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金融街(000402) - 2014 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2014 was CNY 5.17 billion, a 40.24% increase year-on-year[2] - Net profit attributable to shareholders decreased by 63.99% to CNY 211.03 million in Q3 2014[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 66.48% to CNY 194.57 million in Q3 2014[2] - Basic earnings per share decreased by 63.16% to CNY 0.07 for Q3 2014[2] - The company achieved an operating revenue of approximately 9.486 billion yuan, a decrease of about 6.66% year-on-year, with a net profit attributable to shareholders of approximately 0.581 billion yuan, down 56.79% from the previous year[12] - Real estate development revenue was approximately 8.588 billion yuan, down about 7.95% year-on-year, with residential project revenue at approximately 7.262 billion yuan and commercial real estate revenue at approximately 1.326 billion yuan[12] - The company reported property leasing and operation income of approximately 0.862 billion yuan, an increase of about 3.73% year-on-year, while property leasing income decreased by 4.72% due to reduced rentable area from project renovations[13] Assets and Liabilities - Total assets increased by 12.64% to CNY 85.69 billion compared to the end of 2013[2] - Long-term borrowings rose by 27.73% to CNY 29.19 billion, reflecting active fundraising for project development[8] - Other current assets increased by 31.05% to CNY 2.11 billion, driven by an increase in pre-sold housing funds[8] - The company has provided guarantees totaling 5.5174 billion yuan for its subsidiaries, representing 7.25% of total audited assets and 24.76% of total audited net assets[16] - The company has made payments totaling 6.352 billion yuan for land acquisition projects, with a remaining balance of 3.666 billion yuan yet to be paid[17] Cash Flow - The company reported a net cash flow from operating activities of -1.262 billion yuan for the year-to-date, compared to -0.133 billion yuan in the same period last year, primarily due to a decrease in cash received from sales of goods by 300 million yuan[10] - The net cash flow from investing activities was -5.780 billion yuan, a significant decline from 0.671 billion yuan in the previous year, mainly due to a land project acquisition costing 5.643 billion yuan[10] - The net cash flow from financing activities increased to 5.2 billion yuan from 2.02 billion yuan year-on-year, reflecting increased borrowing for land reserves[10] Shareholder Information - The total number of shareholders as of September 30, 2014, was 152,677[6] Contracts and Investments - The total signed real estate contracts reached approximately 9.4 billion yuan, a significant decline of 51.29% year-on-year, with commercial property contracts at approximately 5.5 billion yuan and residential contracts at approximately 3.9 billion yuan[13] - The total land investment for 11 new projects in major cities amounted to approximately 15.5 billion yuan, adding about 1.76 million square meters of planned area[13] Financial Expenses - Financial expenses surged by 253.17% to CNY 472.28 million due to increased land investment and delayed project sales[9] - The weighted average return on equity decreased by 1.91 percentage points to 0.96%[2]