Gemdale(SH:600383)2025-10-30 10:40Financial Performance - The company's operating revenue for the third quarter was ¥8,316,190,290.18, a decrease of 58.16% compared to the same period last year[4] - The total profit for the third quarter was -¥806,260,310.02, with a year-to-date total profit of -¥4,957,369,413.59[4] - The net profit attributable to shareholders for the third quarter was -¥784,383,224.91, and year-to-date it was -¥4,485,872,213.28[4] - The basic earnings per share for the third quarter was -¥0.17, and year-to-date it was -¥0.99[5] - The company reported a net loss of approximately ¥4.96 billion for the first three quarters of 2025, compared to a loss of ¥4.86 billion in the same period of 2024[20] - The net profit attributable to the parent company shareholders was -4,485,872,213.28 CNY, compared to -3,410,211,443.46 CNY in the same period last year, reflecting a significant increase in losses[21] - The total comprehensive income attributable to the parent company owners was -4,576,541,571.10 CNY, compared to -3,473,602,908.76 CNY in the previous year, indicating a worsening financial position[21] - The total comprehensive income for the period was -5,222,761,369.91 CNY, compared to -5,016,258,520.22 CNY in the same period last year, indicating a continued trend of losses[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥262,086,995,138.92, a decrease of 10.83% from the end of the previous year[5] - The total assets decreased to approximately ¥262.09 billion in 2025 from ¥293.91 billion in 2024, reflecting a decline of about 10.5%[18] - Total liabilities decreased to approximately ¥166.62 billion in 2025 from ¥190.43 billion in 2024, a reduction of about 12.5%[18] - The company's equity attributable to shareholders decreased to approximately ¥54.53 billion in 2025 from ¥59.04 billion in 2024, a decline of about 7.5%[18] Cash Flow - The net cash flow from operating activities year-to-date was -¥1,467,993,684.58, a decrease of 118.81%[4] - The net cash flow from operating activities was -1,467,993,684.58 CNY, a decline from 7,802,839,314.64 CNY in the same period last year, showing a substantial decrease in operational cash generation[23] - Cash inflows from operating activities totaled 22,567,155,037.81 CNY, down from 55,605,046,413.50 CNY year-over-year, indicating a significant drop in revenue generation[23] - The net cash flow from investing activities was 368,626,558.59 CNY, a decrease from 2,862,193,018.36 CNY in the previous year, suggesting reduced investment returns[24] - The net cash flow from financing activities was -7,373,110,208.49 CNY, compared to -18,209,147,285.41 CNY in the same period last year, indicating improved cash management in financing[24] - The ending cash and cash equivalents balance was 12,716,673,391.12 CNY, down from 21,093,198,381.18 CNY year-over-year, reflecting a decline in liquidity[24] Shareholder Information - The company had a total of 89,483 common shareholders at the end of the reporting period[10] - The largest shareholder, Fude Life Insurance Co., Ltd., held 21.69% of the shares, totaling 979,419,165 shares[10] Government Support - The company received government subsidies amounting to ¥7,106,931.88 during the reporting period, contributing to its financial performance[7] Construction and Rental Operations - In the first three quarters of 2025, the company completed a new construction area of approximately 417,462 square meters and a completion area of approximately 2,107,180 square meters, with a signed area of approximately 1,792,471 square meters and a signed amount of approximately 241.8 billion RMB[13] - The rental income for the first nine months of 2025 reached approximately 235.57 million RMB, with an overall rental rate of 81% across 37 rental properties[14] - The company has a total of 3,362,792 square meters of rental properties, with a total rental income of approximately 235.57 million RMB[14] Inventory and Current Assets - As of September 30, 2025, the company's total current assets amounted to approximately 174.37 billion RMB, a decrease from approximately 199.44 billion RMB at the end of 2024[16] - The company reported a total inventory of approximately 71.86 billion RMB, compared to approximately 83.78 billion RMB at the end of 2024[16] - The cash and cash equivalents on hand were approximately 14.34 billion RMB, down from approximately 22.73 billion RMB at the end of 2024[16] Regional Sales Performance - The company achieved a sales amount of approximately 648.26 million RMB in the Northern region, with a signed area of approximately 445,700 square meters[15] - The company’s total signed area in the Eastern region reached approximately 648,938 square meters, with a sales amount of approximately 920.77 million RMB[15] - The company’s total signed area in the Central and Western regions was approximately 509,365 square meters, with a sales amount of approximately 526.24 million RMB[15] Operating Costs and Expenses - Operating costs for the first three quarters of 2025 were approximately ¥20.86 billion, down 41.5% from ¥35.85 billion in 2024[20] - Financial expenses increased to approximately ¥1.74 billion in 2025 from ¥1.52 billion in 2024, with interest expenses rising to ¥1.83 billion[20] - The company’s research and development expenses were approximately ¥30.01 million in 2025, down from ¥41.90 million in 2024[20] - The company’s deferred tax assets were approximately ¥6.27 billion in 2025, slightly down from ¥6.31 billion in 2024[18]