Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,925,727,273, representing a decrease of 72.29% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 279,877,797, a decline of 897.94% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 297,663,245, reflecting a decrease of 1,192.00% compared to the previous year[3]. - Operating revenue for the current reporting period decreased by 72.29% due to the impact of macroeconomic adjustments on the real estate sector[8]. - Net profit attributable to shareholders of the listed company for the current reporting period decreased by 897.94%[8]. - The basic and diluted earnings per share were both CNY -0.08, indicating a 500.00% decline year-on-year[3]. - The basic earnings per share for the current reporting period decreased by 500.00%[9]. - The company reported a total profit of CNY -722.94 million for the first three quarters of 2022, compared to a profit of CNY 647.50 million in the same period of 2021[26]. - Total operating revenue for the first three quarters of 2022 was CNY 8.77 billion, a decrease of 49.3% compared to CNY 17.27 billion in the same period of 2021[23]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was a loss of CNY 787.61 million, compared to a profit of CNY 312.46 million in the same period of 2021[27]. - Total profit for the first three quarters of 2022 was CNY 205,101,831, down 55.3% from CNY 458,557,047 in the same period of 2021[41]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 70,143,998,327, down 12.12% from the end of the previous year[4]. - The equity attributable to shareholders decreased to CNY 13,568,774,017, a reduction of 12.51% compared to the previous year[4]. - Total current assets decreased to 56.659 billion yuan from 65.350 billion yuan, a decline of approximately 13.0%[18]. - Total liabilities decreased to 53.308 billion yuan from 60.445 billion yuan, a reduction of approximately 11.8%[21]. - The company's total equity decreased to CNY 10,320,528,508 as of September 30, 2022, from CNY 11,254,697,259 at the end of 2021, indicating a decline of about 8.26%[38]. - Long-term borrowings decreased to CNY 10,246,195,614 as of September 30, 2022, from CNY 12,095,115,407 at the end of 2021, a decline of 15.3%[37]. - The company's short-term borrowings decreased to 32.027 billion yuan from 38.272 billion yuan, a decline of approximately 16.0%[20]. - Total liabilities decreased to CNY 32,490,971,629 as of September 30, 2022, from CNY 35,678,136,244 at the end of 2021, a reduction of approximately 6.14%[37]. Cash Flow - The cash flow from operating activities was not applicable for the current period, but for the year-to-date, it was CNY 3,284,863,750, down 25.14% from the previous year[3]. - The net cash flow from operating activities for the first three quarters of 2022 was CNY 3.28 billion, a decrease of 25.1% from CNY 4.39 billion in the same period of 2021[30]. - Cash inflow from financing activities totaled CNY 5,346,086,083 in the first three quarters of 2022, a decrease of 58% compared to CNY 12,773,148,828 in the same period of 2021[32]. - Net cash flow from financing activities was negative CNY 8,785,962,680 for the first three quarters of 2022, worsening from negative CNY 4,622,100,329 in the same period of 2021[32]. - The company's cash and cash equivalents decreased by CNY 5,575,718,138 in the first three quarters of 2022, compared to a decrease of CNY 1,303,609,710 in the same period of 2021[33]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 290,079,871, a decline of 58.7% compared to CNY 700,907,921 in the same period of 2021[44]. - Cash flow from investing activities generated a net inflow of CNY 1,007,198,438 in the first three quarters of 2022, compared to a net outflow of CNY 2,289,286,128 in the same period of 2021[45]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 141,823[11]. - The largest shareholder, Beichen Group, holds 1,161,000,031 shares, representing 34.482% of total shares[11]. - The second-largest shareholder, HKSCC NOMINEES LIMITED, holds 688,138,199 shares, representing 20.438% of total shares[11]. Government Subsidies - Non-recurring gains and losses totaled 17,785,448 RMB for the current reporting period, with a significant portion attributed to government subsidies of 3,572,496 RMB[7]. - The total amount of government subsidies recognized in the current period was 3,572,496 RMB, with a cumulative amount of 7,002,138 RMB since the beginning of the year[7]. Corporate Governance and Compliance - The company assures that the financial information in the quarterly report is true, accurate, and complete, with no false records or significant omissions[2]. - The company has implemented new accounting standards starting from 2022, affecting the financial statements for the first year of implementation[47]. - The board of directors consists of eight members, including five executive directors and three independent non-executive directors[47]. - The company is committed to ensuring the accuracy of its financial reporting under the new standards[47]. - The implementation of the new accounting standards is expected to enhance transparency in financial reporting[47]. - The board is focused on strategic decision-making to align with the new accounting requirements[47]. - The company aims to improve its financial performance through adherence to the new standards[47]. - The announcement reflects the company's commitment to corporate governance and compliance[47]. Real Estate and Construction - The company completed the acquisition of 100% equity in Beijing International Exhibition Center, which was included in the consolidated financial statements[5]. - The merger with Beijing International Exhibition Center is considered a business combination under common control, affecting the financial reporting[6]. - Total land reserves are 5.1638 million square meters, with equity land reserves at 4.6028 million square meters[15]. - The company achieved a sales area of 489,900 square meters, a year-on-year decrease of 38.61%, with a sales amount of 10.469 billion yuan, down 26.60% year-on-year[15]. - New construction area was 355,800 square meters, with a recovery area of 4.151 million square meters and a completion area of 1.0719 million square meters[15].
北京北辰实业股份(00588) - 2022 Q3 - 季度财报