2022-10-28 11:30Financial Performance - Revenue for the third quarter of 2022 was RMB 130,756,952, representing a year-on-year increase of 25.28%[3] - Profit attributable to shareholders for the third quarter of 2022 was RMB 4,827,763, a decrease of 14.43% compared to the same period last year[3] - Basic earnings per share for the third quarter of 2022 were RMB 0.4178, down 13.94% year-on-year[3] - In Q3, the company achieved operating revenue of RMB 130.76 billion, a year-on-year increase of 25.3%, while net profit attributable to shareholders was RMB 4.83 billion, a decrease of 14.4%[10] - For the first nine months, the company reported cumulative operating revenue of RMB 337.67 billion, up 24.4% year-on-year, and net profit attributable to shareholders of RMB 17.05 billion, an increase of 2.2%[11] - The operating profit for the first nine months was RMB 52.70 billion, an increase from RMB 46.61 billion in the same period last year[24] - The net profit attributable to shareholders for the period was RMB 17.05 billion, compared to RMB 16.69 billion in the previous year[24] - The company's total revenue for the first nine months reached RMB 33.77 billion, up from RMB 27.15 billion year-on-year[24] Asset and Liability Management - Total assets as of September 30, 2022, were RMB 1,832,663,156, a decrease of 5.47% from December 31, 2021[3] - Current assets decreased from RMB 1,600,322,953 to RMB 1,482,273,448, a decline of approximately 7.37%[27] - Current liabilities decreased from RMB 1,311,446,467 to RMB 1,168,326,003, a reduction of about 10.9%[28] - Total non-current liabilities increased from RMB 234,473,532 to RMB 258,368,674, an increase of approximately 10.1%[30] - The company's total equity increased from RMB 392,772,777 to RMB 405,968,479, reflecting a growth of about 3.1%[30] - The company's total assets minus current liabilities increased from RMB 627,246,309 to RMB 664,337,153, an increase of approximately 5.9%[28] Cash Flow and Financing - Cash and cash equivalents decreased by 65.01% to RMB 3,024,576 due to the release of restricted funds[4] - Cash and cash equivalents decreased from RMB 140,708,459 to RMB 115,805,110, representing a decline of approximately 17.7%[31] - Operating cash flow generated was RMB 27,373,577, down from RMB 31,265,529, a decrease of about 12.5%[31] - Net cash used in investing activities was RMB 11,153,809, compared to RMB 27,562,068 in the previous year, indicating a significant reduction in cash outflow[31] - The company reported a net cash outflow of RMB 24,903,349 for the nine months ended September 30, 2022, compared to RMB 46,996,659 in the previous year, showing an improvement[31] - The average financing cost for new financing in the first three quarters was 3.73%, while the comprehensive financing cost for existing financing was 4.06%[12] Shareholder Information - The number of shareholders at the end of the reporting period was 454,066, with 453,987 being A-share holders[6] - The largest shareholder, Shenzhen Metro Group Co., Ltd., held 27.88% of the shares, totaling 3,242,810,791 shares[6] - The company plans to continue its financing and securities lending business, utilizing up to 97,241,965 A-shares, which is approximately 0.836% of the total share capital[7] Business Segments Performance - The real estate development business recorded a settlement area of 22.62 million square meters in the first nine months, contributing RMB 295.8 billion in revenue, with year-on-year growth of 21.7% and 24.8% respectively[11] - The company’s gross profit margin for real estate development decreased from 23.9% in the same period last year to 20.7% in 2022, primarily due to rising land costs[11] - The logistics and warehousing business generated revenue of RMB 2.97 billion in the first nine months, reflecting a year-on-year growth of 42.7%[16] - The leasing residential business achieved a revenue of RMB 2.31 billion for the first nine months, representing a year-on-year growth of 11.5%[17] - As of September 30, the leasing residential business managed approximately 215,000 units with an occupancy rate of 95%[17] - The commercial development and operation business generated a revenue of RMB 6.25 billion, reflecting a year-on-year increase of 10.6%[18] - The overall occupancy rate of the commercial projects managed by the company was 92.7% as of the reporting period[18] - The company signed 6,887 new lease agreements with corporate clients in the third quarter, and over 50,000 contracts were signed around graduation season[17] - The company has incorporated 42,800 units into the affordable rental housing program as part of its response to national policies[17] Corporate Actions and Recognition - The company successfully listed its subsidiary, Wanwu Cloud, on the Hong Kong Stock Exchange during the reporting period[15] - The company completed a dividend distribution of RMB 11.2 billion for the 2021 fiscal year, while maintaining investment in quality projects[12] - The company has set 50 sustainability goals, receiving recognition for its ESG performance from various rating agencies[19] Debt Management - The total interest-bearing debt amounted to RMB 294.32 billion, with 78.7% classified as long-term debt, an increase of 1.1 percentage points compared to the previous period[12] - The company reported a significant increase in current bonds payable, rising by 181.32% to RMB 18,499,875, indicating a restructuring of financing[4]