C&D INC.(SH:600153)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 264.33 billion, reflecting a year-on-year growth of 25.66%[5] - Net profit attributable to shareholders was CNY 2.81 billion, a significant increase of 54.18% compared to the same period last year[5] - Basic earnings per share increased by 54.69% to CNY 0.99[5] - The weighted average return on equity rose to 8.87%, an increase of 2.41 percentage points year-on-year[5] - Total operating revenue for Q3 2020 reached ¥106.79 billion, a 29.4% increase from ¥82.52 billion in Q3 2019[27] - Net profit for Q3 2020 was ¥529.46 million, slightly down from ¥552.39 million in Q3 2019, representing a decrease of 4.1%[28] - Operating profit for the first three quarters of 2020 was ¥5.00 billion, significantly higher than ¥3.16 billion in the same period of 2019, an increase of 58.2%[27] Cash Flow - The net cash flow from operating activities for the first nine months was negative at CNY -13.70 billion, worsening from CNY -9.20 billion in the previous year[5] - The net cash flow from operating activities decreased to -¥13.70 billion, reflecting increased land and project payments due to expanded real estate operations[15] - Cash inflows from operating activities for the first three quarters of 2020 totaled CNY 384,233,616,359.29, up from CNY 298,152,929,259.30 in the same period of 2019, reflecting a growth of 28.83%[34] - The cash outflow for operating activities was 21.29 billion RMB in 2020, compared to 14.04 billion RMB in 2019, indicating a rise of about 51.9%[38] - The net cash flow from financing activities increased by 45.85% to ¥19.98 billion, driven by a larger financing scale compared to the previous year[15] - The cash flow from financing activities saw a net inflow of 6.10 billion RMB in 2020, compared to a net outflow of -702.17 million RMB in 2019, indicating a turnaround in financing activities[39] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 388.62 billion, an increase of 31.56% compared to the end of the previous year[5] - Current assets totaled CNY 357.01 billion, up from CNY 268.20 billion year-over-year, indicating a growth of about 33.1%[20] - Total liabilities amounted to CNY 321.60 billion, up from CNY 229.29 billion, which is an increase of approximately 40.3%[20] - The company's equity attributable to shareholders rose to CNY 32.40 billion from CNY 30.89 billion, showing a growth of about 4.9%[20] - The total liabilities as of September 30, 2020, amounted to ¥18.75 billion, up from ¥13.07 billion at the end of 2019, reflecting a growth of 43.5%[24] - The total owner's equity reached CNY 66.43 billion as of January 1, 2020, up from CNY 66.10 billion on December 31, 2019, an increase of CNY 324.61 million[43] Investments and Income - Investment income rose by 39.23% to ¥740.25 million, mainly from stock sales by subsidiaries[14] - The company reported a significant increase in derivative financial liabilities by 418.23% to ¥136.19 million, due to increased floating losses from commodity futures contracts[12] - The company’s investment income showed a loss of CNY 16,636,672.95 in Q3 2020, contrasting with a gain of CNY 4,677,566.86 in Q3 2019[32] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 63.03 million during the reporting period, contributing to its financial performance[7] - Non-recurring gains and losses totaled CNY 195.36 million for the reporting period, down from CNY 609.34 million in the previous year[7] Market Outlook - The company anticipates continued growth in the real estate sector, supported by ongoing projects and market demand[16]