YMRD(SH:600239)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥418,813,616.75, a decrease of 26.23% compared to the same period last year[7]. - The net profit attributable to shareholders for the year-to-date period was ¥125,945,420.79, reflecting a decline of 38.87% year-on-year[7]. - The net cash flow from operating activities for Q3 2023 was ¥190,987,850.09, down 93.04% compared to the same period last year[8]. - The basic earnings per share for Q3 2023 was -¥0.003, while the diluted earnings per share was also -¥0.003[8]. - Total operating revenue for the first three quarters of 2023 was CNY 1,222,235,013.60, a decrease of 38.9% compared to CNY 1,999,364,748.69 in the same period of 2022[30]. - Operating profit for the first three quarters of 2023 was CNY 193,301,437.69, compared to a loss of CNY 630,047,394.78 in the same period of 2022[31]. - The total profit for Q3 2023 is CNY 153,480,006.54, compared to a loss of CNY 667,231,365.53 in the same period last year[32]. - The net profit for Q3 2023 is CNY 128,913,301.98, a significant improvement from a net loss of CNY 734,475,497.28 in Q3 2022[32]. - The investment income for the first three quarters of 2023 was CNY 168,354,139.52, down from CNY 423,209,268.97 in the previous year[31]. - Net profit for the first three quarters of 2023 was CNY 88,903,985.76, compared to a net loss of CNY 805,917,885.41 in the same period of 2022, indicating a turnaround in profitability[41]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,682,848,750.60, a decrease of 6.24% from the end of the previous year[8]. - Total assets as of the end of Q3 2023 amounted to CNY 12,682,848,750.60, a decrease from CNY 13,527,573,991.57 at the end of 2022[28]. - Total liabilities as of the end of Q3 2023 were CNY 10,130,738,767.11, down from CNY 10,979,061,951.39 at the end of 2022[28]. - The company's total equity as of the end of Q3 2023 was CNY 2,552,109,983.49, slightly up from CNY 2,548,512,040.18 at the end of 2022[28]. - Total liabilities decreased to CNY 6,562,712,328.79 as of September 30, 2023, down from CNY 7,439,207,705.19 at the end of 2022, a reduction of approximately 11.8%[39]. - Current liabilities totaled CNY 1,615,364,705.45, down from CNY 2,514,141,969.95 at the end of 2022, representing a decrease of about 35.7%[38]. - Long-term borrowings increased slightly to CNY 990,028,693.03 from CNY 974,610,756.04, reflecting a growth of approximately 1.4%[38]. - The total amount of current liabilities was CNY 5,572,885,503.78, with accounts payable at CNY 141,358,091.22[48]. Cash Flow - The net cash flow from operating activities for the first three quarters of 2023 is CNY 1,081,299,116.90, down from CNY 7,711,377,423.27 in the same period last year[35]. - The total cash inflow from operating activities for the first three quarters of 2023 is CNY 2,503,129,186.41, compared to CNY 9,668,733,472.85 in the previous year[34]. - The net cash flow from operating activities for the first three quarters of 2023 was -76,926,687.06 RMB, compared to -65,422,832.42 RMB in the same period of 2022, indicating a decline of approximately 17.3%[43]. - The cash outflow for operating activities was 82,395,064.92 RMB, which is higher than 67,063,227.64 RMB in the same period of 2022, indicating an increase of about 22.5%[43]. - The net cash flow from financing activities for Q3 2023 is -CNY 840,011,115.76, compared to -CNY 8,081,652,076.56 in Q3 2022[35]. - The net cash flow from financing activities was -566,058,161.31 RMB, compared to -3,864,098,787.30 RMB in the same period of 2022, showing an improvement of approximately 85.3%[43]. Market and Sales Performance - The company achieved a total sales amount of RMB 245.35 million and a sales area of 15,205.82 square meters from January to September 2023[19]. - In Q3 2023, the company reported a total contracted area of 7,813 square meters, a decrease of 23% year-on-year, and a total contracted amount of RMB 122.92 million, down 17% year-on-year[20]. - The company reported a significant decline in sales for parking spaces and commercial properties, with a 75% and 60% decrease in contracted amounts respectively compared to Q3 2022[20]. Investments and Projects - The company’s total investment in real estate development projects for the reporting period was RMB 2.09 billion, with a total planned construction area of 1,801,172 square meters[17]. - The company has ongoing projects in various regions, including a total investment of RMB 1.06 billion in the "Dream Yunnan · Erhai" project in Dali, Yunnan[17]. Financial Management - The company reported a significant reduction in financial expenses due to a decrease in interest-bearing liabilities, contributing to the changes in net profit[11]. - The company's financial expenses for the first three quarters of 2023 were CNY 161,774,189.89, significantly reduced from CNY 1,073,476,132.82 in the same period of 2022[31]. - The company reported a significant reduction in financial expenses, which fell to CNY 10,860,359.15 from CNY 314,343,004.16 year-over-year[40]. - The company has adjusted its financial statements in accordance with new accounting standards effective from January 1, 2023, impacting the deferred tax assets and liabilities[44].