TJRD(SH:600322)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 30,513,125.90, down 86.05% year-on-year[8]. - Operating revenue for the first nine months was CNY 1,946,579,978.77, a decrease of 39.85% compared to the same period last year[8]. - Basic earnings per share were CNY 0.0276, down 86.05% compared to CNY 0.1978 in the previous year[8]. - The company's operating revenue decreased by 39.85% year-on-year due to a decline in the total amount of revenue-generating projects compared to the same period last year[15]. - Net profit attributable to shareholders of the listed company fell by 86.05% year-on-year, attributed to the same reasons as the revenue decline[15]. - Basic and diluted earnings per share also decreased by 86.05% year-on-year, reflecting the significant drop in net profit[15]. - The company anticipates a substantial decrease or potential loss in net profit for the year 2020 compared to the previous year, influenced by the pandemic and tightening financial policies[18]. - The total profit for the first three quarters of 2020 was CNY 83,991,235.93, compared to CNY 376,315,718.59 in the same period of 2019, indicating a decline[31]. Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months was CNY 3,092,662,678.42, an increase of 403.60% year-on-year[8]. - The net cash flow from operating activities increased significantly compared to the same period last year, mainly due to enhanced sales efforts and shortened collection times[14]. - For the first three quarters of 2020, cash inflows from operating activities reached ¥5,318,184,745.68, a significant increase from ¥2,441,272,415.67 in the same period of 2019[37]. - The net cash flow from operating activities for the first three quarters of 2020 was ¥3,092,662,678.42, compared to ¥614,105,652.48 in the previous year, indicating a substantial improvement[37]. - The company reported a total cash and cash equivalents balance of CNY 59,595,222.93 at the end of the third quarter of 2020, up from CNY 12,837,157.60 at the end of the same period in 2019[43]. - The ending cash and cash equivalents balance as of September 30, 2020, was ¥592,637,003.31, down from ¥730,892,312.57 at the end of Q3 2019[40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 25,568,680,625.53, a decrease of 0.03% compared to the end of the previous year[8]. - Total current assets amounted to ¥23,227,704,508.61, a slight increase from ¥23,172,451,126.61 as of December 31, 2019, representing a growth of approximately 0.24%[21]. - Total non-current assets decreased to ¥2,340,976,116.92 from ¥2,404,650,136.58, representing a decline of about 2.66%[22]. - Total liabilities as of September 30, 2020, were ¥20,138,755,134.56, slightly up from ¥20,133,558,179.07, showing a marginal increase of 0.03%[23]. - The company's total assets stood at ¥25,568,680,625.53, a minor decrease from ¥25,577,101,263.19, reflecting a decline of approximately 0.03%[23]. - Long-term borrowings decreased to ¥1,701,920,000.00 from ¥2,775,932,000.00, reflecting a decline of approximately 38.73%[23]. - The company’s total liabilities included short-term borrowings of CNY 490,000,000.00 and accounts payable of CNY 1,599,856,142.36 as of January 1, 2020[45]. Shareholder Information - The total number of shareholders at the end of the reporting period was 65,294[12]. - The largest shareholder, Tianjin State-owned Capital Investment Operation Co., Ltd., held 16.42% of the shares[12]. - A major shareholder, Tianjin Jincheng State-owned Capital Investment Operation Co., Ltd., transferred 146,067,416 shares (13.21% of total shares) to Tianjin State-owned Capital Investment Operation Co., Ltd. at a price of 4.08 RMB per share, totaling approximately 596 million RMB[16]. Regulatory and Governance - The company will strictly adhere to regulatory requirements for timely information disclosure regarding financial performance[18]. - The board of directors received a resignation from a board member due to work adjustments, and the company will expedite the process of selecting a new director[17]. Market Conditions - The company is facing a challenging operating environment due to the pandemic, which has slowed production and sales, particularly affecting small and regional real estate companies[17]. - The company reported that the average transaction prices for commercial and residential products in its project areas are on a downward trend[17].