TJRD(SH:600322)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 548,114,401.56, a decrease of 35.65% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was CNY 128,268,853.61, down 69.20% year-on-year[4]. - The net profit attributable to shareholders for the year-to-date period was CNY -18,383,760.28, reflecting a decline of 138.74% compared to the previous year[4]. - Basic earnings per share for Q3 2023 were CNY 0.1160, a decrease of 69.20% year-on-year[5]. - Total operating revenue for the first three quarters of 2023 reached ¥3,723,092,219.75, an increase of approximately 24.1% compared to ¥2,998,254,739.19 in the same period of 2022[20]. - Net profit for the first three quarters of 2023 was -¥12,009,970.54, a significant decline from a net profit of ¥62,708,115.58 in the same period of 2022[21]. - The total equity attributable to shareholders of the parent company was ¥175,756,035.44, down from ¥194,139,795.72 in the previous year[21]. - The basic earnings per share for the first three quarters of 2023 was -¥0.0166, compared to ¥0.0429 in the same period of 2022[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 14,628,730,117.42, down 11.64% from the end of the previous year[5]. - The company's total assets as of September 30, 2023, amount to approximately CNY 14.63 billion, a decrease from CNY 16.56 billion at the end of 2022[16]. - The company's current liabilities total approximately CNY 8.71 billion, down from CNY 13.39 billion at the end of 2022[17]. - The company’s total liabilities decreased to approximately CNY 13.12 billion from CNY 15.03 billion at the end of 2022[17]. - The total liabilities as of the end of the third quarter of 2023 amounted to ¥13,894,046,234.54, a decrease from ¥15,809,489,712.43 at the end of 2022[21]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 978,998,238.68, an increase of 678.22% compared to the same period last year[4]. - The net cash flow from operating activities for the first three quarters of 2023 was ¥978,998,238.68, compared to ¥125,799,999.22 in 2022, indicating a substantial increase[23]. - The total cash inflow from operating activities was ¥2,884,984,874.99 for the first three quarters of 2023, compared to ¥1,221,402,568.71 in 2022, showing a strong operational performance[23]. - The cash inflow from financing activities amounted to 1,503,150,000.00, while cash outflow was 2,319,432,554.87, leading to a net cash flow of -1,003,534,016.14[24]. - The net increase in cash and cash equivalents for the period was -24,973,061.90, with a closing balance of 148,901,391.11[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 77,587[12]. - The largest shareholder, Tianjin State-owned Capital Investment Operation Co., Ltd., holds 181,537,240 shares, accounting for 16.42% of total shares[12]. Operational Insights - The company reported a significant reduction in investment income compared to the same period last year, impacting overall profitability[9]. - The company has not disclosed any new product developments or market expansion strategies in this report[1]. - The financial data presented has not been audited for this quarter[3]. - The company changed its name from "Tianjin Real Estate Development (Group) Co., Ltd." to "Tianjin Jintou State-owned Urban Development Co., Ltd." on October 16, 2023[14]. - The company did not apply new accounting standards or interpretations for the current year[24]. Expenses - Total operating costs for the first three quarters of 2023 were ¥3,712,544,268.55, up from ¥3,523,023,745.30 in 2022, reflecting a growth of about 5.4%[20]. - Sales expenses for the first three quarters of 2023 were ¥160,151,077.15, which is a significant increase compared to ¥78,568,066.86 in the same period of 2022[21]. - The company reported a financial expense of ¥448,443,071.31 for the first three quarters of 2023, down from ¥543,522,036.61 in 2022[21].