CFLD(SH:600340)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 25.30% to CNY 7.28 billion year-on-year[16]. - Operating revenue declined by 11.79% to CNY 56.73 billion compared to the same period last year[16]. - Basic earnings per share decreased by 24.90% to CNY 1.84[16]. - The weighted average return on equity dropped by 9.96 percentage points to 15.23%[16]. - The company reported a significant decrease in investment income by 88.43% from 205,240,873.62 to 23,750,664.84, attributed to reduced returns from long-term equity investments[28]. - Total operating revenue for Q3 2020 was ¥19.36 billion, a decrease of 24% compared to ¥25.59 billion in Q3 2019[74]. - The company reported a total profit of ¥2.33 billion for Q3 2020, up from ¥2.02 billion in Q3 2019[78]. - The net profit for Q3 2020 was approximately ¥184.22 million, compared to a net loss of ¥21.97 million in Q3 2019[85]. Assets and Liabilities - Total assets increased by 10.70% to CNY 506.81 billion compared to the end of the previous year[16]. - The company's total liabilities increased by 76.71% from 33,818,358,564.15 to 59,761,980,238.51 due to the reclassification of long-term borrowings and bonds payable[25]. - The company's long-term borrowings increased by 33.66% from 48,789,992,626.24 to 65,214,191,362.78, primarily due to the increase in pledged and guaranteed loans[25]. - The company's asset-liability ratio at the end of the reporting period was 82.1%, a decrease of 1.8 percentage points year-on-year and 1.1 percentage points compared to the previous half-year[34]. - The total liabilities of the company as of September 30, 2020, were CNY 362.24 billion, compared to CNY 334.30 billion at the end of 2019, representing an increase of approximately 8.4%[62]. - Total current liabilities increased to CNY 70.25 billion from CNY 39.69 billion, representing a growth of about 76.9%[69]. Cash Flow - Net cash flow from operating activities improved to -CNY 25.07 billion, a significant reduction from -CNY 39.55 billion in the previous year[16]. - The company's cash inflow from the disposal of fixed assets and intangible assets increased significantly, with a net cash inflow of 128 million yuan, a 392.45% increase compared to the previous year[30]. - The cash flow from operating activities for the first three quarters of 2020 was approximately -¥25.07 billion, an improvement from -¥39.55 billion in the same period of 2019[89]. - The total cash inflow from financing activities in Q3 2020 was CNY 6,730,545,000.00, a decrease from CNY 13,550,633,986.66 in Q3 2019[94]. - The net cash flow from financing activities for the first three quarters of 2020 was CNY 25,283,977,935.12, down from CNY 38,550,922,033.97 in the previous year[91]. Shareholder Information - The company reported a total of 116,510 shareholders as of the end of the reporting period[19]. - The largest shareholder, Huaxia Happiness Holdings, holds 29.69% of the shares, with 1.16 billion shares pledged[19]. - The total number of shares held by the top ten unrestricted shareholders is 1,456,064,200, accounting for 37.20% of the total share capital as of the reporting period end[22]. Investments and Development - The company's receivables increased by 36.70% from 390,200 to 533,400 due to the receipt of accepted bills during the period[25]. - Investment properties increased by 146.59% from 3,340,380,000.00 to 8,236,906,437.63 due to the acquisition of investment properties during the period[25]. - The company has engaged in cooperative development projects covering 113,263.90 square meters, with an equity share of 51%[48]. - The company has a cooperative development project in the Guilin area, covering 559,317.00 square meters, with an equity share of 70%[49]. Expenses - The company's financial expenses surged by 301.33% from 916,386,813.32 to 3,677,726,068.46, mainly due to increased interest expenses[26]. - Sales and management expenses decreased by 14.5% and 21.3% year-on-year, respectively, with sales expense ratio and management expense ratio decreasing by 0.06 and 0.75 percentage points[33]. - The company reported a significant decrease in sales expenses, which were ¥384.24 million in Q3 2020, compared to ¥295.42 million in Q3 2019[74]. Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 34.41 million[19]. - Non-operating income for the current period totaled CNY 42.53 million[19]. - Other income rose by 33.01% from 98,419,594.21 to 130,905,752.85, primarily due to an increase in government subsidies[28]. - The company’s retained earnings increased to CNY 42.37 billion from CNY 38.84 billion, reflecting a growth of approximately 9.7%[64].