WZJT(SH:600368)2019-10-24 16:00Financial Performance - Operating revenue for the first nine months rose by 28.35% to CNY 1,599,224,942.28 year-on-year [9]. - Net profit attributable to shareholders increased by 60.43% to CNY 445,635,486.62 compared to the same period last year [9]. - Basic earnings per share reached CNY 0.7599, reflecting a 191.37% increase year-on-year [9]. - The company reported a net profit of CNY 855,419,517.14 for the first nine months, a substantial increase of 191.37% compared to the previous year [9]. - Total operating revenue for Q3 2019 reached ¥566.50 million, a 37.7% increase from ¥411.57 million in Q3 2018 [37]. - Net profit attributable to shareholders for the first three quarters of 2019 was ¥2.32 billion, compared to ¥1.86 billion in the same period of 2018, reflecting a growth of 24.6% [34]. - The total operating profit for Q3 2019 was approximately CNY 106.58 million, compared to CNY 70.67 million in Q3 2018, reflecting a year-over-year increase of 50.9% [39]. - The net profit attributable to the parent company for the first three quarters of 2019 reached CNY 851.82 million, up from CNY 288.74 million in the same period of 2018, representing a growth of 195.5% [39]. Asset Management - Total assets increased by 4.55% to CNY 11,084,953,873.71 compared to the end of the previous year [9]. - The net asset attributable to shareholders increased by 20.36% to CNY 4,298,883,038.55 compared to the end of the previous year [9]. - The company reported a 100% decrease in assets held for sale, attributed to the confirmation of asset transfers [16]. - Total assets increased to ¥8.33 billion in Q3 2019, compared to ¥7.80 billion in Q3 2018, marking a growth of 6.8% [34]. - Long-term equity investments increased significantly, reflecting the confirmation of equity transfers [16]. Cash Flow - Cash flow from operating activities decreased by 34.67% to CNY 532,742,993.38 compared to the previous year [9]. - The net cash flow from operating activities for the first nine months of 2019 was CNY 532,742,993.38, down from CNY 815,453,954.29 in the same period last year, representing a decline of about 34.7% [46]. - Cash inflow from operating activities increased significantly to ¥1,442,708,907.38, up 108.06% from ¥693,065,947.24 year-on-year [47]. - Cash outflow from operating activities increased significantly to ¥1,287,384,846.26, compared to ¥218,835,062.29 in the previous year, marking a rise of 487.73% [47]. - Cash received from interest, fees, and commissions decreased by 67.41% to ¥490,435.54 from ¥1,504,798.89, due to reduced loan issuance by subsidiaries [18]. Shareholder Information - Total number of shareholders reached 69,445 [13]. - The largest shareholder, Guangxi Transportation Investment Group, holds 410,318,662 shares, representing 36.45% of total shares [13]. Investment and Financing Activities - The company obtained cash from borrowings amounting to ¥1,166,250,000.00, a 547.92% increase from ¥180,000,000.00 in the previous year [18]. - The company raised CNY 1,166,250,000.00 through financing activities in 2019, compared to CNY 180,000,000.00 in the same period last year, marking a substantial increase in financing efforts [46]. - The company provided guarantees totaling ¥290 million for mortgage loans related to its real estate projects [19]. Legal and Regulatory Matters - The company is actively taking measures to protect the rights of shareholders amid ongoing litigation, with updates to be disclosed as the case progresses [24]. - The company is pursuing legal action for a profit claim of ¥34,856,900.00 against Huang Haile and Guangxi Aorun Investment Management Co., Ltd. [22]. Operational Costs and Expenses - Operating costs for the first nine months of 2019 increased by 61.66% to ¥875,412,081.22 compared to ¥541,519,212.31 in 2018, primarily due to growth in trading business and increased costs from real estate sales [17]. - Tax and additional charges rose by 34.17% to ¥11,178,026.04 from ¥8,331,098.83, mainly due to increased real estate sales revenue [17]. - The company incurred a tax expense of CNY 2.77 million in Q3 2019, compared to CNY 18.24 million in Q3 2018, which is a decrease of 84.8% [39]. Impairment and Losses - The company reported a 193.59% increase in asset impairment losses, totaling -¥19,834,878.78, attributed to impairment provisions for long-term equity investments [17]. - The company reported asset impairment losses of CNY 24,194,355.41 in Q3 2019, which may impact future profitability [42]. - The company reported a credit impairment loss of ¥10.71 million in Q3 2019, contrasting with a gain of ¥0.87 million in Q3 2018, indicating a shift in asset quality [38].