BCDC(SH:600376)2019-10-30 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 2.38 billion, representing a growth of 28.57% year-on-year[18]. - Operating revenue for the period was CNY 29.54 billion, up 38.78% from the same period last year[18]. - Basic earnings per share increased to CNY 0.8222, reflecting a growth of 38.07% year-on-year[20]. - The weighted average return on equity rose to 9.02%, an increase of 2.28 percentage points compared to the previous year[18]. - Net profit after deducting non-recurring gains and losses was CNY 2.25 billion, up 52.07% year-on-year[18]. - The company reported a decrease in net assets attributable to shareholders by 6.09% to CNY 29.01 billion compared to the previous year[18]. Cash Flow and Liquidity - Net cash flow from operating activities was negative CNY 1.55 billion, a decline of 200.31% compared to the previous year[18]. - The company's cash and cash equivalents decreased by 35.90% to ¥20,985,439,729.89 from ¥32,738,886,629.44 due to net outflows from financing, investing, and operating activities[26]. - The net cash flow from operating activities was negative at -¥1,550,096,934.44, a decrease of 200.31% compared to the previous year, primarily due to payments for land prices and compensation for demolition[26]. - The net cash flow from investing activities was -¥1,804,555,072.77, an increase of 88.48% compared to the previous year, mainly due to increased payments for investments and fixed asset purchases[26]. - The net cash flow from financing activities decreased by 247.55% to -¥8,255,041,774.32, primarily due to reduced investments from minority shareholders and repayments of debts and perpetual bonds[26]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 295.12 billion, an increase of 1.27% compared to the end of the previous year[18]. - The company's cash and cash equivalents decreased to CNY 20.99 billion from CNY 32.74 billion year-over-year, indicating a reduction in liquidity[77]. - Current liabilities decreased to ¥152.23 billion from ¥154.66 billion, a reduction of about 1.6%[83]. - Long-term borrowings rose to ¥60.50 billion from ¥53.15 billion, an increase of approximately 13.4%[83]. - Total liabilities amounted to ¥241.31 billion, up from ¥237.74 billion, reflecting an increase of about 1.1%[83]. - Shareholders' equity totaled ¥53.81 billion, slightly up from ¥53.67 billion, indicating a growth of approximately 0.3%[83]. Project Development and Investments - The company reported a total construction area of 2,200,000 square meters across various projects, with 1,500,000 square meters currently under construction[36]. - New projects initiated during the reporting period cover an area of 300,000 square meters, with a planned total investment of 63.91 billion yuan[36]. - The company has ongoing urban renewal projects in multiple districts, with a total planned investment of approximately 1.59 billion yuan[33]. - The company is focusing on residential and commercial developments, with a significant portion of its projects in the Beijing area[36]. - The total area of ongoing projects outside Beijing is 11,410,232 square meters, with a total planned construction area of 21,552,499 square meters[57]. Sales Performance - The total saleable area across various projects in Beijing is approximately 3,000,000 square meters, with a cumulative sold area of 1,000,000 square meters, representing a sales rate of about 33.33%[62]. - The project in Beijing's Daxing District, He Yue Hua Jin, has a saleable area of 162,403 square meters, with 69,351 square meters sold, resulting in a high sales rate of 42.69%[62]. - The project "Huludao Guofeng Haian" in Huludao achieved a sales area of 1,392,655 square meters with a sales value of 21,551 million, reflecting a growth of 17.41%[44]. - The "Xiamen Lingxiang Shangjun" project recorded a sales area of 429,759 square meters and a sales value of 19,307 million, with a growth rate of 34.46%[61]. Strategic Focus - The company is focusing on expanding its market presence through new residential and commercial projects across various cities[69]. - The company plans to enhance its product offerings with new residential developments and commercial spaces in key urban areas[69]. - The company is actively pursuing new projects, with a reported new construction area of 2,421,530 square meters in total[58].