BCDC(SH:600376)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 42.12% to CNY 1.38 billion year-on-year[18]. - Operating revenue declined by 17.39% to CNY 24.41 billion for the year-to-date period[18]. - Basic earnings per share fell by 43.13% to CNY 0.4676[21]. - The weighted average return on net assets decreased by 4.17 percentage points to 4.85%[21]. - The company reported a total of CNY 765.62 million in non-recurring gains and losses for the year-to-date period[22]. - The company reported a net profit for Q3 2020 of ¥248,953,660.69, down from ¥469,221,650.20 in Q3 2019, reflecting a decrease of approximately 47.16%[89]. - The net profit for Q3 2020 was ¥156,326,694.24, compared to ¥264,740,961.44 in Q3 2019, indicating a decrease of about 41%[96]. - The total comprehensive income for Q3 2020 was ¥156,326,694.24, a decline from ¥264,740,961.44 in the same period last year[98]. Cash Flow and Liquidity - Net cash flow from operating activities worsened by 142.18%, reaching -CNY 3.75 billion[18]. - The net cash flow from operating activities decreased by 142.18%, moving from CNY -1,550,096,934.44 to CNY -3,753,967,507.95, due to increased payments for receivables[29]. - Cash flow from investment activities was -3.65 billion, worsening from -1.80 billion, indicating increased investment expenditures[102]. - Cash inflow from financing activities was 62.10 billion, significantly higher than 41.96 billion, showing strong capital raising efforts[102]. - The net increase in cash and cash equivalents was 4.43 billion, contrasting with a decrease of 11.61 billion in the previous period, indicating improved liquidity[104]. - Total cash and cash equivalents at the end of the period reached 29.32 billion, up from 20.76 billion, reflecting a stronger cash position[104]. Assets and Liabilities - Total assets increased by 8.87% to CNY 330.29 billion compared to the end of the previous year[18]. - Current liabilities rose to CNY 160.66 billion, an increase from CNY 147.33 billion, marking a growth of approximately 9%[75]. - Total liabilities reached CNY 267.96 billion, up from CNY 245.47 billion, indicating an increase of approximately 9.5%[77]. - Total current assets amounted to ¥284.20 billion, up from ¥262.26 billion year-over-year, indicating a growth of 8.36%[71]. - The company’s total liabilities amounted to CNY 245.47 billion, a decrease of CNY 125.84 million compared to the previous period[115]. Shareholder Information - The number of shareholders reached 44,084 by the end of the reporting period[22]. - The largest shareholder, Beijing Capital Development Holdings, holds 47.12% of shares[25]. Project Development and Investments - The company has significant land reserves for development, with a total area of 1,212,301 square meters, including various residential and commercial projects across multiple regions[32]. - The total area for urban renewal projects is 1589.12 thousand square meters, with a planned total investment of 447.33 billion RMB[35]. - The company has ongoing projects in multiple districts, including Chaoyang and Daxing, indicating a broad market presence[37]. - The company is focusing on mixed-use developments, with several projects combining residential, commercial, and office spaces[48]. - The company plans to enhance its market presence through strategic acquisitions and partnerships in key urban areas[48]. Market Performance - The total presale area across various projects in Beijing reached 2,000,000 square meters, with a cumulative sales area of 1,000,000 square meters[56]. - The project in Guizhou reported a significant increase in sales, with 984,710 square meters sold and 29,620 units at a price increase of 63.20%[67]. - The project in Xiamen achieved a sales area of 429,759 square meters with 23,397 units sold, reflecting a price increase of 37.77%[64]. - The project in Fuzhou recorded a total area of 812,963 square meters with 3,000 units sold, achieving a price increase of 78.16%[68]. Future Outlook - Future outlook includes a projected increase in revenue driven by the completion of new projects and expansion into emerging markets[48]. - The company plans to focus on market expansion and new product development as part of its future strategy[86].