DIMA(SH:600565)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 42.33% to CNY 328.17 million year-on-year[7] - Operating revenue for the first nine months was CNY 6.40 billion, a slight increase of 0.28% compared to the same period last year[7] - Basic earnings per share dropped by 39.13% to CNY 0.14[7] - The company reported a net cash flow from operating activities of -CNY 1.67 billion for the first nine months[7] - Total operating revenue for Q3 2020 was approximately ¥2.12 billion, a decrease of 25.2% compared to ¥2.83 billion in Q3 2019[38] - Net profit for Q3 2020 was approximately ¥142.90 million, a decrease of 11.6% compared to ¥161.72 million in Q3 2019[39] - The company reported a total profit of approximately -¥26.94 million in Q3 2020, compared to a profit of ¥221.43 million in Q3 2019[39] - The net profit for the first three quarters of 2020 was CNY 298,041,388.65, compared to CNY 230,330,502.93 in the same period of 2019, indicating a growth of about 29.4%[44] Assets and Liabilities - Total assets increased by 20.96% to CNY 87.71 billion compared to the end of the previous year[7] - Current liabilities rose to CNY 62.09 billion, compared to CNY 49.99 billion in the previous year, marking an increase of approximately 24.3%[32] - Total liabilities reached CNY 72.06 billion, up from CNY 57.46 billion, indicating a growth of around 25.5% year-over-year[32] - Owner's equity increased to CNY 15.65 billion, compared to CNY 15.05 billion, reflecting a growth of about 4%[32] - Cash and cash equivalents decreased to CNY 330.18 million from CNY 867.97 million, a decline of approximately 62%[33] - The company reported a significant increase in short-term borrowings, which rose to CNY 4.47 billion from CNY 2.01 billion, an increase of approximately 122.4%[32] Investments and Projects - The company holds a total land reserve of 1,464,529 square meters, with a planned construction area of 3,413,055 square meters[11] - Total investment in ongoing projects in Wuhan is approximately ¥99.62 billion, with a current investment of ¥6.65 billion[13] - The ongoing project in Hangzhou, Jiuzhangfu, has a total area of 377,488 square meters, with an investment of ¥58.31 billion[13] - The completed project in Wuhan, Yicheng Qingshui Ecological Residential, has a total investment of ¥26.20 billion and a completed area of 377,481 square meters[13] - The company has 7,150,520 square meters of residential and commercial projects under construction, indicating significant ongoing development activity[15] Shareholder Information - The top shareholder, Chongqing Dongyin Holding Group, holds 34.54% of shares, totaling 885,737,591 shares[20] - The second-largest shareholder, Zhao Jiehong, holds 4.43% of shares, totaling 113,712,692 shares[20] - The company has a total of 77,896 shareholders as of the reporting period[19] Cash Flow and Financing Activities - Cash received from investment activities increased to ¥4,171,729,125.40, a 142.95% rise from ¥1,717,105,179.87[23] - Cash paid for operating activities increased significantly due to higher land guarantee payments[24] - Cash inflow from investment activities totaled 392,748,388.25 RMB, significantly down from 1,004,559,781.01 RMB year-over-year[48] - The cash flow from financing activities generated a net inflow of CNY 1,975,946,762.79, compared to CNY 873,857,126.50 in the same period of 2019, showing a significant increase[46] Changes in Accounting Standards - The company has implemented new revenue and leasing standards, which are not expected to have a significant impact on financial results[55] - Prepayments decreased by 99.10%, dropping to ¥237,592,847.20 from ¥26,499,599,134.91 due to the implementation of new revenue standards[22]