DIMA(SH:600565)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥9,089,724,563.59, representing an increase of 81.18% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was ¥6,766,196.74, a decrease of 86.49% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥29,156,259.75, with a year-to-date increase of 142.66%[5] - The weighted average return on equity for Q3 2022 was 0.09%, a decrease of 0.38 percentage points compared to the previous year[6] - The company reported a net cash flow from operating activities of ¥1,429,917,653.07 for the year-to-date period[5] - The company reported a total of 1,439 units sold in Ningbo, with a revenue of 550 million[18] - In Nanjing, the company achieved sales of 26,665 units, generating a revenue of 9,931 million[18] - The total revenue from the Wuhan region reached 100,236 million, with 23,835 units sold[19] - The company recorded a significant revenue of 132,981 million from the Chongqing region, with 39 units sold[19] - In Zhengzhou, the company reported sales of 71,021 units, resulting in a revenue of 40,447 million[19] - The company's total revenue for the first three quarters of 2022 was approximately 19.308 billion yuan, compared to approximately 11.248 billion yuan for the same period in 2021[34] - The total operating costs for the first three quarters of 2022 were approximately 17.255 billion yuan, up from approximately 10.830 billion yuan in the same period of 2021[34] - The net profit for Q3 2022 was CNY 1,361,409,471.36, a significant increase from CNY 562,331,418.04 in Q3 2021, representing a year-over-year growth of approximately 142.4%[35] - The operating profit for Q3 2022 was CNY 2,110,105,720.98, compared to CNY 651,413,500.04 in Q3 2021, reflecting an increase of approximately 224.5%[35] - The total comprehensive income for Q3 2022 was CNY 1,346,268,060.76, compared to CNY 551,225,763.13 in Q3 2021, marking an increase of approximately 144.4%[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥77,453,330,123.59, reflecting a decrease of 9.81% from the end of the previous year[6] - Long-term borrowings decreased by 27.69% due to reclassification of short-term liabilities[21] - As of the end of the reporting period, the company's asset-liability ratio was 75.73%, with interest-bearing liabilities totaling approximately 15.732 billion yuan, of which about 6.929 billion yuan is due within one year[27] - The total current assets decreased from approximately 72.621 billion yuan at the end of 2021 to approximately 65.005 billion yuan as of September 30, 2022[30] - The total liabilities decreased from approximately 68.466 billion yuan at the end of 2021 to approximately 58.652 billion yuan as of September 30, 2022[32] Project Development - The total area of land held for development was 1,008,895 square meters, with significant portions in cities like Chongqing and Zhengzhou[9] - The company has ongoing cooperative development projects with equity stakes exceeding 90% in several locations, indicating strong market expansion potential[9] - The company completed 20 projects during the reporting period, with a total investment of approximately 1.2 billion yuan[11] - The total construction area of completed projects reached 2,200,000 square meters, with an actual investment of 0.5 billion yuan in the reporting period[12] - The company has 10 ongoing projects in Nanjing, with a total planned construction area of 1,000,000 square meters and an investment of 100 million yuan in the reporting period[12] - The completed project "东原乐见城" in Wuhan has a total construction area of 588,335 square meters and an investment of 44.53 million yuan[12] - The company reported a total of 1.5 billion yuan in investments across all projects, with 0.3 billion yuan invested in the last quarter[11] - The project "南京印长江" has a planned construction area of 67,012 square meters and an investment of 19.61 million yuan[12] - The company is expanding its market presence with new projects in Hangzhou, totaling 377,488 square meters in construction area[12] - The ongoing project "姑苏印长江" in Suzhou has a total planned area of 61,819 square meters and an investment of 14.37 million yuan[11] - The company has a total of 5 ongoing projects in South China, with a combined investment of approximately 50 million yuan[11] - The completed project "长江熙岸" in Ma'anshan has a total construction area of 256,608 square meters and an investment of 10.05 million yuan[12] - The company reported a total of 1,091,078 square meters in ongoing projects in Xiangyang, with a completion rate of 48.75%[50] - In Zhengzhou, the ongoing project "Yuecheng" has a total area of 958,630 square meters, with 67.30% completed[52] - The ongoing project "Jiangshan Yue" in Chongqing has a total area of 929,137 square meters, with 68.80% completed[62] - The company has completed the "Jia Yue Bay" project in Chongqing, totaling 670,127 square meters[58] - The ongoing project "Kunming Qicheng" has a total area of 771,464 square meters, with 56.16% completed[79] - The company reported a total of 373,632 square meters in ongoing projects in Wuhan's "Wuhan Langyue" project, with a completion rate of 23.61%[42] - The ongoing project "Tianyi" in Wuhan has a total area of 261,990 square meters, with 21.48% completed[43] - The ongoing project "Chongqing Yinyang" has a total area of 111,763 square meters, with 9.75% completed[75] - The company reported a total of 635,733 square meters in ongoing projects in Guiyang, with a completion rate of 26.76%[81] - The total area of ongoing and completed projects reached 27,687,923 square meters, with a total revenue of 10,027,391 thousand yuan recognized during the reporting period[16] - The company reported a significant increase in the area of ongoing projects, with 8,674,299 square meters currently under development[16] - The project "宜宾观天" in Yibin has a total area of 734,598 square meters, with 321,759 square meters completed and a revenue contribution of 36.85%[16] - The "西安阅境" project in Xi'an has a total area of 327,404 square meters, with 139,220 square meters completed, contributing 24.87% to revenue[16] - The "玖城阅" project in Weinan has a total area of 469,930 square meters, with 299,844 square meters completed, contributing 21.74% to revenue[16] - The company has multiple projects in Chengdu, with "金马湖壹" and "西岸" contributing significantly to the overall performance, with areas of 358,691 and 557,965 square meters respectively[16] - The completed project "佛山印阅" in Foshan has a total area of 46,057 square meters, contributing 4.43% to revenue[16] - The company is expanding its market presence with ongoing projects in major cities such as Shanghai, Suzhou, and Guangzhou, indicating a strategic focus on urban development[17] - The total area of completed projects in the report includes various residential and commercial developments, showcasing a diverse portfolio[16] - The company aims to enhance its revenue through strategic project completions and ongoing developments across key regions[17] Costs and Expenses - Operating costs rose by 62.70%, primarily attributed to the increased scale of completed deliveries and cost recognition[21] - Tax expenses surged by 514.64%, driven by the increased delivery scale and corresponding value-added tax from project completions[21] - The company incurred tax expenses of CNY 744,600,530.07 in Q3 2022, significantly higher than CNY 82,161,192.87 in Q3 2021, indicating an increase of about 807.5%[35] - The company reported a significant increase in income tax expenses by 806.27%, correlating with the rise in total profit[21] - The company reported a decrease in sales expenses to CNY 717,222,816.76 in Q3 2022 from CNY 691,021,673.65 in Q3 2021, reflecting a slight increase of about 3.7%[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 69,673[23] - The largest shareholder, Chongqing Dongyin Holding Group Co., Ltd., holds 885,737,591 shares, accounting for 35.55% of total shares[23] Legal and Compliance - The company faced approximately 862 million yuan in new litigation and arbitration claims over the past 12 months, representing 10% of the latest audited net assets[25] - The company recognized an estimated loss of approximately 29 million yuan for pending litigation during the reporting period[26] - Inventory impairment provision was approximately 123 million yuan at the end of the reporting period, reflecting the impact of the real estate market downturn[26] - The company provided guarantees of approximately 14.499 billion yuan for subsidiaries and approximately 3.429 billion yuan for joint ventures, all within authorized limits[26] - The company will continue to monitor risks related to guarantees and the operational status of partners, ensuring compliance with accounting standards for impairment provisions[26] Cash Flow and Financing - Cash received from sales of goods and services decreased by 43.27%, mainly due to reduced cash inflows from real estate project sales[21] - The net cash flow from investment activities was $503.64 million, a significant increase from $206.28 million in the previous year[39] - Total cash inflow from financing activities reached $3.82 billion, compared to $17.89 billion in the same quarter last year[39] - The net cash outflow from financing activities was -$3.56 billion, contrasting with a net inflow of $3.17 billion in the previous year[39] - The total cash and cash equivalents at the end of the period amounted to $2.87 billion, down from $4.60 billion year-over-year[39] - Cash received from investment activities totaled $1.01 billion, a decrease from $4.46 billion in the same quarter last year[39] - Cash paid for investment activities was $506.36 million, compared to $4.25 billion in the previous year[39] - Cash received from borrowings was $3.17 billion, down from $13.17 billion year-over-year[39] - Cash paid for debt repayment was $5.90 billion, compared to $8.33 billion in the same quarter last year[39] - The company reported cash received from minority shareholders' investments of $164.98 million, consistent with the previous year's figure[39] Strategic Initiatives - The company plans to expand its market presence with new residential and commercial projects across various cities[19] - The company is focusing on the development of new technologies to enhance customer experience and operational efficiency[19] - The company aims to increase its market share through strategic acquisitions and partnerships in key regions[19] - The company has set ambitious performance guidance for the next quarter, targeting a revenue growth of 15%[19] - The company is committed to sustainability initiatives in its new projects, aiming to reduce environmental impact[19] Accounting Standards - The company did not apply new accounting standards for the current reporting period[40]