GHWL(SH:600603)2020-10-22 16:00Financial Performance - Net profit attributable to shareholders was CNY 335,317,829.25, representing an 18.34% increase year-on-year[19] - Operating revenue for the first nine months reached CNY 1,625,342,859.76, a 37.77% increase from the same period last year[19] - The net profit after deducting non-recurring gains and losses was CNY 340,605,491.55, up 22.58% year-on-year[19] - Basic and diluted earnings per share were both CNY 0.28, reflecting a 21.74% increase compared to the previous year[19] - Total operating revenue for Q3 2020 was CNY 350,712,426.90, a decrease of 14.6% compared to CNY 410,463,891.56 in Q3 2019[56] - Net profit for Q3 2020 was CNY 60,239,390.20, a decline of 26.0% from CNY 81,405,147.82 in Q3 2019[63] - The company reported a total of CNY 3,817,955,733.28 in undistributed profits, down from CNY 4,065,354,605.09, a decrease of approximately 6.1%[48] Assets and Liabilities - Total assets increased by 12.09% to CNY 18,043,300,717.19 compared to the end of the previous year[19] - Current assets totaled CNY 11,680,188,513.43, compared to CNY 9,933,364,780.29, reflecting an increase of about 17.6%[50] - Total liabilities reached CNY 11,420,327,913.45, up from CNY 9,315,682,689.99, indicating a growth of around 22.5%[50] - Total current liabilities were CNY 9,100,874,687.73, compared to CNY 6,579,308,800.66, reflecting an increase of about 38.5%[48] - Short-term borrowings increased by 66.67% to ¥87,125,729.58, attributed to the increase in bank loans during the period[28] - The total liabilities reached ¥9,315,682,689.99, showing no variation from the previous reporting period[85] Cash Flow - The net cash flow from operating activities was CNY 1,010,686,821.04, up 8.92% year-on-year[19] - Cash flow from operating activities for the first three quarters of 2020 was significantly improved compared to the previous year, indicating a positive trend in operational efficiency[80] - The total cash inflow from investment activities in the first three quarters of 2020 was 2,044,478,744.98, down from 3,796,603,942.44 in the same period of 2019, showing a decrease of approximately 46.2%[75] - The total cash inflow from financing activities was 5,750,710,501.72, while cash outflow reached 7,095,349,414.22, leading to a net cash flow of -1,344,638,912.50 from financing activities[80] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,923[21] - The largest shareholder, Xinjiang Guanghui Industrial Investment (Group) Co., Ltd., held 43.06% of the shares, with 290,630,000 shares pledged[21] - As of May 9, 2020, the company has repurchased a total of 69,349,270 shares, accounting for 5.52% of the total share capital, with a total payment of CNY 361 million[32] - The company distributed a cash dividend of CNY 0.5 per share for the 2019 profit distribution plan, with the employee stock ownership plan receiving CNY 3.93 million in cash dividends[37] Operational Highlights - The company's operating costs increased by 71.85% to ¥890,471,135.68, primarily due to the increase in recognized revenue from real estate projects[28] - The company’s minority interest profit increased significantly by 1544.70% to ¥25,903,511.11, due to improved profitability of non-wholly-owned subsidiaries[28] - The company has a total of 54,327.56 square meters of land in Urumqi High-tech Zone, with a planned construction area of 15,517.30 square meters, involving a cooperative development project with a 60% equity share[31] Future Outlook - Future outlook includes potential market expansion and new product development, although specific details were not disclosed in the report[60] - The company is focusing on cost reduction strategies, as indicated by the significant decrease in operating costs[56]