绿地控股(600606) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥101,226,982,790.99, representing a decrease of 29.74% compared to the same period last year[5]. - The net profit attributable to shareholders for the same period was ¥2,746,858,201.28, down 6.29% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,929,858,078.79, a decrease of 0.78% compared to the previous year[5]. - The basic earnings per share for the year-to-date was ¥0.49, down 37.97% compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2022 was approximately RMB 306.05 billion, a decrease of 28.3% compared to RMB 427.12 billion in the same period of 2021[21]. - Net profit for the third quarter of 2022 was approximately RMB 9.82 billion, down 35.1% from RMB 15.14 billion in the third quarter of 2021[22]. - Operating profit for the first three quarters of 2022 was approximately RMB 14.14 billion, a decline of 37.0% compared to RMB 22.38 billion in the same period of 2021[22]. - Total comprehensive income for the third quarter of 2022 was approximately RMB 8.52 billion, a decrease of 44.3% from RMB 15.34 billion in the third quarter of 2021[23]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥19,980,447,662.74, reflecting a significant decline of 59.27%[5]. - Cash flow from operating activities for the first three quarters of 2022 was approximately RMB 19.98 billion, down 59.2% from RMB 49.05 billion in the same period of 2021[24]. - As of September 30, 2022, total current assets decreased to ¥1,171.36 billion from ¥1,290.53 billion as of December 31, 2021, representing a decline of approximately 9.2%[17]. - Cash and cash equivalents decreased to ¥61.36 billion from ¥82.70 billion, a reduction of about 25.7%[17]. - The net cash flow from investing activities was -2.80 billion, compared to -7.39 billion in the previous year, indicating an improvement[25]. - The net cash flow from financing activities was -33.99 billion, a decrease from -68.86 billion year-over-year, showing a significant reduction in cash outflow[25]. - The total current assets decreased from 5.01 billion to 1.46 billion, a drop of about 70.8%[27]. - The cash inflow from financing activities was 51.30 billion, compared to 85.08 billion in the previous year, reflecting a decrease of about 39.7%[25]. Liabilities and Equity - Total liabilities decreased to ¥1,179.58 billion from ¥1,305.22 billion, a reduction of approximately 9.6%[19]. - Long-term borrowings decreased to ¥85.35 billion from ¥105.06 billion, a decline of about 18.7%[19]. - The company’s total liabilities amounted to 2.13 billion, down from 5.63 billion, a reduction of about 62%[28]. - The company’s equity decreased slightly from 76.51 billion to 76.47 billion, a decline of approximately 0.05%[29]. - Total equity increased to ¥170.27 billion from ¥163.88 billion, reflecting an increase of approximately 3.5%[20]. Sector Performance - In Q3 2022, the company achieved a total operating revenue of RMB 305.8 billion, with the real estate sector contributing RMB 112.3 billion and the infrastructure sector contributing RMB 160 billion[12]. - The infrastructure sector generated RMB 51 billion in revenue in Q3, contributing to a total of RMB 160 billion for the first three quarters[14]. - The company reported a total profit of RMB 13.4 billion and a net profit attributable to shareholders of RMB 6.9 billion, despite a decline compared to the previous year[12]. - The company successfully completed contract sales amounting to RMB 30.8 billion in Q3, with a total of RMB 98.9 billion in contract sales for the first three quarters, and a total area sold of 932,000 square meters[12][13]. - The company delivered 6.73 million square meters of properties in Q3, bringing the total delivered for the first three quarters to 16.06 million square meters[13]. Strategic Initiatives - The company plans to expand its market presence and invest in new technologies to drive future growth[18]. - The company is focusing on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its competitive position[18]. - The company initiated a cost reduction campaign, resulting in a more efficient management of project costs[13]. - The energy sector capitalized on high coal prices, enhancing coal supply channels to ensure energy supply in Shanghai[14]. Management and Accountability - The company’s management team includes Zhang Yuliang as the responsible person and Zhang Yun as the accounting supervisor, ensuring accountability in financial reporting[32].