EBJB(SH:600622)2020-10-29 16:00Financial Performance - Revenue for the first nine months decreased by 10.19% to CNY 3.02 billion compared to the same period last year[9] - Net profit attributable to shareholders decreased by 1.66% to CNY 297.83 million compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 20.53% to CNY 294.57 million compared to the same period last year[9] - Operating revenue decreased by ¥342.87 million, a decline of 10.19% compared to the same period last year[15] - Total revenue for Q3 2020 was CNY 1,097,465,146.40, a slight increase from CNY 1,037,646,116.91 in Q3 2019, representing a growth of approximately 5.5%[41] - Net profit attributable to shareholders for Q3 2020 was CNY 126,693,748.56, compared to CNY 7,312,677.82 in Q3 2019, indicating a significant increase[41] - The total comprehensive income for Q3 2020 was approximately 193.71 million, down from 313.23 million in Q3 2019, indicating a decline of about 38.2%[43] - The total profit for Q3 2020 was approximately -41.18 million, compared to -32.61 million in Q3 2019, indicating a worsening of about 26.5%[47] - The company incurred a net loss of approximately -30.22 million in Q3 2020, compared to -23.99 million in Q3 2019, reflecting an increase in losses of about 25.5%[47] Assets and Liabilities - Total assets increased by 13.67% to CNY 32.30 billion compared to the end of the previous year[9] - Net assets attributable to shareholders increased by 3.10% to CNY 6.58 billion compared to the end of the previous year[9] - The company's total liabilities as of September 30, 2020, were RMB 22.6 billion, compared to RMB 18.9 billion at the end of 2019[35] - The company’s non-current liabilities increased significantly to RMB 13.4 billion from RMB 10.2 billion at the end of 2019, primarily due to long-term borrowings[35] - Long-term borrowings increased by ¥4.100 billion, a rise of 104.74%, due to new loans for project development[15] - The company's total assets as of September 30, 2020, amounted to CNY 11,750,004,847.95, up from CNY 11,514,469,456.17 at the end of 2019[39] - Total liabilities increased to CNY 7,812,800,530.19 as of September 30, 2020, compared to CNY 7,385,819,069.11 at the end of 2019[39] - The company's equity attributable to shareholders was CNY 3,937,204,317.76 as of September 30, 2020, down from CNY 4,128,650,387.06 at the end of 2019[39] Cash Flow - Operating cash flow net amount increased by 41.00% to CNY 920.20 million compared to the same period last year[9] - The net cash flow from operating activities for the first three quarters of 2020 was ¥920,195,281.01, an increase of 40.9% compared to ¥652,613,528.66 in the same period of 2019[49] - The cash outflow for operating activities was ¥1,995,876,238.94, down from ¥3,885,617,774.07 in the same period of 2019, indicating improved cash management[49] - Cash inflow from financing activities rose to ¥7,750,872,009.45 in 2020, up 112.5% from ¥3,654,623,001.30 in 2019[49] - The net cash flow from financing activities was ¥851,508,408.91, a turnaround from a negative cash flow of -¥319,905,748.91 in the same period last year[50] - Total cash inflow from investment activities decreased significantly to ¥1,214,224,404.89 in 2020 from ¥3,753,085,209.42 in 2019, reflecting a decline of 67.6%[49] Investments and Projects - The company added three new investment projects in the real estate asset management business, increasing the management scale by ¥9.516 billion[16] - The total area of the "Dream of Sunshine" project in Shanghai is 158,326.95 square meters, with a planned total investment of ¥2.661 billion[16] - The company has 42 projects under management in the real estate asset management sector, with a total management scale of ¥48.016 billion[16] - The company reported an investment income of approximately RMB 140 million from the revaluation of its stake in Anshi Real Estate[25] - The company reported an investment income of approximately 12.81 million in Q3 2020, compared to 11.33 million in Q3 2019, showing a growth of about 13.1%[46] Shareholder Information - The total number of shareholders reached 41,899 at the end of the reporting period[12] - The top ten shareholders hold a combined 60.00% of the shares[12] Financial Instruments and Debt Management - The company plans to register and issue project revenue notes not exceeding RMB 1.7 billion to optimize its debt structure[26] - The company intends to issue asset-backed special plans with a total scale not exceeding RMB 1.7 billion to reduce financing costs[27] - The company has received approval to register and issue directional debt financing tools not exceeding RMB 1.5 billion to broaden financing channels[28] - The company completed the acquisition of shares in Shanghai Leitai Investment Center, which is now included in the consolidated financial statements[20] - The company completed the full redemption and principal and interest payment of the 2018 third phase of non-public directional debt financing tools, totaling RMB 427.6 million[22] - The company acquired 4% equity in Shanghai Jiabao Anshi Real Estate Co., Ltd. for RMB 16 million, increasing its total stake to 51%[24]