EBJB(SH:600622)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,100,544,209.05, representing a year-on-year increase of 0.28%[5] - The net profit attributable to shareholders for Q3 2021 was ¥77,512,170.51, a decrease of 60.03% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥67,535,012.83, down 67.04% year-on-year[5] - The basic earnings per share for Q3 2021 was ¥0.05, a decrease of 58.33% compared to the same period last year[6] - The company's net profit for the year-to-date period decreased by 41.99% to ¥172,783,748.97 compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 was CNY 2,394,349,268.76, a decrease of 20.7% compared to CNY 3,021,780,497.50 in the same period of 2020[29] - Net profit for the first three quarters of 2021 was CNY 73,225,778.07, down 78.3% from CNY 337,719,200.19 in the previous year[29] - Operating profit for the first three quarters of 2021 was CNY 159,644,402.11, a decline of 71.8% compared to CNY 565,995,743.05 in 2020[29] - The company recorded a total comprehensive income of CNY 76,473,574.90 for the third quarter of 2021, a decrease from CNY 316,389,624.45 in the previous year[30] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period increased by 241.41% to ¥3,141,599,667.57[10] - Cash flow from operating activities for the first three quarters of 2021 was CNY 3,141,599,667.57, significantly up from CNY 920,195,281.01 in the same period of 2020[33] - Cash and cash equivalents at the end of the third quarter of 2021 totaled CNY 4,522,890,082.51, an increase from CNY 2,759,459,026.08 at the end of the same period in 2020[34] - The company's cash and cash equivalents increased to RMB 4.53 billion from RMB 3.50 billion at the end of 2020, reflecting a growth of approximately 29.7%[25] - Total current assets amounted to approximately CNY 14.61 billion as of December 31, 2020[36] - Non-current assets totaled approximately CNY 19.27 billion, with long-term equity investments at CNY 5.59 billion[37] - The company maintained a strong cash position with monetary funds of approximately CNY 3.50 billion[36] Assets and Liabilities - The total assets as of the end of Q3 2021 were ¥35,706,908,393.52, an increase of 5.40% from the end of the previous year[6] - The total assets of the company reached RMB 35.71 billion, up from RMB 33.88 billion at the end of 2020, indicating an increase of about 5.4%[27] - The total liabilities increased to RMB 25.83 billion from RMB 23.93 billion, representing a rise of approximately 7.9%[27] - The company's investment properties increased significantly to RMB 88.69 billion from RMB 59.47 billion, marking a growth of approximately 48.9%[26] - The total equity attributable to shareholders rose to RMB 6.86 billion from RMB 6.68 billion, reflecting an increase of about 2.6%[27] - The company reported a decrease in inventory from RMB 8.99 billion to RMB 7.27 billion, a decline of approximately 19.1%[26] - The company reported a significant increase in contract liabilities, totaling CNY 3.55 billion[37] Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,797[12] - The largest shareholder, Beijing Guangkong Anyu Investment Center, holds 211,454,671 shares, representing 14.10% of total shares[12] Financing and Investment - The company plans to issue project revenue notes totaling up to RMB 1.7 billion to optimize its debt structure[14] - Financing for the Chongqing Chaotianmen project amounts to a total of RMB 3.4 billion, including a bank loan of RMB 1.7 billion[15] - The company has signed a loan agreement for RMB 1.25 billion with Standard Chartered Bank, with a borrowing term of 3 years[15] - The company will provide financial assistance to its subsidiary, Jia Bao Lian You, up to RMB 800 million, with an interest rate of 0%[18] Real Estate Development - The decrease in operating revenue and net profit was primarily attributed to reduced income from real estate development and investment activities[10] - The real estate development business includes projects with a total planned investment of RMB 266.1 million in Shanghai and RMB 185.7 million in Kunshan[20] - In the third quarter, the sales area for the "Dream Spring" project in Jiading reached 30,371.67 square meters[20] - Cumulative sales area for the "Dream Spring" project in Kunshan is 142,798.60 square meters, with a recognized area of 81,828.80 square meters[20] - The company aims to expand its real estate investment projects and enhance its asset management capabilities in the future[21] Asset Management - The real estate asset management business generated revenue of RMB 429.95 million, with management and consulting service fees contributing RMB 315.17 million and other income RMB 114.78 million[21] - As of September 30, 2021, the total managed projects under the Everbright Anshi platform amounted to 37, with a total management scale of RMB 46.11 billion, despite a decrease of RMB 1.54 billion due to the exit of 4 investment projects[21] Future Outlook - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[39] - Future outlook includes strategic plans for market expansion and potential mergers and acquisitions to drive growth[39]