EBJB(SH:600622)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥2,294,875,666.19, representing a 72.15% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2023 was -¥187,518,952.26, a decrease of 3,198.83% year-on-year[3]. - The basic earnings per share for Q3 2023 was -¥0.12, compared to -¥0.35 for the same period last year, reflecting a 975.00% decline[4]. - The net profit attributable to shareholders for the year-to-date period was -¥528,640,676.16, a decrease of 966.74% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2023 was approximately ¥3.48 billion, a decrease of 23.4% compared to ¥4.54 billion in the same period of 2022[29]. - Net profit for the first three quarters of 2023 was a loss of approximately ¥594.88 million, compared to a profit of ¥186.95 million in the same period of 2022[30]. - Basic and diluted earnings per share for the third quarter of 2023 were both -¥0.35, compared to ¥0.04 in the same period of 2022[31]. - The company incurred financial expenses of approximately ¥474.14 million in the first three quarters of 2023, an increase from ¥453.72 million in the same period of 2022[29]. - The company reported an investment loss of approximately ¥488.57 million for the first three quarters of 2023, compared to a gain of ¥11.27 million in the same period of 2022[29]. Assets and Liabilities - The total assets at the end of Q3 2023 were ¥26,997,776,302.06, a decrease of 10.90% from the end of the previous year[4]. - The total current assets as of September 30, 2023, amounted to RMB 64.136 billion, down from RMB 87.080 billion at the end of 2022[26]. - The company's total assets decreased to RMB 26.998 billion from RMB 30.301 billion at the end of 2022[28]. - The total liabilities as of September 30, 2023, were RMB 18.636 billion, down from RMB 21.194 billion at the end of 2022[28]. - The equity attributable to shareholders decreased to RMB 6.520 billion from RMB 7.045 billion at the end of 2022[28]. - The company reported a decrease in inventory from RMB 39.096 billion at the end of 2022 to RMB 21.912 billion as of September 30, 2023[26]. Cash Flow and Financing - The net cash flow from operating activities for the year-to-date period was ¥241,706,197.76, with a year-on-year increase of ¥275,590,000[8]. - The net cash flow from operating activities for the first three quarters of 2023 was approximately ¥241.71 million, a significant improvement from a negative cash flow of ¥33.89 million in the same period of 2022[32]. - Cash and cash equivalents at the end of the third quarter of 2023 were approximately ¥2.67 billion, down from ¥4.20 billion at the end of the same period in 2022[33]. - The company reported an investment activity cash flow net of approximately ¥308.00 million for the first three quarters of 2023, compared to a negative cash flow of ¥770.42 million in the same period of 2022[33]. - The company is seeking to expand its financing channels through the issuance of debt instruments, which is crucial for its operational growth[14]. - The company plans to register and issue non-financial corporate debt financing tools totaling up to RMB 2.3 billion to optimize its debt structure[14]. - The company has signed a supplementary agreement for the extension of a financial assistance of RMB 1 billion from its controlling shareholder, which is subject to shareholder approval[17]. - The company has returned RMB 53 million of the principal and interest on a financial assistance loan of RMB 1.053 billion that matured on October 19, 2023[16]. Real Estate and Project Management - The company accelerated the liquidation of non-holding apartments to improve cash flow amid a challenging real estate market[8]. - The company plans to continue focusing on real estate development and enhancing cash flow management strategies in the upcoming quarters[8]. - The company received a notification from its subsidiary regarding the property distribution plan related to the investment project, indicating ongoing discussions with partners[13]. - The company is in discussions to resolve issues related to the property distribution plan with its partner, indicating active project management[13]. - As of September 30, 2023, the company's real estate asset management business managed a total of 56 projects, an increase of 3 projects since the beginning of the year[19]. - The total managed fund size decreased to RMB 30.011 billion, down RMB 4.001 billion from the beginning of the year[20]. - The total managed asset size was RMB 52.362 billion, a decrease of RMB 1.842 billion compared to the beginning of the year[20]. - The company's real estate asset management business generated total revenue of RMB 297.9868 million from January to September 2023, with management and consulting service fees contributing RMB 174.3615 million[21]. - The company has 7 consulting service projects as of September 30, 2023, an increase from 4 projects in the same period last year[20]. Shareholder Information - The top shareholder, Beijing Guangkong Anyu Investment Center, holds 211,454,671 shares, accounting for 14.10% of total shares[10]. - The company’s major shareholders include state-owned entities, with the top three shareholders collectively holding approximately 34.77% of the shares[10]. Accounting and Reporting - The company has adopted new accounting standards starting in 2023, which may affect the financial statements for the year[35]. - The board of directors announced the report on October 27, 2023, indicating a formal communication of financial results[36].