TANDE(SH:600665)2020-10-27 16:00Financial Performance - Operating revenue decreased by 37.62% to CNY 1,541,159,025.30 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders decreased by 46.91% to CNY 132,247,557.01 for the first nine months compared to the same period last year[6] - The company reported a basic earnings per share of CNY 0.1530, a decrease of 46.93% compared to the previous year[6] - Total operating revenue for Q3 2020 was ¥583.24 million, a decrease of 18.0% compared to ¥711.59 million in Q3 2019[31] - Net profit for Q3 2020 was ¥71.13 million, a decrease of 7.8% from ¥77.13 million in Q3 2019[32] - Total profit for the first three quarters of 2020 was ¥151.09 million, down 54.4% from ¥330.32 million in the same period of 2019[32] - Operating profit for Q3 2020 was ¥69.08 million, a decrease of 28.4% from ¥96.44 million in Q3 2019[32] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 1,187,952,513.58, compared to a negative cash flow of CNY -977,444,891.58 in the same period last year[6] - The company’s cash flow from financing activities was negative at CNY -347,034,291.59, a decrease from CNY 2,639,248,080.04 in the same period of 2019[16] - Cash flow from operating activities for the first nine months of 2020 was CNY 1,187,952,513.58, a significant improvement from a negative cash flow of CNY -977,444,891.58 in the same period of 2019[16] - The company reported a significant increase in cash received from operating activities, totaling ¥9,539,732,042.06 in Q3 2020, compared to ¥4,185,709,927.83 in Q3 2019[40] - The company’s net cash flow from financing activities in Q3 2020 was 37,868,066.28 RMB, a significant decrease from 311,425,250.06 RMB in Q3 2019[43] Assets and Liabilities - Total assets increased by 16.94% to CNY 33,857,067,523.93 compared to the end of the previous year[6] - Total liabilities increased to CNY 29,842,427,636.67 from CNY 24,933,426,319.86, reflecting a growth of approximately 19.5%[26] - Non-current liabilities rose to CNY 10,812,307,920.58, compared to CNY 9,218,057,001.52, marking an increase of about 17.3%[26] - The total assets as of Q3 2020 amounted to 28,951,651,918.77 RMB, showing a slight increase from 28,984,441,859.98 RMB at the beginning of the year[46] - The total liabilities as of Q3 2020 were 24,933,426,319.86 RMB, which is a marginal decrease from 24,941,623,805.18 RMB at the start of the year[47] Shareholder Information - The number of shareholders reached 36,023 by the end of the reporting period[10] - The largest shareholder, Xi'an High-tech Industry Development Zone Real Estate Development Co., Ltd., holds 57.52% of the shares[10] Legal Matters - The company is involved in a legal case with Tianjin Binhai Development Investment Holding Co., requiring the latter to return CNY 45,000,000 in cooperation funds[17] - A settlement agreement was reached in a legal dispute, with Tianjin Binhai required to pay a total of CNY 49,579,261.5 in installments by March 2021[18] Other Financial Metrics - Other receivables increased by 256.10% to CNY 1,449,779,300.38 due to increased project cooperation payments and land auction deposits[13] - Contract liabilities reached CNY 11,059,374,964.68 as a result of the new revenue recognition standards[13] - Long-term borrowings increased to CNY 7,317,748,000.00, up 39.68% from CNY 5,239,000,000.00 in the previous period[14] - Other income increased by 298.90% to CNY 2,013,408.78, primarily due to increased government subsidies[15] - Investment income rose significantly to CNY 2,051,995.01, a 4,733.41% increase compared to CNY 42,454.39 in the same period of 2019[15]