TANDE(SH:600665)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 373,417,440.60, a decrease of 54.66% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was a loss of CNY 24,488,547.56, down 141.52% year-on-year[4]. - The net profit attributable to shareholders for the year-to-date period was CNY 3,710,635.94, a decrease of 94.53% compared to the same period last year[4]. - The basic earnings per share for Q3 2023 was CNY -0.0283, a decrease of 141.52% year-on-year[4]. - Net profit for Q3 2023 was ¥12,257,063.56, a decrease of 94.2% from ¥212,098,363.00 in Q3 2022[19]. - Basic earnings per share for Q3 2023 were ¥0.0043, down from ¥0.0785 in Q3 2022, reflecting a significant decline[19]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -675,931,703.47, a decline of 154.60% compared to the previous year[4]. - The net cash flow from operating activities for the first three quarters of 2023 was -¥675,931,703.47, compared to ¥1,237,906,617.19 in the same period of 2022[21]. - The total cash inflow from operating activities decreased to ¥7,856,910,474.92 in 2023 from ¥9,503,292,180.84 in 2022, a decline of 17.3%[21]. - The net cash flow from investment activities was -284,111,904.56, compared to -26,537,668.05 in the previous year, indicating a significant increase in cash outflow[22]. - The net cash flow from financing activities was 864,427,767.70, a turnaround from -2,281,709,499.68 in the previous year, showing improved financial health[22]. - The total cash outflow from financing activities was 7,328,759,949.41, down from 9,691,524,133.58 year-over-year, indicating improved cash management[22]. Assets and Liabilities - Total assets at the end of Q3 2023 were CNY 40,983,379,286.12, an increase of 1.68% from the end of the previous year[5]. - As of September 30, 2023, the total assets of the company amounted to RMB 40,983,379,286.12, an increase from RMB 40,308,112,494.37 at the end of 2022, reflecting a growth of approximately 1.67%[14]. - The company's current assets totaled RMB 39,152,966,521.49, compared to RMB 38,525,254,608.45 at the end of 2022, indicating an increase of about 1.63%[15]. - Total liabilities as of September 30, 2023, were RMB 35,949,985,456.63, compared to RMB 35,180,050,876.29 at the end of 2022, reflecting an increase of approximately 2.19%[16]. - The total equity attributable to shareholders was RMB 4,288,789,459.88, a decrease from RMB 4,387,954,678.61 at the end of 2022, indicating a decline of about 2.26%[17]. Operational Highlights - The company reported a decrease in the area of completed housing projects contributing to revenue, impacting overall performance[8]. - The company received government subsidies amounting to CNY 1,101,381.53 during the quarter[7]. - The total number of ordinary shareholders at the end of the reporting period was 33,884[10]. - Accounts receivable rose to RMB 94,244,545.34, up from RMB 65,905,596.15, representing a significant increase of approximately 43%[15]. - The company's inventory increased to RMB 29,930,798,484.46 from RMB 28,891,597,275.62, marking a growth of about 3.6%[15]. - The company's short-term borrowings amounted to RMB 100,000,000.00, with no previous short-term borrowings reported[16]. Expenses - Total operating costs for the first three quarters of 2023 were ¥5,148,355,243.90, up 40.0% from ¥3,670,979,980.90 in the previous year[18]. - The company reported a decrease in sales expenses to ¥146,285,056.48 in 2023 from ¥172,197,658.71 in 2022, reflecting a reduction of 15.0%[18]. - The company’s financial expenses increased to ¥77,956,977.26 in 2023 from ¥41,624,559.42 in 2022, indicating a rise of 87.0%[18]. - The company reported a decrease in employee compensation payable to RMB 100,289,548.92 from RMB 208,157,926.65, a reduction of approximately 51.9%[16]. - Research and development expenses were not explicitly reported, indicating a potential area for further investment focus[18]. Investment Activities - The cash inflow from investment activities was 29,254,198.94, compared to 14,582,752.84 in the previous year, indicating increased investment activity[22]. - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was 1,503,580.30, significantly lower than 5,134,420.89 in the previous year[22]. - The company received cash from borrowings amounting to 6,318,011,017.11, compared to 7,378,314,633.90 in the previous year, indicating a decrease in new debt[22]. - Cash paid for debt repayment was 5,254,230,121.34, down from 8,640,910,586.67 year-over-year, reflecting a reduction in debt servicing[22].