GZPR(SH:600684)2020-10-28 16:00Financial Performance - Revenue for the first nine months was CNY 1.98 billion, down 4.98% from the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 13.13 million, a decline of 128.36% year-on-year[6]. - Basic and diluted earnings per share were both CNY -0.02, a decrease of 140% compared to CNY 0.05 in the previous year[6]. - Total operating revenue for Q3 2020 was approximately $520.38 million, a decrease of 36.0% compared to $813.18 million in Q3 2019[34]. - The net profit for Q3 2020 was approximately -$10.31 million, compared to a net profit of $5.99 million in Q3 2019, indicating a significant decline[35]. - The total profit for Q3 2020 was approximately $3.75 million, down from $16.24 million in Q3 2019, representing a decrease of 76.0%[35]. - The company reported a total comprehensive income of approximately -$10.31 million for Q3 2020, compared to $5.99 million in Q3 2019[36]. Assets and Liabilities - Total assets increased by 10.94% to CNY 26.30 billion compared to the end of the previous year[6]. - The company's total equity decreased to CNY 3,555,299,895.08 from CNY 4,289,093,914.07, reflecting a decline of approximately 17.1%[30]. - The company's current liabilities rose to 16,242,218,234.32 yuan from 10,714,311,244.22 yuan in the previous year[27]. - Total liabilities increased to CNY 22,748,158,619.08 from CNY 19,421,130,117.37, marking an increase of about 11.97%[30]. - The total current liabilities surged to CNY 5,825,532,281.34 from CNY 2,142,262,007.66, an increase of about 171.5%[31]. - The company reported a significant increase in other receivables, which rose to CNY 4,054,640,428.28 from CNY 2,267,552,910.18, a growth of approximately 78.7%[30]. Cash Flow - Operating cash flow turned negative with a net outflow of CNY 835.35 million, a decrease of 204.43% year-on-year[6]. - Net cash flow from operating activities decreased by 204.43% compared to the same period last year, mainly due to increased expenditures on construction projects and land bidding deposits[13]. - The cash flow from financing activities included 1,300,000,000.00 RMB received from other financing activities, which was not present in the previous year[45]. - The company experienced a net cash flow from financing activities of 759,416,171.24 RMB, a turnaround from -487,353,802.77 RMB in the previous year[45]. Shareholder Information - The total number of shareholders reached 40,411 by the end of the reporting period[10]. - The largest shareholder, Guangzhou Zhujiang Industrial Group Co., Ltd., holds 31.10% of the shares[10]. Expenses and Income - Sales expenses increased by 73.38% compared to the same period last year, mainly due to the launch of multiple new projects[11]. - Other income increased by 1,513.22% compared to the same period last year, primarily due to government subsidies received during the period[11]. - Investment income increased by 37.00% compared to the same period last year, mainly due to dividends received and the disposal of trading financial assets[11]. - The company incurred tax expenses of approximately $14.06 million in Q3 2020, compared to $10.25 million in Q3 2019, reflecting a 37.5% increase[35]. Litigation and Other Matters - The company is currently involved in litigation with a claimed amount of ¥486,940,947.14, which is under trial[12]. - Long-term deferred expenses increased by 943.63% compared to the end of the previous year, mainly due to increased marketing center renovation costs[11].