BEH-P(SH:600791)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 182.31 million, a decrease of 8.01% compared to CNY 198.03 million in the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 38.13 million, compared to a loss of CNY 31.42 million in the same period last year, indicating a worsening performance[5]. - The basic earnings per share for the year-to-date was a loss of CNY 0.15, compared to a loss of CNY 0.06 in the same period last year[11]. - The company's net profit for the first three quarters of 2022 was a loss of CNY 45,058,962.92, compared to a profit of CNY 46,910,411.14 in the same period of 2021[29]. - The net profit attributable to the parent company was -68,481,450.54 RMB, compared to -31,826,135.40 RMB in the same period last year, indicating a significant increase in losses[31]. - The basic earnings per share (EPS) was -0.15 RMB, compared to -0.07 RMB in the previous year, reflecting a worsening financial performance[31]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was a negative CNY 2.09 billion, a significant decrease compared to a positive CNY 2.08 billion in the same period last year, reflecting cash flow challenges[11]. - Cash flow from operating activities showed a net outflow of -2,094,097,811.65 RMB, a stark contrast to a net inflow of 2,029,762,721.01 RMB in the same period last year[33]. - The total cash outflow from operating activities was 5,489,833,338.77 RMB, compared to 1,989,435,086.98 RMB in the same period last year, indicating increased operational expenditures[32]. - The company's cash and cash equivalents as of September 30, 2022, were CNY 1,793,011,542.81, down from CNY 2,495,137,067.07 at the end of 2021, a decrease of about 28.2%[24]. - The company reported cash and cash equivalents at the end of the period amounting to 1,732,429,908.33 RMB, down from 2,259,010,770.51 RMB at the end of the previous year[33]. - Operating cash inflows totaled 3,395,735,527.12 RMB, a decrease from 4,019,197,807.99 RMB year-over-year[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 24.20 billion, an increase of 13.58% from CNY 21.31 billion at the end of the previous year[6]. - The total liabilities of the company as of September 30, 2022, were CNY 18,626,756,120.00, compared to CNY 17,081,326,983.72 at the end of 2021, representing an increase of approximately 9.1%[26]. - The company's total equity as of September 30, 2022, was CNY 5,576,311,105.51, compared to CNY 4,227,984,397.30 at the end of 2021, indicating a growth of about 31.9%[26]. - The company's inventory as of September 30, 2022, was CNY 20,311,141,113.84, an increase from CNY 16,804,224,554.58 at the end of 2021, indicating a growth of approximately 20.8%[24]. - The company's accounts payable as of September 30, 2022, were CNY 925,384,104.42, compared to CNY 832,810,170.89 at the end of 2021, reflecting an increase of about 11.1%[25]. - The company's long-term borrowings as of September 30, 2022, were CNY 4,363,850,570.73, up from CNY 2,515,763,061.66 at the end of 2021, representing an increase of approximately 73.3%[26]. Operational Highlights - The company reported a 39.05% increase in costs year-on-year, contributing to the decline in net profit[11]. - Sales expenses increased by 68.71% year-on-year, further impacting profitability[11]. - The company’s real estate development and operation situation shows a significant decrease in signed area and amount compared to previous periods[19]. - The company completed the acquisition of Beijing Lifu in Q4 2021, which may influence future performance and market positioning[6]. - The company is focusing on expanding its land reserves, which has led to increased cash outflows for land payments[11]. - The company’s subsidiaries have newly started construction on an area of 208,500 square meters and completed construction on an area of 43,500 square meters from January to September 2022[19]. - The company added land reserves of 31,800 square meters and new real estate reserve construction area of 76,600 square meters during the same period[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,195[14]. - Beijing Energy Group Co., Ltd. holds 204,983,645 shares, accounting for 45.26% of the total shares[14]. - The top ten shareholders include various state-owned and individual investors, with the largest shareholder being a state-owned entity[14]. - The company has not disclosed whether there are any related relationships among the top shareholders[15]. Financing Activities - The company approved a proposal for "sale-leaseback" business with Beijing Jingneng Financing Leasing Co., Ltd.[16]. - The company plans to apply for shareholder loans from Beijing Energy Group Co., Ltd.[16]. - The company has approved the transfer of assets related to Tianchuang Technology Building[17]. - Total cash inflow from financing activities was 6,339,940,201.26 RMB, up from 2,219,180,083.82 RMB in the previous year, indicating increased financing efforts[33]. - The company raised 295,000,000.00 RMB from new investments, indicating ongoing efforts to attract capital[33].