MAOYE COMMERCIAL(SH:600828)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 325,847,798.60, down 62.57% year-on-year[18]. - Operating revenue for the first nine months was CNY 2,500,263,537.93, representing a decline of 71.13% compared to the same period last year[18]. - Basic earnings per share were CNY 0.1881, down 62.57% from the previous year[21]. - The weighted average return on net assets was 4.92%, a decrease of 9.73 percentage points compared to the previous year[21]. - Operating revenue for the period was ¥2,500,263,537.93, a decrease of 71.13% compared to ¥8,661,869,398.85 in the previous year[33]. - Operating profit for Q3 2020 was ¥120,347,707.47, down from ¥328,547,741.29 in Q3 2019, indicating a decrease of approximately 63.4%[64]. - Net profit for Q3 2020 was ¥87,351,978.49, compared to ¥250,989,333.58 in Q3 2019, representing a decline of around 65.2%[67]. - Total comprehensive income attributable to the parent company was CNY 64,676,539.39 for Q3 2020, compared to CNY 229,630,771.19 in Q3 2019, reflecting a significant decrease[70]. - Basic earnings per share for Q3 2020 was CNY 0.0487, down from CNY 0.1324 in Q3 2019, indicating a decline in profitability[72]. - Total comprehensive income for Q3 2020 was CNY -67,315,510.78, compared to CNY 13,240,174.55 in Q3 2019, indicating a significant decline in overall financial performance[78]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,458,187,519.99, a decrease of 3.64% compared to the end of the previous year[18]. - Cash and cash equivalents decreased by 44.16% to ¥581,541,201.36 from ¥1,041,440,873.52, primarily due to payments for demolition and equity acquisition deposits[30]. - Other receivables decreased by 35.86% to ¥764,796,464.66 from ¥1,192,468,081.63, mainly due to the recovery of loans and interest totaling ¥484 million[30]. - Inventory increased by 75.79% to ¥948,161,799.60 from ¥539,385,455.55, primarily due to payments for land demolition costs included in development costs[30]. - Long-term borrowings increased by 30.69% to ¥3,880,720,000.00 from ¥2,969,500,000.00, indicating new bank loans during the period[33]. - Total liabilities remained relatively stable at approximately ¥11.34 billion compared to ¥11.34 billion in the previous period[52]. - Total equity decreased to approximately ¥7.12 billion from ¥7.82 billion, a decline of about 8.9%[52]. - The company reported a significant reduction in accounts payable, which decreased to ¥1.39 billion from ¥2.14 billion, a decline of about 34.9%[52]. - Total liabilities reached approximately $11.34 billion, with current liabilities at $6.52 billion and non-current liabilities at $4.82 billion[94]. - Non-current liabilities totaled 968,211,582.36, including long-term borrowings of 845,000,000.00[122][133]. Cash Flow - The net cash flow from operating activities was CNY 205,450,488.35, a decrease of 56.51% year-on-year[18]. - Cash flow from operating activities for the first nine months of 2020 was CNY 6,316,746,928.37, down from CNY 9,651,636,525.12 in the same period of 2019[78]. - Total cash inflow from operating activities amounted to CNY 6,368,345,681.16, down from CNY 9,722,011,740.43, reflecting a decline of 34.5%[81]. - Cash outflow from operating activities was CNY 6,162,895,192.81, compared to CNY 9,249,648,587.24, indicating a reduction of 33.5%[81]. - The net cash flow from investing activities was negative at CNY -652,351,599.73, contrasting with a positive CNY 44,873,383.90 in the previous period[81]. - Cash inflow from financing activities totaled CNY 4,042,490,382.37, an increase of 36.8% from CNY 2,953,230,178.82[81]. - Cash outflow from financing activities was CNY 4,145,815,703.06, up from CNY 3,240,071,449.34, representing a rise of 27.9%[83]. - The ending balance of cash and cash equivalents decreased to CNY 464,972,430.23 from CNY 1,293,270,946.28, a decline of 64.0%[83]. Shareholder Information - The total number of shareholders at the end of the reporting period was 28,878[26]. - The largest shareholder, Shenzhen Maoye Commercial Co., Ltd., held 80.90% of the shares, with 205,000,000 shares pledged[26]. Government Support and Subsidies - The company received government subsidies amounting to CNY 5,053,744.32 during the reporting period[22]. - The company reported a significant increase in other income by 75.40% to ¥13,395,918.51 from ¥7,637,162.86, mainly due to increased government subsidies[33]. Strategic Initiatives - The company plans to lease a parking lot with 241 spaces for ¥1 million per year, totaling ¥3 million over three years[36]. - The company has signed a property service contract for approximately ¥2,805,557.04 for property management services over three years[36]. - The company plans to sign a cooperation agreement with the Chengdu Housing Provident Fund Management Center to facilitate housing loans for eligible customers, with a total guarantee amount not exceeding RMB 10 million[39]. - The company approved the issuance of restricted shares totaling 1,076,228,274 shares related to a major asset restructuring completed in 2016[39]. - The company plans to acquire 100% equity of Chengdu Renhe Investment Co., Ltd. from Chengdu Renhe Industrial Group, with the total transaction price including related party debts[41]. - The company is set to invest approximately RMB 1.3 billion in the construction of the "Maoye Tiandi" project, with a total planned construction area of about 184,300 square meters[41]. - The company’s board approved a guarantee agreement related to a loan of RMB 339.19 million for Renhe Investment after its acquisition[41]. - The company extended the commitment period to avoid competition for three more years, with the original commitment terms remaining unchanged[39].