锦和商管(603682) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥257,449,807.25, representing a year-on-year increase of 38.92%[4] - The net profit attributable to shareholders for Q3 2021 was ¥30,233,063.71, showing a decrease of 23.94% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,972,238.87, down 48.47% year-on-year[5] - The company experienced a 19.39% increase in revenue year-to-date, totaling ¥667,298,650.78[4] - The net profit attributable to shareholders for the year-to-date was ¥96,899,008.67, down 18.70% year-on-year[4] - The company's operating revenue for Q3 2021 reached CNY 66,932.29 million, representing a year-on-year increase of 19.76% after excluding the impact of the new leasing standards[20] - The net profit attributable to shareholders for Q3 2021 was CNY 13,694.63 million, up 14.90% year-on-year when adjusted for the new leasing standards[20] - Total profit for Q3 2021 was ¥124,190,125.51, down 21.6% from ¥158,653,683.19 in the same period last year[28] - Operating profit for Q3 2021 was ¥90,905,263.63, a decline of 36.0% from ¥142,141,064.29 in Q3 2020[28] - Basic earnings per share for Q3 2021 were ¥0.21, compared to ¥0.28 in Q3 2020, reflecting a decrease of 25.0%[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,149,681,628.66, an increase of 175.19% compared to the end of the previous year[5] - The total assets as of September 30, 2021, amounted to CNY 5,149.68 million, a significant increase from CNY 1,871.34 million at the end of 2020[24] - The company's total liabilities reached CNY 4,016.54 million, compared to CNY 325.66 million at the end of 2020[25] - Total assets increased from 1,871,335,564.78 to 4,006,720,782.98, a rise of 114.8%[37] - Total liabilities rose significantly from 325,660,884.40 to 2,949,655,031.40, marking an increase of 804.5%[37] - Shareholders' equity decreased from 1,545,674,680.38 to 1,057,065,751.58, a decline of 31.6%[38] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥256,628,451.61, an increase of 174.56%[5] - Cash flow from operating activities for the first three quarters of 2021 was ¥256,628,451.61, significantly up from ¥93,470,269.04 in the same period of 2020[31] - Cash flow from investing activities for the first three quarters of 2021 showed a net outflow of ¥219,784,470.06, an improvement from a net outflow of ¥528,212,765.02 in the previous year[32] - Total cash and cash equivalents at the end of Q3 2021 were ¥268,060,815.63, down from ¥378,205,489.40 at the end of Q3 2020[32] - The company reported a decrease in cash and cash equivalents from CNY 629.23 million at the end of 2020 to CNY 268.81 million by September 30, 2021[23] Operational Developments - The company attributed the revenue growth to improved occupancy rates and contributions from acquisition projects[9] - The overall rental rate of projects improved compared to the severe pandemic period in 2020, contributing to revenue growth[19] - The company signed a contract for the Xiangde Road project in Hongkou District, covering over 10,000 square meters, marking its first project in the area[15] - The company completed two acquisitions, including a 31.304% stake in Beijing Tongchang Shengye Urban Renewal Technology Development Co., enhancing operational control over two ongoing projects[16] - The company also acquired 100% of Shanghai Shaojin Enterprise Management Co., which operates the Happiness Li·Rui Garden project, expanding its operational scale[16] - As of the report date, the company managed 70 projects with a total management area of approximately 1.1 million square meters[16] - The company operates under three models: leasing operation, equity operation, and entrusted operation, with 44 leasing projects covering about 720,000 square meters available for rental[17] - The company’s strategy focuses on urban renewal and enhancing the commercial value of old properties, benefiting small and medium-sized cultural and creative enterprises[14] - The company’s dual-driven development strategy combines commercial operation and property management to provide quality asset management services[14] - The company plans to increase the proportion of light asset models and joint operation models to enhance operational efficiency and expand business scale[20] Expenses - Research and development expenses for Q3 2021 were ¥730,654.05, a decrease of 50.9% from ¥1,486,992.00 in Q3 2020[28] - Sales expenses for Q3 2021 increased to ¥24,082,206.31, up 70.4% from ¥14,139,705.54 in Q3 2020[28] - Financial expenses for Q3 2021 were ¥110,000,192.81, compared to a financial income of ¥604,009.86 in Q3 2020, indicating a significant shift in financial performance[28]