GOLDEN UNION(SH:603682)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥177,832,969.26, representing a decrease of 30.93% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥23,808,892.62, down 21.25% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,506,271.99, a decline of 46.74% compared to the previous year[5]. - The basic earnings per share for Q3 2022 was ¥0.05, a decrease of 16.67% compared to the same period last year[6]. - The company's total operating revenue of RMB 698.50 million for the first nine months of 2022, representing a year-on-year increase of approximately 4.68%[15]. - The net profit attributable to the parent company for the same period was RMB 87.08 million, a decrease of about 10.13% compared to the previous year[15]. - The net profit attributable to the parent company in Q3 2022 was RMB 23.81 million, down approximately 21.25% year-on-year[15]. - Net profit for the third quarter of 2022 was ¥74,926,629.20, a decrease of 22.1% from ¥96,158,493.92 in the same quarter of 2021[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,850,133,444.41, reflecting a 9.20% increase from the end of the previous year[6]. - The company's total assets reached ¥5,850,133,444.41 in Q3 2022, compared to ¥5,357,244,318.70 in Q3 2021, marking an increase of 9.2%[21]. - The company's total liabilities increased to ¥4,627,642,671.17 in Q3 2022, compared to ¥4,106,617,331.05 in Q3 2021, reflecting a growth of 12.7%[21]. - The total equity attributable to shareholders decreased by 1.42% to ¥1,113,521,612.68 compared to the end of the previous year[6]. - The total equity attributable to shareholders of the parent company was ¥1,113,521,612.68, down from ¥1,129,504,765.93 year-over-year, indicating a decrease of 1.4%[21]. Cash Flow - The cash flow from operating activities for the year-to-date period increased by 62.49% to ¥416,991,303.38, primarily due to new project developments[6][10]. - The company reported a total cash inflow from operating activities of ¥644,220,359.80 for the first three quarters of 2022, down from ¥687,545,872.53 in the previous year, representing a decline of 6.3%[25]. - The net cash inflow from operating activities was CNY 416,991,303.38, an increase from CNY 256,628,451.61 in the previous year[26]. - The ending balance of cash and cash equivalents was CNY 119,458,008.66, a decrease from CNY 268,060,815.63 year-over-year[27]. Project Management and Development - As of September 30, 2022, the company managed 73 projects with a total managed area exceeding 1.25 million square meters[16]. - The company expanded its portfolio by adding two new projects: "Jinhe Longfu Temple Yue Du Hui" in Beijing and "Changning Financial Park" in Shanghai[15]. - The company experienced delays in construction projects and slower leasing progress, which affected net profit[10]. Expenses - Research and development expenses for the first three quarters of 2022 amounted to ¥1,346,188.89, which is an increase of 84.3% compared to ¥730,654.05 in the same period of 2021[22]. - The company's financial expenses for the first three quarters of 2022 were ¥142,051,397.95, an increase of 29.1% from ¥110,000,192.81 in the same period of 2021[22]. - Payments to employees increased to CNY 93,434,503.75 from CNY 75,724,550.73 in the previous year[26]. - The company reported cash outflows for other operating activities totaling CNY 147,336,772.99, significantly reduced from CNY 302,532,262.77 in the previous year[26]. Revenue Decline Factors - The company attributed the decline in revenue to rent reductions for tenants due to the impact of the COVID-19 pandemic[10]. - In Q3 2022, the company reported an operating revenue of RMB 177.83 million, a decrease of approximately 30.93% year-on-year, primarily due to rent reductions for tenants impacted by the COVID-19 pandemic[15].