LJZ(SH:900932)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was ¥2.29 billion, representing a decrease of 8.13% year-on-year[7]. - Operating revenue for the first nine months was ¥8.70 billion, down 16.98% from the same period last year[7]. - The company reported a net profit of ¥2.21 billion after deducting non-recurring gains and losses, a decrease of 7.12% year-on-year[7]. - Basic earnings per share were ¥0.5681, down 8.13% compared to ¥0.6184 in the previous year[7]. - Total operating revenue for Q3 2020 was ¥2,073,988,575.28, a decrease of 9.57% compared to ¥2,292,259,549.76 in Q3 2019[29]. - Net profit for Q3 2020 reached ¥760,216,016.85, an increase of 11.75% from ¥680,521,685.38 in Q3 2019[29]. - The total comprehensive income for Q3 2020 was ¥750,436,376.62, compared to ¥681,838,547.04 in Q3 2019, indicating an increase of 10.1%[30]. - The net profit for the first three quarters of 2020 was CNY 416,524,763.03, a decrease of 62.9% from CNY 1,124,933,856.14 in the same period of 2019[33]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥96.48 billion, an increase of 5.51% compared to the end of the previous year[7]. - The total assets of the company as of September 30, 2020, are approximately 96.48 billion RMB, an increase from 91.44 billion RMB at the end of 2019[23]. - The total liabilities of the company are approximately 66.19 billion RMB, compared to 62.38 billion RMB at the end of 2019[23]. - Total liabilities rose to ¥53,088,208,628.54 in Q3 2020, compared to ¥47,172,526,659.55 in Q3 2019, marking an increase of 12.5%[26]. - The company has a total of 4.12 billion RMB in contract liabilities as of September 30, 2020, indicating ongoing obligations to deliver services or products[22]. Cash Flow - The net cash flow from operating activities was -¥2.92 billion, an improvement from -¥10.60 billion in the previous year[7]. - Cash flow from operating activities was negative at RMB -2,916,516,491.80, significantly impacted by the land payment[15]. - The company's net cash flow from operating activities was -2,916,516,491.80 RMB, an improvement from -10,600,789,309.53 RMB in the same period last year[36]. - Total cash inflow from investment activities was 13,664,624,775.76 RMB, significantly higher than 3,767,722,207.56 RMB in Q3 2019[36]. - The net cash flow from financing activities was 2,550,209,981.44 RMB, down from 8,592,368,301.38 RMB in the previous year[36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 112,448[10]. - The net assets attributable to shareholders increased to ¥18.55 billion, a rise of 2.38% from the previous year[7]. Investment and Assets Management - The company acquired land use rights for a plot in Shanghai for RMB 4,911 million, covering an area of 25,782.3 square meters[16]. - Accounts receivable increased by 49.55% to RMB 747,505,821.60 due to settlement management fees[13]. - Financial assets purchased under resale agreements rose by 54.18% to RMB 1,420,421,522.18 as a result of changes in product structure from the subsidiary[13]. - Other current assets increased by 37.20% to RMB 5,709,703,539.41, primarily due to a prepayment of RMB 2.2 billion for land use rights[13]. - The company reported an investment income of ¥47,656,451.82 in Q3 2020, a significant decrease from ¥202,014,807.33 in Q3 2019[29]. Operational Metrics - The total contracted area for residential sales from January to September is 149,298 square meters, with a take-up rate of 48%[18]. - The total leasable area of properties held by the company is 2,824,421 square meters, with a rental rate of 8.83 RMB/square meter/day for Grade A properties in Shanghai[17]. - The average occupancy rate for mature properties is 87% in Shanghai and 67% in Tianjin, with the overall occupancy rate for the company’s properties not specified[17].