LJZ(SH:900932)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,817,575,886.53, representing a 9.13% increase compared to CNY 1,666,665,957.07 in the same period last year[6]. - Net profit attributable to shareholders for Q3 2023 was CNY 87,271,744.31, a significant increase of 225.47% from CNY 28,999,737.36 in Q3 2022[6]. - The basic earnings per share for Q3 2023 was CNY 0.0181, up 171.81% from CNY 0.0072 in the same quarter last year[6]. - Total revenue for the first three quarters of 2023 was CNY 5,775,450,948.32, a decrease of 14.4% compared to CNY 6,752,935,530.05 in the same period of 2022[27]. - Operating profit for the first three quarters of 2023 was CNY 1,423,356,142.02, down 29.1% from CNY 2,009,039,083.04 in the previous year[27]. - Net profit for the first three quarters of 2023 was CNY 1,135,280,557.61, a decline of 27.1% compared to CNY 1,559,256,581.71 in 2022[27]. - Total comprehensive income for Q3 2023 was ¥1,201,469,647.01, compared to ¥1,573,561,856.41 in Q3 2022, reflecting a decline of 23.6%[28]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 159,653,589,737.00, reflecting a 5.65% increase from CNY 151,118,195,624.16 at the end of the previous year[6]. - Current assets totaled CNY 85,613,140,031.75, up from CNY 78,563,400,188.33 at the end of 2022, reflecting a growth of 8.7%[25]. - Total liabilities increased to CNY 113,506,844,570.00 from CNY 99,004,632,030.09, representing a rise of 14.7%[25]. - The company’s long-term equity investments increased to CNY 12,638,067,196.98 from CNY 8,032,309,441.12, reflecting a growth of 57.5%[25]. Cash Flow - The company reported a cash flow from operating activities of CNY 7,717,558,335.24 for the year-to-date period, a significant improvement compared to the previous year's negative cash flow[6]. - Cash inflow from operating activities for the first nine months of 2023 was ¥18,728,525,710.47, an increase of 80.5% from ¥10,398,282,555.51 in the same period of 2022[31]. - Net cash flow from operating activities for the first nine months of 2023 was ¥7,717,558,335.24, recovering from a net outflow of ¥6,932,197,179.50 in the previous year[31]. - The net increase in cash and cash equivalents for the first nine months of 2023 was ¥2,895,385,853.81, a recovery from a net decrease of ¥8,345,678,118.70 in the previous year[32]. - The ending balance of cash and cash equivalents as of September 30, 2023, was ¥7,690,218,367.64, compared to ¥5,636,350,383.26 at the end of Q3 2022[32]. Shareholder Information - The weighted average return on equity for Q3 2023 was 0.32%, an increase of 0.22 percentage points compared to 0.13% in the same period last year[6]. - The net profit attributable to the parent company for Q3 2023 was ¥836,743,589.83, a decrease of 27.7% compared to ¥1,158,168,159.15 in Q3 2022[28]. - Basic and diluted earnings per share for Q3 2023 were both ¥0.1739, down from ¥0.2871 in the same period last year[29]. Real Estate and Acquisitions - The company achieved a sales area of 96,286 square meters for residential projects from January to September 2023, resulting in a sales rate of 89%[19]. - The company completed the acquisition of 100% equity in Shanghai Lujiazui Changyi Real Estate Development Co., Ltd. and 30% equity in Shanghai Dongmao Real Estate Co., Ltd. through a share issuance[20]. - The cash payment for the asset acquisition amounted to RMB 328,756,418, representing 50% of the total cash transaction price[21]. - The total building area of the company's properties is 3,027,089 square meters, with a mature property occupancy rate of 89% in Shanghai[18]. - The company is actively progressing in fundraising for the acquisition, with ongoing updates to be provided to investors[21]. Market Conditions - The total revenue for Q3 2023 was approximately RMB 3,054,739,680, showing a significant performance in the market[15]. - The average rental rate for prime office properties in Shanghai was RMB 7.99 per square meter per day, with an occupancy rate of 83%[17]. - The company reported a rental rate of RMB 10.65 per square meter per day for commercial properties in Shanghai, with an occupancy rate of 89%[17]. Risk Management - The company emphasizes the importance of risk management and will continue to monitor and disclose relevant updates to protect shareholder interests[23]. - The company has identified 14 plots of land with pollution issues, and a special task force is addressing the situation[22].