GREATTOWN(SH:900940)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,095,043,153.67, a decrease of 40.54% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥29,116,849.57, representing a decline of 221.73% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥29,779,779.71, down 202.41% compared to the previous year[5] - The basic and diluted earnings per share were both -¥0.0118, a decrease of 221.65% year-on-year[6] - Total operating revenue for the first three quarters of 2021 was CNY 5,297,877,268.33, a decrease from CNY 9,510,784,627.30 in the same period of 2020, representing a decline of approximately 44.5%[20] - Net profit for the third quarter of 2021 was CNY 229,792,269.10, compared to CNY 402,872,140.49 in the same quarter of 2020, reflecting a decrease of approximately 43%[23] - Earnings per share for the third quarter of 2021 were CNY 0.0846, down from CNY 0.1318 in the same quarter of 2020, a decline of about 35.7%[24] - The total comprehensive income for the third quarter of 2021 was CNY 231,124,930.66, compared to CNY 238,072,784.54 in the same quarter of 2020, reflecting a decrease of approximately 2.5%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥38,892,149,188.05, an increase of 2.80% from the end of the previous year[6] - The total liabilities of the company were CNY 17.07 billion, slightly higher than CNY 16.84 billion in the previous year, representing an increase of about 1.4%[17] - Total liabilities as of the third quarter of 2021 amounted to CNY 25,069,439,204.61, an increase from CNY 23,713,018,816.13 in the previous year, representing a growth of approximately 5.7%[22] - The total non-current liabilities increased to CNY 7,995,753,191.68 in the third quarter of 2021, up from CNY 6,876,057,724.85 in the previous year, marking an increase of approximately 16.3%[22] - The company reported a total non-current liability of approximately ¥6.88 billion, reflecting an increase due to the adoption of new leasing standards[30] Cash Flow - The cash flow from operating activities for the year-to-date was ¥3,590,013,580.53[6] - The net cash flow from operating activities for Q3 2021 was ¥3,590,013,580.53, a significant improvement compared to the negative cash flow of ¥2,599,919,788.17 in Q3 2020[26] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 9,255,407,274.68, slightly up from CNY 9,172,192,957.78 in 2020, showing a marginal increase of about 0.9%[25] - The total cash inflow from investment activities was ¥713,804,896.56, while cash outflow was ¥70,380,798.86, resulting in a net cash flow of ¥643,424,097.70, up from ¥193,565,029.03 in the previous year[26] - Cash inflow from financing activities totaled ¥6,902,538,986.58, with cash outflow of ¥8,801,829,962.31, leading to a net cash flow of -¥1,899,290,975.73, compared to a positive net cash flow of ¥1,311,165,467.74 in Q3 2020[26] Equity and Investments - The equity attributable to shareholders was ¥13,279,039,703.06, up 1.13% from the end of the previous year[6] - Total equity attributable to shareholders of the parent company was CNY 13,279,039,703.06, compared to CNY 13,131,038,424.48 in the same period of 2020, indicating an increase of about 1.1%[22] - The company's long-term equity investments increased to CNY 1.22 billion, compared to CNY 1.20 billion in the previous year, showing a growth of approximately 0.6%[17] - The company's retained earnings stood at approximately ¥4.53 billion, indicating a stable profit retention strategy[30] Inventory and Contract Liabilities - The company's inventory was valued at CNY 27.16 billion, a decrease from CNY 28.60 billion in the previous year, reflecting a reduction of about 5%[16] - The company reported a total sales area of 486,107.17 square meters during the reporting period, with a settlement area of 395,412.26 square meters[15] - The company's contract liabilities increased to CNY 8.49 billion, up from CNY 5.01 billion in the previous year, representing a growth of approximately 69.5%[17] Financial Stability - The company's net debt ratio stood at 37.73%, remaining within the "green zone" threshold, indicating a stable financial position[14] - The company maintained a cash short-term debt ratio of 3.2, indicating a strong liquidity position[14] - The company's cash and cash equivalents amounted to CNY 4.74 billion, up from CNY 2.35 billion in the previous year, indicating a significant increase of 101.5%[16] - The ending balance of cash and cash equivalents as of Q3 2021 was ¥4,510,711,948.91, compared to ¥2,227,135,580.15 at the end of Q3 2020[27] - The company has not engaged in any financing or margin trading activities with its top shareholders during the reporting period[13] New Standards and Adjustments - The company implemented new leasing standards starting in 2021, affecting the financial statements[28] - The adjustment for the new leasing standard included an increase in right-of-use assets by ¥30.03 million and an increase in lease liabilities by ¥16.27 million[30] - The company has adjusted non-current liabilities due within one year by approximately ¥13.42 million as part of the new leasing standard implementation[30]