SPG(SZ:000029)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥272,065,605.11, a decrease of 56.22% compared to the same period last year[4] - The net profit attributable to shareholders for the same period was ¥29,640,906.70, down 70.82% year-on-year[4] - Total operating revenue for the period was CNY 966,663,823.58, a decrease of 20.6% compared to CNY 1,217,660,802.78 in the same period last year[23] - The company reported a net profit of CNY 208,411,835.30 for the period, compared to a net profit of CNY 256,882,316.70 in the same period last year, a decline of 18.8%[23] - Net profit for the current period is 161,823,841.64, a decrease of 18.6% compared to 198,875,857.46 in the previous period[26] - Operating profit stands at 221,178,644.06, down from 274,181,852.26, reflecting a decline of 19.3%[26] - Total comprehensive income for the current period is 162,258,501.26, down from 192,937,153.22 in the previous period[29] - Basic and diluted earnings per share are both 0.1617, down from 0.1965 in the previous period[29] Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,264,096,374.55, reflecting a significant decline of 1397.71% compared to the previous year[8] - Cash and cash equivalents as of September 30, 2021, were CNY 702,463,353.84, a significant decrease from CNY 2,687,465,070.01 at the end of 2020[16] - Cash and cash equivalents at the end of the period are 696,885,573.27, a significant decrease from 2,458,128,296.87 in the previous period[33] - The company reported a net cash outflow from operating activities of -1,264,096,374.55, compared to a positive inflow of 97,409,818.45 in the previous period[33] - Investment activities resulted in a net cash outflow of -951,251,423.49, contrasting with a net inflow of 1,020,818,810.32 in the previous period[33] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,181,890,175.11, an increase of 25.22% from the end of the previous year[4] - Total assets reached CNY 6,181,890,175.11, compared to CNY 4,936,916,746.74 at the end of 2020, reflecting an increase of 25.2%[22] - Total liabilities were CNY 2,018,574,885.65, up from CNY 1,279,829,491.58, representing a growth of 57.7%[22] Inventory and Expenses - The company's inventory increased by 225.90% to ¥3,977,470,978.35, primarily due to the increase in development projects[8] - Inventory increased to CNY 3,977,470,978.35, up from CNY 1,220,464,112.56 year-on-year, indicating a growth of 226.5%[16] - The company experienced a 36.60% reduction in marketing expenses, totaling ¥31,229,738.10, due to adjustments in marketing strategies[8] - The company incurred sales expenses of 31,229,738.10, down from 49,259,539.14 in the previous period[26] - The total amount of taxes and additional charges is 198,738,261.87, compared to 256,360,411.16 in the previous period[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,265[9] - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., held 57.19% of the shares[9] Investments and Strategic Initiatives - The company acquired land use rights for CNY 96,500,000, indicating ongoing market expansion efforts[13] - The company invested CNY 130,000,000 in financial products during the reporting period, with partial redemptions completed[13] - The company plans to continue its strategic investments and market expansion initiatives in the upcoming quarters[13] Accounting Standards - The company implemented the new leasing standard starting January 1, 2021, recognizing right-of-use assets and lease liabilities based on the present value of future minimum lease payments[34] - The company did not need to adjust the beginning balance sheet items as the leased assets are minimal and primarily consist of short-term leases and low-value asset leases[34] Audit Status - The third quarter report for 2021 was not audited[37]