MEP(SZ:000993)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥1,395,413,203.56, representing a 193.93% increase compared to ¥474,736,265.67 in the same period last year[9]. - The net profit attributable to shareholders was ¥321,362,800, marking a 50.16% increase from ¥213,955,900 in the previous year[5]. - The basic earnings per share increased by 6.25% to ¥0.70 from ¥0.47 in the same period last year[5]. - Operating revenue increased by 193.93% year-on-year, primarily due to the completion of residential buildings and part of the commercial properties in the Dongsheng Plaza project[10]. - Net profit for the period was CNY 319,773,393.44, up from CNY 217,517,945.38, indicating a growth of approximately 47%[24]. - Earnings per share (EPS) for the period was CNY 0.70, compared to CNY 0.47 in the previous period, marking an increase of around 49%[24]. Operating Costs and Income - The operating costs surged to ¥899,972,021.19, a 324.68% increase from ¥211,918,939.89 in the previous year[9]. - Operating costs rose by 324.68% year-on-year, mainly due to the recognition of sales revenue from the Dongsheng Plaza project[10]. - The company reported a significant increase in non-operating income, totaling ¥4,479,156.55 for the current period[7]. - Other income increased by 68.60% year-on-year, primarily due to an increase in VAT refunds received[10]. Cash Flow and Financial Position - The company reported a net cash flow from operating activities of ¥1,026,329, a significant decrease of 99.71% compared to the previous year[5]. - Net cash flow from operating activities decreased by 99.71% year-on-year, attributed to reduced hydropower sales revenue and mortgage payments received[14]. - Operating cash inflow for the period was CNY 424,545,150.35, a decrease of 42.9% compared to CNY 743,748,303.03 in the previous period[25]. - Total cash and cash equivalents at the end of the period were CNY 205,022,002.76, down from CNY 351,399,612.30 in the previous period[26]. - The company's cash and cash equivalents decreased by 43.45% year-on-year, mainly due to the use of funds for repaying bank loans[12]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,528,897,023.05, a decrease of 20.79% compared to the previous year[5]. - As of September 30, 2023, total assets amounted to CNY 3,528,897,023.05, a decrease from CNY 4,455,107,189.09 at the beginning of the year, reflecting a decline of approximately 20.8%[19]. - Total liabilities decreased to CNY 935,655,667.29 from CNY 2,186,521,904.83, a reduction of approximately 57%[23]. - Current liabilities totaled CNY 351,153,631.53, down from CNY 1,582,984,695.56, indicating a decrease of about 78%[23]. - Non-current liabilities were CNY 584,502,035.76, compared to CNY 603,537,209.27 in the previous period, showing a slight decrease of around 3%[23]. Shareholder Information - The company reported a total of 10 major shareholders, with the largest being Ningde State-owned Assets Investment and Operation Co., holding 198,470,000 shares[17]. Changes in Accounting and Policies - The company has implemented a change in accounting policy effective from January 1, 2023, following the issuance of the new accounting standards[6]. - The company has not disclosed any significant new strategies or product developments during the quarter[18].