深深房B(200029) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the period was CNY 621,402,307.38, a decrease of 4.72% year-on-year, and a 36.03% decline for the year-to-date period[8] - Net profit attributable to shareholders was CNY 101,565,292.91, down 4.51% for the period and down 54.76% year-to-date[8] - The company expects a cumulative net profit for the year to be between 26,000 and 30,000 thousand yuan, a decrease of approximately 48.36% compared to the previous year's profit of 50,350 thousand yuan[24] - Basic earnings per share are projected to decline to between 0.2570 and 0.2965 yuan, down from 0.4977 yuan in the same period last year, reflecting a decrease of about 48.36%[24] - The decrease in profit is attributed to a year-on-year reduction in the sales turnover of real estate projects[24] - Total revenue for Q3 2020 was CNY 621,402,307.38, a decrease of 4.6% compared to CNY 652,161,755.98 in Q3 2019[43] - Net profit for Q3 2020 was CNY 101,566,398.99, a decrease of 4.0% from CNY 106,401,502.05 in Q3 2019[45] - The company's operating profit for Q3 2020 was approximately CNY 253.26 million, a significant decrease from CNY 1.06 billion in the same period last year, reflecting a decline of about 76.16%[56] - The net profit for Q3 2020 was CNY 188.42 million, down from CNY 928.24 million year-over-year, representing a decrease of approximately 79.73%[56] Cash Flow - The net cash flow from operating activities was CNY 309,652,617.04, a decrease of 13.08% for the period and a significant drop of 90.65% year-to-date[8] - The company reported a 90.65% decrease in net cash flow from operating activities due to reduced cash inflow from real estate sales[15] - Cash flow from operating activities generated a net amount of CNY 97.41 million, a sharp decline from CNY 1.04 billion in the previous year, indicating a decrease of about 90.66%[57] - The total cash inflow from operating activities was CNY 1.45 billion, down from CNY 2.28 billion year-over-year, reflecting a decrease of about 36.47%[57] - The company reported cash inflows from investment activities of CNY 1.02 billion, compared to CNY 911.48 million in the previous year, marking an increase of about 12.09%[59] - The cash outflow from financing activities was CNY 166.92 million, slightly lower than CNY 204.33 million in the same period last year, indicating a decrease of approximately 18.24%[59] Assets and Liabilities - Total assets decreased by 4.57% to CNY 4,685,440,082.68 compared to the end of the previous year[8] - Current assets totaled CNY 3,971,970,220.79, down from CNY 4,166,705,581.12, indicating a decrease of about 4.67%[34] - Total liabilities decreased to CNY 1,127,111,549.31 from CNY 1,384,686,301.94, marking a reduction of about 18.58%[36] - The company reported a decrease in total current liabilities to CNY 1,118,944,910.31 from CNY 1,372,283,815.44, reflecting a decline of about 18.43%[36] - The inventory value as of September 30, 2020, was CNY 1,320,560,992.83, down from CNY 1,462,229,048.18, indicating a decrease of about 9.66%[34] - Accounts payable decreased significantly to CNY 149,221,512.05 from CNY 244,224,478.46, a reduction of approximately 38.93%[36] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 76,444[11] - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., held 63.55% of the shares[11] Corporate Actions - The company has applied for a continued suspension of trading due to a major asset restructuring, with the latest announcement made on October 14, 2020[20] - The major asset restructuring process is ongoing, with the company committed to disclosing progress at least every five trading days during the suspension period[18] - The company held an investor online briefing on March 10, 2017, to discuss the major asset restructuring and engage with investors[17] Financial Management - The company has not engaged in any securities or derivative investments during the reporting period[21][22] - There are no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[26] - The company has not conducted any major contracts or entrusted financial management during the reporting period[25] - The company has not reported any non-operating fund occupation by the actual controller or related parties during the reporting period[27] - The company has not reported any research and development expenses during the period, indicating a focus on operational efficiency rather than new product development[47] Changes in Accounting Standards - The company has implemented new revenue and leasing standards starting from 2020, affecting the financial reporting[64] - The implementation of the new revenue recognition standard has resulted in reclassification adjustments primarily affecting "contract liabilities," "advance receipts," and "taxes payable"[71]