Der(002631)2017-10-26 16:00Financial Performance - Operating revenue for the period reached CNY 424,452,474.18, a 51.42% increase year-on-year[7] - Net profit attributable to shareholders decreased by 56.76% to CNY 20,882,875.20 compared to the same period last year[7] - Revenue increased by 46.20% compared to the same period last year, primarily due to growth in customized home sales and an expanded consolidation scope[16] - Operating costs rose by 54.11% year-on-year, mainly due to increased costs associated with sales growth[16] - Sales expenses surged by 90.42% year-on-year, attributed to an increase in advertising expenditures and expanded consolidation scope[16] - Net profit for Q3 2017 was CNY 18,473,738.29, down from CNY 48,199,114.64 in the previous year, reflecting a decrease of approximately 61.6%[40] - The net profit attributable to shareholders of the parent company was CNY 20,882,875.20, compared to CNY 48,291,995.26 in the same period last year[41] - Basic earnings per share decreased to ¥0.19 from ¥0.22 in the previous period[48] Cash Flow - Cash flow from operating activities decreased by 14.04% to CNY 46,690,108.27[7] - Cash flow from operating activities decreased by 54.33% year-on-year, primarily due to fewer recoveries of receivables compared to the previous year[16] - Cash received from sales of goods and services increased by 43.62% compared to the same period last year, driven by sales growth[16] - Cash flow from operating activities was ¥1,302,359,834.75, an increase from ¥906,808,100.30 in the previous period[53] - The net cash flow from operating activities for Q3 2017 was CNY 157,058,508.70, an increase from CNY 96,298,423.14 in the same period last year, representing a growth of approximately 63%[55] - The total cash inflow from operating activities was CNY 761,666,675.75, compared to CNY 605,700,678.19 in the previous year, reflecting an increase of approximately 26%[58] Assets and Liabilities - Total assets increased by 12.08% to CNY 2,172,428,293.90 compared to the end of the previous year[7] - Total assets reached CNY 2.17 billion, up from CNY 1.94 billion at the beginning of the period, reflecting growth in the company's asset base[34] - Total liabilities increased to CNY 536.38 million from CNY 440.35 million, indicating a rise in the company's obligations[34] - Total liabilities rose to CNY 597,169,176.99, compared to CNY 420,694,141.46 in the previous period, marking an increase of about 42.0%[37] - The company's total equity reached CNY 1,739,337,023.03, up from CNY 1,666,425,675.56, indicating a growth of approximately 4.4%[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,327[11] - Minority interests increased by 102.70% due to the addition of new holding companies during the reporting period[15] - The estimated net profit attributable to shareholders for 2017 is projected to be between CNY 143.28 million and CNY 238.80 million, representing a change of -25.00% to 25.00% compared to 2016's net profit of CNY 191.04 million[24] Investment and Financing - Cash received from investment increased by 1433.41% year-on-year, mainly due to increased contributions from minority shareholders in newly established holding companies[17] - Investment income decreased by 60.26% year-on-year, mainly due to reduced equity method investment income[16] - The company reported an investment income of CNY 3,601,698.98, down from CNY 11,681,026.98 in the previous year[40] - The company reported a net cash flow from financing activities of -CNY 5,351,718.85, an improvement from -CNY 24,979,163.53 in the same quarter last year[56] Operational Changes - The company terminated its non-public stock issuance plan due to changes in refinancing regulatory policies and market conditions[18] - The company modified its articles of association and shareholder meeting rules, which were approved in September 2017[18] - The company plans to increase advertising expenditures to expand market share, which may impact future profitability[24] - The company expects stable growth in the whole-house customization segment, contributing positively to overall performance[24] - The company anticipates a decrease in government subsidies compared to the previous year, which may impact net profit[24]