CSI Intelligent Finance Guangming Real Estate (600708) disclosed its third quarter report for 2022 on October 29. In the first three quarters of 2022, the company achieved total operating income of 12.681 billion yuan, a year-on-year decrease of 0.30%; net profit attributable to shareholders was 20.3367 million yuan, a year-on-year decrease of 64.03%; net profit excluding non-net profit was 10.6226 million yuan, a year-on-year loss of 2.2681 million yuan; net cash flow generated by operating activities was 1.627 billion yuan, and increased by 26.64% year-on-year; during the reporting period, Guangming Real Estate 's basic earnings per share was -0.0114 yuan, and the weighted average return on assets was -0.23%.
During the reporting period, the company's total non-recurring gains and losses of were 30.9593 million yuan, of which the capital occupation fee for non-financial enterprises included in the current profit and loss was 20.8026 million yuan, and the impact of minority shareholders' equity (after tax) was -1.0272 million yuan.
announcement shows that the company's operating income in the first three quarters was mainly due to the year-on-year increase in the carryover income of the main property business in this period; the change in net profit attributable to shareholders was mainly due to the increase in the profit of the main property business in this period and .
According to the third quarter report, the company achieved total operating income of 5.337 billion yuan in the third quarter, a year-on-year increase of 56.58%, and a month-on-month increase of 147.21%; net profit attributable to shareholders was 11.7417 million yuan, a year-on-year decrease of 2.57%, and a month-on-month increase of 249.79%; net profit excluding non-network was -7.0471 million yuan, a year-on-year increase of 32.36%, and a month-on-month decrease of 340.22%.
In the first three quarters of 2022, the company's gross profit margin was 14.56%, an increase of 0.38 percentage points year-on-year; the net profit margin was 1.25%, an increase of 0.51 percentage points from the same period last year. Judging from the single-quarter indicators, the company's gross profit margin in the third quarter of 2022 was 15.40%, a year-on-year decrease of 3.84 percentage points and a month-on-month decrease of 5.45 percentage points; the net profit margin was 0.73%, a decrease of 0.79 percentage points from the same period last year and a decrease of 0.97 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was 0.10%, up 0.01 percentage points year-on-year and 0.07 percentage points month-on-month.
In the first three quarters of 2022, the company's net cash flow in operating activities was 1.627 billion yuan, a year-on-year increase of 6.64%; the net cash flow of financing activities was -2.951 billion yuan, a year-on-year increase of 2.700 billion yuan; the net cash flow of investment activities was 4.34 million yuan, a year-on-year increase of 1.917 billion yuan.
In the first three quarters of 2022, the company's operating income cash ratio was 94.46%, and the net cash ratio was 7998.61%.
In the first three quarters of 2022, the company's period expenses were 1.207 billion yuan, an increase of 63.1165 million yuan over the same period last year; the period expense ratio was 9.52%, an increase of 0.53 percentage points from the same period last year. Among them, sales expenses decreased by 5.95% year-on-year, administrative expenses decreased by 9.47% year-on-year, and financial expenses increased by 45.07% year-on-year.
According to the announcement, changes in management expenses are mainly due to the increase in management expenses in this period year-on-year; changes in financial expenses are mainly due to the increase in interest expenses in this period.
In terms of major changes in assets, as of the end of the third quarter of 2022, the company's cash and funds decreased by 28.65% from the end of the previous year, accounting for 2.07 percentage points of the company's total assets; inventory decreased by 13.12% from the end of the previous year, accounting for 1.43 percentage points of the company's total assets; advance payments increased by 2.44% from the end of the previous year, accounting for 0.64 percentage points of the company's total assets; accounts receivable increased by 7.73% from the end of the previous year, accounting for 0.36 percentage points of the company's total assets. In terms of major changes in liabilities of
, as of the end of the third quarter of 2022, the company's long-term loans increased by 99.91% from the end of the previous year, accounting for 18.84 percentage points of the company's total assets; short-term loans decreased by 93.56% from the end of the previous year, accounting for 13.63 percentage points of the company's total assets; contract liabilities decreased by 39.73% from the end of the previous year, accounting for 4.90 percentage points of the company's total assets; non-current liabilities due within one year, decreased by 51.50% from the end of the previous year, accounting for 3.04 percentage points of the company's total assets. In terms of debt repayment ability, the company's debt-to-asset ratio at the end of the third quarter of 2022 was 80.98%, a decrease of 0.71 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 45.06%, an increase of 2.35 percentage points from the end of the previous year.
The third quarter report shows that among the top ten circulating shareholders of the company at the end of the third quarter of 2022, Guangming Food (Group) Co., Ltd., accounting for 35.22%. The list of top ten circulating shareholders remains unchanged compared with the end of the second quarter of 2022. In terms of specific shareholding ratios, the shareholding of Jin Zhao and CITIC Securities Co., Ltd. has increased.
| Shareholder name | Stock holdings (ten thousand shares) | Sales proportion of total share capital (%) | change ratio (%) |
|---|---|---|---|
| Guangming Food (Group) Co., Ltd. | 78497.51 | 35.222211 | unchanged |
| Shanghai Metropolitan Asset Management Co., Ltd. | 35824.93 | 16.074818 | Shanghai Metropolitan Asset Management Co., Ltd. | 35824.93 | 16.074818 | Shanghai Metropolitan Asset Management Co., Ltd. | 35824.93 | 16.074818 | 4 unchanged
| Shanghai Xinda Huirong Equity Investment Fund Management Co., Ltd.-Ningbo Qinrong Equity Investment Partnership (Limited Partnership) | 4024.54 | 1.805832 | unchanged |
| 4Bangxin Asset Management Co., Ltd. | 3824.54 | 1.716091 | unchanged |
| Guangxi Railway Development Investment Fund (Limited Partnership) | 3799.9 | 1.7050 33 | unchanged |
| Yang Jie | 2227.12 | 0.99932 | unchanged |
| 4 Jin Zhao | 2050.01 | 0.919848 | 0.13 |
| 4 Chen Kechun | 1951.55 | 0.87567 | unchanged |
| CITIC Certificate Co., Ltd. | 1833.2 | 0.822563 | 0.24 |
| Shanghai Yimin Food Factory (Group) Co., Ltd. | 1543.68 | 0.692658 | remain unchanged |
In terms of chip concentration, as of the end of the third quarter of 2022, the total number of shareholders of the company was 43,200, a decrease of 3,965 from the end of the second quarter, a decrease of 8.41%; the average shareholding market value dropped from 116,700 yuan at the end of the second quarter to 110,900 yuan, a decrease of 4.97%.
