Executive Summary
CD International Investment Group Limited reported QQ3 2024 revenue of 55,116,490,500 CNY, marking a QoQ surge of 236.56% and a modest YoY growth of 0.15%. The quarter delivered a gross profit of 7,534,846,000 CNY and operating income of 4,309,224,500 CNY, implying gross and operating margins of 13.67% and 7.82%, respectively. Net income stood at 1,993,385,500 CNY with a net margin of 3.62% and diluted EPS of 0.88 CNY. The results reflect a shift in quarterly mix toward higher development activity in QQ3, supported by substantial liquidity reserves. However, the balance sheet shows a high debt burden alongside an outsized inventory position, underscoring the exposure to development cycles and policy risk in China’s real estate sector.
Key Performance Indicators
QoQ: 286.13% | YoY:34.53%
QoQ: 449.31% | YoY:46.94%
QoQ: 387.94% | YoY:30.50%
QoQ: 261.90% | YoY:-3.80%
Key Insights
Revenue: 55116490500 (YoY 0.15%, QoQ 236.56%); Gross Profit: 7534846000; Gross Margin: 13.67%; Operating Income: 4309224500; Operating Margin: 7.82%; EBITDA: 4317371500; Net Income: 1993385500; Net Margin: 3.62%; EPS (basic/diluted): 0.76 / 0.88; Cash & Equivalents: 57259153000; Short-term Investments: 5201681000; Cash & Short-term Investments: 62460834000; Total Current Assets: 377385247000; Total Assets: 412483385000; Total Liabilities: 309978492000; Total Equity: 37559870000; Current ...
Financial Highlights
Revenue: 55116490500 (YoY 0.15%, QoQ 236.56%); Gross Profit: 7534846000; Gross Margin: 13.67%; Operating Income: 4309224500; Operating Margin: 7.82%; EBITDA: 4317371500; Net Income: 1993385500; Net Margin: 3.62%; EPS (basic/diluted): 0.76 / 0.88; Cash & Equivalents: 57259153000; Short-term Investments: 5201681000; Cash & Short-term Investments: 62460834000; Total Current Assets: 377385247000; Total Assets: 412483385000; Total Liabilities: 309978492000; Total Equity: 37559870000; Current Ratio: 1.633; Quick Ratio: 0.564; Inventory: 247029980000; Inventory Turnover: 0.193x; Fixed Asset Turnover: 70.38x; Debt to Capitalization: 0.693; Debt/Equity: 2.25; ROA: 0.48%; ROE: 5.31%; P/B: 0.92; P/S: 0.63; P/E: 4.34; Enterprise Value/EBITDA: 14.36; Free Cash Flow: 3470113500; Net Change in Cash: -46255626000
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
55.12B |
0.15% |
236.56% |
| Gross Profit |
7.53B |
34.53% |
286.13% |
| Operating Income |
4.31B |
46.94% |
449.31% |
| Net Income |
1.99B |
30.50% |
387.94% |
| EPS |
0.76 |
-3.80% |
261.90% |
Key Financial Ratios
operatingProfitMargin
7.82%
Management Commentary
No QQ3 2024 earnings call transcript was provided in the data set. Consequently, management quotes and thematic highlights from the call are not available within this report.
Forward Guidance
Management did not disclose explicit QQ4 2024 guidance in the provided data. Given the strong QQ3 revenue spike driven by development activity and the large inventory base, investors should monitor: (1) progression of inventory realization and potential monetization of development projects; (2) liquidity management and capex cadence in property development; (3) policy and credit conditions for developers in China, which can affect financing access and project timelines. Near-term upside would hinge on continued demand for developed properties and favorable financing conditions; downside risk remains elevated from regulatory tightening, policy shifts, and project-specific execution risk in high-leverage real estate portfolios.