Summary by Futu AI
China Jinmao Holdings Group's wholly-owned subsidiary, Shanghai Jinmao Investment Management Group Co., Ltd., has disclosed its unaudited major financial data for the nine months ended September 30, 2024. The data shows that the total assets of the company reached 350.236 billion RMB, an increase from the end of 2023, while the total liabilities also rose from 251.813 billion RMB to 260.588 billion RMB. Owner's equity decreased from 95.545 billion RMB to 89.648 billion RMB. End-of-period cash and cash equivalents decreased from 24.508 billion RMB to 21.295 billion RMB. Revenue and net profit were 30.082 billion RMB and 2.355 billion RMB respectively, showing a decrease from the same period last year. The gross margin remained at 14%. Shanghai Jinmao completed the equity acquisitions of companies like Xi'an Runmao Real Estate Co., Ltd. in 2023, and made retrospective adjustments to the relevant financial statements in accordance with Chinese Accounting Standards for Business Enterprises. The disclosure of this financial data complies with relevant Chinese regulations and has been made public on the designated website.