Financial Performance - Revenue for the nine months ended December 31, 2018, was RMB 1,255,548,000, representing an increase of 126.8% compared to the previous period[22]. - Operating profit after tax for the same period was RMB 306,022,000, a significant increase of 206.4%[22]. - Profit attributable to owners of the Company for the Reporting Period was RMB 512,068,000, a turnaround from a loss of RMB 4,626,354,000 in the Previous Period[35]. - Basic earnings per share for the Reporting Period was RMB 4.60 cents, compared to a loss per share of RMB 59.64 cents in the Previous Period[35]. - Operating profit before tax increased to RMB 569,431,000, representing a growth of 218.3% compared to RMB 178,915,000 in the previous period[82]. - The profit for the Reporting Period was approximately RMB 502,458,000, a significant recovery from a loss of approximately RMB 4,626,354,000 in the Previous Period[108]. - The gross profit from sales of properties was RMB 304,021 thousand, reflecting a 36.9% increase compared to the previous period[71]. - Rental income surged to RMB 16,545 thousand, marking an increase of 5,566.1% compared to the previous period[71]. - Property sales revenue for the reporting period was approximately RMB 1,239,003,000, a significant increase of 123.9% compared to the previous period's RMB 553,257,000[84]. Assets and Liabilities - Total assets as of December 31, 2018, reached RMB 11,676,137,000, up 99.2% from RMB 5,860,960,000 as of March 31, 2018[23]. - Total liabilities increased to RMB 9,894,744,000, reflecting a rise of 77.6% compared to RMB 5,572,395,000[23]. - Net assets surged to RMB 1,781,393,000, marking a substantial increase of 517.3% from RMB 288,565,000[23]. - The Group's current assets were approximately RMB 9,482,426,000, an increase of 107.5% from RMB 4,566,069,000 as of March 31, 2018[114]. - The Group's current liabilities as of December 31, 2018, were approximately RMB 6,240,841,000, compared to RMB 3,886,397,000 as of March 31, 2018[114]. - The Group's total bank and other borrowings as of December 31, 2018, amounted to approximately RMB 4,326,419,000, up from RMB 2,226,326,000 as of March 31, 2018[109]. - The net gearing ratio as of December 31, 2018, was 164.8%, a significant decrease from 630.5% as of March 31, 2018[109]. Market Strategy and Development - The company is focusing on market expansion and new product development as part of its growth strategy[27]. - Future outlook includes continued investment in completed properties and properties under development to enhance revenue streams[27]. - The company plans to explore potential mergers and acquisitions to further strengthen its market position[27]. - The Group has established a clear development roadmap, focusing on first- and second-tier cities, and has acquired several property projects with significant potential, including residential and commercial properties[28]. - The strategic positioning of the Guangdong-Hong Kong-Macao Greater Bay Area as a vibrant city cluster presents new business development opportunities for the Group[32]. - The Group's development in the past year has reinforced its industry presence and established a cross-regional business network, with Changsha as the hub[28]. - The Group anticipates that the warming of the property market will increase income and provide opportunities for asset appreciation from its acquired projects[28]. - The Group's strategy includes actively seeking development projects with immense potential to ensure sustainable growth[28]. Financing and Investments - The Group has entered into a financing arrangement with Daye Trust, providing up to RMB 500 million for a term not exceeding 48 months, with an initial interest rate of 9% for the first year and 10% for subsequent years[190]. - The Group's business operations require external funding, and it has obtained financing with repurchase obligations from trust companies and financial institutions in China[191]. - A separate financing arrangement with Hunan Xingru provided a maximum financing amount of approximately RMB 690,000,000 for a term of two years, with an interest rate of 8.5% for the first year and 10% for the second year[197][198]. - The company invested RMB 2,500,000 in the Qiantan Fusheng Qianlong Square property project in Shanghai, holding 20% equity in the joint venture[127]. - The Group completed the acquisition of 95% equity interest in Fuzhou Kangan for RMB 953,000,000, making it a wholly-owned subsidiary[132]. - The Group does not recommend the payment of any final dividend for the Reporting Period, consistent with the Previous Period[109]. Operational Highlights - The Group acquired 7 projects during the Reporting Period, with a total gross floor area attributable to the Group of approximately 822,000 sq.m.[35]. - As of December 31, 2018, the Group owned 14 projects under development or for sale, with a total gross floor area of approximately 1,735,000 sq.m.[35]. - The Group has 3 investment property projects with a gross floor area attributable to the Group of 48,000 sq.m.[35]. - The Group's project locations include Changsha, Shanghai, Fujian, Zhejiang, and Hong Kong, indicating a diversified market presence[35]. - Future projects include multiple phases in Changsha, with expected completion dates ranging from 2019 to 2022[43]. Corporate Governance and Compliance - The Company has maintained directors' and officers' liability insurance throughout the reporting period to cover legal actions arising from corporate activities[180]. - Directors and their close associates do not have interests in any competing businesses apart from the Group's operations[183]. - The Company has confirmed compliance with non-competition undertakings by controlling shareholders[183]. - The Group's dividend policy considers financial results, cash flow, business conditions, future operations, and capital requirements before declaring dividends[144].