SPG(200029)

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深深房B(200029) - 2020 Q4 - 年度财报
2021-03-19 16:00
Financial Performance - The company's operating revenue for 2020 was CNY 1,615,009,713.88, a decrease of 36.63% compared to CNY 2,548,740,319.49 in 2019[19]. - The net profit attributable to shareholders for 2020 was CNY 290,229,772.23, down 47.47% from CNY 552,452,307.59 in 2019[19]. - The net cash flow from operating activities was CNY 285,164,013.17, reflecting a decline of 52.76% compared to CNY 603,607,724.75 in the previous year[19]. - Basic earnings per share for 2020 were CNY 0.2869, a decrease of 47.46% from CNY 0.5461 in 2019[19]. - Total revenue for 2020 was CNY 1,615,009,713.88, a decrease of 36.63% compared to CNY 2,548,740,319.49 in 2019[51]. - Revenue from the real estate sector was CNY 1,158,411,393.81, accounting for 71.73% of total revenue, down 42.59% year-on-year[51]. - The company's gross profit margin for the real estate sector was 66.54%, a decrease of 8.82% from the previous year[53]. - Total operating costs were CNY 805,508,448.68, down 15.90% from CNY 957,752,652.54 in 2019[56]. - The company reported a total of CNY 105,366,757.84 from its top five customers, representing 6.52% of total sales[58]. - The top five suppliers accounted for CNY 285,468,647.66 in purchases, which is 66.78% of total procurement[58]. Asset and Liabilities - Total assets at the end of 2020 amounted to CNY 4,936,916,746.74, representing a slight increase of 0.55% from CNY 4,909,669,536.09 at the end of 2019[19]. - The net assets attributable to shareholders increased by 3.56% to CNY 3,797,512,488.22 at the end of 2020, compared to CNY 3,666,874,569.99 at the end of 2019[19]. - The company reported a 19.66% decrease in equity assets by the end of 2020 compared to the beginning of the year, primarily due to the investment income from joint ventures[32]. - Short-term borrowings increased by 48.88% by the end of 2020, attributed to the increase in receivables discounting[32]. - Cash and cash equivalents accounted for 54.44% of total assets at year-end, up from 51.15% at the beginning of the year, indicating improved liquidity[65]. - Inventory decreased by 5.06% to $1.22 billion, attributed to reduced real estate projects and sales turnover[65]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.87 per 10 shares to all shareholders based on a total share capital of 1,011,660,000 shares as of December 31, 2020[6]. - The cash dividend per 10 shares decreased from 1.65 yuan in 2019 to 0.87 yuan in 2020, reflecting a reduction of approximately 47%[86]. - The total cash dividend amount for 2020 is ¥88,014,420, which represents 30.33% of the net profit attributable to ordinary shareholders[87]. - The total distributable profit for the period is ¥1,360,786,232.53, with cash dividends accounting for 100% of the profit distribution[89]. Operational Challenges - The company has indicated that its future operational plans may be influenced by various factors, highlighting potential investment risks[6]. - The company achieved a 25% year-on-year reduction in expenses through strengthened budget execution and monitoring[39]. - The company provided over 18 million yuan in rent reductions to tenants in response to government calls for pandemic support[39]. - The company maintained a zero-accident safety record throughout the year, conducting over 100 safety inspections and 50 training sessions[40]. - The company successfully implemented effective pandemic prevention measures, ensuring no group infections occurred in its properties throughout the year[37]. Market and Project Performance - The company achieved a sales rate of approximately 80% for the Chuanqi Donghu Mingyuan project and 95% for the Cuilin Garden project in Shenzhen[31]. - The Tianyue Bay project in Shantou had a cumulative sales rate of about 70% for phase one, with phase two construction reaching completion in June 2020[31]. - The company maintained a first-time occupancy rate of nearly 95% in Shenzhen and 91% in Shantou for the year[38]. - The company is currently undergoing an asset restructuring process, with ongoing discussions about the progress and expected resumption of trading[80]. Governance and Management Changes - The company appointed Liu Zhengyu as the new chairman on January 15, 2020, following the retirement of the previous chairman Zhou Jianguo[136]. - The company reported significant management changes, including the appointment of Tang Xiaoping as the new general manager on December 14, 2020[137]. - The company is focusing on expanding its management team with new independent directors, including He Zuowen and Mi Xuming, appointed on June 30, 2020[137]. - The company aims to strengthen its governance structure by electing new members to the supervisory board and board of directors[137]. - The company has a diverse board with both male and female representation among its directors and supervisors[134]. Investor Relations - The company has been actively engaging with investors to discuss its fundamental situation and restructuring plans[81]. - There have been multiple communications with individual investors regarding the company's operational performance and restructuring updates throughout 2020[81]. - The company has not provided written materials during most of the investor communications, indicating a focus on verbal updates[80]. - A total of 66 individual investors participated in the investor calls, with no institutional investors involved[83]. Audit and Compliance - The audit opinion issued was a standard unqualified opinion, indicating that the financial statements fairly present the company's financial position as of December 31, 2020[182]. - The company confirmed revenue recognition for real estate projects only when specific conditions are met, including signed sales contracts and completion of property inspections[188]. - The audit identified key audit matters, including revenue recognition for real estate development projects and the provision for land value-added tax[194]. - The company reported no significant internal control deficiencies during the reporting period[173]. Future Outlook - The company aims to stabilize operations and focus on project expansion, safety management, and execution in 2021[77]. - The company plans to explore new growth areas through acquisitions, cooperative developments, and public land bidding[78]. - The company faces risks including macroeconomic instability, industry regulation, and talent retention challenges[77]. - The company is committed to maintaining stability in its leadership while adapting to market changes and challenges[138].
深深房B(200029) - 2020 Q3 - 季度财报
2020-10-29 16:00
Financial Performance - Operating revenue for the period was CNY 621,402,307.38, a decrease of 4.72% year-on-year, and a 36.03% decline for the year-to-date period[8] - Net profit attributable to shareholders was CNY 101,565,292.91, down 4.51% for the period and down 54.76% year-to-date[8] - The company expects a cumulative net profit for the year to be between 26,000 and 30,000 thousand yuan, a decrease of approximately 48.36% compared to the previous year's profit of 50,350 thousand yuan[24] - Basic earnings per share are projected to decline to between 0.2570 and 0.2965 yuan, down from 0.4977 yuan in the same period last year, reflecting a decrease of about 48.36%[24] - The decrease in profit is attributed to a year-on-year reduction in the sales turnover of real estate projects[24] - Total revenue for Q3 2020 was CNY 621,402,307.38, a decrease of 4.6% compared to CNY 652,161,755.98 in Q3 2019[43] - Net profit for Q3 2020 was CNY 101,566,398.99, a decrease of 4.0% from CNY 106,401,502.05 in Q3 2019[45] - The company's operating profit for Q3 2020 was approximately CNY 253.26 million, a significant decrease from CNY 1.06 billion in the same period last year, reflecting a decline of about 76.16%[56] - The net profit for Q3 2020 was CNY 188.42 million, down from CNY 928.24 million year-over-year, representing a decrease of approximately 79.73%[56] Cash Flow - The net cash flow from operating activities was CNY 309,652,617.04, a decrease of 13.08% for the period and a significant drop of 90.65% year-to-date[8] - The company reported a 90.65% decrease in net cash flow from operating activities due to reduced cash inflow from real estate sales[15] - Cash flow from operating activities generated a net amount of CNY 97.41 million, a sharp decline from CNY 1.04 billion in the previous year, indicating a decrease of about 90.66%[57] - The total cash inflow from operating activities was CNY 1.45 billion, down from CNY 2.28 billion year-over-year, reflecting a decrease of about 36.47%[57] - The company reported cash inflows from investment activities of CNY 1.02 billion, compared to CNY 911.48 million in the previous year, marking an increase of about 12.09%[59] - The cash outflow from financing activities was CNY 166.92 million, slightly lower than CNY 204.33 million in the same period last year, indicating a decrease of approximately 18.24%[59] Assets and Liabilities - Total assets decreased by 4.57% to CNY 4,685,440,082.68 compared to the end of the previous year[8] - Current assets totaled CNY 3,971,970,220.79, down from CNY 4,166,705,581.12, indicating a decrease of about 4.67%[34] - Total liabilities decreased to CNY 1,127,111,549.31 from CNY 1,384,686,301.94, marking a reduction of about 18.58%[36] - The company reported a decrease in total current liabilities to CNY 1,118,944,910.31 from CNY 1,372,283,815.44, reflecting a decline of about 18.43%[36] - The inventory value as of September 30, 2020, was CNY 1,320,560,992.83, down from CNY 1,462,229,048.18, indicating a decrease of about 9.66%[34] - Accounts payable decreased significantly to CNY 149,221,512.05 from CNY 244,224,478.46, a reduction of approximately 38.93%[36] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 76,444[11] - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., held 63.55% of the shares[11] Corporate Actions - The company has applied for a continued suspension of trading due to a major asset restructuring, with the latest announcement made on October 14, 2020[20] - The major asset restructuring process is ongoing, with the company committed to disclosing progress at least every five trading days during the suspension period[18] - The company held an investor online briefing on March 10, 2017, to discuss the major asset restructuring and engage with investors[17] Financial Management - The company has not engaged in any securities or derivative investments during the reporting period[21][22] - There are no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[26] - The company has not conducted any major contracts or entrusted financial management during the reporting period[25] - The company has not reported any non-operating fund occupation by the actual controller or related parties during the reporting period[27] - The company has not reported any research and development expenses during the period, indicating a focus on operational efficiency rather than new product development[47] Changes in Accounting Standards - The company has implemented new revenue and leasing standards starting from 2020, affecting the financial reporting[64] - The implementation of the new revenue recognition standard has resulted in reclassification adjustments primarily affecting "contract liabilities," "advance receipts," and "taxes payable"[71]
深深房B(200029) - 2020 Q1 - 季度财报
2020-04-29 16:00
Financial Performance - The company's operating revenue for Q1 2020 was ¥256,842,391.67, a decrease of 39.50% compared to ¥424,535,370.83 in the same period last year[7] - Net profit attributable to shareholders was ¥28,114,908.77, down 66.54% from ¥84,028,728.24 year-on-year[7] - Basic earnings per share decreased to ¥0.0278, down 66.55% from ¥0.0831 in the same period last year[7] - The company's operating profit for Q1 2020 was CNY 40,860,358.64, a decrease of 62.3% compared to CNY 108,454,918.51 in the same period last year[43] - Net profit for Q1 2020 was CNY 28,148,663.17, down 66.6% from CNY 84,076,857.44 year-over-year[43] - Total comprehensive income for Q1 2020 was CNY 29,034,566.20, a decline of 66.4% compared to CNY 86,363,415.75 in the previous year[44] Cash Flow - The net cash flow from operating activities was -¥435,258,963.67, a decline of 300.43% compared to ¥217,157,204.59 in the previous year[7] - Cash flow from operating activities was CNY 261,043,476.47, compared to CNY 687,255,636.15 in the previous year[49] - Total cash inflow from operating activities was 290,999,436.31 CNY, down from 697,483,181.39 CNY year-over-year[51] - Cash outflow from operating activities totaled 726,258,399.98 CNY, an increase from 480,325,976.80 CNY in the same period last year[51] - The company experienced a net decrease in cash and cash equivalents of -435,159,128.89 CNY, contrasting with an increase of 1,128,251,442.14 CNY in the previous year[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,499,382,506.19, an 8.36% decrease from ¥4,909,669,536.09 at the end of the previous year[7] - The total liabilities decreased from CNY 1,384,686,301.94 to CNY 945,364,705.83, indicating a reduction of approximately 31.6%[35] - The company's accounts payable decreased from CNY 244,224,478.46 to CNY 181,369,294.21, a reduction of about 25.7%[33] - The total current liabilities decreased from CNY 1,372,283,815.44 to CNY 932,486,216.71, a reduction of approximately 32.1%[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 76,443, with the largest shareholder holding 63.55% of the shares[10] - The company's equity attributable to shareholders increased to CNY 3,695,538,782.58 from CNY 3,666,874,569.99, reflecting a growth of about 0.8%[35] Operational Changes - Sales expenses decreased by 73.92% year-on-year, primarily due to the suspension of marketing activities caused by the COVID-19 pandemic[14] - The company is actively progressing with its major asset restructuring, with plans to disclose the restructuring proposal or report by May 14, 2020[17] - The company has applied for a stock suspension to prevent abnormal price fluctuations during the restructuring process, effective from April 14, 2020, for a period not exceeding one month[17] - The company has been in communication with investors regarding the progress of its asset restructuring, with multiple phone consultations held in early 2020[25] Investment Activities - The company reported a 100% decrease in cash flow from investment activities, attributed to the maturity of a structured deposit of ¥900 million in March 2019[14] - The net cash flow from investment activities was -27,007.52 CNY, compared to 911,323,456.25 CNY in the previous year, reflecting a drastic reduction in investment returns[51] - The cash inflow from investment activities was 1,000.00 CNY, compared to 911,365,734.25 CNY in the previous year, indicating a substantial decrease[55] Future Outlook - The company expects a significant decline in net profit for the first half of 2020, projecting a range of CNY 8,000,000 to CNY 12,000,000, which represents a decrease of approximately 75.99% to 63.98% compared to the same period last year[20] - The company continues to focus on market expansion and new product development strategies to enhance future growth prospects[41] - The company did not report any new product developments or market expansions during this quarter[47]
深深房B(200029) - 2019 Q4 - 年度财报
2020-03-13 16:00
Financial Performance - The company's operating revenue for 2019 was CNY 2,548,740,319.49, representing a 17.17% increase compared to CNY 2,175,187,242.60 in 2018[16] - The net profit attributable to shareholders for 2019 was CNY 552,452,307.59, which is a 9.72% increase from CNY 503,498,831.60 in 2018[16] - The total profit reached 732 million yuan, reflecting a growth of 7.21% compared to the previous year[32] - The basic earnings per share for 2019 was CNY 0.5461, up 9.72% from CNY 0.4977 in 2018[16] - The company reported a significant decrease in residential sales revenue, which dropped by 37.74% to CNY 719.50 million, compared to CNY 1.44 billion in 2018[46] - The revenue from real estate development projects for the year was 2.018 billion yuan, accounting for 79.65% of the total operating income of the company[190] Cash Flow and Assets - The net cash flow from operating activities decreased by 43.19% to CNY 603,607,724.75 from CNY 1,062,567,405.59 in the previous year[16] - The total assets at the end of 2019 were CNY 4,909,669,536.09, a 5.22% increase from CNY 4,665,891,514.25 at the end of 2018[16] - The net assets attributable to shareholders increased by 10.04% to CNY 3,666,874,569.99 from CNY 3,332,259,641.39 in 2018[16] - The company's cash and cash equivalents increased by 722.34% to ¥358,667,324.42, driven by higher sales revenue[60] - The company's inventory decreased by 6.44% to ¥1,462,229,048.18, indicating improved inventory management[62] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.65 per 10 shares, totaling CNY 166,000,000 based on the total share capital of 1,011,660,000 shares[5] - The total cash dividend for 2019 amounted to ¥166,923,900, representing 30.22% of the net profit attributable to ordinary shareholders[88] - The total distributable profit for the year was ¥1,280,197,219.96, with cash dividends accounting for 100% of the profit distribution[90] Real Estate Sector Performance - Revenue from the real estate sector accounted for 79.17% of total revenue, increasing from 73.35% in the previous year[46] - The gross profit margin for the real estate sector improved to 75.35%, up by 3.28% compared to the previous year[49] - Sales volume in the real estate development sector increased by 40.77% year-on-year, attributed to promotional activities[50] Operational Challenges and Future Plans - The company faced significant challenges due to asset restructuring, resulting in no new land reserves in recent years, impacting its ongoing operations[79] - The COVID-19 pandemic severely impacted the company's original marketing plans, leading to pressure on annual revenue and performance targets[79] - The company anticipates a stable development in the Shenzhen real estate market for 2020, despite short-term pressures from the COVID-19 pandemic[77] - The company plans to accelerate the development of existing land and projects while cautiously seeking new investment opportunities[78] Governance and Management - The company has a diverse management team with experience in various sectors, including finance, construction, and legal affairs[147] - The company is committed to enhancing its governance structure with independent directors like Song Botong and Zhang Shunwen[146] - The company has implemented a performance-based salary system for employees, while senior management operates under an annual salary system[156] Internal Controls and Audit - The internal control audit report confirmed that the company maintained effective financial reporting controls as of December 31, 2019[174] - The audit identified key audit matters, including revenue recognition for real estate development and land value-added tax estimation[187] - There were no significant internal control deficiencies identified during the reporting period[172] Shareholder Structure and Changes - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 63.55% of the shares, totaling 642,884,262 shares[125] - The company reported no changes in the number of shares held by major shareholders during the reporting period[126] - The shareholder structure remains stable, with no significant changes in the top ten shareholders[126] Community Engagement and Social Responsibility - The company has actively participated in community service and social responsibility initiatives, including volunteer activities and donations[114] - The company donated 37,192.90 yuan to vulnerable groups and 30,000.00 yuan to families in need during the reporting period[114]
深深房B(200029) - 2019 Q3 - 季度财报
2019-10-29 16:00
Financial Performance - Operating revenue for the reporting period reached CNY 652,161,755.98, a 130.78% increase year-on-year[8] - Net profit attributable to shareholders increased by 136.70% to CNY 106,361,655.99 for the reporting period[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 105,876,740.20, up 136.54% year-on-year[8] - Basic earnings per share rose by 136.71% to CNY 0.1051[8] - Total operating revenue for the current period reached ¥652.16 million, a significant increase from ¥282.59 million in the previous period, representing a growth of 130.7%[41] - Net profit for the current period was ¥106.40 million, a substantial increase from ¥44.98 million, marking a growth of 136.0%[42] - Earnings per share (EPS) increased to ¥0.4345 from ¥0.3697, reflecting a growth of 17.5%[51] Asset and Equity Growth - Total assets increased by 14.81% to CNY 5,356,733,785.86 compared to the end of the previous year[8] - The company's total equity reached CNY 3,435,558,329.38, up from CNY 3,200,735,110.51, reflecting a growth of approximately 7.34%[34] - The total current assets reached CNY 3,713,677,956.99, up from CNY 2,664,353,869.82, representing an increase of approximately 39.3%[37] - The company's retained earnings increased significantly to CNY 1,473,069,622.12 from CNY 1,235,884,122.72, a growth of about 19.2%[34] Cash Flow - Cash flow from operating activities for the year-to-date reached CNY 1,041,915,679.29, up 56.73%[8] - The net cash flow from operating activities for Q3 2019 was CNY 1,041,915,679.29, an increase of 56.7% compared to CNY 664,798,431.71 in Q3 2018[58] - Total cash inflow from operating activities reached CNY 2,275,118,494.04, up from CNY 1,664,455,506.75 in the previous year, marking a growth of 36.7%[58] - The total cash and cash equivalents at the end of Q3 2019 stood at CNY 1,596,992,324.87, up from CNY 1,195,341,792.38 in the previous year, representing a 33.6% increase[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 76,443[11] - The largest shareholder, Shenzhen Investment Holdings, holds 63.55% of the shares[11] - There were no significant changes in the shareholding structure or any repurchase agreements during the reporting period[12] Liabilities and Financial Position - Current liabilities rose to CNY 1,913,946,532.06, compared to CNY 1,458,649,264.54, marking an increase of about 31.12%[33] - The total liabilities amounted to CNY 1,921,175,456.48, an increase from CNY 1,465,156,403.74, indicating a rise of approximately 31.06%[33] - Cash and cash equivalents decreased to CNY 1,115,908,985.50 from CNY 1,344,486,378.53, a decline of about 16.94%[36] Investment and Other Income - Investment income surged to ¥13,914,978.88, a significant increase of 1,582.38% from ¥827,100.00, attributed to higher returns from structured deposit investments[15] - The company reported an investment loss of ¥373,119.67, with no previous period losses recorded[41] Tax and Expenses - Tax and additional charges rose to ¥582,491,558.12, reflecting an 83.89% increase from ¥316,767,417.97, mainly due to tax provisions[15] - Tax expenses for the current period totaled ¥37.57 million, up from ¥17.46 million, which is an increase of 115.0%[42] - Sales expenses increased to ¥31.50 million from ¥4.07 million, representing a growth of 674.0%[41] - Management expenses slightly decreased to ¥12.34 million from ¥12.77 million, a decline of 3.4%[41] Restructuring and Commitments - The company has applied for a stock suspension due to significant asset restructuring, with ongoing progress reported[16][17] - The company has committed to disclosing updates on the restructuring process at least every five trading days during the suspension period[17] - The company has no overdue commitments from major shareholders or related parties during the reporting period[26]
深深房B(200029) - 2019 Q2 - 季度财报
2019-08-20 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,251,337,802.57, a decrease of 5.02% compared to CNY 1,317,541,631.35 in the same period last year[18]. - Net profit attributable to shareholders was CNY 333,155,843.41, reflecting a slight increase of 1.24% from CNY 329,066,084.53 year-on-year[18]. - The net cash flow from operating activities increased by 15.29% to CNY 685,675,245.10, compared to CNY 594,728,129.67 in the previous year[18]. - Total profit reached RMB 446 million, an increase of 1.28% year-on-year[31]. - The total comprehensive income for the first half of 2019 was CNY 333,259,783.41, compared to CNY 328,350,951.18 in the previous year, indicating a growth of 1.1%[119]. - The total comprehensive income for the first half of 2019 was 821,250,984.35 CNY[140]. Assets and Liabilities - Total assets as of June 30, 2019, reached CNY 5,069,809,256.04, an increase of 8.66% from CNY 4,665,891,514.25 at the end of the previous year[18]. - The company's net assets attributable to shareholders increased to RMB 3.463 billion, a growth of 3.93% compared to the end of the previous year[31]. - Total liabilities rose to CNY 1,738,146,362.12 from CNY 1,465,156,403.74, indicating an increase of approximately 18.6%[110]. - The company's equity attributable to shareholders increased to CNY 3,463,168,724.16 from CNY 3,332,259,641.39, reflecting a growth of about 3.9%[110]. Cash Flow - The company's cash and cash equivalents increased by 166.57% to ¥91,958,457.22, driven by sales and structured deposit activities[40]. - The net cash flow from investment activities was -257,167,486.03 CNY, compared to -429,799,835.82 CNY in the previous period, indicating an improvement of approximately 40%[131]. - The cash inflow from operating activities totaled CNY 1.59 billion, compared to CNY 1.17 billion in the first half of 2018, marking an increase of approximately 35.9%[127]. Dividends and Shareholder Information - The company plans to not distribute cash dividends or issue bonus shares for the reporting period[6]. - The company distributed dividends totaling 32,000,000.00 CNY during the period, maintaining a consistent payout strategy[135]. - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 63.55% of the shares, totaling 642,884,262 shares[92]. Project Development and Sales - The sales rate for the Chuanqi East Lake Mingyuan project is approximately 10%, while the sales rate for the Cui Lin Yuan project is about 80%[26]. - The Tianyue Bay project, developed by Shantou Huafeng Real Estate, has a sales rate of 40% for its first phase, which was launched in October 2016[52]. - The company has ongoing projects in Shenzhen and Shantou, including "传麒景苑" and "天悦湾", with significant investment amounts[32]. Operational Efficiency - The company has reduced key monitored expenses by 9.2% year-on-year, improving operational efficiency[35]. - The company continues to enhance its project development management system and cost control measures, contributing to improved core competitiveness[32]. Risks and Challenges - The company is facing risks from macroeconomic conditions and real estate industry policies, which may impact its main business operations[55]. - The company experienced a loss of 7.44 million CNY in the first half of 2019, primarily due to slower sales progress and interest payments on internal loans[52]. Asset Restructuring - The company is actively pursuing a major asset restructuring plan, with ongoing discussions and preparations for due diligence and audits[38]. - The company has ongoing major asset restructuring plans, with stock trading suspended since September 14, 2016[84]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern assumption, indicating no significant doubts about the company's ability to continue operations[151]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[153]. - The company recognizes impairment losses based on expected credit losses for financial assets measured at amortized cost and debt instruments measured at fair value[181].
深深房B(200029) - 2019 Q1 - 季度财报
2019-04-18 16:00
Financial Performance - The company's operating revenue for Q1 2019 was ¥424,535,370.83, representing a 183.90% increase compared to ¥149,537,691.65 in the same period last year[8] - Net profit attributable to shareholders was ¥84,028,728.24, a significant increase of 1,504.53% from a loss of ¥5,982,684.72 in the previous year[8] - Operating profit for Q1 2019 was CNY 108,454,918.51, a turnaround from an operating loss of CNY 9,566,001.66 in Q1 2018[38] - Net profit for Q1 2019 was CNY 84,076,857.44, a significant recovery from a net loss of CNY 5,951,742.52 in Q1 2018[38] - The company reported a total comprehensive income of CNY 86,363,415.75 for Q1 2019, compared to a loss of CNY -3,153,942.84 in the same period last year[39] - Basic earnings per share for the current period were ¥0.0597, compared to ¥0.0065 in the previous period[42] Cash Flow and Liquidity - The net cash flow from operating activities was ¥217,157,204.59, showing a 5.76% increase from ¥205,338,536.04 in the same period last year[8] - The company's cash and cash equivalents increased to CNY 2,276,863,878.07 from CNY 2,048,522,435.93, reflecting a growth of approximately 11.1%[28] - The net cash flow from operating activities for Q1 2019 was CNY 336,292,870.60, a significant increase from CNY 126,995,263.95 in the same period last year, representing a growth of approximately 164%[49] - The total cash and cash equivalents at the end of Q1 2019 reached CNY 1,692,144,983.38, up from CNY 747,376,870.21 at the end of Q1 2018, reflecting a year-over-year increase of approximately 126%[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,830,618,474.80, up 3.53% from ¥4,665,891,514.25 at the end of the previous year[8] - Total current liabilities rose to CNY 1,536,284,516.86, compared to CNY 1,458,649,264.54, indicating an increase of about 5.3%[30] - Total liabilities increased to CNY 1,076,695,824.81, up from CNY 797,481,215.74, reflecting a growth of approximately 35%[35] - The company's total equity as of March 31, 2019, was CNY 3,287,098,526.26, up from CNY 3,200,735,110.51, representing a growth of approximately 2.7%[31] Tax and Expenses - The company reported a 3608.67% increase in taxes and surcharges, primarily due to the recognition of land value-added tax from real estate sales[15] - The company reported a total tax payment of CNY 28,622,025.86 for the quarter, compared to CNY 7,159,077.72 in the previous year, showing an increase of about 300%[49] - The company incurred sales expenses of ¥10,905,238.86, which is a notable increase from ¥175,734.43 in the previous period[40] - The financial expenses showed a net income of -¥2,692,984.60, compared to -¥6,393,134.73 in the previous period, indicating improved financial management[40] Investments and Restructuring - The net cash flow from investment activities increased by 121,547.34%, mainly due to the recovery of principal and income from a ¥900 million structured deposit[15] - The company has been actively pursuing a major asset restructuring, with ongoing efforts to mitigate stock price volatility and protect minority shareholders[17] - The company has committed to disclosing progress on the asset restructuring at least every five trading days during the suspension period[17] - The company did not engage in any securities or derivative investments during the reporting period[19][20] Operational Insights - The company has not conducted any repurchase transactions among its top shareholders during the reporting period[12] - There were no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[22] - The company did not report any violations regarding external guarantees during the reporting period[22] - The report did not provide specific guidance for future performance or market expansion strategies, indicating a cautious outlook[49] - There were no new product launches or technological advancements mentioned in the report, suggesting a potential area for future growth[49]
深深房B(200029) - 2018 Q4 - 年度财报
2019-03-28 16:00
Financial Performance - The company's operating revenue for 2018 was CNY 2,175,187,242.60, representing a 61.61% increase compared to CNY 1,345,912,605.09 in 2017[17] - The net profit attributable to shareholders for 2018 was CNY 503,498,831.60, a significant increase of 172.18% from CNY 184,988,512.42 in 2017[17] - The basic earnings per share for 2018 was CNY 0.4977, up 172.12% from CNY 0.1829 in 2017[17] - The total profit reached 683 million yuan, a year-on-year growth of 179.76%[31] - The company reported a net profit for the year, with a distributable profit of CNY 615,038,028.05, and proposed a cash dividend of CNY 2.00 per 10 shares[75] - The total cash dividend amount is CNY 202,332,000.00, which accounts for 100% of the profit distribution[75] Cash Flow - The net cash flow from operating activities reached CNY 1,062,567,405.59, a remarkable increase of 6,069.10% compared to a negative cash flow of CNY -17,801,139.64 in 2017[17] - Operating cash inflow increased by 56.20% year-on-year, amounting to ¥2,274,046,624.46 in 2018 compared to ¥1,455,861,556.49 in 2017[51] - Operating cash outflow decreased by 17.79% year-on-year, totaling ¥1,211,479,218.87 in 2018, down from ¥1,473,662,696.13 in 2017[51] Assets and Liabilities - The total assets at the end of 2018 amounted to CNY 4,665,891,514.25, reflecting a 16.96% increase from CNY 3,989,263,981.96 at the end of 2017[17] - The net assets attributable to shareholders increased by 17.82% to CNY 3,332,259,641.39 at the end of 2018, compared to CNY 2,828,242,120.98 at the end of 2017[17] - The asset-liability ratio decreased to 31.40%, down by 0.92 percentage points from the previous year[31] - Total liabilities increased to RMB 1,465,156,403.74 from RMB 1,289,241,420.42, reflecting a growth of 13.7%[179] Revenue Segments - Real estate segment revenue reached CNY 1.60 billion, a significant increase of 163.02% from CNY 606.59 million in the previous year, accounting for 73.35% of total revenue[41] - The residential product line generated CNY 1.44 billion in revenue, marking a 165.56% increase from CNY 540.39 million in 2017[42] - The company achieved a total sales area of 47,808 M2 during the reporting period, with a total saleable area of 237,751 M2[34] Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 202,332,000 based on 1,011,660,000 shares[5] - The total number of shareholders at the end of the reporting period was 76,443, with no changes reported in the shareholder structure[112] - The largest shareholder, Shenzhen Investment Holdings, held 63.55% of the shares, indicating a significant concentration of ownership[112] Management and Governance - The company has a total of 6 current directors, with backgrounds in various sectors including finance and urban development[127] - The company’s management team includes individuals with extensive experience in finance, law, and real estate, contributing to strategic decision-making[130] - The company’s governance structure includes a mix of independent and internal directors, ensuring diverse perspectives[127] Internal Controls and Auditing - The company maintained effective internal control over financial reporting as of December 31, 2018, according to the internal control audit report[154] - The audit opinion issued was a standard unqualified opinion, confirming the fair presentation of the financial statements[161] - The company did not identify any significant internal control deficiencies during the reporting period[152] Community Engagement and Corporate Social Responsibility - The company has actively participated in community service and charitable activities, including donations to the Shenzhen Charity Association[100] - The company is currently involved in a significant asset restructuring process, with stock trading suspended since September 14, 2016[102]