Gemdale(SH:600383)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders rose by 160.21% to CNY 870.79 million year-on-year[5] - Basic earnings per share increased by 171.43% to CNY 0.19[5] - Operating revenue decreased by 13.07% to CNY 5.84 billion compared to the same period last year[5] - The weighted average return on equity increased by 1.31 percentage points to 2.3%[5] - The company reported non-recurring gains and losses totaling CNY 7.69 million for the period[5] - The total comprehensive income attributable to the parent company was CNY 856,559,015.62, up from CNY 287,568,937.38 year-over-year[32] - The company reported a net profit for Q1 2017 of CNY 1,036,938,484.09, representing an increase of 60.49% compared to CNY 646,022,432.64 in Q1 2016[31] Assets and Liabilities - Total assets increased by 6.40% to CNY 163.46 billion compared to the end of the previous year[5] - The total liabilities increased to CNY 109,193,884,589.37, up from CNY 100,530,387,270.24 at the beginning of the year, marking a growth of 6.63%[24] - The total equity attributable to shareholders of the parent company was CNY 38,287,357,858.47, an increase from CNY 37,430,906,350.97, reflecting a growth of 2.29%[24] - The company's cash and cash equivalents decreased to CNY 8,013,705,918.83 from CNY 9,596,178,329.08, a decline of 16.52%[26] - The total current liabilities rose to CNY 33,917,379,514.07, an increase of 7.61% from CNY 31,519,387,212.07 at the beginning of the year[28] Cash Flow - The net cash flow from operating activities was negative at CNY -4.21 billion, compared to CNY -498.92 million in the previous year[5] - Cash flow from operating activities showed a net outflow of CNY 4,210,380,415.75, worsening from a net outflow of CNY 498,923,882.61 in the previous year[38] - Cash inflow from financing activities was $5,701,013,027.47, down from $7,876,153,005.13[42] - Net cash flow from financing activities increased significantly to $3,114,229,153.42 from $720,818,290.93[42] Construction and Projects - Shenzhen Tianyue Bay completed with a total construction area of 389,124 square meters and a rental area of 241,329 square meters[11] - Guangzhou Lihu City is 99% complete with a total construction area of 3,264,289 square meters and a rental area of 2,753,642 square meters[11] - The company has multiple ongoing projects across various cities, indicating a strong market expansion strategy[11] - The overall completion rates of projects range from 23% to 100%, showcasing diverse stages of development across the portfolio[11] - The company has ongoing residential projects in various locations, with a total construction area of 4,200,000 square meters across multiple projects[13] Market Expansion - The company is actively pursuing new strategies for market expansion, focusing on residential and mixed-use developments across various cities[12] - The company is expanding its market presence with new projects in Nanjing and Yangzhou, with completion rates of 100% and 56% respectively[12] - The company is expanding its market presence with new projects in cities like Cixi and Taizhou, focusing on residential and mixed-use developments[14] Investment and Income - Investment income rose by 122.88% to CNY 224.82 million, driven by profits from joint ventures[17] - Rental income from commercial and office properties was CNY 15,990.73 million, representing 1.3% of fair value[17] - The company reported an investment income of CNY 224,815,948.52, which is a significant increase from CNY 100,867,635.78 in the previous year[31]