Gemdale(SH:600383)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 36.84% to CNY 1.50 billion year-on-year[4] - Operating revenue surged by 61.23% to CNY 11.11 billion compared to the same period last year[4] - Basic and diluted earnings per share increased by 37.50% to CNY 0.33[4] - The net profit after deducting non-recurring gains and losses increased by 37.43% to CNY 1.45 billion[4] - The company's operating revenue for Q1 2019 reached ¥11,114,742,315.83, representing a 61.23% increase compared to the previous period[20] - Net profit for Q1 2019 was RMB 2,477,826,270.13, up from RMB 1,401,997,488.07 in Q1 2018, indicating a growth of approximately 76.9%[33] - Net profit for Q1 2019 reached approximately ¥1.83 billion, up from ¥1.17 billion in Q1 2018, representing a year-over-year increase of 56.4%[34] Assets and Liabilities - Total assets increased by 2.88% to CNY 286.37 billion compared to the end of the previous year[4] - The total liabilities of the company as of March 31, 2019, were approximately 218.09 billion RMB, compared to 211.88 billion RMB at the end of 2018[29] - The company's total assets reached approximately 286.37 billion RMB, an increase from 278.36 billion RMB at the end of 2018[29] - Current assets totaled ¥227,637,400,534.57, a decrease of ¥51,341,472.68 compared to the previous figure of ¥227,586,059,061.89[43] - Total liabilities reached ¥211,877,467,806.59, remaining unchanged from the previous report[44] - The company's equity totaled ¥66,477,564,861.59, showing a slight increase from ¥66,456,842,292.10, with a change of -¥20,722,569.49[44] Cash Flow - The company reported a net cash flow from operating activities of CNY -4.82 billion, a decrease from CNY -3.04 billion in the previous year[4] - The net cash flow from operating activities was -1,578,869,693.19 RMB, compared to -8,047,320,716.79 RMB in the same quarter of 2018, indicating an improvement[40] - Cash inflow from investment activities totaled 3,375,868,683.26 RMB, significantly higher than 232,497,980.45 RMB in Q1 2018[40] - The net cash flow from financing activities was 5,053,660,094.27 RMB, down from 10,975,593,365.54 RMB in the previous year[41] Construction and Projects - The company commenced construction on approximately 2.88 million square meters of new projects, a 6% increase year-on-year[7] - The company completed approximately 1.26 million square meters of projects, a 107% increase compared to the previous year[7] - The company has multiple ongoing projects, with a total planned construction area of 2,200,000 square meters across various locations[10] - The company has ongoing projects in various locations, with a total planned construction area of 1,500,000 square meters across multiple developments[12] - The company has ongoing residential projects in Shenyang, with a total planned construction area of 250,675 square meters for the Shenyang Banshanlu project, which is currently 48% complete[15] Market Expansion - The company is actively expanding its market presence with multiple residential and commercial projects across various districts[8] - The company is expanding its market presence with multiple ongoing projects across different districts in Shanghai[11] - The company is expanding into new markets, with ongoing residential projects in Changchun and Harbin, indicating a strategic focus on regional growth[15] Financial Management - The company adjusted the coupon rate of the "16 Jindi 01" bonds to 4.35%, with 200,000 bonds repurchased for a total amount of 20 million RMB, leaving a remaining balance of 1.28 billion RMB[21] - The company issued 3 billion RMB in short-term financing notes with a maturity of 270 days and an interest rate of 3.2%[22] - The overseas subsidiary Gemdale Ever Prosperity Investment Limited issued an additional 300 million USD in senior unsecured bonds at a coupon rate of 6.00%[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 53,471[6] - The company appointed Mr. Wang Nan as Vice President, effective from February 13, 2019[24]