Seazen(SH:601155)2021-04-28 16:00Financial Performance - Operating revenue surged by 148.69% to CNY 17.63 billion year-on-year[4] - Net profit attributable to shareholders rose by 98.40% to CNY 541.36 million compared to the same period last year[4] - Basic earnings per share doubled to CNY 0.24 from CNY 0.12 in the previous year[4] - Net profit for Q1 2021 was ¥619,191,995, up 109.8% from ¥295,477,666 in Q1 2020[18] - Total operating revenue for Q1 2021 reached ¥17,634,749,467, a significant increase of 148.5% compared to ¥7,090,969,657 in Q1 2020[17] - The company's operating revenue for Q1 2021 was CNY 282,256,760, compared to CNY 34,445,488 in Q1 2020, representing a significant increase[19] Assets and Liabilities - Total assets increased by 5.79% to CNY 568.90 billion compared to the end of the previous year[4] - Total current assets as of March 31, 2021, amounted to ¥442.41 billion, an increase from ¥417.87 billion as of December 31, 2020, representing a growth of approximately 5.3%[12] - Total liabilities as of March 31, 2021, were ¥484.32 billion, up from ¥455.61 billion, indicating an increase of approximately 6.3%[14] - The company's total equity rose to ¥84.58 billion from ¥82.14 billion, reflecting an increase of about 2.9%[14] - The total non-current assets as of March 31, 2021, amounted to ¥126.49 billion, an increase from ¥119.89 billion, indicating a growth of about 5.5%[13] Cash Flow - Net cash flow from operating activities improved to CNY -4.77 billion, an increase from CNY -5.49 billion year-on-year[4] - Cash flow from operating activities showed a net outflow of CNY 4,771,339,656 in Q1 2021, an improvement from a net outflow of CNY 5,494,674,414 in Q1 2020[22] - The total cash inflow from investment activities reached 72,033,462,608 RMB, significantly up from 7,702,657,874 RMB in the same period last year[24] - The net cash flow from investment activities was 1,930,428,232 RMB, compared to -1,571,638,747 RMB in Q1 2020, indicating a positive turnaround[24] - The total cash outflow from operating activities was 925,597,493 RMB, a decrease from 1,020,190,395 RMB in Q1 2020[24] Shareholder Information - The total number of shareholders reached 40,269 by the end of the reporting period[7] - The largest shareholder, Fuyue Development Group, holds 60.96% of the shares, with 307.97 million shares pledged[7] Expenses and Costs - Operating costs amounted to CNY 14,049,199,491, reflecting a significant increase of 225.08% from CNY 4,321,807,202 due to the growth in delivered real estate projects[9] - Sales expenses increased by 30.27% to CNY 908,738,700, driven by higher planning agency fees and sales commissions[9] - The company reported a total cost of operations of ¥16,954,991,324, up from ¥6,738,281,326 in the same period last year[17] Investment and Income - Investment income surged by 224.32% to CNY 155,660,903, attributed to increased project deliveries from joint ventures compared to the previous year[9] - The company reported a non-operating income of CNY 18.60 million during the period[6] - The company received CNY 2,393,421,139 from new investments in Q1 2021, a notable increase from CNY 269,915,987 in Q1 2020, indicating strong investor confidence[22] Other Financial Metrics - The weighted average return on equity increased by 0.35 percentage points to 1.06%[4] - The company reported a credit impairment loss of CNY 145,256,456, a rise of 199.66% from CNY 48,473,819, due to an increase in other receivables[9] - The company’s tax expenses for Q1 2021 were ¥174,225,895, compared to ¥103,079,758 in Q1 2020[18] Legal and Regulatory Matters - The company is involved in significant litigation regarding a share transfer contract, with the amount in question being CNY 1,015,713,900[11] - The company is in the process of a non-public stock issuance, with the validity period extended by 12 months until March 25, 2022[10]