HTDC(SH:601188)2018-04-26 16:00Important Notice Statement on Report Authenticity The Board of Directors, Supervisory Board, and senior management affirm the report's truthfulness and completeness, with financial statements unaudited for the first quarter - Company management guarantees the truthfulness, accuracy, and completeness of the report content and financial statements4 - This company's Q1 2018 report is unaudited4 Company Basic Information Key Financial Data Q1 2018 saw revenue of 141 million yuan (+25.75%) and net profit of 83.17 million yuan (+9.78%), despite a 54.35% drop in operating cash flow Key Financial Indicators for Q1 2018 | Indicator | Current Period | Prior Year Period | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 141,326,903.23 | 112,391,343.08 | 25.75% | | Net Profit Attributable to Shareholders (Yuan) | 83,171,657.21 | 75,761,376.68 | 9.78% | | Net Cash Flow from Operating Activities (Yuan) | 66,758,170.25 | 146,241,411.34 | -54.35% | | Basic Earnings Per Share (Yuan/Share) | 0.063 | 0.058 | 8.62% | | Weighted Average Return on Net Assets (%) | 2.05% | 2.00% | Increased by 0.05 percentage points | | Indicator | Period-End | Prior Year-End | Period-End vs. Year-Start Change (%) | | Total Assets (Yuan) | 4,924,718,975.30 | 4,873,632,757.94 | 1.05% | | Net Assets Attributable to Shareholders (Yuan) | 4,091,959,464.69 | 4,008,869,351.40 | 2.07% | Details of Non-Recurring Gains and Losses | Item | Current Period Amount (Yuan) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -20,243.66 | - | | Fair Value Changes and Investment Income from Trading Financial Assets/Liabilities | 3,654,735.57 | Fair value change income from subsidiary's stock holdings | | Other Non-Operating Income and Expenses | -871,229.26 | Company's poverty alleviation donation expenses | | Impact on Minority Interests (After Tax) | -27,188.34 | - | | Income Tax Impact | 222,868.23 | - | | Total | 2,958,942.54 | - | Shareholder Holding Status As of Q1 2018, the company had 54,551 shareholders, with the top three holding 68.69% and no stated related party relationships - As of the end of the reporting period, the company had 54,551 shareholders10 Top Three Shareholders' Holdings | Shareholder Name | Period-End Holding Quantity (Shares) | Proportion (%) | | :--- | :--- | :--- | | Heilongjiang Provincial Expressway Group Co. | 440,482,178 | 33.48 | | Heilongjiang Yuanlong Jingyun Investment Management Partnership (Limited Partnership) | 246,000,000 | 18.69 | | China Merchants Highway Network Technology Holdings Co., Ltd. | 217,396,393 | 16.52 | - No related party relationships or concerted actions exist among the company's top three shareholders as defined by the "Measures for the Administration of the Takeover of Listed Companies"12 Significant Matters Significant Changes and Reasons for Key Financial Items Key financial items saw significant changes, including a 57.90% rise in operating costs and a 54.35% decline in operating cash flow due to real estate pre-sales Changes in Key Financial Items | Item | Change Magnitude (%) | Reason | | :--- | :--- | :--- | | Operating Cost | 57.90% | Recognition of costs from partial delivery of residential units by subsidiary Xintong Real Estate | | Financial Expenses | 200.61% | Increase in interest income due to higher cash reserves | | Non-Operating Expenses | 482.05% | Increase in company's external poverty alleviation donations | | Net Cash Flow from Operating Activities | -54.35% | Decrease in real estate pre-sales from subsidiary Xintong Real Estate | Other Significant Matters The company reports no significant undisclosed matters, unfulfilled commitments, or forecasted cumulative net profit changes for the period - No analysis or explanation of the progress, impact, or solutions for significant matters during the reporting period12 - No overdue unfulfilled commitments during the reporting period15 - The company has not issued a profit warning or forecasted significant changes in cumulative net profit from the beginning of the year to the end of the next reporting period15 Appendix Financial Statements This appendix presents the company's unaudited consolidated and parent company financial statements for Q1 2018 Consolidated Balance Sheet As of March 31, 2018, consolidated total assets reached 4.925 billion yuan (+1.05%), with total liabilities at 760 million yuan (-4.46%) Key Items from Consolidated Balance Sheet (Unit: Yuan) | Item | Period-End Balance | Year-Start Balance | | :--- | :--- | :--- | | Total Assets | 4,924,718,975.30 | 4,873,632,757.94 | | Total Liabilities | 759,565,517.97 | 795,035,544.36 | | Total Equity Attributable to Parent Company Owners | 4,091,959,464.69 | 4,008,869,351.40 | | Total Liabilities and Equity | 4,924,718,975.30 | 4,873,632,757.94 | Parent Company Balance Sheet As of March 31, 2018, the parent company reported total assets of 3.857 billion yuan and total owner's equity of 3.692 billion yuan Key Items from Parent Company Balance Sheet (Unit: Yuan) | Item | Period-End Balance | Year-Start Balance | | :--- | :--- | :--- | | Total Assets | 3,857,300,009.39 | 3,780,914,341.68 | | Total Liabilities | 165,203,740.27 | 162,065,950.54 | | Total Owner's Equity | 3,692,096,269.12 | 3,618,848,391.14 | Consolidated Income Statement Q1 2018 consolidated total operating revenue reached 141 million yuan (+25.75%), with net profit attributable to parent shareholders at 83.17 million yuan (+9.78%) Key Items from Consolidated Income Statement (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Total Operating Revenue | 141,326,903.23 | 112,391,343.08 | | III. Operating Profit | 102,873,289.02 | 89,110,807.54 | | IV. Total Profit | 101,981,816.10 | 89,457,264.79 | | Net Profit Attributable to Parent Company Shareholders | 83,171,657.21 | 75,761,376.68 | | Basic Earnings Per Share (Yuan/Share) | 0.063 | 0.058 | Parent Company Income Statement Q1 2018 parent company operating revenue was 80.49 million yuan, with net profit at 73.25 million yuan, both slightly down year-on-year Key Items from Parent Company Income Statement (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Operating Revenue | 80,494,603.76 | 87,140,260.83 | | II. Operating Profit | 86,099,006.32 | 86,868,405.53 | | IV. Net Profit | 73,247,877.98 | 74,292,011.68 | Consolidated Cash Flow Statement Q1 2018 consolidated net operating cash flow significantly decreased by 54.35% to 66.76 million yuan, with cash and equivalents at 1.08 billion yuan Key Items from Consolidated Cash Flow Statement (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 66,758,170.25 | 146,241,411.34 | | Net Cash Flow from Investing Activities | 712,664.84 | -2,226,735.23 | | Net Cash Flow from Financing Activities | -550,000.00 | -30,415,625.00 | | Net Increase in Cash and Cash Equivalents | 66,920,835.09 | 113,599,051.11 | | Cash and Cash Equivalents at Period-End | 1,079,883,603.25 | 703,292,166.48 | Parent Company Cash Flow Statement Q1 2018 parent company net operating cash flow was 51.91 million yuan, largely stable, with a 6.87 million yuan net inflow from investing activities Key Items from Parent Company Cash Flow Statement (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 51,907,090.73 | 53,490,867.04 | | Net Cash Flow from Investing Activities | 6,873,302.00 | 0.00 | | Net Increase in Cash and Cash Equivalents | 58,780,392.73 | 53,490,867.04 |