2017-04-27 16:00Financial Performance - The company's operating revenue for Q1 2017 was ¥18,589,228,819.05, representing a 27.22% increase compared to ¥14,611,312,019.58 in the same period last year[9] - Net profit attributable to shareholders decreased by 16.54% to ¥695,411,556.91 from ¥833,232,885.76 year-on-year[9] - Basic and diluted earnings per share both decreased by 16.00% to ¥0.063 from ¥0.075 year-on-year[9] - The company reported a weighted average return on equity of 0.61%, down 0.22 percentage points from 0.83% in the previous year[9] - The company's operating revenue for Q1 2017 was RMB 18.59 billion, an increase of 27.2% year-on-year, with real estate revenue contributing RMB 16.03 billion, up 20.6%[20] - The net profit attributable to shareholders for Q1 2017 was RMB 0.695 billion, a decrease of 16.5% year-on-year, primarily due to increased sales and management expenses[21] - Total operating revenue for the current period reached ¥18.59 billion, an increase of 27.5% compared to ¥14.61 billion in the previous period[50] - Net profit attributable to the parent company was ¥695.41 million, a decrease of 16.6% from ¥833.23 million in the previous period[52] Assets and Liabilities - Total assets increased by 6.75% to ¥886,753,515,225.75 from ¥830,674,213,924.14 at the end of the previous year[9] - The net assets attributable to shareholders rose by 0.46% to ¥113,971,376,247.12 from ¥113,444,766,722.65 at the end of the previous year[9] - Total liabilities rose to ¥724.77 billion, up from ¥668.99 billion, indicating an increase of 8.3%[45] - Current assets totaled ¥773.24 billion, compared to ¥721.30 billion, marking a growth of 7.2%[45] - Long-term borrowings increased significantly to ¥70.24 billion from ¥56.41 billion, reflecting a growth of 24.5%[45] Cash Flow - The net cash flow from operating activities improved by 11.21%, reaching (¥9,523,936,365.94) compared to (¥10,726,129,132.78) in the previous year[9] - Cash flow from operating activities generated a net outflow of ¥(9,523.94) million, an improvement from the previous outflow of ¥(10,726.13) million[58] - Cash flow from investing activities yielded a net inflow of ¥2,822.41 million, up from ¥1,843.23 million in the prior period[60] - Cash flow from financing activities resulted in a net inflow of ¥10,951.99 million, compared to ¥7,208.15 million previously[62] - The ending cash and cash equivalents balance increased to ¥83,619.53 million from ¥50,050.26 million, reflecting a growth of approximately 67%[62] Sales and Development - In Q1 2017, the company achieved a sales area of 988.2 million square meters and a sales amount of RMB 150.27 billion, representing year-on-year growth of 81.1% and 99.7% respectively[20] - The company had 27.193 million square meters of unsold resources with a total contract amount of approximately RMB 334.94 billion, reflecting growth of 19.3% and 20.4% respectively compared to the beginning of the year[25] - The company added 42 new development projects in Q1 2017, with 61.9% acquired through cooperation, totaling a planned construction area of approximately 7.644 million square meters[25] - The company’s new construction area in Q1 2017 was 9.177 million square meters, a year-on-year increase of 29.4%, accounting for 31.4% of the annual plan[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 326,711, with 326,683 being A-share holders[14] - The largest shareholder, Shenzhen Metro Group Co., Ltd., holds 15.31% of the shares, amounting to 1,689,599,817 shares[14] Financial Instruments and Risk Management - The company signed a forward foreign exchange contract (DF) to hedge against the risk of foreign currency fluctuations for a loan of USD 1.375 billion[36] - The company entered into interest rate swap agreements (IRS) for floating-rate borrowings of USD 361 million and HKD 5 billion to manage interest rate risk[36] - The IRS generated a profit of RMB 747,400 during the reporting period[36] - The total investment in derivatives amounted to RMB 1.635 billion, representing 10.09% of the company's net assets[36] - The company maintained a prudent approach in managing risks associated with foreign currency and interest rate fluctuations through financial instruments[36] Other Financial Metrics - The average land transaction price in the 14 key cities increased by 45.2% year-on-year, despite stable land supply and transaction area[19] - The company reported an increase in interest payable by 81.53% to RMB 68,686.45 million as of March 31, 2017, compared to RMB 37,837.49 million at the end of 2016, due to increased interest on interest-bearing liabilities[30] - The company reported no violations regarding external guarantees during the reporting period[38] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[39] - The company engaged in multiple investor meetings, including with Deutsche Bank and Morgan Stanley, to discuss business operations and development strategies[37]