2018-04-25 16:00Financial Performance - The company's operating revenue for Q1 2018 was CNY 30,825,615,283.99, representing a 65.83% increase compared to CNY 18,589,228,819.05 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2018 was CNY 894,878,011.08, up 28.68% from CNY 695,411,556.91 year-on-year[8]. - Basic earnings per share for Q1 2018 were CNY 0.081, an increase of 28.57% from CNY 0.063 in the same period last year[8]. - The company reported non-recurring gains and losses totaling CNY 68,968,334.06 for the reporting period[11]. - The company does not have any non-recurring gains and losses classified as regular gains and losses during the reporting period[12]. - Operating revenue for Q1 2018 was RMB 3,082.56 million, a 65.83% increase compared to RMB 1,858.92 million in Q1 2017[29]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY (27,753,653,226.06), a decrease of 191.41% compared to CNY (9,523,936,365.94) in the previous year[8]. - Total assets at the end of the reporting period were CNY 1,224,264,792,316.36, reflecting a 5.06% increase from CNY 1,165,346,917,804.55 at the end of the previous year[8]. - As of March 31, 2018, the company held cash and cash equivalents of RMB 94.78 billion, significantly exceeding the total of short-term borrowings and interest-bearing liabilities due within one year, which was RMB 48.91 billion[21]. - The company's cash and cash equivalents decreased by 45.57% to RMB 9,478.23 million due to increased external investment payments[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 248,332, with the top 10 shareholders holding significant stakes[14]. - Shenzhen Metro Group Co., Ltd. held 29.38% of the shares, making it the largest shareholder[14]. - Net assets attributable to shareholders increased by 2.65% to CNY 136,185,181,256.09 from CNY 132,675,315,293.33 at the end of the previous year[8]. Real Estate Business - The real estate business recorded a settlement area of 1.651 million square meters, up 15.4% year-on-year[21]. - The total contract sales area for the real estate business was 10.482 million square meters, with a contract sales amount of RMB 154.26 billion, representing growth of 6.1% and 2.7% respectively[23]. - The company added 49 new development projects in Q1 2018, with a total planned construction area of approximately 9.435 million square meters[24]. - The company’s new construction area reached 11.299 million square meters, a year-on-year increase of 23.1%[25]. - The inventory of unsold new homes in key cities was approximately 9.9 million square meters, with a sales cycle extending to 12 months[19]. - Total sales area reached 1,048.20 million square meters, with total sales amounting to RMB 1,542.62 billion[26]. Financial Liabilities and Investments - Short-term borrowings were reduced by 51.59% to RMB 779.75 million as a result of repayment[29]. - The company’s contract liabilities reached RMB 47,935.97 million, indicating a significant increase in pre-sold properties[29]. - The company’s financial liabilities increased by 58.60% to RMB 161.76 million due to changes in fair value[29]. - The company’s deferred tax liabilities increased by 288.96% to RMB 103.19 million, reflecting changes in accounting policies[29]. - Investment income showed a loss of RMB 33.48 million, a decrease of 228.91% compared to a profit of RMB 25.97 million in the previous year[29]. Debt Financing and Risk Management - The company plans to issue debt financing instruments up to RMB 35 billion, with the board authorizing the president to manage the issuance process[31]. - The company signed forward foreign exchange contracts (DF) to mitigate risks from foreign currency borrowings amounting to $1.575 billion and HKD 3.516 billion[37]. - The company entered into interest rate swap agreements (IRS) for floating-rate borrowings of HKD 5 billion to reduce interest rate fluctuation risks[37]. - A cross-currency swap agreement (CCS) was signed for fixed-rate bonds totaling $1.22 billion to optimize financing costs under the Hong Kong linked exchange rate system[37]. - The fair value changes of DF and IRS during the reporting period had no profit or loss impact on the company[37]. - The independent directors believe that the use of DF, IRS, and CCS effectively mitigates potential losses from significant fluctuations in foreign currency borrowings due to exchange and interest rate changes[37].