HEC(SZ:000886)2018-04-26 16:00Financial Performance - The company's operating revenue for Q1 2018 was ¥116,042,059.76, a decrease of 42.33% compared to ¥201,215,324.73 in the same period last year[8] - The net profit attributable to shareholders for Q1 2018 was ¥34,425,632.12, down 37.91% from ¥55,446,699.92 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥25,131,547.85, reflecting a decline of 50.45% compared to ¥50,717,793.53 in the prior year[8] - Basic earnings per share for Q1 2018 were ¥0.035, down 37.50% from ¥0.056 in the previous year[8] - Total profit decreased by 31.61% to ¥45,958,596.68, influenced by a downturn in the Hainan real estate market[16] - The company reported a total profit of CNY 25,749,633.98, an increase of 40.38% compared to CNY 18,361,625.18 in the previous period[43] - The total comprehensive income for the current period was CNY 19,825,166.10, up from CNY 14,200,682.53 in the previous period, indicating a growth of 39.06%[43] Cash Flow - The net cash flow from operating activities for Q1 2018 was ¥143,902,875.27, a decrease of 33.30% from ¥215,761,969.75 in the same period last year[8] - Net cash flow from operating activities was ¥156,576,502.80, down from ¥204,167,970.13, reflecting a decline of approximately 23%[49] - The company recorded a cash inflow from investment activities of CNY 757,627,220.52, compared to CNY 381,415,945.38 in the previous period, showing an increase of 98.67%[46] - Cash inflow from investment activities totaled ¥754,938,146.08, significantly higher than ¥380,526,931.50 in the previous period, marking an increase of about 98%[50] - The net increase in cash and cash equivalents for the current period was ¥380,284,350.88, down from ¥464,503,977.13, a decline of approximately 18%[50] - The ending balance of cash and cash equivalents was ¥488,786,830.89, compared to ¥620,553,204.89 in the previous period, reflecting a decrease of about 21%[50] - The company reported a significant increase in cash received from investment recoveries, totaling ¥742,000,000.00, compared to ¥375,000,000.00 in the previous period, an increase of 98%[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,286,189,891.33, an increase of 3.52% from ¥3,174,566,856.65 at the end of the previous year[8] - Total liabilities rose to CNY 587,483,935.59, compared to CNY 510,286,417.96, marking an increase of 15.2%[31] - The total equity attributable to shareholders of the parent company was CNY 2,692,952,231.64, up from CNY 2,658,526,599.52, indicating a growth of 1.3%[32] - The company’s retained earnings rose to CNY 382,983,996.34 from CNY 348,558,364.22, an increase of 9.9%[31] Inventory and Current Assets - Inventory decreased by 6.62% to ¥476,627,185.10 due to the completion of real estate projects and increased sales[15] - Other current assets increased by 14.05% to ¥1,353,269,778.54 primarily from new bank wealth management products[15] - Prepayments surged by 146.76% to ¥141,430,419.14 due to increased real estate sales during the reporting period[15] - The prepayments increased significantly to CNY 141,430,419.14 from CNY 57,314,905.84, an increase of 147.5%[30] Non-Recurring Gains and Compliance - The company reported non-recurring gains of ¥9,294,084.27, primarily from entrusted bank investment income of ¥12,957,380.70[9] - The company reported no non-compliance issues regarding external guarantees during the reporting period[19] Project Updates - The company has invested ¥59,704.58 million in the Ruihai Water City Phase II project, achieving cumulative revenue of ¥8,074.73 million[17] - The company is actively coordinating to restart the Danzhou Dongpo Yaju Phase I project, which has been suspended since May 2015[17] Audit and Reporting - The company did not conduct an audit for the first quarter report[51] - The company has not disclosed any new product developments or market expansion strategies in this report[52]