ZJGS(SH:600052)2019-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 158.86% to a loss of CNY 24,895,914.76 compared to the same period last year[6]. - Operating revenue fell by 61.36% to CNY 16,566,819.07 compared to CNY 42,876,878.47 in the previous year[6]. - The weighted average return on equity decreased by 2.82 percentage points to -1.02%[6]. - Total operating revenue for Q1 2019 was ¥16,566,819.07, a decrease of 61.49% compared to ¥42,876,878.47 in Q1 2018[33]. - Net profit for Q1 2019 was a loss of ¥24,895,914.76, compared to a profit of ¥42,295,053.89 in Q1 2018, representing a significant decline[34]. - Operating profit for Q1 2019 was a loss of ¥24,949,330.44, compared to a profit of ¥29,980,163.69 in Q1 2018[34]. - Basic and diluted earnings per share for Q1 2019 were both -¥0.03, compared to ¥0.05 in Q1 2018[35]. Cash Flow - The net cash flow from operating activities was CNY 559,057,638.46, a significant improvement from a negative CNY 142,880,325.17 in the previous year[6]. - Cash flow from operating activities in Q1 2019 was ¥849,897,934.47, an increase from ¥532,627,228.79 in Q1 2018[40]. - The net cash flow from operating activities for Q1 2019 was ¥559,057,638.46, a significant improvement compared to a negative cash flow of ¥142,880,325.17 in Q1 2018[41]. - Total cash inflow from financing activities was ¥250,754,145.55, compared to ¥232,500,000.00 in the previous year, indicating a 7.4% increase[42]. - The cash flow from financing activities netted ¥127,218,933.22, a turnaround from a negative cash flow of -¥85,242,146.29 in Q1 2018[42]. - Cash received from other operating activities amounted to ¥7,795,585.78, an increase from ¥5,100,998.90 in the previous year[41]. Assets and Liabilities - Total assets increased by 13.79% to CNY 7,951,180,010.01 compared to the end of the previous year[6]. - The company reported a 30.49% increase in liabilities held for sale to CNY 4,252,107,980.31, primarily due to pre-sales of real estate projects[13]. - Total liabilities rose to ¥5,524,605,536.84, up from ¥4,536,379,055.88, indicating an increase of about 21.8%[26]. - Current liabilities totaled ¥5,520,603,820.07, an increase of 21.8% from ¥4,532,377,339.11[25]. - Total liabilities reached approximately $1.68 billion, with current liabilities totaling around $1.67 billion and non-current liabilities at about $4 million[55]. - The company’s total liabilities to equity ratio stands at approximately 0.70, indicating a balanced capital structure[55]. Shareholder Information - The company’s total shareholder count was 47,592 as of the report date[11]. - Shareholders' equity totaled approximately $2.41 billion, with retained earnings increasing by approximately $336.83 million compared to the previous period[55]. Research and Development - Research and development expenses increased by 223.61% to CNY 575,069.58 due to higher personnel costs[13]. - Research and development expenses for Q1 2019 were ¥575,069.58, significantly higher than ¥177,705.46 in Q1 2018, indicating increased investment in innovation[33]. Real Estate and Projects - The company has completed the exit from major real estate projects and has no ongoing property development projects[15]. - The company sold 100% equity of Zhejiang Tiandu Real Estate Co., Ltd. for a transaction price of ¥1.769 billion, with potential compensation based on future sales price fluctuations[15]. - The company has no new real estate reserves or completed projects during the reporting period[19]. Financial Management - The company’s financial expenses decreased by 228.08% to a negative CNY 2,101,430.77 due to reduced bank borrowings[13]. - Financial expenses for Q1 2019 showed a net income of -¥2,101,430.77, compared to a cost of ¥1,640,759.93 in Q1 2018, reflecting improved financial management[33]. Other Financial Metrics - The company reported a total of ¥1,934,096,703.67 in current assets, marginally up from ¥1,934,049,495.23[29]. - The company’s retained earnings increased to ¥1,131,591,769.24 from ¥819,656,160.98, reflecting a growth of approximately 38.0%[26]. - The company’s long-term equity investments as of March 31, 2019, amounted to approximately ¥713.47 million, slightly up from ¥713.10 million at the end of 2018[24].