卧龙地产(600173) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2021 was CNY 483,250,330.96, a 37.06% increase year-on-year [14]. - Net profit attributable to shareholders increased by 40.03% to CNY 124,209,476.93 compared to the same period last year [7]. - The company's net profit for Q1 2021 was CNY 111,824,101.90, compared to CNY 6,742,788.07 in Q1 2020, indicating a significant increase [39]. - Total operating revenue for Q1 2021 was CNY 483,250,330.96, an increase of 37.1% compared to CNY 352,585,276.67 in Q1 2020 [34]. - Net profit for Q1 2021 reached CNY 124,118,838.76, a 40.0% increase from CNY 88,728,505.92 in Q1 2020 [35]. - Earnings per share for Q1 2021 were CNY 0.1774, compared to CNY 0.1267 in Q1 2020, reflecting a 40.0% increase [36]. - The company reported a total comprehensive income of CNY 111,824,101.90 for Q1 2021, compared to CNY 6,742,788.07 in Q1 2020 [40]. Assets and Liabilities - Total assets increased by 2.26% to CNY 8,043,254,386.85 compared to the end of the previous year [7]. - As of March 31, 2021, total current assets amounted to RMB 7,123,302,720.51, an increase from RMB 6,905,772,344.25 as of December 31, 2020 [24]. - The company's cash and cash equivalents decreased to RMB 1,773,657,624.41 from RMB 2,051,367,978.58 as of December 31, 2020 [24]. - Inventory increased to RMB 4,502,870,389.16 from RMB 4,062,771,070.58 as of December 31, 2020 [24]. - Total liabilities as of March 31, 2021, were RMB 4,760,748,805.87, compared to RMB 4,707,209,519.69 as of December 31, 2020 [26]. - Total assets as of Q1 2021 amounted to CNY 3,815,895,373.06, up from CNY 3,724,684,041.07 in the previous year [32]. - Total liabilities for Q1 2021 were CNY 602,811,160.67, a decrease of 3.0% from CNY 623,870,609.34 in Q1 2020 [31]. - Total equity increased to CNY 3,213,084,212.39 in Q1 2021, compared to CNY 3,100,813,431.73 in Q1 2020, marking a growth of 3.6% [31]. Cash Flow - The cash flow from operating activities showed a significant decline of 1004.61% to -CNY 300,817,987.58 [16]. - Operating cash flow for Q1 2021 was negative at CNY -300,817,987.58, a decline from a positive CNY 33,253,752.54 in Q1 2020 [42]. - The company incurred cash outflows of CNY 884,177,616.38 for operating activities in Q1 2021, compared to CNY 534,989,872.37 in Q1 2020, representing an increase of about 65% [42]. - The cash and cash equivalents at the end of Q1 2021 were CNY 1,763,657,624.41, down from CNY 2,759,740,453.80 at the end of Q1 2020, a decrease of about 36% [43]. - Investment activities generated a net cash inflow of CNY 39,341,819.28 in Q1 2021, compared to CNY 33,475,000.00 in Q1 2020, showing a growth of approximately 17.5% [42]. Tax and Expenses - The company reported a 179.15% increase in taxes and surcharges to CNY 78,176,385.19 due to different product transfers [14]. - Tax expenses for Q1 2021 were CNY 40,657,323.48, compared to CNY 27,341,141.38 in Q1 2020, reflecting an increase of 48.8% [35]. - The company paid CNY 119,313,371.04 in taxes during Q1 2021, compared to CNY 56,728,449.79 in Q1 2020, indicating an increase of approximately 110% [42]. Real Estate Performance - Real estate project signed sales area reached 45,000 square meters, a year-on-year increase of 96.47% [17]. - Real estate project signed sales amount was CNY 575.91 million, up 71.90% year-on-year [17]. Shareholder Information - As of March 31, 2021, Zhejiang Wolong Real Estate Group Co., Ltd. has pledged 116,000,000 unrestricted circulating shares, accounting for 16.54% of the total share capital [19]. - The company agreed to sell a 3% stake in Guangzhou Junhai Network Technology Co., Ltd. for RMB 53.5187 million, completed on February 8, 2021 [19]. - Zhejiang Longsheng Group Co., Ltd. increased its shareholding by 631,500 shares from January 1 to March 31, 2021, representing 0.09% of the total shares, totaling 97,595,278 shares or 13.92% of the total [19].