Youngor(SH:600177)2020-04-29 16:00Financial Performance - Operating income for the period was ¥3.89 billion, representing a growth of 51.07% year-on-year[5] - Net profit attributable to shareholders increased by 37.05% to ¥1.03 billion compared to ¥753.87 million in the same period last year[5] - Basic and diluted earnings per share rose by 45.97% to ¥0.22 from ¥0.15 in the previous year[6] - The total profit for Q1 2020 was approximately $1.19 billion, compared to $904.12 million in Q1 2019, representing a 31.5% increase[30] - Net profit for Q1 2020 reached approximately $1.03 billion, compared to $754.9 million in Q1 2019, reflecting a 36.2% increase[30] Revenue Growth - The real estate segment contributed significantly, with revenue from projects like Dayue Yayuan and Ziyutai Phase II increasing by 179.84%[6] - The real estate segment generated revenue of CNY 260.87 million, with a net profit of CNY 54.40 million, marking significant increases of 179.84% and 196.94% year-on-year, respectively[12] - Total operating revenue for Q1 2020 was approximately $3.89 billion, a 51.0% increase from $2.58 billion in Q1 2019[29] - The company's revenue for the real estate segment reached 2,608.65 million yuan, representing a year-on-year increase of 179.84%[18] Cash Flow - Net cash flow from operating activities surged by 1,375.84% to ¥777.57 million, primarily due to increased cash receipts from real estate sales[6] - The net cash flow from operating activities was CNY 777,566,300.69, significantly up from CNY 52,686,423.71 in the same quarter last year, indicating a strong operational performance[35] - Cash inflow from investment activities totaled CNY 1,829,279,915.91, down from CNY 4,226,058,203.72 year-over-year, reflecting a decrease in investment recovery[35] - The net cash flow from financing activities was CNY 2,067,530,465.71, a turnaround from a negative cash flow of CNY -372,544,302.66 in the previous year, showing improved financing conditions[36] Assets and Liabilities - Total assets at the end of the reporting period reached ¥80.93 billion, an increase of 0.34% compared to the end of the previous year[5] - Total liabilities reached ¥29.50 billion, an increase from ¥22.63 billion, reflecting a growth of approximately 30.5%[27] - The company's short-term borrowings increased to ¥19.82 billion from ¥14.84 billion, reflecting a rise of approximately 33.4%[27] - Long-term payables amounted to ¥4.51 billion, a decrease from ¥7.77 billion, representing a decline of about 42.5%[25] Shareholder Information - Net assets attributable to shareholders decreased by 4.65% to ¥26.52 billion from ¥27.81 billion at the end of the previous year[5] - The total number of shareholders at the end of the reporting period was 108,736[9] - The company repurchased 385,023,321 shares, accounting for 7.68% of total share capital, as part of its capital management strategy[6] Research and Development - Research and development expenses increased by 35.82% year-on-year, totaling 24.83 million yuan, due to enhanced investment in garment manufacturing processes[18] - Research and development expenses increased to approximately $24.83 million in Q1 2020, compared to $18.28 million in Q1 2019, marking a 36.0% rise[29] Other Financial Metrics - Other comprehensive income decreased by 1,308.72 million yuan, primarily due to a reduction in the fair value of other equity investments[18] - The impact of exchange rate changes on cash and cash equivalents was a negative $830,717.53, compared to a negligible impact of -$35.10 in the previous period[39] - The company did not apply the new revenue and lease standards for the current year, indicating a stable accounting approach[39]