格力地产(600185) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue surged by 155.99% to CNY 1,724,833,464.19 year-on-year[18] - Net profit attributable to shareholders increased by 310.35% to CNY 227,816,258.04 compared to the same period last year[18] - Basic earnings per share rose by 300.00% to CNY 0.12 from CNY 0.03 in the same period last year[18] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 346.42% to CNY 253,400,687.88[18] - Total operating revenue for Q1 2021 reached ¥1,724,833,464.19, a significant increase from ¥673,792,093.86 in Q1 2020, representing a growth of approximately 156.5%[53] - Net profit for Q1 2021 was ¥227,410,292.36, up from ¥55,252,552.21 in Q1 2020, indicating a growth of approximately 311.5%[56] - The company achieved an operating profit of ¥306,415,840.78 in Q1 2021, compared to ¥75,288,008.22 in Q1 2020, representing an increase of approximately 307.5%[56] - The total comprehensive income for Q1 2021 was ¥227,628,321.24, up from ¥58,572,540.13 in Q1 2020, indicating an increase of approximately 287.5%[56] Cash Flow - Net cash flow from operating activities reached CNY 1,223,265,918.81, a significant recovery from a negative cash flow of CNY -445,064,627.54 in the previous year[18] - The cash flow from operating activities for Q1 2021 was CNY 1,223.27 million, a turnaround from a negative cash flow of CNY -445.06 million in Q1 2020[65] - Cash inflow from operating activities for Q1 2021 reached ¥1,737,028,265.33, a significant increase from ¥195,274,693.73 in Q1 2020, representing a growth of approximately 786.5%[71] - Net cash flow from operating activities for Q1 2021 was ¥1,085,296,450.66, compared to ¥19,491,870.24 in Q1 2020, indicating a substantial increase[71] - The company experienced a significant improvement in cash flow management, as evidenced by the substantial increase in net cash flow from operating activities[71] Assets and Liabilities - Total assets increased by 2.69% to CNY 38,479,711,339.73 compared to the end of the previous year[18] - Current assets totaled approximately ¥31.27 billion, an increase from ¥29.88 billion year-over-year, reflecting a growth of about 4.65%[37] - Total liabilities amounted to ¥29.82 billion, up from ¥29.04 billion, indicating an increase of approximately 2.68%[42] - Long-term borrowings rose to ¥10.27 billion from ¥10.15 billion, reflecting a growth of about 1.17%[42] - Total equity attributable to shareholders increased to ¥8.65 billion from ¥8.42 billion, a rise of approximately 2.73%[42] - The company reported a financial expense of ¥156,593,897.70 in Q1 2021, significantly higher than ¥21,945,871.63 in Q1 2020, indicating an increase of about 612.5%[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 92,829[25] - The largest shareholder, Zhuhai Investment Holdings Co., Ltd., holds 41.11% of the shares, with 420,000,000 shares pledged[25] Expenses - The company's management expenses increased by 99.98% to RMB 46,416,478.44, mainly due to higher personnel and administrative costs[30] - The company reported a 340.75% increase in taxes and surcharges to RMB 136,237,730.86, driven by the increase in real estate revenue[30] - The company incurred financial expenses of CNY 1,416.73 million in Q1 2021, compared to a financial income of CNY -334.05 million in Q1 2020, indicating a significant shift in financial performance[59] Investment and Development - The company acquired land use rights for a total price of RMB 880 million for a site in Zhuhai, enhancing its asset portfolio[33] - The company plans to issue shares and pay cash to acquire 100% equity of a tax-free group, although the major asset restructuring is currently suspended[33] - The company has not disclosed any new product developments or market expansion strategies in this report[18]