GDMZH(SH:600382)2019-04-26 16:00Financial Performance - Operating income rose by 12.60% to CNY 173,055,331.49 year-on-year[6] - Net profit attributable to shareholders increased by 21.66% to CNY 102,804,535.53 compared to the same period last year[6] - Basic earnings per share increased by 22.22% to CNY 0.22[6] - The diluted earnings per share also increased by 22.22% to CNY 0.22[6] - The company reported a net profit after deducting non-recurring gains and losses of CNY 102,028,557.22, a 98.70% increase year-on-year[6] - Total operating revenue for Q1 2019 was CNY 173,055,331.49, an increase of 12.5% compared to CNY 153,692,182.57 in Q1 2018[60] - Net profit for Q1 2019 was CNY 110,616,020.70, up 19.9% from CNY 92,215,432.26 in Q1 2018[61] - Operating profit for Q1 2019 was CNY 146,453,389.87, compared to CNY 122,953,909.68 in Q1 2018, marking a growth of 19.1%[61] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of CNY 149,850,956.76, a 258.11% increase year-on-year[6] - In Q1 2019, the company reported cash inflow from operating activities of CNY 220,062,137.01, a significant increase from CNY 123,020,507.67 in Q1 2018, representing a growth of approximately 78.9%[67] - The net cash flow from operating activities was CNY 149,850,956.76, compared to a negative cash flow of CNY -94,778,119.13 in the same period last year, indicating a turnaround in operational performance[67] - The company experienced a cash outflow of CNY 191,748,826.70 for investment activities, which is an increase from CNY 149,010,747.58 in Q1 2018, reflecting ongoing investments in fixed assets[68] - The company's cash flow from operating activities showed a strong recovery, with a net increase of CNY 149,850,956.76, compared to a loss in the previous year, highlighting improved operational efficiency[67] Assets and Liabilities - Total assets increased by 2.26% to CNY 7,111,288,144.60 compared to the end of the previous year[6] - Total current assets increased to ¥5,286,540,042.87 as of March 31, 2019, up from ¥3,453,357,840.30 on December 31, 2018, representing a growth of approximately 53%[52] - Total liabilities increased to ¥1,125,355,314.60 from ¥1,079,001,459.28, reflecting a rise of about 4.3%[53] - Total equity amounted to ¥5,985,932,830.00, up from ¥5,875,316,809.30, reflecting an increase of approximately 1.9%[54] - Total liabilities reached CNY 1,079,001,459.28, with current liabilities at CNY 539,001,459.28[76] Shareholder Information - The number of shareholders reached 27,697 by the end of the reporting period[10] - The top ten shareholders held a total of 24.55% of shares, with Shenzhen Jinxin'an Investment Co., Ltd. being the largest shareholder[10] Investment Projects - The company plans to participate in the "Xingning South New City Phase I Land Development and Public Facility Construction Project" in collaboration with local government and construction partners[19] - The company has invested ¥590 million in the "Honggui Garden" real estate development project, which has a total construction area of approximately 586,600 square meters[29] - The company invested RMB 5.60 billion in the "Classic City" real estate development project, covering a total area of 303,633.98 square meters[32] - The company has a profit-sharing agreement with a distribution rate of 18% based on actual contributions for the "Classic City" project[33] - The company has established a joint supervision account for project funds and sales revenue for all development projects[34] Management and Expenses - Management expenses rose by 33.31% year-on-year, mainly due to increased employee compensation and intermediary fees[17] - Tax expenses for Q1 2019 were CNY 36,872,006.91, an increase from CNY 30,738,477.42 in Q1 2018[61] - Financial expenses decreased slightly to CNY 5,523,494.67 from CNY 5,434,098.44, a reduction of 1.6%[61] Changes in Financial Reporting - The company executed new financial accounting standards effective January 1, 2019, impacting the reporting of financial instruments[76] - The report does not include an audit report[80] - The company did not apply retrospective adjustments for the new financial instrument standards[80]