GDMZH(SH:600382)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 26.23% to CNY 81,526,623.82 year-on-year[5] - Operating revenue fell by 57.56% to CNY 72,527,795.99 compared to the same period last year[5] - Basic earnings per share decreased by 44.44% to CNY 0.10 compared to the same period last year[5] - Operating revenue decreased by 57.56% year-on-year to approximately ¥72.53 million, primarily due to the reclassification of income under the new revenue recognition standards[15] - Operating profit decreased to ¥111,536,563.48, down 28.0% from ¥154,792,595.81 in the same quarter last year[61] - Net profit for Q1 2021 was ¥78,543,399.41, a decline of 32.88% compared to ¥117,086,246.55 in Q1 2020[61] Cash Flow - Cash flow from operating activities turned negative at CNY -242,253,976.17, a decrease of 954.34% year-on-year[5] - Net cash flow from operating activities decreased by 954.34% year-on-year to approximately -¥242.25 million, mainly due to the reclassification of cooperative profit income[15][16] - The total cash inflow from operating activities was 68,131,545.17 RMB, down 64.4% from 191,856,260.33 RMB in the same period last year[65] - The company incurred cash outflows of 310,385,521.34 RMB in operating activities, which is an increase of 89.5% compared to 163,500,558.44 RMB in Q1 2020[66] - Cash and cash equivalents at the end of Q1 2021 were 68,420,148.85 RMB, down from 214,723,345.97 RMB at the end of Q1 2020, reflecting a decrease of 68.3%[67] - The company experienced a net decrease in cash and cash equivalents of 9,917,208.01 RMB in Q1 2021, contrasting with an increase of 113,203,876.88 RMB in Q1 2020[67] Assets and Liabilities - Total assets increased by 0.95% to CNY 8,217,246,324.92 compared to the end of the previous year[5] - Total current assets increased to ¥6,464,477,952.92 as of March 31, 2021, compared to ¥6,374,704,615.22 at the end of 2020, reflecting a growth of approximately 1.4%[54] - Total liabilities decreased slightly to ¥1,089,650,226.77 from ¥1,091,014,119.80, indicating a reduction of about 0.1%[56] - Total liabilities increased to ¥647,122,728.38 from ¥614,778,734.82, marking a rise of approximately 5.0% year-over-year[59] - Non-current liabilities rose to ¥256,313,828.07 from ¥193,613,828.07, an increase of 32.4%[59] Investments - The company has committed to invest RMB 5.90 billion in the "Honggui Garden" real estate development project, covering a total construction area of approximately 586,600 square meters[24] - The "Classic Ming City" real estate development project involves an investment of RMB 5.60 billion, with a total planned construction area of approximately 303,634 square meters[27] - The "Yijing Garden" real estate development project has an investment of RMB 3.00 billion, covering a total construction area of approximately 198,861 square meters[31] - The company invested CNY 210 million in the "Taining Huafu" real estate development project, with a total construction area of approximately 50,417.47 square meters[35] - The company invested CNY 600 million in the "Liankang City" real estate development project, with a total construction area of approximately 434,661.48 square meters[39] - The company invested CNY 168 million in the "Honghe Dijing" real estate development project, with a total construction area of approximately 82,796.52 square meters[42] Project Management and Compliance - The company has established joint supervision accounts for project funds and sales revenues to ensure financial oversight[28][31] - The company is focused on risk management and compliance with contractual obligations to secure its investment returns[29][30] - The company has agreements in place to ensure the safety of its investments through guarantees from the partners and their controlling shareholders[26][30] - The company has signed a debt settlement agreement with 正和房地产, which will terminate the cooperation contract upon completion of the required procedures[45] Shareholder Information - The number of shareholders reached 39,305 at the end of the reporting period[10] - The company has established a profit distribution rate of 18% based on actual contributions for both the "Honggui Garden" and "Classic Ming City" projects[25][28]