DIMA(SH:600565)2021-04-29 16:00Financial Performance - Total assets increased by 4.88% to CNY 85.71 billion compared to the end of the previous year[5] - Operating revenue surged by 130.68% to CNY 3.86 billion year-on-year[5] - Net profit attributable to shareholders decreased by 28.73% to CNY 34.03 million compared to the same period last year[5] - Basic and diluted earnings per share doubled to CNY 0.02 from CNY 0.01[5] - The weighted average return on equity increased by 0.03 percentage points to 0.36%[5] - The company reported a total revenue of 1,994.10 million, reflecting a 63.33% increase compared to the previous period[15] - The company's operating revenue for Q1 2021 reached RMB 3,859,581,065.39, a significant increase of 130.68% compared to RMB 1,673,143,087.14 in the same period last year[24] - Operating costs for the same period were RMB 2,936,301,875.96, reflecting a 149.97% increase from RMB 1,174,667,954.65 year-over-year[24] - The company reported a substantial increase in minority shareholders' profit, which rose by 396.13% to RMB 355,502,244.85 from RMB 71,655,703.78 in the prior year[24] - The net profit for Q1 2021 was ¥394,946,283.91, representing a 286.5% increase from ¥102,245,753.09 in Q1 2020[43] Cash Flow and Liquidity - Cash flow from operating activities improved, with a reduction in outflow from CNY -2.59 billion to CNY -2.10 billion[5] - The company’s cash and cash equivalents decreased to CNY 6.75 billion from CNY 7.03 billion, a decline of approximately 3.9%[33] - The net cash flow from operating activities for Q1 2021 was -CNY 2,104,989,018.25, an improvement from -CNY 2,590,889,934.84 in Q1 2020[48] - The total cash and cash equivalents at the end of Q1 2021 stood at CNY 6,221,617,448.41, up from CNY 3,109,004,030.37 at the end of Q1 2020[49] - The cash inflow from financing activities totaled CNY 6,574,480,083.04, compared to CNY 6,072,157,491.11 in the previous year, reflecting an increase of 8.3%[51] Project Development and Investments - The company holds a total of 1,798,665 square meters of land for development, with a planned construction area of 4,365,415 square meters[9] - The company has multiple cooperative development projects across various cities, with significant equity stakes in several projects, such as 90% in Xi'an and 95.54% in Weinan[9] - The company reported a total of 1,200,000 square meters of residential and commercial projects under construction in Chongqing, with a projected completion value of approximately 1.2 billion RMB[13] - The completed projects in Chongqing, including the Jiangshan Yu project, contributed to a total revenue of 670,127,000 RMB, representing a 38.43% increase compared to previous projects[13] - The company is expanding its market presence with new projects in cities like Xi'an and Kunming, with a total of 327,404 square meters planned for development in Xi'an[14] - The company has invested in new technology for project management, aiming to improve efficiency and reduce costs by 12.46% in the upcoming quarters[14] Shareholder Information - The top shareholder, Chongqing Dongyin Holdings Group, holds 34.59% of the shares, totaling 885,737,591 shares, which are currently frozen[21] - The second-largest shareholder, Zhao Jiehong, owns 4.44% of the shares, totaling 113,712,692 shares, also frozen[21] - The company has a total of 77,514 shareholders as of the report date[20] Guarantees and Liabilities - The company provided guarantees totaling CNY 1,588 million for wholly-owned subsidiaries, with CNY 516.87 million utilized and CNY 1,071.13 million remaining[29] - For controlling subsidiaries, the company offered guarantees amounting to CNY 2,812 million, with CNY 1,209.39 million used and CNY 1,602.62 million left[29] - Total liabilities reached CNY 67.78 billion, up from CNY 63.44 billion at the end of 2020, reflecting an increase of approximately 6.3%[35] - Long-term borrowings increased significantly to CNY 12.01 billion from CNY 8.70 billion, marking a growth of around 38.5%[35] Market Strategy and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41] - The company is focusing on strategic acquisitions to enhance its portfolio, with plans to acquire additional land in high-demand urban areas[14] - The company anticipates a revenue growth of 19.35% in the next quarter due to the completion of several key projects in Chengdu[14]