EBJB(SH:600622)2020-04-28 16:00Financial Performance - Operating revenue fell by 43.95% to CNY 822,274,461.20 year-on-year[5] - Net profit attributable to shareholders decreased by 46.09% to CNY 88,310,414.07 compared to the same period last year[5] - Basic earnings per share dropped by 45.45% to CNY 0.06 compared to CNY 0.11 in the previous year[5] - The weighted average return on equity decreased by 1.27 percentage points to 1.37%[5] - The company reported a significant decrease in investment income of RMB 46.23 million, a reduction of 99.88% compared to the same period last year, primarily due to lower returns from real estate investments[11] - The total comprehensive income attributable to the parent company for Q1 2020 was CNY 88,831,743.26, compared to CNY 163,301,972.55 in Q1 2019, a decline of about 45.6%[32] - The net profit for Q1 2020 was a loss of CNY 38,104,335.46, compared to a profit of CNY 5,041,323.93 in Q1 2019, indicating a decline of over 855%[33] Cash Flow - Net cash flow from operating activities was negative at CNY -70,710,467.63, a decline of 267.87% year-on-year[5] - The net cash flow from operating activities for Q1 2020 was a negative CNY 70,710,467.63, contrasting with a positive cash flow of CNY 42,123,378.97 in Q1 2019[36] - The company reported a net cash flow from investment activities of -RMB 507.49 million, mainly due to increased external investments and loans to real estate fund projects[11] - The cash flow from investing activities for Q1 2020 was a negative CNY 507,485,104.06, compared to a negative cash flow of CNY 692,920,444.19 in Q1 2019, showing an improvement of approximately 26.7%[36] - The net cash flow from financing activities was -$79.14 million, a significant decrease from a positive $364.79 million in the previous period[39] Assets and Liabilities - Total assets decreased by 1.16% to CNY 28,087,881,398.75 compared to the end of the previous year[5] - The company's total liabilities as of March 31, 2020, were RMB 18.53 billion, down from RMB 18.94 billion at the end of 2019, indicating a reduction of about 2.2%[25] - The company's total equity as of March 31, 2020, was RMB 9.56 billion, slightly up from RMB 9.48 billion at the end of 2019, showing an increase of about 0.8%[25] - The company's cash and cash equivalents decreased to RMB 2.88 billion from RMB 3.44 billion at the end of 2019, representing a decline of approximately 16.4%[23] - The company's receivables decreased to RMB 194.19 million from RMB 226.82 million, a decline of approximately 14.4%[23] - The company’s other receivables increased to RMB 880.24 million from RMB 702.04 million, an increase of approximately 25.4%[23] Shareholder Information - The total number of shareholders reached 39,693 by the end of the reporting period[8] - The largest shareholder, Beijing Guangkong Anyu Investment Center, held 14.10% of the shares[8] Operational Insights - The company has not reported any new product developments or market expansion strategies in this quarter[5] - The company managed 44 real estate projects with a total managed scale of RMB 45.793 billion as of the end of the reporting period[13] - The company generated operating income of RMB 138.48 million from its real estate asset management business, with management and consulting service fees contributing RMB 90.99 million[13] - The company reduced its sales expenses by RMB 18.56 million, a decrease of 68.31% compared to the same period last year, due to lower sales channel fees[11] - The company has resumed normal operations following the impact of the COVID-19 pandemic, with all production activities largely restored[15] Future Plans - The company plans to register and issue medium-term notes totaling up to RMB 3.2 billion to optimize its debt structure[17] - The company plans to provide credit enhancement measures for the Guangzheng Asset Management - Guangkong Anshi Commercial Real Estate Phase 3 project in Xi'an[18]