CECL(SH:600675)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders increased significantly by 22,797.33% to CNY 1.31 billion from CNY 5.72 million in the same period last year[4] - Operating revenue surged by 342.51% to CNY 6.77 billion compared to CNY 1.53 billion in the previous year[4] - Basic earnings per share rose to CNY 0.258 from CNY 0.001, marking an increase of 25,700%[5] - The company's operating revenue for the first quarter reached ¥6,772,635,191.61, a significant increase of 342.51% compared to the previous year[12] - The net profit attributable to shareholders of the parent company was ¥1,310,174,924.89, reflecting a staggering increase of 22,797.33% year-over-year[13] - The company reported a total profit of ¥2,332,569,357.35 for Q1 2019, up from ¥26,210,183.77 in Q1 2018, showing an increase of about 8,800%[24] - Net profit for Q1 2019 was ¥1,725,228,241.38, a substantial rise from ¥13,754,431.39 in Q1 2018, reflecting an increase of approximately 12,500%[25] - The company reported a significant increase in tax expenses, which rose to ¥607,341,115.97 in Q1 2019 from ¥12,455,752.38 in Q1 2018, an increase of approximately 4,775%[25] Assets and Liabilities - Total assets decreased by 10.09% to CNY 50.92 billion compared to the end of the previous year[4] - The company's total assets as of March 31, 2019, were RMB 50.92 billion, down from RMB 56.63 billion at the end of 2018[19] - The company’s total liabilities decreased to RMB 36.16 billion as of March 31, 2019, from RMB 43.99 billion at the end of 2018[19] - Total liabilities decreased to ¥33,549,532,406.23 from ¥40,995,496,330.25, a reduction of about 18.14%[20] - The company’s long-term equity investments were valued at RMB 1.59 billion as of March 31, 2019, down from RMB 1.62 billion at the end of 2018[18] - The company reported a decrease in financial expenses by 48.61% to ¥80,753,952.65, attributed to a reduction in financing scale compared to the previous year[13] - Total current assets decreased to ¥9,511,572,316.98 from ¥10,809,476,440.42, a decline of about 11.99%[22] - Total non-current assets slightly decreased to ¥12,845,003,658.00 from ¥12,850,657,631.59, a negligible change[22] Cash Flow - Net cash flow from operating activities improved by 99.54%, reaching CNY -3.81 million, compared to CNY -826.08 million in the same period last year[4] - The cash flow from operating activities improved significantly, with a net cash flow of -¥3,806,237.16, a 99.54% increase compared to the previous year[13] - Cash inflow from operating activities in Q1 2019 was 3,319,941,947.59 RMB, an increase from 1,909,258,402.89 RMB in Q1 2018[28] - Cash outflow from operating activities in Q1 2019 totaled 3,323,748,184.75 RMB, compared to 2,735,339,759.07 RMB in Q1 2018[29] - Net cash flow from operating activities for Q1 2019 was -3,806,237.16 RMB, a significant improvement from -826,081,356.18 RMB in Q1 2018[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 76,548[8] - The largest shareholder, Shanghai Real Estate (Group) Co., Ltd., holds 68.44% of the shares[9] - The company plans to continue its stock repurchase program, having already acquired 70,301,726 shares, representing 1.38% of the total share capital, for approximately ¥397 million[13] Government Support and Acquisitions - The company received government subsidies amounting to CNY 13.73 million related to its normal business operations[6] - The company completed the acquisition of 100% equity in Shanghai Zhongxing (Group) Co., Ltd. from its controlling shareholder, Shanghai Real Estate (Group) Co., Ltd.[5] Future Projections - The company expects a significant increase in net profit attributable to the parent company, projected to rise by over 50% compared to the previous year, primarily due to a substantial increase in operating revenue and gross margin[15] - The company plans to issue corporate bonds totaling RMB 90 billion to qualified investors and has registered RMB 40 billion of medium-term notes in the interbank market[14]