Financial Performance - Net profit attributable to shareholders decreased by 251.92% to a loss of CNY 7.99 million compared to the same period last year[6]. - Operating revenue fell by 18.77% to CNY 82.23 million year-on-year[6]. - The basic earnings per share decreased by 300% to CNY -0.02 compared to the same period last year[6]. - The company reported a significant drop in signed contracts, with a decrease of 42.55% in contract amounts for the project 京能·天下川[11]. - The company reported a net profit for Q1 2020 of -5,569,079.63 CNY, compared to a net profit of 7,446,281.53 CNY in Q1 2019, indicating a significant decline[28]. - The total comprehensive income for Q1 2020 was -5,569,079.63 CNY, compared to 7,600,227.00 CNY in Q1 2019, reflecting a substantial decrease[28]. - The total profit for Q1 2020 was -17,284,598.81 CNY, a sharp decline from -1,185,425.97 CNY in Q1 2019, indicating worsening financial health[31]. Assets and Liabilities - Total assets increased by 1.45% to CNY 13.44 billion compared to the end of the previous year[6]. - Total assets as of March 31, 2020, were CNY 13,443,676,508, an increase from CNY 13,251,614,830 as of December 31, 2019[20]. - Total liabilities increased to CNY 3,033,507,312 from CNY 2,870,293,830, reflecting a rise in financial obligations[20]. - Total liabilities increased to ¥4,737,162,883.27 in Q1 2020 from ¥4,511,803,710.49 in Q4 2019, indicating a rise of 5.0%[25]. - Current liabilities reached CNY 2,870,293,829.55, including short-term borrowings of CNY 604,693,333.33 and accounts payable of CNY 379,618,690.05[37]. - Long-term borrowings decreased by 2.06% to CNY 326,367,040 from CNY 333,221,380, indicating a reduction in long-term debt[15]. - Long-term borrowings increased to ¥3,792,395,943.29 in Q1 2020 from ¥3,159,649,957.87 in Q4 2019, reflecting a rise of 19.9%[25]. Cash Flow - Net cash flow from operating activities improved by 66.39% to a negative CNY 370.91 million compared to the previous year[6]. - The company reported a net cash outflow from operating activities of -370,905,210.15 CNY in Q1 2020, an improvement from -1,103,647,537.16 CNY in Q1 2019[31]. - The company achieved cash inflows from operating activities of 618,396,394.46 CNY in Q1 2020, a significant increase from 68,929,970.32 CNY in Q1 2019[31]. - The company experienced a net decrease in cash and cash equivalents of -405,193,640.31 RMB in Q1 2020, compared to an increase of 675,402,914.59 RMB in Q1 2019[35]. - Cash and cash equivalents decreased significantly from ¥487,650,336.86 in December 2019 to ¥82,456,696.55 in March 2020[24]. Shareholder Information - The number of shareholders reached 23,695 by the end of the reporting period[9]. - Shareholders' equity totaled ¥2,463,718,207.27 as of March 31, 2020, down from ¥2,491,857,166.74 at the end of 2019, a decrease of 1.1%[26]. - The company reported an increase in unappropriated profits to CNY 911,212,888.94[38]. Strategic Initiatives - The company plans to issue a debt financing plan with a total amount of CNY 1.5 billion, aimed at repaying maturing debts[16]. - The company is focusing on cost control measures to improve financial performance amid declining revenues[27]. - The company implemented a new revenue recognition standard effective January 1, 2020, adjusting the beginning balance of contract liabilities and tax payable[38]. - The company plans to adopt the new lease standard starting January 1, 2021[44].
京能置业(600791) - 2020 Q1 - 季度财报