GZP(SH:601228)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥236,821,980.87, a decrease of 10.88% year-on-year[6]. - Operating revenue for the period was ¥2,451,131,245.81, reflecting a growth of 2.91% compared to the same period last year[6]. - The company reported a significant decrease in asset disposal income, down 96.69% to ¥1,606,779.70 from ¥48,605,369.46, primarily due to last year's land transfer impact[13]. - Total operating revenue for Q1 2020 was CNY 2,451,131,245.81, an increase of 2.9% compared to CNY 2,381,724,110.02 in Q1 2019[23]. - Net profit for Q1 2020 was CNY 268,031,592.32, a decrease of 14.2% from CNY 312,352,106.88 in Q1 2019[24]. - Total comprehensive income for Q1 2020 was CNY 269,834,981.25, compared to CNY 327,545,749.87 in Q1 2019, a decrease of 17.6%[25]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥29,366,895,741.18, an increase of 1.81% compared to the end of the previous year[6]. - Total liabilities increased to ¥13,121,479,683.26, up from ¥12,848,083,413.18, representing a growth of approximately 2.12% year-over-year[19]. - Current assets totaled ¥3,912,468,324.56, an increase from ¥3,785,324,270.18, reflecting a growth of about 3.36% year-over-year[20]. - Non-current assets totaled ¥24,662,081,595.75, an increase from ¥24,338,058,972.35, indicating growth in long-term investments[18]. - The total equity attributable to shareholders reached ¥13,463,081,565.36, up from ¥13,250,717,739.45, marking a growth of around 1.60% year-over-year[19]. - The company's total current assets stand at ¥3,785,324,270.18[39]. Cash Flow - Net cash flow from operating activities amounted to ¥350,112,003.08, showing a slight increase of 0.33% year-on-year[6]. - Cash flow from investing activities decreased significantly by 113.17% to -¥903,623,486.38 from -¥423,899,051.47, primarily due to increased construction and equity investments[13]. - Cash flow from financing activities increased by 70.25% to ¥417,928,652.57 from ¥245,473,653.39, mainly due to increased borrowings[13]. - The net cash flow from financing activities was 89,053,564.54 RMB, down from 152,465,658.92 RMB in the previous year[34]. - The net cash flow from investment activities was -133,496,051.02 RMB, compared to -18,184,558.34 RMB in the previous year, indicating a significant decline in investment returns[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 98,393[10]. - The largest shareholder, Guangzhou Port Group Co., Ltd., held 75.72% of the shares[10]. - Basic and diluted earnings per share remained unchanged at ¥0.04[6]. Research and Development - Research and development expenses increased by 39.53% to ¥2,266,231.38 from ¥1,624,175.03, reflecting higher R&D investments during the period[13]. - Research and development expenses increased to CNY 2,266,231.38 in Q1 2020, compared to CNY 1,624,175.03 in Q1 2019, marking a growth of 39.6%[23]. Other Financial Metrics - Government subsidies recognized in the current period amounted to ¥13,660,463.38[7]. - Non-recurring gains and losses totaled ¥11,471,287.67 for the reporting period[9]. - The company reported a decrease in other comprehensive income to -¥61,821,938.55 from -¥63,575,592.31, showing an improvement in this area[19]. - Tax expenses for Q1 2020 were CNY 54,784,304.03, down from CNY 87,884,618.84 in Q1 2019, a reduction of 37.7%[24].