CSSD(SH:601512)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥720,456,269.77, representing an increase of 18.73% year-on-year[11]. - Operating revenue for the period was ¥1,365,124,501.13, a decrease of 48.62% compared to the same period last year[11]. - Basic earnings per share increased to ¥0.48, up 6.67% from ¥0.45 in the same period last year[11]. - The weighted average return on equity decreased to 6.88%, down 0.69 percentage points from 7.57% in the previous year[11]. - Net profit for Q1 2020 was ¥807,152,057.99, a decrease of 14.7% from ¥946,108,273.78 in Q1 2019[38]. - Total operating revenue for Q1 2020 was ¥1,365,124,501.13, a decrease of 48.7% compared to ¥2,656,925,284.20 in Q1 2019[35]. - Earnings per share for Q1 2020 was ¥0.48, compared to ¥0.45 in Q1 2019, indicating a slight improvement in profitability per share[40]. - The total comprehensive income for Q1 2020 was ¥807,078,309.41, compared to ¥946,163,396.32 in Q1 2019, reflecting a decline in overall profitability[40]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥23,895,513,153.60, an increase of 3.31% compared to the end of the previous year[11]. - The total net assets attributable to shareholders of the listed company increased to ¥10,820,482,051.36, a rise of 6.74% compared to the previous year[11]. - Total liabilities amounted to ¥9,235,888,402.81, down from ¥9,361,642,421.34, indicating a decrease of 1.34%[30]. - Current liabilities decreased to ¥6,345,010,718.88 from ¥6,648,840,828.67, a reduction of 4.56%[31]. - Long-term borrowings increased to ¥2,683,876,422.44, up from ¥2,515,044,779.99, representing a growth of 6.69%[30]. - Total liabilities as of Q1 2020 amounted to ¥3,595,237,304.46, down from ¥4,189,771,000.89 in the previous year[35]. - Total equity increased to ¥7,809,991,663.84 in Q1 2020, compared to ¥7,195,980,525.46 in Q1 2019, showing a growth of 8.5%[35]. Cash Flow - Net cash flow from operating activities was -¥512,172,837.28, worsening from -¥171,780,967.77 in the previous year[11]. - Cash flow from operating activities showed a net outflow of CNY -512,172,837.28 in Q1 2020, worsening from CNY -171,780,967.77 in Q1 2019[45]. - The net cash flow from financing activities was -254,592,206.23 CNY, a decrease compared to 74,455,756.53 CNY in the previous year, indicating a significant decline in financing activities[47]. - The cash inflow from operating activities was 112,919,406.90 CNY, down from 244,868,229.71 CNY, indicating a decline in revenue generation from core operations[49]. - The company incurred a total debt repayment of 1,017,300,416.67 CNY, significantly higher than 417,816,000.00 CNY in the previous year, reflecting increased financial obligations[47]. Shareholder Information - The company reported a total of 45,076 shareholders at the end of the reporting period[15]. - Shareholders' equity rose to ¥14,659,624,750.79 from ¥13,768,250,300.76, an increase of 6.46%[30]. Inventory and Receivables - Accounts receivable increased to ¥1,315,923,735.95 from ¥388,364,466.74, a growth of 238.84% due to recognized revenue from the new technology city land development[18]. - The company’s inventory increased slightly to ¥6,907,231,979.61 from ¥6,877,105,702.96, showing a stable inventory management[27]. - Inventory increased slightly to ¥2,088,444,955.99 from ¥2,066,431,666.98, a growth of 1.06%[34]. Other Financial Metrics - Non-operating income included government subsidies amounting to ¥15,598,748.73[13]. - The company reported a decrease in financial expenses by 540.33% to -¥6,210,465.35, reflecting an increase in interest income[22]. - Goodwill increased significantly by 936.50% to ¥141,986,410.58 from ¥13,698,676.52, attributed to the acquisition of subsidiaries[18]. - Deferred tax assets rose to ¥384,155,384.71 from ¥365,795,139.61, an increase of 4.00%[29]. - The company’s cash and cash equivalents decreased to ¥4,420,357,901.81 from ¥5,594,684,620.38, indicating a reduction in liquidity[27]. Strategic Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[16]. - The company plans to continue focusing on land development projects and exploring new market opportunities[24].