2021-04-28 16:00Financial Performance - Operating revenue for the first quarter reached CNY 6.55 billion, an increase of 163.83% year-on-year[13] - Net profit attributable to shareholders was CNY 323.46 million, up 64.11% compared to the same period last year[13] - The net cash flow from operating activities was CNY 474.34 million, a significant increase of 171.77% year-on-year[13] - The basic earnings per share for the quarter were CNY 0.09, an increase of 80.00% compared to the previous year[13] - The total profit for Q1 2021 was ¥457,873,716, reflecting a 39.11% increase from ¥329,151,566 in Q1 2020[20] - The net profit attributable to shareholders for Q1 2021 was ¥323,457,029, up 64.11% from ¥197,102,141 in Q1 2020[20] - The basic earnings per share for Q1 2021 increased to ¥0.09, an 80.00% rise from ¥0.05 in Q1 2020[20] - The company reported a total profit of RMB 457,873,716 for Q1 2021, compared to RMB 329,151,566 in Q1 2020, which is an increase of about 39%[48] - The company’s total comprehensive income for Q1 2021 was RMB 317,107,842, compared to RMB 244,145,638 in Q1 2020, indicating a growth of about 30%[48] Assets and Liabilities - Total assets at the end of the reporting period were CNY 80.70 billion, a decrease of 6.64% compared to the end of the previous year[13] - The company's total assets decreased to ¥80,704,955,026 as of March 31, 2021, down from ¥86,443,456,322 at the end of 2020[27] - The company's total liabilities decreased to ¥56,772,646,915 as of March 31, 2021, compared to ¥63,091,002,770 at the end of 2020[27] - Total liabilities decreased from 66,714,372,633 to 60,658,763,495, a reduction of approximately 9.5%[33] - Total equity increased from 19,729,083,689 to 20,046,191,531, reflecting a growth of about 1.6%[33] - Total assets decreased from 45,921,109,070 to 44,292,049,817, a decline of about 3.6%[39] - Total liabilities and equity decreased from 86,443,456,322 to 80,704,955,026, a reduction of about 6.6%[33] Cash Flow - Cash inflow from operating activities for Q1 2021 was CNY 3,873,353,195, an increase of 34.3% compared to CNY 2,887,098,569 in Q1 2020[57] - Net cash flow from operating activities for Q1 2021 was CNY 474,336,331, a significant improvement from a net outflow of CNY 660,927,139 in Q1 2020[57] - Cash outflow from investing activities in Q1 2021 was CNY 166,320,620, compared to CNY 3,194,300 in Q1 2020, indicating increased investment activity[60] - Net cash flow from financing activities for Q1 2021 was a negative CNY 2,307,643,329, compared to a negative CNY 2,827,656 in Q1 2020, reflecting a reduction in financing outflows[60] - Total cash and cash equivalents at the end of Q1 2021 were CNY 8,833,685,099, down from CNY 11,108,961,613 at the end of Q1 2020[60] - Cash inflow from financing activities in Q1 2021 was CNY 7,029,085,524, a substantial increase from CNY 1,504,792,644 in Q1 2020[60] - Cash outflow for debt repayment in Q1 2021 was CNY 8,199,448,582, compared to CNY 967,478,773 in Q1 2020, indicating higher debt servicing costs[60] - The company reported a net cash flow from investment activities of negative CNY 1,742,089,650 in Q1 2021, compared to a positive CNY 554,430,825 in Q1 2020, indicating a shift in investment strategy[63] Operational Metrics - The company reported a total land reserve of 6.86 million square meters, with no new real estate reserves added during the period[17] - The sales area for the first quarter was 140,700 square meters, representing a year-on-year increase of 59.70%[17] - The total operating income from the conference center was CNY 51.79 million, while the office sector generated CNY 163.04 million[17] - The company reported a significant increase in operating costs, which rose to ¥5,117,831,350 in Q1 2021, a 229.54% increase from ¥1,553,000,949 in Q1 2020[20] - The gross profit margin for Q1 2021 was approximately 6.67%, compared to 10.00% in Q1 2020, showing a decline in profitability[45] - Research and development expenses were not explicitly reported, indicating a potential focus on cost management in this area[45] - The company experienced a net investment loss of RMB 922,586 in Q1 2021, contrasting with a gain of RMB 10,465,814 in Q1 2020, highlighting a shift in investment performance[45] - Tax expenses for Q1 2021 amounted to RMB 140,765,874, compared to RMB 85,005,928 in Q1 2020, reflecting an increase of approximately 65%[48] Shareholder Information - The company had a total of 148,671 shareholders at the end of the reporting period[13]