2020-04-29 16:00Financial Performance - Operating revenue decreased by 27.69% year-on-year to CNY 2.56 billion[4] - Net profit attributable to shareholders decreased by 70.08% to CNY 393.11 million[4] - Basic earnings per share decreased by 70.27% to CNY 0.11[4] - The weighted average return on equity decreased by 2.24 percentage points to 0.86%[4] - The company’s investment income dropped by 95.07% to CNY 7,622,135.39, primarily due to lower returns from the previous acquisition of the Nanchang project[10] - Total operating revenue for Q1 2020 was RMB 2,556,242,675.51, a decrease of 27.7% compared to RMB 3,534,967,245.82 in Q1 2019[26] - Net profit for Q1 2020 was RMB 400,692,425.40, a decline of 71.2% from RMB 1,393,222,665.87 in Q1 2019[27] - Basic earnings per share for Q1 2020 was RMB 0.11, compared to RMB 0.37 in Q1 2019[28] - The company reported a comprehensive income total of RMB 196,380,028.23 for Q1 2020, down from RMB 2,035,152,201.80 in Q1 2019[28] Cash Flow - Net cash flow from operating activities was negative at CNY -1.06 billion, a decrease of 1,010.07% compared to the same period last year[4] - The net cash flow from operating activities plummeted by 1010.07% to -CNY 1,060,020,836.59, largely due to rent reductions and deferrals caused by the pandemic[11] - The company reported cash inflow from investment activities of $3.06 billion, compared to $1.44 billion in the previous year[37] - Cash inflow from financing activities totaled $6.66 billion, up from $1.64 billion year-over-year[37] - Cash outflow for financing activities was $3.69 billion, compared to $1.36 billion in the previous year[37] Assets and Liabilities - Total assets at the end of the reporting period increased by 2.62% to CNY 125.50 billion compared to the end of the previous year[4] - The total liabilities saw a significant increase, with long-term payables rising by 32.81% to CNY 842,515,952.60 due to new long-term financing[10] - Total liabilities increased to ¥39,145,069,092.28 from ¥37,080,228,864.60, reflecting a growth of approximately 5.6%[25] - Total equity attributable to shareholders reached ¥45,829,116,065.67, a slight increase from ¥45,714,637,942.01, indicating a growth of about 0.25%[21] - Total assets amounted to ¥55,947,362,777.77, up from ¥53,950,039,772.09, reflecting an increase of approximately 3.7%[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 65,946[8] - The largest shareholder, Red Star Macalline Holding Group Co., Ltd., held 55.70% of the shares[8] Government Support and Subsidies - Government subsidies recognized in the current period amounted to CNY 43.97 million[6] - The company experienced a 402.52% increase in other income, reaching CNY 43,970,437.75, due to increased government support funds received[10] Investment and Financing Activities - The company plans to issue debt financing tools up to CNY 15 billion, with a registered amount of CNY 5 billion for the first tranche at an interest rate of 5.70%[12] - The company successfully issued bonds totaling RMB 5 billion with a coupon rate of 4.95%, completing the issuance on March 10, 2020[17] Operational Adjustments - The company waived one month of rent and management fees for eligible merchants in self-operated malls to support their operations during the COVID-19 pandemic[14] - The company plans to focus on market expansion and new product development in the upcoming quarters[29] Other Financial Metrics - Financial expenses for Q1 2020 increased to RMB 652,110,635.71, up 44.1% from RMB 452,717,930.11 in Q1 2019[27] - Research and development expenses for Q1 2020 were RMB 6,574,561.40, down 27.4% from RMB 9,053,788.82 in Q1 2019[27] - The company reported a total operating profit of -111,843,199.28 RMB in Q1 2020, an improvement from -128,617,399.17 RMB in Q1 2019[31]