WGQ(SH:900912)2020-04-28 16:00Financial Performance - Operating revenue fell by 47.12% to CNY 1.73 billion year-on-year[6] - Net profit attributable to shareholders decreased by 82.57% to CNY 101.83 million compared to the same period last year[6] - Basic earnings per share dropped by 82.35% to CNY 0.09 per share[6] - Total operating revenue for Q1 2020 was ¥1,739,762,032.18, a decrease of 46.8% compared to ¥3,279,863,646.69 in Q1 2019[24] - Net profit for Q1 2020 was ¥113,241,098.82, down 81.1% from ¥599,765,059.32 in Q1 2019[25] - Operating profit for Q1 2020 was ¥183,743,026.82, a decline of 77.0% from ¥801,992,721.71 in Q1 2019[24] - Total operating costs for Q1 2020 were ¥1,607,849,530.53, a decrease of 35.2% from ¥2,486,290,271.23 in Q1 2019[24] - Basic and diluted earnings per share for Q1 2020 were both ¥0.09, down from ¥0.51 in Q1 2019[25] Cash Flow - Net cash flow from operating activities decreased by 7.05% to CNY 320.45 million[6] - Cash flow from operating activities decreased by 7.05% to CNY 320.45 million, mainly due to the recovery of a CNY 500 million land auction deposit[13] - Total cash inflow from financing activities in Q1 2020 was approximately ¥3.61 billion, compared to ¥3.30 billion in Q1 2019, an increase of 9.5%[30] - Net cash flow from financing activities in Q1 2020 was -¥184.34 million, an improvement from -¥727.48 million in Q1 2019[30] - Cash and cash equivalents at the end of Q1 2020 totaled approximately ¥1.73 billion, up from ¥1.01 billion at the end of Q1 2019, an increase of 71.5%[30] - The company reported a net cash flow from operating activities of ¥601.28 million for the parent company in Q1 2020, a significant recovery from a net outflow of -¥454.67 million in Q1 2019[31] Assets and Liabilities - Total assets decreased by 3.29% to CNY 33.66 billion compared to the end of the previous year[6] - The company’s total assets decreased from CNY 34.81 billion to CNY 33.66 billion, reflecting a decline in both current and non-current assets[19] - Total liabilities decreased from CNY 23,940,577,486.92 to CNY 22,685,537,739.24, a reduction of approximately 5.24%[20] - Current assets decreased from CNY 13,037,043,408.63 to CNY 12,096,362,508.95, a decline of about 7.23%[22] - Total liabilities reached CNY 23,940,577,486.92, with current liabilities at CNY 17,606,889,288.93 and non-current liabilities at CNY 6,333,688,197.99[36] - Total assets amounted to $23.19 billion[39] - Current liabilities totaled $11.04 billion, with short-term borrowings at $7.41 billion[39] - Non-current liabilities reached $4.41 billion, including long-term borrowings of $738.5 million and bonds payable of $3.60 billion[39] Shareholder Information - The total number of shareholders reached 63,400 at the end of the reporting period[10] - The largest shareholder, Shanghai Waigaoqiao Asset Management Co., Ltd., holds 53.03% of the shares[10] - Shareholders' equity increased from CNY 10,867,328,488.44 to CNY 10,977,492,914.05, a growth of approximately 1.01%[20] - Shareholders' equity stood at $7.74 billion, with retained earnings of $1.99 billion[39] Other Financial Metrics - The weighted average return on equity decreased by 4.73 percentage points to 0.96%[6] - Government subsidies recognized in the current period amounted to CNY 46.10 million[8] - Non-recurring gains and losses totaled CNY 35.86 million for the reporting period[8] - Financial expenses increased by 126.51% to CNY 115.61 million, primarily due to a decrease in the capitalization ratio of interest for the Senlan and Zhuqiao projects[13] - Other income surged by 715.23% to CNY 43.53 million, mainly from increased government subsidies compared to the previous year[13] - The company reported a significant increase in credit impairment losses of ¥9,951,187.82 in Q1 2020, compared to a loss of ¥249,180.54 in Q1 2019[24]