LJZ(SH:900932)2020-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 4.15 billion, a 7.78% increase from CNY 3.85 billion in the same period last year[7] - Net profit attributable to shareholders decreased by 12.70% to CNY 761.03 million compared to CNY 871.74 million in the previous year[7] - Basic earnings per share decreased by 12.73% to CNY 0.1886 from CNY 0.2161 in the previous year[7] - The total revenue for the first quarter was not explicitly stated, but the overall financial health indicates a positive outlook for future performance[25] - Total operating revenue for Q1 2020 was ¥4,153,517,607.04, an increase of 7.8% compared to ¥3,853,576,821.11 in Q1 2019[26] - Net profit for Q1 2020 was ¥1,327,766,426.92, up 31.9% from ¥1,006,892,234.15 in Q1 2019[26] - Comprehensive income for Q1 2020 totaled ¥1,326,723,665.35, compared to ¥1,007,331,359.49 in Q1 2019, indicating a growth of 31.7%[27] - The total profit for Q1 2020 was ¥1,854,075,904.18, an increase of 35.5% compared to ¥1,367,549,631.47 in Q1 2019[26] Assets and Liabilities - Total assets increased by 3.44% to CNY 94.58 billion compared to the end of the previous year[7] - Current liabilities rose to ¥42.48 billion, compared to ¥41.24 billion, reflecting an increase of about 3.0%[19] - Non-current liabilities totaled ¥21.72 billion, up from ¥21.15 billion, indicating a growth of around 2.5%[20] - Total liabilities increased to ¥64.20 billion from ¥62.38 billion, reflecting a growth of about 2.9%[20] - The company reported a total asset value of CNY 91,440,175,340.91 as of December 31, 2019[35] - Total liabilities amounted to CNY 62,383,432,902.96, with current liabilities at CNY 41,235,405,704.24 and non-current liabilities at CNY 21,148,027,198.72[36] Shareholder Information - Net assets attributable to shareholders rose by 4.19% to CNY 18.88 billion year-on-year[7] - The total number of shareholders at the end of the reporting period was 110,393[10] - The largest shareholder, Shanghai Lujiazui (Group) Co., Ltd., held 56.42% of the shares[10] - Shareholders' equity reached ¥30.38 billion, an increase from ¥29.06 billion, marking a growth of approximately 4.5%[20] Cash Flow - The net cash flow from operating activities was negative at CNY -2.23 billion, compared to CNY -561.63 million in the same period last year[7] - Cash flow from operating activities in Q1 2020 was ¥1,216,826,501.39, a decline of 49.0% from ¥2,385,921,969.82 in Q1 2019[30] - Net cash flow from operating activities was -CNY 1,827,424,904.81, compared to -CNY 1,430,513,853.97 in the previous year[33] - Cash inflow from investment activities totaled CNY 233,008,018.70, significantly up from CNY 15,933,178.73 in Q1 2019[33] - Cash inflow from financing activities reached CNY 8,700,000,000.00, an increase from CNY 7,460,033,138.48 in Q1 2019[33] Operating Costs and Expenses - Operating costs decreased by 37.65% to ¥1,126,899,481.15 compared to the same period last year, primarily due to the sale of a subsidiary with lower costs[13] - Tax and additional charges increased by 102.69% to ¥807,106,386.54, mainly due to high land value-added tax from the sale of a subsidiary[13] - Sales expenses rose by 93.14% to ¥32,353,825.35, attributed to increased promotional costs following the operation of a new commercial mall[13] - Financial expenses decreased by 31.48% to ¥233,110,864.73, mainly due to an increase in capitalized interest[13] - The company reported a significant decrease in financial expenses, which fell to ¥233,110,864.73 in Q1 2020 from ¥340,204,443.76 in Q1 2019, a reduction of 31.5%[26] Other Financial Metrics - The weighted average return on equity fell by 1.16 percentage points to 4.11%[7] - The company received government subsidies totaling CNY 42.69 million, primarily from financial industry support funds[7] - The company executed new revenue and lease standards starting in 2020, impacting financial reporting[34] - The company has not made retrospective adjustments to prior year financial statements under the new revenue recognition standards[40]