LJZ(SH:900932)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 16.22% to CNY 884.48 million year-on-year[7] - Operating revenue decreased by 29.01% to CNY 2.95 billion compared to the same period last year[7] - Net profit for Q1 2021 was CNY 1,042,831,271.42, down 21.5% from CNY 1,327,766,426.92 in Q1 2020[22] - Operating profit for Q1 2021 was CNY 1,386,767,144.32, a decrease of 24.5% compared to CNY 1,836,187,128.44 in Q1 2020[21] - The company reported a net profit guidance indicating potential losses or significant changes compared to the previous year[13] Cash Flow - Net cash flow from operating activities improved significantly to CNY 1.38 billion, a turnaround from a negative CNY 2.23 billion in the previous year[7] - Cash flow from operating activities for Q1 2021 was CNY 1,384,909,324.00, a significant recovery from a negative cash flow of CNY 2,232,032,623.03 in Q1 2020[27] - The net cash flow from operating activities was ¥1,735,515,496.62, a significant improvement compared to a net outflow of ¥1,827,424,904.81 in the previous period[30] - The company reported a total cash inflow from operating activities of ¥2,404,047,081.69, compared to ¥755,332,606.55 in the previous period, reflecting a 217.5% increase[30] Assets and Liabilities - Total assets increased by 4.45% to CNY 105.86 billion compared to the end of the previous year[7] - The company's total assets increased to CNY 71,437,309,008.12 as of March 31, 2021, up from CNY 66,423,866,521.67 at the end of 2020, representing a growth of 4.8%[20] - Total liabilities rose to CNY 61,435,251,921.80, an increase of 8.0% from CNY 56,416,829,933.02 at the end of 2020[20] - The company's major liabilities included a 39.42% increase in current non-current liabilities due to maturing long-term borrowings[11] Revenue and Expenses - Total revenue for Q1 2021 was CNY 2,948,380,656.47, a decrease of 29.0% compared to CNY 4,153,517,607.04 in Q1 2020[21] - Sales expenses reduced by 40.11% to ¥19,377,200.69, in line with the decrease in operating income[12] - The company’s sales expenses decreased by 44% to CNY 11,650,872.09 in Q1 2021 from CNY 20,863,964.34 in Q1 2020[24] Investments - Investment cash flow turned negative at ¥975,580,147.53, primarily due to a ¥300 million investment in Shanghai Dongrao Real Estate Co., Ltd.[12] - The company’s long-term investments increased to CNY 29,389,547,367.79 as of March 31, 2021, compared to CNY 29,106,142,554.50 at the end of 2020, reflecting a growth of 1.0%[20] Government Subsidies - The company received government subsidies amounting to CNY 5.84 million related to its subsidiary, Lujiazui International Trust[7] - The company has not received government subsidies this year, which contributed to a decrease in other income by 86.31% to ¥5,844,348.78[12] Shareholder Information - The number of shareholders reached 112,328 by the end of the reporting period[9] Market Performance - The rental rate for Grade A office properties in Shanghai was 78% with an average rent of ¥8.65 per square meter per day[13] - The overall sales rate for residential projects was 75%, with the highest being 100% for the Jinxiuguan Phase I project[14]