锦江B股(900934) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2019 was CNY 3.34 billion, representing a year-on-year increase of 2.66%[6] - Net profit attributable to shareholders for Q1 2019 was CNY 295.38 million, up 28.18% from the same period last year[6] - Basic earnings per share for Q1 2019 were CNY 0.3083, an increase of 28.18% compared to CNY 0.2406 in Q1 2018[6] - Total revenue for the company in Q1 2019 was RMB 3,337.2 million, a 2.66% increase compared to the same period last year[28] - Revenue from mainland China was RMB 2,460.6 million, up 4.65% year-on-year, while revenue from overseas operations decreased by 2.55% to RMB 876.6 million[28] - The company reported a total profit of CNY 442,414,631.45 for Q1 2019, compared to CNY 272,365,416.14 in Q1 2018, indicating a significant increase of 62.3%[61] - The profit attributable to shareholders of the parent company for Q1 2019 was CNY 295,377,991.84, up from CNY 230,435,042.34 in Q1 2018, marking a growth of 28.2%[61] Cash Flow - Cash flow from operating activities for Q1 2019 was CNY 52.24 million, a significant decrease of 78.81% compared to Q1 2018[6] - Net cash flow from operating activities was ¥52,239,327.46, a decline of 78.81% from ¥246,581,796.92, mainly due to changes in collection methods and increased employee bonuses[43] - Net cash flow from investing activities was -¥239,399,499.03, worsening by ¥108,963,006.54 from -¥130,436,492.49, primarily due to stock purchases and cash payments for subsidiaries[43] - Net cash flow from financing activities was -¥755,336,335.74, an improvement of ¥174,636,059.03 from -¥929,972,394.77, mainly due to the purchase of a smaller stake in Plateno Group[43] Assets and Liabilities - Total assets as of March 31, 2019, were CNY 39.60 billion, a decrease of 1.32% compared to the end of 2018[6] - The total liabilities stood at CNY 25.57 billion, down from CNY 26.33 billion, reflecting a decrease of approximately 2.9%[54] - Current liabilities increased to CNY 8.97 billion from CNY 8.05 billion, representing an increase of approximately 11.5%[54] - Short-term borrowings increased by 70.48% to RMB 21.4 million, attributed to additional borrowings by the Louvre Group[34] - Long-term borrowings decreased to CNY 13.72 billion from CNY 15.51 billion, a decline of about 11.6%[54] Hotel Operations - The company opened 313 new hotels and closed 125 hotels in Q1 2019, resulting in a net increase of 188 hotels[17] - The total number of hotels in operation reached 7,631, with a total of 755,892 guest rooms as of March 31, 2019[18] - The average occupancy rate for mid-range hotels was 73.55%, while for economy hotels it was 68.11% in Q1 2019[21] - The company signed contracts for a total of 11,252 hotels, with a total of 1,148,457 guest rooms as of March 31, 2019[19] - The total number of signed hotels reached 9,901, an increase from 9,490 in the previous year, marking a growth of approximately 4.34%[83] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 6.12 million related to its normal business operations[10] - Non-operating income for the period included a gain of CNY 301.19 million from the disposal of financial assets[10] - Other income decreased to ¥342,112.94, down 31.53% from ¥499,655.43, mainly due to reduced government subsidies received[39] Research and Development - R&D expenses increased to ¥17,835,016.30, a growth of 45.18% compared to ¥12,285,045.54 in the same period last year, primarily due to increased software development costs[39] Financial Standards and Changes - The company executed new financial instrument accounting standards starting January 1, 2019, which may impact future financial reporting[75] - The company has implemented new financial instrument standards, resulting in significant changes in financial asset valuations and classifications[33]