GREATTOWN(SH:900940)2020-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 2.38 billion, representing a 42.87% increase year-on-year[5] - Net profit attributable to shareholders decreased by 25.08% to CNY 119 million compared to the same period last year[5] - Basic earnings per share decreased by 25.08% to CNY 0.0481[5] - The company reported a net profit of CNY 108.69 million after deducting non-recurring gains and losses, a decrease of 31.75% year-on-year[5] - Net profit for Q1 2020 was ¥149,081,745.46, a decrease of 18.7% from ¥183,441,649.55 in Q1 2019[33] - Total revenue for Q1 2020 reached ¥2,382,404,888.52, a significant increase of 42.7% compared to ¥1,667,580,999.34 in Q1 2019[32] Cash Flow - Cash flow from operating activities increased significantly by 72.13% to CNY 2.08 billion[5] - Cash inflow from operating activities totaled 7,848,206.83 RMB, down from 6,283,723,931.68 RMB year-over-year[38] - Cash outflow from operating activities increased to 26,596,007.22 RMB, compared to 5,981,995,464.30 RMB in the same period last year[38] - The company reported a significant increase in cash inflow from operating activities, totaling CNY 3,901,124,163.38 in Q1 2020, compared to CNY 3,432,502,940.79 in Q1 2019[36] - Cash inflow from financing activities was 2,466,033,206.93 RMB, while cash outflow totaled 2,928,995,000.00 RMB, resulting in a net cash flow of -462,961,793.07 RMB[39] Assets and Liabilities - Total assets increased by 1.84% to CNY 42.73 billion compared to the end of the previous year[5] - The company’s total liabilities increased by 80.03% to RMB 4,549,141,583.97, primarily due to an increase in debts due within one year[12] - The total liabilities of the company as of March 31, 2020, were 28,430,562,232.52 RMB, up from 27,678,681,895.14 RMB at the end of 2019, indicating a rise of about 2.7%[25] - The company's total assets reached 42,726,097,333.64 RMB as of March 31, 2020, compared to 41,952,591,028.53 RMB at the end of 2019, reflecting an increase of approximately 1.8%[25] Shareholder Information - The total number of shareholders reached 56,710 at the end of the reporting period[10] - The largest shareholder, Mingcheng Enterprise Management Group, holds 9.52% of the shares, with 116 million shares pledged[10] Investments and Acquisitions - The company acquired a land parcel in Shanghai for RMB 710 million, with an area of 51,782.3 square meters, through public bidding[14] - A second land acquisition in Fuzhou was made for RMB 2.46 billion, covering an area of 44,217 square meters[15] - The company plans to issue corporate bonds up to RMB 6 billion to professional investors, which is currently in the preparation stage[16] - The company reported a significant increase in investment income, rising to RMB 5,477,963.02 from a loss of RMB 9,769,364.80 in the previous period[13] Employee and Stock Information - The employee stock ownership plan has purchased a total of 31,875,600 shares of the company's A-shares at an average price of 6.524 RMB per share from February to March 2020[18] Other Financial Metrics - The weighted average return on equity decreased by 0.38 percentage points to 0.92%[5] - Non-recurring gains and losses totaled CNY 10.31 million for the reporting period[7] - The company's deferred income tax liabilities surged by 483.70% to RMB 66,299,189.62, mainly due to fair value changes[12] - The company has not reported any significant changes in its net profit forecast for the year compared to the previous year[20]