中洲控股(000042) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,828,255,746.54, representing a 168.51% increase compared to ¥680,879,179.21 in the same period last year[8] - The net profit attributable to shareholders was -¥125,101,867.03, a decrease of 67.13% from -¥74,853,319.97 year-on-year[8] - The net cash flow from operating activities was -¥108,455,836.09, down 117.35% from ¥625,038,052.01 in the previous year[8] - The company's operating revenue for the reporting period was CNY 1,828.26 million, an increase of CNY 1,147.38 million, or 168.51% year-on-year, primarily due to increased revenue from completed real estate projects[18] - The company's operating costs for the reporting period were CNY 1,538.80 million, an increase of CNY 1,003.63 million, or 187.54% year-on-year, mainly due to increased costs from completed real estate projects[18] - The company's tax and additional charges amounted to CNY 150.11 million, an increase of CNY 134.29 million, or 848.61% year-on-year, primarily due to increased land appreciation tax from completed real estate projects[18] - The company's net profit attributable to shareholders for the period from January to June 2021 is expected to increase by 22.03% to 83.05% compared to the same period last year, primarily due to increased revenue from real estate projects[25] - The company's basic earnings per share for the same period are expected to increase by 22.03% to 83.05%, reflecting the anticipated growth in net profit[25] - The company's investment income for the reporting period was CNY 15.86 million, an increase of CNY 7.33 million, or 85.90% year-on-year, mainly due to increased investment income accounted for using the equity method[18] - The company's selling expenses for the reporting period were CNY 47.89 million, an increase of CNY 16.12 million, or 50.76% year-on-year, primarily due to increased marketing expenses for new property sales[18] - The company's income tax expense for the reporting period was CNY 67.74 million, an increase of CNY 70.76 million, or 2,348.33% year-on-year, mainly due to the impact of premium asset acquisitions on income tax expenses[19] - The net profit for Q1 2021 was a loss of CNY 178,180,677.47, compared to a loss of CNY 96,806,437.32 in the same period last year, reflecting a significant decline[44] - The basic and diluted earnings per share for Q1 2021 were both -0.1882, compared to -0.1126 in the previous year[45] - The financial expenses for the current period were CNY 139,561,524.07, an increase from CNY 119,488,817.39 in the previous period[43] - The investment income for Q1 2021 was CNY 15,858,097.10, compared to CNY 8,530,345.95 in the previous year, indicating growth in investment performance[43] - The company reported a significant increase in tax expenses, totaling CNY 67,743,245.18, compared to a tax benefit of CNY -3,013,045.32 in the previous period[44] - The operating profit for Q1 2021 was a loss of CNY 109,916,106.64, compared to a loss of CNY 89,675,400.59 in the previous year[44] - The total comprehensive income for Q1 2021 was a loss of CNY 178,180,677.47, compared to a loss of CNY 96,806,437.32 in the previous year[45] Assets and Liabilities - The total assets at the end of the reporting period were ¥42,627,371,597.89, a decrease of 4.09% from ¥44,443,757,648.47 at the end of the previous year[8] - Long-term equity investments increased to CNY 454,760,372.48 from CNY 421,965,725.64, reflecting a growth of approximately 7.5%[35] - Total assets decreased to CNY 42,627,371,597.89 from CNY 44,443,757,648.47, a decline of about 4.1%[37] - Total liabilities decreased to CNY 34,609,679,861.41 from CNY 36,246,929,386.14, a reduction of approximately 4.5%[36] - Current liabilities totaled CNY 20,008,744,665.85, down from CNY 21,689,149,574.38, indicating a decrease of about 7.7%[36] - Non-current liabilities remained relatively stable at CNY 14,600,935,195.56 compared to CNY 14,557,779,811.76, showing a slight increase of about 0.3%[36] - The company's total equity decreased to CNY 8,017,691,736.48 from CNY 8,196,828,262.33, a drop of about 2.2%[37] - The company reported a decrease in employee compensation payable to CNY 78,108,549.16 from CNY 135,323,081.94, a reduction of approximately 42.3%[36] - Deferred income tax assets decreased to CNY 1,727,204,089.04 from CNY 1,757,349,860.29, a decline of about 1.7%[35] - The total current liabilities included contract liabilities of CNY 8,775,438,067.79, which reflects the company's obligations to deliver goods or services[58] Cash Flow - The company's cash flow from investing activities for Q1 2021 was -CNY 17.37 million, an increase of CNY 46.42 million, or 72.77% year-on-year, primarily due to payments made in the previous year for employee exit funds[21] - Operating cash inflow totaled CNY 2,130,434,236.77, an increase from CNY 2,074,781,828.11 in the previous period[51] - Operating cash outflow amounted to CNY 2,238,890,072.86, compared to CNY 1,449,743,776.10 last year, resulting in a net cash flow from operating activities of -CNY 108,455,836.09[51] - Investment cash inflow reached CNY 2,352,563,450.26, significantly higher than CNY 761,295,728.03 in the prior period[51] - Investment cash outflow was CNY 2,369,935,074.91, compared to CNY 825,082,824.12 previously, leading to a net cash flow from investment activities of -CNY 17,371,624.65[51] - Financing cash inflow was CNY 198,784,180.77, down from CNY 1,314,518,260.33 in the last period[52] - Financing cash outflow totaled CNY 1,570,427,540.14, compared to CNY 1,367,152,323.92 previously, resulting in a net cash flow from financing activities of -CNY 1,371,643,359.37[52] - The net increase in cash and cash equivalents was -CNY 1,497,462,665.06, contrasting with an increase of CNY 508,587,587.82 in the previous period[52] - The ending balance of cash and cash equivalents stood at CNY 2,442,733,939.19, down from CNY 3,306,279,091.90 last year[52] - The company reported a significant increase in cash paid for purchasing goods and services, totaling CNY 1,575,720,279.80, compared to CNY 945,583,556.97 in the previous period[51] - Cash received from other operating activities was CNY 36,745,965.26, compared to CNY 208,400,846.77 previously[51] Shareholder Information - The company's total number of ordinary shareholders at the end of the reporting period was 13,526[12] - The largest shareholder, Shenzhen Zhongzhou Land Co., Ltd., held 52.62% of the shares, with 242,800,000 shares pledged[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] Corporate Developments - The company has established a new subsidiary, Dongguan Zhouxing Real Estate Co., Ltd., with an 80% ownership stake[16] - The first quarter report for 2021 was not audited, indicating that the figures may be subject to change upon final review[63]