荣安地产(000517) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥1,865,804,764.29, an increase of 1,883.87% compared to the same period last year[10] - Net profit attributable to shareholders was ¥586,237,984.40, a significant increase of 1,528.62% year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥498,570,939.74, up 1,292.21% from the previous year[10] - Total operating revenue for the current period reached ¥1,865,804,764.29, a significant increase from ¥94,048,789.00 in the previous period[65] - Net profit for the current period was ¥576,841,153.70, a recovery from a net loss of ¥41,220,251.68 in the previous period[69] - The total comprehensive income attributable to the parent company was ¥586,237,984.40, down by ¥41,035,125.25 compared to the previous period[72] Assets and Liabilities - The company's total assets at the end of the reporting period reached ¥28,081,398,031.32, reflecting a growth of 15.49% compared to the end of the previous year[10] - As of March 31, 2019, the total current assets amounted to CNY 26,241,632,170.56, an increase from CNY 22,699,257,231.11 in the previous year[48] - The total assets reached CNY 28,081,398,031.32, up from CNY 24,315,861,566.81 year-over-year[54] - The total liabilities increased to CNY 22,636,280,902.67 from CNY 19,547,261,163.06, reflecting a growth of approximately 15.5%[51] - The company's equity attributable to shareholders rose to CNY 5,434,605,414.41 from CNY 4,748,691,858.81, marking an increase of about 14.4%[54] - The total liabilities to equity ratio was approximately 4.16, indicating a high level of leverage[51] Cash Flow - Cash flow from operating activities showed a net outflow of ¥270,767,454.62, a decrease of 152.01% compared to the same period last year[10] - The net cash flow from operating activities was -¥270,767,454.62, a decline from ¥520,570,024.88 in the previous period[80] - The total cash inflow from operating activities was ¥6,978,367,450.34, down from ¥8,843,577,579.30 in the previous period[80] - The company recorded a cash outflow of ¥5,150,740,176.87 related to operating activities, compared to ¥6,919,435,777.98 in the previous period[80] - The total cash inflow from financing activities reached $2,872,969,565.00, compared to $724,230,000.00 in the prior period, indicating a strong increase of approximately 297%[86] - The net cash flow from financing activities was $2,098,165,762.81, up from $619,386,484.35, reflecting a growth of about 238%[86] Expenses - Sales expenses rose by 68.48% year-on-year, attributed to increased marketing efforts for multiple properties on sale[22] - Management expenses increased by 56.43% due to a rise in project personnel from additional development projects[22] - Financial expenses grew by 49.17% year-on-year, primarily due to increased interest expenses from higher borrowings[22] - The company reported a significant increase in sales expenses to ¥32,658,548.72 from ¥19,383,905.81, reflecting a rise of approximately 68.3%[65] - The company recorded a financial expense of ¥26,169,979.79, which increased from ¥17,543,431.06 in the previous period[65] Investment and Other Income - Investment income for the reporting period decreased by 2694.45% compared to the same period last year, primarily due to the cooperative projects being in the construction phase with no revenue generated[23] - The fair value change income of 117 million yuan was recognized due to the impact of the new financial instrument standards, adjusting available-for-sale financial assets to other non-current financial assets[23] - The investment income for the current period was ¥27,688.55, a significant drop from ¥3,130,783.93 in the previous period[77] Inventory and Receivables - The company's inventory stood at CNY 18,844,116,260.76, compared to CNY 17,369,056,194.28 in the previous year, indicating an increase of about 8.5%[45] - The company's other receivables decreased to CNY 2,255,213,359.40 from CNY 2,543,684,254.17, showing a decline of approximately 11.3%[45] Changes in Financial Position - The company's long-term borrowings increased by 79.22% due to the rise in project development loans[22] - The short-term borrowings were reported at CNY 810,000,000.00, up from CNY 698,000,000.00, representing a growth of approximately 16%[48] - The total non-current assets were CNY 1,839,765,860.76, an increase from CNY 1,616,604,335.70 year-over-year[48] - The company's retained earnings showed a decrease from ¥3,274,892,322.55 to ¥3,175,216,751.35, a reduction of ¥99,675,571.20[100]