招商积余(001914) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 2,211,275,077.90, representing a 26.17% increase compared to CNY 1,752,656,654.02 in the same period last year[7]. - The net profit attributable to shareholders of the listed company reached CNY 116,626,299.61, a significant increase of 96.42% from CNY 59,377,098.41 year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 102,368,052.62, marking a 249.88% increase compared to CNY 29,258,444.82 in the previous year[7]. - The basic and diluted earnings per share were both CNY 0.1100, reflecting a 96.43% increase from CNY 0.056 in the same period last year[7]. - The company reported a total operating revenue of RMB 2,043,821,030.22 for property management, representing a year-on-year increase of 26.51%[34]. - The gross profit margin for property management was 10.21%, which is an increase of 0.52% compared to the same period last year[34]. - The company’s residential property management revenue reached RMB 517,250,567.99, with a gross profit margin of 3.49%, marking a year-on-year increase of 38.60%[34]. - The company’s non-residential property management revenue was RMB 1,206,540,854.43, with a gross profit margin of 11.31%, showing a year-on-year increase of 23.53%[34]. - The company reported a total of CNY 4,488,932,052.98 in current assets, a slight increase from CNY 4,472,484,062.39 in the previous year[61]. - The total comprehensive income for the current period is 108,127,417.34, compared to 51,791,352.60 in the previous period, reflecting an increase of approximately 108.5%[78]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 16,152,808,869.29, a decrease of 0.84% from CNY 16,279,503,134.31 at the end of the previous year[7]. - The net assets attributable to shareholders of the listed company increased to CNY 8,413,365,009.63, up 1.25% from CNY 8,307,076,670.17 at the end of the previous year[7]. - The company’s total liabilities decreased by 91.33% in current non-current liabilities, amounting to CNY 13.78 million, due to the repayment of "16积余债" upon maturity[19]. - The total liabilities amounted to CNY 7,766,842,818.75, slightly decreased from CNY 7,998,027,262.15 year-over-year[60]. - The total equity attributable to shareholders of the parent company increased to CNY 8,413,365,009.63 from CNY 8,309,303,680.12, reflecting a growth of about 1.25%[60]. - The company’s non-current liabilities totaled CNY 3,620,888,200.80, an increase from CNY 2,045,356,672.17, indicating significant growth in long-term obligations[60]. - The company reported a total of 673.31 million in investment properties and 1.47 million in intangible assets[113]. Cash Flow - The net cash flow from operating activities was negative at CNY -712,364,521.94, an improvement of 12.78% compared to CNY -816,698,656.04 in the same period last year[7]. - Cash received from sales of goods and services rose by 41.73% to CNY 187.65 million, attributed to higher income from property management services[22]. - Cash inflow from operating activities increased from 1,893,735,966.67 to 2,244,946,623.14, representing a growth of approximately 18.5%[86]. - Cash outflow from operating activities increased from 2,710,434,622.71 to 2,957,311,145.08, indicating a rise of about 9.1%[89]. - Cash inflow from financing activities increased from 350,000,000.00 to 1,598,500,000.00, showing a significant increase of over 355%[92]. - Net cash flow from financing activities improved from -207,120,957.33 to 48,852,036.81[92]. - The company reported a net cash decrease of -655,942,937.85 compared to -1,029,105,362.36 in the previous period[92]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,137, with the top ten shareholders holding a significant portion of the shares[11]. - The largest shareholder, China Merchants Shekou Industrial Zone Holdings Co., Ltd., held 47.45% of the shares, amounting to 503,134,000 shares[11]. Corporate Actions - The company completed the acquisition of 100% equity in a subsidiary, which is classified as a business combination under common control[7]. - The company appointed Chen Haizhao as the new General Manager on January 24, 2021, following the resignation of the previous General Manager[25]. - The company issued medium-term notes "21招商积余MTN001" amounting to CNY 1.50 billion, marking a significant increase in cash received from borrowings by 356.71%[22]. - The company issued its first tranche of medium-term notes in 2021, raising a total of RMB 15 billion at an interest rate of 3.87%[28]. - The company completed the principal and interest payment for the "16 Jiyu Bond" on March 1, 2021, and subsequently delisted the bond[27]. Segment Performance - The company’s asset management segment generated an operating revenue of RMB 131,275,888.47, with a gross profit margin of 61.92%, reflecting a year-on-year increase of 42.54%[38]. - The company’s specialized services segment reported an operating revenue of RMB 320,029,607.80, with a gross profit margin of 16.92%, up by 20.46% year-on-year[38]. - The top three revenue-generating segments in specialized services for Q1 2021 were: 1. Real estate agency and co-marketing services: CNY 124.07 million (38.77% of specialized service revenue) with a gross margin of 20.81%. 2. Facility management services: CNY 63.21 million (19.75% of specialized service revenue) with a gross margin of 14.55%. 3. Construction technology services: CNY 62.95 million (19.67% of specialized service revenue) with a gross margin of 7.64%[39].