深物业B(200011) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥385,944,107.52, a decrease of 29.10% compared to ¥544,366,414.09 in the same period last year[7] - Net profit attributable to shareholders increased by 46.72% to ¥78,431,920.59 from ¥53,456,824.88 year-on-year[7] - Basic earnings per share rose by 46.71% to ¥0.1316 from ¥0.0897 in the same period last year[7] - The company reported a net profit attributable to the parent company of CNY 78,431,920.59, an increase of 46.72% year-on-year, mainly due to increased gross profit from real estate projects[14] - The total comprehensive income for Q1 2019 was CNY 74,776,885.24, compared to CNY 55,586,854.76 in the same period last year, marking a 34.6% increase[37] - The company's net profit for Q1 2019 was CNY 70,051,302.91, a significant increase from CNY 16,058,049.35 in the same period last year, representing a growth of approximately 336.5%[41] - Operating profit for the quarter reached CNY 93,411,199.89, compared to CNY 21,372,583.66 in Q1 2018, indicating an increase of about 338.5%[40] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of ¥64,518,467.02, an improvement of 106.71% compared to a net outflow of ¥96,704,935.74 in the previous year[7] - The company's cash flow from operating activities showed a net outflow of CNY 64,518,467.02, a decrease of 33.28% compared to the same period last year, mainly due to increased cash inflow from sales[15] - The company's cash and cash equivalents showed a net decrease of CNY 128,395,389.69, an increase in outflow of 454.11% compared to the same period last year, attributed to increased interest payments[15] - The company incurred a total operating cash outflow of CNY 556,050,391.01, compared to CNY 334,493,506.41 in the previous year, representing an increase of about 66.1%[44] - The company's cash and cash equivalents decreased by CNY 12,942,160.79, resulting in a closing balance of CNY 2,507,846,833.37[52] Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,714,873,623.91, an increase of 49.73% from ¥5,820,202,137.54 at the end of the previous year[7] - Total current assets increased to ¥7,698,873,329.79 as of March 31, 2019, up from ¥4,712,264,140.96 at the end of 2018, representing a growth of approximately 63.0%[26] - Total liabilities increased to ¥5,115,957,800.95 from ¥2,479,002,826.53, indicating a growth of approximately 106.4%[27] - Long-term borrowings at the end of the period amounted to CNY 2,194,000,000.00, reflecting a significant increase of 219,300% due to the consolidation of Shenzhen Honor Real Estate Development Co., Ltd.[14] - The total liabilities as of Q1 2019 amounted to CNY 2,525,935,223.44, an increase of 35.8% from CNY 1,858,885,730.38[34] - The total equity for the company was CNY 3,137,783,359.67, up from CNY 3,067,732,056.76, indicating a growth of 2.3%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,082, with the largest shareholder holding 63.82% of the shares[10] - The largest shareholder, Shenzhen Investment Holdings, held 380,378,897 shares, representing a significant controlling interest[10] - The company did not engage in any repurchase transactions among its top shareholders during the reporting period[11] Tax and Expenses - The company incurred tax expenses of CNY 30,904,783.38, an increase of 72.09% year-on-year, due to higher land value-added tax resulting from increased project appreciation rates[14] - The company reported a tax expense of CNY 30,904,783.38 for Q1 2019, which is an increase of 72.1% from CNY 17,958,805.45 in the previous year[36] - The company recorded a significant increase in sales expenses, which amounted to CNY 3,702,598.12, up 65.46% year-on-year, mainly due to increased sales agency and service fees[14] Investment and Financial Adjustments - The company reported investment income of CNY 473,204.19, a substantial increase of 268.43% year-on-year, due to changes in the earnings of joint ventures[14] - The company has implemented new financial instrument standards, affecting the classification of financial assets[53] - The company’s financial adjustments included a shift from "available-for-sale financial assets" to "other non-current financial assets" under new accounting standards[53] - The impairment provision for financial assets has shifted from the "incurred loss model" to the "expected loss model" as per the new financial instruments standards[57] - The company is not required to restate prior comparative figures due to the transition provisions of the new financial instruments accounting standards[57] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[34]