深物业B(200011) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥861,546,080.08, representing a 64.20% increase compared to ¥385,944,107.52 in the same period last year[7] - Net profit attributable to shareholders was ¥152,014,318.10, up 59.54% from ¥78,431,920.59 year-on-year[7] - Basic earnings per share increased to ¥0.2551, reflecting a 59.54% rise from ¥0.1316 in the same period last year[7] - Operating revenue for the reporting period was ¥861,546,080.08, a year-on-year increase of 64.20, mainly due to an increase in the project settlement area and unit price in the real estate business[15] - Total operating revenue for Q1 2020 was CNY 861,546,080.08, an increase of 64.1% compared to CNY 524,703,768.39 in the same period last year[38] - Net profit for Q1 2020 reached CNY 128,432,725.80, representing a 42.0% increase from CNY 90,501,759.19 in Q1 2019[40] - Earnings per share for Q1 2020 was CNY 0.2551, compared to CNY 0.1599 in the same period last year, reflecting a growth of 59.5%[41] Cash Flow and Financial Position - The net cash flow from operating activities was -¥609,307,576.52, a significant decline of 1,873.49% compared to -¥64,518,467.02 in the previous year[7] - The net cash flow from operating activities from the beginning of the year to the end of the reporting period was -¥609,307,576.52, a net outflow increase of 1873.49% year-on-year, primarily due to increased construction project expenditures and tax payments[15] - The net cash flow from financing activities for the reporting period was ¥772,655,600.48, compared to -¥60,321,156.25 in the same period last year, mainly due to new loans of ¥807 million obtained during the reporting period[15] - The cash flow from operating activities for Q1 2020 was -609,307,576.52 CNY, significantly worse than -30,874,623.89 CNY in Q1 2019[48] - The company incurred a total of 1,196,100,719.31 CNY in cash outflows from operating activities in Q1 2020, compared to 718,008,989.77 CNY in the previous year[48] - The cash and cash equivalents at the end of Q1 2020 amounted to 3,446,391,598.15 CNY, a decrease from 3,785,985,174.42 CNY at the end of Q1 2019[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,287,993,362.09, a 4.79% increase from ¥10,772,491,740.53 at the end of the previous year[7] - The net assets attributable to shareholders reached ¥3,298,549,330.03, up 4.78% from ¥3,147,949,009.38 at the end of the previous year[7] - Other non-current assets at the end of the period amounted to ¥6,974,331.66, an increase of 48.01% compared to the beginning of the year, primarily due to increased prepayments for long-term asset construction[15] - Total liabilities as of March 31, 2020, were CNY 7,893,917,332.55, compared to CNY 7,505,924,439.34 at the end of 2019, reflecting an increase of about 5.17%[32] - The company's short-term borrowings increased significantly to CNY 3,000,833,000.00 from CNY 2,193,833,000.00, representing a rise of approximately 36.83%[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,645[11] - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 57.96% of the shares, totaling 345,412,223 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Government Support and Social Responsibility - The company received government subsidies amounting to ¥298,303.57 related to COVID-19 support[8] - The company implemented rent reduction measures to support tenants during the pandemic, demonstrating its commitment to social responsibility[16] Tax and Expenses - Tax and additional expenses for the reporting period were ¥266,678,061.72, an increase of 362.54% year-on-year, primarily due to increased real estate business revenue and higher project appreciation rates leading to increased land appreciation tax and other fees[15] - Financial expenses for the reporting period were ¥21,628,629.97, compared to -¥2,785,169.31 in the same period last year, mainly due to increased interest expenses[15] - Tax expenses for Q1 2020 were CNY 71,031,397.02, up from CNY 36,367,428.73 in Q1 2019, indicating an increase of 95.1%[40] Strategic Initiatives - The company plans to acquire 100% equity of Shenzhen Investment Property Management Co., Ltd. to enhance its core business and optimize its industrial structure[16] Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[25] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[26] - The company engaged in various communication activities, including inquiries about project progress and financial performance, indicating active investor relations[24] Changes in Accounting Standards - The company has adopted new revenue and leasing standards starting from Q1 2020, but it will not retrospectively adjust prior period data, thus not affecting 2019 financial indicators[53] Audit Status - The first quarter report was not audited[54]