SPG(SZ:200029)2021-04-28 16:00Financial Performance - The company's operating revenue for Q1 2021 was CNY 415,282,352.53, representing a year-on-year increase of 61.69%[9] - Net profit attributable to shareholders was CNY 88,040,167.60, a significant increase of 213.14% compared to the same period last year[9] - The net cash flow from operating activities improved to CNY 303,456,191.73, marking a 169.72% increase year-on-year[9] - Basic earnings per share rose to CNY 0.0870, reflecting a 212.95% increase from the previous year[9] - The company reported a significant increase in profit before tax, which grew by 192.21% year-on-year, attributed to higher real estate turnover[16] - The total comprehensive income for the period was CNY 91,631,882.40, up from CNY 29,034,566.21, reflecting a growth of approximately 215%[40] - The operating profit for Q1 2021 was CNY 129,207,906.77, compared to CNY 37,381,904.36 in the previous year, representing an increase of about 245%[42] - The net profit for Q1 2021 reached CNY 87,960,756.81, compared to CNY 28,148,663.17 in Q1 2020, representing a growth of 212%[39] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 5,155,621,819.61, up 4.43% from the end of the previous year[9] - The total net assets attributable to shareholders increased to CNY 3,887,861,147.30, a rise of 2.38% from the previous year[9] - Total liabilities as of March 31, 2021, were CNY 1,100,661,660.28, compared to CNY 935,000,927.44 at the end of 2020, indicating a rise of 17.7%[36] - The company's total equity as of March 31, 2021, was CNY 3,631,718,278.98, up from CNY 3,533,883,975.66 at the end of 2020, reflecting an increase of 2.8%[36] - The company's inventory decreased to CNY 1,140,718,564.95 from CNY 1,220,464,112.56 at the end of 2020[30] Cash Flow - Cash and cash equivalents as of March 31, 2021, are CNY 2,990,693,266.36, up from CNY 2,687,465,070.01 at the end of 2020[30] - The net cash flow from operating activities was CNY 303,456,191.73, a turnaround from a negative cash flow of CNY -435,258,963.67 in the previous year[46] - The company reported a net increase in cash and cash equivalents of CNY 303,228,196.35 during the period, contrasting with a decrease of CNY -435,159,128.89 in the same period last year[47] - Total cash inflow from operating activities reached ¥410,090,864.25, while cash outflow was ¥75,157,031.86, resulting in a net cash inflow[48] Shareholder Information - The company transferred 64,288,426 shares (6.35% of total shares) to a state-owned equity management company to support social security funds, with no change in controlling shareholder[17] - There are no overdue commitments from major shareholders or related parties during the reporting period[24] Taxation - The company reported a tax expense of CNY 31,589,874.59 for Q1 2021, compared to CNY 12,764,075.66 in Q1 2020, which is an increase of 147%[39] - The company incurred a tax expense of CNY 32,380,484.38, which is significantly higher than CNY 9,261,731.70 from the previous year, reflecting the increase in profitability[42] Future Projections - The net profit attributable to shareholders for the period is projected to be CNY 12,000,000, representing a year-on-year increase of 23.36% compared to CNY 9,727,500 from the previous year[21] - The basic earnings per share is expected to be CNY 0.1186, which is a 23.28% increase from CNY 0.0962 in the same period last year[21] Other Information - The company has no securities or derivative investments during the reporting period[19][20] - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[52]