CFGC(SZ:200055)2020-04-17 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥413,826,888.79, a decrease of 38.28% compared to ¥670,452,093.70 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2020 was ¥94,777,419.75, an increase of 35.40% from ¥69,998,533.09 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥95,563,557.35, up 47.18% from ¥64,930,951.19 in the previous year[8]. - The basic earnings per share for Q1 2020 was ¥0.08, representing a 33.33% increase from ¥0.06 in the same period last year[8]. - The weighted average return on equity for Q1 2020 was 1.81%, an increase of 0.44% compared to 1.37% in the previous year[8]. - Revenue for the period was RMB 413,826,888.79, a decrease of 38.28% compared to the same period last year, attributed to reduced real estate sales and pandemic impacts[17]. - Net profit attributable to the parent company increased by 35.40% to RMB 94,777,419.75, mainly due to changes in expected credit loss estimates[17]. - The net profit for the first quarter of 2020 was -6,908,049.82, compared to -5,448,315.49 in the same period last year, indicating a decline of approximately 26.7%[48]. - Operating profit for the first quarter was -9,186,397.09, which is a decrease from -7,240,028.94 year-over-year[48]. Assets and Liabilities - The total assets at the end of the reporting period were ¥11,349,613,130.91, a slight decrease of 0.18% from ¥11,369,964,580.11 at the end of the previous year[8]. - The net assets attributable to shareholders at the end of the reporting period were ¥5,264,523,419.03, an increase of 1.58% from ¥5,182,795,079.67 at the end of the previous year[8]. - The company's total assets increased to CNY 3,858,690,768.56 from CNY 3,591,226,672.71, reflecting a growth of about 7.4%[39]. - Total liabilities rose to CNY 1,344,757,715.35, up from CNY 1,070,385,569.68, indicating an increase of approximately 25.5%[39]. - The total liabilities decreased to CNY 6,036,688,366.38 from CNY 6,138,759,490.84, a reduction of approximately 1.7%[35]. - The total equity attributable to shareholders was 5,182,795,079.67 CNY, reflecting a solid capital structure[60]. Cash Flow - The net cash flow from operating activities for Q1 2020 was -¥339,105,046.99, a decline of 14.47% compared to -¥296,237,735.96 in the same period last year[8]. - The net cash flow from investment activities improved by 138.38% to RMB 97,240,746.73, primarily due to higher returns from financial investments[18]. - The cash inflow from financing activities was 200,000,000.00 CNY, down 50% from 400,039,406.61 CNY in the previous year[55]. - The total cash inflow from investment activities was 1,353,289,411.18, up from 989,196,689.66 in the same period last year, reflecting an increase of approximately 36.8%[51]. - The total cash and cash equivalents at the end of the period increased to 780,283,845.25 from 698,309,577.19, marking an increase of about 11.7%[52]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,114[13]. - The company repurchased 2,705,700 B shares, accounting for 0.24% of total shares, at a total cost of HKD 7,144,091.82[19]. Research and Development - Research and development expenses rose by 260.94% to RMB 14,980,824.81 due to increased investment in R&D[17]. - Research and development expenses for Q1 2020 were CNY 14,980,824.81, significantly higher than CNY 4,150,525.60 in the previous period, marking an increase of about 260%[42]. Compliance and Standards - The company implemented new revenue and leasing standards starting in 2020, impacting financial reporting[56]. - The company has implemented new revenue recognition and leasing standards starting January 1, 2020, affecting the presentation of contract assets and liabilities[64]. - The first quarter report for 2020 was not audited, indicating preliminary financial data[65].