OCT(SZ:000069)2024-04-29 10:47Financial Performance - The company's revenue for Q1 2024 was ¥8,705,872,784.51, representing a 25.87% increase compared to ¥6,916,525,640.79 in the same period last year[3]. - The net profit attributable to shareholders was -¥351,984,757.23, a decrease of 16.29% from -¥302,667,804.61 year-on-year[3]. - The net cash flow from operating activities improved by 33.79%, amounting to -¥5,285,492,006.51 compared to -¥7,982,344,610.36 in the previous year[3]. - The company experienced a 40.74% decline in net profit after deducting non-recurring gains and losses, totaling -¥475,513,484.45 compared to -¥337,860,350.02 last year[3]. - The weighted average return on equity decreased to -0.57%, down 0.13 percentage points from -0.44%[3]. - The company reported a significant increase in financial expenses, totaling CNY 999.05 million, compared to CNY 556.75 million in the previous year[24]. - The net profit for Q1 2024 was a loss of CNY 554.71 million, compared to a loss of CNY 94.10 million in the same period last year[24]. - The total comprehensive income attributable to the parent company was -364,566,851.02 CNY, compared to -177,948,151.72 CNY in the previous period[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥364,033,155,669.76, down 1.89% from ¥371,029,272,061.97 at the end of the previous year[3]. - Total assets as of the end of Q1 2024 were CNY 364.03 billion, down from CNY 371.03 billion at the beginning of the period[23]. - Total liabilities decreased to CNY 278.46 billion from CNY 284.99 billion, a reduction of 2.0%[23]. - The company’s inventory stood at CNY 175.18 billion, a decrease from CNY 178.32 billion at the beginning of the period[23]. - The company’s long-term equity investments decreased slightly to CNY 18.19 billion from CNY 18.36 billion[23]. - The company’s total non-current assets increased to CNY 94.01 billion from CNY 93.72 billion[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 110,528, with the largest shareholder, Overseas Chinese Town Group Co., Ltd., holding 47.97% of the shares[6]. - The company holds 2,717,533,090 shares of common stock, representing a significant portion of the total shares outstanding[7]. - The top ten shareholders include state-owned entities, with Huacheng Group being a major shareholder[7]. - The company has a total of 53,496,529 shares held by China Industrial Bank, representing 0.67% of the total share capital[8]. - The report indicates a 0.57% shareholding by China Bank in the real estate index fund, totaling 45,580,208 shares[9]. - The company’s stock structure shows a significant concentration among the top shareholders, with potential implications for governance and decision-making[7]. Land and Project Development - The company reported no new land reserve projects during the reporting period[11]. - The total land reserve includes projects such as Chengdu Xinheng Yulongshan with a total area of 24.84 hectares and a buildable area of 124.17 million square meters[12]. - The Xi'an Fengdong Overseas Chinese Town project has a total area of 36.43 hectares and a remaining developable area of 46.93 million square meters[12]. - The remaining developable area for the Zhaoqing Overseas Chinese Town Cultural Tourism Technology Town project is 55.46 million square meters[12]. - Total land area for major projects is 1,373.47 hectares with a total planned construction area of 2,269.49 million square meters, leaving 1,082.30 million square meters available for development[13]. - The company has no changes in land reserves during the reporting period, indicating stability in land acquisition strategy[11]. Project Investment and Completion - The project in Nanchang has a cumulative completion area of 930,950.33 square meters and a total investment of 1,933,781.74 million yuan[14]. - The Shunde Happy Coast PLUS Phase II project is 45% completed with a total investment of 509,088.00 million yuan[14]. - The Wuhan Huashang Central District project is 25% completed with a planned construction area of 904,600.00 square meters[14]. - The total investment for the Shenzhen Zhaohua Exhibition project is 2,359,811.00 million yuan, with a completion rate of 95%[15]. - The cumulative investment for the Nanjing Happy Riverside project is 1,632,384.04 million yuan, with a completion rate of 66%[14]. - The cumulative completion area for the Xianghu Cultural Tourism Comprehensive Project in Nanchang is 87,957.57 square meters[15]. - The total investment for the Chengdu Xinhao Yulong Mountain project is 2,280,042.41 million yuan, with a completion rate of 75%[14]. - The total investment for the Wuhan Huashang Business District project is 1,175,487.64 million yuan, with a completion rate of 29%[14]. - The total investment for the Xiangyang Huashang Cultural Tourism Resort project is 1,863,550.22 million yuan, with a completion rate of 75%[14]. Sales Performance - Chengdu Xinhao Yulongshan project achieved a total sales area of 1,153,731.47 m² with a sales amount of 750.15 million CNY in the current period[16]. - Wuxi Jingkai Huafa project reported a total sales area of 22,676.76 m² and a sales amount of 287.31 million CNY in the current period[16]. - Shenzhen Baochen Building generated a sales amount of 280.34 million CNY from a sales area of 22,964.85 m² in the current period[16]. - The total saleable area for the Nanchang Huacheng Vanke Century project is 1,198,161.85 m², with a current sales area of 7,980.66 m² and sales amount of 226.64 million CNY[16]. - Chongqing Huacheng Real Estate project has a total saleable area of 1,893,955.93 m², with current sales area of 9,403.00 m² and sales amount of 175.93 million CNY[16]. - The total saleable area for the Wuhan 136 project is 8,300.00 m², with a current sales area of 3,455.65 m² and sales amount of 98.40 million CNY[16]. - The Nanjing Boyue Jiangnan project achieved a total sales area of 52,931.41 m² with a sales amount of 89.56 million CNY in the current period[16]. - The Jinan Pure Water project reported a total sales area of 155,402.90 m² and a sales amount of 75.26 million CNY in the current period[16]. - The total saleable area for the Nanjing Feicui Tianyu project is 616,356.98 m², with a current sales area of 4,417.40 m² and sales amount of 67.96 million CNY[16]. - Wuhan Huacheng·Happy Skyline project achieved a total sales area of 282,184.64 m² with a sales amount of 61.39 million CNY in the current period[16]. Leasing Performance - The company reported a cumulative leased area of 149,955 square meters for the Eastern Industrial Zone, achieving a leasing rate of 87%[18]. - The cumulative leased area for the residential project "Yanzhi Building" was 44,334 square meters, with a leasing rate of 70%[18]. - The "Pure Water Shore" commercial project achieved a cumulative leased area of 20,938 square meters, with a leasing rate of 99%[18]. - The "Bowling Alley" commercial project reported a 100% leasing rate with a cumulative leased area of 8,855 square meters[18]. - The "Ecological Square" commercial project had a cumulative leased area of 9,450 square meters, achieving a leasing rate of 95%[18]. - The "Shenzhen Longgang East Coast Residence" project reported a cumulative leased area of 30,910 square meters, with a leasing rate of 100%[18]. - The "Huaqiang Village" residential project achieved a cumulative leased area of 26,598 square meters, with a leasing rate of 93%[18]. - The company is focusing on enhancing its commercial portfolio with high leasing rates across various projects[17]. - The total leased area across all projects reached 1,478,591 square meters, with a cumulative leased area of 1,247,759 square meters, resulting in an overall leasing rate of 84%[21]. - The project "Ningbo Happy Coast" achieved a cumulative leased area of 63,873 square meters, with a leasing rate of 72%[20]. - "Shenzhen Happy Coast" has a cumulative leased area of 92,090 square meters, with a leasing rate of 83%[19]. - "Wuhan Oriental Lane" reported a 100% leasing rate with a cumulative leased area of 5,627 square meters[19]. - "Shunde Happy Coast" has a cumulative leased area of 157,476 square meters, achieving a leasing rate of 87%[19]. - "Hong Kong Kwun Tong Property" achieved a 100% leasing rate with a cumulative leased area of 1,707 square meters[20]. - "Huizhou Industrial Park" reported a cumulative leased area of 73,175 square meters, with a leasing rate of 98%[20]. - "Xiangyang Wonderful Town" has a cumulative leased area of 20,083 square meters, achieving a leasing rate of 54%[20]. - "Chuangxiang Center" in Chengdu has a cumulative leased area of 30,924 square meters, with a leasing rate of 81%[20]. - "Guanghua Street" in Shenzhen has a cumulative leased area of 16,498 square meters, achieving a leasing rate of 94%[21]. Future Outlook - The company plans to expand its market presence through new projects and strategic acquisitions in 2024[17].