2024-04-26-深交所-深深房Ｂ_2024年第一季度报告（英文）_9页_448kb

Summary of ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. First Quarterly 2024 Report

Company and Report Context:

• Company: ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. (Stock Code: 000029/200029), commonly known as SPG or SPG-B.
• Report: First Quarterly Report for 2024 (Announcement No.: 2024-015), dated March 31, 2024, and released on April 27, 2024. This report includes financial data, shareholder information, and other key details.
• The Board of Directors, Supervisory Committee, and senior management guarantee the accuracy and completeness of the report, and the financial statements have not been audited by an independent auditor.

Financial Performance Highlights (from Key Financial Information):

• Revenue: Operating revenue for Q1 2024 was RMB 59,214,773.99, down 45.75% year-over-year, primarily due to a decrease in the carryforward of real estate sales in Q1 2024.
• Profitability: Net profit attributable to shareholders increased significantly by 105.32% YoY to RMB 1,896,582.37, despite a net loss in Q1 2023. This improvement is largely attributed to a one-time payment of land tax increment clearance in Q1 2023. Net profit before exceptional gains and losses also rose by 89.49% YoY.
• Cash Flow: Net cash used in operating activities improved by 50.73% YoY (to -RMB 90,276,362.78), influenced by tax payments, including the land tax increment clearance from the previous year.
• Other Indicators: Basic and diluted earnings per share increased by 105.40% YoY, though the weighted average return on equity showed a small positive change.

Exceptional Gains and Financial Notes:

• The company recognized exceptional gains totaling approximately RMB 5.87 million in Q1 2024, including government grants and fair-value changes in financial assets. No reclassification to recurrent items was noted.
• Financial statements show a slight decrease in total assets (-0.20%) and a minimal increase in equity attributable to shareholders (0.09% YoY), reflecting the overall financial position as of March 31, 2024.

Shareholder Information:

• Number of ordinary shareholders: 42,215.
• Top shareholders: Shenzhen Investment Holdings Co., Ltd. (State-owned corporation, holding 55.78% of shares); and other significant shareholders like Shenzhen State-Owned Equity Operation and Management Co., Ltd. (6.35%), Yang Jianmin (1.17%), and others. Full details are provided, but the company notes potential related-party relationships are unknown.
• Shareholdings are listed with and without restricted or credit security accounts, indicating active trading by some shareholders.

Other Significant Events:

• No major events or changes applicable for reporting and disclosure purposes in Q1 2024.

Quarterly Financial Statements Overview:

• Balance Sheet: Total assets were RMB 6.47 billion as of March 31, 2024, with a slight decline YoY. Key assets include held-for-trading financial assets and investment property.
• Income Statement: Operating profit was positive but small, while net profit saw a significant turnaround due to non-recurring items. Comprehensive income details confirm the financial performance.
• Cash Flow Statement: Net cash used in operating activities was -RMB 90.27 million, with cash flows from investing and financing activities also detailed, influenced by borrowings and tax payments.

This summary captures the main points from the first-quarter report, highlighting key financial trends and shareholder composition.