001979SZSE

Q1 2026 Report

✨ AI Summary

This report presents the unaudited financial results for Q1 2026 of China Merchants Shekou Industrial Zone Holdings Co., Ltd. The company reported a revenue increase of 15.74% year-on-year, totaling approximately CNY 23.67 billion. However, net profit attributable to shareholders decreased by 91.22% to CNY 39.12 million, primarily due to uneven project revenue recognition and a decline in gross profit margins. The report highlights significant cash flow improvements, with a 57.12% reduction in cash outflows from operating activities compared to the previous year.

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Full Translation

AI Translation· azure_openai

Important Content Reminder

  1. The Board of Directors and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, with no false records, misleading statements, or significant omissions, and bear individual and joint legal responsibilities.
  2. The responsible person, Zhu Wenkai, the head of accounting, Yu Zhiliang, and the head of the accounting institution, Yuan Fei, declare that they ensure the financial information in the quarterly report is true, accurate, and complete.
  3. The financial accounting report for the first quarter has not been audited.

Main Financial Data

(1) Key Accounting Data and Financial Indicators

Note 1: Basic earnings per share, diluted earnings per share, and weighted average return on net assets consider the impact of other equity instruments, perpetual bonds, and treasury shares.

ItemAs of the last trading day before disclosureFull Diluted Earnings per Share (CNY/share)Preferred Share Dividends Paid (CNY)Perpetual Bond Interest Paid (CNY)
Total Share Capital (shares)9,016,032,1710.004Not applicableNot applicable
ItemCurrent PeriodSame Period Last YearChange (%)
Operating Revenue (CNY)23,666,898,475.6020,447,728,414.1715.74%
Net Profit Attributable to Shareholders (CNY)39,118,628.36445,439,544.24-91.22%
Net Profit Attributable to Shareholders (excluding non-recurring gains and losses) (CNY)-374,921,698.66386,176,196.07-197.09%
Net Cash Flow from Operating Activities (CNY)-3,770,704,388.68-8,793,468,085.8357.12%
Basic Earnings per Share (CNY/share)0.0040.04-90.00%
Diluted Earnings per Share (CNY/share)0.0040.04-90.00%
Weighted Average Return on Net Assets0.04%0.34%Decrease of 0.30 percentage points
ItemEnd of Current PeriodEnd of Last YearChange (%)
Total Assets (CNY)833,472,158,288.26835,411,599,109.07-0.23%
Total Equity Attributable to Shareholders (CNY)97,572,732,471.2297,652,364,027.90-0.08%

(2) Non-recurring Gains and Losses

ItemAmount for Current Period (CNY)
Gains and losses from disposal of non-current assets454,553,296.22
Government subsidies recognized in current profit and loss9,377,888.66
Fair value changes and disposal gains/losses of financial assets and liabilities held by non-financial enterprises (excluding effective hedging related to normal business)-1,321,380.00
Gains and losses from debt restructuring-300,736.09
Other non-operating income and expenses excluding the above21,922,502.51
Other items meeting the definition of non-recurring gains and losses-31,610,992.27
Less: Income tax impact6,480,691.07
Minority interest impact (after tax)32,099,560.94
Total414,040,327.02

(3) Changes and Reasons for Major Accounting Data and Financial Indicators

ItemChange RatioMain Reasons
Net Profit Attributable to Shareholders (CNY)-91.22%Uneven seasonal distribution of project revenue recognition, decline in gross profit margin of real estate projects, and decrease in investment income.
Net Profit Attributable to Shareholders (excluding non-recurring gains and losses) (CNY)-197.09%
Basic Earnings per Share (CNY/share)-90.00%
Diluted Earnings per Share (CNY/share)-90.00%
Net Cash Flow from Operating Activities (CNY)57.12%Mainly due to a decrease in land and project payments during the reporting period.

(4) Shareholder Information

(1) Total Number of Ordinary Shareholders and Number of Preferred Shareholders with Restored Voting Rights

ItemValue
Total number of ordinary shareholders at the end of the reporting period93,670
Total number of preferred shareholders with restored voting rights at the end of the reporting period (if any)Not applicable

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