YT(600692)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥262,643,834.02, representing a year-on-year increase of 38.32%[6] - The net profit attributable to shareholders decreased by 24.35% to ¥2,899,511.38 compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses fell by 61.76% to ¥1,727,429.72[6] - The basic earnings per share for the period was ¥0.0082, a decrease of 24.38% year-on-year[7] - The company reported a net profit of CNY 423,123,387.68 for the first quarter of 2022, compared to CNY 420,223,876.30 in the previous period[20] - Net profit for Q1 2022 was ¥2,868,337.55, a decrease of 30.9% compared to ¥4,155,042.16 in Q1 2021[23] - Total profit for Q1 2022 was ¥6,817,585.64, an increase of 14.0% from ¥5,981,938.01 in Q1 2021[23] - Operating profit for Q1 2022 was ¥6,839,582.59, slightly down from ¥7,722,486.69 in Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,460,671,402.41, down 6.49% from the end of the previous year[7] - As of March 31, 2022, total assets amounted to CNY 2,460,671,402.41, a decrease from CNY 2,631,368,459.59 at the end of 2021[20] - Total liabilities decreased to CNY 1,477,553,245.22 from CNY 1,651,118,639.96[20] - Current assets totaled CNY 1,826,564,674.65, down from CNY 1,996,912,057.48[18] - Total current liabilities decreased to CNY 1,151,139,394.72 from CNY 1,317,115,162.89[20] - Long-term borrowings were CNY 272,100,450.32, a slight decrease from CNY 279,315,329.29[20] - The total liabilities as of March 31, 2022, were ¥340,699,303.93, slightly down from ¥342,932,363.33, a decrease of approximately 0.7%[30] Cash Flow - Cash flow from operating activities was ¥30,843,605.46, indicating an increase in cash inflow[6] - Cash flow from operating activities for Q1 2022 was ¥30,843,605.46, a significant improvement from a negative cash flow of ¥36,729,201.85 in Q1 2021[26] - In Q1 2022, the net cash flow from operating activities was -16,451,864.46 RMB, compared to -13,786,430.42 RMB in Q1 2021, indicating a decline in operational cash flow[33] - Total cash inflow from operating activities was 53,075,662.81 RMB, up from 37,227,503.73 RMB in the same period last year, reflecting a growth of approximately 42.5%[33] - Cash outflow from operating activities increased to 69,527,527.27 RMB from 51,013,934.15 RMB, representing a rise of about 36.4%[33] - Cash outflow from financing activities in Q1 2022 was ¥76,884,155.55, compared to ¥66,044,141.35 in Q1 2021, indicating a 16.5% increase[26] Inventory and Receivables - The company reported a significant decrease in accounts receivable by 43.12%, attributed to the recovery of payments by subsidiaries[11] - Prepaid accounts increased by 119.49%, mainly due to increased advance payments by subsidiaries[11] - The company experienced a 48.22% rise in operating costs, primarily due to lower gross margins from new housing projects[12] - Accounts receivable decreased significantly to CNY 146,298,215.69 from CNY 257,219,790.18[18] - Inventory stood at CNY 1,121,237,701.29, down from CNY 1,160,994,914.88[18] Equity and Investments - Total equity increased slightly to CNY 983,118,157.19 from CNY 980,249,819.63[20] - The long-term equity investments rose to ¥315,366,608.49 from ¥313,366,608.49, a marginal increase of approximately 0.6%[28] - The total owner's equity decreased to ¥721,203,837.78 from ¥726,646,431.61, a decline of about 0.8%[30] Financial Expenses - Investment income decreased by 79.83%, linked to a reduction in entrusted loans and corresponding interest income[12] - The financial expenses for Q1 2022 were ¥1,303,804.98, down from ¥1,650,600.33 in Q1 2021, representing a decrease of about 21.0%[30] Accounting Standards - The company has not adopted the new accounting standards for the current year, as indicated in the report[34]