SUNSTONE(603612)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,221,985,025.88, representing a year-on-year increase of 32.54%[6] - The net profit attributable to shareholders was a loss of CNY 273,071,708.90, a decrease of 272.68% compared to the same period last year[6] - The basic and diluted earnings per share were both CNY -0.59, reflecting a decrease of 273.53% year-on-year[6] - Total revenue for Q1 2023 reached ¥4,221,985,025.88, a 32.5% increase from ¥3,185,343,593.90 in Q1 2022[19] - Net profit for Q1 2023 was a loss of ¥42,627,607.76, compared to a profit of ¥45,007,577.34 in Q1 2022, marking a significant decline[21] - Total operating costs increased to ¥4,337,195,699.93, up 45.5% from ¥2,979,856,794.80 in the same period last year[19] - The company reported a total comprehensive loss of ¥335,233,838.39 for Q1 2023, compared to a comprehensive income of ¥168,203,178.10 in Q1 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -243,434,521.12, indicating a significant cash outflow[6] - Cash flow from operating activities showed a net outflow of ¥243,434,521.12, an improvement from a net outflow of ¥678,109,297.48 in Q1 2022[23] - The company's cash and cash equivalents decreased to RMB 2,859,219,276.98 from RMB 2,987,752,084.08, representing a decline of about 4.3%[15] - Cash and cash equivalents at the end of Q1 2023 totaled ¥1,801,111,934.99, up from ¥777,351,068.02 at the end of Q1 2022[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 19,052,341,757.74, an increase of 9.79% from the end of the previous year[7] - The company's total equity reached RMB 7,876,527,987.78, up from RMB 7,310,941,461.94, indicating an increase of approximately 7.7%[17] - The total liabilities increased to RMB 11,175,813,769.96 from RMB 10,043,126,843.61, reflecting a growth of about 11.3%[17] - Long-term borrowings increased significantly to RMB 2,440,071,909.15 from RMB 1,723,006,045.52, reflecting a growth of about 41.6%[17] - The company's total non-current assets rose to RMB 7,521,122,941.63 from RMB 5,742,652,141.27, indicating an increase of approximately 31%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period was 39,330[11] - The company raised ¥81,900,000.00 from minority shareholders during the quarter, indicating ongoing investment interest[23] Management and Compliance - The financial report was released on April 26, 2023, indicating the company's commitment to transparency[24] - The management team includes key personnel such as Hao Junwen, the head of the company, and accounting leaders Lang Jing and Zhang Xia[24] - The board of directors of the company is actively involved in overseeing financial disclosures[24] - The report indicates a structured approach to financial management and compliance with regulatory requirements[24] - The company is committed to maintaining high standards in its accounting practices[24] - The financial report is part of the company's ongoing efforts to communicate effectively with stakeholders[24] Accounting Standards - The company announced the implementation of new accounting standards starting in 2023, which may affect the financial statements[24] - The report does not apply to the first-time execution of new accounting standards or interpretations affecting the financial statements[24] - The announcement reflects the company's strategic focus on adapting to new financial reporting standards[24]