JINKE PROPERTY(000656)2023-04-28 16:00Financial Performance - The company reported a total revenue of approximately CNY 9.95 billion, a decrease of 21.47% compared to the same period last year[30]. - The net profit attributable to shareholders was a loss of CNY 295.39 million, showing a slight increase in loss of 0.63% year-on-year[30]. - The company achieved a net profit loss of CNY 910 million after excluding non-recurring gains and losses, which is an improvement of 85.64% year-on-year[30]. - The net profit for the period was reported at approximately -¥118.86 million, compared to -¥260.49 million in the previous period, indicating an improvement of about 54.4%[55]. - The operating profit was approximately ¥168.73 million, a significant recovery from an operating loss of -¥314.43 million in the previous period[55]. - The company reported a decrease in comprehensive income attributable to shareholders of the parent company, with a net amount of -¥295.39 million compared to -¥293.55 million in the previous period, showing a slight deterioration[55]. Assets and Liabilities - The total assets of the company as of March 31, 2023, amounted to CNY 293,063,704,413.59, a decrease from CNY 299,535,783,787.79 at the end of the previous period[10]. - The total current liabilities decreased to CNY 221,891,709,424.80 from CNY 235,230,954,963.24 in the previous period[10]. - The company reported a decrease in other current assets to CNY 7,781,866,092.94 from CNY 8,304,329,266.11 in the previous period[10]. - The total liabilities amounted to approximately ¥254.94 billion, a decrease from ¥260.65 billion in the previous period, reflecting a reduction of about 2.7%[54]. - The total equity attributable to shareholders of the parent company decreased to approximately ¥12.15 billion from ¥12.45 billion, a decline of about 2.4%[54]. Cash Flow - The cash inflow from operating activities for the first quarter was CNY 8,543,878,126.21, significantly down from CNY 18,811,408,412.72 in the same period last year[13]. - The cash outflow from operating activities was CNY 8,489,670,991.82, down from CNY 16,327,831,645.79 in the same period last year[13]. - The net cash flow from operating activities was CNY 54.21 million, a significant decline of 97.82% compared to the previous year[30]. - The net cash flow from investing activities is approximately $195.22 million, down from $602.17 million in the previous period[42]. - The net cash flow from financing activities shows a significant outflow of approximately -$570.21 million, compared to -$9.91 billion in the previous period[42]. Shareholder Information - The company has a total of 166,727 common shareholders at the end of the reporting period[20]. - The largest shareholder, Huang Hongyun, holds 8.78% of the shares, totaling 468,779,979 shares[20]. Government Support and Strategic Initiatives - The company received government subsidies amounting to CNY 19,693,996.73 during the reporting period[3]. - The company continues to adapt to supportive government policies aimed at stabilizing the real estate market, which may impact future performance positively[35]. - The company plans to explore the potential of its idle assets, aiming to release sellable resources, with sales amounting to approximately CNY 11.17 billion[22]. Cost Management - The company's sales expenses decreased by 51.39% year-on-year, amounting to CNY 315,698,726.11 compared to CNY 649,517,989.88 in the previous year[19]. - Management expenses decreased by 52.38% to approximately $265.51 million from $557.62 million in the previous period[49]. - Total operating costs decreased to approximately $9.67 billion, a reduction of 26.7% from $13.12 billion in the previous period[40].