招商蛇口(001979) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥15,008,808,510.42, a decrease of 20.17% compared to ¥18,800,930,984.10 in the same period last year[4]. - Net profit attributable to shareholders was ¥271,957,203.69, down 38.72% from ¥443,787,572.19 year-on-year[4]. - Basic earnings per share decreased by 71.43% to ¥0.004 from ¥0.014 in the same period last year[4]. - The net profit for Q1 2023 was CNY 424.42 million, down from CNY 1.08 billion in Q1 2022, indicating a decline of about 60.7%[19]. - The total comprehensive income for Q1 2023 was CNY 374.58 million, compared to CNY 1.07 billion in Q1 2022, reflecting a decrease of around 65.0%[19]. - The operating profit for Q1 2023 was CNY 560.79 million, a decrease from CNY 1.53 billion in Q1 2022, representing a decline of approximately 63.4%[18]. Cash Flow - The net cash flow from operating activities increased by 349.20% to ¥8,272,707,989.23, compared to a negative cash flow of ¥3,319,756,592.94 in the previous year[4][6]. - The cash flow from operating activities for Q1 2023 was CNY 46.28 billion, an increase from CNY 32.96 billion in Q1 2022, representing a growth of approximately 40.5%[19]. - The total cash inflow from operating activities was ¥51,970,785,647.44, an increase from ¥38,695,577,707.84 in the previous year[20]. - The company received tax refunds totaling ¥341,712,590.64 during the quarter[20]. - The company paid ¥7,380,894,945.29 in taxes during the quarter, down from ¥8,591,447,545.61 in Q1 2022[20]. - The company reported a total of ¥5,349,697,080.03 in cash received from other operating activities[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥913,363,170,450.95, reflecting a 3.03% increase from ¥886,471,376,241.70 at the end of the previous year[4]. - The company's total liabilities were ¥631.02 billion at the end of Q1 2023, up from ¥602.03 billion at the beginning of the year, reflecting a growth of approximately 4.8%[16]. - The company reported a total equity of ¥282.34 billion at the end of Q1 2023, slightly down from ¥284.44 billion at the beginning of the year, indicating a decrease of about 0.7%[16]. - The balance of contract liabilities as of March 31, 2023, was ¥17,369,235.99, an increase of 19.85% compared to the beginning of the period, indicating sufficient resources for revenue recognition[4]. Shareholder Information - The company reported a total of 7,739,098,182 shares outstanding as of the last trading day before disclosure[7]. - The largest shareholder, China Merchants Group, holds 59.53% of the shares, followed by China Merchants Shipping Company with 5.30%[10]. Future Plans - The company plans to complete approximately 16 million square meters of construction area in 2023, with the majority of deliveries concentrated in the second half of the year[4]. - The company plans to acquire a 24% stake in Shenzhen Nanyou (Group) Co., Ltd. and a 2.89% stake in Shenzhen China Merchants Qianhai Industrial Development Co., Ltd. through a share issuance[13]. - The company plans to issue A-shares to raise matching funds from up to 35 qualified investors, including China Merchants Investment Development Co., Ltd.[13]. Inventory and Receivables - The company's accounts receivable increased to ¥4.95 billion at the end of Q1 2023, up from ¥3.88 billion at the beginning of the year, representing a growth of approximately 27.4%[15]. - The company’s inventory stood at ¥417.01 billion at the end of Q1 2023, an increase from ¥411.55 billion at the beginning of the year, indicating a growth of about 1.3%[15]. Operating Costs - The total operating costs for Q1 2023 were CNY 14.71 billion, a decrease from CNY 17.55 billion in Q1 2022, representing a reduction of approximately 16.5%[18]. - The total sales expenses for Q1 2023 were CNY 424.39 million, down from CNY 655.11 million in Q1 2022, reflecting a decrease of about 35.1%[18]. - The financial expenses for Q1 2023 were CNY 429.78 million, a decrease from CNY 577.42 million in Q1 2022, indicating a reduction of approximately 25.7%[18]. - The tax expenses for Q1 2023 were CNY 171.14 million, down from CNY 481.58 million in Q1 2022, indicating a reduction of about 64.5%[18]. Investment Income - The investment income for Q1 2023 was CNY 265.52 million, significantly higher than CNY 69.44 million in Q1 2022, marking an increase of approximately 282.5%[18].