信达地产(600657) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥788,121,965.84, representing a decrease of 38.82% compared to the same period last year [4]. - The net profit attributable to shareholders was -¥195,363,033.89, a significant decline of 970.11% year-over-year [4]. - The basic earnings per share (EPS) was -¥0.07, reflecting an 800.00% decrease compared to the previous year [4]. - The company reported a revenue of 788 million RMB for the first quarter of 2024, a decrease of 38.82% compared to 1.288 billion RMB in the same period last year [34]. - Net profit for Q1 2024 was a loss of ¥225.32 million, compared to a profit of ¥31.51 million in Q1 2023, representing a significant decline [73]. - The company's gross profit margin for Q1 2024 was significantly impacted, leading to an operating loss of ¥200.43 million compared to an operating profit of ¥75.01 million in Q1 2023 [73]. Assets and Liabilities - The total assets at the end of the reporting period were ¥79,651,698,426.11, down 3.63% from the end of the previous year [9]. - The total assets as of March 31, 2024, amounted to 79.65 billion RMB, down from 82.66 billion RMB at the beginning of the year, a decrease of 30.03 billion RMB [39]. - The total liabilities decreased to 54.61 billion RMB from 57.38 billion RMB, a reduction of 2.78 billion RMB [39]. - The asset-liability ratio improved to 68.56%, down 0.87 percentage points from 69.43% at the beginning of the year [39]. - The company’s total equity decreased to ¥14.87 billion in Q1 2024 from ¥15.01 billion in Q1 2023 [78]. - The total owner's equity decreased from 25,271,632,894.98 to 25,046,317,591.95, reflecting a decline in shareholder value [70]. Cash Flow - The net cash flow from operating activities was -¥1,507,180,301.13, indicating a significant cash outflow [4]. - Cash flow from operating activities for Q1 2024 was negative at ¥1.51 billion, worsening from a negative ¥711.76 million in Q1 2023 [74]. - The net cash flow from financing activities was -1,234,062,027.12 RMB, contrasting with a positive flow of 375,946,804.39 RMB in the previous year [80]. - The total cash and cash equivalents decreased by 1,718,000,412.60 RMB in Q1 2024, compared to a decrease of 434,751,465.34 RMB in Q1 2023 [80]. - The company received 2,418,295,020.98 RMB in cash payments related to operating activities, a significant increase from 836,179,308.55 RMB in Q1 2023 [80]. Project Development - The company has a total of 630.10 million square meters of construction area under development, with 186.01 million square meters attributable to cooperative projects [21]. - The company has no new projects started within the consolidated scope during the reporting period [22]. - The company plans to continue its market expansion and product development strategies despite the current financial challenges [18]. - The company has a total of 2.236 million square meters of planned construction area in reserve as of March 31, 2024 [39]. - The company has initiated new projects, including a commercial project in Hefei with a total investment of 81.294 million yuan [44]. Sales and Rental Income - Total available area for sale across various projects is 1,000,000 square meters, with 100,000 square meters sold, indicating a sales rate of 10% [24]. - The total rental income reported for the first quarter of 2024 is approximately 536.49 million yuan, with a total area rented of 410,765.22 square meters [27]. - The "Beijing Dongfang Lanhai" project has a rental area of 41,343.56 square meters, generating a rental income of 19,982.46 yuan, achieving a rental yield of 41.25% [27]. - The "Hefei Tianyu" project has a total rental area of 22,860.41 square meters, with a rental income of 8,958.89 yuan, indicating a rental yield of 39.2% [27]. - The company achieved a total sales amount of 1.506 billion yuan during the reporting period, with cooperative project sales amounting to 622 million yuan and entrusted project sales amounting to 322 million yuan [47].