CREC(000736)2024-04-29 13:11Financial Performance - The company's operating revenue for Q1 2024 was ¥3,458,933,950.05, representing a 28.64% increase compared to ¥2,688,856,773.39 in the same period last year[5] - The net profit attributable to shareholders was -¥218,830,017.86, a decline of 8.39% from -¥201,892,968.86 year-on-year[5] - The basic and diluted earnings per share were both -¥0.31, a decrease of 6.90% compared to -¥0.29 in the same period last year[6] - The net profit for the current period was a loss of ¥126,623,173.90, compared to a loss of ¥91,924,268.72 in the previous period[19] - Total comprehensive income for the current period was a loss of ¥126,623,173.90, compared to a loss of ¥91,924,268.72 in the prior period[19] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥1,254,318,842.36, a 219.50% increase from -¥1,049,678,847.71 in the previous year[6] - Operating cash flow generated was ¥1,254,318,842.36, a significant improvement from a negative cash flow of ¥1,049,678,847.71 in the prior period[21] - Cash and cash equivalents at the end of the period totaled ¥9,120,682,359.80, down from ¥10,029,763,455.18 at the end of the previous period[21] - The company experienced a 38.15% decrease in cash outflows from operating activities, totaling ¥4,800,505,237.13, compared to ¥7,761,057,351.87 in the previous year[10] Assets and Liabilities - Total assets at the end of the reporting period were ¥121,292,590,481.22, down 1.10% from ¥122,643,867,000.04 at the end of the previous year[6] - The company's total liabilities were RMB 103.74 billion, down from RMB 104.97 billion at the beginning of the period[17] - The company's long-term borrowings decreased to RMB 16.64 billion from RMB 18.09 billion at the beginning of the period[17] - The company's equity attributable to shareholders decreased by 13.54% to ¥1,396,776,261.49 from ¥1,615,606,279.35 at the end of the previous year[6] Sales and Market Performance - In Q1 2024, the company's total signed sales amount reached RMB 4.07 billion, a decrease of 59.57% year-on-year[13] - The total signed sales area in Q1 2024 was 195,700 square meters, down 59.77% compared to the same period last year[13] - The equity-calculated signed sales amount for Q1 2024 was RMB 3.26 billion, reflecting a decline of 52.76% year-on-year[13] Financial Expenses - The company reported a 158.69% increase in financial expenses, totaling ¥229,787,864.04, primarily due to increased interest expenses after project completion[10] - The company incurred financial expenses of ¥229,787,864.04, significantly higher than ¥88,826,978.76 in the previous period[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 50,465, with the largest shareholder, China Communications Real Estate Group, holding 52.32%[11] Investment Activities - Investment activities resulted in a net cash outflow of ¥383,620,827.44, contrasting with a net inflow of ¥218,892,809.93 in the prior period[21] Fundraising Plans - The company plans to issue up to 208,630,106 shares to specific investors, with expected total fundraising not exceeding RMB 3.5 billion[14]