Financial Performance - The company's operating revenue for the three months ended March 31, 2024, was RMB 2,111,539,269.77, a decrease of 19.3% compared to RMB 2,616,557,956.86 for the same period in 2023[2] - The net loss attributable to the owners of the parent company for the same period was RMB 371,506,929.54, compared to a profit of RMB 167,224,249.41 in 2023, representing a significant decline[3] - The company's basic earnings per share for the period was RMB (0.09), compared to RMB 0.04 in the same period last year[3] - The company attributed the decline in operating revenue to fluctuations in the overall economic environment and a temporary decrease in mall occupancy rates[4] - The company has increased promotional discounts to support merchants, which has impacted overall revenue[4] Cash Flow - The company's net cash flow from operating activities was RMB (181,674,312.38), a decrease from RMB 1,076,288,459.82 in the previous year[6] - The net cash flow from investing activities was RMB (470,841,213.48), compared to RMB 232,657,059.22 in the same period last year[6] - The company experienced a net increase in cash and cash equivalents of RMB 797,803,607.87, compared to a decrease of RMB (193,146,461.85) in the previous year[6] - The cash and cash equivalents increased to RMB 3,778,307,768.78 from RMB 2,974,052,910.82, marking a significant rise of approximately 27%[7] Assets and Liabilities - As of March 31, 2024, the total current assets amounted to RMB 11,482,932,392.79, an increase from RMB 10,427,891,309.98 as of December 31, 2023, representing a growth of approximately 10.1%[7] - The total non-current assets decreased to RMB 110,120,998,369.68 from RMB 110,632,747,089.37, indicating a decline of about 0.5%[8] - Total assets reached RMB 121,603,930,762.47, up from RMB 121,060,638,399.35, reflecting an increase of approximately 0.5%[11] - Current liabilities totaled RMB 28,174,098,020.98, slightly down from RMB 28,591,542,625.08, showing a decrease of about 1.5%[9] - The total borrowings as of the reporting date were RMB 33,137,940,799.90[11] - The company's total liabilities amounted to RMB 69,205,296,865.70, compared to RMB 68,238,972,398.90 previously, indicating an increase of about 1.4%[10] Inventory and Receivables - The accounts receivable rose to RMB 1,359,255,315.70 from RMB 1,203,320,049.65, an increase of about 12.9%[7] - The inventory slightly increased to RMB 160,754,139.23 from RMB 159,513,922.13, reflecting a growth of approximately 0.8%[7] Equity - The total equity attributable to shareholders decreased to RMB 49,187,744,445.34 from RMB 49,615,294,277.92, a decline of approximately 0.9%[11] Financial Expenses - The company reported a significant increase in financial expenses due to the suspension of interest capitalization on certain projects[5] Fair Value Loss - The fair value loss on investment properties was RMB 324,385,651.35, an increase in loss of RMB 314,000,000 compared to the previous year[5]
红星美凯龙(01528) - 2024 Q1 - 季度业绩