绿地控股(600606) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥35,597,979,193.59, a decrease of 30.97% compared to ¥51,567,755,124.46 in the same period last year[6]. - The net profit attributable to shareholders of the listed company was -¥247,164,302.88, representing a decline of 401.30% from ¥82,032,393.66 year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥155,836,215.55, down 172.08% from ¥216,213,332.86 in the previous year[6]. - The basic earnings per share decreased by 300.00% to -¥0.02 from ¥0.01 in the same period last year[6]. - The weighted average return on equity fell by 0.49 percentage points to -0.39% from 0.10% year-on-year[6]. - Total revenue for Q1 2025 was ¥35.69 billion, a decrease of 30.9% compared to ¥51.61 billion in Q1 2024[27]. - Operating profit for Q1 2025 was a loss of ¥247.43 million, compared to a profit of ¥751.39 million in Q1 2024[27]. - The net profit for Q1 2025 was -502,272,809.45 RMB, compared to a net profit of 128,100,500.23 RMB in Q1 2024, indicating a significant decline[28]. - Total comprehensive income for Q1 2025 was -663,163,875.92 RMB, compared to 171,690,575.08 RMB in Q1 2024, reflecting a substantial decrease[28]. - The company’s basic and diluted earnings per share for Q1 2025 were both -0.02 RMB, compared to 0.01 RMB in Q1 2024, indicating a negative performance[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,057,102,274,215.87, a decrease of 3.89% from ¥1,099,908,116,815.35 at the end of the previous year[6]. - Current assets totaled ¥867.13 billion as of March 31, 2025, compared to ¥912.06 billion at the end of 2024, reflecting a decrease of 4.9%[24]. - Total liabilities decreased to ¥937.99 billion as of March 31, 2025, from ¥980.71 billion at the end of 2024, a reduction of 4.4%[24]. - Cash and cash equivalents were ¥21.73 billion as of March 31, 2025, down from ¥25.86 billion at the end of 2024, a decline of 16.3%[22]. - The company’s total equity as of March 31, 2025, was ¥119.12 billion, slightly down from ¥119.20 billion at the end of 2024[24]. - The company’s long-term investments totaled ¥38.79 billion as of March 31, 2025, compared to ¥39.38 billion at the end of 2024[23]. - Total liabilities as of March 31, 2025, were not specified, but the company continues to manage its financial obligations amid declining profits[32]. Cash Flow - The net cash flow from operating activities was -¥2,658,167,606.80, a decline of 9.92% compared to -¥2,418,217,581.39 in the same period last year[6]. - Cash flow from operating activities for Q1 2025 was -2,658,167,606.80 RMB, compared to -2,418,217,581.39 RMB in Q1 2024, showing a worsening cash flow situation[30]. - The company reported operating cash inflows of 60,677,411,005.12 RMB in Q1 2025, a decrease from 86,038,485,275.87 RMB in Q1 2024[30]. - The company’s investment activities generated a net cash inflow of 166,405,451.03 RMB in Q1 2025, down from 546,922,876.04 RMB in Q1 2024[31]. - The company’s financing activities resulted in a net cash outflow of -29,816,479.20 RMB in Q1 2025, compared to -704,264,613.59 RMB in Q1 2024, indicating improved cash management[31]. Shareholder Information - The company reported a total of 125,813 common shareholders at the end of the reporting period[9]. - The top three shareholders held a combined total of 25.88%, 25.82%, and 20.55% of shares respectively, indicating significant ownership concentration[9]. Sector Performance - In Q1 2025, the company achieved a total revenue of 35.6 billion RMB, with the real estate sector contributing 7.4 billion RMB and the infrastructure sector contributing 21.4 billion RMB, indicating overall stability in fundamentals[12]. - The company completed a de-stocking amount of 12.14 billion RMB and achieved cash collection of 10.34 billion RMB in the real estate sector during Q1 2025[13]. - The infrastructure sector generated a revenue of 21.4 billion RMB in Q1 2025, with new contracts signed totaling 41.9 billion RMB[15]. - The energy sector saw coal sales of 4.2 million tons in Q1 2025, representing a year-on-year growth of 58%[16]. - The company signed a total of 12.71 million tons of medium and long-term coal contracts, a 57% increase year-on-year, with total coal purchase and sales contracts exceeding 15 million tons[16]. Strategic Initiatives - The company is actively pursuing new business avenues, including a strategic focus on the tourism sector with the launch of the "336" inbound tourism strategy[17]. - The company is enhancing its financial management by completing key bank credit renewals and focusing on debt management to stabilize financing[19]. - The company is implementing a significant reduction in management costs and personnel salaries, leading to a substantial decrease in overall expenses[12]. - The company is advancing its digital financial transformation and expanding its supply chain finance business in the oil sector[18]. - The company is committed to improving product quality by innovating residential offerings in response to new market conditions[14]. Research and Development - Research and development expenses for Q1 2025 were ¥152.29 million, a decrease of 24.4% from ¥201.39 million in Q1 2024[27]. Miscellaneous - The company has not yet disclosed any new product developments or market expansion strategies during the conference call[41]. - The company is not applying new accounting standards for the year 2025[41].