2025-04-29 12:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,195,181,587, a decrease of 30.64% compared to CNY 1,723,183,957 in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 294,942,888, compared to a loss of CNY 173,760,528 in the previous year[5] - The company reported an operating loss of 296.55 million yuan in Q1 2025, compared to a loss of 171.66 million yuan in Q1 2024[20] - The net profit for Q1 2025 was a loss of 294.42 million yuan, worsening from a loss of 169.84 million yuan in Q1 2024[20] - The net profit for the first quarter of 2025 was -312,347,004 RMB, compared to -223,170,760 RMB in the same period of 2024, indicating a decline of approximately 40% year-over-year[21] - The company reported a basic and diluted earnings per share of -0.09 RMB for Q1 2025, compared to -0.05 RMB in Q1 2024[21] Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 21,458,866, an improvement from a negative CNY 308,131,849 in the same period last year[5] - The total cash and cash equivalents at the end of Q1 2025 were 5,989,402,371 RMB, down from 7,484,748,203 RMB at the end of Q1 2024, representing a decrease of approximately 20%[24] - The cash flow from operating activities for Q1 2025 was negative at CNY -325,668,590, compared to a positive CNY 63,720,917 in Q1 2024[33] - The cash and cash equivalents at the end of Q1 2025 were CNY 4,629,097,525, down from CNY 5,653,976,506 at the end of Q1 2024[34] - The company’s total assets as of March 31, 2025, were 19,353,338,919 RMB, an increase from 15,867,100,333 RMB at the end of 2024, reflecting a growth of approximately 22.5%[26] - The total assets at the end of the reporting period were CNY 47,303,151,514, down 3.15% from CNY 48,841,884,791 at the end of the previous year[5] Revenue Sources - The company reported a total operating income of CNY 11,059,000 from the exhibition and hotel sector, with a total construction area of 367,900 square meters[11] - The hotel sector generated an operating income of CNY 16,180,000 from a total construction area of 346,800 square meters[11] - The office and commercial sector achieved an operating income of CNY 18,222,000 from a total construction area of 578,500 square meters[11] - The apartment sector reported an operating income of CNY 6,104,000 from a total construction area of 184,300 square meters[11] - The total revenue from sales of goods and services in Q1 2025 was 1,592,123,152 RMB, an increase of 39.2% from 1,144,473,545 RMB in Q1 2024[23] Liabilities and Equity - The company's total liabilities as of March 31, 2025, were 35.849 billion yuan, compared to 37.074 billion yuan at the end of 2024[17] - The total equity attributable to shareholders decreased by 3.04% to CNY 9,404,199,707 from CNY 9,699,142,595 at the end of the previous year[5] - The company’s total equity increased slightly from CNY 11,376,363,697 to CNY 11,466,797,283, an increase of about 0.8%[28] - The total liabilities decreased from CNY 31,911,745,636 to CNY 30,889,801,121, a reduction of about 3.2%[28] Market Activity - The company experienced a significant decrease in revenue due to the impact of the real estate development cycle, resulting in reduced billable income[8] - In Q1 2025, the company achieved a sales area of 91,300 square meters, a year-on-year increase of 101.10%[12] - The sales amount for Q1 2025 reached 1.053 billion yuan, up 63.51% year-on-year, while the equity sales amount was 976 million yuan, an increase of 88.78%[12] - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[36]