CHIXIA DEVELOPMENT(SH:600533)2025-04-29 14:30Financial Performance - The company's operating revenue for Q1 2025 was ¥358,957,086.82, a decrease of 30.30% compared to ¥514,974,696.86 in the same period last year[3] - The net profit attributable to shareholders was ¥3,018,994.40, a significant improvement from a loss of ¥26,024,798.53 in the previous year[3] - The basic and diluted earnings per share were both ¥0.0030, recovering from a loss of ¥0.0248 per share in the same period last year[3] - The weighted average return on equity increased by 0.72 percentage points to 0.09% from -0.63%[3] - Total operating revenue for Q1 2025 was ¥359,072,137.34, a decrease of 30.4% compared to ¥515,085,103.71 in Q1 2024[17] - Net profit for Q1 2025 was ¥7,081,845.24, compared to a net loss of ¥22,974,581.98 in Q1 2024[18] - The company reported a gross profit margin of approximately 11.5% in Q1 2025, compared to a negative margin in Q1 2024[17] - The company's operating revenue for Q1 2025 reached ¥184,633,836.45, a significant increase of 68.3% compared to ¥109,573,001.08 in Q1 2024[27] - The net profit for Q1 2025 was ¥5,413,804.69, contrasting with a net loss of ¥16,446,979.52 in Q1 2024, indicating a turnaround in profitability[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥22,907,146,305.09, a decrease of 1.65% from ¥23,292,488,202.91 at the end of the previous year[3] - The total liabilities decreased from 19,903 million RMB to 19,481 million RMB, reflecting a reduction of about 2.12%[14] - The total assets as of March 31, 2025, amounted to ¥13,977,534,034.64, slightly down from ¥14,128,666,364.73 as of December 31, 2024[24] - The total liabilities decreased to ¥10,790,480,163.82 from ¥10,954,374,627.53, reflecting a reduction in financial obligations[24] Cash Flow - The net cash flow from operating activities was -¥159,628,868.16, an improvement from -¥294,431,700.32 in the previous year[3] - Cash flow from operating activities for Q1 2025 was negative at -¥159,628,868.16, an improvement from -¥294,431,700.32 in Q1 2024[20] - Cash and cash equivalents at the end of Q1 2025 were ¥1,361,904,044.71, down from ¥2,490,329,616.33 at the end of Q1 2024[21] - The company incurred a total financing cash outflow of ¥857,201,623.34 in Q1 2025, compared to ¥1,256,810,287.55 in Q1 2024[21] - Net cash flow from operating activities for Q1 2025 was $76.7 million, compared to a negative $86.1 million in Q1 2024, indicating a turnaround in performance[30] - Cash outflow from investing activities in Q1 2025 was $27.5 million, a decrease from $85.3 million in Q1 2024, reflecting a reduction in investment expenditures[30] - Cash inflow from financing activities in Q1 2025 was $357.8 million, down from $1.04 billion in Q1 2024, showing a decline in borrowing activities[31] - The ending cash and cash equivalents balance for Q1 2025 was $499.1 million, down from $840.6 million in Q1 2024, reflecting a decrease of approximately 41%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,063[6] - The largest shareholder, Nanjing Qixia Construction Group Co., Ltd., holds 34.37% of the shares, with 150,000,000 shares pledged[8] Future Outlook - The company plans to focus on improving sales revenue and profitability through project delivery and cost management strategies in the upcoming quarters[9] - The company is focusing on expanding its market presence through new residential developments in key cities like Nanjing and Wuxi[10] - The company has ongoing construction projects in Nanjing, with a total planned construction area of 1,000,000 square meters, indicating significant future growth potential[10] - The company has several new projects under construction, with a total investment of approximately 1,000 million RMB planned for these developments[10] Investment and Projects - The total investment amount for completed residential projects in Nanjing and Wuxi reached approximately 1,000 million RMB, with specific projects like Fengqing Water Front and Yangshan Lake Garden contributing significantly[10] - The total area available for sale across various residential projects is approximately 1,500,000 square meters, with a significant portion already sold or pre-sold[11] - Revenue from transferred areas for completed projects amounted to approximately 10 million RMB during the reporting period[11] Other Financial Metrics - The company recognized non-recurring gains and losses totaling -¥6,737,982.90, primarily due to government subsidies and fair value changes of financial assets[7] - The company's cash and cash equivalents decreased from 1,711 million RMB to 1,384 million RMB, a decline of about 19.1%[12] - The total equity attributable to shareholders increased slightly from 3,241 million RMB to 3,252 million RMB, showing a growth of approximately 0.34%[14] - The total equity as of March 31, 2025, was ¥3,187,053,870.82, slightly up from ¥3,174,291,737.20 at the end of 2024[25] - The deferred income tax assets increased to ¥480,109,912.08 from ¥474,930,088.17, suggesting potential future tax benefits[24] - The financial expenses for Q1 2025 were ¥11,530,849.97, a decrease from ¥17,627,127.08 in Q1 2024, indicating improved cost management[27] - The company reported an investment loss of ¥16,286,063.39 in Q1 2025, which is higher than the loss of ¥10,450,057.46 in Q1 2024[27] - Cash paid for employee compensation in Q1 2025 was $10.0 million, a decrease from $14.2 million in Q1 2024, indicating cost management efforts[30] - Cash received from operating activities related to services in Q1 2025 was $171.6 million, compared to $93.6 million in Q1 2024, marking an increase of approximately 83%[30] - Total cash outflow for operating activities in Q1 2025 was $247.1 million, an increase from $182.2 million in Q1 2024, reflecting higher operational costs[30] - The company did not report any cash inflow from investment activities in Q1 2025, contrasting with $140.4 million in Q1 2024, indicating a shift in investment strategy[30]