京能置业(600791) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥315,426,027.34, representing an increase of 85.48% compared to ¥170,054,960.73 in the same period last year[5] - The net profit attributable to shareholders of the listed company was -¥107,203,659.14, a decline from -¥57,755,604.23 year-on-year, indicating a worsening financial performance[5] - The basic earnings per share decreased to -¥0.24 from -¥0.13, indicating an increase in losses per share[5] - The weighted average return on equity was -17.00%, down from -5.63% in the previous year, highlighting a decline in profitability[6] - The company reported a net loss of -¥120,863,857.22 for Q1 2025, compared to a net loss of -¥70,626,994.73 in Q1 2024[27] - The total comprehensive loss for Q1 2025 was -132,596,525.10 RMB, compared to -74,250,923.25 RMB in Q1 2024, indicating a significant increase in losses[28] - The net profit for Q1 2025 was -132,596,525.10 RMB, compared to -74,250,923.25 RMB in Q1 2024, representing an increase in net loss of approximately 78.5% year-over-year[28] Cash Flow - The net cash flow from operating activities was -¥191,379,642.57, significantly lower than -¥1,996,641,650.48 in the previous year, reflecting cash flow challenges[5] - Cash inflows from operating activities in Q1 2025 totaled 386,530,334.18 RMB, down 67.6% from 1,191,186,366.36 RMB in Q1 2024[32] - Cash outflows from operating activities in Q1 2025 were 577,909,976.75 RMB, compared to 3,187,828,016.84 RMB in Q1 2024, showing a decrease of 81.8%[32] - The net cash flow from operating activities for Q1 2025 was -191,379,642.57 RMB, an improvement from -1,996,641,650.48 RMB in Q1 2024[32] - Cash inflows from financing activities in Q1 2025 were 4,063,575,290.66 RMB, significantly higher than 1,409,155,677.08 RMB in Q1 2024, indicating increased financing activity[33] - The net cash flow from financing activities for Q1 2025 was -16,697,253.15 RMB, compared to a positive net cash flow of 66,433,368.60 RMB in Q1 2024[33] - The ending cash and cash equivalents balance for Q1 2025 was 2,253,705,274.70 RMB, down from 2,630,320,706.75 RMB in Q1 2024[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥19,361,293,366.19, a decrease of 2.01% from ¥19,758,901,512.17 at the end of the previous year[6] - Total liabilities decreased to ¥15,191,585,423.95 from ¥17,456,597,044.83, a reduction of 13.0%[24] - Shareholders' equity increased to ¥4,169,707,942.24 from ¥2,302,304,467.34, an increase of 81.2%[24] Revenue and Costs - Total revenue for Q1 2025 reached ¥315,426,027.34, a significant increase of 85.4% compared to ¥170,054,960.73 in Q1 2024[27] - Total operating costs for Q1 2025 were ¥437,761,464.61, up 80.3% from ¥243,154,883.16 in Q1 2024[27] - Operating profit for Q1 2025 was reported at -¥120,863,857.22, worsening from -¥70,626,994.73 in Q1 2024[27] Other Key Developments - The company experienced an increase in revenue due to a larger scale of income recognition compared to the previous year[8] - The company reported an increase in construction projects, leading to higher expense recognition compared to the same period last year[8] - The company reported a total of 29.12 million square meters of area resumed work during the reporting period, with an equity area of 28.62 million square meters[16] - The company completed a total of 17 parking space sales during the reporting period[17] - The company’s subsidiary, Dalian Jingneng Sunshine Real Estate Development Co., Ltd., won a lawsuit regarding land use rights, which has been finalized[13] - The company’s board approved a proposal to terminate the issuance of A-shares to specific targets for the year 2023 and to withdraw the application documents[14] - The company’s equity stake in the project "Wutong Avenue" is 15.84%, with a signed area of 0.06 million square meters and a signed amount of 0.04 billion RMB[19] - The company’s equity stake in the project "Yunhu" is 15.20%, with no signed area or amount reported[19] - The top shareholder, Beijing Energy Group Co., Ltd., holds 204,983,645 shares, accounting for 45.26% of the total shares[11] - The second-largest shareholder, Li Zhuo, holds 6,430,900 shares, representing 1.42% of the total shares[11] - The company has not disclosed any related party transactions for the reporting period[12] - The company is currently involved in litigation regarding land use rights, which may impact future operations[13] - Non-recurring gains and losses amounted to -¥5,491,747.70 after tax, indicating a negative impact on overall profitability[8] - The company’s financial expenses rose to ¥79,106,923.72 in Q1 2025, compared to ¥44,410,143.57 in Q1 2024, an increase of 78.1%[27] - The company’s other income for Q1 2025 was ¥1,006,070.02, compared to ¥40,439.22 in Q1 2024, indicating a substantial increase[27]