TANDE(600665)2025-04-29 16:30Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,068,269,308.28, representing a 204.86% increase compared to CNY 350,412,650.24 in the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 61,810,920.22, an improvement from a loss of CNY 80,934,255.09 year-over-year[5]. - The basic and diluted earnings per share were both negative CNY 0.0715, compared to negative CNY 0.0937 in the same period last year[6]. - The net profit for the first quarter of 2025 was -33,811,892.59 RMB, compared to -78,933,203.12 RMB in the same period of 2024, indicating an improvement[19]. - The total comprehensive income attributable to the parent company was -61,810,920.22 RMB for Q1 2025, compared to -80,934,255.09 RMB in Q1 2024[20]. Cash Flow - The net cash flow from operating activities was negative CNY 12,718,985.41, a decrease of 106.72% compared to a positive cash flow of CNY 189,329,644.15 in the previous year[5]. - Cash inflow from operating activities totaled 1,046,065,695.12 RMB in Q1 2025, down from 1,653,755,620.29 RMB in Q1 2024[22]. - Cash outflow from operating activities was 1,058,784,680.53 RMB in Q1 2025, compared to 1,464,425,976.14 RMB in Q1 2024[22]. - The net cash flow from investing activities was -1,418,199.26 RMB in Q1 2025, compared to 4,913,242.32 RMB in Q1 2024[23]. - The net cash flow from financing activities was -375,462,730.35 RMB in Q1 2025, a decrease from 1,832,589,593.97 RMB in Q1 2024[23]. - The ending cash and cash equivalents balance for Q1 2025 was 3,267,432,042.89 RMB, down from 6,787,580,272.23 RMB in Q1 2024[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 27,300,224,641.38, down 3.65% from CNY 28,335,517,502.42 at the end of the previous year[6]. - The total liabilities as of March 31, 2025, were ¥23,572,227,279.00, compared to ¥24,563,689,305.18 as of December 31, 2024, indicating a reduction of approximately 4.0%[15]. - Total current assets as of March 31, 2025, were ¥25,746,432,778.16, down from ¥27,302,127,441.25 as of December 31, 2024, representing a decrease of about 5.7%[14]. - Cash and cash equivalents as of March 31, 2025, were ¥3,332,395,397.19, down from ¥3,766,058,041.00 as of December 31, 2024, a decrease of about 11.5%[13]. - Accounts receivable decreased to ¥24,411,289.04 as of March 31, 2025, from ¥27,649,656.00 as of December 31, 2024, a decline of approximately 11.3%[13]. Operating Costs - Total operating costs for Q1 2025 were ¥1,087,145,269.85, compared to ¥432,782,886.53 in Q1 2024, indicating an increase of about 151.5%[18]. - Operating costs included ¥891,616,078.32 in cost of goods sold for Q1 2025, up from ¥333,753,649.16 in Q1 2024, reflecting a rise of approximately 167.5%[18]. - Financial expenses for Q1 2025 amounted to ¥100,523,299.77, compared to ¥47,745,637.11 in Q1 2024, marking an increase of around 109.7%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,342[10]. - Shareholders' equity totaled ¥3,727,997,362.38 as of March 31, 2025, slightly down from ¥3,771,828,197.24 as of December 31, 2024, a decrease of approximately 1.2%[16]. - The equity attributable to shareholders decreased by 2.15% to CNY 2,813,682,647.17 from CNY 2,875,503,227.95 at the end of the last year[6]. Revenue Drivers - The significant increase in operating revenue was primarily due to a higher area of completed housing projects recognized compared to the previous year[7]. - The company reported a decrease in cash flow primarily due to reduced sales collections compared to the same period last year[7].