Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,326,609,629, representing a decrease of 64.50% compared to the same period last year[2]. - Net profit attributable to shareholders for Q1 2022 was CNY 33,169,592, down 89.75% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 28,917,899, a decrease of 90.60% compared to the previous year[2]. - Basic and diluted earnings per share were both CNY 0.01, reflecting a decline of 88.89%[2]. - Total revenue for Q1 2022 was 2,326,609,629 RMB, a significant decrease from 6,554,010,341 RMB in Q1 2021, representing a decline of approximately 64.6%[17]. - Operating profit for Q1 2022 was 68,553,462 RMB, down from 453,933,700 RMB in Q1 2021, indicating a decrease of about 85.0%[19]. - Net profit attributable to shareholders for Q1 2022 was 33,169,592 RMB, compared to 323,457,029 RMB in Q1 2021, reflecting a decline of approximately 89.8%[20]. - Earnings per share for Q1 2022 were 0.01 RMB, down from 0.09 RMB in Q1 2021, a decrease of 88.9%[22]. - Other comprehensive income attributable to shareholders was 37,952,020 RMB in Q1 2022, compared to 317,107,842 RMB in Q1 2021, a decline of approximately 88.0%[22]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 115.25% to CNY 1,021,030,933[2]. - Cash flow from operating activities in Q1 2022 was 4,845,084,464 RMB, an increase from 3,873,353,195 RMB in Q1 2021, representing a growth of about 25.1%[24]. - Cash flow from operating activities for Q1 2022 was RMB 142,571,327, compared to RMB 131,383,950 in Q1 2021, showing an increase of 8.9%[42]. - The net increase in cash and cash equivalents at the end of Q1 2022 was 10,550,033,367 RMB, compared to 8,833,685,099 RMB at the end of Q1 2021[32]. - The company's cash and cash equivalents decreased by 2,409,418,419 RMB compared to the previous period[32]. - The ending balance of cash and cash equivalents was 6,842,114,375, up from 5,740,654,344 in the previous period[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 76,824,317,101, a decrease of 3.61% from the end of the previous year[2]. - Current assets totaled RMB 62.51 billion as of March 31, 2022, down from RMB 65.24 billion at the end of 2021[12]. - Total liabilities decreased to RMB 57.48 billion from RMB 60.40 billion[15]. - Long-term borrowings increased to RMB 17.40 billion from RMB 16.18 billion[15]. - Non-current assets totaled RMB 14.31 billion, down from RMB 14.47 billion[13]. - The company reported a total asset value of RMB 76.82 billion, a decrease from RMB 79.70 billion[13]. - Total liabilities as of March 31, 2022, were 34,346,901,773 RMB, down from 35,678,136,244 RMB at the end of 2021[36]. - The company reported a decrease in total liabilities, with total liabilities and equity amounting to RMB 45,662,494,282 as of March 31, 2022, down from RMB 46,932,833,503 at the end of 2021[37]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 148,002[6]. - The largest shareholder, Beijing Beichen Group, held 34.482% of the shares, totaling 1,161,000,031 shares[6]. - Total equity attributable to shareholders increased to 15,490,534,932 RMB from 15,457,365,339 RMB, a rise of about 0.2%[16]. - The total equity attributable to shareholders increased to RMB 11,315,592,509 as of March 31, 2022, up from RMB 11,254,697,259 at the end of 2021, reflecting a growth of 0.54%[37]. Sales and Revenue - The company achieved a sales area of 138,500 square meters, a year-on-year decrease of 1.56%, while equity sales area increased by 7.11% to 126,600 square meters[9]. - Sales revenue reached RMB 2.996 billion, representing a year-on-year increase of 14.70%, with equity sales revenue at RMB 2.694 billion, up 29.58%[9]. - Total operating income from property management reached RMB 97.14 million, with office buildings generating RMB 182.28 million and hotel operations contributing RMB 211.04 million[10]. - The company achieved a gross profit margin of approximately 45% in Q1 2022, compared to 45.1% in Q1 2021, indicating stable profitability[39]. Investment and Future Plans - The company plans to expand its market presence and invest in new technologies, although specific figures were not disclosed in the earnings call[38]. - Research and development expenses for Q1 2022 were RMB -4,217,426, a decrease from RMB -10,671,490 in Q1 2021, suggesting a focus on cost management[38]. - Investment activities generated a net cash flow of RMB 835,788,799 in Q1 2022, a significant improvement from a net outflow of RMB 1,742,089,650 in Q1 2021[43].
北京北辰实业股份(00588) - 2022 Q1 - 季度财报