PDH(SH:600048)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 39,955,547,789.51, representing a year-on-year increase of 19.14%[3] - The net profit attributable to shareholders for Q1 2023 was CNY 2,720,901,862.85, reflecting a growth of 7.52% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,656,542,425.13, an increase of 6.75% year-on-year[3] - The basic earnings per share for Q1 2023 was CNY 0.23, which is a 7.52% increase from the previous year[3] - The gross profit margin for Q1 2023 was 21.93%, remaining stable compared to the full year of 2022[8] - The company reported a total comprehensive income of CNY 3,905,187,890.46 for Q1 2023, compared to CNY 3,718,269,501.86 in Q1 2022[16] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 1,448,024,732,282.77, a decrease of 1.53% from the end of the previous year[3] - The company's total liabilities amounted to CNY 1,128.66 billion, with a debt-to-asset ratio of 77.85%, down 0.24 percentage points from the previous year[8] - The total liabilities amounted to CNY 315,971,611,886.47, slightly up from CNY 315,120,783,744.43 in the previous period[22] - The total current liabilities were ¥842,280,432,161.40, unchanged from the previous report[29] - The total non-current liabilities were ¥305,992,468,500.00, a minor decrease from ¥307,300,852,179.19[29] Cash Flow - The net cash flow from operating activities was negative at CNY -14,162,412,369.44, indicating a significant cash outflow[3] - Cash flow from operating activities was CNY 76,442,367,292.71, compared to CNY 56,986,475,502.00 in Q1 2022, indicating a significant increase[17] - The cash flow from operating activities showed a net outflow of CNY 11,453,986,300.39, an improvement from the outflow of CNY 15,605,068,972.33 in the same quarter last year[25] - The company reported a decrease in cash and cash equivalents by CNY 10,373,356,402.42 in Q1 2023 compared to a decrease of CNY 17,249,863,492.13 in the same quarter last year[26] Shareholder Equity - The total equity attributable to shareholders was CNY 198,058,735,851.80, showing a slight increase of 0.91% compared to the previous year[4] - The total equity decreased to CNY 50,126,137,874.05 from CNY 51,983,522,186.69, indicating a decline in shareholder value[22] - The total equity attributable to shareholders was ¥196,264,406,893.72, down from ¥196,322,398,587.70[29] Investments and Projects - The company had 674 ongoing and planned projects, with a total construction area of 112.85 million square meters[8] - New construction area in Q1 2023 was 1.98 million square meters, while completed area was 5.16 million square meters[8] - The company expanded its land acquisition in 38 core cities, accounting for 98% of the total acquisition cost of CNY 18.5 billion[8] - The company reported an investment loss of CNY 145,475,161.25, which is a significant increase from a loss of CNY 11,954,722.20 in the previous year[23] Tax and Expenses - The company’s tax expenses for Q1 2023 were CNY 1,416,642,284.30, compared to CNY 1,270,109,536.53 in Q1 2022, reflecting an increase of 11.5%[15] - Financial expenses for Q1 2023 were CNY 662,851,560.26, up from CNY 357,452,161.60 in Q1 2022, reflecting increased borrowing costs[23] - Research and development expenses were CNY 15,620,078.91, down from CNY 28,776,250.42 in the previous year, reflecting a 45.6% decrease[15] Financing Activities - The total cash inflow from financing activities was 33.56 billion RMB, down from 43.03 billion RMB in the same period last year[19] - The company received CNY 7,000,000,000.00 from borrowings in Q1 2023, compared to CNY 1,230,000,000.00 in Q1 2022, showing a substantial increase in financing activities[25] - The net cash flow from financing activities was CNY 1,023,330,744.37, a significant improvement compared to a net outflow of CNY 1,654,510,982.87 in the same period last year[26] Accounting Standards - The company is implementing new accounting standards starting in 2023, which may impact financial reporting and tax treatment[26]