CITYCHAMP DT(SH:600067)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,947,619,303.31, representing a decrease of 24.46% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was a loss of CNY 11,180,332.10, a decline of 140.89% year-on-year[4] - The net cash flow from operating activities was a negative CNY 36,775,647.73, down 105.26% from the previous year[4] - Basic and diluted earnings per share were both CNY -0.01, reflecting a decrease of 150.00% compared to the same period last year[4] - The company's total revenue for Q1 2023 was CNY 1,947,619,303.31, down from CNY 2,578,157,350.02 in Q1 2022, representing a decline of approximately 24.4%[26] - Total costs for Q1 2023 were CNY 1,899,516,574.78, compared to CNY 2,461,903,037.89 in Q1 2022, indicating a decrease of about 22.8%[26] - The company's operating profit fell to CNY 30,003,900.87 in Q1 2023, compared to CNY 107,772,392.89 in the same period last year, reflecting a decline of approximately 72.14%[27] - The total comprehensive income for Q1 2023 was CNY -7,892,045.82, a stark contrast to CNY 59,697,972.51 in Q1 2022, indicating a significant decline[28] - The net profit for the first quarter of 2023 was approximately CNY 113.35 million, a decrease of 39.6% compared to CNY 188.12 million in the same period of 2022[39] - The operating profit for Q1 2023 was approximately CNY 112.98 million, down from CNY 187.96 million in Q1 2022, reflecting a decline of 39.9%[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,986,887,694.45, a decrease of 1.69% from the end of the previous year[5] - The company's total liabilities decreased to CNY 14,648,861,644.67 as of March 31, 2023, from CNY 15,034,687,242.04 at the end of 2022[24] - The company's equity attributable to shareholders was CNY 7,018,170,312.74 as of March 31, 2023, slightly down from CNY 7,037,526,801.35 at the end of 2022[24] - The total assets as of March 31, 2023, were approximately CNY 14.80 billion, a decline of 1.61% from CNY 15.05 billion at the end of 2022[36] - The total liabilities decreased to approximately CNY 7.24 billion, down 4.68% from CNY 7.60 billion[36] Business Operations - The decrease in net profit was primarily due to a reduction in sales volume of electromagnetic wire and a decrease in the area settled in the real estate business compared to the previous year[8] - The company did not report any new product developments or market expansion strategies during this quarter[8] - In Q1 2023, the company's real estate business achieved a contract sales area of 38,400 square meters, a year-on-year increase of 23.47%, while the contract sales amount was 505 million RMB, a year-on-year decrease of 5.25%[13] - The company reported a settlement area of 40,600 square meters in Q1 2023, down 47.34% year-on-year, with a settlement amount of 639 million RMB, a decrease of 44.48% year-on-year[13] - The company’s electromagnetic wire business reported a production volume of 18,800 tons, a year-on-year decrease of 9.18%, with a main business revenue of 1.221 billion RMB, down 8.06% year-on-year[17] - The lithium battery business achieved a main business revenue of 4.5687 million RMB in Q1 2023, reflecting a year-on-year growth of 24.25%[17] - The company’s real estate rental income for Q1 2023 was 2.5 million RMB, accounting for 1.28% of total operating income[16] - The company has no new land reserves during the reporting period, with a total construction area of 666,000 square meters for major real estate projects[13] - The company’s construction projects include several in-progress developments, with a total remaining unsold area of 92,040 square meters[15] - The company’s real estate projects in construction or for sale include significant projects in Nanjing and Beijing, with various completion statuses[15] Cash Flow and Financing - Cash flow from operating activities showed a net outflow of CNY 36,775,647.73 in Q1 2023, contrasting with a net inflow of CNY 699,370,874.59 in Q1 2022[32] - The company experienced a net cash outflow from financing activities of CNY 250,656,178.41 in Q1 2023, compared to a larger outflow of CNY 712,221,404.95 in Q1 2022[32] - The cash and cash equivalents at the end of Q1 2023 stood at CNY 814,924,910.41, down from CNY 1,359,513,732.29 at the end of Q1 2022, indicating a decrease of approximately 40.0%[32] - The total cash inflow from financing activities was ¥104,000,000, compared to ¥188,000,000 in Q1 2022, indicating a decrease of 44.7%[43] - The net cash flow from investing activities was -¥39,310,300, an improvement from -¥115,751,990 in Q1 2022, showing a reduction in cash outflow by 66.0%[43] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,366[10] - As of the end of the reporting period, the first employee stock ownership plan held 6,480,000 shares, accounting for 0.47% of the total share capital[19] - The company has a second employee stock ownership plan that was terminated as of January 7, 2023, after all shares were sold through block trading[19] - The company plans to issue shares to no more than 35 specific investors to raise funds for business expansion, mergers, and related real estate projects, with the issuance not exceeding 30% of the total share capital before the issuance[18] Research and Development - The company reported a decrease in research and development expenses to CNY 38,419,769.65 in Q1 2023 from CNY 40,065,093.60 in Q1 2022, a reduction of about 4.1%[27] - The company plans to continue focusing on market expansion and new product development to drive future growth[38]