大龙地产(600159) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥105,478,190.62, representing a decrease of 41.57% compared to the same period last year[5]. - Total operating revenue for Q1 2023 was ¥105,478,190.62, a decrease of 41.6% compared to ¥180,515,799.85 in Q1 2022[15]. - Net profit for Q1 2023 was ¥11,054,769.03, a decline of 19.7% from ¥13,769,404.92 in Q1 2022[16]. - Total comprehensive income for the first quarter of 2023 was CNY 11,054,769.03, compared to CNY 13,769,404.92 in the same period of 2022, reflecting a decrease of approximately 19.7%[17]. - The net profit attributable to shareholders was ¥8,543,921.59, an increase of 54.15% year-on-year, primarily due to asset disposal gains of ¥9,880,391.36[5][7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥970,550.95, reflecting a significant decrease of 82.00% year-on-year[5]. Cash Flow - The net cash flow from operating activities was negative at ¥386,782,859.41, indicating a decline in cash inflows from property sales compared to the previous year[5][7]. - The net cash flow from operating activities for Q1 2023 was -CNY 386,782,859.41, a decline from -CNY 156,243,806.36 in Q1 2022, indicating a worsening cash flow situation[20]. - Cash received from sales of goods and services was CNY 30,654,563.05, down 72.8% from CNY 112,864,831.35 in the previous year[19]. - Total cash outflow from operating activities was CNY 434,941,862.75, compared to CNY 272,203,135.28 in Q1 2022, representing an increase of 60%[20]. - The total cash inflow from operating activities was CNY 48,159,003.34, significantly lower than CNY 115,959,328.92 in the same quarter last year, marking a decrease of about 58.5%[20]. - Cash flow from financing activities was CNY 50,000,000.00, with no cash outflow reported, indicating a stable financing position[21]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥3,849,672,412.68, down 7.51% from the end of the previous year[6]. - The company's total assets decreased to ¥3,849,672,412.68 in Q1 2023 from ¥4,162,373,733.08 in Q1 2022, representing a reduction of 7.5%[15]. - Total liabilities for Q1 2023 were ¥1,506,550,333.60, down 17.7% from ¥1,830,306,423.03 in Q1 2022[14]. - The company reported a decrease in accounts payable from ¥573,046,230.13 in Q1 2022 to ¥497,222,010.52 in Q1 2023, a decline of 13.2%[14]. - The company’s contract liabilities decreased to ¥219,038,585.02 in Q1 2023 from ¥276,693,246.14 in Q1 2022, a decrease of 20.8%[14]. Shareholder Information - The company had 36,383 common shareholders at the end of the reporting period[9]. - The largest shareholder, Beijing Shunyi Dalong Urban Construction Development Co., Ltd., held 395,916,555 shares, accounting for 47.70% of total shares[9]. - The equity attributable to shareholders of the parent company increased to ¥2,265,976,918.21 in Q1 2023 from ¥2,257,432,996.62 in Q1 2022, a growth of 0.8%[15]. Government Support and Future Plans - The company reported a significant increase in government subsidies recognized during the period, amounting to ¥205,723.56[7]. - The company plans to focus on improving cash flow management and exploring new business opportunities to enhance future performance[11]. Other Financial Metrics - The weighted average return on equity increased to 0.38%, up from 0.16% at the end of the previous year[6]. - The cash and cash equivalents decreased from ¥3,800,803,213.66 in Q1 2022 to ¥3,495,057,604.32 in Q1 2023, a drop of 8.0%[14]. - The ending cash and cash equivalents balance decreased to CNY 617,264,693.07 from CNY 788,155,659.59 at the end of Q1 2022, a reduction of approximately 21.7%[21]. - Basic and diluted earnings per share remained unchanged at CNY 0.01 for both Q1 2023 and Q1 2022[17]. - The company did not report any net profit from subsidiaries prior to consolidation in both the current and previous periods[17]. - The company’s research and development expenses were not disclosed in the report, indicating a potential area for future focus[16].