YMRD(SH:600239)2021-04-26 16:00Financial Performance - Total assets decreased by 2.47% to CNY 78.36 billion compared to the end of the previous year[6]. - Net assets attributable to shareholders decreased by 126.50% to -CNY 855.59 million compared to the end of the previous year[6]. - Revenue decreased by 42.10% to CNY 888.82 million compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 300.70% to -CNY 477.82 million compared to the same period last year[6]. - Basic earnings per share decreased by 275.00% to -CNY 0.30 compared to the same period last year[6]. - The company reported a net loss of CNY 4,238,351,796.89, compared to a loss of CNY 3,760,531,440.00 in the previous period, indicating an increase in losses[24]. - Net loss for Q1 2021 was ¥607.89 million, compared to a net loss of ¥230.55 million in Q1 2020, representing an increase in loss of 163.5%[30]. - The company reported a comprehensive loss of ¥607.91 million in Q1 2021, compared to a comprehensive loss of ¥230.55 million in Q1 2020[31]. Cash Flow - Operating cash flow increased by 460.95% to CNY 1.05 billion compared to the same period last year[6]. - The net cash flow from operating activities increased significantly to CNY 1,046,330,520.61 in Q1 2021, compared to CNY 186,526,902.28 in Q1 2020, marking a growth of 461.36%[35]. - Cash inflow from operating activities was CNY 2,378,129,958.73, a decrease of 6.04% compared to CNY 2,531,885,800.77 in Q1 2020[35]. - The cash inflow from sales of goods and services received was CNY 921,885,346.72 in Q1 2021, an increase of 8.74% from CNY 847,490,954.38 in Q1 2020[35]. - The net cash flow from financing activities was negative at CNY -1,293,561,229.42 in Q1 2021, compared to CNY -1,090,873,223.02 in Q1 2020, indicating a worsening of 18.54%[36]. Assets and Liabilities - Total liabilities were CNY 77,102,664,586.28, down from CNY 78,474,573,219.77, indicating a reduction of about 1.75%[24]. - Current liabilities totaled CNY 65,625,393,433.65, slightly decreased from CNY 66,108,131,264.94, representing a decline of approximately 0.73%[23]. - Non-current liabilities were CNY 11,477,271,152.63, down from CNY 12,366,441,954.83, showing a decrease of around 7.19%[24]. - The company's total equity was CNY 1,253,111,600.01, a decrease from CNY 1,862,348,981.14, reflecting a decline of approximately 32.6%[24]. - Total current assets amounted to CNY 51,025,136,593.64 as of December 31, 2020[40]. - Total non-current assets reached CNY 29,311,785,607.27, resulting in total assets of CNY 80,336,922,200.91[41]. Shareholder Information - The total number of shareholders reached 54,204 by the end of the reporting period[11]. - The largest shareholder, Yunnan Kanglv Holding Group, holds 39.87% of the shares[11]. Operational Highlights - The company has not disclosed any new product developments or market expansion strategies in this report[6]. - The total signed area for new sales in the first quarter was 20,487 square meters, a decrease of 42% year-over-year[18]. - The company has no new real estate reserves or new construction in the first quarter of 2021[14][15]. - The company signed a compensation agreement for the recovery of land use rights, receiving approximately ¥3.1 billion in compensation[17]. Income and Expenses - Total operating revenue for Q1 2021 was ¥888.82 million, a decrease of 42.2% from ¥1,535.03 million in Q1 2020[29]. - Total operating costs for Q1 2021 were ¥1,633.70 million, down 22.6% from ¥2,111.01 million in Q1 2020[29]. - Financial expenses for Q1 2021 were ¥855.45 million, an increase of 26.4% from ¥677.30 million in Q1 2020[29]. - The company recorded a tax expense of -¥9.33 million in Q1 2021, compared to a tax expense of ¥118.72 million in Q1 2020[30]. - Other income for Q1 2021 was ¥10.09 million, up from ¥2.33 million in Q1 2020[29]. Inventory and Receivables - The cost of goods sold decreased by 53.22% to ¥495.45 million, attributed to a decline in real estate sales revenue[13]. - Other receivables increased by 17.05% to ¥2.88 billion, primarily due to the increase in government land compensation receivables[13]. - Inventory decreased by 5.57% to ¥43.45 billion, resulting from government land recovery[13]. - The company reported a 73.62% decline in investment income, down to ¥129.55 million, due to reduced equity transfer gains[13].