BUCID(SH:600266)2023-04-27 16:00Financial Performance - Total operating revenue for Q1 2023 was CNY 1,354,228,313.32, a decrease of 56.5% compared to CNY 3,112,187,212.74 in Q1 2022[16] - The company's operating revenue for the first quarter of 2023 was CNY 1,354,228,313.32, representing a decrease of 56.49% compared to the same period last year[24] - The net profit attributable to shareholders of the listed company was CNY 62,586,466.79, while the net profit after deducting non-recurring gains and losses was CNY -89,625,973.14[24][25] - The net profit for Q1 2023 was approximately ¥32.41 million, a significant recovery from a net loss of ¥992.68 million in the same period last year[36] - Operating profit for Q1 2023 was approximately ¥47.03 million, compared to an operating loss of ¥989.22 million in Q1 2022[36] - The company reported a total revenue of approximately ¥45.65 million for Q1 2023, recovering from a total loss of ¥987.23 million in the previous year[36] Costs and Expenses - Total operating costs for Q1 2023 were CNY 1,387,854,375.55, down from CNY 2,984,217,955.17 in the same period last year, reflecting a reduction of 53.4%[16] - The financial expenses increased to approximately ¥93.16 million, up from ¥51.46 million, indicating a rise of 80.9%[36] - The company paid CNY 489,544,501.63 in taxes, down from CNY 1,036,648,375.66 in the previous year, indicating a reduction in tax liabilities[38] Assets and Liabilities - The company's total assets increased to CNY 146,948,083,208.05 in Q1 2023, up from CNY 138,765,933,031.67 at the end of Q1 2022, representing a growth of 5.6%[15] - Total liabilities rose to CNY 119,644,068,429.72 in Q1 2023, compared to CNY 111,286,928,483.58 in Q1 2022, indicating an increase of 7.5%[15] - The total assets at the end of the reporting period were CNY 146,948,083,208.05, an increase of 5.90% from the end of the previous year[24] - The total liabilities decreased slightly to approximately ¥121.06 billion from ¥121.64 billion, reflecting a decrease of 0.5%[32] Shareholder Information - The number of common shareholders at the end of the reporting period was 49,817, with the largest shareholder holding 41.86% of the shares[10] - The major shareholder, Beijing Urban Construction Group Co., Ltd., holds 944,663,261 shares, representing a significant portion of the company's equity[30] - The company's equity attributable to shareholders decreased slightly to CNY 24,178,019,507.36 in Q1 2023 from CNY 24,219,270,529.10 in Q1 2022, a decline of 0.2%[15] - The company’s total equity attributable to shareholders decreased slightly by 0.17% to CNY 24,178,019,507.36 from CNY 24,219,270,529.10[44] Cash Flow - The net cash flow from operating activities was CNY 5,339,210,341.31, showing a significant increase compared to the previous year[24][28] - In Q1 2023, the company generated operating cash inflow of CNY 12,950,915,034.51, an increase of 16.8% compared to CNY 11,084,066,917.05 in Q1 2022[41] - The net cash flow from operating activities was CNY 5,339,210,341.31, a significant recovery from a negative cash flow of CNY -152,608,967.45 in the previous period[38] - The company reported a total cash and cash equivalents balance of CNY 20,502,235,987.57 at the end of the period, up from CNY 11,433,727,231.01 year-over-year[38] - The company’s financing activities generated a net cash inflow of CNY 1,516,655,461.68, a turnaround from a net outflow of CNY -2,424,285,061.56 in the previous period[38] Market Outlook and Operations - Future outlook remains cautious due to market conditions, with no specific guidance provided for the upcoming quarters[8] - The company has not reported any new product launches or significant technological advancements during this quarter[8] - The decrease in operating revenue was primarily due to a reduction in project revenue recognition[28] Inventory and Investment - The company’s inventory as of March 31, 2023, was approximately ¥96.13 billion, a marginal increase from ¥95.84 billion at the end of 2022[32] - The company reported a significant improvement in investment income, with losses narrowing to approximately ¥72.91 million from losses of ¥626.57 million in the previous year[36] - The company’s total cash outflow from investing activities was CNY 206,559,312.28, compared to CNY 13,132,370.40 in the previous year, reflecting increased investment activities[38] Earnings Per Share - The basic and diluted earnings per share were both CNY 0.0021[25] - The company’s basic earnings per share for Q1 2023 was ¥0.0021, compared to a loss per share of ¥0.51 in Q1 2022[37] - The weighted average return on net assets was 0.02%[25]