津投城开(600322) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 182,306,822.12, representing a year-on-year increase of 32.62%[4] - The net profit attributable to shareholders was CNY -209,353,581.31, a decrease of 515.89% compared to the same period last year[4] - The net cash flow from operating activities was CNY -14,689,030.78, reflecting a decline of 103.77% year-on-year[4] - The basic and diluted earnings per share were both CNY -0.1893, a decrease of 516.61% compared to the previous year[4] - The significant decline in net profit was mainly attributed to increased financial expenses due to a reduction in capitalized interest on construction projects[7] - The net loss for Q1 2022 was CNY 202,449,136.83, compared to a net loss of CNY 35,805,299.22 in Q1 2021, reflecting a deterioration in financial performance[20] - The company reported an operating profit of CNY -196,902,442.40 for Q1 2022, compared to CNY -34,963,792.19 in Q1 2021, indicating a worsening operational performance[20] - The total comprehensive income for Q1 2022 was -209,353,581.31 CNY, compared to -33,991,839.92 CNY in Q1 2021, indicating a significant decline[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,758,666,848.76, down 0.84% from the end of the previous year[5] - The company's total liabilities as of Q1 2022 amounted to CNY 17,907,943,540.33, slightly up from CNY 17,863,788,365.61 in the previous year[17] - The total equity attributable to shareholders of the parent company decreased to CNY 280,842,187.19 from CNY 490,195,768.50 year-over-year[17] - The company reported a total current liability of RMB 5,345,000,000.00, with contract liabilities amounting to RMB 3,608,246,907.23[15] - The company's short-term borrowings increased to RMB 372,774,614.00 from RMB 285,021,106.00, marking an increase of approximately 30.7%[15] Cash Flow - Cash and cash equivalents decreased to RMB 418,007,518.20 from RMB 641,970,401.78, reflecting a decline of about 34.9%[14] - Cash inflow from operating activities totaled 526,449,949.75 CNY in Q1 2022, down 46.5% from 985,245,564.90 CNY in the same period last year[22] - Cash outflow from operating activities was 541,138,980.53 CNY in Q1 2022, compared to 595,902,681.62 CNY in Q1 2021, reflecting a decrease of 9.2%[22] - The company reported a cash balance of 398,946,706.58 CNY at the end of Q1 2022, down from 474,997,458.14 CNY at the end of Q1 2021[22] - The company raised 219,900,000.00 CNY through borrowings in Q1 2022, an increase from 134,950,000.00 CNY in Q1 2021[22] - Total cash outflow from financing activities was 379,617,191.53 CNY in Q1 2022, down 52.9% from 804,445,325.56 CNY in Q1 2021[22] - The net cash flow from financing activities was -159,717,191.53 CNY in Q1 2022, compared to -669,495,325.56 CNY in Q1 2021, indicating an improvement[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 105,912[9] - Shareholders' equity attributable to the company was CNY 280,842,187.19, a decrease of 42.71% from the previous year[5] Operational Insights - The increase in operating revenue was primarily due to a higher volume of projects recognized for revenue during the reporting period[7] - Total operating costs for Q1 2022 reached CNY 375,148,240.97, significantly higher than CNY 172,340,952.07 in Q1 2021, indicating an increase of about 117.5%[19] - Financial expenses for Q1 2022 were CNY 171,456,533.40, a significant increase from a negative CNY 209,218.07 in Q1 2021, primarily due to interest expenses[19] Inventory and Investments - The company’s inventory stood at RMB 15,593,317,274.17 as of March 31, 2022, compared to RMB 15,465,359,502.09 at the end of 2021, indicating a slight increase of approximately 0.83%[15] - The company’s long-term equity investments were valued at RMB 389,053,180.42, a slight decrease from RMB 393,168,594.41 at the end of 2021[15] - The company’s total non-current assets amounted to RMB 1,982,518,097.45, down from RMB 2,019,200,602.31 at the end of 2021, reflecting a decrease of approximately 1.81%[15] - The company’s other receivables increased to RMB 46,489,233.55 from RMB 26,327,675.36, showing a significant increase of approximately 76.6%[15] Corporate Actions - The company completed the issuance of corporate bonds amounting to RMB 750 million with a coupon rate of 7.0% on April 22, 2022[12] - The company is in the process of transferring 60% equity of its subsidiary Tianjin Tianji Real Estate Development Co., Ltd., with a starting price of RMB 299,157,360, but the final transaction price remains uncertain[11] - The company has not disclosed any new product developments or market expansion strategies in the current report[19]