BCDC(SH:600376)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 3,635,164,488.61, representing a year-on-year increase of 54.91%[5] - The net profit attributable to shareholders was a loss of CNY 944,701,212.22, with no applicable percentage change due to the nature of the loss[5] - Operating income for Q1 2023 was reported at -¥717,943,300.58, compared to -¥580,281,325.59 in Q1 2022, indicating a decline in profitability[22] - The company reported a net loss of approximately ¥958.94 million in Q1 2023, compared to a net loss of ¥334.86 million in Q1 2022, indicating a significant increase in losses year-over-year[23] - The company reported a total comprehensive loss of approximately ¥960.01 million in Q1 2023, compared to a loss of ¥335.25 million in Q1 2022[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 283,411,439,316.20, reflecting a 1.84% increase from the end of the previous year[6] - The company's total assets increased to ¥283,411,439,316.20 in Q1 2023, up from ¥278,295,598,180.99 in Q1 2022[21] - Total liabilities rose to ¥220,210,614,900.69 in Q1 2023, compared to ¥211,263,747,293.58 in Q1 2022, reflecting a growth of 4.5%[20] - The company’s contract liabilities increased to ¥51,338,496,174.80 in Q1 2023, compared to ¥47,279,297,255.83 in Q1 2022, reflecting a growth of 4.3%[20] Shareholder Information - The equity attributable to shareholders decreased by 9.79% to CNY 25,091,773,131.88 compared to the previous year-end[6] - The company's equity attributable to shareholders decreased to ¥25,091,773,131.88 in Q1 2023 from ¥27,813,942,400.05 in Q1 2022, a decline of 9.8%[20] - Total number of common shareholders at the end of the reporting period was 36,549[9] - The company has a significant number of major shareholders, with Beijing Capital Development Holding (Group) Co., Ltd. holding 47.12% of shares[9] Cash Flow - The net cash flow from operating activities was CNY 1,456,902,669.16, with no applicable percentage change reported[5] - The net cash flow from operating activities improved to approximately ¥1.46 billion in Q1 2023, compared to a negative cash flow of -¥3.36 billion in Q1 2022[24] - Cash and cash equivalents as of March 31, 2023, amounted to approximately 24.66 billion RMB, up from 20.53 billion RMB as of December 31, 2022[18] - Cash and cash equivalents at the end of Q1 2023 totaled approximately ¥24.33 billion, an increase from ¥30.42 billion at the end of Q1 2022[25] - The company raised approximately ¥1.34 billion through investment absorption in Q1 2023, with total cash inflow from financing activities reaching approximately ¥15.72 billion[25] Operating Costs and Expenses - Operating costs increased by 90.22% compared to the same period last year, attributed to an increase in project settlements[7] - Total operating costs for Q1 2023 were ¥4,353,107,789.19, up 48.8% from ¥2,926,842,461.79 in Q1 2022[22] - Research and development expenses for Q1 2023 were ¥1,595,024.71, indicating a new investment in innovation[22] Real Estate Operations - The company achieved a total investment of 109.49 million square meters in real estate projects during the reporting period[12] - The total area sold (including pre-sold) was 74.19 million square meters, representing a year-on-year increase of 16.54%[14] - The total area of properties completed during the reporting period was 53.63 million square meters[12] - The total area under construction was 1,446.23 million square meters[12] Strategic Initiatives - The company plans to continue expanding its market presence and enhance its product offerings in the upcoming quarters[10] - The company is actively involved in strategic investments and partnerships to drive growth and innovation[10] Other Financial Metrics - The company's basic and diluted earnings per share were both -0.3786 yuan, with no applicable percentage change due to the loss[6] - The weighted average return on net assets was -4.03%, indicating a decline in profitability[6] - Interest income decreased by 53.50% due to adjustments in the interest collection from certain joint ventures[7] - The company reported an investment loss of -¥172,445,718.07 in Q1 2023, compared to a gain of ¥270,185,424.40 in Q1 2022[22] - The company experienced a significant decrease in cash outflows related to operating activities, which totaled approximately ¥11.19 billion in Q1 2023, down from ¥20.61 billion in Q1 2022[24]