Gemdale(SH:600383)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was approximately ¥13.35 billion, representing an increase of 82.18% compared to the same period last year[4]. - Net profit attributable to shareholders was approximately ¥626.05 million, reflecting a year-on-year increase of 10.82%[4]. - The total profit for Q1 2022 was CNY 992,289,574.46, down 10.7% from CNY 1,111,651,891.60 in Q1 2021[21]. - Operating profit for Q1 2022 was CNY 996,840,117.76, a decrease of 8.5% compared to CNY 1,089,917,758.64 in Q1 2021[21]. - The total comprehensive income for Q1 2022 was CNY 702,258,921.30, down from CNY 1,033,517,907.98 in Q1 2021[21]. - The company's net profit attributable to shareholders for Q1 2022 was CNY 54,369,838,540.77, compared to CNY 53,743,787,722.20 in Q1 2021, reflecting a growth of about 1.2%[18]. - The total profit for Q1 2022 was a loss of ¥33,761,387.76, compared to a profit of ¥40,079,499.79 in Q1 2021[29]. - The net profit for Q1 2022 was a loss of ¥20,245,993.85, while in Q1 2021, it was a profit of ¥30,148,399.45[29]. Cash Flow - The net cash flow from operating activities was negative at approximately -¥182.73 million, indicating a significant change from the previous year[4]. - Cash flow from operating activities in Q1 2022 was ¥2,677,389,972.57, a significant improvement from a negative cash flow of ¥2,558,150,803.88 in Q1 2021[30]. - Total cash inflow from operating activities for Q1 2022 was ¥17,426,287,357.50, compared to ¥16,471,300,582.58 in Q1 2021[30]. - Cash flow from investing activities in Q1 2022 resulted in a net outflow of ¥1,046,156,467.73, slightly worse than the outflow of ¥1,008,964,867.83 in Q1 2021[30]. - Cash flow from financing activities in Q1 2022 showed a net outflow of ¥206,957,188.61, contrasting with a net inflow of ¥6,801,647,776.63 in Q1 2021[31]. Assets and Liabilities - The total assets at the end of Q1 2022 were approximately ¥468.42 billion, a slight increase of 1.21% from the end of the previous year[5]. - Total liabilities increased to CNY 356,538,018,646.70 in Q1 2022 from CNY 352,602,677,703.45 in Q1 2021, indicating a rise of approximately 1.1%[18]. - The total assets of the company as of Q1 2022 amounted to CNY 468,415,613,829.61, compared to CNY 462,809,510,230.22 in the previous year, showing a growth of about 1.3%[19]. - The total liabilities as of March 31, 2022, were CNY 193.29 billion, up from CNY 189.43 billion, indicating a growth of approximately 2.0%[26]. Investments and Projects - The company acquired 6 new real estate projects in Q1 2022, with a total investment of approximately ¥7.8 billion and an equity investment of about ¥3.2 billion[9]. - The newly added land reserve in Q1 2022 was 540,000 square meters, with an equity land reserve of 220,000 square meters[9]. - The total area of new construction completed in Q1 2022 was approximately 1.48 million square meters, a decrease of 49% year-on-year[10]. - The total signed area for real estate in Q1 2022 was 183 square meters, down 38% year-on-year, with a signed amount of approximately ¥45.5 billion, a decrease of 34%[10]. Operational Efficiency and Strategy - The company plans to expand its market presence and enhance its product offerings through new technology development and strategic acquisitions[14]. - The company is focusing on enhancing its operational efficiency and exploring new business strategies to drive future growth[14]. - The company appointed a new senior vice president to strengthen its leadership team[15]. Research and Development - Research and development expenses increased to CNY 35,428,297.80 in Q1 2022, up from CNY 11,366,292.54 in Q1 2021, marking an increase of approximately 211.5%[20]. - Research and development expenses surged to CNY 23.21 million in Q1 2022, compared to CNY 0.72 million in Q1 2021, marking an increase of over 3,100%[28].