GHWL(SH:600603)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥204,127,062.23, a decrease of 71.13% compared to ¥706,881,972.28 in the same period last year[6]. - Net profit attributable to shareholders was ¥51,870,075.30, down 66.21% from ¥154,737,104.72 year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥18,457,893.92, a decline of 87.51% compared to ¥148,988,842.60 in the previous year[6]. - The basic earnings per share decreased by 69.23% to ¥0.04 from ¥0.13 in the same period last year[9]. - The diluted earnings per share also fell by 69.23% to ¥0.04 from ¥0.13 year-on-year[9]. - Operating profit for Q1 2022 was CNY 68,502,160.71, compared to CNY 203,958,409.65 in Q1 2021, indicating a decline of 66.4%[39]. - Net profit for Q1 2022 was CNY 68,861,681.51, down from CNY 205,143,016.29 in Q1 2021, reflecting a decrease of 66.5%[39]. - The total comprehensive income for Q1 2022 was approximately ¥51.74 million, down from ¥156.84 million in Q1 2021, indicating a decrease of approximately 67.0%[40]. Cash Flow - The net cash flow from operating activities was ¥163,510,767.67, a significant improvement from a negative cash flow of -¥365,022,386.73 in the previous year[9]. - Cash inflows from operating activities in Q1 2022 totaled approximately ¥767.36 million, down from ¥1,145.74 million in Q1 2021, a decrease of about 33.0%[44]. - Cash outflows from operating activities in Q1 2022 were approximately ¥603.85 million, compared to ¥1,511.33 million in Q1 2021, indicating a reduction of about 60.0%[44]. - The net cash flow from operating activities for Q1 2022 was approximately ¥163.51 million, a significant improvement from a net outflow of ¥365.59 million in Q1 2021[44]. - Cash inflows from investing activities in Q1 2022 were approximately ¥461.93 million, while cash outflows were about ¥45.99 million, resulting in a net cash outflow of approximately ¥46.00 million, compared to a net inflow of ¥403.53 million in Q1 2021[46]. - Cash inflows from financing activities in Q1 2022 totaled approximately ¥149.00 million, a slight decrease from ¥159.72 million in Q1 2021[46]. - The net cash flow from financing activities for Q1 2022 was approximately -¥111.34 million, an improvement from -¥207.07 million in Q1 2021[46]. - The ending cash and cash equivalents balance for Q1 2022 was approximately ¥1.45 billion, compared to ¥2.08 billion at the end of Q1 2021, reflecting a decrease of about 30.5%[46]. Assets and Liabilities - Total assets at the end of the reporting period were ¥15,100,806,111.44, an increase of 1.24% from ¥14,916,393,362.19 at the end of the previous year[9]. - Total liabilities rose to CNY 9,012,118,545.31 in Q1 2022, compared to CNY 8,879,446,502.93 in Q1 2021, an increase of 1.5%[35]. - Non-current assets totaled CNY 6,968,516,117.80 in Q1 2022, up from CNY 6,939,865,813.01 in Q1 2021, a rise of 0.4%[35]. - Current liabilities increased to CNY 7,258,314,596.95 in Q1 2022 from CNY 7,010,347,267.27 in Q1 2021, representing a growth of 3.5%[35]. - The company held a total of 8,132,289,993.64 RMB in current assets as of March 31, 2022, an increase from 7,976,527,549.18 RMB as of December 31, 2021, reflecting a growth of approximately 1.96%[30]. - The company's cash and cash equivalents amounted to 1,838,494,571.88 RMB as of March 31, 2022, compared to 1,820,193,943.95 RMB at the end of 2021, indicating a slight increase of about 1%[30]. - The inventory value reached 5,332,020,088.28 RMB as of March 31, 2022, up from 5,189,573,131.74 RMB at the end of 2021, representing an increase of approximately 2.74%[30]. - The company reported accounts receivable of 352,960,093.75 RMB as of March 31, 2022, a decrease from 394,253,000.21 RMB at the end of 2021, which is a decline of about 10.5%[30]. - The company reported a decrease in other receivables to 88,000,203.30 RMB as of March 31, 2022, down from 98,357,229.96 RMB at the end of 2021, reflecting a decline of approximately 10.3%[30]. Shareholder Actions - The company completed the repurchase and cancellation of 3,918,000 restricted shares and stock options in April 2022, as part of its strategy to manage equity compensation[20]. - The company plans to reduce shares held by major shareholders, with a maximum of 12,569,500 shares (1% of total shares) to be sold between March 14 and June 11, 2022[21]. Project Developments - The company has ongoing real estate projects with new signed areas totaling 9,077.00 square meters and a new contract amount of 129,071,904.00 RMB for the Guanghui Yuyuan project[27]. - The company is involved in a land development project in Urumqi, with a total area of 38,566.75 square meters and a planned construction area of 99,753.94 square meters, holding a 60% interest in the project[26]. - The company has agreed to change the payment method for part of the equity transfer related to its subsidiary, allowing for a debt extension arrangement of 910 million RMB[25]. Revenue and Cost Analysis - Total revenue for Q1 2022 was CNY 204,127,062.23, a decrease of 71.1% compared to CNY 706,976,826.68 in Q1 2021[35]. - Total operating costs for Q1 2022 were CNY 195,787,861.49, down from CNY 506,998,355.02 in Q1 2021, representing a 61.4% reduction[39]. - The significant decline in revenue and profit was mainly attributed to a decrease in property sales during the reporting period[12].