EBJB(SH:600622)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 493.34 million, a decrease of 26.88% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 5.48 million, down 84.83% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -5.22 million, a decline of 124.19% compared to the previous year[6]. - The net cash flow from operating activities was CNY -5.46 million, indicating a negative cash flow situation[6]. - The company reported a basic and diluted earnings per share of CNY -0.00, reflecting a 100% decrease compared to the previous year[6]. - The weighted average return on net assets was 0.08%, a decrease of 0.43 percentage points year-on-year[6]. - Net profit for Q1 2023 was a loss of CNY 12,004,663.00, compared to a profit of CNY 16,717,108.28 in Q1 2022[25]. - The company reported an increase in investment income to CNY 32,976,138.73 in Q1 2023, compared to CNY 2,998,304.18 in Q1 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 30.01 billion, a decrease of 0.95% from the end of the previous year[7]. - The equity attributable to shareholders was CNY 7.05 billion, an increase of 0.07% compared to the end of the previous year[7]. - As of March 31, 2023, the company's total current assets amounted to approximately RMB 8.53 billion, a decrease of about 2% from RMB 8.71 billion on December 31, 2022[21]. - The company's cash and cash equivalents were reported at approximately RMB 2.71 billion, down from RMB 2.74 billion at the end of 2022, indicating a decline of around 0.7%[21]. - The company's inventory decreased to approximately RMB 3.83 billion from RMB 3.91 billion, reflecting a reduction of about 1.5%[21]. - The total non-current assets were valued at approximately RMB 19.03 billion, slightly down from RMB 19.07 billion at the end of 2022[21]. - Total assets decreased to CNY 30,014,589,213.92 from CNY 30,301,472,032.28, a decline of 0.95%[23]. - Total liabilities decreased to CNY 20,975,244,036.82 from CNY 21,193,511,874.43, a reduction of 1.03%[23]. Cash Flow - The company's cash flow from operating activities showed a significant decline, impacting overall liquidity[26]. - In Q1 2023, the company's cash inflow from operating activities was CNY 488.92 million, a decrease of 33.5% compared to CNY 735.33 million in Q1 2022[27]. - The net cash flow from operating activities was negative CNY 5.46 million, an improvement from negative CNY 112.17 million in the same period last year[27]. - Cash inflow from investment activities totaled CNY 67.54 million, up 70.5% from CNY 39.68 million in Q1 2022[27]. - The net cash flow from investment activities was negative CNY 16.15 million, compared to negative CNY 104.83 million in Q1 2022[27]. - Cash inflow from financing activities reached CNY 1.38 billion, significantly higher than CNY 395.60 million in Q1 2022[28]. - The net cash flow from financing activities was negative CNY 6.79 million, an improvement from negative CNY 143.07 million in the previous year[28]. - The company's cash and cash equivalents at the end of Q1 2023 were CNY 2.71 billion, down from CNY 4.15 billion at the end of Q1 2022[28]. - The total cash outflow for operating activities was CNY 494.38 million, a decrease of 41.7% from CNY 847.50 million in Q1 2022[27]. - The company reported a significant increase in cash received from borrowings, totaling CNY 1.38 billion, compared to CNY 395.60 million in the previous year[28]. Business Operations - The real estate development business saw a significant drop in revenue, impacting net profit and earnings per share metrics[8]. - The company managed 36 projects with a total management scale of CNY 45.49 billion in its real estate asset management business[9]. - The company completed the full repayment of its RMB 10.53 billion bond principal and interest on January 28, 2023[15]. - The company signed a three-year related party transaction agreement effective from January 1, 2023, with a total value yet to be disclosed[17]. - The company extended a financial assistance agreement for RMB 10.53 billion with Guang控江苏, which was approved by the shareholders' meeting[18]. - The company has a pending lawsuit involving a compensation claim of RMB 20 million related to a contract dispute[20]. - The company reported a decrease in trading financial assets from RMB 189 million to RMB 123 million, a decline of approximately 34.8%[21]. - The company’s long-term equity investments were valued at approximately RMB 5.56 billion, a slight decrease from RMB 5.59 billion[21]. - The company did not report any new product launches or major strategic initiatives during the quarter[30]. - The company plans to focus on market expansion and new product development in the upcoming quarters[26].