GZPR(SH:600684)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥77,898,661.99, a decrease of 95.57% compared to the same period last year[5] - The net profit attributable to shareholders was -¥131,200,906.10, representing a decline of 135.78% year-on-year[5] - The basic earnings per share were -¥0.15, down 134.88% from the previous year[6] - Net profit for Q1 2022 was CNY -143.56 million, a significant decline from CNY 352.21 million in Q1 2021, representing a decrease of 140.8%[24] - Operating revenue for Q1 2022 was CNY 77.90 million, down from CNY 1.76 billion in Q1 2021, a decrease of 95.6%[23] - Total operating costs for Q1 2022 were CNY 218.03 million, compared to CNY 1.27 billion in Q1 2021, a reduction of 82.9%[24] - The total comprehensive income for Q1 2022 was -143,560,613.71 RMB, compared to 352,214,423.56 RMB in Q1 2021[25] - Basic and diluted earnings per share for Q1 2022 were both -0.15 RMB, down from 0.43 RMB in Q1 2021[25] Cash Flow and Liquidity - The net cash flow from operating activities was ¥29,840,029.07, a decrease of 77.78% compared to the same period last year[5] - Cash inflow from operating activities in Q1 2022 was 1,080,210,344.49 RMB, a decrease of 9.5% from 1,194,686,718.28 RMB in Q1 2021[28] - Cash outflow from investing activities in Q1 2022 was 5,834,000.13 RMB, compared to 8,514,890.20 RMB in Q1 2021[28] - Net cash flow from financing activities in Q1 2022 was 105,589,905.35 RMB, a significant improvement from -1,416,956,387.46 RMB in Q1 2021[29] - The cash and cash equivalents at the end of Q1 2022 were 3,681,323,868.58 RMB, an increase from 3,065,286,993.25 RMB at the end of Q1 2021[29] - The net increase in cash and cash equivalents for Q1 2022 was $238.81 million, contrasting with a decrease of $1.13 billion in Q1 2021[38] - The ending balance of cash and cash equivalents as of Q1 2022 was $733.85 million, up from $547.25 million at the end of Q1 2021, reflecting a year-over-year increase of 33.9%[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥34,407,475,924.47, an increase of 3.62% from the end of the previous year[6] - Total liabilities rose to CNY 30.70 billion, up from CNY 29.35 billion, indicating an increase of 4.59%[22] - The company's equity attributable to shareholders decreased to CNY 2.04 billion from CNY 2.17 billion, a decline of 5.9%[22] - The total equity decreased to CNY 1,057,226,167.23 as of March 31, 2022, down from CNY 1,179,676,355.91 at the end of 2021, a decline of 10.3%[34] Investment and Projects - The company reported a significant increase in prepayments by 187.64%, attributed to advance payments for real estate development projects[9] - The company experienced a 313.46% increase in advance receipts, reflecting higher rental prepayments compared to the end of the previous year[9] - The total land area for ongoing projects is 688,688.26 square meters, with a planned investment of 3,652,650.57 million RMB and actual investment during the reporting period of 61,219.69 million RMB[15] - The total area available for sale across various projects is 3,661,571.30 square meters, with sales of 24,566.73 square meters recorded in the first quarter[17] - The ongoing project "珠江云上花园" has a total building area of 738,930.00 square meters, with an actual investment of 13,168.25 million RMB during the reporting period[15] - The remaining saleable area for "珠江云上花园" is 308,543.41 square meters, with 6,410.44 square meters sold in the first quarter[17] - The project "时光雅苑" has a total area of 189,247.38 square meters, with 8,210.76 square meters sold in the first quarter[17] - The project "长沙珠江悦界商业中心" has a total area of 339,076.45 square meters, with an actual investment of 8,162.83 million RMB[15] - The company is actively expanding its real estate portfolio with several projects under construction across different regions[15] Financial Ratios and Changes - The company's long-term equity investments as of March 31, 2022, were 4,324,724,710.70 RMB, compared to 4,274,917,689.61 RMB at the end of 2021[31] - The company's long-term borrowings increased to CNY 888,345,763.00 from CNY 649,915,207.44, reflecting a rise of 36.7%[34] - The company's financial expenses for Q1 2022 were CNY 96.49 million, slightly down from CNY 98.72 million in Q1 2021, a decrease of 2.3%[24] - The company's financial expenses in Q1 2022 were CNY 116,408,928.75, up from CNY 86,781,063.08 in Q1 2021, representing a 34.1% increase[35] - The company reported a decrease in investment income, with losses of CNY 87,378.91 in Q1 2022 compared to losses of CNY 5,496,851.24 in Q1 2021[36]