GZPR(SH:600684)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥2,113,283,791.21, representing a significant increase of 469.19% compared to ¥371,281,920.92 in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥51,121,390.21, an improvement from a loss of ¥131,200,906.10 in the previous year[5]. - The company reported a basic and diluted earnings per share of -¥0.06, compared to -¥0.15 in the same period last year[6]. - The net profit for Q1 2023 was -3,600,200.53 RMB, an improvement from -126,607,142.91 RMB in Q1 2022[28]. - The total profit for Q1 2023 was 25,101,764.83 RMB, compared to a loss of -119,280,535.34 RMB in the same period last year[28]. - Operating profit for Q1 2023 was 23,935,357.07 RMB, a significant recovery from a loss of -119,811,779.60 RMB in Q1 2022[28]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥63,844,036.15, compared to an inflow of ¥29,840,029.07 in the same period last year[6]. - Cash flow from operating activities for Q1 2023 was -63,844,036.15 RMB, an improvement from -118,575,794.80 RMB in Q1 2022[31]. - Cash inflow from investment activities in Q1 2023 was 1,069,339,173.56 RMB, compared to 29,530,235.77 RMB in Q1 2022[31]. - Cash outflow from investment activities in Q1 2023 was 1,527,561,998.12 RMB, significantly higher than 42,381,874.19 RMB in Q1 2022[31]. - The net cash flow from financing activities in Q1 2023 was -1,509,935,799.37 RMB, compared to a positive flow of 105,944,820.57 RMB in Q1 2022[31]. Assets and Liabilities - Total assets decreased by 88.07% to ¥3,847,943,589.50 due to asset restructuring and the disposal of certain assets[12]. - Total liabilities decreased to ¥3,360,980,915.77 from ¥30,025,840,000.26, a reduction of approximately 88.8%[24]. - Cash and cash equivalents decreased to ¥993,061,104.67 as of March 31, 2023, down from ¥3,057,535,347.57 at the end of 2022, a decline of approximately 67.5%[22]. - The company’s long-term equity investments decreased to ¥140,570,125.89 from ¥298,848,075.76, a decline of approximately 52.9%[23]. - The total equity decreased from CNY 677.96 million at the end of 2022 to CNY 457.68 million by March 31, 2023, a decline of approximately 32.5%[34]. Revenue and Costs - The company's operating costs for Q1 2023 amounted to 581.98 million, reflecting an increase due to higher revenue from property deliveries compared to the same period last year[13]. - Total operating costs for Q1 2023 were ¥2,096,878,912.18, compared to ¥487,864,715.29 in Q1 2022, indicating an increase of about 330.5%[27]. - Tax expenses reached 243.66 million, also increasing in line with the rise in property delivery revenue[13]. - The company attributed the increase in operating revenue to the delivery of properties from the Pearl River Cloud Garden project[12]. Shareholder Information - The company has 40,158 common shareholders as of the end of the reporting period[15]. - The largest shareholder, Guangzhou Zhujiang Industrial Group Co., Ltd., holds 31.10% of the shares, totaling 265,409,503 shares[16]. Asset Management and Investments - The company completed the acquisition of 100% of Guangzhou Pearl River Urban Management Service Group Co., Ltd., which is under the same controlling shareholder, in March 2023[7]. - Non-recurring gains and losses totaled ¥5,643,300.83 for the period, with significant contributions from government subsidies and asset disposals[11]. - The company is engaged in a significant asset swap with Guangzhou Zhujiang Industrial Group, involving the exchange of 100% equity in a city management service group[17]. - The company has received approvals for its major asset swap and related transactions from relevant authorities[19]. Changes in Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose to ¥296,490,928.94 from ¥271,887,104.12, an increase of about 9.0%[22]. - The company reported a significant decrease in other receivables from CNY 6.26 billion at the end of 2022 to CNY 1.94 billion by March 31, 2023, a decline of approximately 69.0%[32]. - The company’s inventory increased to ¥106,647,243.28 from ¥23,133,875,144.10, indicating a significant change in inventory management[22]. Future Outlook - The company plans to focus on new product development and market expansion strategies to improve future performance[27].