YT(SH:600692)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥282,302,341.88, representing a year-on-year increase of 7.48%[6] - The net profit attributable to shareholders was a loss of ¥19,509,515.55, a significant decline of 772.86% compared to the same period last year[6] - The basic earnings per share (EPS) was -¥0.0555, reflecting a decrease of 776.37% year-on-year[7] - Net loss for Q1 2023 was CNY 22,648,464.46, compared to a net profit of CNY 2,868,337.55 in Q1 2022, representing a significant decline[19] - The total equity attributable to shareholders decreased to CNY 906,893,729.74 in Q1 2023 from CNY 926,403,245.29 in Q1 2022, a decline of 2.7%[18] - The company's retained earnings decreased to CNY 220,979,168.55 from CNY 230,793,267.21, indicating a decline of approximately 4.9%[27] - The company's total comprehensive income for Q1 2023 was -9,814,098.66 RMB, reflecting the same loss as the net profit[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,348,883,444.04, an increase of 13.30% from the end of the previous year[7] - As of March 31, 2023, the total assets amounted to RMB 3,348,883,444.04, an increase from RMB 2,955,707,422.29 as of December 31, 2022, reflecting a growth of approximately 13.3%[15] - Current assets totaled RMB 2,702,424,638.79, up from RMB 2,309,790,369.33, indicating an increase of about 17.0% year-over-year[16] - The total liabilities were reported at RMB 2,702,424,638.79, reflecting a year-over-year increase[16] - The company's total liabilities increased to CNY 2,382,821,441.06 in Q1 2023 from CNY 1,966,996,954.85 in Q1 2022, reflecting a growth of 21.2%[18] - The total liabilities increased to CNY 605,296,865.30 from CNY 422,130,220.20, reflecting a rise of approximately 43.3%[27] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥455,090,255.47, a decline of 1,575.48% compared to the previous year[6] - Cash inflow from operating activities was CNY 703,850,602.13 in Q1 2023, compared to CNY 363,479,418.36 in Q1 2022, indicating a substantial increase[22] - The net cash flow from operating activities was negative at CNY -455,090,255.47, compared to a positive cash flow of CNY 30,843,605.46 in the previous year[24] - Total cash inflow from operating activities was 455,946,516.76 RMB, while cash outflow was 920,852,768.00 RMB, leading to a negative cash flow[32] - Cash flow from financing activities generated a net inflow of 135,176,020.83 RMB, compared to a net outflow of -1,499,487.50 RMB in the previous year[33] Inventory and Expenses - The company reported a significant increase in inventory by 76.06%, primarily due to the housing business in the Changxing 38 affordable housing project[10] - Total operating costs for Q1 2023 were CNY 301,726,099.11, up 17.4% from CNY 256,992,707.40 in Q1 2022[18] - The company reported an increase in sales expenses to CNY 879,473.06 in Q1 2023 from CNY 330,813.88 in Q1 2022, reflecting a strategic push in marketing efforts[18] - The company's management expenses for Q1 2023 were CNY 5,751,397.65, compared to CNY 4,399,989.21 in Q1 2022, marking an increase of about 30.8%[29] Future Outlook - The company plans to continue expanding its operations in the affordable housing sector, which is expected to drive future revenue growth[10] - The company is exploring market expansion opportunities, although specific new strategies or acquisitions were not disclosed in the report[19] - Research and development expenses were not explicitly detailed, but management indicated a focus on innovation and new product development[19] - The company has no significant new product launches or technological advancements mentioned in the reports[14]