华远地产(600743) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 146,296.15 million, representing a year-on-year increase of 57.32%[4] - The net profit attributable to shareholders of the listed company was CNY -8,511.52 million, with a decrease in gross margin from real estate development projects contributing to the loss[6] - The company reported a net loss of ¥94,529,157.92 for Q1 2023, compared to a net loss of ¥57,853,366.30 in Q1 2022, reflecting a worsening of approximately 63.4%[17] - The company's net profit for Q1 2023 was reported at -¥3,059,991.23, compared to -¥1,593,219.95 in Q1 2022, indicating a worsening of approximately 92.06% year-over-year[28] - The total comprehensive income for Q1 2023 was -94,275,564.59 RMB, compared to -67,109,256.80 RMB in Q1 2022, reflecting a decline in overall financial performance[18] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 73,432.27 million, attributed to increased sales collections and reduced cost expenditures[6] - The company reported a net cash flow from operating activities of 734,322,678.32 RMB in Q1 2023, a significant improvement from -18,495,614.28 RMB in Q1 2022[19] - The company's cash and cash equivalents increased to ¥5,611,391,222.95 as of March 31, 2023, from ¥5,468,473,633.69 at the end of 2022, marking a growth of approximately 2.6%[11] - Cash and cash equivalents at the end of Q1 2023 stood at ¥1,160,308.98, down from ¥193,836,134.39 at the end of Q1 2022, a decline of approximately 99.40%[32] - The company incurred a total cash outflow from financing activities of 1,409,120,817.59 RMB in Q1 2023, compared to 2,871,788,449.03 RMB in Q1 2022, showing a reduction in financing costs[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,431,789.97 million, a slight decrease of 0.33% compared to the end of the previous year[4] - Total liabilities as of March 31, 2023, were ¥38,497,630,980.07, compared to ¥38,182,714,684.42 at the end of 2022, showing an increase of about 0.8%[13] - The company's inventory decreased to ¥31,799,432,904.85 as of March 31, 2023, from ¥32,087,809,044.47 at the end of 2022, a decline of about 0.9%[12] - Total current liabilities remained at CNY 27,234,567,845.71, indicating stability in short-term obligations[36] - Total liabilities amounted to CNY 38,275,584,633.70, reflecting a slight increase of CNY 92,869,949.28[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,287[8] - The largest shareholder, Beijing Huayuan Group Co., Ltd., holds 46.40% of the shares, with 420 million shares pledged[8] - Shareholders' equity attributable to shareholders of the listed company decreased by 6.88% to CNY 614,685.68 million[4] - The company’s equity attributable to shareholders decreased to ¥6,146,856,764.13 as of March 31, 2023, from ¥6,601,016,797.83 at the end of 2022, a decline of about 6.9%[13] Operational Efficiency - Total operating costs for Q1 2023 were ¥1,551,941,367.11, up from ¥997,812,338.80 in Q1 2022, indicating an increase of about 55.5%[17] - The company's financial expenses for Q1 2023 were ¥28,769,330.33, compared to ¥14,248,093.91 in Q1 2022, reflecting an increase of approximately 102.5%[17] - Management expenses increased significantly to ¥2,201,772.63 in Q1 2023 from ¥947,452.83 in Q1 2022, marking an increase of about 132.66%[28] - Financial expenses for Q1 2023 were reported at ¥868,373.95, up from ¥669,110.87 in Q1 2022, indicating an increase of approximately 29.73%[28] Investment Activities - The total cash inflow from investing activities was 14,342,884.43 RMB in Q1 2023, compared to 8,618,739.11 RMB in Q1 2022, indicating an increase in investment returns[20] - The company reported a decrease in cash and cash equivalents by 71,546,497.85 RMB in Q1 2023, compared to a decrease of 1,927,552,425.17 RMB in Q1 2022[20] Market and Product Development - The company did not report any new product developments or market expansion strategies during this quarter[6]