SID(SH:600748)2022-06-10 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥984,857,147.30, a decrease of 38.08% compared to ¥1,590,425,678.76 in the same period last year[8] - The net profit attributable to shareholders of the listed company was -¥9,321,216.68, representing a decline of 105.13% from ¥182,002,670.76 in the previous year[8] - Net profit for Q1 2022 was -¥19,492,902.83, compared to a net profit of ¥179,770,617.40 in Q1 2021, indicating a significant decline[39] - The company's operating profit for Q1 2022 was ¥11,592,118.91, a decrease from ¥244,976,329.38 in Q1 2021[39] - Total operating costs for Q1 2022 were ¥973,002,121.48, down 27.4% from ¥1,341,525,958.52 in Q1 2021[36] - The company reported a financial expense of ¥23,978,931.14 in Q1 2022, significantly higher than ¥5,985,609.66 in Q1 2021[36] Cash Flow - The net cash flow from operating activities was -¥810,663,635.81, an improvement of 72.66% compared to -¥2,964,718,249.98 in the same period last year[8] - Cash inflow from operating activities totaled 1,340,292,232.50 RMB in Q1 2022, down 48.3% from 2,589,936,867.54 RMB in Q1 2021[40] - Cash outflow from operating activities was 2,150,955,868.31 RMB in Q1 2022, resulting in a net cash flow of -810,663,635.81 RMB, compared to -2,965,019,928.92 RMB in Q1 2021[40] - Cash inflow from investing activities was 93,035,495.15 RMB in Q1 2022, a decrease of 81.8% from 511,706,510.00 RMB in Q1 2021[42] - Cash inflow from financing activities increased to 2,863,179,761.91 RMB in Q1 2022, up 13.5% from 2,523,284,438.40 RMB in Q1 2021[42] - The company reported a net increase in cash and cash equivalents of -123,808,482.51 RMB for Q1 2022, compared to -1,538,358,862.26 RMB in Q1 2021[42] Assets and Liabilities - Total assets at the end of the reporting period were ¥40,003,884,974.10, an increase of 1.09% from ¥39,574,493,270.22 at the end of the previous year[8] - The total liabilities increased to ¥28,900,336,460.22 in Q1 2022 from ¥28,451,444,215.24 in Q1 2021, reflecting a rise of 1.6%[32] - The equity attributable to shareholders of the listed company was ¥10,014,703,818.05, a slight decrease of 0.09% from ¥10,024,030,365.08 at the end of the previous year[8] - The company's non-current assets totaled approximately RMB 5.85 billion, slightly down from RMB 5.88 billion, reflecting a decrease of about 0.43%[30] - The company reported a total current liabilities of approximately RMB 5.70 billion, an increase from RMB 5.59 billion, indicating a growth of about 1.96%[30] Accounts Receivable and Inventory - Accounts receivable increased by 40.71% due to an increase in uncollected property fees[14] - Accounts receivable increased to approximately RMB 221.17 million, up from RMB 157.18 million, indicating a growth of approximately 40.67%[26] - The company's inventory rose to approximately RMB 22.31 billion, compared to RMB 21.98 billion, marking an increase of about 1.50%[26] Other Financial Metrics - The weighted average return on net assets decreased by 1.75 percentage points to 1.66% compared to the previous year[8] - Basic earnings per share for Q1 2022 were -0.01 RMB, compared to 0.09 RMB in Q1 2021[40] - The company received tax refunds of 16,697,514.66 RMB in Q1 2022, significantly higher than 567,239.35 RMB in Q1 2021[40] Internal Investigations and Future Plans - The company has initiated an internal investigation regarding potential fraudulent transactions by senior management at its subsidiary, which may impact financial reporting[22] - The company plans to invest RMB 4.8 billion in a joint venture for the development of state-owned land use rights in Hongkou District, Shanghai[23]