Trendzone(SH:603030)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥495,347,960.80, representing a decrease of 45.07% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥13,280,776.94, a decline of 150.53% year-on-year[5]. - Total revenue for Q1 2022 was CNY 495.35 million, a decrease of 45.0% compared to CNY 901.71 million in Q1 2021[17]. - Net loss for Q1 2022 was CNY 12.74 million, compared to a net profit of CNY 32.62 million in Q1 2021, indicating a significant decline in profitability[18]. - Total comprehensive income for Q1 2022 was -17,724,054.84 RMB, down from 26,978,446.02 RMB in the same period last year[19]. - Basic earnings per share were -¥0.02, reflecting a decrease of 140.00% compared to the same period last year[6]. - Basic and diluted earnings per share for Q1 2022 were both -0.02 RMB, compared to 0.05 RMB in Q1 2021[19]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥5,325,960.14, down 98.32% from the previous year, impacted by project delays due to the pandemic[5][8]. - Operating cash flow for Q1 2022 was -5,325,960.14 RMB, an improvement from -317,376,563.63 RMB in Q1 2021[22]. - Cash inflow from operating activities totaled 885,455,178.91 RMB, compared to 1,335,188,328.61 RMB in Q1 2021, reflecting a decrease of approximately 33.6%[22]. - Cash outflow from operating activities was 890,781,139.05 RMB, down from 1,652,564,892.24 RMB in the previous year, showing a reduction of about 46.1%[22]. - Cash and cash equivalents decreased to CNY 594.52 million as of March 31, 2022, from CNY 874.65 million at the end of 2021, a decline of 32.0%[13]. - The ending cash and cash equivalents balance for Q1 2022 was 144,400,778.96 RMB, down from 315,017,481.97 RMB at the end of Q1 2021[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,845,437,397.10, a decrease of 4.73% from the end of the previous year[6]. - Total assets as of March 31, 2022, were CNY 8.85 billion, down from CNY 9.28 billion at the end of 2021, reflecting a decrease of 4.7%[15]. - Total liabilities decreased to CNY 7.43 billion as of March 31, 2022, from CNY 7.83 billion at the end of 2021, a reduction of 5.0%[15]. - The company’s total equity decreased to CNY 1.41 billion as of March 31, 2022, from CNY 1.45 billion at the end of 2021, a decline of 2.9%[15]. Operational Challenges - The decline in revenue was attributed to reduced construction projects and work stoppages in certain regions due to the pandemic[8]. - The company reported significant litigation fees and interest expenses related to projects affected by Evergrande, contributing to the net loss[8]. - The weighted average return on net assets was -1.19%, a decrease of 2.32 percentage points year-on-year[6]. - The company received government subsidies amounting to ¥4,309,981.98, primarily for business support[7]. Inventory and Expenses - Total operating costs for Q1 2022 were CNY 534.02 million, down from CNY 893.00 million in Q1 2021, representing a reduction of 40.2%[17]. - Inventory increased to CNY 827.37 million as of March 31, 2022, compared to CNY 699.99 million at the end of 2021, an increase of 18.2%[13]. - Research and development expenses for Q1 2022 were CNY 9.28 million, down 56.0% from CNY 21.11 million in Q1 2021[18]. - The company reported a significant increase in credit impairment losses, totaling CNY 4.99 million in Q1 2022, compared to CNY 23.99 million in Q1 2021[18]. Shareholder Information - As of the end of the reporting period, the total number of common shareholders was 26,456[10].