Beijing Cuiwei Tower (SH:603123)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥956,459,006.92, representing a decrease of 2.85% compared to the same period last year[4]. - Net profit attributable to shareholders of the listed company was ¥65,562,510.80, an increase of 6.27% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥61,014,551.34, showing a significant increase of 40.00%[4]. - Basic and diluted earnings per share were both ¥0.082, reflecting a year-on-year increase of 3.80%[4]. - Total operating revenue for Q1 2022 was CNY 956,459,006.92, a decrease of 2.2% from CNY 984,538,867.71 in Q1 2021[16]. - Net profit for Q1 2022 reached CNY 65,281,649.17, an increase of 5.5% compared to CNY 61,907,591.21 in Q1 2021[18]. - Earnings per share for Q1 2022 was CNY 0.082, up from CNY 0.079 in Q1 2021[20]. Cash Flow - The net cash flow from operating activities was -¥135,607,184.97, a decline of 161.07% compared to the previous year[4]. - The decrease in net cash flow from operating activities was primarily due to a reduction in collected payments from joint venture merchants[6]. - In Q1 2022, the cash inflow from operating activities was CNY 2,043,591,976.68, a decrease of 5.2% compared to CNY 2,155,342,617.97 in Q1 2021[22]. - The net cash outflow from operating activities was CNY -135,607,184.97, worsening from CNY -51,942,908.01 in the same period last year[23]. - Cash outflow for payments related to operating activities totaled CNY 2,179,199,161.65, down 1.3% from CNY 2,207,285,525.98 in Q1 2021[23]. - The net cash flow from investing activities was CNY 29,809,132.09, a significant improvement from CNY -337,314,179.78 in Q1 2021[23]. - The net cash flow from financing activities was CNY -164,377,528.51, compared to CNY -54,582,555.45 in the same quarter last year[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,498,628,531.34, down 3.46% from the end of the previous year[4]. - The company's current assets decreased to CNY 2,772,775,221.89 from CNY 3,185,400,108.71, reflecting a reduction of about 12.92%[13]. - Cash and cash equivalents were reported at CNY 2,148,598,994.22, down from CNY 2,354,802,136.10, indicating a decrease of approximately 8.74%[13]. - The total liabilities decreased to CNY 1,757,313,357.51 from CNY 2,032,887,994.88, showing a decline of approximately 13.52%[14]. - Total liabilities decreased to CNY 3,507,051,286.89 in Q1 2022 from CNY 3,841,194,630.17 in Q1 2021, a reduction of approximately 8.7%[18]. - Total equity increased to CNY 3,991,577,244.45 in Q1 2022 from CNY 3,926,274,042.21 in Q1 2021, reflecting a growth of about 1.7%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 126,674[7]. - Shareholders' equity attributable to the listed company was ¥3,963,205,611.70, an increase of 1.68% compared to the end of the previous year[4]. Non-Recurring Items - Non-recurring gains and losses totaled ¥4,547,959.46 after tax, with significant contributions from various non-operating income sources[5]. Market Conditions and Future Outlook - The company reported a significant impact on its operating performance due to the ongoing pandemic and the implementation of rent reduction policies for small and micro enterprises[10]. - The company has not provided specific guidance for future performance due to uncertainties related to the pandemic[10]. - The company continues to explore new strategies for market expansion and product development amidst challenging market conditions[10]. Research and Development - Research and development expenses for Q1 2022 were CNY 24,520,235.92, compared to CNY 21,033,882.99 in Q1 2021, indicating a rise of 16.4%[18].