SKSHU(SH:603737)2022-04-29 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 1,697,997,352.67, representing a year-on-year increase of 14.49%[4] - The net profit attributable to shareholders was a loss of CNY 38,738,743.98, a decrease of 580.21% compared to the same period last year[4] - Basic and diluted earnings per share were both -CNY 0.10, reflecting a decrease of 600.00%[5] - The total comprehensive income amounted to -39,874,535.88, contrasting with 16,582,943.47 from the previous year, reflecting a substantial decrease in overall profitability[20] - The company reported a net loss of 39,876,271.74, compared to a net profit of 16,582,943.47 in the previous year, indicating a significant downturn in financial performance[19] - The total operating profit was -55,802,008.28, a decline from 12,435,736.32 in the previous year, highlighting a substantial drop in operational efficiency[19] Cash Flow - The net cash flow from operating activities was a negative CNY 297,578,969.30, indicating a significant cash outflow[4] - Operating cash flow generated from activities was -297,578,969.30, an improvement from -448,173,910.04 in the same quarter last year, showing a reduced cash outflow[21] - The company recorded a net cash inflow from investment activities of 80,078,483.21, although it still faced a net outflow of -263,845,807.05 in investment activities overall[21] - The net cash flow from financing activities was 802,215,795.23 CNY, a significant increase from 235,806,096.16 CNY in the previous period[22] - The total cash inflow from financing activities amounted to 1,439,641,143.45 CNY, compared to 1,227,700,000.00 CNY in the same quarter last year[22] - The net increase in cash and cash equivalents was 240,792,794.63 CNY, compared to a decrease of 601,198,855.30 CNY in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,833,926,098.99, an increase of 3.68% from the end of the previous year[5] - Total liabilities increased to RMB 10,710,703,169.01 from RMB 10,215,554,345.47, reflecting a rise of 4.9%[17] - The equity attributable to shareholders decreased by 1.99% to CNY 1,903,883,850.09 compared to the end of the previous year[5] - Cash and cash equivalents as of March 31, 2022, amounted to RMB 1,107,978,087.07, compared to RMB 679,071,874.25 at the end of 2021, representing a growth of 63.1%[14] Operational Costs - Total operating costs for Q1 2022 were RMB 1,819,235,073.08, up from RMB 1,541,716,927.36 in Q1 2021, reflecting a year-over-year increase of 18.0%[18] - The company reported a decrease in net profit due to increased personnel and borrowing costs[8] - Research and development expenses increased to 54,269,081.63 from 42,009,345.46, representing a rise of about 29.2% year-over-year[19] - Financial expenses surged to 34,778,739.55, compared to 7,134,291.24 in the same period last year, marking an increase of approximately 388.5%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,858, with the largest shareholder holding 67.02% of the shares[9] Strategic Initiatives - The company has implemented strategies to manage cash flow and reduce costs in response to the financial challenges faced during the quarter[8] - The company has established strategic partnerships with large real estate companies, which may require performance guarantees and could impact cash flow[12] - The company is monitoring macroeconomic conditions that may affect the growth of the real estate industry and, consequently, its own performance[12] Risks and Challenges - The company faces risks related to accounts receivable collection due to potential difficulties in the real estate sector, which could adversely affect profitability[12] Accounting Standards - The company did not apply the new accounting standards for the current year[22]