LJZ(SH:900932)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,701,514,862.70, representing a decrease of 8.37% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 654,882,600.91, down 25.96% year-on-year[5]. - Total revenue for Q1 2022 was CNY 2,701,514,862.70, a decrease of 8.36% compared to CNY 2,948,380,656.47 in Q1 2021[17]. - Operating profit for Q1 2022 was CNY 1,090,494,293.52, down from CNY 1,386,767,144.32 in Q1 2021, reflecting a decline of 21.38%[17]. - The company reported a net profit of CNY 787,326,795.72 for Q1 2022, compared to CNY 1,042,831,271.42 in Q1 2021, reflecting a decline of 24.48%[17]. - The net profit for Q1 2022 was ¥787,326,795.72, a decrease of 24.5% compared to ¥1,042,831,271.42 in Q1 2021[18]. - The net profit attributable to shareholders of the parent company was ¥654,882,600.91, down 26.0% from ¥884,479,580.50 in the previous year[18]. - Total comprehensive income for Q1 2022 was ¥858,548,438.82, a decline of 18.9% from ¥1,059,272,956.66 in Q1 2021[18]. - Basic and diluted earnings per share for Q1 2022 were both ¥0.1623, down from ¥0.2192 in Q1 2021[18]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -3,481,030,286.32, a significant decline of 351.35%[6]. - Operating cash inflow for Q1 2022 was ¥2,711,299,149.48, a decrease of 43.4% compared to ¥4,781,238,708.61 in Q1 2021[20]. - The net cash flow from operating activities was -¥3,481,030,286.32, contrasting with a positive cash flow of ¥1,384,909,324.00 in Q1 2021[20]. - Cash and cash equivalents were CNY 4,376,227,835.62 as of March 31, 2022, down from CNY 13,352,516,789.35 at the end of 2021[14]. - Cash and cash equivalents at the end of Q1 2022 stood at ¥5,159,203,028.73, down from ¥8,219,805,464.31 at the end of Q1 2021[22]. - The company experienced a cash outflow of ¥8,815,977,728.79 in Q1 2022, compared to an inflow of ¥3,519,272,793.36 in Q1 2021[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 117,018,570,525.86, a decrease of 3.21% from the end of the previous year[6]. - Total assets as of March 31, 2022, amounted to CNY 117,018,570,525.86, a decrease from CNY 120,895,887,034.73 at the end of 2021[16]. - Total liabilities decreased to CNY 77,737,445,346.17 from CNY 82,473,310,293.85, indicating a reduction of 5.94%[16]. - The company’s total equity increased to CNY 39,281,125,179.69 from CNY 38,422,576,740.88, showing a growth of 2.24%[16]. - Non-current assets totaled CNY 68,186,251,130.93, an increase from CNY 64,478,671,246.96 at the end of 2021, representing a growth of 10.66%[15]. Shareholder Information - The company has a total of 118,113 common shareholders at the end of the reporting period[9]. - The major shareholder, Shanghai Lujiazui (Group) Co., Ltd., holds 56.42% of the shares[9]. Government Support - The company reported a government subsidy of CNY 7,630,638.00 related to tax refund and other operational support[7]. Market Conditions - The average rental rate for prime office properties in Shanghai was CNY 8.09 per square meter per day, with an occupancy rate of 85%[11]. - The total leasable area of major residential sales was 117,908 square meters, with a total signed area of 4,142 square meters, resulting in a take-up rate of 45%[12]. Financial Expenses and Investment Income - The company’s financial expenses rose to CNY 293,029,764.39 in Q1 2022, compared to CNY 231,912,888.80 in Q1 2021, an increase of 26.38%[17]. - The company’s investment income for Q1 2022 was a loss of CNY 41,501,403.75, slightly improved from a loss of CNY 42,274,275.45 in Q1 2021[17]. Financing Activities - The company raised ¥10,667,621,384.94 from borrowings in Q1 2022, compared to ¥9,787,485,430.54 in Q1 2021[22]. - The company reported a significant increase in cash outflow for financing activities, totaling ¥17,672,888,248.50 in Q1 2022, up from ¥13,177,674,684.93 in the previous year[22].