LJZ(SH:900932)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,981,368,871.95, a decrease of 26.66% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 448,628,181.04, down 31.49% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 36.25% to CNY 411,477,611.48[5] - The basic earnings per share for the period was CNY 0.1112, reflecting a decline of 31.49%[6] - The weighted average return on equity was 2.06%, a decrease of 0.80 percentage points compared to the end of the previous year[6] - The company reported a total profit of CNY 723,264,412.69 for Q1 2023, a decrease of 33.9% from CNY 1,095,580,244.26 in Q1 2022[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 125,819,480,229.07, a slight increase of 0.10% from the end of the previous year[6] - Total liabilities as of Q1 2023 were CNY 87,569,797,451.39, slightly down from CNY 88,037,722,124.65 in the previous year[16] - The total assets of the company as of March 31, 2023, amounted to RMB 125.82 billion, a slight increase from RMB 125.70 billion at the end of 2022[15] - The total non-current assets decreased to RMB 66.34 billion from RMB 69.02 billion, a decline of approximately 3.9%[15] Cash Flow - Cash flow from operating activities in Q1 2023 was CNY 1,908,960,859.38, an increase from CNY 1,692,763,049.33 in Q1 2022[19] - The net cash inflow from operating activities was -300,253,387.93, compared to -3,481,030,286.32 in the previous year, indicating an improvement[20] - Total cash inflow from investment activities was 8,078,243,020.88, up from 6,257,919,884.31 year-over-year[20] - The net cash flow from investment activities was 2,560,937,871.05, a significant recovery from -2,678,537,302.92 in the previous year[20] - Cash inflow from financing activities totaled 13,373,838,258.87, compared to 15,016,621,384.94 in the prior year[21] - The ending balance of cash and cash equivalents was 6,377,429,407.10, compared to 5,159,203,028.73 in the previous year[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 113,616[10] - The largest shareholder, Shanghai Lujiazui (Group) Co., Ltd., held 56.42% of the shares[11] - The company’s total equity as of Q1 2023 was CNY 38,249,682,777.68, an increase from CNY 37,658,985,294.22 in Q1 2022[16] Real Estate and Operations - The company experienced a decline in real estate sales revenue and profit due to the project turnover cycle and the transformation of its trust business[9] - The rental rate for Grade A office properties in Shanghai was reported at 80%, while the average rent was RMB 8.19 per square meter per day[13] - The average rental rate for commercial properties in Shanghai was RMB 10.48 per square meter per day, with a rental rate of 86%[13] - The company reported a total of 2,901,951 square meters of properties, with an overall occupancy rate for mature properties being 80% in Shanghai[13] - The company has suspended development and sales activities related to contaminated land held by its subsidiary, indicating a proactive risk management approach[14] - The company has established a special task force to manage and address the risks associated with the contaminated land[14] Investment Activities - The company received 11,873,838,258.87 in cash from borrowings, an increase from 10,667,621,384.94 in the previous year[21] - The company paid 12,746,584,895.46 in cash for debt repayment, compared to 10,845,627,183.80 in the previous year[21] - The cash received from investment income was 133,458,441.41, down from 234,545,237.17 year-over-year[20] - The total cash outflow from investment activities was 5,517,305,149.83, compared to 8,936,457,187.23 in the previous year, indicating a reduction in investment spending[20] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[17]