GREATTOWN(SH:900940)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥821,276,382.02, representing a decrease of 47.85% compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was -¥83,240,913.80, a decline of 139.96% year-on-year[3]. - The net cash flow from operating activities was -¥798,317,706.97, reflecting a decrease of 501.90% compared to the previous year[3]. - Basic earnings per share were -¥0.0340, down 140.38% from the same period last year[4]. - Total comprehensive income for Q1 2022 was -¥25,765,163.34, compared to ¥220,961,616.02 in Q1 2021, showing a drastic reduction[22]. - Net profit for Q1 2022 was a loss of ¥79,101,402.59, compared to a profit of ¥215,392,440.71 in Q1 2021, representing a significant decline[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥41,323,080,790.85, an increase of 3.43% from the end of the previous year[4]. - The company's total liabilities reached RMB 28,519,316,205.07, compared to RMB 26,827,478,274.72 in the previous year, reflecting an increase of about 6.3%[17]. - The company's total equity decreased to RMB 12,803,764,585.78 from RMB 13,123,554,281.09, a decline of approximately 2.4%[17]. - The company's current assets totaled RMB 35,028,488,861.81, up from RMB 33,743,380,088.31 in the previous period, indicating a growth of approximately 3.8%[15]. - The company's inventory increased to RMB 26,636,771,432.98 from RMB 25,678,140,402.92, representing a growth of about 3.7%[15]. Cash Flow - Cash received from sales of goods and services in Q1 2022 was ¥2,575,902,302.84, an increase of 42% from ¥1,815,978,016.58 in Q1 2021[25]. - The net cash flow from operating activities for Q1 2022 was -¥798,317,706.97, compared to ¥198,636,289.34 in Q1 2021, indicating a negative cash flow shift[26]. - Cash inflow from financing activities in Q1 2022 was ¥1,799,044,740.00, a decrease from ¥3,448,070,000.00 in Q1 2021[26]. - Investment activities generated a net cash outflow of -¥15,650,143.15 in Q1 2022, compared to a net inflow of ¥647,433,723.82 in Q1 2021[26]. - The ending balance of cash and cash equivalents was $5,368,487,967.65, compared to $2,209,821,040.49 in the previous period[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 68,906[10]. - The largest shareholder, Mingcheng Holdings Group, held 9.52% of the shares, totaling 235,587,483 shares[10]. Operational Metrics - The company experienced a 40.65% decrease in operating costs, correlating with the reduced delivery area[6]. - Total operating costs for Q1 2022 were ¥928,352,104.93, down 40% from ¥1,546,227,158.30 in Q1 2021[21]. - The company's short-term borrowings decreased to RMB 398,899,026.39 from RMB 498,123,429.16, a reduction of approximately 19.9%[17]. - The company's long-term borrowings increased to RMB 6,421,198,170.60 from RMB 5,315,233,430.60, reflecting a growth of about 20.8%[17]. Other Information - The company's research and development expenses were not specified, but the report indicates a focus on innovation and technology[4]. - The company completed a share transfer agreement where it sold 51% of its subsidiary for RMB 162,310,500.00, based on a net asset valuation of RMB 318,102,800.00[12]. - The company did not apply the new accounting standards for the current year[27]. - The report was released on April 28, 2022, by the board of directors of Shanghai Daming City Enterprise Co., Ltd.[27].