2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥68.47 billion, representing a 9.27% increase compared to ¥62.67 billion in the same period last year[5]. - Net profit attributable to shareholders was ¥1.45 billion, a slight increase of 1.16% from ¥1.43 billion year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 40.92% to ¥645.63 million, down from ¥1.09 billion in the previous year[5]. - The total comprehensive income attributable to the parent company's owners was ¥1,427,922,848.24, up from ¥911,387,283.63 in the previous period[28]. - Basic earnings per share for the current period was ¥0.1251, slightly up from ¥0.1229 in the previous period[29]. - Net profit for the current period was ¥2,833,713,594.33, compared to ¥2,787,518,052.06 in the previous period, marking an increase of 1.7%[28]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥7.00 billion, a 152.8% increase from a negative cash flow of ¥13.26 billion in the same period last year[5]. - Cash flow from operating activities generated a net amount of ¥7,001,300,467.87, a significant recovery from a net outflow of ¥(13,259,189,892.38) in the previous period[30]. - Cash flow from investing activities resulted in a net outflow of ¥(337,014,583.76), compared to a net inflow of ¥1,378,411,852.10 in the previous period[30]. - Cash flow from financing activities showed a net outflow of ¥(3,749,992,041.01), contrasting with a net inflow of ¥8,366,567,340.77 in the previous period[31]. - The total assets at the end of the reporting period were ¥1.74 trillion, a decrease of 0.84% from ¥1.76 trillion at the end of the previous year[5]. - The company’s cash and cash equivalents stood at approximately 140 billion yuan, slightly up from 137 billion yuan at the end of 2022[24]. - The total liabilities decreased to approximately 1.35 trillion yuan from 1.35 trillion yuan at the end of 2022[26]. Equity and Investments - The equity attributable to shareholders increased by 1.10% to ¥246.01 billion from ¥242.69 billion at the end of the previous year[5]. - The company reported non-recurring gains of ¥800.18 million during the period, primarily from investment income and other operating income[7]. - The company experienced a significant increase in investment income from joint ventures, rising to ¥145,945,955.42 from ¥93,064,866.48, an increase of 57%[28]. - The company reported a decrease in interest expenses to ¥1,585,089,811.38 from ¥2,199,288,258.10, a reduction of approximately 28%[27]. Business Segments and Operations - The real estate development business contributed 54.16 billion CNY in revenue, with a settlement area of 4.34 million square meters, marking a 15.8% increase in area and a 9.8% increase in revenue year-on-year[17]. - The overall gross margin before tax and additional charges was 15.4%, with a gross margin of 17.2% for the development business[17]. - Contracted sales area reached 6.257 million square meters, with a total sales amount of 101.38 billion CNY, down 1.1% and 4.8% year-on-year respectively[18]. - The company added 5 new development projects with a total planned construction area of 876,000 square meters[18]. - The company completed construction of 3.441 million square meters, achieving 10.7% of the annual plan[19]. - The property service segment achieved high-quality development, adding 11 new business service projects in Q1 2023[20]. - The leasing residential business generated revenue of 780 million yuan, a year-on-year increase of 10.8%, with an occupancy rate of 95%[21]. - The logistics and warehousing business reported revenue of 960 million yuan, up 20.0%, with cold chain revenue increasing by 35.0%[22]. - The commercial development and operation segment generated revenue of 2.33 billion yuan, a 10.4% increase, with 23.1 million members in the management system[23]. Management and Cost Efficiency - Management expenses decreased by 40.54% to ¥155.24 million, reflecting reduced labor and administrative costs[10]. - The fair value changes of financial assets showed a significant increase of 3496.80%, reaching ¥31.58 million compared to ¥0.88 million in the previous year[10]. - The company continues to enhance product cost-effectiveness and management efficiency in its ongoing projects[19].