SPG(SZ:000029)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥109,155,515.74, a decrease of 59.96% compared to ¥272,594,952.10 in the same period last year[6] - The net profit attributable to shareholders for Q1 2023 was -¥35,653,798.52, representing a decline of 121.97% from ¥162,278,083.59 in the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥37,833,791.48, a decrease of 201.63% compared to ¥37,225,465.61 in the same period last year[6] - Basic and diluted earnings per share for Q1 2023 were both -¥0.0352, down 121.95% from ¥0.1604 in the same period last year[6] - The company reported a net profit of -36,452,101.30 CNY for the current period, compared to a net profit of 161,619,421.30 CNY in the previous period, indicating a significant decline[30] - Operating profit for the current period was -40,357,864.78 CNY, while the previous period showed an operating profit of 223,041,970.54 CNY, reflecting a substantial decrease[30] - Total comprehensive income attributable to the parent company was -33,812,427.57 CNY, compared to 159,994,311.64 CNY in the previous period, indicating a drastic drop[30] Cash Flow and Liquidity - The net cash flow from operating activities improved by 60.26%, amounting to -¥183,238,769.33, compared to -¥461,062,516.92 in the previous year[9] - Cash flow from operating activities was -183,238,769.33 CNY, a decrease from -461,062,516.92 CNY in the previous period, showing improved cash flow management[34] - The company generated 81,910,853.47 CNY in cash from sales of goods and services, down from 135,938,494.95 CNY in the previous period[34] - The company raised 23,000,000.00 CNY through borrowings during the current period, with no borrowings reported in the previous period[37] - The cash and cash equivalents at the end of the period stood at 166,003,254.27 CNY, down from 307,313,805.03 CNY at the end of the previous period[37] - The company incurred a total operating cash outflow of 278,804,491.11 CNY, compared to 762,172,846.53 CNY in the previous period, indicating a reduction in cash outflows[34] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥5,507,814,502.77, a decrease of 3.20% from ¥5,689,769,802.18 at the end of the previous year[6] - The company's cash and cash equivalents decreased to CNY 173,441,137.89 from CNY 197,663,949.74 at the beginning of the year, a decline of 12.2%[21] - The total liabilities decreased to CNY 1,255,085,152.67 from CNY 1,403,228,024.51, a decrease of 10.6%[23] - The company's total equity decreased to CNY 4,252,729,350.10 from CNY 4,286,541,777.67, a decline of 0.8%[27] - The deferred income tax assets decreased to CNY 59,370,256.85 from CNY 77,036,728.98, a reduction of 22.9%[23] Shareholder Information - Shareholders' equity attributable to the parent company was ¥3,970,486,346.38, down 0.84% from ¥4,004,240,547.70 at the end of the previous year[6] - The total number of common shareholders at the end of the reporting period was 45,531[17] Government Support - The company received government subsidies amounting to ¥118,084.21 during the reporting period[6] Revenue and Costs - Total operating revenue for Q1 2023 was CNY 109,155,515.74, a decrease of 60.0% compared to CNY 272,594,952.10 in the same period last year[28] - Total operating costs for Q1 2023 were CNY 151,818,346.49, down 30.4% from CNY 218,394,023.67 year-on-year[28] - The significant decline in revenue and net profit was primarily due to a decrease in real estate sales and the absence of last year's gain from the sale of a subsidiary[14] - The inventory balance increased slightly to CNY 4,282,125,304.63 from CNY 4,257,109,614.31, an increase of 0.6%[21] - The company reported a financial expense of CNY -124,245.56, compared to CNY -2,019,282.47 in the previous year, indicating improved financial management[28] - The company reported other comprehensive income after tax of 2,639,673.73 CNY, contrasting with -1,625,109.66 CNY in the previous period, showing a recovery in this area[30]