*ST泛海(000046) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,712,167,214.05, a decrease of 25.03% compared to ¥2,283,805,277.13 in the same period last year[8] - The net profit attributable to shareholders was -¥1,307,800,923.63, representing a decline of 63.97% from -¥797,593,150.48 year-on-year[8] - The net cash flow from operating activities was -¥96,797,173.53, a significant decrease of 673.10% compared to -¥12,520,688.11 in the previous year[8] - The basic and diluted earnings per share were both -¥0.2517, a decrease of 63.97% from -¥0.1535 in the same period last year[8] - Net profit for Q1 2023 was a loss of CNY 1,436,639,469.23, compared to a loss of CNY 952,716,774.94 in Q1 2022, representing an increase in loss of approximately 50.8%[33] - The total operating costs for Q1 2023 were CNY 2,423,108,471.84, down 24.8% from CNY 3,218,990,431.31 in the previous year[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥101,201,900,934.29, down 3.79% from ¥105,190,416,544.04 at the end of the previous year[8] - The company's total liabilities decreased to CNY 102,464,474,268.43 from CNY 104,296,042,410.69 at the beginning of the year, a reduction of about 1.8%[29] - The company's non-current assets totaled RMB 37.80 billion, down from RMB 39.04 billion, reflecting a decrease of about 3.2%[27] - The company's total current liabilities rose to RMB 18.67 billion, compared to RMB 17.73 billion at the beginning of the year, indicating an increase of about 5.3%[27] Cash Flow - The company's cash and cash equivalents decreased to RMB 1.40 billion from RMB 2.53 billion, representing a decline of about 44.7%[26] - The net cash flow from operating activities for Q1 2023 was -96,797,173.53 CNY, compared to -12,520,688.11 CNY in the same period last year, indicating a decline in operational cash flow[35] - Total cash inflow from operating activities was 2,058,184,671.47 CNY, down from 2,203,972,934.20 CNY year-over-year[35] - Cash outflow from operating activities totaled 2,154,981,845.00 CNY, slightly decreased from 2,216,493,622.31 CNY in the previous year[35] - The net cash flow from investing activities was -344,323,460.52 CNY, worsening from -154,299,559.47 CNY in the prior year[36] - The net cash flow from financing activities was -864,266,014.42 CNY, compared to -108,452,751.29 CNY in the same quarter last year[36] Shareholder Information - The equity attributable to shareholders was -¥6,559,552,478.49, a decrease of 20.08% from -¥5,462,437,447.62 at the end of the previous year[8] - The company had a total of 78,483 common shareholders at the end of the reporting period[16] Investment and Expenses - The company reported a significant increase in financial expenses, totaling ¥685,181,631.28, down 29.42% from ¥970,840,918.46 year-on-year, primarily due to overdue loan penalties being classified as non-operating expenses[14] - The company experienced a 181.53% decline in investment income, reporting -¥225,635,402.45 compared to ¥276,742,905.48 in the previous year, mainly due to significant losses from the disposal of equity in joint ventures[14] - Non-operating expenses increased by 125.47% to ¥560,613,349.40, primarily due to an increase in loan default penalties[14] Restructuring and Strategic Changes - The company is undergoing a restructuring process initiated by Beijing Shihua Asset Management Co., citing inability to repay debts and lack of solvency, with the court's pre-restructuring decision already in place[22] - The company has received a notice regarding the application for restructuring, indicating potential strategic shifts in operations moving forward[22] - The company has auctioned off 347,066.67 million shares of Minsheng Securities for RMB 9.10 billion, pending approval from the China Securities Regulatory Commission[21]