HIG(SZ:000548)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥74,759,041.52, a decrease of 12.91% compared to ¥85,839,523.24 in the same period last year[3] - The net profit attributable to shareholders was ¥8,221,321.33, down 52.19% from ¥17,195,704.91 year-on-year[3] - The company's basic earnings per share decreased by 33.33% to ¥0.02 from ¥0.03 in the same period last year[3] - Operating profit for the current period is ¥12,504,768.34, down 44.66% from ¥22,658,598.58 in the previous period[21] - Net profit decreased to ¥8,221,321.33, a decline of 52.16% compared to ¥17,195,704.91 in the previous period[22] - The total comprehensive income for the current period is ¥8,221,321.33, a decrease of 52.16% from ¥17,195,704.91 in the previous period[22] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to -¥33,852,482.41, a 89.75% increase compared to -¥330,404,868.41 in the previous year[3] - Cash flow from operating activities showed a net outflow of ¥33,852,482.41, an improvement from a net outflow of ¥330,404,868.41 in the previous period[23] - Cash and cash equivalents at the end of the period increased to ¥478,503,108.11 from ¥254,619,929.42, marking a significant increase[24] - The company's cash and cash equivalents increased to CNY 481,840,146.86 from CNY 396,875,661.57, representing a growth of about 21.4%[17] Assets and Liabilities - Total assets increased by 7.41% to ¥2,988,602,872.09 from ¥2,782,453,595.95 at the end of the previous year[3] - The total current liabilities increased to CNY 439,705,208.37 from CNY 388,532,423.19, marking an increase of about 13.2%[19] - The company's total liabilities reached CNY 1,144,571,117.20, up from CNY 946,643,162.39, which is an increase of approximately 20.9%[19] - The equity attributable to the owners of the parent company was CNY 1,844,031,754.89, slightly up from CNY 1,835,810,433.56, showing a marginal increase of about 0.6%[19] Sales and Expenses - The company reported a 135.15% increase in sales expenses to ¥5,132,691.70 due to the launch of the Guangrun Fuyuan project[8] - Cash received from sales of goods and services rose by 139.07% to ¥213,837,416.39, attributed to pre-sales in the Guangrong Fudi and Guangrun Fuyuan projects[9] - The company experienced a 160.41% increase in contract liabilities to ¥179,719,027.09, primarily due to pre-sales of housing in the Guangrun Fuyuan project[8] - The total operating costs decreased to ¥62,704,744.71 from ¥66,895,079.10, reflecting a reduction of 6.67%[20] Project Updates - The upgrade and renovation of the Junyi Mountain Water Hotel project is nearing completion, with major systems installed and in the integration phase[14] - The company has completed 95% of the ground insulation for the Guangrongfu project, with various other construction milestones achieved[12] - The sales of the Guangrongfu project saw a total of 183 units subscribed, achieving a sales rate of 49.73% as of March 31, 2022[12] - The Guangrunfu Garden project had a total of 350 units launched, with 298 units subscribed, resulting in a sales rate of 85.14%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,632[10] Other Information - The company reported a significant decrease in other income, down 97.99% to ¥74,703.08, compared to ¥3,714,154.44 in the previous year due to the absence of government subsidies[8] - The company raised ¥150,000,000.00 through borrowings, compared to ¥200,000,000.00 in the previous period[24] - The company has not conducted any new product or technology development announcements during this reporting period[25]