WINNERWAY(SZ:000573)2022-04-29 16:00Financial Performance - The company's revenue for Q1 2022 was ¥125,771,186.52, a decrease of 55.01% compared to ¥279,580,948.75 in the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥6,299,925.21, representing a decline of 109.81% from a profit of ¥64,202,521.87 in the previous year[3]. - The net profit for the first quarter of 2022 was -7,571,499.81 CNY, a decrease of 111.82% compared to 64,051,783.16 CNY in the same period last year[9]. - Operating profit fell to -7,353,312.24 CNY, down 109.47% from 77,679,733.83 CNY year-over-year, primarily due to a decrease in real estate sales revenue and investment income[9]. - The total comprehensive income for the first quarter was -7,708,099.81 CNY, a decline of 111.96% from 64,447,448.16 CNY year-over-year[9]. - Basic and diluted earnings per share for Q1 2022 were both -0.0099 CNY, compared to 0.1006 CNY in the same period last year[30]. Cash Flow and Assets - The net cash flow from operating activities was negative at ¥45,358,630.59, a decrease of 189.01% compared to ¥50,958,444.97 in the same period last year[3]. - Cash inflow from operating activities totaled 162,963,541.85 CNY, a decline of 41.29% compared to 277,556,809.98 CNY in the previous year, mainly due to reduced cash from real estate sales[10]. - The company reported a significant drop in cash and cash equivalents, ending the period with 367,391,533.87 CNY, down 50.54% from 742,833,005.04 CNY[10]. - Cash and cash equivalents at the end of Q1 2022 were 367,391,533.87 CNY, down from 742,833,005.04 CNY at the end of Q1 2021, a decrease of approximately 50.5%[33]. - The total assets at the end of the reporting period were ¥2,456,395,833.24, down 2.05% from ¥2,507,820,529.67 at the end of the previous year[3]. Operating Costs and Expenses - The total operating costs for Q1 2022 were ¥132,563,306.90, a decrease of 43.92% from ¥236,373,650.38 in the same period last year[8]. - The company reported a significant reduction in sales expenses, which were ¥4,202,292.40, down 52.95% from ¥8,931,865.77 in the previous year[8]. - The company experienced a 68.89% decrease in taxes and surcharges, amounting to ¥4,880,431.78 compared to ¥15,685,759.57 in the same period last year[8]. - The company incurred financial expenses of 2,534,830.54 CNY in Q1 2022, compared to 10,738,391.93 CNY in Q1 2021[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,058, with the largest shareholder holding 19.95% of the shares[11]. - The company has a total of 127,359,707 shares held by Guangdong Hongyuan Group Co., Ltd., accounting for 46.0% of the total shares[12]. - The company has a diversified shareholder base, with significant stakes held by various entities, ensuring a broad support structure[12]. Legal Matters - The company is involved in a lawsuit against former shareholders of Kongjiagou Coal Mine, seeking a penalty of 3 million RMB due to breach of contract[13]. - The Supreme Court ruled that the defendants must pay the company 3 million RMB in breach of contract damages, but this will not significantly impact the company's current or future profits[14]. - The company has initiated enforcement actions to recover 1,555,620 RMB that was wrongfully deducted due to a previous court ruling[17]. - The company is pursuing legal action against Liu Xiangyang for a total of 29 million RMB in unpaid transfer fees related to mining rights[19]. - The company has faced challenges in executing court judgments due to the defendants' lack of enforceable assets[15]. - The company has been involved in multiple legal disputes regarding coal mining rights and associated debts, impacting its operational focus[16]. - The company is actively seeking to recover funds through legal channels, indicating ongoing financial management efforts[17]. Investment Activities - The company's investment income decreased by 104.04%, resulting in a loss of ¥1,318,500.76 compared to a profit of ¥32,633,119.84 in the previous year[8]. - The company’s cash flow from investment activities showed a net outflow of -432,400.00 CNY, a significant drop from 104,082,695.50 CNY in the previous year[10]. - Investment activities resulted in a net cash outflow of -432,400.00 CNY in Q1 2022, contrasting with a net inflow of 104,082,695.50 CNY in the previous year[32]. Operational Strategy - The company plans to continue its hedging activities in commodity futures to mitigate operational risks, with a maximum margin balance of ¥60 million[21]. - The company has applied to the Dongguan Intermediate People's Court for the resumption of enforcement regarding a repayment commitment from a debtor[20].