财信发展(000838) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1.904 billion, an increase of 45.01% compared to CNY 1.313 billion in the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 4.943 million, a decrease of 127.54% from a profit of CNY 17.949 million in the previous year[5]. - The net profit for Q1 2023 was a loss of CNY 8,039,448.94, compared to a profit of CNY 42,786,351.52 in Q1 2022, indicating a substantial decline in profitability[23]. - The total comprehensive income for the first quarter was -8,039,448.94 CNY, compared to 42,786,351.52 CNY in the previous year[24]. - Basic and diluted earnings per share were both -0.0045 CNY, compared to 0.0163 CNY in the previous year[24]. Cash Flow - The net cash flow from operating activities improved by 27.37%, with a net outflow of CNY 126.924 million compared to CNY 174.751 million in the same period last year[5]. - The net cash flow from operating activities was -126,923,921.64 CNY, an improvement from -174,751,472.25 CNY year-over-year[27]. - Cash inflow from sales of goods and services was 267,613,028.73 CNY, down from 652,653,345.09 CNY in the previous period, representing a decrease of approximately 59%[25]. - The total cash outflow from operating activities was 420,902,528.17 CNY, down from 916,075,325.45 CNY year-over-year[27]. - The net cash flow from investing activities was -4,801,273.66 CNY, compared to -7,743,358.04 CNY in the same period last year, indicating a reduced outflow[27]. - The net cash flow from financing activities was -123,394,605.93 CNY, an improvement from -143,402,699.18 CNY year-over-year[27]. - The ending balance of cash and cash equivalents was 413,652,413.89 CNY, down from 1,502,055,577.24 CNY in the previous year[27]. Assets and Liabilities - The company's total assets decreased by 35.10% to CNY 6.941 billion from CNY 10.695 billion at the end of the previous year[5]. - The company's total assets decreased to CNY 6,940,763,952.25 from CNY 10,695,055,091.32 year-over-year[20]. - Total liabilities decreased to CNY 5,784,133,929.46 from CNY 9,283,775,420.78, showing a reduction in financial obligations[20]. - The company's inventory decreased to CNY 4.567 billion, down from CNY 7.086 billion, reflecting a reduction in project costs and inventory turnover[10]. - The total equity attributable to shareholders decreased to CNY 962,225,433.38 from CNY 967,168,449.90, indicating a slight decline in shareholder value[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,219[12]. - The largest shareholder, Chongqing Caixin Real Estate Development Group Co., Ltd., holds 37.00% of shares, totaling 407,212,561 shares, with 407,177,794 shares pledged[12]. - The controlling shareholder's shares were subject to judicial freezing, with 398,920,794 shares (36.25% of total shares) frozen due to a legal claim[15]. Expenses - Research and development expenses increased by 89.91% to CNY 263,803, driven by higher investments in R&D equipment and materials[9]. - Research and development expenses increased to CNY 263,802.60 from CNY 138,910.82, indicating a focus on innovation[23]. - The company reported a significant increase in sales expenses to CNY 48,254,292.02 from CNY 33,020,950.54, reflecting higher marketing efforts[23]. - Financial expenses decreased by 102.89% due to reduced borrowings and corresponding interest[12]. - Investment income decreased by 112.23%, attributed to a reduction in financial management income[12]. - Credit impairment losses increased by 154.25%, amounting to 118,792.86[12]. - Operating income from non-operating activities decreased by 50.49%, totaling 345,424.16[12]. Future Outlook - The company has not provided specific guidance for future performance or new product developments in the current report[23].