中南建设(000961) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 reached ¥11,129,557,467.17, representing a year-on-year increase of 43.62% compared to ¥7,749,266,430.32 in Q1 2022[4] - The net profit attributable to shareholders was -¥665,649,652.02, a decrease of 9.49% from -¥607,971,483.53 in the same period last year[4] - The net loss for Q1 2023 was ¥639,226,564.41, slightly improved from a net loss of ¥645,737,899.66 in Q1 2022[22] - The company reported a net loss attributable to shareholders of RMB 670 million in Q1 2023, but aims to restore profitability as the market recovers[14] Cash Flow - The net cash flow from operating activities was ¥358,139,479.80, down 90.22% from ¥3,661,845,367.72 in Q1 2022[4] - The company's cash flow from operating activities in Q1 2023 was RMB 360 million, continuing to maintain a positive cash flow status despite a slowdown in sales[15] - Total cash inflow from operating activities in Q1 2023 was 8,742,301,483.02, down 47.3% from 16,574,145,552.06 in Q1 2022[25] - The company reported a net decrease in cash and cash equivalents of -1,022,254,988.91 in Q1 2023, compared to -2,308,613,407.08 in Q1 2022[25] Assets and Liabilities - Total assets as of March 31, 2023, were ¥297,922,072,205.44, a decrease of 2.87% from ¥306,722,295,982.59 at the end of 2022[4] - The company's total liabilities decreased by 2.87% compared to the previous year, indicating a potential improvement in financial stability[4] - Total liabilities as of March 31, 2023, were ¥270,933,011,429.73, a decrease from ¥275,469,330,706.66 at the end of 2022[19] - The company had interest-bearing liabilities of RMB 47.05 billion at the end of Q1 2023, a decrease of RMB 500 million from the end of 2022, maintaining the lowest level in the industry[15] Revenue and Costs - Total operating costs for Q1 2023 were ¥11,428,507,346.53, up from ¥8,378,295,080.39 in Q1 2022, reflecting a 36.5% increase[22] - The company's revenue from real estate business in Q1 2023 was RMB 10.25 billion, a year-on-year increase of 62.1%, with a gross margin of 9.00%, down 0.55 percentage points year-on-year[13] - The overall operating revenue for Q1 2023 was RMB 11.13 billion, an increase of 43.6% year-on-year, with a comprehensive gross margin of 7.87%, down 1.30 percentage points year-on-year[14] Investments and Projects - The company reported a significant decrease in investment income, which fell by 75.73% to ¥53,641,512.07 from ¥221,050,699.06 in Q1 2022[7] - The company had 472 ongoing and unstarted projects at the end of Q1 2023, with a total planned construction area of 29.06 million square meters[12] - The total amount of unsold resources within the consolidated financial statements was RMB 115.93 billion, which is 11.3 times the revenue from Q1 2023[13] Equity and Earnings - The weighted average return on equity was -4.72%, a decline of 2.09 percentage points from -2.63% in the previous year[4] - The company's total equity decreased to ¥26,989,060,775.71 from ¥31,252,965,275.93, reflecting a decline of 13.6%[19] - The basic earnings per share for Q1 2023 was -0.1740, compared to -0.1589 in Q1 2022, indicating a worsening in earnings performance[22]