天保基建(000965) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥266,409,927.08, a decrease of 46.24% compared to ¥495,568,207.55 in the same period last year[3] - The net profit attributable to shareholders was ¥22,011,702.72, down 31.64% from ¥32,200,068.51 year-on-year[3] - The company's basic earnings per share decreased by 31.72% to ¥0.0198 from ¥0.0290 in the same period last year[3] - Total operating revenue for Q1 2023 was CNY 266,409,927.08, a decrease of 46.2% compared to CNY 495,568,207.55 in Q1 2022[21] - Net profit for Q1 2023 was CNY 22,393,318.75, representing a decline of 30.8% from CNY 32,330,506.66 in Q1 2022[22] - Total equity increased to CNY 6,592,605,820.45 in Q1 2023, compared to CNY 5,458,212,501.70 in Q1 2022[21] - The company reported a significant reduction in financial expenses, totaling CNY 38,685,467.80 in Q1 2023, down from CNY 43,922,890.89 in Q1 2022[21] Cash Flow - The net cash flow from operating activities was -¥1,436,090,642.46, a significant decline of 632.96% compared to ¥269,456,061.74 in the previous year[6] - The total cash inflow from operating activities was CNY 730,413,218.06, an increase from CNY 610,684,375.53 in the previous period, representing a growth of approximately 19.7%[23] - The cash outflow from operating activities significantly increased to CNY 2,166,503,860.52 from CNY 341,228,313.79, resulting in a net cash flow from operating activities of -CNY 1,436,090,642.46, compared to CNY 269,456,061.74 in the previous period[23] - The cash inflow from financing activities totaled CNY 1,804,398,528.14, up from CNY 929,066,671.00, indicating a growth of approximately 94%[24] - The net cash flow from financing activities was CNY 1,197,192,955.60, a significant increase from CNY 125,793,577.17 in the previous period[24] - The cash and cash equivalents at the end of the period were CNY 451,741,411.54, compared to CNY 333,847,155.29 at the end of the previous period, reflecting an increase of approximately 35.3%[24] - The company incurred cash payments of CNY 565,007,669.60 for debt repayment, down from CNY 758,600,492.40 in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥13,665,505,939.95, reflecting an increase of 6.61% from ¥12,818,217,319.25 at the end of the previous year[3] - The total liabilities increased, with contract liabilities rising by 34.11% to ¥1,449,940,983.63, attributed to received housing sale payments[5] - The company’s total liabilities decreased from RMB 10.5 billion to RMB 10.1 billion, indicating a reduction of about 3.8%[18] - Total liabilities as of Q1 2023 amounted to CNY 7,072,900,119.50, a decrease from CNY 7,360,004,817.55 in the previous year[21] - Current liabilities decreased, with short-term borrowings falling to RMB 897.99 million from RMB 1.0205 billion, a reduction of approximately 12%[18] Investments and Capital Changes - The company's investment income showed a drastic decline of 912.08%, resulting in a loss of ¥6,594,948.75 compared to a profit of ¥812,103.88 in the previous year[5] - The company and its controlling shareholder Tianjin Tianbao Holdings Co., Ltd. jointly increased the capital of the wholly-owned subsidiary Tianjin Tianbao Chuangyuan Real Estate Development Co., Ltd. by a total of RMB 1.5017 billion, with the company's contribution being RMB 389.7 million and Tianbao Holdings contributing RMB 1.1112 billion[10] - After the capital increase, the registered capital of Tianbao Chuangyuan will rise from RMB 1.4 billion to RMB 2.512 billion, and the company's equity stake will decrease from 100% to 55.73%[10] - The company has entered into a sale-leaseback financing lease agreement with Tianjin Tianbao Leasing Co., Ltd. for a total financing amount of RMB 40 million, with a financing cost of 6.89% per annum[14] - The company has provided a guarantee for its wholly-owned subsidiaries to apply for a maximum loan amount of RMB 50 million from Tianjin Binhai New Area Tianbao Microfinance Co., Ltd., with a loan interest rate of 8%[14] Future Outlook - Future outlook includes a focus on cost control and potential market expansion strategies to improve profitability[22]