RiseSun(SZ:002146)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥6,121,035,167.57, representing a 60.46% increase compared to ¥3,814,649,125.92 in the same period last year[5]. - The net profit attributable to shareholders was -¥641,634,633.97, an improvement of 35.84% from -¥1,000,046,274.84 year-on-year[5]. - Basic earnings per share were -¥0.15, up 42.31% from -¥0.26 in the same period last year[5]. - The total comprehensive income for the reporting period was -¥238,325,628.82, an increase of 78.95% from -¥1,132,012,307.44 year-on-year[14]. - The net profit for Q1 2023 was a loss of CNY 421,631,798.02, compared to a loss of CNY 1,130,183,059.95 in Q1 2022, showing an improvement of approximately 62.7%[39]. - The total comprehensive income attributable to the parent company for Q1 2023 was -¥458.33 million, compared to -¥1.00 billion in the same period last year[43]. Cash Flow - The net cash flow from operating activities was -¥384,357,294.35, a significant decline of 116.93% compared to ¥2,269,970,299.57 in the previous year[5]. - The cash received from sales of goods and services was ¥3,309,573,837.41, a decrease of 66.00% compared to ¥9,733,897,650.77 in the same period last year[16]. - The cash paid for purchasing goods and accepting services in the reporting period was ¥3,540,584,708.43, a decrease of 39.44% compared to ¥5,846,502,932.87 in the same period last year, primarily due to reduced engineering procurement payments[17]. - The cash paid to employees and for employee benefits was ¥436,510,327.35, down 35.40% from ¥675,764,378.35 year-on-year, mainly due to a reduction in employee compensation[17]. - The cash paid for various taxes was ¥221,874,303.25, a significant decrease of 82.72% from ¥1,284,243,853.78 in the previous year, attributed to reduced sales collections in the real estate sector[17]. - The company reported a total cash inflow from operating activities of ¥5.55 billion, down 55.0% from ¥12.35 billion in the previous year[44]. - The cash outflow for operating activities was ¥5.93 billion, a decrease from ¥10.08 billion in Q1 2022[44]. Assets and Liabilities - Total assets at the end of the reporting period were ¥245,725,458,004.80, a decrease of 1.54% from ¥249,566,123,153.43 at the end of the previous year[5]. - The total liabilities decreased to CNY 220,727,022,874.36 in Q1 2023 from CNY 224,518,652,595.04 in Q1 2022, reflecting a reduction of about 1.8%[36]. - The total equity attributable to shareholders of the parent company was ¥22,608,381,762.96, down 41.46% from ¥38,620,205,441.80 in the same period last year, primarily due to a decrease in undistributed profits[25]. - The company reported a decrease in the total equity attributable to shareholders of the parent company from CNY 23,278,010,411.86 to CNY 22,608,381,762.96, a decline of approximately 2.9%[37]. Investment and Financing Activities - The company's investment income was -¥114,819,950.85, a decrease of 139.94% from -¥47,853,481.73 in the previous year[10]. - The net cash flow from investing activities was ¥21.56 million, an improvement from -¥85.50 million in the previous year[44]. - The net cash flow from financing activities was -¥526.70 million, compared to -¥5.39 billion in Q1 2022, indicating a reduced outflow[44]. - The company plans to issue up to 1,304,449,155 A-shares to no more than 35 specific investors, aiming to raise up to CNY 3 billion for real estate projects and working capital[29]. - The company received approval from the China Securities Regulatory Commission for its non-public offering of A-shares on January 31, 2023[30]. - The company is currently undergoing a review process by the Shenzhen Stock Exchange regarding its application for the issuance of shares to specific investors[32]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 91,569, with the largest shareholder, Rongsheng Holdings Co., Ltd., holding 23.41% of the shares[27]. - The top shareholder, Rongsheng Holdings, holds approximately 1.02 billion shares, representing a significant portion of the company's equity[28]. - The company has engaged in margin financing activities, with major shareholders participating in various securities firms, including Rongsheng Holdings with 145.28 million shares[28]. Inventory and Receivables - Total receivables amounted to approximately CNY 26.04 billion, slightly down from CNY 26.51 billion, reflecting a decrease of about 1.8%[34]. - The company's inventory stood at approximately CNY 166.19 billion, a decrease from CNY 168.21 billion, representing a decline of about 1.2%[34]. Other Financial Metrics - The company's operating costs increased by 47.58% to ¥5,200,217,762.26, compared to ¥3,523,746,657.54 in the previous year[9]. - The company's sales expenses decreased by 40.46% to ¥212,675,780.32, down from ¥357,172,547.98 year-on-year[9]. - The company's financial expenses for Q1 2023 were CNY 260,385,206.13, slightly down from CNY 275,110,331.81 in Q1 2022, reflecting a decrease of approximately 5.4%[38]. - The company has seen a slight decline in its trading financial assets, which decreased to approximately CNY 173.50 million from CNY 199.34 million, a drop of about 13.0%[34].