海南发展(002163) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥747,013,684.04, representing a 41.59% increase compared to ¥527,586,138.58 in the same period last year[5] - The net loss attributable to shareholders was ¥34,062,183.02, an improvement of 19.97% from a loss of ¥42,560,159.83 in the previous year[5] - The net cash flow from operating activities improved to -¥267,940,589.36, a 22.52% reduction in loss compared to -¥345,806,551.55 in the same period last year[5] - The company's net loss for Q1 2023 was ¥574,254,200.55, compared to a loss of ¥540,192,017.53 in the previous year[22] - The net profit for Q1 2023 was -44,930,530.31 CNY, an improvement from -57,368,205.51 CNY in Q1 2022, representing a decrease in net loss of approximately 21.6%[25] - Operating profit for Q1 2023 was -52,302,574.15 CNY, compared to -60,798,957.58 CNY in the same period last year, indicating a reduction in operating loss of about 13.5%[25] - The total comprehensive income attributable to the parent company was -34,062,183.02 CNY, an improvement from -42,560,159.83 CNY in the previous year, reflecting a decrease in comprehensive loss of approximately 20.0%[25] Assets and Liabilities - The company's total assets decreased by 3.07% to ¥6,071,384,692.23 from ¥6,263,943,117.39 at the end of the previous year[5] - Total assets decreased to ¥6,071,384,692.23 from ¥6,263,943,117.39, a reduction of 3.1%[22] - Total liabilities decreased to ¥4,602,915,803.92 from ¥4,750,540,110.57, a decline of 3.1%[22] - The company's total current assets decreased to ¥3,302,072,390.00 from ¥3,475,173,299.08, a decline of 5.0%[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,268[10] - The company reported a total of 259,342,070 shares outstanding, with the largest shareholder, Hainan Development Holdings, owning 30.69%[11] - The company has a pledge of 129,671,034 shares, indicating potential financial leverage or risk[11] - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest holding being 217,934,203 shares[11] - The company has a significant number of shares under freeze, totaling 11,217,716 shares, which may affect liquidity[11] Operational Costs and Revenue - The company's operating costs increased by 44.64% to ¥715,335,692.85, in line with the rise in operating revenue[8] - Total operating costs for Q1 2023 were ¥805,605,782.58, up 36.3% from ¥590,974,840.15 in Q1 2022[24] - Total revenue from sales of goods and services received cash of 708,537,199.45 CNY, up from 620,108,887.36 CNY in the previous year, marking an increase of about 14.2%[26] Cash Flow - Cash and cash equivalents decreased to ¥844,113,301.72 from ¥1,077,160,853.44 at the beginning of the year, a decline of 21.7%[21] - Cash flow from operating activities showed a net outflow of -267,940,589.36 CNY, an improvement from -345,806,551.55 CNY in Q1 2022, reflecting a decrease in cash outflow of approximately 22.5%[26] - The company reported a net cash outflow from investing activities of -9,651,502.88 CNY, compared to -7,642,804.48 CNY in Q1 2022, indicating an increase in cash outflow of approximately 26.2%[27] - Cash flow from financing activities resulted in a net inflow of 40,857,895.89 CNY, down from 63,899,645.22 CNY in the same period last year, representing a decrease of about 36.1%[27] - The cash and cash equivalents at the end of Q1 2023 were 570,744,341.63 CNY, compared to 393,378,376.64 CNY at the end of Q1 2022, indicating an increase of about 45.0%[27] Research and Development - The company reported a significant increase in research and development expenses, which rose to ¥25,728,675.47 from ¥21,004,384.65, reflecting a growth of 22.5%[24] Urban Renewal Projects - The company is involved in a city renewal project in Shenzhen, which has progressed significantly since 2020, with approvals and agreements in place[13] - A guarantee of 797.6 million RMB was provided for a loan to Hainan Special Glass, with collateral linked to the city renewal project[16] - The company is in the process of injecting tax-free goods-related assets and business into its structure, following a commitment made in April 2021[18] - The company has not yet assumed actual performance obligations related to the guarantee, as it has not obtained property rights from the city renewal project[16] - The company is focused on maintaining shareholder interests, particularly for minority shareholders, through strategic asset injections[18] - The company is actively pursuing urban renewal initiatives, which are expected to enhance its asset base and operational capacity in the long term[15] Fair Value Changes - The company recorded a 52.41% improvement in fair value changes, with losses of -¥352,170.00 compared to -¥739,973.23 in the previous year[8] Equity and Returns - The weighted average return on equity improved to -2.57%, up by 2.27 percentage points from -4.84% in the previous year[5] Audit Information - The company did not undergo an audit for the Q1 2023 report[28]