Financial Performance - The company's operating revenue for Q1 2024 was ¥494,620,197.53, a decrease of 67.52% compared to the same period last year[3] - The net profit attributable to shareholders was ¥50,420,171.09, down 23.82% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥53,705,113.72, a decrease of 19.95% compared to the previous year[3] - The weighted average return on net assets was 1.32%, a decrease of 0.52 percentage points compared to the previous year[3] - The company's total comprehensive income for Q1 2024 was CNY 25,666,405.76, compared to CNY 13,771,574.66 in Q1 2023, reflecting a significant increase of approximately 86.5%[33] - The net profit for Q1 2024 was CNY 25,666,405.76, which is an increase of approximately 86.5% compared to CNY 13,771,574.66 in Q1 2023[32] Cash Flow - The net cash flow from operating activities was -¥77,782,584.90, indicating a significant cash outflow[3] - Cash flow from operating activities for Q1 2024 was negative at -¥77.78 million, compared to -¥40.68 million in Q1 2023[24] - The company experienced a significant drop in cash inflow from sales, totaling ¥733.27 million in Q1 2024, down 66.3% from ¥2,179.35 million in Q1 2023[24] - The net increase in cash and cash equivalents was -69,379,091.35 RMB, contrasting with an increase of 124,038,142.65 RMB in Q1 2023[36] - The ending balance of cash and cash equivalents was 15,448,412.16 RMB, down from 200,664,231.75 RMB year-over-year[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,110,153,170.72, a decrease of 1.45% from the end of the previous year[4] - Current assets totaled RMB 4.56 billion, down from RMB 4.68 billion at the end of 2023[15] - Non-current assets increased to RMB 1.55 billion from RMB 1.52 billion at the end of 2023[16] - Total liabilities decreased to RMB 2.29 billion from RMB 2.40 billion at the end of 2023[17] - The company's total liabilities decreased from CNY 645,928,906.38 in Q4 2023 to CNY 593,062,670.76 in Q1 2024, a reduction of about 8.2%[29] Real Estate Performance - The company's real estate project signed sales area was 16,500 square meters, a year-on-year decrease of 38.43%[10] - The signed sales amount for real estate projects was ¥162 million, down 41.69% year-on-year[10] Shareholder Actions - The company plans to repurchase shares with a total amount not less than RMB 30 million and not exceeding RMB 50 million, with a maximum repurchase price of RMB 6.52 per share[13] - As of March 31, 2024, the company had repurchased a total of 9.25 million shares, accounting for 1.32% of the total share capital, with a total payment of RMB 34.99 million[14] Other Business Segments - The mineral trading business reported sales revenue of RMB 262 million, a year-on-year decrease of 78.93%, with a net profit of RMB 4.24 million, down 20.79%[12] - Joint venture Junhai Network achieved sales revenue of RMB 179 million, a year-on-year decline of 46.16%, while net profit increased by 360.27% to RMB 29.68 million due to reduced promotional expenses and optimized personnel structure[12] Cost Management - Total operating costs for Q1 2024 were ¥454.49 million, down 68.4% from ¥1,440.54 million in Q1 2023[19] - The company reported a decrease in tax expenses to ¥9.16 million in Q1 2024 from ¥17.77 million in Q1 2023[19] - The company's management expenses rose from CNY 5,205,092.73 in Q1 2023 to CNY 6,000,395.67 in Q1 2024, an increase of about 15.3%[32]
卧龙地产(600173) - 2024 Q1 - 季度财报