BLACK PEONY(SH:600510)2024-04-22 13:14Financial Performance - The company's operating revenue for Q1 2024 was ¥460,547,068.43, representing a decrease of 74.47% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥57,677,636.22, down 45.59% year-over-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥57,964,043.56, a decrease of 44.16% compared to the previous year[4]. - The basic earnings per share for the quarter was ¥0.06, reflecting a decline of 40.00% year-over-year[4]. - The diluted earnings per share also stood at ¥0.06, down 40.00% from the same period last year[4]. - The decline in revenue and profit was primarily due to the delivery cycle of real estate projects and a decrease in sales of commercial housing compared to the previous year[8]. - Total operating revenue for Q1 2024 was ¥460,547,068.43, a significant decrease from ¥1,804,144,182.86 in Q1 2023, representing a decline of approximately 74.5%[18]. - Net profit for Q1 2024 was ¥52,506,372.27, compared to ¥105,716,042.94 in Q1 2023, reflecting a decrease of approximately 50.3%[19]. - Basic earnings per share for Q1 2024 were ¥0.06, down from ¥0.10 in Q1 2023, indicating a decline of 40%[20]. - The company reported a total comprehensive income of ¥182,402,487.44 for Q1 2024, compared to ¥62,776,322.59 in Q1 2023, representing an increase of approximately 189.5%[20]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥872,459,302.78, an increase of 3.28% compared to the previous year[4]. - The cash flow from operating activities for Q1 2024 showed a total inflow of 688,817,917.60 RMB in Q1 2024, down from 942,318,100.48 RMB in Q1 2023, a decline of about 26.9%[23]. - In Q1 2024, the net cash flow from operating activities was -872,459,302.78 RMB, slightly improved from -902,057,086.30 RMB in Q1 2023[23]. - The cash flow from operating activities for Q1 2024 was -¥17,084,391.20, compared to -¥15,134,779.04 in Q1 2023[33]. - The cash and cash equivalents at the end of Q1 2024 were 2,245,858,315.85 RMB, compared to 2,782,982,184.89 RMB at the end of Q1 2023, indicating a decrease of about 19.3%[23]. - The ending cash and cash equivalents balance for Q1 2024 was ¥181,756,414.43, up from ¥123,779,114.29 in Q1 2023[34]. Assets and Liabilities - Total assets at the end of the quarter were ¥29,250,972,617.46, a decrease of 2.32% from the end of the previous year[6]. - Total current assets as of March 31, 2024, amounted to ¥23,393,155,461.83, a decrease from ¥24,354,937,807.83 as of December 31, 2023[14]. - Total assets decreased to ¥29,250,972,617.46 from ¥29,946,503,957.73[14]. - The total liabilities decreased to ¥18,071,062,666.74 in Q1 2024 from ¥18,936,251,200.27 in Q1 2023, a reduction of about 4.6%[16]. - The total liabilities decreased to 6,274,684,527.71 RMB in Q1 2024 from 6,539,956,169.18 RMB in Q4 2023, showing a reduction of approximately 4.1%[27]. - The total equity increased to ¥11,179,909,950.72 in Q1 2024 from ¥11,010,252,757.46 in Q1 2023, showing an increase of approximately 1.5%[16]. - The company's total equity increased to 5,981,590,153.27 RMB in Q1 2024, up from 5,854,279,535.51 RMB in Q4 2023, reflecting a growth of about 2.2%[28]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 38,330[10]. - The largest shareholder, Changgao New Group Co., Ltd., holds 50.23% of shares, totaling 522,662,086 shares[10]. - The second-largest shareholder, Changzhou State-owned Assets Investment Management Co., Ltd., owns 9.27% of shares, totaling 96,458,412 shares[11]. Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥366,019,690.43, down from ¥1,645,018,774.77 in Q1 2023, indicating a reduction of about 77.7%[18]. - Research and development expenses for Q1 2024 were ¥5,842,833.87, slightly up from ¥5,615,419.59 in Q1 2023, indicating a marginal increase of about 4%[18]. - The company recorded a financial expense of -¥32,231,341.78 in Q1 2024, a significant improvement compared to ¥24,927,117.74 in Q1 2023[18]. - Cash outflow from investing activities was -10,406,961.87 RMB in Q1 2024, compared to -1,642,230.29 RMB in Q1 2023, indicating a significant increase in investment expenditures[23]. - Cash flow from investing activities for Q1 2024 was -¥10,609,778.00, a significant increase from -¥1,055,131.00 in Q1 2023[34]. - The cash outflow from financing activities was -1,963,415,671.35 RMB in Q1 2024, down from -2,275,290,028.87 RMB in Q1 2023, representing a decrease of approximately 13.8%[23].