荣盛发展(002146) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 11,113,596,446.21, representing an increase of 81.56% compared to CNY 6,121,035,167.57 in the same period last year[5] - Net profit attributable to shareholders was CNY 51,264,986.45, a significant turnaround from a loss of CNY 641,634,633.96 in the previous year, marking a 107.99% increase[5] - The basic earnings per share improved to CNY 0.01 from a loss of CNY 0.15, reflecting a 106.67% increase[5] - The net profit for the first quarter of 2024 was CNY 413,033,573.09, a significant recovery from a net loss of CNY 421,631,798.01 in the same period last year[27] - Operating profit reached CNY 585,187,481.77, compared to an operating loss of CNY 216,359,985.61 in the previous year[27] - The company reported a total comprehensive income of CNY 401,321,560.12, compared to a total comprehensive loss of CNY -238,325,628.81 in the same quarter last year[27] - Basic and diluted earnings per share were both CNY 0.01, recovering from a loss of CNY -0.15 per share in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 197,721,945,430.20, down 3.95% from CNY 205,857,400,571.34 at the end of the previous year[5] - Total liabilities decreased from ¥179,488,962,692.69 to ¥170,928,155,240.29, indicating a decline of approximately 4.1%[25] - The company reported a decrease in inventory from ¥135,885,797,147.81 to ¥129,176,804,348.40, a reduction of about 5.0%[23] - Long-term equity investments slightly decreased from ¥2,660,627,565.63 to ¥2,624,288,453.67, a decline of approximately 1.4%[23] - The total equity attributable to shareholders increased to ¥23,628,342,740.01 from ¥23,591,241,153.18, a slight increase of approximately 0.2%[25] Cash Flow - Cash flow from operating activities was negative at CNY -426,720,888.92, a decrease of 11.02% compared to CNY -384,357,294.35 in the previous year[5] - The net cash flow from operating activities was negative at CNY -426,720,888.92, slightly worse than the previous year's negative cash flow of CNY -384,357,294.35[29] - Cash and cash equivalents decreased to ¥4,496,737,768.40 from ¥5,230,883,872.55, a decline of approximately 14.0%[23] - Cash and cash equivalents at the end of the period stood at CNY 4,355,628,735.26, down from CNY 7,872,918,799.64 at the end of the previous year[30] - The cash flow from financing activities was negative at CNY -266,960,324.47, an improvement from the previous year's negative cash flow of CNY -526,700,277.43[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 124,877[15] - The largest shareholder, Rongsheng Holdings, held 21.81% of the shares, with a total of 948,480,241 shares, of which 794,101,843 shares were pledged[15] - As of March 31, 2024, the top ten shareholders include Rongsheng Holdings Co., Ltd. with 948,480,241 shares and Rongsheng Construction Engineering Co., Ltd. with 361,965,692 shares[17] - The company reported a total of 110,110,300 shares involved in margin trading by major shareholders[17] - The company has a significant number of shares held by natural persons, with Liu Xueliang holding 23,092,608 shares[17] - The company’s financing activities include participation in margin trading by shareholder He Qilin, who holds 18,803,100 shares[17] Future Plans and Transactions - The company plans to issue up to 1,304,449,155 A-shares to raise a total of no more than RMB 2,874 million, primarily for real estate projects related to "ensuring delivery and safeguarding people's livelihoods" and to supplement working capital[18] - The company is in the process of acquiring 76.45% of Rongsheng Mengguli New Energy Technology Co., Ltd. through a share issuance and related fundraising[19] - The company has not identified any factors that could lead to the cancellation or substantial change of the proposed asset restructuring transaction[20] - The company is actively advancing the due diligence, auditing, and evaluation processes related to the proposed transaction[20] - The company has disclosed its plans to issue shares to specific investors, which was approved in multiple board meetings throughout 2023[19] Operating Costs - The company reported a significant increase in operating costs, which rose by 80.01% to CNY 9,360,773,391.13, attributed to increased project settlements[12] - Total operating costs amounted to ¥10,450,415,831.86, compared to ¥6,069,958,842.62 in the same period last year, reflecting a 72.5% increase[26]