华远地产(600743) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 100,284.66 million, a decrease of 31.45% compared to the same period last year[3]. - The net profit attributable to shareholders was CNY -13,234.90 million, with a net profit excluding non-recurring gains and losses of CNY -15,227.47 million[3]. - The net cash flow from operating activities was CNY -85,721.41 million, representing a decline of 216.74% year-on-year[3]. - The company reported a basic and diluted earnings per share of CNY -0.081[3]. - The weighted average return on net assets was -29.51%[3]. - Total operating revenue for Q1 2024 was ¥1,002,846,617.12, a decrease of 31.4% compared to ¥1,462,961,487.23 in Q1 2023[16]. - Net profit for Q1 2024 was a loss of ¥130,950,973.07, compared to a loss of ¥94,275,564.59 in Q1 2023, representing a 38.8% increase in losses year-over-year[17]. - The company reported a total profit loss of ¥108,718,265.92 for Q1 2024, compared to a loss of ¥94,529,157.92 in Q1 2023[16]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,084,120.97 million, an increase of 0.93% from the end of the previous year[3]. - The company's total assets amounted to ¥12,491,666,060.87, an increase from ¥10,150,539,475.67 as of December 31, 2023, representing a growth of approximately 23.06%[21]. - The company's total liabilities increased slightly to CNY 27,555,130,003.83 from CNY 27,058,352,114.80, marking an increase of approximately 1.8%[13]. - Total liabilities as of March 31, 2024, were ¥9,932,982,072.14, up from ¥7,592,663,062.45 at the end of 2023, indicating an increase of about 30.73%[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,374[7]. - The largest shareholder, Beijing Huayuan Group Co., Ltd., held 1,102,184,908 shares, accounting for 46.98% of the total shares[7]. - There were no significant changes in the shareholder structure or major shareholder activities reported during the period[10]. Cash Flow and Financing - Cash flow from operating activities for Q1 2024 was a net outflow of ¥857,214,086.36, contrasting with a net inflow of ¥734,322,678.32 in Q1 2023[19]. - Cash inflow from financing activities in Q1 2024 was ¥5,488,633,685.73, a significant increase from ¥603,162,640.47 in Q1 2023[20]. - The net cash flow from financing activities was 2,129,127,085.00 RMB, a turnaround from -165,072,471.96 RMB in Q1 2023, showcasing improved financing conditions[27]. - The company raised 5,290,000,000.00 RMB through borrowings in Q1 2024, marking a significant influx of capital compared to the previous year[26]. - The total cash inflow from financing activities was 5,290,000,000.00 RMB, with no inflow recorded in Q1 2023, highlighting a shift in financing strategy[26]. Operational Costs and Expenses - Total operating costs for Q1 2024 were ¥1,134,011,434.36, down 26.9% from ¥1,551,941,367.11 in Q1 2023[16]. - The company incurred financial expenses of ¥126,616,978.77 in Q1 2024, significantly higher than ¥28,769,330.33 in Q1 2023[16]. - Management expenses decreased to ¥831,488.51 in Q1 2024 from ¥2,201,772.63 in Q1 2023, reflecting a reduction of approximately 62.24%[24]. - The financial expenses for Q1 2024 were reported as -¥1,636,675.10, compared to ¥868,373.95 in Q1 2023, indicating a significant change in financial management[24]. Inventory and Investments - The company's inventory as of March 31, 2024, was CNY 16,188,886,783.80, down from CNY 16,706,452,961.74, reflecting a decrease of approximately 3.1%[12]. - Long-term investments stood at CNY 447,948,923.24, slightly down from CNY 449,394,378.86, indicating a minor decrease of about 0.3%[12]. Future Outlook - The company's total revenue for Q1 2024 will be detailed in the upcoming financial report, with expectations for growth based on market conditions[14]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products and technologies were not detailed in the current report[14].