Financial Performance - Net profit attributable to shareholders decreased by 631.88% due to reduced revenue and profit from the real estate development segment[17]. - Operating income fell by 58.82%, primarily due to a decrease in revenue from the real estate development segment[17]. - Basic earnings per share decreased by 600.00% as a result of reduced net profit attributable to ordinary shareholders[17]. - The company recorded a total profit of CNY -169,840,698, reflecting significant losses[4]. - The net profit attributable to shareholders of the listed company was a loss of RMB 173,760,528, representing a decline of 631.88% year-on-year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 181,647,770, a decrease of 4,197.21% compared to the previous year[26]. - The company reported a net loss of ¥223,170,760 in Q1 2024, compared to a net profit of ¥48,146,359 in Q1 2023[118]. Revenue and Income - The company reported a total revenue of CNY 1,599,551,000 for the first quarter of 2024[3]. - The company's operating revenue for the reporting period was RMB 1,723,183,957, a decrease of 58.82% compared to the same period last year[26]. - Operating revenue for Q1 2024 was 394,916,593, a decrease of 23.4% compared to 515,391,002 in Q1 2023[153]. Cash Flow - Net cash flow from operating activities decreased by 136.25% due to a reduction in cash received from sales of goods and services[17]. - The net cash flow from operating activities was a negative RMB 308,131,849, down 136.25% year-on-year[26]. - In Q1 2024, the net cash flow from operating activities was ¥63,720,917, a decrease of 31.3% compared to ¥92,741,595 in Q1 2023[107]. - The net cash flow from investing activities in Q1 2024 was -¥321,840,656, compared to a positive cash flow of ¥1,173,270,227 in Q1 2023[112]. - The company reported a net increase in cash and cash equivalents of -1,020,733,347 for Q1 2024, compared to an increase of 3,689,853,076 in Q1 2023[133]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 54,322,259,266, a decrease of 3.38% compared to the previous year[15]. - The company’s total liabilities at the end of the reporting period were CNY 41,650,436,474, reflecting a significant financial position[15]. - Total current assets decreased from ¥43,677,842,676 to ¥41,908,096,344, a decline of approximately 4.05%[39]. - The total cash and cash equivalents at the end of Q1 2024 were ¥5,653,976,506, down 41.5% from ¥9,620,265,915 at the end of Q1 2023[108]. - The company’s total liabilities decreased from 34,493,000,000 in Q4 2023 to 32,932,840,494 in Q1 2024[140]. Operational Metrics - The total land reserve remained at 4.2477 million square meters, with no new real estate reserves added during the reporting period[33]. - The company achieved a sales area of 45,400 square meters, a year-on-year decrease of 71.61%, with a sales amount of RMB 644 million, down 71.74%[33]. - The total construction area for conference centers and commercial properties was 367,900 square meters, generating total operating income of RMB 115.6 million[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 129,786[20]. - The total equity attributable to shareholders decreased from ¥12,845,583,320 to ¥12,671,822,792, a decline of approximately 1.35%[55]. Future Outlook - The company plans to explore market expansion opportunities and new product development strategies in the upcoming quarters[153]. - The company has no new strategies or mergers and acquisitions reported during this period[33].
北京北辰实业股份(00588) - 2024 Q1 - 季度业绩