Financial Performance - The company's operating revenue for Q1 2024 was ¥6,964,090,146.28, representing a decrease of 51.50% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was -¥275,993,649.48, a decline of 154.35% year-on-year[4] - The net cash flow from operating activities was -¥918,661,417.56, with no applicable year-on-year comparison[4] - The company reported a basic earnings per share of -¥0.06, reflecting a decrease of 154.55% year-on-year[4] - Net profit for Q1 2024 was a loss of CNY 229,538,258.80, compared to a profit of CNY 220,060,342.76 in Q1 2023[20] - In Q1 2024, the company reported a total comprehensive income of -254,277,275.76 CNY, a significant decrease from 415,074,725.47 CNY in Q1 2023[21] - Basic and diluted earnings per share were both -0.06 CNY, compared to 0.11 CNY in the same period last year[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥367,900,282,296.06, down 1.59% from the end of the previous year[5] - The total assets of the company as of March 31, 2024, were approximately 367.90 billion RMB, a decrease from approximately 373.85 billion RMB at the end of 2023[15] - Total liabilities decreased to CNY 251,681,381,684.97 in Q1 2024 from CNY 256,945,980,912.44 in Q1 2023, a reduction of approximately 2.6%[17] - The company's total current liabilities were CNY 194,288,032,398.85 in Q1 2024, down from CNY 198,715,809,752.78 in Q1 2023, a decrease of about 2.4%[16] - The company's total equity was CNY 116,218,900,611.09 in Q1 2024, slightly down from CNY 116,900,819,088.22 in Q1 2023[17] - The total equity attributable to shareholders was ¥64,805,397,537.13, a slight decrease of 0.39% from the previous year[5] Cash Flow - The company's cash and cash equivalents as of March 31, 2024, amounted to approximately 24.42 billion RMB, down from approximately 29.74 billion RMB at the end of 2023[14] - Cash inflow from operating activities totaled 14,514,713,416.09 CNY, down from 44,636,017,930.14 CNY in Q1 2023, indicating a decline of approximately 67.5%[23] - The net cash outflow from operating activities was -918,661,417.56 CNY, an improvement from -4,570,865,622.04 CNY in Q1 2023[23] - Cash inflow from investment activities was 241,532,548.52 CNY, a decrease from 1,618,740,555.04 CNY in the previous year[23] - The net cash outflow from financing activities was -4,500,308,595.78 CNY, compared to -1,176,375,696.05 CNY in Q1 2023, reflecting a worsening cash flow situation[24] - The ending balance of cash and cash equivalents was 23,402,873,522.64 CNY, down from 49,847,359,410.06 CNY at the end of Q1 2023[24] Operational Metrics - The company had a total of 112,095 common shareholders at the end of the reporting period[8] - The largest shareholder, Fude Life Insurance Co., Ltd., held 21.69% of the shares, totaling 979,419,165 shares[8] - In Q1 2024, the company completed a total new construction area of approximately 277,726 square meters and a total completion area of approximately 1,448,956 square meters, with a signed area of approximately 984,296 square meters and a signed amount of approximately 167.3 billion RMB[10] - The total rental income for Q1 2024 reached approximately 1,673.18 million RMB, with a rental rate of 75% in Shenzhen[12] - The company has a total of 3 office and commercial properties in Beijing and Shenzhen, generating a total rental income of approximately 32.35 million RMB in Q1 2024[12] Strategic Initiatives - The company plans to expand its market presence and enhance its product offerings in the upcoming quarters[10] - The company aims to improve its operational efficiency and explore new strategic initiatives to drive growth[10] Investment and Expenses - Operating costs for Q1 2024 were CNY 5,912,561,248.88, down 50% from CNY 11,828,406,064.16 in Q1 2023[18] - Research and development expenses decreased to CNY 13,512,357.67 in Q1 2024 from CNY 36,057,761.25 in Q1 2023, a decline of 62.5%[18] - Interest income for Q1 2024 was CNY 284,849,560.77, down 59.8% from CNY 690,319,804.85 in Q1 2023[20] - The company reported investment income of CNY 271,671,604.80 in Q1 2024, compared to a loss of CNY 203,698,525.58 in Q1 2023[20] - The total amount of contract liabilities increased to CNY 68,571,226,639.64 in Q1 2024 from CNY 65,813,071,767.02 in Q1 2023, an increase of approximately 4%[16] Inventory and Receivables - Accounts receivable increased to approximately 1.72 billion RMB in Q1 2024, compared to approximately 1.63 billion RMB in the previous year[14] - The company reported a decrease in inventory to approximately 131.26 billion RMB in Q1 2024, down from approximately 132.91 billion RMB in the previous year[15] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2024[25]
金地集团(600383) - 2024 Q1 - 季度财报