中南建设(000961) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥9.87 billion, a decrease of 11.30% compared to ¥11.13 billion in Q1 2023[4] - The net profit attributable to shareholders of the parent company was -¥600.80 million, showing an improvement of 9.74% from -¥665.65 million in the same period last year[4] - The net cash flow from operating activities was ¥23.06 million, a significant decline of 93.56% from ¥358.14 million in Q1 2023[4] - The total assets as of March 31, 2024, were ¥221.27 billion, down 2.48% from ¥226.91 billion at the end of 2023[4] - The company reported a 405.62% increase in investment income, reaching ¥271.22 million, compared to ¥53.64 million in Q1 2023[7] - The weighted average return on net assets improved by 2.29 percentage points to -2.43% from -4.72% year-on-year[4] - The company's net profit for Q1 2024 was CNY -480 million, an improvement of 24.6% year-on-year[12] - The real estate segment's revenue was CNY 9.57 billion, down 6.6% year-on-year, with a gross margin of 9.94%, up 0.94 percentage points[12] - The construction segment's revenue dropped significantly by 70.7% to CNY 240 million in Q1 2024[12] - The company's contract sales in the real estate sector amounted to CNY 4.73 billion, a decline of 60.7% year-on-year, with a sales area of 404,000 square meters[13] - The average selling price remained stable at CNY 11,950 per square meter, consistent with the full year of 2023[13] - The total comprehensive loss for Q1 2024 was approximately ¥481.73 million, compared to a loss of ¥638.84 million in Q1 2023[18] - The company reported a total profit loss of approximately ¥373.64 million for Q1 2024, an improvement from a loss of ¥436.30 million in Q1 2023[18] Cash Flow and Investments - The company had a cash inflow from operating activities of CNY 1.72 billion in Q1 2024, a decrease of 11.3% compared to the average in 2023[12] - As of the end of Q1 2024, the company's interest-bearing debt was CNY 42.84 billion, a reduction of CNY 420 million from the end of 2023[12] - The company experienced a net cash flow from investing activities of ¥39,940,972.52, an improvement from a negative cash flow of ¥418,344,535.96 in Q1 2023[19] - Cash inflow from investing activities was ¥110,193,072.92, down 49.6% from ¥218,843,495.10 in the previous year[19] - Cash outflow from investing activities decreased significantly to ¥70,252,100.40 from ¥637,188,031.06 in Q1 2023, a reduction of 89.0%[19] - The net cash flow from financing activities was -¥600,692,918.31, an improvement from -¥961,806,483.24 in Q1 2023[19] - Cash inflow from financing activities was ¥174,126,448.30, down 83.7% from ¥1,063,913,573.33 in the same period last year[19] - Cash outflow from financing activities decreased to ¥774,819,366.61 from ¥2,025,720,056.57 in Q1 2023, a reduction of 61.7%[19] - The ending balance of cash and cash equivalents was ¥3,609,661,281.55, down from ¥6,468,550,284.33 at the end of Q1 2023[19] Shareholder Information - The company’s major shareholder, Zhongnan Urban Construction Investment Co., Ltd., holds 37.94% of the shares, with a significant portion pledged or frozen[8] Expenses and Other Income - Research and development expenses were reported as zero for Q1 2024, compared to ¥91,453.38 in Q1 2023[18] - The company recorded other income of approximately ¥26.44 million in Q1 2024, compared to ¥17.24 million in Q1 2023[18] - The company experienced a decrease in sales expenses to approximately ¥266.64 million in Q1 2024 from ¥230.30 million in Q1 2023[18] - The company reported a significant increase in minority shareholders' profit to approximately ¥119.07 million in Q1 2024, compared to ¥26.42 million in Q1 2023[18]