万方发展(000638) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥27,618,062.96, a decrease of 24.66% compared to the same period last year[5] - The net loss attributable to shareholders was ¥3,484,367.38, showing an improvement of 5.31% year-on-year[5] - Basic and diluted earnings per share were both -¥0.0112, reflecting a 5.88% improvement from the same period last year[5] - Net profit for Q1 2024 was a loss of CNY 4,265,045.16, compared to a loss of CNY 4,187,955.96 in the same period last year[26] - Total operating revenue for Q1 2024 was CNY 27,618,062.96, a decrease from CNY 36,657,977.24 in the previous period[24] - Total operating costs for Q1 2024 were CNY 32,450,655.45, down from CNY 42,290,809.97 year-over-year[24] - Cash received from sales and services in Q1 2024 was CNY 24,981,301.81, down from CNY 28,254,354.18 in the previous year[27] - Other comprehensive income after tax for Q1 2024 was CNY 17,277.51, compared to a loss of CNY 44,214.32 in the same period last year[26] Cash Flow - The net cash flow from operating activities improved significantly, reaching -¥1,816,828.91, a 92.77% increase compared to the previous year[5] - The company reported a net cash outflow from operating activities of CNY -1,816,828.91, significantly improved from CNY -25,124,379.37 in the previous year[27] - The net cash flow from investment activities was -1,158,461.85, compared to -1,622,320.00 in the previous period, indicating a decrease of approximately 28.5%[28] - Cash inflow from financing activities totaled 13,077,682.20, a significant increase from 4,010,762.59 in the prior period, representing a growth of about 226.5%[28] - The net cash flow from financing activities was 7,891,601.05, up from 3,699,378.75, reflecting an increase of approximately 113.0%[28] - The net increase in cash and cash equivalents for the period was 4,916,310.29, contrasting with a decrease of 23,047,320.62 in the previous period[28] - The ending balance of cash and cash equivalents was 33,953,465.01, compared to 74,021,171.44 at the end of the previous period, showing a decline of about 54.1%[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥459,116,611.85, a decrease of 1.23% from the end of the previous year[5] - The company’s total assets as of March 31, 2024, amounted to RMB 459,116,611.85, a decrease from RMB 464,828,366.53 at the beginning of the period[20] - The company’s current liabilities totaled RMB 221,173,080.91, down from RMB 226,054,736.81 at the beginning of the period[21] - Total liabilities at the end of Q1 2024 were CNY 247,484,859.95, down from CNY 251,932,234.06 at the beginning of the period[22] - Total equity attributable to shareholders of the parent company was CNY 164,432,481.80, a slight decrease from CNY 164,916,636.71 at the start of the quarter[22] Expenses - Sales expenses increased by 27.58% to ¥709,800, mainly due to market expansion efforts by a subsidiary[8] - Management expenses decreased by 26.39% to ¥3,844,100, attributed to the non-recognition of stock incentive expenses this period[8] - Financial expenses rose by 25.92% to ¥1,627,800, primarily due to increased interest expenses from subsidiaries[8] - The company incurred research and development expenses of CNY 364,912.73 during the quarter[24] Shareholder and Legal Matters - The company’s major shareholder, Beijing Wanfangyuan Real Estate Development Co., Ltd., had 25.74 million shares of "Wanfang Development" frozen by the court, reducing its holdings to 9.086 million shares, which is 29.18% of the total shares[15] - The company’s major shareholder is currently involved in a legal case regarding the sale of 9.086 million shares to repay debts, which may lead to a change in control if the ruling is upheld[16] Transactions - The company agreed to sell its 100% stake in Beijing Tianyuan Real Estate Development Co., Ltd. for RMB 90 million, with the transaction progressing through various board meetings[17] - As of the report date, the company has received all payments from Beijing Tianyuan as per the share transfer agreement, and the transfer of 86.3333% equity has been completed[18] - Cash and cash equivalents increased to RMB 33,958,465.01 from RMB 29,042,154.72[20] - Accounts receivable decreased slightly to RMB 42,028,868.79 from RMB 43,465,356.68[20] - The company’s inventory decreased to RMB 33,477,572.30 from RMB 37,378,940.07[20] - The company’s long-term investments in equity decreased to RMB 62,192,278.69 from RMB 62,642,844.01[21]