Deluxe Family(600503)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 6,798,182.16, representing a decrease of 98.49% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 64,862,583.25, down 41.54% year-on-year[6]. - The basic earnings per share for the period was CNY 0.0405, a decrease of 41.47% year-on-year[6]. - The company reported a net loss for Q1 2022, with total operating income significantly lower than total operating costs, leading to a negative operating margin[19]. - The net profit for Q1 2022 was CNY 63,789,861.02, a decrease of 41.4% compared to CNY 109,009,299.41 in Q1 2021[20]. - The company reported a total profit of CNY 63,814,345.97, down 55.5% from CNY 143,185,707.09 in Q1 2021[20]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -21,105,567.09, an increase in outflow of 89.33% compared to the previous year[6]. - The company reported a net cash outflow from operating activities of CNY -21,105,567.09, improving from CNY -197,886,745.57 in Q1 2021[24]. - Investment activities generated a net cash inflow of CNY 55,531,607.30, compared to CNY 1,590,234.00 in the same period last year[24]. - The cash and cash equivalents at the end of Q1 2022 were CNY 74,644,026.21, down from CNY 255,468,925.48 at the end of Q1 2021[25]. - Cash and cash equivalents as of March 31, 2022, were RMB 75,989,443.47, an increase from RMB 65,478,612.34 as of December 31, 2021, reflecting a growth of approximately 23.0%[15]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,128,784,605.71, reflecting a 1.57% increase from the end of the previous year[7]. - Total assets as of March 31, 2022, were RMB 5,128,784,605.71, compared to RMB 5,049,755,776.39 at the end of 2021, indicating an increase of about 1.6%[17]. - Total liabilities as of March 31, 2022, were RMB 1,378,571,735.86, up from RMB 1,363,257,546.45, reflecting a rise of approximately 1.1%[17]. - The company's total equity attributable to shareholders was RMB 3,774,815,056.94 as of March 31, 2022, compared to RMB 3,710,027,694.80 at the end of 2021, indicating an increase of about 1.7%[17]. Operating Costs and Expenses - The company experienced a 98.07% decrease in operating costs, primarily due to reduced revenue recognition from real estate projects[9]. - Total operating costs for Q1 2022 amounted to RMB 36,280,896.12, compared to RMB 339,802,518.08 in Q1 2021, indicating a decrease of about 89.3%[19]. - The company incurred total sales expenses of CNY 1,304,144.67, compared to CNY 1,071,870.58 in the previous year, reflecting a 21.7% increase[20]. - Research and development expenses increased to CNY 1,207,131.26 from CNY 882,966.88, marking a 36.7% rise year-over-year[20]. - The company's financial expenses decreased to CNY 5,275,098.07 from CNY 6,878,715.00, a reduction of 23.3%[20]. Prepayments and Borrowings - The company reported a significant increase in prepayments by 365.51%, mainly due to increased advance payments for engineering projects[9]. - Prepayments increased significantly to RMB 31,731,249.36 from RMB 6,816,420.98, representing a growth of approximately 366.5%[15]. - Short-term borrowings doubled, increasing by 100% due to additional borrowings by subsidiaries during the reporting period[9]. Shareholder Returns - The weighted average return on equity was 1.73%, a decrease of 1.15 percentage points compared to the previous year[6].