OCT(000069)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥6,916,525,640.79, a decrease of 7.44% compared to ¥7,472,741,910.34 in the same period last year[3]. - The net profit attributable to shareholders was -¥302,667,804.61, representing a decline of 271.68% from ¥176,302,254.60 year-on-year[3]. - The basic earnings per share were -¥0.0369, a decrease of 268.49% from ¥0.0219 in the same period last year[3]. - The company reported a 429.18% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to -¥337,860,350.02 compared to -¥63,845,849.40 last year[3]. - The company reported a decrease in operating profit from ¥632,009,478.16 to ¥70,937,053.88, indicating challenges in operational efficiency[21]. - The financial expenses increased to ¥556,752,182.20 from ¥331,023,347.44, highlighting rising costs in financing[20]. - The tax expenses decreased significantly to ¥200,266,038.59 from ¥533,230,334.59, suggesting improved tax management[20]. - Basic earnings per share for the current period is -0.0369, down from 0.0219 in the previous period, reflecting the overall decline in profitability[21]. Cash Flow - The net cash flow from operating activities improved by 29.87%, amounting to -¥7,982,344,610.36 compared to -¥11,382,637,459.84 in the previous year[3]. - The total cash inflow from operating activities was CNY 14,649,830,772.34, a decrease of 7.24% compared to CNY 15,794,205,413.54 in the previous period[22]. - The cash outflow from operating activities amounted to CNY 22,632,175,382.70, down 16.83% from CNY 27,176,842,873.38 in the prior period[22]. - Cash inflow from financing activities reached CNY 22,997,110,364.96, an increase of 81.83% from CNY 12,656,355,035.27 in the previous period[23]. - The net cash flow from financing activities was CNY 3,870,769,446.15, a turnaround from CNY -1,098,134,535.23 in the prior year[23]. - The ending cash and cash equivalents balance was CNY 36,865,509,256.05, down from CNY 52,755,884,817.65 year-over-year[23]. - The company received CNY 21,886,969,908.34 in borrowed funds, significantly higher than CNY 10,190,869,013.62 in the previous period[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥394,802,423,012.30, reflecting a slight increase of 0.48% from ¥392,917,825,794.91 at the end of the previous year[3]. - The company's total liabilities rose to CNY 294.15 billion, compared to CNY 292.29 billion at the start of the year, indicating an increase of about 0.63%[18]. - The total equity attributable to shareholders decreased slightly to CNY 68.65 billion from CNY 68.86 billion, reflecting a decline of approximately 0.31%[19]. - Cash and cash equivalents decreased to CNY 37.19 billion from CNY 41.62 billion, a decline of about 10.00%[18]. - Inventory increased to CNY 199.52 billion from CNY 196.03 billion, marking a growth of about 1.27%[18]. - The company's contract liabilities increased to CNY 57.91 billion from CNY 54.67 billion, reflecting a growth of about 5.00%[18]. - The non-current liabilities totaled CNY 118.19 billion, up from CNY 111.11 billion, indicating an increase of approximately 6.36%[18]. Project Development - The company acquired a new land reserve project, Shunde Happy Coast PLUS Phase II, with a land area of 240,603.78 square meters and a planned construction area of 301,389.71 square meters, at a total price of 211.15 million yuan[8]. - The company has a cumulative land reserve across various projects, with a total land area of 1,448.26 hectares and a total planned construction area of 2,385.64 hectares, leaving a remaining developable area of 1,173.06 hectares[11]. - The total investment amount for major projects under development is approximately 18.40 billion yuan, with a cumulative investment of about 13.44 billion yuan[12]. - The cumulative completion area of all projects is approximately 3.92 million square meters, with a total planned construction area of about 8.61 million square meters[12]. - The company is focusing on market expansion, with multiple projects across cities like Shenzhen, Chengdu, and Nanjing[27][28][40]. - New product developments are underway, particularly in integrated complexes, which are expected to enhance revenue streams[28][36]. - Future guidance indicates a continued focus on residential and commercial developments, aiming for higher completion rates and revenue growth[56]. Sales Performance - The total sales area for the Shenzhen Longsheng project reached 30,733.77 square meters, generating sales revenue of 95,862.77 million yuan[13]. - The Nanchang Vanke Century Water Front project reported a cumulative sales area of 976,982.00 square meters, with sales amounting to 72,171.81 million yuan in the current period[13]. - The Dongguan Swan Castle Garden achieved a cumulative sales area of 112,490.96 square meters, with current period sales of 71,083.92 million yuan[13]. - The total sales area for the Suzhou Peach Creek Garden was 37,367.96 square meters, generating current period sales of 46,990.09 million yuan[13]. - The Xiangyang Swan Castle project recorded a cumulative sales area of 487,653.98 square meters, with current period sales of 39,788.98 million yuan[13]. - The Wuhan Happy Skyline project achieved a cumulative sales area of 242,933.53 square meters, with current period sales of 36,823.91 million yuan[13]. - The total revenue from the residential and commercial projects reached 513,295.56 million, with a significant contribution from various locations[56]. Occupancy Rates - The average leased area across all projects reached 1,448,148 square meters, with a cumulative leased area of 1,236,772 square meters, resulting in an average occupancy rate of 85%[16]. - The Shenzhen Happy Coast project has an average leased area of 108,200 square meters, with a cumulative leased area of 88,335 square meters, achieving an occupancy rate of 82%[16]. - The East Industrial Zone in Nanshan, Shenzhen, has an average leased area of 149,064 square meters, with a cumulative leased area of 139,246 square meters, resulting in a high occupancy rate of 93%[15]. - The "Bowling Alley" project in Nanshan, Shenzhen, has a 100% occupancy rate with an average leased area of 8,855 square meters, fully leased[15]. - The "Xiangshan Village" project in Nanshan, Shenzhen, has an average leased area of 6,196 square meters, with a 100% occupancy rate[15]. - The "Huizhou Industrial Park" project has an average leased area of 75,696 square meters, with a cumulative leased area of 71,346 square meters, achieving an occupancy rate of 94%[16].