5i5j(000560)2024-04-25 10:22Financial Performance - The company's operating revenue for Q1 2024 was ¥2,752,745,220.69, a decrease of 12.60% compared to ¥3,149,475,668.28 in the same period last year[3] - Net profit attributable to shareholders was ¥25,378,707.81, down 50.97% from ¥51,762,988.23 year-on-year[3] - The net profit after deducting non-recurring gains and losses was -¥54,773,078.80, a decline of 222.98% compared to ¥44,539,297.75 in the previous year[3] - Basic earnings per share were ¥0.0108, down 50.91% from ¥0.022 in the previous year[5] - Total operating revenue for Q1 2024 was CNY 2,752,745,220.69, a decrease of 12.6% from CNY 3,149,475,668.28 in the previous year[34] - Net profit for Q1 2024 was CNY 29,177,664.39, a decline of 47.2% compared to CNY 55,216,221.96 in the same period last year[38] - Earnings per share for Q1 2024 were CNY 0.0108, down from CNY 0.022 in the previous year[38] Cash Flow and Assets - The net cash flow from operating activities was ¥976,465,518.23, a decrease of 10.07% from ¥1,085,794,051.78 in the same period last year[3] - Cash and cash equivalents at the end of Q1 2024 amounted to approximately 3.31 billion yuan, down from 3.56 billion yuan at the beginning of the period[30] - The total current assets as of March 31, 2024, were approximately 11.09 billion yuan, compared to 11.80 billion yuan at the beginning of the period[30] - The total cash and cash equivalents at the end of Q1 2024 were approximately 3.77 billion at the end of Q1 2023[43] Investment and Expenses - Research and development expenses increased by 155.00% to ¥17,831,347.79 from ¥6,992,722.10 in the same period last year[10] - Total operating costs for Q1 2024 were CNY 3,096,284,456.91, down 8.0% from CNY 3,365,993,115.66 in the previous year[36] - The net cash flow from investing activities was approximately 2.08 billion in the same period last year[41] - Cash inflow from investing activities amounted to 2.39 billion in Q1 2023[41] - Cash outflow from investing activities was 317.08 million in the previous year[41] Market Performance - The company reported a significant increase in other operating income, which rose by 584.62% to ¥12,807,353.67 from ¥1,870,725.02 in the previous year[10] - The overall transaction volume of second-hand houses in first-tier cities decreased compared to the same period last year, with Beijing down 27.7% and Shanghai down 21.9%[19] - The company's market share in first-tier cities continued to rise, with a 0.5 percentage point increase in both Shanghai and Hangzhou compared to the previous year[20] - The company's second-hand housing market performance is expected to improve as policies stimulate market activity[19] Strategic Focus - The company focused on operational management and cost control to enhance market share amid industry pressure[20] - The company has accelerated its digital transformation to enhance competitiveness in the digital field, focusing on building a comprehensive digital operation platform[22] - The company is focusing on enhancing brand influence through diversified community service models and strengthening cooperation with upstream and downstream companies[22] - The company has made systematic revisions to its governance structure to improve operational standards in accordance with the latest laws and regulations[26] Liabilities and Financing - Total liabilities decreased to CNY 22,461,921,701.72 from CNY 22,819,948,662.95[34] - The company provided guarantees for subsidiaries' debt financing, including a maximum guarantee of 40 million yuan for Kunming Department Store and 250 million yuan for Beijing I Love My Home Real Estate Brokerage[23][24] - The net cash flow from financing activities was negative 2.81 billion in Q1 2023[43] - Cash inflow from financing activities was 1.30 billion in the previous year[43]