Gemdale(SH:600383)2014-04-27 16:00Financial Performance - Operating revenue decreased by 25.91% to CNY 3.15 billion year-on-year[8] - Net profit attributable to shareholders dropped by 73.65% to CNY 49.34 million compared to the same period last year[8] - Basic earnings per share decreased by 75.00% to CNY 0.01 compared to CNY 0.04 in the same period last year[8] - The company reported a weighted average return on equity of 0.17%, down 0.62 percentage points from the previous year[8] - The company reported a 25.91% decrease in operating revenue, totaling ¥3,150,413,141.25, attributed to a reduction in settlement area[19] - Net profit for Q1 2014 was CNY 60,844,509.91, a decline of 74.5% compared to CNY 238,574,627.86 in Q1 2013[30] - The net profit attributable to shareholders of the parent company was CNY 49,343,812.19, down 73.7% from CNY 187,229,522.61 in the previous year[30] - The total comprehensive income attributable to the parent company was CNY -6,473,858.85, compared to CNY 190,655,922.72 in the previous year[31] Assets and Liabilities - Total assets increased by 5.69% to CNY 130.97 billion compared to the end of the previous year[8] - Total liabilities reached CNY 92,878,098,439.59, up from CNY 85,890,877,299.85 at the start of the year[24] - The company's total equity was CNY 38,096,556,080.22, slightly increasing from CNY 38,035,455,691.42 at the beginning of the year[24] - Cash and cash equivalents at the end of Q1 2014 were CNY 8,759,740,303.63, compared to CNY 8,376,926,818.85 at the beginning of the year[26] - The company’s cash and cash equivalents decreased by 1.56% to ¥18,319,047,981.30[19] - Long-term borrowings increased by 33.76% to ¥22,689,278,379.83, indicating new borrowings[19] - The company reported a significant increase in short-term borrowings, which rose to CNY 5,380,410,874.86 from CNY 2,736,310,901.31 year-on-year[24] - The company’s long-term borrowings increased to CNY 22,689,278,379.83 from CNY 16,963,097,519.64 year-on-year, indicating a strategy to leverage for growth[24] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 3.46 billion, compared to a net outflow of CNY 3.06 billion in the previous year[8] - The net cash flow from operating activities was CNY -3,455,949,645.34, worsening from CNY -3,062,611,852.87 in the same period last year[36] - The company’s cash inflow from operating activities totaled CNY 11,078,099,965.62, compared to CNY 8,525,991,310.62 in the previous year[36] - Cash inflow from financing activities totaled 10,186,790,292.74 CNY, significantly higher than 3,945,000,000.00 CNY in the previous period[38] - The financing activities generated a net cash flow of CNY 5,981,507,632.81, a significant increase from CNY 960,229,038.80 in the same period last year[36] - The cash outflow from financing activities was 3,322,926,489.57 CNY, compared to 4,571,902,224.00 CNY in the previous period[38] Project Investments - The total investment for the Shenzhen Tianyue Bay project is CNY 505.1 million, with 100% completion status[11] - The Guangzhou Lihucheng project has a total investment of CNY 1.4 billion and is currently 80% completed[11] - The total investment for the Beijing Langyue project is CNY 403.8 million, with a construction progress of 100% and a total area of 271,342 square meters[12] - The average selling price for the Shenzhen Mingfeng project was CNY 5,404 per square meter, with a total area of 115,617 square meters sold[11] - The Nanjing Zizai City project has a total investment of CNY 812.5 million and a cumulative signed area of 970,793 square meters[12] - The Shanghai Zizai City project has a total investment of CNY 649.9 million, with a construction progress of 40% and a total area of 726,987 square meters[12] - The Tianjin International Plaza project has a total investment of CNY 578.5 million, with a cumulative signed area of 285,363 square meters[12] - Total investment for ongoing projects reached CNY 22,305.63 million, with a total construction area of 14,032,676 square meters and a rentable area of 31,327,906 square meters[14] Rental and Selling Prices - Total rental income for office buildings reached ¥118,359,625.31 with an occupancy rate of 96.93%[16] - The average basic rental price for office space was ¥161.32 per square meter per month[16] - The average selling price per square meter for new projects was CNY 15,800, with a total of 708,265 square meters completed in the quarter[14] - The average selling price for the Beijing Green Cloud Villa project is CNY 20,774 per square meter, with a quarterly signed area of 27,426 square meters[12] - The average selling price for the Shanghai Yihua Nian project is CNY 26,316 per square meter, with a quarterly signed area of 8,228 square meters[12]