Seazen(SH:601155)2016-04-27 16:00Financial Performance - Operating revenue decreased by 21.90% to CNY 1.14 billion compared to the same period last year[5] - Net profit attributable to shareholders decreased by 693.32% to a loss of CNY 193.70 million compared to a profit of CNY 32.65 million in the previous year[5] - Basic and diluted earnings per share were both CNY -0.1134, a decrease of 505.03% compared to CNY 0.0280 in the previous year[5] - Total revenue for Q1 2016 was CNY 1,144,794,602.76, a decrease of 22% compared to CNY 1,465,718,670.03 in the same period last year[25] - The company reported a net loss of CNY 202,282,816.37 for Q1 2016, compared to a net profit of CNY 76,709,478.82 in the same period last year, indicating a significant decline in profitability[26] - Operating profit for Q1 2016 was CNY -276,653,263.16, a stark contrast to the operating profit of CNY 81,016,514.22 in Q1 2015[26] - The total comprehensive loss for Q1 2016 was CNY -202,282,816.37, compared to a comprehensive income of CNY 76,709,478.82 in the prior year, indicating a significant downturn[27] - The total profit before tax for Q1 2016 was CNY -267,680,286.76, compared to a profit of CNY 83,295,535.04 in the same period last year, indicating a substantial decline in profitability[26] Assets and Liabilities - Total assets increased by 14.63% to CNY 77.72 billion compared to the end of the previous year[5] - Current liabilities amounted to CNY 47,397,432,683.18, compared to CNY 42,022,622,369.64 in Q1 2015, reflecting a 12% increase[19] - Long-term borrowings increased to CNY 6,259,972,772.72 from CNY 4,237,167,500.00, marking a 48% rise[19] - Total liabilities were CNY 64,334,890,929.76, up from CNY 53,930,586,165.92, indicating a 19% increase year-over-year[19] - Shareholders' equity decreased to CNY 13,387,715,434.95 from CNY 13,871,529,430.29, a decline of approximately 3.5%[19] Cash Flow - Cash flow from operating activities improved to a loss of CNY 649.29 million, significantly better than a loss of CNY 2.98 billion in the same period last year[5] - The net cash flow from operating activities was -649,288,140.71 RMB, an improvement from -2,980,188,971.70 RMB in the previous period, indicating a reduction in cash outflow[33] - The company's cash inflow from operating activities totaled CNY 8,284,862,064.21 in Q1 2016, compared to CNY 5,359,791,879.77 in Q1 2015, showing an increase in cash generation from core operations[32] - The total cash and cash equivalents at the end of the period reached 9,275,789,218.37 RMB, up from 2,448,952,451.62 RMB in the previous period, indicating a substantial increase in liquidity[34] - The cash outflow for operating activities was 8,934,150,204.92 RMB, compared to 8,339,980,851.47 RMB in the previous period, showing an increase in operational expenses[33] Shareholder Information - The total number of shareholders reached 117,302 by the end of the reporting period[8] - The largest shareholder, Fuyou Development Co., Ltd., holds 62.06% of the shares, totaling 1,060,000,000 shares[8] Investments and Financing - The company plans to raise up to ¥5 billion through a non-public stock issuance, with a revised issue price of ¥9.37 per share[11] - The company issued new bonds totaling ¥9,954,997,286.90, marking a 43.26% increase from the previous period[10] - The company received 3,000,000,000.00 RMB from bond issuance, contributing to the financing cash inflow[36] - The cash flow from financing activities included 3,784,643,847.90 RMB from loans, highlighting reliance on debt financing[34] Operational Metrics - Cash and cash equivalents increased by 51.41% to ¥9,795,410,979.70 due to sales recovery and new financing[10] - Accounts receivable rose significantly by 270.41% to ¥20,764,080.70, attributed to increased rental income from property management[10] - Short-term borrowings surged by 847.55% to ¥1,525,558,847.90, reflecting new short-term loans taken during the period[10] - Sales expenses rose by 41.44% to ¥163,186,009.63, in line with increased sales volume and related marketing costs[10] - The company reported a decrease in accounts payable from CNY 11,481,458,627.16 to CNY 9,255,052,123.71, a reduction of about 19%[19] Related Party Transactions - The company committed to avoiding and reducing related party transactions with entities other than New City Holdings, ensuring fair market practices[14] - The company plans to maintain independent decision-making in selecting transaction partners, adhering to principles of openness and fairness in unavoidable related transactions[14] - The company has pledged to not exploit its position to harm the legal rights of shareholders through related transactions[14] - The company aims to ensure compliance with commitments made regarding related party transactions to protect the interests of its shareholders[14]