Hitech Develop(SH:600082)2015-04-22 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY -3,758,281.43, a decrease of 149.24% year-on-year[7]. - Operating revenue for the period was CNY 218,581,870.26, representing a year-on-year increase of 32.46%[7]. - The net profit for Q1 2015 was a loss of CNY 3,758,281.43, compared to a profit of CNY 7,633,223.13 in Q1 2014, representing a significant decline[27]. - Total profit amounted to -¥4,709,640.63, down 145.20% from ¥10,418,736.59, driven by reduced revenue from high-margin property sales[13]. - Basic earnings per share were CNY -0.01, a decrease of 200% compared to CNY 0.01 in the previous year[7]. - Basic and diluted earnings per share for Q1 2015 were both CNY -0.01, compared to CNY 0.01 in Q1 2014[27]. Cash Flow - The net cash flow from operating activities was CNY -112,545,422.16, compared to CNY -104,308,232.17 in the same period last year[7]. - Cash flow from financing activities increased by 73.13% to ¥19,873,941.65, compared to ¥11,479,168.60 in the previous year, due to cash received from loans[13]. - Cash inflow from borrowings increased to ¥250.61 million from ¥126.38 million, a growth of 98.2% year-over-year[31]. - Cash flow from investment activities remained negative at -¥17.90 thousand, an improvement from -¥36.55 thousand in the previous period[34]. - Cash inflow from other operating activities significantly increased to ¥341.20 million from ¥180.33 million, a rise of 89.1% year-over-year[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,420,787,629.27, a decrease of 0.31% compared to the end of the previous year[7]. - Current liabilities totaled ¥1,355,051,703.15, a decrease from ¥1,384,276,057.13 at the start of the year[20]. - The company's total assets as of March 31, 2015, were CNY 2,532,926,721.63, down from CNY 2,563,714,116.12 at the beginning of the year[23]. - The total liabilities as of March 31, 2015, were CNY 887,940,660.02, down from CNY 910,850,759.98 at the beginning of the year[24]. - The company's equity attributable to shareholders was CNY 1,644,986,061.61, a decrease from CNY 1,652,863,356.14 at the start of the year[24]. Shareholder Information - The number of shareholders at the end of the reporting period was 63,445[9]. - The largest shareholder, Tianjin Haitai Holding Group Co., Ltd., held 155,853,788 shares, accounting for 24.12% of total shares[9]. Operating Costs and Inventory - Operating costs rose to ¥201,695,568.28, reflecting a 51.82% increase from ¥132,849,897.79 due to higher wholesale sales costs[13]. - Total operating costs for Q1 2015 were CNY 223,291,847.89, up 44.4% from CNY 154,600,074.74 in Q1 2014[26]. - Inventory increased to ¥3,029,299,347.75 from ¥2,973,322,235.10, indicating a rise in stock levels[20]. Cash and Cash Equivalents - Cash and cash equivalents decreased by 35.52% to CNY 168,258,529.15 due to payments for construction costs[12]. - The company reported a decrease in cash and cash equivalents to ¥168,258,529.15 from ¥260,947,909.66 at the beginning of the year[20]. - Cash and cash equivalents decreased to CNY 104,824,472.02 from CNY 158,015,282.92 at the beginning of the year[23]. - The company reported a net decrease in cash and cash equivalents of -¥92.69 million, slightly better than -¥92.87 million in the previous period[31].