YMRD(SH:600239)2014-04-25 16:00Financial Performance - Operating revenue decreased by 45.06% to CNY 138,021,900.82 year-on-year[11] - Net profit attributable to shareholders was CNY 76,838,376.75, a significant recovery from a loss of CNY 24,747,661.18 in the same period last year[11] - The weighted average return on net assets increased by 2.69 percentage points to 2.00%[11] - The company reported a net cash flow from operating activities of -CNY 933,506,993.72, compared to -CNY 246,680,965.34 in the previous year[11] - The company has a basic earnings per share of CNY 0.09, recovering from a loss of CNY 0.03 per share in the previous year[11] - Total operating revenue for Q1 2014 was CNY 138,021,900.82, a decrease of 45% compared to CNY 251,226,975.71 in the same period last year[34] - Net profit for Q1 2014 was CNY 89,414,855.29, compared to a net loss of CNY 6,939,962.68 in Q1 2013, indicating a significant turnaround[34] - Earnings per share for Q1 2014 were CNY 0.09, compared to a loss per share of CNY 0.03 in the previous year[35] Assets and Liabilities - Total assets increased by 15.08% to CNY 27,827,249,892.99 compared to the end of the previous year[10] - Current assets reached CNY 24,122,729,670.91, up from CNY 20,726,238,892.75, indicating a growth of about 16.5%[27] - Total liabilities were reported at CNY 22,865,592,956.63, compared to CNY 19,302,024,718.74 at the start of the year, marking an increase of around 18.5%[28] - Total liabilities as of March 31, 2014, were CNY 16,860,668,451.30, up from CNY 13,189,695,361.89, reflecting a growth of approximately 28%[32] - The company's total equity as of March 31, 2014, was CNY 3,626,414,933.12, slightly down from CNY 3,645,543,670.15 at the start of the year[32] Cash Flow - The company's cash flow issues are highlighted by the significant negative cash flow from operating activities[11] - The cash flow from financing activities was ¥3,104,643,449.83, significantly higher than the previous year's negative cash flow[17] - The net cash flow from financing activities was CNY 3,104,643,449.83, compared to CNY -745,936,841.76 in Q1 2013[39] - The company raised CNY 3,967,588,800.00 from financing activities, significantly up from CNY 871,000,000.00 in the previous year[39] - The company's cash and cash equivalents increased by CNY 2,019,530,369.84, ending the period with CNY 3,198,831,258.72[39] Investments and Projects - The company completed the acquisition of 100% equity and all debts of Shaanxi Purunda Investment Development Co., Ltd[18] - The company also acquired 28% equity and all debts of Chengdu Minsheng Xishen Investment Co., Ltd[18] - The total investment for the "Huangshan North Mountain Water New City" project is ¥1,112,813,000, currently under construction[18] - The company has multiple ongoing projects, including "Qin Han New City" with a total investment of ¥200,000,000, also under construction[18] - Yunnan Cheng Investment's tourism real estate project in Dali has a total investment of CNY 415.524 million and is currently 45% completed[20] - The land development project in Kunming's Guandu District has a total investment of CNY 289.815 million and is currently 95% completed[20] - The total investment for the "Hot Spring Valley" project in Anning is CNY 146 million, with a current completion status of 60%[21] - The "Sun Mountain" tourism resort project in Yuxi has a total investment of CNY 765.931 million and is currently 36% completed[22] - The "招商海公馆" project in Kunming has a total investment of CNY 320.099 million and is currently 40% completed[22] - The "华府半岛" project in Kunming has a total investment of CNY 261.826 million and is currently 35% completed[22] - The "云南华侨城" project in Kunming has a total investment of CNY 680 million and is currently 30% completed[22] - The "温泉山谷" project in Anning has a total investment of CNY 146 million and is currently 60% completed[21] - The "黄河春城" project has a total investment of CNY 287.4 million and is currently 60% completed[21] - The "融城云谷" project in Xi'an has a total investment of CNY 86.482 million and is currently 51% completed[21] Shareholder Information - The total number of shareholders reached 49,789 as of the report date[14] - The largest shareholder, Yunnan Urban Construction Investment Group, holds 32.86% of the shares, totaling 270,594,964 shares[14] Operational Insights - The company plans to continue its focus on policy-driven construction projects and will not engage in commercial real estate development[25] - There are no warnings regarding potential significant changes in cumulative net profit compared to the previous year, indicating stable financial expectations[26]