YMRD(SH:600239)2015-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 169.67% to CNY -53,529,872.49, compared to CNY 76,838,376.75 in the same period last year[5] - Operating revenue decreased by 1.89% to CNY 135,417,190.02, compared to CNY 138,021,900.82 in the same period last year[5] - Basic earnings per share decreased by 177.78% to CNY -0.07, compared to CNY 0.09 in the same period last year[5] - Net profit for Q1 2015 was a loss of ¥72,575,869.23, compared to a profit of ¥89,414,855.29 in Q1 2014[25] - Operating profit for Q1 2015 was a loss of ¥87,547,922.35, compared to a profit of ¥120,344,681.23 in the same period last year[25] - Investment income decreased by 107.68% to -¥15,414,535.71 as there were no equity transfer gains this period[11] - The company reported a significant decline in investment income, with a loss of ¥15,414,535.71 in Q1 2015 compared to a gain of ¥200,770,323.50 in Q1 2014[25] Assets and Liabilities - Total assets increased by 2.71% to CNY 34,384,085,214.17 compared to the end of the previous year[5] - The company's net assets attributable to shareholders decreased by 1.58% to CNY 3,967,098,861.31 compared to the end of the previous year[5] - Total liabilities rose to CNY 29.53 billion from CNY 28.53 billion, marking an increase of approximately 3.5%[18] - The company's equity attributable to shareholders decreased to CNY 3.97 billion from CNY 4.03 billion, a decline of about 1.5%[18] - The non-current liabilities totaled CNY 14.99 billion, slightly up from CNY 14.82 billion, indicating a growth of about 1.2%[18] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -1,522,103,937.89, a decrease of 63.05% compared to CNY -933,506,993.72 in the same period last year[5] - The total cash inflow from operating activities was CNY 1,425,964,919.03, compared to CNY 769,223,611.08 in the previous period, representing an increase of approximately 85.5%[31] - The cash outflow for purchasing goods and services was CNY 2,539,648,130.41, up from CNY 1,279,066,113.78, indicating a rise of about 98.5%[32] - The net cash flow from operating activities was -CNY 1,522,103,937.89, worsening from -CNY 933,506,993.72 in the previous period[32] - The cash inflow from financing activities totaled CNY 1,617,000,000.00, down from CNY 3,967,588,800.00, a decrease of approximately 59.3%[33] - The net cash flow from financing activities was CNY 741,177,565.80, significantly lower than CNY 3,104,643,449.83 in the previous period[33] - The total cash and cash equivalents at the end of the period were CNY 2,089,630,902.64, down from CNY 3,198,831,258.72, a decrease of about 34.7%[33] - The company reported a cash outflow from investing activities of CNY 592,497,891.32, compared to CNY 377,606,086.27 in the previous period, reflecting an increase of approximately 57.0%[32] Shareholder Information - The total number of shareholders reached 41,770 at the end of the reporting period[9] - The largest shareholder, Yunnan Urban Construction Investment Group Co., Ltd., holds 270,594,964 shares, accounting for 32.86% of the total shares[9] Inventory and Receivables - Accounts receivable decreased by 33.76% to ¥1,882,470,746.77 due to the recovery of funds from the Huanhu project[11] - Interest receivable increased by 30.17% to ¥220,817,227.07 due to an increase in funds occupied[11] - Inventory increased by 11.84% to ¥23,558,305,870.59 as a result of additional land acquisition[11] - Tax payable decreased by 40.66% to ¥331,477,368.75 due to actual tax payments made[11] - Accounts receivable fell to CNY 1.88 billion from CNY 2.84 billion, a decrease of approximately 33.7%[16] - Inventory increased significantly to CNY 23.56 billion from CNY 21.06 billion, reflecting a growth of about 11.9%[16] Business Strategy - The company has committed to avoiding competition with Kunming Future City Development Co., Ltd. in its business operations[13] - The company is focused on policy-driven construction projects and will not engage in land development or commercial real estate development[13]