BUCID(SH:600266)2014-04-25 16:00Financial Performance - Operating revenue surged by 93.12% to CNY 2.02 billion year-on-year, primarily due to increased project turnover[11] - Net profit attributable to shareholders rose by 12.25% to CNY 176.07 million compared to the same period last year[11] - Total operating revenue for Q1 2014 reached CNY 2,023,310,817.90, a significant increase of 93.1% compared to CNY 1,047,672,472.04 in the same period last year[31] - Net profit for Q1 2014 was CNY 249,322,035.95, representing a 76.7% increase from CNY 140,988,118.79 in Q1 2013[32] - Earnings per share for Q1 2014 were CNY 0.1980, compared to CNY 0.1764 in the previous year, reflecting a growth of 12.8%[32] Assets and Liabilities - Total assets increased by 4.52% to CNY 37.89 billion compared to the end of the previous year[11] - The company's total liabilities amounted to CNY 28.22 billion, up from CNY 26.82 billion, indicating an increase of about 5.22%[25] - The total assets of the company as of the end of Q1 2014 amounted to CNY 13,508,769,415.03, an increase from CNY 13,185,783,936.13 at the end of Q1 2013[29] - Total liabilities increased to CNY 7,501,744,903.62 in Q1 2014, compared to CNY 7,215,662,353.03 in the same period last year, marking a rise of 3.9%[29] Cash Flow - Cash flow from operating activities decreased significantly by 418.89% to -CNY 1.96 billion, mainly due to land transfer payments for the Dongba project[11][17] - The company's cash flow from operating activities for Q1 2014 was CNY 1,527,917,417.15, down from CNY 2,654,001,805.06 in Q1 2013[36] - The net cash flow from operating activities was -1,961,741,870.86 CNY, compared to 615,179,147.82 CNY in the previous period, indicating a significant decline[37] - Total cash inflow from operating activities was 1,766,228,183.01 CNY, while cash outflow was 3,727,970,053.87 CNY, resulting in a net cash flow deficit[37] Shareholder Information - The number of shareholders totaled 53,128, with the largest shareholder holding 50.41% of the shares[14] - A cash dividend of CNY 4.4 per 10 shares (including tax) was approved, along with a bonus share distribution of 2 shares for every 10 shares held[18] Equity and Investments - The company's total equity reached CNY 9.68 billion, an increase from CNY 9.44 billion, representing a growth of approximately 2.56%[25] - The company reported a significant increase in investment income due to dividends from associated companies[17] - The company reported an investment income of CNY 17,346,106.59 in Q1 2014, compared to a loss of CNY 2,071,367.73 in the same period last year[32] - The company received 45,000,000.00 CNY from investment income during the period[41] Inventory and Receivables - The company's inventory stood at CNY 25.93 billion, up from CNY 24.24 billion, indicating an increase of about 6.96%[23] - The company’s accounts receivable increased to CNY 85.63 million from CNY 64.72 million, marking a rise of about 32.25%[23] - The company reported a significant increase in prepayments, which rose to CNY 1.52 billion from CNY 1.33 billion, reflecting a growth of approximately 14.14%[23] Future Plans and Commitments - The company plans to issue new shares following the approval of its non-public offering by the China Securities Regulatory Commission[18] - The company has committed to resolving competition issues with its subsidiaries by transferring 100% equity of Beijing Chengjian New Town Investment Development Co., Ltd. by December 31, 2015[20] - The company plans to resolve competition with Beijing Chengjian Real Estate Development Co., Ltd. by December 31, 2018, through various feasible methods including asset injection or cash acquisition[20] - The company has signed a share transfer letter with its controlling shareholder to transfer the 100% equity of a subsidiary, with audit and evaluation work currently in progress[21]