BUCID(SH:600266)2016-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 24.56% to CNY 173.51 million year-on-year[5] - Operating revenue dropped by 54.96% to CNY 1.07 billion compared to the same period last year[5] - The company's basic earnings per share decreased by 26.67% to CNY 0.11[5] - Total revenue for Q1 2016 was CNY 1,068,902,312.98, a decrease of 55.1% compared to CNY 2,373,084,900.53 in the same period last year[21] - Net profit for Q1 2016 was CNY 169,151,475.23, a decline of 23.4% from CNY 220,981,416.94 in Q1 2015[22] - Basic earnings per share for Q1 2016 were CNY 0.11, down from CNY 0.15 in the previous year[22] - The net profit for the current period is CNY 20,647,094.31, a significant decrease of approximately 57.8% from CNY 48,943,575.43 in the previous period[25] - The total comprehensive income for the current period is CNY -801,871,770.69, compared to CNY 3,141,088,575.43 in the previous period, indicating a substantial decline[25] Assets and Liabilities - Total assets increased by 7.43% to CNY 68.79 billion compared to the end of the previous year[5] - The company's total liabilities increased to approximately 49.03 billion yuan from 43.63 billion yuan at the beginning of the year[16] - The company's total equity decreased to CNY 14,969,615,058.86 from CNY 15,771,486,829.55, reflecting a decline of 5.1%[21] - The company's cash and cash equivalents at the end of the reporting period were approximately 8.59 billion yuan, up from 6.99 billion yuan at the beginning of the year[14] - Accounts receivable increased to approximately 118.51 million yuan from 88.15 million yuan at the beginning of the year[14] - Other non-current liabilities increased by 89% compared to the end of the previous year, mainly due to the issuance of a debt financing plan amounting to 3.3 billion yuan[11] Cash Flow - The net cash flow from operating activities was negative at CNY -1.26 billion, a decrease of 263.04% year-on-year[5] - Cash flow from operating activities shows a net outflow of CNY -1,255,477,155.03, worsening from CNY -345,827,008.57 in the previous period[27] - The company reported cash inflows from operating activities totaling CNY 5,785,797,804.36, up from CNY 2,482,693,673.04 in the previous period[27] - Cash and cash equivalents decreased to CNY 1,295,280,635.16 from CNY 2,083,801,101.30 at the beginning of the year, a drop of 37.8%[20] - The company experienced a net decrease in cash and cash equivalents of -$788.52 million during the quarter[31] - Cash inflow from financing activities amounted to $1.5 billion, with cash outflow totaling $159.48 million, leading to a net cash flow of $1.34 billion[31] Sales and Construction - The company achieved a sales area of 204,800 square meters, an increase of 88% year-on-year[10] - New land reserves totaled 119,400 square meters, compared to 0 square meters in the same period last year[10] - New construction area was 577,400 square meters, compared to 29,200 square meters in the same period last year[10] Other Comprehensive Income - The company's other comprehensive income decreased by 127% year-on-year, primarily due to a decline in the stock price of Guoxin Securities at the end of the reporting period[11] - Other comprehensive income after tax for Q1 2016 was a loss of CNY 822,518,865.00, compared to a gain of CNY 3,092,145,000.00 in Q1 2015[22] Shareholder Commitments - The controlling shareholder has committed to not reducing its shareholding in the company for six months starting from July 10, 2015, to stabilize the company's stock price[12] Competition and Market Position - The company has not yet initiated any actions to resolve the competition issue with Beijing Urban Construction Real Estate Development Co., Ltd. due to the lack of relevant conditions[12]