BCDC(SH:600376)2014-04-24 16:00Financial Performance - Operating revenue surged by 173.42% to CNY 2.57 billion year-on-year[10] - Net profit attributable to shareholders rose by 357.58% to CNY 324.52 million[10] - Basic earnings per share increased by 357.91% to CNY 0.1447[10] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 319.56 million, compared to a loss of CNY 14.64 million in the same period last year[10] - The company's operating revenue for Q1 2014 reached CNY 2,569,093,319.67, a significant increase of 173.42% compared to the previous year[16] - The net profit attributable to the parent company was CNY 324,521,000.90, representing a growth of 357.58% year-on-year[16] - Operating profit for the current period was ¥558,422,931.01, while the previous period reported an operating loss of ¥4,341,116.82[38] - Net profit for the current period was ¥438,529,522.38, compared to a net profit of ¥59,669,712.37 in the previous period, showing a substantial improvement[39] - The total comprehensive income for the current period was ¥414,065,187.78, compared to ¥54,329,827.09 in the previous period, showing a marked improvement[39] Assets and Liabilities - Total assets increased by 1.93% to CNY 93.90 billion compared to the end of the previous year[10] - The total assets of available-for-sale financial assets decreased by 31.01% to CNY 76,428,480.52 due to the sale of Meidu shares[16] - The company's total liabilities due within one year increased by 67.59% to CNY 17,043,985,425.00, primarily due to increased loans from financial institutions[16] - The company's total liabilities increased from CNY 76.65 billion to CNY 78.54 billion during the same period[31] - Total liabilities rose to ¥46,632,386,598.59, up from ¥43,930,903,031.98, marking an increase of about 6.1%[35] Cash Flow - Cash flow from operating activities decreased by 166.44% to -CNY 543.72 million compared to the same period last year[10] - The cash flow from operating activities showed a net outflow of CNY -543,717,581.59, a decline of 166.44% compared to the previous year[16] - The company's cash inflow from operating activities was ¥4,973,274,006.92, compared to ¥6,688,433,954.42 in the previous period, indicating a decrease[42] - Operating cash flow outflow totaled CNY 5,516,991,588.51, a decrease from CNY 5,870,046,126.23 in the previous period, resulting in a net cash flow from operating activities of CNY -543,717,581.59 compared to CNY 818,387,828.19[43] - Investment cash inflow was CNY 45,310,803.77, significantly lower than CNY 1,950,000,000.00 in the previous period, leading to a net cash flow from investing activities of CNY -1,129,321,402.23 compared to CNY -465,786,413.87[44] - Financing cash inflow amounted to CNY 7,113,400,000.00, down from CNY 9,880,000,000.00, while cash outflow for debt repayment was CNY 5,731,005,000.00, an increase from CNY 2,822,057,000.00[44] - The net increase in cash and cash equivalents was CNY -1,144,259,381.44, contrasting with a net increase of CNY 6,687,907,315.89 in the previous period[44] - The ending balance of cash and cash equivalents was CNY 11,437,683,647.97, down from CNY 20,890,394,418.21[45] Shareholder Information - The total number of shareholders at the end of the reporting period was not specified, but the top shareholder held 50.45% of the shares[13] - The company's major shareholder, Beijing Capital Development Holdings (Group) Co., Ltd., holds 50.45% of the shares without any pledges or freezes[13] Government and Regulatory Matters - The company received government subsidies amounting to CNY 214,752.82, which are closely related to its regular business operations[10] - The company is actively pursuing the transfer of 60% equity in Beijing New Ao Group to comply with commitments to resolve industry competition[22] - The company has committed to disposing of five subsidiaries to resolve industry competition, with three subsidiaries still pending completion of disposal or liquidation[23] - The company will not engage in any new real estate main business projects in China, responding to the call of the Beijing State-owned Assets Supervision and Administration Commission[25] - The company plans to restructure assets of Beijing Baosheng Housing Co., Ltd. to prepare for resolving industry competition issues[25] Other Financial Metrics - The weighted average return on net assets increased by 2.2658 percentage points to 2.32%[10] - Financial expenses decreased by 51.68% to CNY 134,535,440.49, attributed to increased interest capitalization due to project scale expansion[16] - The company's cash and cash equivalents decreased from CNY 13.10 billion at the beginning of the year to CNY 11.36 billion[29] - The company's total equity decreased slightly from CNY 15.46 billion to CNY 15.36 billion[31] - Accounts receivable decreased from ¥7,106,843.83 to ¥5,232,363.90, indicating a reduction in outstanding receivables[34] - Inventory increased from ¥12,269,288,285.81 to ¥14,108,292,326.89, reflecting a rise in stock levels[34] - Cash received from tax refunds was CNY 7,942,683,841.08, compared to CNY 5,856,599,738.39 in the previous period[46] - Cash paid for purchasing goods and services was CNY 1,901,145,966.58, significantly higher than CNY 776,588,362.30 in the previous period[46] - Cash paid for employee compensation was CNY 9,890,861.60, down from CNY 17,599,885.35[46] - Cash paid for taxes was CNY 43,740,836.95, a decrease from CNY 66,827,403.76 in the previous period[46]