TENGDA CONST.(SH:600512)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter rose by 22.70% to CNY 526,749,941.68 compared to the same period last year[9] - Net profit attributable to shareholders decreased by 85.70% to CNY 8,623,665.92 compared to the same period last year[9] - Basic and diluted earnings per share dropped by 87.50% to CNY 0.01[9] - The company reported a net profit excluding non-recurring gains and losses of CNY 8,945,192.26, an increase of 21.59% year-on-year[9] - Net profit for the current period was ¥7,298,130.14, a significant decrease of 87.8% from ¥59,914,670.60 in the previous period[28] - Basic earnings per share for the current period was ¥0.01, down from ¥0.08 in the previous period[28] Cash Flow - Cash flow from operating activities decreased by 60.05% to CNY 20,919,938.22 compared to the same period last year[9] - The net cash flow from operating activities decreased by 60.05% to CNY 20.92 million from CNY 52.36 million, primarily due to a reduction in the return of project guarantee deposits[14] - Total operating cash inflow was CNY 840,481,001.00, down 3.4% from CNY 870,194,194.88 in the previous period[33] - Net cash flow from operating activities was CNY 20,919,938.22, a decrease of 60% from CNY 52,363,147.15 in the previous period[34] - Net cash flow from investment activities was CNY -85,124,795.95, worsening from CNY -50,426,071.43 in the previous period[34] - Cash inflow from financing activities was CNY 671,400,000.00, significantly up from CNY 289,200,000.00 in the previous period, representing a 132.5% increase[35] - Net cash flow from financing activities was CNY 160,613,004.85, recovering from a negative CNY -125,147,852.75 in the previous period[35] - The ending cash and cash equivalents balance was CNY 662,786,617.54, an increase from CNY 424,753,391.33 in the previous period[35] - The company reported a net increase in cash and cash equivalents of CNY 96,408,147.12, compared to a decrease of CNY -123,210,777.03 in the previous period[35] Assets and Liabilities - Total assets increased by 1.77% to CNY 5,636,004,963.99 compared to the end of the previous year[9] - The total assets of the company as of March 31, 2014, amounted to CNY 5.64 billion, compared to CNY 5.54 billion at the beginning of the year[19] - The company’s total liabilities increased to CNY 4.25 billion from CNY 4.14 billion, indicating a rise in financial obligations[20] - The company's total liabilities decreased slightly to ¥4,423,129,390.20 from ¥4,330,819,902.12, indicating a reduction of 2.1%[21] - Current assets totaled ¥3,289,230,031.29, showing a marginal increase from ¥3,284,915,493.03[24] - The company's total equity rose to ¥1,212,875,573.79 from ¥1,207,095,038.23, reflecting a growth of 0.5%[21] Shareholder Information - The total number of shareholders reached 66,905 at the end of the reporting period[12] - The largest shareholder, Ye Yangyou, holds 4.49% of the shares, totaling 33,079,360 shares[13] Operational Insights - Accounts receivable decreased by 93.50% to CNY 280.30 million from CNY 435.25 million, due to the recovery of some receivables during the reporting period[14] - Prepaid accounts increased by 362.40% to CNY 71.52 million from CNY 15.47 million, attributed to increased advance payments for engineering materials[14] - The company has not disclosed any new product developments or market expansion strategies in this report[9] - The company reported a net loss attributable to minority shareholders of CNY 1.33 million, a decrease of 227.87% compared to a loss of CNY 404.29 thousand in the previous year[14] - The company plans to avoid potential competition by transferring or liquidating its real estate development subsidiary by June 30, 2014[16] Cost Analysis - Total operating costs amounted to ¥516,097,826.17, up from ¥420,399,769.08, reflecting a rise of 22.8%[28] - Cash outflow for purchasing goods and services was CNY 609,042,228.35, up 8.4% from CNY 561,800,054.22 in the previous period[33]