CHIXIA DEVELOPMENT(SH:600533)2015-04-24 16:00Financial Performance - Operating revenue for the period reached CNY 1,276,077,524.40, representing a significant increase of 56.72% year-on-year[6]. - Net profit attributable to shareholders of the listed company was CNY 5,342,395.35, down 69.35% from the previous year[6]. - Basic earnings per share decreased to CNY 0.0063, a decline of 57.50% compared to the same period last year[6]. - The total profit decreased by 63.07% to CNY 9,134,687.76, attributed to lower gross margins from the recognized affordable housing projects[17]. - Net profit for Q1 2015 was CNY 5,646,540.33, down 66.7% from CNY 16,975,124.99 in Q1 2014[35]. - The company reported a gross profit margin of approximately 0.66% for Q1 2015, compared to 0.09% in Q1 2014[34]. - The total comprehensive income for Q1 2015 was CNY 166,908,096.81, compared to a loss of CNY 91,591,520.77 in Q1 2014[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,211,517,532.53, a decrease of 2.91% compared to the end of the previous year[6]. - Current assets decreased from CNY 13,023,301,464.71 to CNY 12,186,162,352.40, representing a reduction of about 6.4%[26]. - Total liabilities decreased from CNY 10,892,174,975.32 to CNY 10,299,255,199.86, a decline of about 5.4%[28]. - Current liabilities decreased from CNY 7,875,680,229.24 to CNY 6,896,401,450.26, representing a reduction of approximately 12.4%[27]. - Non-current liabilities increased from CNY 3,016,494,746.08 to CNY 3,402,853,749.60, an increase of about 12.8%[28]. - Shareholders' equity increased from CNY 3,745,354,235.85 to CNY 3,912,262,332.67, an increase of approximately 4.5%[28]. Cash Flow - Cash flow from operating activities was negative at CNY -403,336,759.62, indicating a decline in cash generation capabilities[6]. - The company reported a net cash outflow from operating activities of CNY -403,336,759.62, reflecting increased payments related to construction projects[20]. - Cash inflow from sales of goods and services reached CNY 1,088,405,769.01, a significant increase from CNY 559,392,684.94 in the previous period, representing a growth of approximately 94.4%[40]. - The net cash flow from operating activities was negative at CNY -169,938,024.55, compared to a positive flow of CNY 72,489,345.66 in the previous period, indicating a significant decline[43]. - The ending cash and cash equivalents balance was CNY 1,140,619,297.10, down from CNY 1,499,262,268.77 in the previous period, indicating a decrease of about 23.9%[42]. Shareholder Information - The number of shareholders at the end of the reporting period was 58,138[11]. - The largest shareholder, Nanjing Qixia Construction Group Co., Ltd., held 34.33% of the shares, with 360,420,600 shares pledged[11]. Investments and Projects - The company has ongoing projects with a total planned construction area of 312.73 million square meters, with 42.40 million square meters planned to be completed in the first quarter[23]. - The cumulative contract sales area as of the end of the first quarter was 80.67 million square meters for the Nanjing Happiness City project, with a first-quarter turnover of 17.08 million square meters[24]. - The company participated in the capital increase of Palm Garden, leading to an increase in available-for-sale financial assets[15]. Financial Expenses - The financial expenses surged by 291.66% to CNY 21,324,155.68, due to a higher proportion of interest expenses being capitalized[17]. - The company’s financial expenses increased to CNY 21,324,155.68 in Q1 2015 from CNY 5,444,575.94 in Q1 2014, marking a significant rise of 292.5%[35].