信达地产(600657) - 2014 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 589,829,200.27, representing a 111.93% increase year-on-year[10] - Net profit attributable to shareholders was CNY -31,975,047.29, showing an improvement from CNY -65,855,127.91 in the same period last year[10] - Basic and diluted earnings per share were both CNY -0.02, an improvement from CNY -0.043 in the previous year[10] - The net loss for the current period was ¥24,765,506.55, compared to a net loss of ¥67,904,653.08 in the previous period, showing an improvement of approximately 63.5%[46] - The company reported an operating profit of -¥41,955,337.80, an improvement from -¥77,146,764.63 in the previous period, reflecting a reduction in losses of about 45.6%[45] Cash Flow - Cash flow from operating activities was CNY -1,645,092,986.75, compared to CNY -903,370,663.99 in the previous year, indicating a significant cash outflow[10] - The company reported a net cash outflow from operating activities of approximately CNY 1.65 billion, primarily due to land deposit payments[15] - Total cash outflow from operating activities was CNY 3,889,211,905.72, compared to CNY 2,880,955,739.30 last year[52] - Cash inflow from financing activities totaled CNY 4,278,358,351.14, compared to CNY 1,045,320,000.00 last year[53] - Net cash flow from financing activities was CNY 3,130,743,854.28, improving from CNY -9,799,587.63[53] Assets and Liabilities - Total assets increased by 12.40% to CNY 27,436,642,292.56 compared to the end of the previous year[9] - The total liabilities rose to CNY 19,841,072,636.32, up from CNY 16,799,968,758.54, indicating an increase of approximately 18.2%[38] - The company's inventory increased to CNY 18,715,327,353.68 from CNY 17,400,175,511.57, showing a growth of about 7.5%[36] - The total equity attributable to shareholders decreased slightly to CNY 7,128,023,943.00 from CNY 7,150,174,546.32, a decline of approximately 0.3%[38] Shareholder Information - The total number of shareholders as of the report date was 45,608[12] - The largest shareholder, Xinda Investment Co., Ltd., holds 54.75% of the shares, with 834,518,311 shares pledged[12] Project and Construction - The total area of projects under construction as of March 31, 2014, was 286.24 million square meters[18] - The company achieved a real estate sales area of 59,400 square meters with a sales contract amount of CNY 486 million during the reporting period[15] - New land reserves added during the quarter amounted to approximately 748,400 square meters, bringing total planned construction area to about 5.05 million square meters[15] - The total area of new projects initiated during the reporting period is 74.84 million square meters[26] - The total area of completed projects during the reporting period is 7.74 million square meters[24] Financial Ratios and Returns - The weighted average return on equity improved by 0.56 percentage points to -0.45%[10] - The company's investment income decreased by 84.03% to CNY 1.29 million due to reduced returns from joint ventures[14] - The company's sales expenses rose by 44.83% to CNY 30.25 million, driven by increased advertising and intermediary fees[14] - The company recorded a significant increase in financial expenses, which rose by 107.64% to CNY 66.20 million due to higher borrowing costs[14] Market Presence - The company has a significant presence in the Yangtze River Delta region, with a sales area of 2.50 million square meters[29] - The company has ongoing projects in multiple cities, including Shanghai, Ningbo, and Urumqi, with various land use types[20] - The company has a diverse portfolio with residential, commercial, and office properties across different regions[20] Rental and Income - The rental area at the end of the reporting period is 105,472.15 square meters, with a rental rate of 80%[31] - The company reported a rental income of 15,129,193.15 yuan during the reporting period[31]