TANDE(SH:600665)2014-04-23 16:00Financial Performance - Net profit attributable to shareholders decreased by 64.59% to CNY 30,686,721.46 for the first quarter[9] - Operating revenue for the first quarter was CNY 261,469,258.97, a decline of 68.12% year-on-year[9] - The company reported a basic earnings per share of CNY 0.0355, down 64.61% from CNY 0.1003[9] - The company's net profit for the current period is -1,786,788.73, compared to a net profit of 35,263,169.35 in the previous period, indicating a significant decline[32] - Basic earnings per share decreased to -0.0021 from 0.0408 in the previous period, reflecting a negative performance[32] - Total comprehensive income attributable to the parent company was 30,686,721.46, down from 86,653,495.58 in the previous period[31] - Operating revenue for the current period was 2,811,461.82, a sharp decline from 140,646,778.30 in the previous period[32] - Net profit for the period was CNY 28,916,008.54, compared to CNY 85,572,690.25 in the same period last year, reflecting a decrease of approximately 66.2%[30] Assets and Liabilities - Total assets decreased by 1.17% to CNY 11,430,297,026.37 compared to the end of the previous year[9] - The company's total assets decreased to CNY 11,430,297,026.37 from CNY 11,565,404,994.67, a decline of about 1.2%[24] - Total liabilities decreased to CNY 9,009,195,904.83 from CNY 9,177,219,881.67, representing a reduction of approximately 1.8%[24] - Current liabilities totaled CNY 5,542,386,978.51, an increase from CNY 5,022,410,955.35, indicating a rise of about 10.4%[24] - Non-current liabilities decreased to CNY 3,466,808,926.32 from CNY 4,154,808,926.32, a decline of approximately 16.5%[24] - The total liabilities increased by 47.90% for non-current liabilities due within one year, reaching CNY 2,143,252,570.30[16] Cash Flow - The net cash flow from operating activities improved to -CNY 259,092,923.80 from -CNY 499,512,539.73 in the same period last year[9] - The company reported a net cash flow from operating activities of -CNY 259,092,923.80, an improvement from -CNY 499,512,539.73 in Q1 2013[17] - Cash inflow from financing activities totaled 494,000,000.00, a decrease from 1,130,700,000.00 in the previous period[35] - The company incurred a total cash outflow of 593,497,875.27 in financing activities, compared to 411,278,211.35 in the previous period[35] - The net cash flow from investing activities was -494,167.67, an improvement from -903,366.15 in the previous period[35] Shareholder Information - The total number of shareholders as of the report date was 56,160[13] - The largest shareholder, Xi'an High-tech Industry Development Zone Real Estate Development Company, holds 56.52% of the shares[13] Operational Metrics - The company achieved a sales area of 10,269.57 square meters in Xi'an and 23,413.85 square meters in Suzhou during the first quarter[10] - Rental income from office buildings was CNY 1,094,531.70 with a 100% occupancy rate[12] Other Financial Metrics - Accounts receivable decreased by 36.93% to CNY 26,410,944.50 from CNY 41,873,843.73[16] - Other receivables saw a significant decline of 72.06%, dropping to CNY 56,930,888.48 from CNY 203,759,978.30[16] - Financial expenses decreased by 188.09%, amounting to -CNY 763,564.72 compared to CNY 866,781.77 in the previous year[16] - The company experienced a 20090.18% increase in non-operating income, totaling CNY 8,479,904.67[16] - Total operating costs amounted to CNY 231,247,582.43, down from CNY 705,200,586.05, indicating a reduction of about 67.3%[30] - The company's cash and cash equivalents decreased significantly from CNY 523,372,450.40 to CNY 95,416,892.35, a drop of about 81.8%[25] - The total equity attributable to shareholders increased slightly to CNY 2,405,581,839.66 from CNY 2,374,895,118.20, reflecting an increase of approximately 1.3%[24] - The company reported a significant increase in prepayments, rising to CNY 2,047,064,016.18 from CNY 1,885,536,335.00, an increase of about 8.6%[24]