TANDE(SH:600665)2015-04-28 16:00Financial Performance - Operating revenue for the first quarter was ¥130,152,343.79, a decrease of 50.22% year-on-year[5] - Net profit attributable to shareholders was ¥81,143.14, down 99.74% from the previous year[5] - The company reported a basic earnings per share of ¥0.0001, a decline of 99.72% year-on-year[6] - Operating revenue fell by 50.22% from CNY 261,469,258.97 to CNY 130,152,343.79, primarily due to a decrease in the area of completed housing projects[11] - The net profit attributable to the parent company decreased by 99.74% from CNY 30,686,721.46 to CNY 81,143.14, mainly due to reduced project completions[11] - Operating profit for Q1 2015 was a loss of CNY 11,224,870.92, worsening from a loss of CNY 2,300,795.16 in the same period last year[28] - Net profit for Q1 2015 was a loss of CNY 8,422,778.19, compared to a loss of CNY 1,786,788.73 in the previous year, indicating a significant decline[28] - Total profit for Q1 2015 was a loss of CNY 11,230,370.92, compared to a loss of CNY 2,297,595.16 in the previous year[28] Cash Flow - The net cash flow from operating activities was -¥667,095,704.41, compared to -¥259,092,923.80 in the same period last year[5] - Cash flow from operating activities for Q1 2015 was CNY 451,016,461.27, an increase from CNY 435,806,131.94 in the previous year[29] - Total cash outflow from operating activities was 1,234,899,895.03, compared to 740,268,919.63 in the previous period, highlighting increased operational costs[30] - Cash flow from investment activities was -369,028.46, a slight improvement from -494,167.67 in the previous period, suggesting reduced investment losses[30] - Cash flow from financing activities showed a net outflow of -55,031,111.20, compared to -371,750,804.47 in the previous period, indicating improved financing management[35] - The company reported a net cash decrease of -450,316,335.05, compared to -359,084,966.74 in the previous period, reflecting ongoing cash flow challenges[31] Assets and Liabilities - Total assets at the end of the reporting period reached ¥14,128,288,474.39, an increase of 0.78% compared to the previous year[5] - Total liabilities rose to CNY 11,514,588,340.60, up from CNY 11,403,183,159.24, indicating an increase of 0.97%[17] - Current liabilities totaled CNY 6,794,152,425.47, a decrease of 3.24% from CNY 7,022,149,549.74[17] - Non-current liabilities amounted to CNY 4,720,435,915.13, an increase of 7.77% compared to CNY 4,381,033,609.50[17] - The company's cash and cash equivalents decreased by 43.07% from CNY 1,665,298,934.25 to CNY 947,982,599.20 due to payments for land by subsidiaries[11] - Cash and cash equivalents decreased to CNY 253,100,406.79 from CNY 416,395,468.69, a decline of 39.19%[19] Shareholder Information - The largest shareholder, Xi'an High-tech Zone Real Estate Development Company, holds 56.52% of the shares, with 185,000,000 shares pledged[10] - The company reported a total of 488,359,560 shares held by the largest shareholder, indicating a significant concentration of ownership[10] Other Financial Metrics - The weighted average return on equity decreased by 1.28 percentage points to 1.28%[5] - Other receivables increased by 41.82% from CNY 53,322,259.52 to CNY 75,622,278.87, influenced by project-related payments by subsidiaries[11] - The company reported a 93.71% increase in interest payable, rising from CNY 62,097,030.61 to CNY 120,289,693.14, due to accrued interest not yet due[11] - Management expenses increased by 91.38% from CNY 9,652,158.85 to CNY 18,472,151.89, primarily due to the establishment of new subsidiaries[11] - The total cash outflow for taxes paid was 185,946,847.34, up from 151,544,036.31 in the previous period, indicating higher tax obligations[30]