CECL(SH:600675)2014-04-29 16:00Financial Performance - Operating revenue decreased by 45.02% to CNY 676.42 million compared to the same period last year[11] - Net profit attributable to shareholders increased by 187.55% to CNY 298.57 million year-on-year[11] - Basic earnings per share rose by 186.57% to CNY 0.192 per share[11] - Total revenue for Q1 2014 was CNY 676,420,409.99, a decrease of 45% compared to CNY 1,230,376,923.03 in the same period last year[38] - Total operating costs for Q1 2014 were CNY 917,055,001.37, down from CNY 1,030,077,766.97 year-over-year[38] - Net profit for Q1 2014 was CNY 351,524,002.91, compared to CNY 118,098,004.28 in Q1 2013, representing an increase of 197%[38] Assets and Liabilities - Total assets increased by 7.56% to CNY 39.14 billion compared to the end of the previous year[11] - The total assets of the company reached CNY 39,136,977,801.24, up from CNY 36,384,651,198.89 at the beginning of the year, indicating an increase of about 7.3%[30] - The total liabilities increased to CNY 30,788,597,093.72 from CNY 28,406,558,755.16, reflecting a rise of approximately 8.4%[31] - Total liabilities increased to CNY 11,871,384,343.27 from CNY 11,616,926,435.06, reflecting a rise of 2.2%[36] - The company's non-current assets decreased to CNY 5,435,760,406.41 from CNY 5,870,146,851.28, showing a decline of about 7.4%[30] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 970.71 million, worsening from a net outflow of CNY 231.12 million in the previous year[11] - Net cash flow from operating activities showed a significant decline, amounting to -CNY 970,714,693.51, due to reduced cash receipts from sales and increased cash payments for goods[23] - Cash inflow from sales of goods and services was CNY 1,164,311,230.14, down from CNY 1,643,898,048.26, a decrease of approximately 29.2%[44] - Total cash outflow from operating activities was CNY 2,493,069,676.30, compared to CNY 2,096,523,644.02 in the previous period, an increase of about 18.9%[45] - Cash inflow from investment activities totaled CNY 1,915,332,347.12, significantly up from CNY 66,786,985.84, marking an increase of approximately 2,764.5%[46] - The net cash flow from investment activities was CNY 1,172,261,671.92, a turnaround from CNY -83,783,551.76 in the previous period[46] - Cash inflow from financing activities was CNY 4,434,758,749.30, compared to CNY 2,358,365,117.83 in the previous period, reflecting an increase of about 88.0%[46] - The net cash flow from financing activities was CNY 2,313,554,228.01, up from CNY 809,196,315.69, indicating an increase of approximately 186.5%[46] Shareholder Information - The number of shareholders reached 153,867 by the end of the reporting period[14] - The largest shareholder, Shanghai Real Estate (Group) Co., Ltd., holds 36.36% of the shares, totaling 565,678,520 shares[15] Investments and Projects - The company sold 100% equity of its subsidiary Shanghai Ruisi Asset Management Co., Ltd. for CNY 1.46 billion, generating an investment income of CNY 834.54 million[10] - Investment income surged by 28,463.42% to CNY 819,437,269.93, attributed to the transfer of the Gubei Business District Project 9-4, generating an investment gain of CNY 834,539,000[23] - The company has several ongoing projects, with a total planned investment of CNY 2,147,490,000, including both completed and under-construction properties[26] Rental and Sales Performance - The total rental area at the end of the quarter was 213,852 square meters, with a total rental income of CNY 10,134.3 million, averaging CNY 27.87 per square meter per day[28] - The rental rate for the "Gubei International Wealth Center Phase II" shopping center and shops was 100%, generating a rental income of CNY 3,025.67 million[28] - The total sales area for the quarter was 47,039 square meters, with a cumulative sales area of 47,039 square meters for 2014[24] Equity and Shareholder Equity - Net assets attributable to shareholders rose by 5.51% to CNY 6.05 billion year-on-year[11] - The company's total equity rose to CNY 8,348,380,707.52 from CNY 7,978,092,443.73, reflecting an increase of approximately 4.6%[31] - The total owner's equity decreased to CNY 2,670,005,714.45 from CNY 2,913,405,247.19, a decline of 8.3%[36]