FJDB(SH:600693)2014-04-18 16:00Financial Performance - Operating income decreased by 10.91% to CNY 523,465,632.40 compared to the same period last year[10] - Net profit attributable to shareholders increased by 350.14% to CNY 163,301,371.37[10] - Basic earnings per share increased by 349.06% to CNY 0.476[10] - Operating profit increased significantly to CNY 205,191,502.88, compared to CNY 52,053,136.46 in the previous period, reflecting a growth of 294.5%[37] - Net profit for the current period is CNY 158,998,396.39, a substantial increase of 348.5% from CNY 35,488,593.69 in the previous period[38] - Basic and diluted earnings per share rose to CNY 0.476, compared to CNY 0.106 in the previous period, marking a growth of 348.1%[38] Assets and Liabilities - Total assets increased by 4.66% to CNY 3,457,528,412.50 compared to the end of the previous year[10] - The total current assets as of March 31, 2014, amounted to CNY 2,724,978,807.36, an increase from CNY 2,490,640,497.77 at the beginning of the year, reflecting a growth of approximately 9.4%[29] - The company's total liabilities decreased slightly from CNY 2,149,670,988.86 at the beginning of the year to CNY 2,144,541,802.87, indicating a marginal reduction of about 0.2%[31] - Total liabilities increased to CNY 1,791,676,169.73 from CNY 1,769,009,572.96, reflecting a rise of 1.3%[35] - Total equity increased to CNY 1,072,835,283.96, up from CNY 1,022,336,505.81, indicating a growth of 4.9%[35] Cash Flow - Net cash flow from operating activities decreased by 327.98% to -CNY 328,233,322.53 compared to the same period last year[10] - Cash inflow from operating activities totaled CNY 600,339,103.81, down from CNY 656,305,011.57, a decrease of 8.5%[42] - Cash outflow for purchasing goods and services increased to CNY 796,993,804.58, up from CNY 580,389,337.28, reflecting a rise of 37.3%[42] - Cash inflow from investment activities amounted to ¥1,025,911,452.77, significantly higher than ¥1,418,766.82 in the previous period[43] - Cash outflow for investment activities was ¥560,183,601.23, compared to ¥10,561,784.32 in the prior period, indicating a substantial increase[44] - Net cash flow from investment activities was ¥465,727,851.54, a recovery from -¥9,143,017.50 in the previous period[44] - Cash inflow from financing activities was ¥126,000,000.00, up from ¥77,000,000.00 in the prior period, reflecting a 63.64% increase[44] - Net cash flow from financing activities was ¥41,228,686.23, improving from -¥24,486,103.19 in the previous period[44] Shareholder Information - The total number of shareholders reached 20,536 at the end of the reporting period[13] - The largest shareholder, Fujian Fengqi Investment Co., Ltd., holds 29.20% of the shares[13] - The company plans to distribute at least 30% of the average distributable profit over the last three years as cash dividends, ensuring a commitment to shareholder returns[27] - The company has a long-term commitment to cash dividends for the next three years, with a focus on maintaining profitability and cash flow to support normal operations and long-term development[27] Investment and Receivables - Cash and cash equivalents increased by 76.79% compared to the previous period, primarily due to the maturity of financial products and the receipt of RMB 150 million from the sale of a 35% stake in Fuzhou Rich Real Estate Co., Ltd.[15] - Accounts receivable grew by 83.54% compared to the previous period, mainly due to increased rental and property management fees from tenants.[16] - Other receivables increased by 81.07% compared to the previous period, attributed to the increase in receivables from the sale of a 1 billion RMB stake in Fuzhou Rich Real Estate Co., Ltd.[16] - Investment income surged by 9,406.70% compared to the previous period, primarily from the gain of RMB 182.77 million from the sale of a 35% stake in Fuzhou Rich Real Estate Co., Ltd.[18] - Tax expenses rose by 174.50% compared to the previous period, mainly due to the income tax provision related to the investment gains from the sale of the aforementioned stake.[18] Other Financial Metrics - The weighted average return on net assets increased by 10.69 percentage points to 14.22%[10] - The company reported a significant gain from the disposal of non-current assets amounting to CNY 182,772,619.21[11] - Financial expenses increased by 176.11% compared to the previous period, primarily due to the expansion of loan scales and increased interest expenses.[18] - Other current assets decreased by 75.12% compared to the previous period, mainly due to the maturity of financial products purchased at the beginning of the period.[16] - Long-term equity investments decreased by 93.79% compared to the previous period, resulting from the sale of a 35% stake in Fuzhou Rich Real Estate Co., Ltd.[16] - The company completed the transfer of a 35% stake in Fuzhou Rich Real Estate Co., Ltd. for RMB 250 million, with payment obligations fulfilled by the buyer as of the report date.[23] - The company reported a significant increase in inventory from CNY 945,015,858.17 to CNY 1,039,326,728.93, which is an increase of approximately 10%[29] - The company’s long-term investments decreased from CNY 71,677,020.79 to CNY 4,449,640.00, indicating a significant reduction of about 93.8%[29]