SG(SH:600734)2014-04-29 16:00Financial Performance - Operating revenue decreased by 65.01% to CNY 5,567,018.33 compared to the same period last year[9] - Net profit attributable to shareholders improved by 24.06% to -CNY 9,594,026.42 compared to the same period last year[9] - Basic and diluted earnings per share improved by 24.06% to -CNY 0.0272 compared to the same period last year[9] - The net loss for the period was CNY -15,555,934.33, compared to a net loss of CNY -18,573,714.64 in the same period last year, showing an improvement of approximately 16.5%[30] - Total comprehensive income for the current period is -3,054,813.28, down from -6,489,429.21 in the previous period[33] Assets and Liabilities - Total assets increased by 4.98% to CNY 1,261,290,963.77 compared to the end of the previous year[9] - The company's total liabilities increased to CNY 1,094,322,856.17 from CNY 1,018,966,932.17, reflecting a rise of about 7.4%[30] - The total equity attributable to shareholders decreased to CNY 147,120,812.85 from CNY 156,714,839.27, a decline of approximately 6.4%[30] - Long-term borrowings increased by 183.50% from CNY 200,000,000.00 to CNY 567,000,000.00, indicating increased financing from financial institutions[14] Cash Flow - Net cash flow from operating activities decreased by 137.74% to -CNY 87,139,767.39 compared to the same period last year[9] - Cash inflow from operating activities is 35,249,782.32, significantly lower than 290,278,376.45 in the previous period[34] - Cash outflow from operating activities increased to 122,389,549.71 from 59,407,777.86 in the previous period[35] - Cash flow from investing activities resulted in a net outflow of -3,622,838.78, compared to -3,230,158.66 in the previous period[36] - Cash inflow from financing activities is 205,280,000.00, with cash outflow of 99,281,442.74, resulting in a net cash flow of 105,998,557.26[36] Shareholder Information - Total number of shareholders reached 36,102 at the end of the reporting period[12] - The largest shareholder, Beijing Angzhan Real Estate Co., Ltd., holds 22.22% of shares, totaling 78,122,586 shares[12] Operational Changes - Employee compensation payable decreased by 72.20% from CNY 2,355,716.92 to CNY 654,875.57 as a result of salary payments made during the period[14] - Operating costs decreased by 76.03% from CNY 10,171,049.82 to CNY 2,438,041.51, reflecting reduced real estate costs[14] - The company is focusing on reducing operational costs and improving profitability in future quarters[30] Other Financial Metrics - Accounts receivable decreased by 48.13% from CNY 5,436,085.44 to CNY 2,819,659.26 due to the recovery of trade receivables[14] - The company reported a total of CNY 1,129,636.94 in losses from non-operating income and expenses[10] - The company has ongoing investments in long-term equity, amounting to CNY 89,777,135.54, unchanged from the previous period[26] - The company reported a significant increase in other receivables, totaling CNY 159,004,975.21, compared to CNY 159,283,149.72 previously[26] Future Outlook - The company expects to incur losses in the first half of 2014 due to limited revenue from real estate business[16] - The company plans to conduct a private placement of shares, pending approval from the shareholders' meeting and the China Securities Regulatory Commission[15]