ITG(SH:600755)2014-04-28 16:00Financial Performance - Operating revenue rose by 23.05% to CNY 12.67 billion year-on-year[12] - Net profit attributable to shareholders increased by 105.54% to CNY 252.08 million compared to the same period last year[12] - Basic and diluted earnings per share both rose by 105.54% to CNY 0.19[12] - The company reported a significant increase in net profit excluding non-recurring gains and losses, up 508.25% to CNY 175.53 million[12] - Operating revenue for the current period reached CNY 12.67 billion, up 23.0% from CNY 10.29 billion in the previous period[34] - Net profit for the current period was ¥265,754,424.46, up 69.7% from ¥156,452,823.16 in the previous period[35] - Total comprehensive income for the current period was ¥261,877,455.30, compared to ¥147,329,588.65 in the previous period, marking an increase of 77.6%[35] Assets and Liabilities - Total assets increased by 7.78% to CNY 30.57 billion compared to the end of the previous year[12] - The company's total assets as of March 31, 2014, showed a significant increase in fixed assets, rising by 72.19% to CNY 1,115,766,592.20 due to the completion and transfer of construction projects[19] - Current assets rose to CNY 27.32 billion, up from CNY 25.31 billion, reflecting a 7.9% increase[28] - Total liabilities increased to CNY 23.77 billion from CNY 21.86 billion, representing an 8.7% rise[29] - Short-term borrowings increased by 54.95% to CNY 7,415,363,897.84, reflecting the company's expanded business scale and increased working capital needs[19] Cash Flow - Cash flow from operating activities decreased by 149.90% to -CNY 942.02 million compared to the previous year[12] - Operating cash flow showed a net outflow of CNY 942,021,161.32, a decline of 149.90% compared to the previous year, mainly due to increased commodity purchases and land reserve payments[20] - The company reported a significant decrease in cash flow from investment activities, with a net outflow of CNY 1,035,743,399.01, a decline of 2804.60% compared to the previous year[20] - Net cash flow from financing activities increased by 263.83% to CNY 2,179,050,437.83, driven by rapid business expansion[20] - Cash flow from operating activities showed a net outflow of ¥942,021,161.32, a decrease from a net inflow of ¥1,887,905,847.21 in the previous period[41] - Investment activities resulted in a net cash outflow of ¥1,035,743,399.01, contrasting with a net inflow of ¥38,295,641.06 in the previous period[41] - Financing activities generated a net cash inflow of ¥2,179,050,437.83, compared to a net outflow of ¥1,330,106,364.87 in the previous period[42] Shareholder Information - The total number of shareholders reached 118,049[16] - The largest shareholder, Xiamen International Trade Holdings Co., Ltd., holds 30.28% of the shares[16] - The company's undistributed profits rose to CNY 3.22 billion from CNY 2.97 billion, an increase of 8.7%[29] - The total equity attributable to shareholders increased to CNY 5.77 billion from CNY 5.52 billion, a growth of 4.5%[29] Investment and Financial Activities - The company reported a 167.58% increase in investment income, reaching CNY 206,575,401.01, attributed to higher profits from commodity hedging futures contracts[20] - The investment income from joint ventures and associates was ¥116,946,904.76, a substantial increase from ¥33,654,676.19 in the previous period[38] - Financial expenses rose by 192.10% to CNY 134,980,686.21, primarily due to increased bank loan scales and reduced foreign exchange gains[20] - The company reported a significant increase in financial expenses, rising to ¥88,923,929.19 from ¥35,481,355.20, indicating a 150.5% increase[37] Operational Costs - Operating costs increased to CNY 12.42 billion, compared to CNY 10.22 billion, reflecting a 21.5% rise[34] - The company experienced a 119.76% increase in operating taxes and additional fees, totaling CNY 134,084,985.58, due to higher revenue from real estate operations[20]