SID(SH:600748)2014-04-28 16:00Financial Performance - Operating revenue fell by 72.94% to CNY 257.29 million year-on-year, primarily due to a decrease in real estate sales revenue[18] - Net profit attributable to shareholders increased by 720.69% to CNY 639.53 million compared to the same period last year[12] - Basic and diluted earnings per share rose by 742.86% to CNY 0.59[12] - Total revenue for the current period is CNY 257,290,806.99, a significant decrease from CNY 950,698,039.04 in the previous period, representing a decline of approximately 73%[34] - Net profit for the current period is CNY 648,567,816.25, compared to CNY 78,381,041.28 in the previous period, showing an increase of approximately 728%[35] Assets and Liabilities - Total assets decreased by 7.70% to CNY 18.97 billion compared to the end of the previous year[12] - The total assets amount to CNY 10,399,812,887.91, a decrease from CNY 12,830,699,415.75, reflecting a decline of about 19%[31] - The company's total liabilities decreased from RMB 13.43 billion to RMB 11.38 billion during the same period[27] - Total liabilities are CNY 7,142,195,868.52, down from CNY 10,305,047,631.78, indicating a reduction of approximately 31%[31] - The company's equity totals CNY 3,257,617,019.39, an increase from CNY 2,525,651,783.97, representing a growth of about 29%[31] Cash Flow - Cash flow from operating activities showed a significant decline of 414.99%, resulting in a negative cash flow of CNY 970.99 million[12] - Operating cash inflow for the period was CNY 614,490,371.42, a decrease from CNY 1,199,627,375.23 in the previous period[41] - Total cash outflow from operating activities reached CNY 1,585,479,091.25, compared to CNY 891,365,510.50 last year[41] - Net cash flow from operating activities was negative at CNY -970,988,719.83, a significant decline from CNY 308,261,864.73 in the previous period[41] - Cash inflow from investment activities totaled CNY 943,254,943.84, a substantial increase from CNY 3,358,903.06 last year[41] Investments and Acquisitions - The company completed the transfer of 51% equity in Shanghai Fengqi Real Estate Co., Ltd., resulting in a gain of CNY 675.49 million[14] - The company completed the acquisition of a 5% stake in Shanghai Yude Power Technology Group Co., Ltd. for RMB 10.5 million[19] - The company acquired a land parcel in Shanghai Jiading New City for RMB 26.93 million and established a wholly-owned subsidiary with a registered capital of RMB 7.5 million for project development[19] - The company provided a loan of RMB 190 million to Shanghai Shiye Elderly Investment Co., Ltd. for the development of an elderly care real estate project[21] - The company reported a projected net profit increase of over 100% compared to the same period last year, primarily due to the gain from the transfer of a 51% stake in Shanghai Fengqi Real Estate Co., Ltd.[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 61,505[16] Operational Changes - The company initiated the liquidation of its subsidiary, Chongqing Huaxin International City Development Co., Ltd., with an 80% stake sold for no less than RMB 35.36 million[19] - The company plans to continue its market expansion and explore new strategies following the equity transfer[18] Other Financial Metrics - The weighted average return on equity increased by 10.48 percentage points to 12.10%[12] - The company reported a significant decrease of 75.63% in accounts payable, amounting to CNY 201.23 million[18] - The company's cash and cash equivalents decreased from RMB 4.23 billion to RMB 1.49 billion[29] - The company's accounts receivable increased from RMB 1.36 million to RMB 1.58 million[25] - The company's inventory decreased from RMB 9.59 billion to RMB 9.23 billion[25] - Operating costs for the current period amount to CNY 116,808,841.21, down from CNY 828,617,539.70, indicating a reduction of about 86%[34] - The company has a short-term loan of CNY 1,150,000,000.00, unchanged from the previous period[31] - The company’s total liabilities to equity ratio stands at approximately 2.19, indicating a leverage level that may require monitoring[31]