BEH-P(SH:600791)2014-08-21 16:00Financial Performance - The company achieved operating revenue of RMB 781,139,211.00, representing a 167.63% increase compared to the same period last year[20]. - The net profit attributable to shareholders was RMB 44,355,937.59, a slight increase of 1.13% year-on-year[20]. - The net cash flow from operating activities reached RMB 509,917,958.03, a significant increase of 1,221.69% compared to the previous year[20]. - The total profit for the period was RMB 190,934,195.87, indicating strong operational performance[24]. - The company's operating revenue reached ¥781,139,211, an increase of 167.63% compared to ¥291,870,464 in the same period last year[29]. - Operating costs amounted to ¥296,081,170.90, reflecting a 121.46% increase from ¥133,694,826.84 year-on-year[29]. - The gross profit margin for the real estate sector was 62%, with operating revenue increasing by 168% and operating costs increasing by 123% compared to the previous year[31]. - Revenue from Beijing reached ¥780,375,057, showing a remarkable increase of 354.43% year-on-year[33]. - The company reported a net profit of CNY 747,787,103.39, up from CNY 726,075,165.80, indicating a growth of approximately 3%[60]. - Net profit for the period was ¥119,647,915, an increase from ¥72,445,362, marking a growth of around 65%[68]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 275,659,963.11, compared to a negative cash flow of CNY -40,741,087.26 in the previous year, indicating a turnaround in operational performance[82]. - Cash and cash equivalents increased to CNY 2,727,554,227.61 from CNY 2,507,410,496.63, reflecting a growth of approximately 8.8%[58]. - The cash balance at the end of the period is 501,386.58 RMB, while bank deposits amount to 2,725,979,186.06 RMB, totaling 2,727,554,227.61 RMB[187]. - The company maintains a strong liquidity position with a substantial amount of cash and bank deposits available[187]. Shareholder Information - The total number of shareholders at the end of the reporting period is 24,895[50]. - The largest shareholder, Beijing Energy Investment (Group) Co., Ltd., holds 45.26% of the shares, totaling 204,983,645 shares[50]. - The second-largest shareholder, Guizhou Shuicheng Steel (Group) Co., Ltd., holds 1.93% of the shares, totaling 8,751,600 shares[50]. - The company plans to distribute a cash dividend of ¥0.5 per 10 shares, based on a total of 452,880,000 shares[40]. - The company distributed dividends amounting to CNY 103,308,518.43, compared to CNY 15,998,315.40 in the same period last year, indicating a significant increase in shareholder returns[82]. Asset and Liability Management - The company reported a total asset value of RMB 7,044,768,535.83, with a negligible change from the previous year[20]. - Total liabilities decreased to CNY 5,050,421,610.54 from CNY 5,148,063,205.88, a reduction of approximately 1.9%[60]. - Current liabilities totaled CNY 2,426,463,712.97, down from CNY 2,514,801,008.04, a decrease of about 3.5%[59]. - Shareholders' equity increased to CNY 1,994,346,925.29 from CNY 1,897,343,009.78, reflecting an increase of about 5.1%[60]. Operational Strategy - The company plans to actively seek new project opportunities to increase project reserves in the second half of the year[24]. - The company will continue to monitor national policies and market changes to ensure the completion of annual targets[24]. - The company has expanded its project development areas to include Hohhot, Yinchuan, Tianjin, and Dalian, enhancing its market presence[34]. - The company plans to continue its investment strategy, focusing on expanding its asset base and enhancing operational efficiency in the upcoming quarters[82]. - The company is exploring new market opportunities and potential acquisitions to drive future growth and enhance its competitive position in the industry[82]. Corporate Governance - The company is committed to strengthening its corporate governance structure to maximize shareholder value[47]. - There were no major lawsuits, arbitrations, or media disputes reported during the period[43]. - The company has not faced any penalties or corrective actions from the China Securities Regulatory Commission during the reporting period[46]. - There were no changes in the total number of shares or the share capital structure during the reporting period[51]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[53]. Financial Reporting and Compliance - The company’s financial statements are prepared based on the principle of going concern, ensuring a true and complete reflection of its financial status[106][107]. - The company adheres to the Chinese Accounting Standards, ensuring compliance and transparency in its financial reporting[107]. - The company’s accounting period runs from January 1 to December 31 each year, aligning with standard fiscal practices[108]. - There are no changes in accounting policies or estimates reported by the company[167].