SMC(SH:600823)2014-04-29 16:00Financial Performance - In Q1 2014, the company achieved operating revenue of RMB 1.66 billion, a year-on-year increase of 7.3%[15] - The net profit attributable to shareholders reached RMB 240 million, reflecting a year-on-year growth of 8.4%[15] - The basic earnings per share increased by 10.53% to RMB 0.21[10] - The net profit attributable to the parent company's shareholders rose by 8.35% to 240,149,024.71 RMB, driven by increased revenue and investment income[17] - The total profit for the current period is CNY 378,413,346.15, compared to CNY 290,091,103.61 in the previous period, reflecting a growth of 30.4%[32] - The net profit for the current period is CNY 277,777,633.37, an increase of 20% from CNY 231,537,707.02 in the previous period[32] Cash Flow - The company reported a net cash flow from operating activities of RMB -2.17 billion, a significant decrease of 1,397.76% compared to the previous year[10] - The net cash flow from operating activities decreased significantly to -2,166,516,504.65 RMB, a decline of 1,397.76% compared to the same period last year, primarily due to increased real estate project development and land payments[17] - The company reported a net cash outflow from operating activities of CNY -2,166,516,504.65, compared to a net inflow of CNY 166,943,138.83 in the previous period[37] - The cash and cash equivalents at the end of the period amount to CNY 3,345,072,193.29, down from CNY 3,799,100,227.13 at the end of the previous period[38] - Net cash flow from operating activities was -$101,811,591.93, an improvement from -$182,920,881.35 year-over-year[41] Assets and Liabilities - The total assets at the end of the reporting period were RMB 53.81 billion, an increase of 7.43% from the end of the previous year[10] - Total assets increased to CNY 53.81 billion from CNY 50.09 billion, representing a growth of approximately 5.4% year-over-year[25] - Total liabilities rose to CNY 37.36 billion, up from CNY 33.86 billion, indicating an increase of about 10.3%[26] - Owner's equity increased to CNY 16.44 billion from CNY 16.23 billion, reflecting a growth of approximately 1.3%[26] - Current liabilities totaled CNY 26.96 billion, up from CNY 25.19 billion, representing a growth of about 7.0%[25] - Non-current liabilities increased to CNY 10.41 billion from CNY 8.67 billion, indicating a rise of approximately 20.0%[26] Investments and Acquisitions - The company plans to acquire a 7.74% stake in Shenwan Hongyuan Securities Co., Ltd. for 2.186 billion RMB, pending approval from the China Securities Regulatory Commission[18] - Long-term equity investments grew by 25.40% to 3,919,349,439.39 RMB, reflecting an increase in joint ventures[18] Operational Metrics - The company signed sales contracts worth RMB 4.03 billion, a slight increase of 0.1% year-on-year, with a signed area of 281,000 square meters, down 17%[15] - The average contract price reached RMB 14,000 per square meter, up 21% year-on-year[15] - The rental income from leased properties was RMB 103 million, with a rental rate of 97% for a leased area of 651,000 square meters[16] - The company expanded its cinema operations to 15 locations, with a total of 136 screens by the end of the reporting period[16] Expenses - Sales expenses increased by 56.92% to 93,464,565.16 RMB, attributed to the growth in real estate projects and commercial operations[17] - The company incurred total sales expenses of CNY 93,464,565.16, an increase of 56.8% from CNY 59,561,930.36 in the previous period[32] - Cash paid for goods and services was $105,420,060.48, compared to $2,389,410.48 previously, indicating a rise in operational costs[41] Other Financial Metrics - The weighted average return on net assets decreased by 0.06 percentage points to 1.68%[10] - The company experienced a significant increase in other cash inflows related to operating activities, totaling CNY 4,323,529,715.06, compared to CNY 466,036,032.05 in the previous period[37] - Investment income for the current period is CNY 69,665,009.50, compared to a loss of CNY -4,136,729.97 in the previous period[32] - The company reported a comprehensive income total of CNY 218,564,387.95, slightly down from CNY 229,025,381.38 in the previous period[32]