SMC(SH:600823)2015-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 2.08 billion, a year-on-year increase of 25.16%[11] - Net profit attributable to shareholders of the listed company was CNY 252.96 million, up 5.34% from the previous year[11] - The company achieved a sales contract amount of CNY 3.66 billion, a decrease of 9.1% year-on-year[11] - The average contract price per square meter was CNY 13,000, down 9.6% compared to the previous year[11] - Basic and diluted earnings per share were both CNY 0.22, an increase of 4.76%[7] - Total revenue for Q1 2015 reached ¥2,079,154,664.77, an increase of 25.2% compared to ¥1,661,174,981.60 in the same period last year[27] - The net profit for Q1 2015 was CNY 366,939,295.59, compared to CNY 277,777,633.37 in Q1 2014, reflecting a growth of about 32.1%[28] - The total profit for Q1 2015 reached CNY 483,864,641.90, up from CNY 378,413,346.15 in the previous year, indicating an increase of approximately 28%[28] - The company's basic and diluted earnings per share for Q1 2015 were both CNY 0.22, slightly up from CNY 0.21 in Q1 2014[29] - The total comprehensive income for Q1 2015 was CNY 317,499,412.29, compared to CNY 217,426,137.95 in the same quarter last year, marking an increase of about 46%[29] Cash Flow - Cash flow from operating activities improved by 45.63%, reaching CNY -1.18 billion[7] - Operating cash flow improved significantly, with a net cash flow of -1,177,909,646.58 RMB, a 45.63% increase compared to -2,166,516,504.65 RMB in the same period last year[13] - Investment cash flow also improved, with a net cash flow of -511,179,758.85 RMB, a 44.59% increase from -922,506,350.67 RMB year-on-year[13] - Financing cash flow surged to 3,411,636,346.56 RMB, a remarkable 236.12% increase compared to 1,015,001,679.02 RMB in the previous year[13] - The net cash flow from operating activities was -2,334,200,403.42 RMB, compared to -101,811,591.93 RMB in the previous period, indicating a significant decline[39] - Total cash inflow from financing activities reached 6,075,800,000.00 RMB, up from 919,000,000.00 RMB in the previous period, reflecting increased borrowing and investment[40] - The net cash flow from investing activities was -257,983,487.33 RMB, compared to -1,879,969,324.06 RMB in the previous period, showing an improvement in cash outflow management[40] - The cash flow from operating activities showed a negative net amount, indicating challenges in generating cash from core operations[39] Assets and Liabilities - Total assets increased by 3.90% to CNY 61.20 billion compared to the end of the previous year[7] - Current liabilities totaled ¥28,003,190,680.74, a decrease of 7.9% from ¥30,429,271,190.27 at the start of the year[21] - Non-current liabilities increased to ¥12,661,360,297.39 from ¥8,436,222,025.48, representing a significant rise of 50.5%[21] - The total liabilities reached ¥40,664,550,978.13, compared to ¥38,865,493,215.75 at the beginning of the year, indicating an increase of 4.1%[21] - The company's cash and cash equivalents rose to ¥3,572,825,624.15, up from ¥1,783,738,373.23, marking an increase of 100.0%[23] - Cash and cash equivalents increased to 6,912,134,181.20 RMB, representing 11.30% of total assets, up 33.19% from 5,189,585,343.06 RMB (8.81% of total assets) last year[13] - Short-term borrowings amounted to 2,985,900,000.00 RMB, reflecting a stable financing structure[14] - The company's short-term borrowings increased to ¥3,958,900,000.00 from ¥2,985,900,000.00, a rise of 32.6%[21] - The company reported a stable long-term debt level with long-term borrowings at 4,144,880,000.00 RMB[14] Shareholder Information - The number of shareholders increased to 31,635 by the end of the reporting period[9] - The company is committed to ensuring timely disclosure of information to shareholders, adhering to competitive agreements to avoid conflicts of interest[15] Operational Performance - The company's operating revenue for Q1 2015 was CNY 48,929,883.56, a significant increase from CNY 26,911,167.32 in the same period last year, representing an increase of approximately 81.8%[31] - The operating profit for Q1 2015 was CNY -29,966,293.19, a decline from CNY 22,279,623.85 in the previous year, indicating a negative shift in operational performance[31] - The company experienced a decrease in management expenses, which were CNY 23,186,025.96 in Q1 2015, down from CNY 32,943,888.79 in Q1 2014, representing a reduction of approximately 29.5%[31] - The financial expenses for Q1 2015 were CNY 47,373,706.36, an increase from CNY 33,999,355.67 in the same period last year, indicating a rise of about 39.5%[31] Investment Activities - The company reported an investment loss of CNY 7,514,302.61 in Q1 2015, a decrease from the investment income of CNY 62,990,097.98 in Q1 2014[31] - The cash flow from investment activities included 10,000,000.00 RMB received from investment recoveries, down from 254,893,914.94 RMB in the previous period[40]