BURTC(600861)2014-04-25 16:00Financial Performance - Net profit attributable to shareholders decreased by 4.48% to RMB 31,398,399.17 year-on-year [11]. - Operating revenue decreased by 6.89% to RMB 724,214,514.60 compared to the same period last year [11]. - Basic earnings per share decreased by 4.53% to RMB 0.0991 compared to the previous year [11]. - Total operating revenue decreased to ¥724,214,514.60 from ¥777,785,340.95, a decline of approximately 6.8% year-over-year [10]. - Net profit for the period was ¥32,702,971.72, down from ¥35,341,724.64, representing a decrease of approximately 7.3% year-over-year [30]. - Basic earnings per share decreased to ¥0.0991 from ¥0.1038, a decline of about 6.8% year-over-year [30]. Cash Flow and Liquidity - Net cash flow from operating activities increased by 388.72% to RMB 322,412,610.85 due to increased cash inflow from pre-sale of properties [11][18]. - Cash flow from operating activities increased to ¥322,412,610.85 from a negative cash flow of ¥111,669,668.65, indicating a significant improvement [33]. - Total cash and cash equivalents at the end of the period increased to 986,581,190.13 RMB, compared to 676,795,877.35 RMB in the previous period [34]. - The company experienced a net increase in cash and cash equivalents of 15,681,663.57 RMB, contrasting with a decrease of -60,938,423.35 RMB in the previous period [35]. Assets and Liabilities - Total assets increased by 10.11% to RMB 3,893,452,173.36 compared to the end of the previous year [10]. - The total current assets as of March 31, 2014, amount to 2.631 billion RMB, an increase from 2.258 billion RMB at the beginning of the year [24]. - The total liabilities as of March 31, 2014, are 1.579 billion RMB, compared to 1.253 billion RMB at the beginning of the year, indicating a significant increase in liabilities [25]. - The company's total equity as of March 31, 2014, is 2.314 billion RMB, up from 2.282 billion RMB at the beginning of the year [25]. Project Development - The total investment for the "Urban Century Plaza" project is 2.456 billion RMB, with a total construction area of 300,588.83 square meters, including 230,153.36 square meters of commercial space and 70,435.47 square meters of office space [19]. - The pre-sale of the office building is expected to help cover construction costs, repay bank loans, and supplement working capital [21]. - The company is committed to completing the "Urban Century Plaza" project by the end of 2014 [19]. Investment and Income - Investment income decreased by 148.10% to RMB -117,528.89 due to losses from an associated company [18]. - Investment activities generated a net cash flow of 46,286,855.23 RMB, a significant increase from 5,114,194.37 RMB in the previous period [35]. - Investment income rose to ¥48,148,599.12 from ¥39,377,000.48, an increase of approximately 22% year-over-year [31]. Operating Costs and Expenses - Total operating costs decreased to ¥676,980,587.91 from ¥733,619,117.29, reflecting a reduction of about 7.7% year-over-year [10]. - The company reported a decrease in sales expenses to ¥20,583,486.84 from ¥27,319,583.04, a reduction of approximately 24.8% year-over-year [32].