BAIDA GROUP(SH:600865)2017-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY 15,205,744.41, representing a decline of 47.89% year-on-year[6] - Basic earnings per share decreased by 48.72% to CNY 0.040 from CNY 0.078 in the previous year[6] - The net profit after deducting non-recurring gains and losses was CNY 6,190,547.36, down 67.88% year-on-year[6] - Net profit attributable to shareholders decreased by 47.89% from CNY 29,177,433.99 to CNY 15,205,744.41, primarily due to losses from the associate Hangzhou Baida Real Estate Co., Ltd.[16] - Net profit for Q1 2017 was CNY 15,205,744.41, a decrease of 48% from CNY 29,177,433.99 in the previous year[39] - Earnings per share for Q1 2017 were CNY 0.040, down from CNY 0.078 in the same quarter last year, representing a decline of 48.7%[40] Revenue and Costs - Operating revenue for the period was CNY 278,135,919.56, an increase of 1.39% compared to the same period last year[6] - Total operating revenue for Q1 2017 was CNY 278,135,919.56, a slight increase of 0.3% compared to CNY 274,323,199.60 in the same period last year[38] - Total operating costs for Q1 2017 amounted to CNY 248,160,778.02, up from CNY 246,187,640.34, reflecting a year-over-year increase of 0.8%[38] Cash Flow - The net cash flow from operating activities was CNY -54,839,222.99, compared to CNY -25,418,762.74 in the previous year, indicating a worsening cash flow situation[6] - Operating cash flow net amount decreased to CNY -54,839,222.99 from CNY -25,418,762.74, reflecting increased payments to suppliers and taxes[19] - Cash inflow from operating activities totaled CNY 325,251,069.74, up from CNY 304,042,178.50 year-over-year[44] - Cash outflow from operating activities increased to CNY 380,090,292.73 from CNY 329,460,941.24, reflecting higher operational costs[45] - Cash flow from investment activities was negative at CNY -53,106,633.85, slightly worse than CNY -51,455,271.98 in the previous year[45] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,044,141,995.65, a decrease of 1.28% compared to the end of the previous year[6] - The total number of shareholders at the end of the reporting period was 34,668[11] - The total liabilities decreased to CNY 297,717,932.10 from CNY 363,000,177.84, a reduction of approximately 18.0%[32] - The company's total assets amounted to CNY 2,044,141,995.65, a decrease from CNY 2,070,593,496.98 at the beginning of the year[29] - The company's cash and cash equivalents decreased to CNY 130,324,716.84 from CNY 238,270,573.68, representing a decline of approximately 45.4%[30] - Accounts receivable increased to CNY 24,945,830.90 from CNY 12,634,800.79, reflecting a growth of about 97.1%[30] - The company's non-current assets totaled CNY 1,680,041,716.98, slightly up from CNY 1,673,162,189.69 at the beginning of the year[31] Investments and Projects - The company is actively seeking investment opportunities in the health and consumer sectors to leverage its strengths[26] - The company has not made substantial progress on the Zhejiang Xizi International Medical Center project, with significant uncertainties remaining[25] - The company purchased financial products totaling CNY 284 million, generating a return of CNY 365,100 during the reporting period[22] - As of March 31, 2017, the West International project developed by Hangzhou Baida Real Estate has sold 63,600 square meters of property, with 47,600 square meters remaining for sale[20] - The company provided a guarantee for a bank loan of CNY 600 million for Hangzhou Baida Real Estate, with a guarantee period from May 18, 2015, to May 8, 2018[21] Operational Efficiency - The company is focusing on improving operational efficiency and exploring new investment opportunities to enhance future performance[42] - The company reported a significant increase in inventory, rising to CNY 2,380,708.23 from CNY 1,087,695.85, an increase of approximately 119.3%[30]