JINLING HOTEL(SH:601007)2015-04-29 16:00Financial Performance - Operating revenue rose by 18.32% to CNY 170,704,781.60 year-on-year[7] - Net profit attributable to shareholders decreased by 54.69% to CNY 3,169,805.08 compared to the same period last year[7] - Basic earnings per share fell by 52.17% to CNY 0.011[7] - Total operating revenue for Q1 2015 was CNY 170,704,781.60, an increase of 18.3% compared to CNY 144,277,000.37 in the same period last year[30] - Net profit for Q1 2015 was a loss of CNY 4,045,127.28, compared to a profit of CNY 7,023,679.40 in Q1 2014[31] - Net profit for Q1 2015 reached CNY 23,078,106.40, an increase of 219.5% from CNY 7,221,269.56 in Q1 2014[34] - Basic and diluted earnings per share for Q1 2015 were CNY 0.077, up from CNY 0.024 in the previous year, representing a 220.8% increase[34] Cash Flow - Cash flow from operating activities dropped by 84.91% to CNY 1,320,572.02 year-on-year[7] - Cash flow from operating activities generated a net amount of CNY 1,320,572.02, a significant decrease from CNY 8,751,193.79 in Q1 2014[37] - Cash inflow from investment activities was $16,230,359.19, compared to $44,058,404.31 in the same quarter last year[41] - Net cash flow from investment activities was negative at -$4,755,027.05, an improvement from -$26,002,281.69 year-over-year[41] - Total cash outflow from operating activities amounted to $53,207,879.66, down from $62,793,203.95 year-over-year[41] - Cash paid for taxes was $3,682,874.58, down from $6,377,091.80 in the previous year[41] Assets and Liabilities - Total assets increased by 0.42% to CNY 3,241,219,033.01 compared to the end of the previous year[7] - Total assets amounted to 3,241,219,033.01 RMB, showing a slight increase from 3,227,694,489.84 RMB at the beginning of the year[22] - Non-current liabilities totaled 1,173,864,397.25 RMB, with long-term borrowings increasing to 670,614,397.25 RMB from 540,589,999.97 RMB[22] - Total liabilities as of March 31, 2015, were CNY 147,360,029.33, down from CNY 150,134,902.02 at the start of the year[27] Expenses - Financial expenses surged by 5016.03% to CNY 7,454,834.53 compared to the previous year[15] - Management expenses increased by 109.33% to CNY 58,093,308.71 year-on-year[15] - Operating taxes and surcharges increased by 48.30% year-on-year, mainly due to the trial operation of the subsidiary Nanjing New Jinling Hotel Co., Ltd. in the second half of 2014, resulting in increased operating income[17] - The company reported a significant increase in management expenses, which rose to CNY 58,093,308.71 from CNY 27,751,478.70 in the previous year[31] Investment Income - Investment income decreased by 98.19% year-on-year, primarily due to reduced investment income from the associate Nanjing Jinling Real Estate Development Co., Ltd.[17] - The company reported an increase in investment income to CNY 13,937,931.54, compared to CNY 3,439,358.69 in the previous year[33] Shareholder Information - The number of shareholders reached 13,619 at the end of the reporting period[11] - The company received government subsidies amounting to CNY 4,796,716.68 during the reporting period[7] Other Financial Metrics - Cash and cash equivalents at the end of the period were 428,309,568.08 RMB, up from 387,238,029.43 RMB at the beginning of the year[21] - Accounts receivable increased to CNY 2,786,867.41 from CNY 1,436,983.73 year-over-year[25] - Deferred income tax liabilities increased by 142.62% compared to the beginning of the year, primarily due to the increase in the difference between the book value and tax value of trading financial assets[16] - Impairment losses on assets decreased by 241.09% year-on-year, mainly due to reduced bad debt provisions and inventory write-downs from another subsidiary[17] - Fair value changes in income increased by 320.01% year-on-year, driven by higher returns from collective asset management products calculated at market prices[17]