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深深房A(000029) - 2014 Q2 - 季度财报(更新)
SPGSPG(SZ:000029)2014-08-25 16:00

Financial Performance - The company achieved operating revenue of CNY 573,074,359.31, representing a year-on-year increase of 78.70%[19] - Net profit attributable to shareholders reached CNY 34,732,376.73, up 166.14% compared to the same period last year[19] - Basic earnings per share rose to CNY 0.0343, reflecting a growth of 165.89%[19] - The revenue from real estate sales recognized during the period was CNY 26,792.40 million, a significant increase of 303.75%[28] - Engineering construction revenue was CNY 20,797.80 million, showing a year-on-year growth of 26.51%[28] - Rental income increased by 22.39% to CNY 3,664.33 million[28] - The company's operating revenue for the current period reached ¥573,074,359.31, representing a year-on-year increase of 78.70% primarily due to revenue recognition from the Shenfang Chuanqi Mountain project[30] - Operating profit for the current period was ¥49,708,643.45, compared to ¥15,658,241.78 in the previous period, indicating an increase of approximately 216.5%[108] - Net profit for the current period was ¥34,752,731.76, a rise from ¥13,068,157.78, which is an increase of around 165.5%[108] - The company expects a cumulative net profit for the period from the beginning of the year to the next reporting period to be between 5,000 and 5,800 million yuan, representing a growth of 201.57% to 249.82% compared to the previous year[51] Cash Flow and Financial Position - The company reported a net cash flow from operating activities of CNY 200,024,750.32, a decrease of 42.76% year-on-year[19] - Cash flow from operating activities decreased by 42.76% to ¥200,024,750.32, mainly due to increased tax payments[30] - The company reported a net cash increase of ¥31,721,528.78, down 75.50% from the previous year, attributed to the decline in operating cash flow[31] - The total cash flow from operating activities was ¥200,024,750.32, down from ¥349,447,741.01, indicating a decrease of about 42.8%[114] - Cash and cash equivalents at the end of the period totaled ¥551,005,901.22, compared to ¥593,181,183.41 at the end of the previous period, reflecting a decrease of approximately 7.1%[115] - The company reported a total profit of ¥50,085,736.87, up from ¥19,087,918.05, representing an increase of about 162.5%[108] - The company experienced a cash outflow of CNY 130,295,350.06 in taxes paid, which increased significantly from CNY 27,139,693.58 in the previous period[118] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 4,389,048,260.74, an increase of 4.13% from the end of the previous year[19] - Current assets rose to CNY 3,766,506,657.26, up from CNY 3,578,794,485.45, indicating an increase of about 5.3%[100] - Total liabilities grew to CNY 2,619,928,993.68 from CNY 2,480,094,661.66, marking an increase of around 5.6%[102] - The company's equity attributable to shareholders rose to CNY 1,897,643,065.42 from CNY 1,863,347,135.33, a growth of about 1.8%[102] - The total owner's equity decreased to CNY 1,769,119,267.06 from CNY 1,735,004,635.01, a decline of approximately 2.0%[102] Investments and Projects - The company has invested 10,308 million yuan in the Shenfang Chuanqi Mountain project, with a total planned investment of 254,545 million yuan, and has recognized sales revenue of 150,917 million yuan from this project[49] - The company has a total of 528,945 million yuan planned for significant projects, with 31,491 million yuan invested in the current reporting period[49] - The company achieved a sales turnover of 150,917 million yuan from the Shenfang Chuanqi Mountain project, reflecting successful project execution[49] Governance and Compliance - The company has maintained a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and oversight[56] - The financial report for the half-year period was not audited[81] - The company has not disclosed any future development plans or significant changes in its operational strategy during the reporting period[32] - The company has not distributed cash dividends or bonus shares in the previous year and plans to continue this policy for the current half-year[52][53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 75,869[89] - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 642,884,262 shares, accounting for 63.55% of the total shares[90] - The total number of shares outstanding is 1,011,660,000, with 100% being tradable shares[87] - The proportion of domestic ordinary shares is 88.14%, while the proportion of foreign shares listed domestically is 11.86%[87] - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[91] Legal and Litigation Matters - The company is currently involved in litigation related to the Xi'an project, with a claim amount of 2,100 million yuan, which is still in progress[57] - The company reported a loss of 390,660 million yuan for the New Peak Investment Management Company, indicating challenges in this subsidiary[49] - The company has reported a loss of 38,502,706 yuan for the Longgang Development Company, indicating financial difficulties in this segment[49] Accounting Policies and Financial Instruments - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[133] - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[139] - Financial instruments are classified at initial recognition into categories such as financial assets at fair value through profit or loss, held-to-maturity investments, and loans[154] - The company assesses the carrying value of financial assets at each balance sheet date, recognizing impairment losses when necessary[165] - The company recognizes accounts receivable over RMB 5 million as significant and conducts individual impairment testing for these amounts[169] Inventory and Assets Management - Inventory is classified into completed development products, in-progress development products, and land intended for development[171] - The cost of inventory is initially measured at cost, with materials issued valued at weighted average cost and development products at individual identification method[172] - The net realizable value of inventory is determined by estimated selling price minus estimated costs to complete and sell[173] - Long-term equity investments are initially measured at the fair value of the consideration paid, including related expenses and taxes[175]