CREC(SZ:000736)2014-08-14 16:00Financial Performance - The company's operating revenue for the reporting period was ¥461,804,665.16, a decrease of 25.15% compared to ¥616,984,720.34 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥84,574,764.78, representing an increase of 3.99% from ¥81,331,954.30 year-on-year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥33,738,254.54, down 57.73% from ¥79,815,752.64 in the previous year[21]. - The net cash flow from operating activities was -¥333,148,030.60, worsening by 106.90% compared to -¥161,955,682.91 in the same period last year[21]. - Basic earnings per share for the reporting period were ¥0.28, a 3.70% increase from ¥0.27 in the same period last year[21]. - The weighted average return on net assets was 5.11%, slightly up by 0.01 percentage points from 5.10% in the previous year[21]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,503,720,411.32, an increase of 18.48% from ¥4,645,423,119.02 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were ¥1,693,267,555.38, up 4.79% from ¥1,615,909,766.77 at the end of the previous year[21]. - Total liabilities rose to ¥2,568,552,449.14 from ¥1,837,011,316.84, indicating an increase of around 40%[118]. - The company's total equity increased to ¥2,935,167,962.18 from ¥2,808,411,802.18, which is an increase of about 4.5%[118]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 333.15 million, an increase of 105.70% in outflow compared to the previous year[31]. - Cash received from operating activities fell by 40.56% to CNY 703,082,367.57, reflecting a decrease in cash inflows from various subsidiaries[34]. - The net cash flow from operating activities was 18,310,371.36, a significant improvement compared to a negative cash flow of -8,863,443.95 in the previous period[130]. - The net cash flow from investment activities was 212,322,284.24, recovering from a negative cash flow of -177,627,879.00 in the previous period[131]. - The net cash flow from financing activities was 610,570,334.24, up from 308,478,556.86 in the previous period, reflecting increased financing activities[128]. Investment and Projects - The company commenced new projects with a total construction area of 315,900 square meters and completed 66,200 square meters in the first half of 2014[30]. - The company is actively seeking and evaluating real estate projects nationwide, aiming to increase land reserves and project opportunities[36]. - The company acquired a new project in Tianjin's Baodi District in June 2014, with a land amount of CNY 282 million and a planned total construction area of approximately 21.88 million square meters[40]. - The total signed sales amount for projects reached CNY 9,375.28 million, with a signed sales area of 1.48 million square meters[38]. Dividends and Profit Distribution - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company distributed a cash dividend of CNY 0.2 per 10 shares, totaling CNY 5.94 million for the 2013 fiscal year[60]. - The company reported a profit distribution of CNY 8,753,224.21, which was fully allocated to surplus reserves[136]. Governance and Compliance - The company’s governance practices align with the requirements of the Company Law and relevant regulations[65]. - There are no warnings regarding significant changes in net profit compared to the previous year[59]. - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[147]. Legal and Regulatory Matters - The company is involved in a lawsuit concerning 124,694 shares of Weichai Power stock, with the Shanghai First Intermediate People's Court dismissing the initial claim[66]. - The company’s subsidiary, Zhaojia Company, was ordered to pay 23.81 million yuan in debts and 55.41 million yuan in penalties to Huaxia Technology, totaling 130.23 million yuan in liabilities[66]. Financial Instruments and Accounting Policies - The company recognizes goodwill in business combinations when the acquisition cost exceeds the fair value of identifiable net assets acquired[153]. - The company assesses the carrying amount of financial assets for impairment at each reporting date, recognizing impairment losses when objective evidence indicates a loss[175]. - The company applies a percentage-based method for calculating bad debt provisions, with specific rates for different aging categories, such as 1% for 6-12 months and 100% for over 5 years[181]. Shareholder Information - The total number of shares is 297,193,885, with 56.84% being restricted shares and 43.15% being unrestricted shares[100]. - The largest shareholder, Zhongzhu Real Estate, holds 53.32% of the shares, totaling 158,460,235 shares[103]. - The company has 12,171 common shareholders at the end of the reporting period[102].