HEC(SZ:000886)2014-04-18 16:00Financial Performance - The company's operating revenue for Q1 2014 was ¥40,918,129.52, a decrease of 70.38% compared to ¥138,147,596.60 in the same period last year[9] - The net profit attributable to shareholders was ¥25,390,808.93, down 42.92% from ¥44,485,202.10 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥15,801,373.36, reflecting a decline of 64.48% compared to ¥44,482,379.56 in the previous year[9] - The total profit for Q1 2014 was 30,736,831.81 yuan, a decrease of 44.83% compared to the same period last year[20] - Basic earnings per share decreased by 42.22% to ¥0.026 from ¥0.045 year-on-year[9] Cash Flow - The net cash flow from operating activities was -¥119,745,306.97, a significant drop of 721.79% from -¥14,571,212.43 in the same period last year[9] - Net cash flow from operating activities decreased by 721.79% year-on-year, primarily due to reduced operating revenue and payments for real estate project construction[20] - Investment activities generated a net cash flow of 97,975,200.15 yuan, a significant increase of 115.33% compared to the previous year, due to reduced land and equity investment payments[21] - Cash and cash equivalents decreased by 21.47% compared to the beginning of the period, primarily due to the purchase of principal-protected financial products and payment for real estate project construction costs[18] - The cash and cash equivalents at the end of the period increased by 58.81% year-on-year, totaling 1,044,828,752.89 yuan[21] Assets and Shareholder Information - The total assets at the end of the reporting period were ¥3,213,343,769.39, a slight decrease of 0.06% from ¥3,215,392,009.86 at the end of the previous year[9] - The net assets attributable to shareholders increased by 0.93% to ¥2,763,439,434.60 from ¥2,738,048,625.67 at the end of the previous year[9] - The total number of shareholders at the end of the reporting period was 129,744[12] Operating Costs and Revenue Recognition - Operating revenue for Q1 2014 was 40,918,129.52 yuan, a decrease of 70.38% compared to the same period last year, mainly due to the recognition principle for real estate project pre-sale payments not being met[20] - Operating costs decreased by 71.03% year-on-year, reflecting the same reasons as the revenue decline[19] - Prepayments increased by 69.78% compared to the beginning of the period, mainly due to pre-sales of real estate projects[18] Non-Recurring Gains - The company reported non-recurring gains of ¥9,589,435.57, primarily from compensation for land recovery by the local government[10] Return on Equity - The weighted average return on equity was 0.92%, down 0.78% from 1.7% in the same period last year[9] Investments - The company completed investments of 7,682.73 million yuan in the Qionghai "Ruihai Water City Phase II" project during the reporting period[22]