天保基建(000965) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥113,308,052.17, a decrease of 59.04% compared to ¥276,661,118.99 in the same period last year[9] - Net profit attributable to shareholders was ¥22,612,811.05, down 40.34% from ¥37,903,409.05 year-on-year[9] - Basic and diluted earnings per share were both ¥0.03, representing a 40% decrease from ¥0.05 in the same period last year[9] - Net profit attributable to the parent company decreased by 40.34% to 22,612,811.05 from 37,903,409.05, impacted by reduced operating profit[19] Cash Flow and Assets - The net cash flow from operating activities was -¥111,783,932.05, an improvement of 51.66% compared to -¥231,267,952.90 in the previous year[9] - Total assets at the end of the reporting period were ¥5,263,454,964.05, a slight decrease of 0.53% from ¥5,291,349,995.53 at the end of the previous year[9] - The net assets attributable to shareholders increased by 0.28% to ¥2,612,380,408.57 from ¥2,604,999,015.44 at the end of the previous year[9] - Accounts receivable decreased by 41.31% to 1,128,413.98 from 1,922,603.46 due to increased collections during the reporting period[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,185[14] - Tianjin Tianbao Holdings Co., Ltd. held 74.98% of the shares, making it the largest shareholder[14] Business Operations - Main business revenue fell by 59.04% to 113,308,052.17 from 276,661,118.99 as some properties did not meet revenue recognition criteria[19] - Main business cost decreased by 65.01% to 68,055,255.57 from 194,493,747.86 due to reduced project cost recognition[19] - The company has successfully met revenue recognition conditions for some of its developed projects, leading to significant increases in sales revenue and net profit[28] Future Projections - The company expects a cumulative net profit for the first half of 2014 to be between 12,500,000 and 16,000,000 CNY, representing an increase of 52.76% to 95.53% compared to the same period last year[28] - Basic earnings per share are projected to be between 0.18 and 0.23 CNY, indicating a growth of 50% to 91.67% year-on-year[28] Corporate Actions - The company received unconditional approval for a non-public offering of up to 347,533,600 shares at a minimum price of 4.46 yuan per share[20] - The company has adjusted the issuance price for its non-public offering of A-shares to no less than 4.46 CNY per share, with a maximum issuance of 347,533,600 shares[25] - The company has received approval from the China Securities Regulatory Commission for the non-public issuance of up to 347,533,600 new shares[25] - The company plans to transfer 100% equity of its subsidiary Tianjin Tiancai Real Estate Development Co., Ltd., with an adjusted starting price of 71,310,000 CNY[25] - The company successfully transferred 100% equity of Tianjin Tencai Real Estate Development Co., Ltd. for 71.31 million yuan, completing the transaction by March 31, 2014[22] - The company provided a guarantee for a 200 million yuan loan to its subsidiary for the construction of a residential project[23] - The company has approved a loan of 200,000,000 CNY from Bohai Bank for the construction of its residential project in the Tianjin Airport Economic Zone[25] Bidding and Investments - The company is participating in a bidding process for land use rights in the Tianjin Airport Economic Zone after the original contract was terminated[23] - The company is participating in a bidding process for land use rights that were reclaimed by the Tianjin Airport Economic Zone Land Bureau[25] Other Information - There were no non-recurring gains or losses reported during the period[10] - The company has not held any equity in other listed companies during the reporting period[29] - There were no derivative investments during the reporting period[30]