YMRD(SH:600239)2019-05-06 16:00Financial Performance - Revenue for the reporting period was ¥869.90 million, a significant decrease of 62.69% from ¥2.33 billion in the previous year[6]. - Net profit attributable to shareholders was -¥375.33 million, a decline of 652.46% compared to -¥49.88 million in the same period last year[6]. - Basic earnings per share were -¥0.24, a decrease of 700.00% from -¥0.03 in the previous year[6]. - The company reported an operating loss of ¥515,858,796.08 for Q1 2019, compared to an operating loss of ¥41,283,031.50 in Q1 2018[30]. - Net profit for Q1 2019 was a loss of ¥418,398,872.74, compared to a loss of ¥55,344,188.48 in Q1 2018, indicating a significant increase in losses[30]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥85.30 billion, an increase of 0.51% compared to the end of the previous year[6]. - Total liabilities reached CNY 76.72 billion, compared to CNY 75.85 billion, representing an increase of about 1.1%[23]. - Current assets totaled CNY 56.16 billion, up from CNY 55.55 billion, indicating a growth of about 1.1%[22]. - The company's cash and cash equivalents decreased to CNY 2.18 billion from CNY 2.67 billion, a decline of approximately 18.5%[21]. - Short-term borrowings increased significantly by 292.86%, amounting to RMB 1,100,000,000.00, up from RMB 280,000,000.00[12]. Shareholder Information - The total number of shareholders at the end of the reporting period was 50,259[11]. - The largest shareholder, Yunnan Urban Construction Investment Group Co., Ltd., held 34.87% of the shares[11]. - The total equity attributable to shareholders decreased to CNY 5.27 billion from CNY 5.65 billion, a decline of about 6.7%[23]. Cash Flow - Operating cash flow net amount improved by 60.07%, reaching -¥762.20 million compared to -¥1.91 billion in the same period last year[6]. - Cash inflow from financing activities in Q1 2019 was CNY 2,149,436,700.00, down from CNY 5,864,988,538.09 in Q1 2018, a decrease of 63.48%[38]. - Cash flow from operating activities for Q1 2019 was negative CNY 762,202,671.92, an improvement from negative CNY 1,908,996,788.19 in Q1 2018[37]. Inventory and Sales - The company reported a 3.49% increase in inventory, totaling RMB 49,031,279,484.55, compared to RMB 47,378,384,381.46 in the previous period[12]. - The total signed area for property sales in Q1 2019 was 30,311 square meters, down 83% year-on-year, with a total signed amount of RMB 48,788,000.00, a decrease of 77%[15]. - The total area completed in Q1 2019 was 60,261.70 square meters, showing a significant decline of 79.93% compared to the same period last year[14]. Investments and Acquisitions - The company acquired 20% equity in Chengdu Minsheng Xishen Investment Co., Ltd. for RMB 2,000,000, now holding 100% ownership[17]. - The company plans to establish a joint venture in Xishuangbanna with a cash investment of RMB 120,000,000, holding 60% equity[18]. - The company is applying for commercial real estate mortgage-backed securities using its Haikou Marriott Hotel as the underlying asset[19]. Financial Standards and Changes - The company executed a reclassification of financial assets under new financial standards, impacting the classification of available-for-sale financial assets[44]. - The company adopted new financial instrument standards effective January 1, 2019, impacting the classification of financial assets[49]. - The company has implemented a new expected loss model for accounts receivable impairment provisions under the new financial standards[49].