BUCID(SH:600266)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -694.23 million, a decrease of 157.97% compared to CNY 1.20 billion in the same period last year[10] - Operating revenue for the first quarter was CNY 741.74 million, down 53.90% from CNY 1.61 billion year-on-year[10] - Basic earnings per share were CNY -0.40, a decline of 165.57% from CNY 0.61 in the same period last year[10] - The company reported a sales revenue of CNY 897 million, compared to CNY 2.29 billion in the same period last year[16] - The company reported a net profit of -713,690,210.60 RMB for the current period, compared to a net profit of 1,190,335,492.24 RMB in the same period last year, indicating a significant decline[39] - The company experienced an operating loss of -615,004,212.61 RMB, compared to an operating profit of 1,841,554,448.32 RMB in the same quarter last year[41] - The total profit for the current period was -615,004,212.47 RMB, a stark contrast to the profit of 1,841,554,448.32 RMB from the previous year[41] - The company reported a comprehensive income total of -602,048,455.61 RMB, compared to 1,190,335,492.24 RMB in the previous year[39] Cash Flow - The net cash flow from operating activities was CNY -1.12 billion, an improvement from CNY -1.94 billion in the previous year[10] - The cash inflow from operating activities was 3,615,906,687.51 RMB, down from 4,368,692,263.89 RMB in the previous year[43] - The net cash flow from operating activities was -1,118,804,369.17, a decrease from -1,942,414,587.00 in the previous year, indicating a 42.3% improvement[46] - Total cash outflows from operating activities were 4,734,711,056.68, a decrease of 25.0% from 6,311,106,850.89[46] - Cash inflow from investment activities totaled 135,665,268.37, down from 189,177,516.06, reflecting a decline of 28.3%[46] - The cash flow from investment activities showed a net inflow of 68,381,339.04, down 52.1% from 142,034,529.41 in the previous year[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 122.67 billion, a 0.12% increase from the end of the previous year[10] - The company's total assets reached CNY 122,671,571,053.12 as of March 31, 2020, compared to CNY 122,518,954,039.20 at the end of 2019[22] - Current liabilities totaled CNY 42,300,761,821.38, a slight decrease from CNY 42,581,104,077.59 at the end of 2019[29] - Long-term borrowings increased to CNY 32,598,270,375.05 from CNY 30,863,488,159.52 at the end of 2019[29] - Total liabilities were ¥23,100,457,105.59, down from ¥23,962,751,099.83, indicating a reduction of 3.6%[33] - The total liabilities stood at approximately ¥94.54 billion, reflecting a minor decrease of ¥24.91 million[56] Shareholder Information - The company had a total of 64,818 shareholders at the end of the reporting period[13] - The company's total equity attributable to shareholders decreased to CNY 24,936,445,570.98 from CNY 25,469,400,339.37 at the end of 2019[29] - Shareholders' equity totaled approximately ¥27.98 billion, showing a decrease of ¥74.72 million compared to the previous period[56] Financial Expenses - Financial expenses increased by 620.89% year-on-year, mainly due to the capitalization of interest expenses related to project completion[17] - The company reported a financial expense of ¥405,632,614.49, which increased from ¥56,268,676.73 in Q1 2019[35] - The interest expense component of financial costs was ¥392,535,079.77, compared to ¥32,867,805.39 in the same quarter last year, showing a substantial increase[35] Operational Metrics - The company had no new land reserves in the first quarter, with a construction area of 6.17 million square meters, up from 3.79 million square meters year-on-year[16] - The sales area for the first quarter was 26,100 square meters, down from 80,000 square meters in the same period last year[16] - The company's operating revenue decreased by 53.90% year-on-year, while operating costs decreased by 65.59%, primarily due to reduced revenue recognition impacted by the pandemic[17]