CFLD(SH:600340)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders was approximately -¥3.68 billion, a decrease of 227.50% year-on-year[11]. - Operating revenue for the period was approximately ¥7.95 billion, down 59.27% from ¥19.52 billion in the same period last year[11]. - Basic and diluted earnings per share were both -¥1.08, compared to ¥0.95 in the same period last year, a decrease of 213.68%[11]. - The company reported a significant increase in other receivables, rising to ¥24.09 billion from ¥21.33 billion, an increase of 12.93%[40]. - The company reported a net loss of approximately ¥3.74 billion for the current period, compared to a net profit of approximately ¥3.08 billion in the same period last year, representing a significant decline[59]. - The total comprehensive loss amounted to approximately ¥3.86 billion, contrasting with a total comprehensive income of approximately ¥2.71 billion in the previous year[59]. Cash Flow and Liquidity - The net cash flow from operating activities was approximately -¥2.57 billion, an improvement from -¥12.51 billion in the previous year[11]. - The company's cash and cash equivalents decreased by 37.28% to ¥16,931,206,152.78 from ¥26,993,157,680.62, primarily due to reduced cash generated from financing activities[21]. - The company reported a net cash flow from operating activities of CNY -2,565,929,233.02, improving from CNY -12,511,801,286.99[66]. - The ending balance of cash and cash equivalents was CNY 16,175,511,225.76, down from CNY 44,617,035,177.16[68]. - The company reported a net increase in cash and cash equivalents of CNY -9,286,426,123.05, compared to an increase of CNY 3,472,852,442.87[68]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥482.72 billion, a decrease of 1.24% compared to the end of the previous year[11]. - Total liabilities as of March 31, 2021, were ¥395.15 billion, slightly down from ¥397.33 billion, a decrease of 0.55%[44]. - The company's total equity decreased to ¥87.56 billion from ¥91.43 billion, a decline of 4.19%[44]. - Total current liabilities were CNY 285.59 billion, a minor decrease from CNY 285.77 billion[77]. - Total liabilities reached CNY 397.33 billion, down from CNY 397.86 billion[79]. Shareholder Information - The total number of shareholders at the end of the reporting period was 944,229, with the largest shareholder holding 24.13% of the shares[17]. - Shareholders' equity totaled CNY 91.43 billion, unchanged from previous reports[79]. Operational Focus and Strategy - The company is focusing on improving cash flow and reducing losses in the upcoming quarters[11]. - The company is developing a comprehensive risk resolution plan under the guidance and support of local governments to address debt risks and ensure orderly operations[34]. - The company is exploring various methods to resolve its current financial challenges, including discussions with creditors and financial institutions[34]. - The company is prioritizing the protection of creditors' legal rights while working on its debt resolution strategies[34]. Government Support - The company reported a government subsidy of approximately ¥25.12 million related to normal business operations[14]. - The company’s other income increased by 80.24% to ¥25,124,553.88 from ¥13,939,159.27, mainly due to increased government subsidies[24]. Investment and Development - The area of land held for development in the Gu'an region is 580,262.40 square meters, with a planned construction area of 1,259,730.91 square meters[26]. - The company has a 50% equity stake in a cooperative development project involving 168,432.69 square meters of land[26]. - The company’s investment cash outflow was 100% lower compared to the previous period, indicating no new investments were made[27].