Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,326,609,629, representing a decrease of 64.50% compared to the same period last year[2]. - Net profit attributable to shareholders for Q1 2022 was CNY 33,169,592, down 89.75% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 28,917,899, a decrease of 90.60% compared to the previous year[2]. - Basic and diluted earnings per share were both CNY 0.01, reflecting a decline of 88.89%[2]. - Total revenue for Q1 2022 was 2,326,609,629 RMB, a significant decrease from 6,554,010,341 RMB in Q1 2021, representing a decline of approximately 64.6%[17]. - Operating profit for Q1 2022 was 68,553,462 RMB, down from 453,933,700 RMB in Q1 2021, indicating a decrease of about 85.0%[19]. - Net profit attributable to shareholders for Q1 2022 was 33,169,592 RMB, compared to 323,457,029 RMB in Q1 2021, reflecting a decline of approximately 89.8%[20]. - Earnings per share for Q1 2022 were 0.01 RMB, down from 0.09 RMB in Q1 2021, a decrease of 88.9%[22]. - Other comprehensive income attributable to shareholders was 37,952,020 RMB in Q1 2022, compared to 317,107,842 RMB in Q1 2021, a decline of approximately 88.0%[22]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 115.25% to CNY 1,021,030,933[2]. - Cash flow from operating activities in Q1 2022 was 4,845,084,464 RMB, an increase from 3,873,353,195 RMB in Q1 2021, representing a growth of about 25.1%[24]. - Cash flow from operating activities for Q1 2022 was RMB 142,571,327, compared to RMB 131,383,950 in Q1 2021, showing an increase of 8.9%[42]. - The net increase in cash and cash equivalents at the end of Q1 2022 was 10,550,033,367 RMB, compared to 8,833,685,099 RMB at the end of Q1 2021[32]. - The company's cash and cash equivalents decreased by 2,409,418,419 RMB compared to the previous period[32]. - The ending balance of cash and cash equivalents was 6,842,114,375, up from 5,740,654,344 in the previous period[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 76,824,317,101, a decrease of 3.61% from the end of the previous year[2]. - Current assets totaled RMB 62.51 billion as of March 31, 2022, down from RMB 65.24 billion at the end of 2021[12]. - Total liabilities decreased to RMB 57.48 billion from RMB 60.40 billion[15]. - Long-term borrowings increased to RMB 17.40 billion from RMB 16.18 billion[15]. - Non-current assets totaled RMB 14.31 billion, down from RMB 14.47 billion[13]. - The company reported a total asset value of RMB 76.82 billion, a decrease from RMB 79.70 billion[13]. - Total liabilities as of March 31, 2022, were 34,346,901,773 RMB, down from 35,678,136,244 RMB at the end of 2021[36]. - The company reported a decrease in total liabilities, with total liabilities and equity amounting to RMB 45,662,494,282 as of March 31, 2022, down from RMB 46,932,833,503 at the end of 2021[37]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 148,002[6]. - The largest shareholder, Beijing Beichen Group, held 34.482% of the shares, totaling 1,161,000,031 shares[6]. - Total equity attributable to shareholders increased to 15,490,534,932 RMB from 15,457,365,339 RMB, a rise of about 0.2%[16]. - The total equity attributable to shareholders increased to RMB 11,315,592,509 as of March 31, 2022, up from RMB 11,254,697,259 at the end of 2021, reflecting a growth of 0.54%[37]. Sales and Revenue - The company achieved a sales area of 138,500 square meters, a year-on-year decrease of 1.56%, while equity sales area increased by 7.11% to 126,600 square meters[9]. - Sales revenue reached RMB 2.996 billion, representing a year-on-year increase of 14.70%, with equity sales revenue at RMB 2.694 billion, up 29.58%[9]. - Total operating income from property management reached RMB 97.14 million, with office buildings generating RMB 182.28 million and hotel operations contributing RMB 211.04 million[10]. - The company achieved a gross profit margin of approximately 45% in Q1 2022, compared to 45.1% in Q1 2021, indicating stable profitability[39]. Investment and Future Plans - The company plans to expand its market presence and invest in new technologies, although specific figures were not disclosed in the earnings call[38]. - Research and development expenses for Q1 2022 were RMB -4,217,426, a decrease from RMB -10,671,490 in Q1 2021, suggesting a focus on cost management[38]. - Investment activities generated a net cash flow of RMB 835,788,799 in Q1 2022, a significant improvement from a net outflow of RMB 1,742,089,650 in Q1 2021[43].

Financial Performance - For the year ended December 31, 2021, the company achieved operating revenue of RMB 22,094.3 million, representing a year-on-year increase of 22.77%[20] - The profit attributable to ordinary shareholders was RMB 197.1 million, a significant increase of 809.83% compared to the previous year[20] - The company’s pre-tax profit for the year was RMB 1,581.2 million, reflecting a year-on-year growth of 4.54%[20] - The earnings per share for the year was RMB 0.0585[20] - The company achieved a sales amount of RMB 16.739 billion, representing a year-on-year increase of 37.12%[36] - The company reported a total revenue of RMB 54,978 million, a decrease of 19.31% year-on-year[42] - The core operating performance after tax for the main business (excluding fair value changes) was RMB 29,772.3 million, up 22.77% year-on-year[64] - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the last fiscal year, representing a 15% year-over-year growth[111] - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion[111] Assets and Liabilities - The total assets as of December 31, 2021, were RMB 88,367.3 million, while total liabilities were RMB 62,561.2 million, resulting in total equity of RMB 25,806.1 million[15] - The total land reserve decreased by 17.00% year-on-year to 5.8572 million square meters, while the equity land reserve also fell by 17.20% to 5.1950 million square meters[36] - The company reported a distributable reserve of RMB 2,124,197,014 as of December 31, 2021, down from RMB 2,180,073,228 in 2020, indicating a decrease of approximately 2.6%[136] - The group’s bank and other borrowings amounted to RMB 21,739,821,000 as of December 31, 2021[169] - The company's total equity attributable to ordinary shareholders increased by 0.73% year-on-year to RMB 20,935,846,000 as of December 31, 2021[169] Investment and Development - The company operates a diversified property development system, with projects in 15 cities including Beijing, Guangzhou, and Wuhan, enhancing its national scale[24] - The total area of investment properties held and operated by the company exceeds 1.34 million square meters[24] - The company is actively expanding its land acquisition channels through partnerships to optimize its strategic layout amid high land costs[36] - The company plans to invest RMB 570 million in fixed assets in 2022, with funding sourced from its own capital[70] - The company anticipates a total construction area of 4.41 million square meters to be resumed or newly started in 2022[71] Market and Economic Conditions - The GDP growth rate for the year reached 8.1%, with a two-year average growth of 5.1%, indicating a stable economic environment[29] - The average selling price of commercial residential properties nationwide increased by 4.17% year-on-year, reaching RMB 10,396 per square meter[30] - The exhibition industry is experiencing a digital transformation, with companies adopting online and offline combined exhibition methods to mitigate pandemic impacts[32] - The overall market outlook remains cautious due to the current economic conditions, impacting future sales projections[42] Corporate Governance - The company has fully complied with the corporate governance code as per the Hong Kong Stock Exchange regulations[76] - The board of directors held a total of 37 meetings in 2021, with all executive directors attending every meeting[78] - The company emphasizes board diversity as a key element for maintaining competitive advantage and sustainable development[88] - The company has established a code of conduct and compliance manual for employees and directors[82] - The company is committed to high standards of corporate governance and has complied with all relevant codes during the reporting period[174] Strategic Initiatives - The company plans to accelerate innovation-driven development and enhance digital transformation in the exhibition industry, leveraging the establishment of the Capital Exhibition Group[22] - The company aims to create a new development pattern in the exhibition industry while promoting the coordinated development of hotels, office buildings, and apartments[22] - The company will focus on the "real estate + exhibition" dual-driven model to optimize project operation strategies and improve project profitability[68] - The company is committed to enhancing its talent pool to address the increased demand for professional and senior management personnel due to its expanding operations[75] Risk Management - The company has actively integrated resources and strengthened risk management to ensure steady business development amid external challenges[33] - The company will closely monitor macroeconomic policies and market trends to mitigate risks associated with the real estate sector[73] - The company has implemented internal controls for expenditure approval and monitoring, ensuring alignment with the overall budget[98] Social Responsibility - The company engaged in social responsibility initiatives, contributing RMB 788.767 million to poverty alleviation and supporting local industry development[63] - The company’s environmental policies and performance for the year are outlined in the management discussion and the independent ESG report[126]

Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 10,244,782,000, an increase of 205.93% compared to the same period last year[1] - Operating profit for the same period was RMB 1,453,586,000, up 148.81% year-on-year[1] - Profit attributable to ordinary shareholders was RMB 248,693,000, a significant increase of 7,827.73% compared to the previous year[1] - Earnings per share for the period was RMB 0.0739, compared to RMB 0.0009 in the same period last year[1] - The total comprehensive income for the six months ended June 30, 2021, was RMB 286,123,000, a significant increase from RMB 123,033,000 in the same period of 2020, representing a growth of 132.7%[6] - The net profit before tax for the six months ended June 30, 2021, was RMB 1,224,737,000, significantly higher than RMB 479,388,000 for the same period in 2020, marking an increase of 155.0%[30] - The group reported an adjusted profit before tax of RMB 797,196,000 for the six months ended June 30, 2021, compared to RMB 487,746,000 for the same period in 2020, marking an increase of approximately 63.4%[24] Assets and Liabilities - Total assets as of June 30, 2021, amounted to RMB 90,728,106,000, a decrease from RMB 94,929,518,000 as of December 31, 2020[2] - Total liabilities were RMB 64,951,023,000, down from RMB 68,835,886,000 at the end of the previous year[4] - The company reported a total equity of RMB 25,777,083,000 as of June 30, 2021, up from RMB 26,050,519,000 a year earlier[7] - The company’s total liabilities as of June 30, 2021, were RMB 49,398,448 thousand, compared to RMB 49,002,028 thousand as of December 31, 2020, indicating a slight increase in total liabilities[16] - The group’s total assets as of June 30, 2021, were RMB 73,555,980,000, down from RMB 78,012,722,000 as of December 31, 2020[25] - The group’s total liabilities as of June 30, 2021, were RMB 55,237,360,000, compared to RMB 59,547,129,000 as of December 31, 2020, indicating a decrease of approximately 7%[25] Cash Flow and Investments - The net cash generated from operating activities was RMB 2,861,444,000, a turnaround from a net cash outflow of RMB 1,553,851,000 in the same period last year[8] - The company incurred a net cash outflow from investing activities of RMB 533,693,000, contrasting with a net cash inflow of RMB 764,190,000 in the same period of 2020[8] - The financing activities resulted in a net cash outflow of RMB 1,949,438,000, compared to a net cash inflow of RMB 1,570,263,000 in the previous year[8] - Cash and cash equivalents as of June 30, 2021, were RMB 11,208,852,000, compared to RMB 10,830,539,000 at the end of 2020[2] Dividends and Shareholder Returns - The board of directors decided not to declare an interim dividend for the six months ended June 30, 2021[1] - The company paid dividends of RMB 44,970,000 to ordinary shareholders, down from RMB 224,850,000 in the same period last year[8] - The profit attributable to ordinary shareholders for the six months ended June 30, 2021, was RMB 248,693,000, compared to RMB 3,367,020,000 in the same period of 2020[66] Segment Performance - The development property segment generated revenue of RMB 9,393,733,000 for the six months ended June 30, 2021, compared to RMB 2,644,166,000 in the same period of 2020, indicating a growth of about 254%[22] - The total revenue from external customers for the exhibition and investment property segment (including hotels) was RMB 786,423,000 for the six months ended June 30, 2021, compared to RMB 660,396,000 in the same period of 2020, representing an increase of approximately 19%[24] Financial Management and Risk - The company’s financial risk management policies have not changed since the end of the previous year, maintaining a consistent approach to market, credit, and liquidity risks[14] - The company has not adopted any new accounting standards that are expected to have a significant impact on its financial statements for the reporting period[12] - The company has not recognized any liabilities related to financial guarantee contracts, as the management believes the likelihood of significant losses is low[70] Market and Economic Conditions - The overall economic recovery in China is reflected in a GDP growth rate of 12.7% in the first half of 2021, indicating a positive market environment for the company's operations[93] - The hotel industry has shown improvement alongside the recovery of tourism, with the office market in Beijing gradually warming up and vacancy rates decreasing[95] Strategic Initiatives and Future Outlook - The company aims to enhance its exhibition business by leveraging the establishment of the Capital Exhibition Group and integrating quality resources[120] - The company plans to invest RMB 770 million in fixed assets in the second half of 2021, funded by internal resources[122] - The company is committed to improving product competitiveness through standardized development and brand IP integration[119] - The company is focusing on differentiated marketing strategies based on project locations and market conditions to optimize sales performance[101]

港交所股票代號 : 0588 上交所股票代號 : 601588 WORLD FLOOR THE DESIGNATION 2020 年 度 報 告 ATHER THE FELECT FOR FOR FOR FOR FOR FOR FOR THE FOR FOR THE FOR 目錄 | --- | --- | |--------------------------------|-------| | | | | 公司簡介 | 2 | | 財務概要 | 4 | | 董事長報告 | 6 | | 管理層討論與分析 | 8 | | 企業管治報告 | 28 | | 董事、監事、高級管理人員簡歷 | 42 | | 董事會報告 | 46 | | 監事會報告 | 59 | | 獨立核數師報告 | 60 | | 合併財務報表 | 68 | | 補充資料 | 180 | | 董事會二零二零年度利潤分配方案 | 181 | | 公司資料 | 182 | 北京北辰實業股份有限公司 2 公司簡介 北京北辰實業股份有限公司（「公司」）或（「本公司」）於一九九七年年四月二日由北京北辰實業集團有限責任公 司獨家發起設立，同年五月在香港聯合交易所 ...

AEIJING NORTH STAR 港交所股票代號 : 0588 上交所股票代號 : 601588 BARANA AND AND AND 信自自自自自自自自自自 D G A A H A B A 71 中 期 報 告 A1 I 1 二零二零中期報告 二零二零中期報告 中期報告 截至二零二零年六月三十日止六個月期間 • 收入為人民幣3,348,745,000元，比去年同期下降60.83% • 本公司普通股股東應佔利潤為人民幣3,137,000元，比去年同期下降99.77%，其中本公司稅後主營業務的核心經營業 績（不含公允值變動損失）為人民幣125,116,000元，同比下降90.12%。本公司歸屬於所有者之應佔利潤（不含公允值變 動損失）為人民幣235,160,000元，同比下降82.61%。本期間投資物業公允值變動損失（稅後）為人民幣121,979,000元 • 營運利潤為人民幣584,223,000元，比去年同期下降81.02% • 每股收益為人民幣0.0009元，去年同期每股收益為人民幣0.3987元 • 董事會（「董事會」）決議不派發截至二零二零年六月三十日止六個月期間之中期股息（截至二零一九年六月三十 ...

Financial Performance - For the year ended December 31, 2019, the company achieved revenue of RMB 20,122.3 million, representing a year-on-year increase of 12.67%[21] - The profit before tax was RMB 4,681.4 million, up 21.28% compared to the previous year[21] - The profit attributable to ordinary shareholders was RMB 1,788.7 million, reflecting a growth of 27.45% year-on-year[21] - The company's profit before tax and profit attributable to ordinary shareholders were RMB 4,681.368 million and RMB 1,788.709 million, respectively[28] - The core operating performance after tax (excluding fair value changes) was RMB 1,674.967 million, reflecting a year-on-year growth of 26.96%[28] - Earnings per share increased to RMB 0.53, up 27.45% compared to the same period last year[28] - The company’s real estate development achieved revenue of RMB 1,735,247.1 million in 2019, a year-on-year increase of 14.66%, while the pre-tax profit decreased by 0.59% to RMB 268,207.1 million[29] - The total contracted sales amount reached RMB 19 billion, with a sales area of 1.26 million square meters during the reporting period[29] - The investment properties (including hotels) generated revenue of RMB 2,660.36 million in 2019, an increase of 1.19% year-on-year, while the pre-tax profit decreased by 6.91% to RMB 822.63 million[36] - The company reported a net profit attributable to ordinary shareholders for 2019 of RMB 2,095,459 thousand, compared to RMB 2,214,119 thousand in 2018, indicating a decrease of about 5.4%[195] Assets and Liabilities - The total assets as of December 31, 2019, amounted to RMB 102,438.8 million, an increase from RMB 99,910.7 million in 2018[18] - The total liabilities decreased to RMB 75,900.5 million from RMB 77,054.5 million in the previous year[18] - The company's total liabilities decreased to RMB 25,797,378 thousand in 2019 from RMB 26,941,711 thousand in 2018, indicating a reduction of about 4.2%[191] - The investment properties increased to RMB 15,025,176 thousand in 2019 from RMB 12,867,800 thousand in 2018, reflecting a growth of approximately 16.7%[191] - The balance of cash and bank deposits was RMB 1,175.741 million as of December 31, 2019, with no risk of default on issued bonds[163] - The company's equity attributable to ordinary shareholders increased to RMB 21,208,013 thousand in 2019 from RMB 19,616,212 thousand in 2018, reflecting a growth of about 8.1%[194] Market and Strategic Expansion - The company managed a total property area of over 1.27 million square meters, with 1.2 million square meters located in the Beijing Olympic core area[16] - The company has 45 ongoing, planned, and sold projects across 15 key cities in China, enhancing its market share[15] - The company is focusing on three strategic expansions: low-cost expansion, brand expansion, and capital expansion[22] - The company plans to focus on light asset operations and high-end service industry development to enhance core competitiveness[23] - The company aims to expand its market presence through new projects and strategic land acquisitions[35] - The company has entered 15 cities for real estate development, including Beijing, Wuhan, and Chengdu, establishing a foundation for nationwide scale development[65] Governance and Management - The board of directors held 34 meetings in 2019, ensuring active governance and oversight of the company's strategies and policies[68] - The company has adopted good governance practices and continuously improves its disclosure norms to enhance transparency for shareholders[67] - The company emphasizes board diversity as a key element for maintaining competitive advantage and promoting sustainable development[80] - The company has established a clear division of roles between the Chairman and the General Manager, with the Chairman overseeing the board's operations and ensuring effective communication with shareholders[71] - The company has a strong management team with extensive experience in real estate development and financial management[99][100][101][102][103][104][105][106] Community and Social Responsibility - The company donated RMB 950,000 to the Beijing Spring Seed Charity Foundation, contributing to social harmony and development[50] - The company achieved a significant milestone by helping 27 low-income households in Baihutou Village to escape poverty in 2019[50] - The company is committed to enhancing its asset-heavy business model while expanding its light-asset service model, aiming for comprehensive economic and social benefits[36] Risks and Challenges - The company faces risks related to policy changes in the real estate sector, which could affect land acquisition and project financing[60] - The company is addressing potential talent shortages by enhancing internal training and recruitment efforts[63] - The company aims to maintain low-cost expansion strategies while improving cash turnover rates to mitigate market risks[62] Future Outlook - The company plans to achieve a new construction area of 1.08 million square meters and a sales target of 1.26 million square meters in 2020, with a contract amount of RMB 23 billion[58] - The company anticipates a fixed asset investment of RMB 730 million in 2020, funded by its own capital[57] - The company aims to enhance its operational capabilities in investment properties while innovating business development models to cultivate new growth points[58] - The company will focus on key regions such as Beijing-Tianjin-Hebei and the Yangtze River Delta for land acquisition and project development[54]

TSAN AEJING NORTH STAR 港交所股票代號 : 0588 上交所股票代號 : 601588 . ca 国家会议中心 10 2019 中期報告 1 二零一九中期報告 中期報告 截至二零一九年六月三十日止六個月期間 • 收入為人民幣8,548,956,000元，比去年同期上升56.39% • 營運利潤為人民幣3,077,737,000元，比去年同期上升88.12% • 本公司普通股股東應佔利潤為人民幣1,342,333,000元，比去年同期上升76.85%，其中稅後主營業務核心經營業績（不 含公平值變化收益）為人民幣1,265,997,000元，同比上升79.13%，投資物業公允值變動稅後收益為人民幣76,336,000 元 • 每股收益為人民幣0.3987元，去年同期每股收益為人民幣0.2254元 • 董事會（「董事會」）決議不派發截至二零一九年六月三十日止六個月期間之中期股息（截至二零一八年六月三十日止六個 月期間：無） 北京北辰實業股份有限公司 2 中期簡明合併資產負債表 | --- | --- | --- | --- | |-------------------------------- ...

Financial Performance - For the year ended December 31, 2018, the company achieved a revenue of RMB 17,859.79 million, representing a year-on-year increase of 16.71%[14] - The profit before tax for the same period was RMB 3,860.02 million, up 29.55% compared to the previous year[6] - The net profit attributable to ordinary shareholders was RMB 1,403.43 million, reflecting a slight increase of 0.98% year-on-year[14] - The earnings per share for the year was RMB 0.42[14] - In 2018, the company's operating revenue and profit achieved historic breakthroughs, driven by strategies of low-cost expansion, brand expansion, and capital expansion[15] - The company achieved operating revenue of RMB 1,785,979.0 million, a year-on-year increase of 16.71%[26] - The pre-tax profit reached RMB 386,001.8 million, reflecting a year-on-year growth of 29.55%[26] - The revenue from development properties amounted to RMB 1,513,349.8 million, up 20.18% year-on-year[27] - The pre-tax profit from development properties was RMB 269,794.7 million, marking a significant increase of 50.42% year-on-year[27] - The total contracted sales amount for the year was RMB 282 billion, with notable projects achieving high sales figures[28] - The company reported a significant increase in cash and cash equivalents, which rose to RMB 11,851,788 thousand in 2018 from RMB 9,846,708 thousand in 2017, a growth of about 20.3%[192] - The company’s retained earnings increased to RMB 11,747,590 thousand in 2018, up from RMB 10,590,512 thousand in 2017, representing a growth of approximately 10.9%[193] - Total revenue for the year ended December 31, 2018, was RMB 17,859,790 thousand, an increase from RMB 15,303,224 thousand in 2017, representing a growth of approximately 16.7%[195] - Gross profit for 2018 was RMB 5,483,904 thousand, compared to RMB 4,633,365 thousand in 2017, reflecting a gross margin improvement[195] Assets and Liabilities - The total assets of the company as of December 31, 2018, amounted to RMB 99,910.67 million, an increase from RMB 87,701.65 million in 2017[7] - The total liabilities increased to RMB 77,054.48 million in 2018 from RMB 68,548.41 million in 2017[7] - The company’s total current assets were RMB 82,976.77 million, while current liabilities were RMB 50,112.77 million[167] - The company’s long-term borrowings decreased to RMB 19,768,944 thousand in 2018 from RMB 25,889,695 thousand in 2017, a decline of about 23.6%[192] - The company’s total equity increased to RMB 22,856,185 thousand in 2018, compared to RMB 19,153,235 thousand in 2017, reflecting a growth of approximately 19.5%[193] Market Position and Strategy - The company has 45 ongoing and for-sale projects across 14 key cities in China, enhancing its market share and development scale[3] - The company aims to strengthen its core business in property development while expanding into new markets and enhancing resource integration[5] - The company plans to accelerate strategic expansion in 2019, focusing on integrating property development with exhibition, health care, and cultural creativity sectors[18] - The company aims to enhance its brand image and market position through the establishment of three sub-brands in the exhibition industry, focusing on high-end government services, venue management, and industry research[15] - The company is committed to creating property value and establishing a leading composite real estate brand in the country[19] - The company is focusing on the integration of real estate with health care, cultural creativity, and other sectors to create a diversified development model[61] Governance and Management - The board of directors consists of nine members, including the chairman, five executive directors, and three independent non-executive directors, ensuring strong governance and oversight[71] - The company is committed to maintaining high standards of corporate governance and transparency towards shareholders[70] - The company has adopted good governance practices and procedures to maintain effective communication with shareholders[75] - The company emphasizes board diversity, considering factors such as gender, age, culture, and professional experience in its nomination policy[84] - The company has established a system for managing insider information to ensure compliance with disclosure obligations[96] - The company’s internal audit department is responsible for regular audits and reports to the Board of Directors[93] Sustainability and Social Responsibility - The company reduced nitrogen oxide and sulfur dioxide emissions by 10% and 59% respectively compared to the previous year, promoting green development[55] - The company is committed to social responsibility, having donated to the Spring Sprout Foundation for six consecutive years to support underprivileged children[55] - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by 40% by 2025[104] Future Outlook - The company plans to enhance its financing channels through asset securitization and perpetual medium-term notes to manage debt levels effectively[62] - The company aims to sell 1.6 million square meters in 2019, with a signed contract amount (including parking spaces) of RMB 25.3 billion[63] - In 2019, the company plans to achieve a new construction area of 1.96 million square meters, a resumption area of 8.88 million square meters, and a completion area of 2.46 million square meters[63] - The company will invest RMB 200 million in fixed assets in 2019, with funding sourced from self-owned capital[62]