Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 7,268,886,000, an increase of 6.3% compared to RMB 6,840,511,000 for the same period in 2022[2] - Operating profit for the first half of 2023 was RMB 755,275,000, significantly up from RMB 108,959,000 in the first half of 2022[2] - Net profit attributable to ordinary shareholders for the six months ended June 30, 2023, was RMB 132,966,000, compared to a loss of RMB 532,913,000 in the same period of 2022[2] - Earnings per share attributable to ordinary shareholders for the first half of 2023 was RMB 3.95, a recovery from a loss of RMB 15.83 in the same period of 2022[2] - The company reported a pre-tax profit of RMB 379,984 thousand for the first half of 2023, compared to a loss of RMB 254,842 thousand in the same period of 2022[43] - The total comprehensive income for the period was RMB 93,685,000, compared to a loss of RMB 464,459,000 in the previous year[87] - The company reported a pre-tax profit of RMB 37,998.4 million and a profit attributable to ordinary shareholders of RMB 13,296.6 million, marking a turnaround from losses[59] - The core operating performance after tax from the main business (excluding fair value changes) was RMB 10,970.0 million[59] Assets and Liabilities - Total liabilities as of June 30, 2023, were RMB 50,881,550,000, a decrease from RMB 53,528,643,000 as of December 31, 2022[5] - Total assets as of June 30, 2023, were RMB 73,547,092,000, compared to RMB 75,112,436,000 as of December 31, 2022[5] - The company’s total assets, as of June 30, 2023, amounted to RMB 19,545,916 thousand, showing a slight increase from RMB 19,412,950 thousand as of December 31, 2022[52] - The company’s total liabilities decreased to RMB 5,106,975 thousand from RMB 6,676,748 thousand in the previous year[140] - Total liabilities as of June 30, 2023, decreased to RMB 50,881,550 thousand from RMB 53,528,643 thousand as of December 31, 2022, representing a reduction of approximately 5.3%[154] Real Estate Development - The real estate development segment generated revenue of RMB 5,879,608,000 for the first half of 2023[12] - Revenue from the real estate development segment for the first half of 2023 was RMB 3,337,261 thousand, a decrease of 25.5% compared to RMB 4,478,208 thousand in the same period of 2022[42] - The company has expanded its real estate development business across 15 core cities, including Beijing-Tianjin-Hebei and the Guangdong-Hong Kong-Macao Greater Bay Area, forming a nationwide scale development layout[32] - The company realized contract sales amounting to RMB 39.11 billion (including parking spaces) and a sales area of 261,000 square meters during the reporting period[60] - The company has a total land area of 180,200 square meters in Changsha and 134,800 square meters in Wuhan, with planned construction areas of 3,820,000 square meters and 337,000 square meters respectively[171] Investment Properties - The company reported rental income from investment properties of RMB 706,707,000 for the first half of 2023, up from RMB 637,839,000 in the same period of 2022[12] - The fair value gain from investment properties was RMB 26,612 thousand in the first half of 2023, recovering from a loss of RMB 136,108 thousand in the same period of 2022[46] - The fair value change income from investment properties (after tax) was RMB 2,326.6 million[59] - The company has a 100% equity interest in all listed properties, ensuring full control over rental income[196] Financing and Costs - The total financing costs for the company decreased to RMB 168,348 thousand in the first half of 2023 from RMB 298,638 thousand in the same period of 2022[43] - The company reported a net financing cost of RMB 387,441 thousand for the six months ended June 30, 2023, compared to RMB 361,338 thousand for the same period in 2022, indicating an increase of about 7.2%[156] - The company has established long-term strategic partnerships with multiple banks and financial institutions, enhancing its financing advantages and risk management capabilities[168] - The company is actively expanding its diversified financing channels to optimize its overall debt structure and enhance its risk resistance capabilities[168] Operational Highlights - In the first half of the year, the company completed the delivery of over 1,200 units across 5 projects, ensuring timely project completion and cash flow[39] - The company achieved a new construction area of 236,400 square meters and a completion area of 676,600 square meters during the reporting period[148] - The company has successfully organized and executed 10 exhibition projects, including the 2023 China Refrigeration Exhibition and the 2023 Road Transport Vehicle Exhibition[190] - The company is in the substantive stage of signing contracts for major upcoming events, including the 2023 World Geothermal Congress and the 2025 World Gas Conference[190] Employee and Corporate Governance - The total number of employees as of June 30, 2023, was 5,257, with employee compensation linked to performance and profitability[179] - The company does not provide employee dormitories[180] - The mid-term report for 2023 will be published on the designated website of the Hong Kong Stock Exchange and the company's website[181]

Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,185,000,121, representing an increase of 79.88% compared to Q1 2022[12] - The net profit attributable to shareholders of the listed company was CNY 32,669,170, a decrease of 84.05% year-on-year[12] - The basic and diluted earnings per share for Q1 2023 were both CNY 0.01[12] - Total operating revenue for Q1 2023 reached RMB 4,185,000,121, a significant increase from RMB 2,326,609,629 in Q1 2022, representing an increase of approximately 79.8%[62] - Net profit attributable to the parent company for Q1 2023 was RMB 32,669,170, compared to RMB 32,052,424 in Q1 2022, showing a growth of about 1.9%[65] - The company reported a total profit of CNY 70,161,278 for Q1 2023, up from CNY 65,580,050 in Q1 2022, marking an increase of approximately 8.1%[73] - In Q1 2023, the company reported a total profit of 68,554,412, a decrease of 13.4% compared to 79,532,335 in Q1 2022[107] - The net profit for Q1 2023 was 51,028,819, down 16.3% from 60,895,252 in Q1 2022[107] Cash Flow - The net cash flow generated from operating activities was CNY 850,017,542, down 17.18% from the previous year[12] - Operating cash flow for Q1 2023 was CNY 850,017,542, down from CNY 1,026,366,659 in Q1 2022, representing a decrease of approximately 17.2%[70] - Cash outflows from operating activities totaled CNY 3,295,314,423, compared to CNY 3,833,192,451 in the previous year, indicating a reduction of about 14%[70] - Cash inflow from financing activities in Q1 2023 was 4,618,720,358, significantly up from 1,246,382,493 in Q1 2022, marking an increase of 270.5%[doc id='89'] - The company received cash from other financing activities amounting to 881,180,000 in Q1 2023, compared to 440,800,000 in Q1 2022, representing an increase of 99.8%[doc id='89'] Assets and Liabilities - The total assets at the end of the reporting period were CNY 67,991,231,375, an increase of 1.06% from the end of the previous year[13] - The total current liabilities amount to RMB 62.66 billion, with short-term borrowings at RMB 6.265 billion and accounts payable at RMB 6.681 billion[32] - The company reported a total asset value of RMB 55.295 billion, slightly down from RMB 54.451 billion in the previous period[31] - Total liabilities increased to RMB 51,983,380,506 as of March 31, 2023, compared to RMB 51,320,516,040 at the end of 2022, reflecting a rise of approximately 1.3%[46] - The total non-current liabilities increased to RMB 22,946,093,114 as of March 31, 2023, from RMB 19,963,695,312 at the end of 2022, marking an increase of about 15.0%[46] - The company's total liabilities are RMB 28.236 billion, reflecting a stable financial position[33] Sales and Operations - The company achieved a sales area of 159,900 square meters, an increase of 15.45% year-on-year, while the sales amount was RMB 2.279 billion, a decrease of 23.93% year-on-year[28] - The completion area was 224,500 square meters, up 102.98% year-on-year, with equity completion area at 187,700 square meters, an increase of 236.98% year-on-year[28] - The pending turnover area at the end of the reporting period was 652,000 square meters, a decrease of 36.67% year-on-year[28] - The company’s equity sales amount was RMB 1.981 billion, a decrease of 26.47% year-on-year[28] Investment Activities - The net cash flow from investment activities was CNY 79,183,856, a recovery from a negative cash flow of CNY 26,088,580 in Q1 2022[79] - Cash received from investment activities in Q1 2023 was CNY 14,700,000, compared to CNY 7,500,000 in Q1 2022, reflecting an increase of 96.7%[71] - The total cash inflow from investment activities in Q1 2023 was 5,884,434,149, slightly up from 5,878,960,261 in Q1 2022[140] - The total cash outflow from investment activities in Q1 2023 was 4,711,163,922, down 6.6% from 5,043,171,462 in Q1 2022[140] Future Outlook - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[136] - The financial outlook for the remainder of 2023 indicates a cautious approach due to market conditions and previous performance trends[136]

Investment Properties and Valuation - The fair value of investment properties as of December 31, 2022, was RMB 12,387 million, a decrease from RMB 12,810 million in 2021[20]. - The estimated market rent for investment properties ranges from RMB 0.28 to RMB 25.00 per square meter per day, indicating that higher market rents correlate with higher fair values[14]. - The discount rate applied to the valuation of investment properties is between 6.01% and 12.5%, with higher discount rates leading to lower fair values[19]. - The average price for Apartment A is estimated between RMB 421 and RMB 477 per day, with higher average prices resulting in increased fair values[14]. - The projected annual rent for other investment properties is approximately RMB 16 million, with higher annual rents positively impacting fair values[19]. - The capitalization rate for office buildings and shopping malls is estimated at 9.0%, with adjustments made for renewal risks and vacancy rates[14]. - The weighted average discount rate for the valuation of the conference center is between 11.0% and 12.0%, affecting its fair value[14]. - The company has utilized significant unobservable inputs in its fair value measurements, reflecting the inherent risks and uncertainties in the real estate market[17]. - The fair value assessment of completed investment properties utilized the income capitalization method, with key assumptions including yield rate adjustments and market rent[100]. - The fair value of completed conference centers and apartments was assessed using discounted cash flow forecasts, considering expected rental levels and discount rates[100]. Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 12,988,940 thousand, a decrease from RMB 22,182,854 thousand in 2021, representing a decline of approximately 41.1%[158]. - The net loss attributable to ordinary shareholders for the year was RMB (1,471,352) thousand, compared to a profit of RMB 207,374 thousand in the previous year, indicating a significant downturn[158]. - The total comprehensive loss for the year was RMB (1,519,339) thousand, compared to a comprehensive income of RMB 247,978 thousand in the previous year[159]. - The operating profit for the year was RMB 40,547 thousand, a significant decrease from RMB 1,911,804 thousand in the previous year[158]. - The company reported a gross profit of RMB 1,706,146 thousand for the year, down from RMB 3,638,182 thousand in 2021, indicating a decline of approximately 53.1%[158]. Assets and Liabilities - Total assets decreased to RMB 76,112,736 thousand in 2022 from RMB 88,479,352 thousand in 2021, reflecting a reduction of about 13.9%[151]. - Total liabilities decreased to RMB 53,528,643 thousand in 2022 from RMB 62,610,819 thousand in 2021, a decline of approximately 14.5%[151]. - The company's total liabilities as of December 31, 2022, were RMB 22,977,693,000, reflecting a decrease from RMB 30,057,808,000 in 2021[125]. - The group's total bank and other borrowings as of December 31, 2022, were RMB 1,725,973.3 million, with a debt-to-asset ratio of 70% compared to 71% a year earlier[56]. - The total amount of loans from other parties increased to RMB 4,618,126, compared to RMB 5,388,993 in the previous year[181]. Cash Flow and Liquidity - Cash and cash equivalents were reported at RMB 8,388,151 thousand, down from RMB 12,960,953 thousand in the previous year[115]. - The net cash generated from operating activities for the year ended December 31, 2022, was RMB 2,295,544,000, a decrease from RMB 5,057,775,000 in the previous year[199]. - The net cash flow used in investing activities for the year ended December 31, 2022, was RMB 225,977,000, compared to RMB 2,080,342,000 in the previous year[199]. - The company reported a net cash flow used in financing activities of RMB (6,642,368) thousand, compared to RMB (848,585) thousand in the previous year[200]. - The net decrease in cash and cash equivalents for the year was RMB (4,572,802) thousand, with the beginning balance at RMB 12,960,953 thousand[200]. Shareholder and Equity Information - As of December 31, 2022, the equity attributable to ordinary shareholders decreased by 7.50% year-on-year, amounting to RMB 1,941,295.0 million[55]. - The company has a total of 3,367,020,000 shares issued and fully paid, unchanged from the previous year[169]. - The total equity amounted to RMB 25,868,533,000, with retained earnings of RMB 12,637,542,000[197]. - The top shareholder, Beijing Beichen Industrial Group Co., Ltd., held 1,161,000,031 A shares, representing 34.482% of the total shares[38]. - HKSCC Nominees Limited held 689,470,199 H shares, accounting for 20.477% of the total shares[38]. Impairment and Provisions - The company recognized an inventory impairment provision of RMB 905 million due to the market conditions and project-specific factors affecting the realizable net value of real estate projects[58]. - The cumulative impairment for the year was RMB 1,737,033,000, compared to RMB 1,141,037,000 in the previous year, reflecting an increase of approximately 52.3%[130]. - The company reported a bad debt provision of RMB 198,880,000 for accounts receivable and other receivables as of December 31, 2022[119]. - The impairment provision for hotel properties remained constant at RMB 78,961,000 for both 2021 and 2022[25]. Subsidiaries and Investments - The company holds a 99.05% equity interest in Beijing Beichen Real Estate Development Co., Ltd. as of 2022[27]. - The group holds 100% equity in Chengdu Beichen Real Estate Co., Ltd. and 51% in Wuhan Beichen Chenzhi Real Estate Development Co., Ltd.[64]. - The total net assets of non-PwC audited subsidiaries accounted for approximately 4.21% of the group's total net assets[33]. - The Group's investment in Beijing Chenxuan Property Co., Ltd. decreased from 50% to 34%, resulting in a reclassification from a joint venture to an associate[79]. - The total carrying amount of insignificant joint ventures was RMB 306,483 thousand as of December 31, 2022, down from RMB 542,125 thousand in 2021[84]. Employee and Compensation Information - The total number of employees as of December 31, 2022, was 5,387, with a compensation policy linked to the company's economic performance[41]. - The company paid RMB 10,000 for trademark and logo licensing fees, which constituted 0.02% of the company's leasing expenses[43]. - The rental fee for office space in 2022 was RMB 900,000, making up 1.83% of the company's leasing expenses[44]. Tax and Regulatory Information - The corporate income tax rate applicable to the company and its subsidiaries is 25% on taxable income[54]. - The company reported a total tax liability of RMB 1,773,757, down 17.4% from RMB 2,147,373 in the previous year[185].

Land Reserves and Construction - The company reported a total land reserve of 4.979 million square meters, a year-on-year decrease of 15.00%[5] - The equity land reserve stood at 4.436 million square meters, down 14.67% year-on-year, with no new real estate reserves added[5] - New construction area increased by 10.73% year-on-year to 507,700 square meters, while the area of completed projects decreased by 19.81% to 1.4376 million square meters[5] - The area awaiting transfer at the end of the reporting period was 740,400 square meters, down 25.23% year-on-year[5] - The total area available for sale reached 60,507 square meters, showing a robust inventory for potential sales[13] - The cumulative completed area was reported at 404,800 square meters, indicating substantial project completions[13] - The area under construction amounted to 166,500 square meters, indicating ongoing development efforts[13] Financial Performance - The company achieved total revenue of RMB 12.989 billion, a decline of 41.45% year-on-year, with a pre-tax loss of RMB 803.113 million[6] - The real estate development segment generated revenue of RMB 10.965 billion, down 45.53% year-on-year, impacted by macroeconomic controls and a decrease in transferable area[6] - The sales area decreased by 35.10% year-on-year to 616,300 square meters, with total sales amounting to RMB 12.424 billion, a decline of 25.78%[5] - The company recorded a net loss attributable to ordinary shareholders of RMB 1.471 billion, with an earnings per share loss of RMB 0.4370[6] - The company reported a comprehensive loss attributable to ordinary shareholders of RMB 1.466 billion for the year, compared to a profit of RMB 215.294 million in the previous year[24] - The company reported a net loss of RMB 1,525,177 for 2022, compared to a profit of RMB 240,058 in 2021[39] - The company reported a net loss attributable to ordinary shareholders of RMB (1,471,352) thousand for the year ended December 31, 2022, compared to a profit of RMB 207,374 thousand in the previous year[116] Investment and Financing - The total investment amount for projects reached RMB 45.20 billion, with a significant increase from RMB 34.33 billion and RMB 22.43 billion in previous periods[13] - The company completed financing of RMB 3.307 billion during the reporting period, maintaining a low coupon rate compared to the industry[18] - The total financing amount at the end of the period was RMB 25,373.78 million, with an average financing cost of 5.07%[157] - The company has strengthened cash flow management and optimized its debt structure to enhance financial safety margins[18] - The company plans to strengthen cash flow management and improve the efficiency of capital usage to enhance overall risk resilience[162] Operational Strategies - The company has established a wholly-owned subsidiary, Beijing Beichen Commercial Management Co., Ltd., to enhance the operational efficiency of commercial properties[16] - The company is actively adjusting marketing strategies to maintain stable occupancy rates in office and apartment sectors[16] - The company is focusing on deepening industry research and talent cultivation in the exhibition sector to support future growth[15] - The company aims to build a comprehensive cloud analysis service platform for industry development consultation and competitive intelligence analysis[15] - The company is committed to digital transformation and creating a synergistic development model among its real estate, exhibition, and commercial property sectors[159] Market Conditions and Future Outlook - The company maintained a stable economic environment with a GDP growth rate of 3.0% in 2022, despite challenges in the real estate market[125] - The company is focusing on resource integration and risk management to enhance the resilience of its real estate development business amid increasing market challenges[107] - The company plans to continue expanding its market presence and developing new products and technologies in the upcoming periods[21] - The company will continue to adhere to the "housing is for living, not for speculation" policy while exploring new development models in the real estate sector[141] - The company expects to achieve a new construction area of 230,000 square meters and a sales area of 787,100 square meters in 2023, with a contract signing amount of RMB 13 billion[147] Segment Performance - The adjusted profit before tax for the real estate development segment was RMB 1.235 billion, while the exhibition and commercial property segment reported a loss of RMB 140.9 million[35] - Total revenue from real estate development reached RMB 10,964,541,000, while revenue from exhibitions (including hotels) was RMB 1,943,237,000, contributing to a total revenue of RMB 13,085,757,000[51] - The exhibition and hotel segments experienced a decline in revenue due to economic pressures and restrictions on large gatherings, impacting overall performance[106] Assets and Liabilities - The total assets of the company as of December 31, 2022, were RMB 76.113 billion, a decrease from RMB 88.479 billion in 2021[25] - The total assets as of December 31, 2022, amounted to RMB 59,998,285, down from RMB 69,911,367 in 2021, representing a decrease of 14.2%[36] - Total liabilities as of December 31, 2022, were RMB 53,528,643, a decrease of 14.5% from RMB 62,610,819 in 2021[43] - The company's total liabilities to total assets ratio was 70% as of December 31, 2022, compared to 71% on December 31, 2021[189] Risk Management and Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[195] - The audit committee reviewed the company's annual performance and financial statements draft as of December 31, 2022[195] - The company emphasized risk prevention and cash collection, enhancing control over key project sales and financial management[129]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 北 京 北 辰 寶 業 股 (股份代號：588) 2022 年第三季度報告 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------| | | | | 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.09 | 條及第 | | 13.10B 條 之 披 露 要 求 而 作 出。 | | | 根據中國證 ...

港交所股票代號 : 0588 上交所股票代號 : 601588 2022 中 期 報 告 ILLING OUT France Product in the 2 1 1 13 a 27 0 02 1003 III Hand The First The First The First of the First of the First of the First of the First of the First of the First of the first of the first of the first and THE DECEMBER 1 m um TOTAL nummit 1 二零二二中期報告 1 二零二二中期報告 中期報告 截至二零二二年六月三十日止六個月期間 • 收入為人民幣6,840,511,000元，比去年同期下降33.75% • 營運利潤為人民幣108,959,000元，比去年同期下降92.58% • 本公司普通股股東應佔虧損為人民幣532,913,000元，比去年同期減少人民幣794,367,000元，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）錄得虧損為人民幣430,8 ...

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 ...