Financial Performance - The company recorded revenue of RMB 4.533 billion for the year, with sales from business park residential, office, and independent residential units contributing RMB 3.182 billion[12]. - The gross profit decreased by 35.1% year-on-year to RMB 1.060 billion, resulting in a gross profit margin of 23.4%[12]. - The net loss attributable to the company was RMB 737 million for the year[12]. - The company’s total revenue for the year was RMB 4.53 billion, a decrease of 16.0% compared to the previous year[66]. - Property sales revenue amounted to RMB 3.18 billion, down 20.6% year-on-year, primarily due to a reduction in project deliveries[67]. - The company recorded a net loss of RMB 736.49 million for the year, compared to a net profit of RMB 22.19 million in the previous year[82]. - Cash and bank balances as of December 31, 2022, were approximately RMB 358.8 million, down from RMB 773.89 million in the previous year[84]. - Total bank and other borrowings stood at RMB 12.05 billion, a decrease from RMB 12.91 billion the previous year[85]. - The company’s financing costs decreased to RMB 581.09 million from RMB 821.29 million in the previous year, mainly due to reduced interest expenses[78]. - The company’s administrative expenses were reduced by 30.2% to RMB 238.25 million, reflecting cost control measures[75]. Business Strategy and Expansion - The company aims to enhance operational efficiency and service quality through the implementation of smart park management using technologies such as 5G, cloud computing, big data, and IoT[14]. - The company plans to expand its operations into key first and second-tier cities and economically active regions across China[6]. - The company is committed to becoming a leading business park operator in China, leveraging its core competencies in business park development and operation[6]. - The company aims to actively explore new business growth points and implement a three-year action plan focusing on "de-leveraging, stabilizing debt, improving operations, and seeking development" in 2023[19]. - The company plans to enhance asset liquidity and cash recovery by developing specific revitalization plans for different asset categories and seeking external investment[21]. - The company will continue to introduce strategic partners to leverage existing and potential shareholder resources for business expansion[21]. - The group anticipates a significant improvement in sales in 2023, supported by stabilizing real estate policies and a recovering financing environment[38]. Market and Sales Performance - In 2022, the group achieved a contract sales amount of RMB 1.952 billion, with a sales area of 175,920 square meters and an average sales price of RMB 11,095 per square meter, remaining stable compared to the previous year[39]. - The sales revenue for the year was RMB 3.182 billion, with an average sales price of RMB 15,092 per square meter, reflecting a year-on-year increase of 6.8% due to different products recognized during the year[39]. - The main sales projects were concentrated in Dalian, accounting for 57.2% of the contract sales amount, followed by Changsha at 19.7% and Wuhan at 12.8%[43]. - The Dalian project "Qingyun Tianxia" achieved contract sales of approximately RMB 547 million, with a sales area of about 18,500 square meters and an average sales price of RMB 29,600 per square meter, making it one of the highest-selling projects in Dalian for the year[40]. - The Dalian land market saw significant declines, with land transaction amounts, areas, and average prices hitting near ten-year lows, indicating weakened developer interest[40]. - In Changsha, the real estate market remained weak, with new housing sales and land supply decreasing, but the city is implementing favorable policies to stimulate demand[42]. Operational Efficiency and Management - The company has served nearly 80 Fortune 500 companies over the past 20 years, establishing a strong customer base and operational experience[6]. - The company is focusing on reducing operational liabilities and accelerating cash recovery through asset disposal and equity transfers[21]. - The company aims to achieve sustainable development through effective communication with financial institutions and debt restructuring efforts[21]. - The group is focusing on strategic emerging industries in Changsha, leveraging high-quality innovation resources from universities to promote regional economic development[42]. - The group is actively seeking new profit points in equipment leasing, cost consulting, and property maintenance, focusing on cost efficiency and project management capabilities[55]. Environmental, Social, and Governance (ESG) Initiatives - The board of directors is responsible for the overall management of the group's environmental, social, and governance (ESG) strategies and performance[102]. - The group established a sustainable development governance framework to identify and review sustainability risks across its business departments[104]. - The company emphasizes compliance management and aims to enhance corporate governance and risk management levels[107]. - The company is committed to green building practices, incorporating elements such as solar power and energy management systems in its projects[119]. - The company has established an ISO 14001 certified environmental management system to strengthen environmental management[116]. - The company is dedicated to reducing its operational environmental impact through energy-efficient construction methods[116]. - The company has developed a "Mucity Index" to evaluate the ecological performance of its development projects[117]. - The company has implemented dust and noise control measures at construction sites, ensuring compliance with environmental standards and real-time monitoring of air quality and noise levels[125]. - The company is committed to reducing carbon emissions during construction and encouraging stakeholders to adopt low-carbon practices in their operations[136]. - The company has not violated any significant environmental laws or regulations during the reporting period, demonstrating compliance with various environmental protection standards[136]. Employee Development and Corporate Culture - The company focuses on employee development through training programs and competitive compensation systems[107]. - Total training hours reached 10,036, with 464 employees participating, representing 75.57% of all employees[157]. - The company conducted 1,072 training sessions across various categories during the reporting period[157]. - The company emphasizes the importance of employee health and safety, implementing various safety measures and training programs[143]. - The company maintains a zero-tolerance policy towards discrimination in hiring and promotion practices[152]. - The employee age distribution shows 14% under 30, 46% between 30-40, 31% between 40-50, and 9% over 50[153]. Customer Engagement and Satisfaction - The group emphasizes customer satisfaction, conducting regular surveys to ensure a steady increase in customer satisfaction levels[188]. - The company has established a customer complaint management system to categorize complaints and develop improvement plans, aiming to enhance customer satisfaction[197]. - The company emphasizes the importance of customer feedback and conducts regular satisfaction surveys to ensure continuous improvement[197].

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之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 YIDA CHINA HOLDINGS LIMITED 億達中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3639） 截至二零二二年十二月三十一日止年度之年度業績公告 財務摘要 1、 二零二二年已確認收入為人民幣45億3,292萬元，較二零二一年同期減少16.0%。 2、 二零二二年毛利為人民幣10億6,042萬元，較二零二一年同期減少35.1%，毛利率由二零二一 年的30.3%減至年內的23.4%。 3、 年內（虧損）╱利潤由二零二一年的淨利潤人民幣2,219萬元減少至年內的淨虧損人民幣7億 3,649萬元，淨利潤率為-16.2%。 4、 普通權益持有人應佔每股基本虧損總額人民幣28.51分。 5、 董事會並不建議派付截至二零二二年十二月三十一日止年度的末期股息。 1 綜合損益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 人民幣千元 人民幣千元 持續經營業務 | ...

Financial Performance - The company recorded revenue of RMB 3.26 billion, with sales from residential properties, office buildings, and independent houses contributing RMB 2.66 billion[15]. - Gross profit was RMB 747 million, resulting in a gross margin of 22.9%[15]. - Net profit attributable to shareholders was RMB 18 million[15]. - The group's revenue for the period was RMB 3,260.05 million, representing a year-on-year increase of 79.2%[88]. - Property sales revenue amounted to RMB 2,663.28 million, up 125.8% year-on-year due to an increase in delivered projects[88]. - The group's gross profit was RMB 746.85 million, a year-on-year increase of 58.8%, with a gross margin of 22.9%[96]. - The net profit for the six months ended June 30, 2022, was RMB 11,192 thousand, a decrease of approximately 96.1% from RMB 285,146 thousand in the prior year[175]. - The profit for the period was RMB 18,365 thousand, compared to a profit of RMB 271,442 thousand in the same period last year, indicating a significant decline[186]. Market Conditions - The real estate market is facing unprecedented pressure, with a significant decline in sales scale and investment in property development[16]. - In Dalian, the overall real estate market saw a 42.1% year-on-year decrease in sales area, with an average sales price of RMB 14,800 per square meter, down 9.1% year-on-year[42]. - In Changsha, residential transactions decreased by 43.0% year-on-year, with the city implementing cautious regulatory policies to support reasonable housing demand[46]. - Zhengzhou's macro control policies have been loosened, with continuous reductions in mortgage rates, indicating a new round of easing in housing policies[50]. Strategic Initiatives - The company aims to leverage its unique operational advantages and resource strengths to create a "new industrial city" that matches talent with industry clusters[16]. - The company plans to deepen its presence in second and third-tier cities, anticipating continued policy relaxation to stimulate reasonable housing demand[16]. - The company has established a strategic investment partnership with its controlling shareholder, enhancing its ability to seize new development opportunities[7]. - The company is committed to becoming a leading business park operator in China, implementing a national development strategy that balances light and heavy operations[7]. - The company aims to enhance its core operational capabilities by developing a long-term asset management plan for key parks and exploring smart park pilot projects[17]. - The company is focusing on attracting strategic partners to enhance resource sharing and expand development prospects[29]. Operational Efficiency - The company has integrated its business lines, significantly improving comprehensive management capabilities and operational efficiency[20]. - The company has established a smart park system to improve operational efficiency and service quality, leveraging new technologies and applications[27]. - The company recorded rental income of approximately RMB 253 million, an increase of 5.1% compared to the same period last year, primarily due to an increase in leased area[32]. - The total completed building area of the company's business parks reached approximately 1,844,000 square meters, with a leasable area of about 1,442,000 square meters[33]. Debt and Financial Management - The company is actively addressing debt issues, enhancing the sustainability of its capital structure through resource activation and collaboration with financial institutions[21]. - The group had bank and other borrowings of approximately RMB 12.77 billion as of June 30, 2022, compared to RMB 12.91 billion as of December 31, 2021[110]. - The net debt ratio was approximately 100.3% as of June 30, 2022, compared to 99.5% as of December 31, 2021[116]. - The group has ongoing discussions with banks and financial institutions regarding future financing arrangements and is also seeking alternative financing sources[162]. - The group has an outstanding balance of RMB 947,169,000 payable to Andou Party, with ongoing negotiations for a settlement[199]. Future Outlook - The company anticipates a full economic recovery in 2022 as the pandemic stabilizes and financing conditions improve, supporting reasonable financing demand[22]. - The group is committed to digital transformation to help tenant enterprises find breakthroughs and expand development space in the post-pandemic era[38]. - The company aims to enhance innovative services through three key service capabilities: "Smart Industry Gathering," "Smart Service Business," and "Smart Park Management" in response to the 14th Five-Year Plan[60].

Financial Performance - The company recorded a revenue of RMB 5.395 billion, with sales from business park residential, office, and independent residential units contributing RMB 4.009 billion[17]. - The net profit attributable to the owners of the company was RMB 2.93 million[17]. - The company's revenue for the year was RMB 5.395 billion, representing a year-on-year growth of 11.3%[100]. - Property sales revenue amounted to RMB 4.009 billion, accounting for 74.3% of total revenue, with a 12.4% increase compared to the previous year[101]. - Rental income decreased by 5.1% to RMB 510 million, primarily due to a reduction in leased area from projects exiting at the end of 2020[102]. - Business park management service revenue fell by 14.8% to RMB 276 million, attributed to the gradual exit of certain projects[105]. - Gross profit for the year was RMB 1.634 billion, a 39.7% increase, with the gross margin rising from 24.1% to 30.3%[108]. - The company's net profit decreased from RMB 196.84 million in the previous year to RMB 2.19 million this year[117]. Business Strategy and Development - The company aims to leverage its core competencies in operation, investment attraction, service, and branding to explore diversified development models in urban renewal and industrial upgrading[18]. - The company plans to expand its operations into key first and second-tier cities and economically active regions, implementing a "city-industry integration" development model[6]. - The company is focused on enhancing its competitive edge in business park development and operation, aiming for scale development and performance improvement in the real estate sector[6]. - The company is committed to becoming a leading business park operator in China, with a vision to achieve sustainable growth through strategic resource integration[6]. - The company is actively addressing debt issues by optimizing low-efficiency assets and communicating closely with financial institutions to extend and reduce interest on existing debts[23]. - The company plans to explore new business growth points by enhancing park operation services and seeking to incubate new business segments[25]. - The company aims to improve its capital structure sustainability by accelerating cash collection and disposing of non-core low-efficiency assets[26]. - The company is committed to a "city-industry integration" development model, focusing on market orientation and customer-centric operations while controlling various risks[24]. Project and Sales Highlights - The company achieved contract sales of approximately RMB 2.182 billion for the Dalian Qingyun Tianxia project, with a sales area of about 34,500 square meters and an average selling price of RMB 26,700 per square meter[20]. - The group achieved a contract sales amount of RMB 4.406 billion, with a contract sales area of 384,700 square meters, and an average contract sales price of RMB 11,452 per square meter, representing an 8.0% year-on-year increase[45]. - The Dalian project "Qingyun Tianxia" recorded contract sales of approximately RMB 2.182 billion, with a sales area of about 81,800 square meters and an average sales price of RMB 26,700 per square meter, making it one of the top-selling projects in Dalian[46]. - The Dalian area accounted for 68.1% of the total contract sales amount, with Changsha and Wuhan contributing 14.8% and 9.8%, respectively[45]. Operational Efficiency and Management - The company has established a standardized system for product design, construction, delivery, and maintenance, enhancing the competitiveness of its products[20]. - The company is actively managing 25 business park projects with a total managed area of approximately 3.93 million square meters[65]. - The company has established a professional project management team to ensure high-quality delivery of office space renovation projects[72]. - The company has completed numerous high-quality decoration projects in major cities, receiving high praise from clients and park operators[73]. Sustainability and ESG Initiatives - The company has established a clear ESG governance structure, with the board responsible for overseeing ESG matters and setting related goals[135]. - The company aims to create long-term shared value for stakeholders and shareholders through sustainable development practices[134]. - Yida China identified 21 key sustainability issues through stakeholder engagement and internal assessments[141]. - The company has received ISO 14001 certification for its environmental management system, demonstrating its commitment to sustainability[162]. - The company adheres to national green building standards and aims for LEED Silver certification in its projects[150]. - The company is committed to green, environmentally friendly, and low-carbon principles in its construction processes, aligning with national "dual carbon" goals[73]. - The company promotes a green office culture, focusing on energy saving, water conservation, and reducing paper usage[178]. Employee and Community Engagement - The company has established a comprehensive welfare system, including basic benefits such as social insurance and additional perks like health check-ups and employee discounts[199]. - The company emphasizes employee health and safety, complying with relevant laws and continuously improving its management systems to ensure safe production[200]. - During the campus recruitment activities from September to October 2021, the company engaged over 30,000 participants across multiple cities, enhancing its talent acquisition efforts[191].

Financial Performance - The group recorded revenue of RMB 1.819 billion for the six months ended June 30, 2021, with net profit attributable to shareholders amounting to RMB 271 million[15]. - The gross profit margin for the period was 25.8%[15]. - The group recorded rental income of approximately RMB 240.29 million, a decrease of 9.6% compared to the same period in 2020, primarily due to the exit of leased projects leading to a reduction in rental area[38]. - The group achieved contract sales amounting to RMB 2.652 billion, a slight increase of 1.9% year-on-year[45]. - The average contract sales price was RMB 13,857 per square meter, representing a year-on-year increase of 37.5%[45]. - Sales revenue recorded was RMB 1.116 billion, an increase of 11.3% year-on-year, with an average sales price of RMB 11,531 per square meter[45]. - The company reported a profit before tax of RMB 609,898,000 for the first half of 2021, an increase of 37.2% from RMB 444,656,000 in the same period of 2020[160]. - The net profit for the six months ended June 30, 2021, was RMB 285,146,000, slightly up from RMB 284,876,000 in 2020, indicating a stable performance[151]. - The company reported a profit of RMB 271,442 thousand for the six months ended June 30, 2021, compared to RMB 297,638 thousand for the same period in 2020, indicating a decline of 8.8%[157]. Revenue Sources - Revenue from the sale of residential properties, office buildings, and independent houses was RMB 1.162 billion, while rental income from business parks was RMB 240 million[15]. - Property sales revenue amounted to RMB 1.161 billion, representing 63.8% of total revenue, with an 11.3% increase compared to the previous year[76]. - The group’s residential property sales accounted for 84.2% of the total contract sales amount[45]. Strategic Focus and Development - The company aims to become a leading business park operator in China, focusing on a development strategy that integrates industry and city[6]. - The group has developed and operated multiple software and technology parks, achieving a strategic goal of national expansion and diversified cooperation[6]. - The company is strategically focusing on emerging industries such as new information technology, intelligent manufacturing, and digital cultural creation, aiming to create a lightweight, intelligent, and one-stop business park platform[21]. - The company is committed to expanding in key first and second-tier cities and economically active regions[6]. - The company plans to leverage strong internal and external resources to enhance its core competitiveness in business park development and operations[6]. Operational Efficiency and Innovation - The company is developing a digital park management platform that integrates cloud computing and big data technologies to enhance operational efficiency and support tenant enterprises in their digital transformation[20]. - The company is enhancing its investment and operational capabilities by transitioning from space leasing to policy and operational service leasing, utilizing modern technologies like big data and the internet[25]. - The company is committed to building a comprehensive industrial development and consulting research system to support the growth of its business park projects[19]. - The group emphasizes the importance of innovation in driving high-quality development of the real economy, as highlighted in the government's work report[21]. Financial Management and Challenges - The company is actively managing cash flow and debt, seeking strategic partnerships to optimize its capital structure and ensure long-term operational stability[26]. - The company has experienced significant uncertainty regarding its ability to continue as a going concern due to various defaults and financial pressures[171]. - The company has a total outstanding loan amount of RMB 11,724,931,000 as of June 30, 2021, with cash and cash equivalents of only RMB 375,271,000, highlighting potential liquidity risks[165]. - The company has been in default on various financial obligations, including a $22,500,000 preferred note due on April 16, 2021, which was repaid on May 4, 2021[169]. - The company is actively seeking opportunities to sell non-core assets or businesses to alleviate financial pressure[174]. Asset Management - The total completed property area held by the group is approximately 1,739,000 square meters, with a leasable area of about 1,671,000 square meters[39]. - The total land reserve area was 8.34 million square meters, with the company's attributable land reserve area at approximately 7.4 million square meters[62]. - The group has established six major industry investment centers across key cities, forming a nationwide industry investment network[56]. Market Trends and Future Outlook - The real estate market is experiencing a trend towards healthy, stable, and professional development, with a focus on "high-quality development" rather than "high turnover" and scale expansion[16]. - The company aims to seek opportunities in key cities, focusing on high-end industry resources and leveraging new technologies to promote the integration of high-end technology, digital economy, and real economy[24]. - The company plans to leverage opportunities in the real estate market for mergers and acquisitions to supplement its property resources[62]. Employee and Corporate Governance - The number of full-time employees decreased to 970 as of June 30, 2021, from 1,848 as of December 31, 2020[104]. - The company has complied with all corporate governance code provisions except for the separation of the roles of Chairman and CEO[125].

Company Overview - Yida China Holdings Limited is the largest business park developer and leading operator in China, established in 1988 and listed on the Hong Kong Stock Exchange in June 2014[3]. - The company has developed and operated multiple software parks and technology parks, including Dalian Software Park and Tianjin Binhai Service Outsourcing Industrial Park, achieving a strategic goal of national expansion and diversified cooperation[3]. - Yida has served nearly 80 Fortune 500 companies over the past 20 years, accumulating substantial customer resources and operational experience[3]. - The company aims to become the leading business park operator in China, implementing a national development strategy that balances light and heavy operations[4]. - Yida plans to leverage its strong internal and external resources to enhance its core competitiveness in business park development and operations, aiming for scale development and performance improvement[4]. Financial Performance - The company reported a revenue of RMB 5,204.22 million for the year ended December 31, 2020, a decrease from RMB 6,077.40 million in 2019, representing a decline of approximately 14.4%[11]. - Gross profit decreased by 41.6% year-on-year to RMB 1,244.78 million, with a gross margin of 23.9%[18]. - Net profit attributable to the company’s owners was RMB 172.58 million, down from RMB 450.16 million in 2019, reflecting a decline of approximately 61.7%[18]. - Total assets increased to RMB 45,466.49 million, up from RMB 43,873.46 million in 2019, indicating a growth of about 3.6%[13]. - Total liabilities rose to RMB 33,154.70 million, compared to RMB 31,337.94 million in 2019, marking an increase of approximately 5.8%[13]. - The company recorded rental income of approximately RMB 538 million, a decrease of 3.1% year-on-year due to a decline in occupancy rates impacted by the COVID-19 pandemic[38]. - The sales revenue for the year was RMB 3.555 billion, representing a decrease of 20.4% compared to the previous year, primarily due to reduced project deliveries caused by the pandemic[53]. - Property sales revenue was RMB 3,554.914 million, representing 68.3% of total revenue, down 20.4% from the previous year due to project delivery delays caused by the COVID-19 pandemic[113][114]. Operational Highlights - The company engaged in the acquisition of joint venture projects totaling approximately 280,000 square meters in Changsha and Shenyang during the year[20]. - The company introduced four smart park product systems, achieving online platform development and offline operational service systems, with a total of 27 projects launched covering over 5 million square meters[24]. - The company achieved a contracted sales amount of RMB 5.601 billion, with a contracted sales area of 528,100 square meters, and an average contracted sales price of RMB 10,607 per square meter[53]. - The total completed building area of the company's business parks is approximately 2.088 million square meters, with a leasable area of about 1.945 million square meters[38]. - The company plans to continue focusing on "industry-city integration" and exploring various cooperation models to enhance operational efficiency[20]. - The company is focusing on eight major industry directions and actively seeking strategic cooperation with leading enterprises to broaden its industrial dimensions[26]. Market and Sales Insights - The occupancy rates for the company's business parks vary, with Dalian Software Park at 91%, Dalian Ecological Technology Innovation City at 73%, and Wuhan Software New City at 37%[40]. - Dalian's real estate market saw a sales area of 216,186 square meters, with a sales revenue of RMB 333,606 million, resulting in an average price of RMB 15,431 per square meter, accounting for 59.5% of total sales[60]. - Changsha's residential sales totaled approximately 1,158,000 square meters, a year-on-year increase of 12.1%, with an average price of RMB 11,502 per square meter[56]. - The company anticipates a release of pent-up demand in the real estate market over the next two years, following the impact of the pandemic[55]. Environmental and Social Responsibility - The company strictly adhered to national environmental regulations, achieving no violations or exceedances in emissions during the year[146]. - Energy consumption decreased from 113,042,244 kWh in 2019 to 108,324,310 kWh in 2020, while energy intensity improved from 5.07 kWh/m² to 3.34 kWh/m²[150]. - Water consumption reduced significantly from 1,638,004 m³ in 2019 to 1,095,367 m³ in 2020, with water intensity improving from 0.073 m³/m² to 0.034 m³/m²[156]. - The company provided services to 4,164 enterprises and over 320,000 residents during the COVID-19 pandemic, demonstrating its commitment to corporate social responsibility[21]. - The company actively promotes green building initiatives and collaborates with stakeholders to enhance environmental protection efforts in the industry[161]. Employee Welfare and Development - The company had 1,848 full-time employees as of December 31, 2020, down from 2,018 in 2019[139]. - The group has implemented a transparent promotion mechanism, evaluating employee performance biannually based on key indicators[176]. - The group organized campus recruitment programs, hiring 66 interns during the year to foster young talent[176]. - The company provided 510 training sessions for employees, with an average training duration of 152 hours and an annual learning rate of 98.3%[195]. - The company launched the "Yizhongren" training program for 13 new graduates, facilitating their transition from campus to workplace[199]. - The group emphasizes open communication with employees, establishing multiple channels for feedback and concerns[179].

Financial Performance - The company recorded revenue of RMB 1.715 billion for the six months ended June 30, 2020, with sales from business park residential, office, and independent residential amounting to RMB 1.044 billion[17]. - The gross profit margin was 29.7%, and the net profit attributable to shareholders was RMB 298 million[17]. - The group achieved a contract sales amount of RMB 2.556 billion, a year-on-year decrease of 42.7% due to the impact of the COVID-19 pandemic[55]. - The group's revenue for the period was RMB 1.71498 billion, a year-on-year decrease of 26.5%[99]. - Property sales revenue amounted to RMB 1.04389 billion, representing 60.9% of total revenue, down 38.7% year-on-year due to a decrease in project deliveries[99]. - Gross profit for the period was RMB 506.2 million, a decrease of 50.4%, with a gross margin dropping from 44.0% to 29.7%[103]. - The company reported a net profit of RMB 284.88 million, an increase of 9.7% compared to the previous year[114]. - The total comprehensive income for the period was RMB 284,876, compared to RMB 259,681 in the previous year, showing an increase of 9.7%[179]. Market Challenges and Responses - The company faced significant challenges due to the COVID-19 pandemic, impacting the Dalian and Wuhan markets[18]. - The company is focused on revitalizing regional economies by supporting enterprises in resuming operations safely and efficiently[19]. - The company launched five intelligent management systems for epidemic prevention in smart parks to ensure a safe working environment for tenants[53]. - The company established a pandemic response team to ensure safety and health for property owners during the COVID-19 outbreak[76]. - The company has maintained stable operations in high-risk areas during the pandemic without any liability incidents, receiving positive feedback from residents and local authorities[76]. Strategic Initiatives and Investments - The company has established a unique business model and industry advantages over more than 20 years, solidifying its leading position in the industry[18]. - The company has a strategic investment from its controlling shareholder, which will help seize new development opportunities[7]. - The company plans to expand its operations into key first and second-tier cities and economically active regions[7]. - The company aims to leverage high-quality, large-scale business parks to drive regional economic recovery and optimize the business environment[18]. - The company has successfully acquired the Qingyun Tianxia residential project in Dalian, covering an area of approximately 96,000 square meters with a total construction area of 501,000 square meters, which will enhance the company's property sales resources and support long-term performance release[22]. - The company completed the acquisition of a 75% stake in the Dalian Qingyun Tianxia joint venture and a 50% stake in the property service company for RMB 3.03 billion, which will add approximately 450,000 square meters of land reserves[44]. Digital Transformation and Innovation - The company aims to optimize the operational management system of business parks, achieving a digital-driven smart park system that standardizes industrial operations and enhances decision-making through data[21]. - The company has developed a digital platform for smart parks that integrates various business models and enhances service efficiency and customer engagement[27]. - The company has established a comprehensive digital operation solution for business parks, enhancing its core competitiveness in the digital era[21]. - The company is actively deploying digitalization in its parks, with significant progress in online platforms such as the "Easy Asset Management" app and online client product information entry[65]. - The company is leveraging technologies like cloud computing and big data to enhance the digital operation of its parks, establishing new core competitive advantages[65]. Property Management and Development - Property management business revenue reached RMB 270 million, representing a year-on-year growth of 21.6% due to an increase in managed projects and service income[75]. - The company added 2 new residential projects, increasing operational area by approximately 500,000 square meters, totaling 78 residential projects covering about 11.88 million square meters[76]. - The total area of contracted operational management projects is 3,299.5 thousand square meters across various cities[67]. - The company aims to enhance project resource expansion and broaden profit channels through vertical integration of development, design, construction, operation, and service[70]. - The company has implemented a digital platform to transition towards intelligent services in property management[75]. Financial Position and Liquidity - As of June 30, 2020, the company had cash and bank balances of approximately RMB 1.28869 billion, down from RMB 2.03952 billion as of December 31, 2019[118]. - The company's total bank and other borrowings amounted to approximately RMB 17.436379 billion as of June 30, 2020, an increase from RMB 15.015725 billion as of December 31, 2019[119]. - The net debt ratio increased to approximately 125.8% as of June 30, 2020, up from 103.5% as of December 31, 2019, representing a rise of 22.3 percentage points[123]. - The company faced a liquidity challenge, with current liabilities exceeding current assets by RMB 5,896,811,000 as of June 30, 2020[198]. - The company reported a decrease in cash flow from operating activities, with a total of RMB (1,771,000) from receivables from joint ventures and associates, compared to RMB 22,941,000 in the previous year[193]. Community Engagement and Social Responsibility - The company actively undertook social responsibility during the COVID-19 pandemic, participating in various charitable activities to support affected communities[140]. - The "Sunflower Fund" was established in April 2020 to provide educational assistance to students from impoverished families, delivering supplies to dozens of children in Dalian[140]. - The company collaborated with the Green Campus Committee to enhance classroom safety and air quality in schools, providing free renovations and health education[140]. - The company emphasized its ongoing commitment to social welfare and community support during challenging times[140]. - The company aims to continue its philanthropic efforts and enhance educational opportunities for rural students in the future[140].

Company Overview - Yida China Holdings Limited is the largest business park developer and leading operator in China, established in 1988 and listed on the Hong Kong Stock Exchange in June 2014[3]. - The company has developed and operated multiple software parks and technology parks, including Dalian Software Park and Tianjin Binhai Service Outsourcing Industry Park, serving nearly 80 Fortune 500 companies[3]. - The company aims to become the leading business park operator in China, implementing a national development strategy that emphasizes both light and heavy development[4]. - Yida China Holdings Limited focuses on integrating industry and city development, consolidating its presence in Dalian while expanding into key first and second-tier cities[4]. - The company has established a strong competitive edge in business park development and operation, leveraging internal and external resources for scale development and performance enhancement[4]. Financial Performance - The company reported a revenue of RMB 6.077 billion for the year 2019, with a gross profit of RMB 2.131 billion, representing a gross margin of 35.1%[17]. - The net profit attributable to shareholders was RMB 450.164 million, a decrease from RMB 833.919 million in 2018[17]. - Total assets increased to RMB 43.873 billion in 2019, up from RMB 43.086 billion in 2018, while total liabilities rose to RMB 31.338 billion[12]. - The company achieved a year-on-year gross profit growth of 3.9%[17]. - The company reported a financial loss of RMB 9.174 million in 2019, compared to a loss of RMB 23.861 million in 2018[12]. - The company recorded rental income of approximately RMB 554.62 million, representing a 15.9% increase year-on-year, primarily due to an increase in leased area[42]. - The company achieved a contract sales amount of RMB 7.237 billion, a year-on-year decrease of 15.2%[63]. - The total contract sales area was 726,000 square meters, down 1.3% year-on-year[63]. - The average contract sales price was RMB 9,972 per square meter, a decrease of 15.1% year-on-year[63]. - The sales revenue recorded was RMB 4.464 billion, a decrease of 25.1% compared to the previous year[63]. - The company's total revenue for the year was RMB 6,077.4 million, a decrease of 17.4% year-on-year[138]. - Property sales revenue amounted to RMB 4,463.52 million, representing 73.4% of total revenue, down 25.1% compared to the previous year[140]. Strategic Initiatives - The company successfully acquired land for the Zhengzhou Technology New City Phase II project and entered into a buyback agreement for office buildings with the local government[18]. - The company is focusing on "industry-city integration" projects and expanding its business in new first-tier and strong second-tier cities[18]. - The company aims to deepen its national layout with a focus on five major regions and fifty cities, enhancing its core capabilities in smart park services[21]. - The company anticipates challenges in economic development in 2020 but remains committed to innovation in products, technology, and services[23]. - The company is actively seeking strategic partners to enhance its core competitiveness and promote urban integration projects[27]. - The company is committed to building a smart property service ecosystem by integrating advanced technologies such as IoT and big data[26]. - The company has established a "Park Site Selection Platform" and an "Industry Service Platform" to enhance service delivery[26]. Operational Performance - The total completed building area of the company's business parks is approximately 1,994,000 square meters, with a leasable area of about 1,949,000 square meters[43]. - The occupancy rate of Dalian Software Park is 96%, while Wuhan Software New City has a lower occupancy rate of 37%[43]. - The company continues to maintain its operations in cities like Dalian, Wuhan, and Chengdu, focusing on the "integration of industry and city" development model[24]. - The company has launched its "Yida Cloud Map" platform and completed the implementation of 23 internal and external projects[22]. - The group’s business park management projects totaled 32, with a managed area of approximately 5.06 million square meters, generating revenue of RMB 42.15 million, a year-on-year decline of 32.9%[83]. Environmental Impact - The group actively integrates energy-saving and low-carbon elements into the design, construction, and operation management of its business parks[176]. - The group aims to generate at least 10% of its domestic hot water consumption from solar thermal systems in its business parks[176]. - The group has implemented a series of measures to reduce environmental impact during the construction phase, including dust control and noise reduction strategies[176]. - The group has not reported any violations of environmental laws or regulations during the year[170]. - The company has implemented measures for water conservation and recycling, including rainwater harvesting and the use of recycled water for non-potable purposes[181]. - The company has increased its focus on employee welfare, providing competitive compensation and benefits in line with national and industry standards[189]. Employee Management - The group had a total of 2,018 full-time employees as of December 31, 2019[166]. - The total number of employees is approximately 2,018, with a gender distribution of 67.3% male and 32.7% female[193]. - Employee age distribution shows 19.4% are under 30, 63.9% are between 30-50, and 16.7% are over 50[193]. - Management personnel account for 14.6% of the workforce, while general employees make up 85.4%[193]. - The company has established a 100% target for occupational safety during construction processes[199]. - The company has implemented a comprehensive occupational health and safety management policy, certified under OHSAS 18001[198]. - All new employees receive pre-employment safety training and must pass an entrance exam on health and safety knowledge[198]. - The company emphasizes open communication channels for employee feedback and has established a clear grievance procedure[194]. - The employee evaluation process occurs biannually, influencing compensation adjustments and promotions[193].

Financial Performance - The group recorded revenue of RMB 2.333 billion for the six months ended June 30, 2019, with sales from business park residential, office, and independent residential amounting to RMB 1.704 billion[15]. - The gross profit margin was 44.0%, and the net profit attributable to shareholders was RMB 299 million[15]. - The company's total revenue for the period was RMB 2.33 billion, representing a year-on-year growth of 9.0%[106]. - Property sales revenue amounted to RMB 1.70 billion, accounting for 73.1% of total revenue, with a year-on-year increase of 9.0%[108]. - The net profit for the period was RMB 259.68 million, down from RMB 434.09 million in the previous year, reflecting a decrease of 40.1%[180]. - The group's net profit decreased by 40.2% to RMB 259.68 million from RMB 434.09 million in the same period last year[126]. - The company's basic and diluted earnings per share were RMB 11.55, compared to RMB 17.90 for the same period last year[180]. - The total profit for the period was RMB 259,681,000, a decrease of 40% compared to RMB 434,090,000 in the previous year[184]. - The total comprehensive income for the period was RMB 259,681,000, down from RMB 374,822,000, reflecting a decline of approximately 31%[184]. Business Development and Strategy - The company aims to become a leading business park operator in China, focusing on national development strategies and urban integration[5]. - The company plans to deepen its presence in Wuhan and expand into key first and second-tier cities and economically active regions[5]. - The company is positioned to capitalize on the evolving landscape of the real estate industry, focusing on scale development and performance improvement[5]. - The group aims to optimize existing assets and enhance operational efficiency, focusing on high-potential cities for future development[26]. - The group plans to adopt a multi-driven business development model, emphasizing quality development and expanding customer resources through various management models[27]. - The company is focusing on expanding its business parks and multifunctional residential projects across various cities[1]. - Future development plans include ongoing projects in Wuhan and Chengdu, with substantial building areas allocated for office and residential spaces[1]. Market Position and Recognition - The group has serviced nearly 70 Fortune 500 companies, establishing a strong customer base and operational experience[5]. - The group has been recognized as one of the top five industrial real estate operators in China for 2019, reflecting its industry leadership[20]. - The company was recognized as one of the "Top 30 Chinese Industrial Real Estate Operators" at the 2019 Annual Forum organized by the Viewpoint Real Estate Agency[38]. - The company has been included in the "Top 100 Chinese Real Estate Development Enterprises" for 2019, marking its continuous recognition since its listing in 2014[45]. Operational Efficiency and Asset Management - The group has launched smart park operation service models, with platforms covering over 2 million square meters and more than 5,000 clients across 16 cities[21]. - The company is focusing on enhancing construction management, cost management, and expanding external projects to improve competitiveness[77]. - The company aims to transform property management services through the development of digital platforms and smart services[82]. - The company has established a comprehensive digital operation service system for industrial real estate, enhancing asset appreciation[88]. - The company is actively expanding its business park management projects, with a total of 24 projects covering approximately 5.29 million square meters[69]. Financial Position and Liabilities - The group's net debt ratio was approximately 109.2% as of June 30, 2019, a decrease of 19.4 percentage points from 128.6% as of December 31, 2018[133]. - The group's financing costs decreased by 25.2% to RMB 306.77 million from RMB 499.97 million in the same period last year, mainly due to a reduction in interest-bearing debt and an increase in capitalized financing costs[122]. - The company's total liabilities amounted to RMB 30,994,300,000, slightly down from RMB 31,247,803,000, showing a decrease of about 1%[189]. - The net current liabilities increased to RMB (5,881,709,000) from RMB (4,531,112,000), indicating a worsening liquidity position[189]. Land and Property Management - The total land reserve area as of June 30, 2019, was 9.75 million square meters, with the company's attributable land reserve area approximately 8.18 million square meters[89]. - The company successfully acquired land for the Zhengzhou High-tech Zone Technology New City Phase II project, expected to expand the total building area to approximately 700,000 square meters[89]. - The company has significant land reserves in Dalian, accounting for 69.7% of total land reserves[1]. - The company added three new residential projects, increasing the operational area by 781,000 square meters, bringing the total to 11.24 million square meters across 73 residential projects[83]. Revenue Streams - Rental income from business parks was RMB 267 million, while entrusted operation management income was RMB 30.47 million[15]. - The company recorded rental income of approximately RMB 266.7 million, representing a 26.0% increase compared to the same period in 2018, primarily due to an increase in leased area[49]. - Business park operation management service revenue grew by 93.5% to RMB 30.5 million, driven by an increase in commissioned operation projects[109]. Shareholder Information and Dividends - Major shareholder Jia You (International) Investment Limited holds 1,578,751,750 shares, which is 61.10% of the company's issued share capital[159]. - The company decided not to declare any interim dividend for the six months ended June 30, 2019[162]. - The company plans to pay the final cash dividend of RMB 0.08 per share by December 31, 2019, following delays[162].

Company Overview - Yida China Holdings Limited is the largest business park developer and leading operator in China, established in 1988 and listed on the Hong Kong Stock Exchange in June 2014[3][4]. - The company has developed and operated multiple software parks and technology parks, including Dalian Software Park and Wuhan Software New City, serving nearly 80 Fortune 500 companies[3]. - The company aims to become the leading business park operator in China, focusing on a national development strategy that emphasizes both light and heavy industries[4]. - Yida China Holdings has integrated internal and external resources to enhance its core competitiveness in business park development and operation[4]. Business Expansion and Strategy - The company plans to expand its operations into key first and second-tier cities and economically active regions[4]. - The company aims to replicate and innovate successful business models in more cities, enhancing regional development[21]. - The strategic focus includes expanding in new first-tier and strong second-tier cities such as Dalian, Wuhan, Hefei, and Changsha[27]. - The company is actively seeking quality business partners to deepen cooperation and enhance project acquisition at reasonable prices[27]. Financial Performance - The company reported a revenue of RMB 7.36 billion for the year, with a gross profit of RMB 2.05 billion, representing a year-on-year growth of 16.1% and a gross margin of 27.9%[20]. - The net profit attributable to the company's owners was RMB 833.92 million, compared to RMB 984.30 million in the previous year[20]. - Total assets increased to RMB 43.09 billion, while total liabilities rose to RMB 31.25 billion, indicating a stronger asset base[15]. - The company achieved a contract sales amount of RMB 8.537 billion, representing a year-on-year increase of 17.5%, primarily due to increased sales from the acquired Dalian Tiandi project[68]. Project Development and Operations - The company successfully completed the acquisition of the flagship project "Dalian Tiandi," which was included in the consolidated financial statements[22]. - The company expanded its light-asset projects, adding 10 new projects in target cities, with a total operational area reaching approximately 6.75 million square meters[24]. - The company has established 21 cities with 32 business parks, focusing on key urban areas to drive industrial clustering[21]. - The total completed building area of the company's business parks is approximately 1.615 million square meters, with a leasable area of about 1.612 million square meters[46]. Customer and Market Engagement - The company has established a strong customer base and operational experience, creating a high entry barrier and customer loyalty in its business development[3]. - The company is enhancing customer loyalty and brand recognition through various initiatives, including the establishment of a global innovation center[51]. - The company is focusing on optimizing property management structures and enhancing service standards through regular training for property personnel[51]. Environmental and Sustainability Initiatives - The group has implemented an environmental management system compliant with ISO 14001 standards in its landscaping and management activities[184]. - The group aims to reduce greenhouse gas emissions and improve energy efficiency in its business operations[189]. - The company implemented measures for water resource management, including rainwater recycling and the use of reclaimed water for non-potable purposes[196][197]. Challenges and Risks - The company reported a net loss of RMB 23.86 million from financial and contract asset impairments, a significant decrease from RMB 341.22 million in the previous year[12]. - The company’s net profit decreased by 26.6% year-on-year to RMB 835.90 million[170]. - The company reported a net financing cost of RMB 659.85 million, an increase from RMB 334.46 million in the previous year, due to increased interest-bearing financing[164]. Workforce and Employment - The group employed a total of 1,932 full-time employees as of December 31, 2018[181]. Revenue Diversification - The group has diversified its revenue sources by launching new services such as community education and elderly care services through its smart management platform[133]. - The company is actively pursuing opportunities in non-residential property management to diversify its portfolio and increase revenue[131].