Financial Performance - The company's operating revenue for Q3 2022 was RMB 936,623,188, representing a year-on-year increase of 2.46%[4] - The net profit attributable to shareholders for Q3 2022 was RMB 298,138,766, an increase of 12.61% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 294,247,342, up by 11.28% year-on-year[4] - The basic earnings per share for Q3 2022 was RMB 0.30, reflecting a growth of 12.61% compared to the previous year[4] - The company's operating revenue for the first nine months of 2022 was RMB 2,596,229,969, a decrease of 2.5% compared to RMB 2,663,918,557 in the same period of 2021[17] - The net profit attributable to shareholders for the first nine months of 2022 was RMB 869,000,738, representing an increase of 12.0% from RMB 775,740,967 in the same period of 2021[17] - The basic and diluted earnings per share for the third quarter of 2022 were RMB 0.30, up from RMB 0.26 in the same quarter of 2021, reflecting a growth of 15.4%[17] - The total profit for the third quarter of 2022 was RMB 398,114,442, compared to RMB 353,992,686 in the same quarter of 2021, marking an increase of 12.4%[17] - The company achieved a total comprehensive income of RMB 869,657,802 for the first nine months of 2022, an increase of 12.0% from RMB 776,257,844 in the same period of 2021[17] Assets and Liabilities - The total assets at the end of the reporting period were RMB 12,648,608,844, a decrease of 0.61% from the end of the previous year[4] - The total liabilities as of September 30, 2022, were RMB 3.75 billion, down from RMB 4.09 billion at the end of 2021[16] - The company's cash and cash equivalents stood at RMB 3.22 billion, an increase from RMB 2.96 billion at the end of 2021[16] - The total equity attributable to shareholders of the parent company was RMB 8.90 billion, compared to RMB 8.63 billion at the end of 2021[16] - The company's accounts receivable increased to RMB 386.79 million from RMB 368.49 million at the end of 2021[16] - The company's inventory as of September 30, 2022, was RMB 30.51 million, slightly down from RMB 32.75 million at the end of 2021[16] - The company's long-term equity investments rose to RMB 26.15 million from RMB 23.52 million at the end of 2021[16] - The company's total current liabilities decreased to RMB 1.63 billion from RMB 1.91 billion at the end of 2021[16] - The company's retained earnings increased to RMB 5.51 billion from RMB 5.25 billion at the end of 2021[16] Cash Flow - The net cash flow from operating activities for the period from January to September 2022 was RMB 1,574,371,339, an increase of 5.23% year-on-year[4] - The net cash flow from operating activities for the first nine months of 2022 was 1,574,371,339, an increase from 1,496,086,598 in the same period of 2021, representing a growth of approximately 5.2%[20] - Total cash inflow from operating activities was 2,909,294,248, slightly down from 2,955,486,852 in 2021, indicating a decrease of about 1.6%[20] - Cash outflow for purchasing goods and services was (356,490,078), a reduction from (418,276,891) in 2021, showing a decrease of approximately 14.8%[20] - The cash flow from investing activities showed a net outflow of (41,903,568) for 2022, compared to (102,576,773) in 2021, indicating an improvement of about 59%[20] - Cash outflow for financing activities totaled (1,245,447,262), significantly higher than (504,402,214) in the previous year, reflecting an increase of approximately 147.5%[20] - The ending balance of cash and cash equivalents was 3,124,418,037, up from 2,620,250,405 in 2021, representing an increase of about 19.3%[20] - Cash inflow from other operating activities increased to 197,124,230 from 69,553,453 in 2021, marking a growth of approximately 183.5%[20] - The total cash inflow from investment activities was 124,381, compared to 462,498,176 in 2021, indicating a significant decrease[20] - The cash paid for employee compensation was (344,154,100), slightly higher than (328,619,946) in 2021, reflecting an increase of about 4.9%[20] - The cash paid for taxes was (482,564,508), down from (539,582,001) in 2021, indicating a decrease of approximately 10.6%[20] Shareholder Information - The company reported a total of 16,716 common shareholders at the end of the reporting period[11] - The company did not report any non-standard audit opinions for the quarter[3] Impact of Pandemic - The rental reduction due to the pandemic is estimated to impact the company's 2022 annual revenue by RMB 63.82 million, with RMB 57.12 million affecting the first three quarters of 2022[13]

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 1,749,774,812, a decrease of 5.15% compared to the same period last year[12]. - The net profit attributable to shareholders was RMB 510,976,850, an increase of 11.72% year-on-year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 509,320,572, a decrease of 7.17% compared to the previous year[12]. - The net cash flow from operating activities was RMB 880,739,190, an increase of 3.01% year-on-year[12]. - The basic earnings per share for the first half of 2022 was RMB 0.57, up 11.72% from RMB 0.51 in the same period last year[13]. - The weighted average return on net assets was 6.55%, an increase from 6.28% in the previous year[13]. - The total profit for the first half of 2022 was approximately CNY 762.78 million, an increase of 11.9% from CNY 681.74 million in the same period of 2021[100]. - The company's financial expenses decreased to approximately CNY 44.09 million in the first half of 2022 from CNY 54.44 million in the same period of 2021, a reduction of 19.1%[100]. - The company reported a significant increase in tax payable by 277.14% to 116 million RMB, attributed to a change in tax payment frequency[36]. Revenue Sources - The rental income from office buildings was RMB 763.68 million, accounting for 46.02% of the total revenue, showing an increase of RMB 10.29 million or 1.22% compared to the previous year[24]. - The hotel business revenue decreased by 48.16% year-on-year, amounting to RMB 117.02 million, significantly impacted by the COVID-19 pandemic[23]. - The total rental income from leased properties during the reporting period amounted to RMB 746.97 million from office spaces and RMB 521.84 million from the shopping mall[43]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 12,265,835,199, a decrease of 3.62% from the previous year-end[12]. - The company's net assets attributable to shareholders at the end of the reporting period were RMB 8,600,443,729, a slight decrease of 0.39% from the previous year-end[12]. - The company's total liabilities decreased to RMB 3,662,487,477, down 10.4% from RMB 4,088,929,705[99]. - Long-term borrowings decreased by 23.42% to 1.635 billion RMB, primarily due to the repayment of bank loans[37]. Cash Flow and Financing - The company reported a net cash flow from operating activities of RMB 907.25 million, an increase of RMB 26.51 million or 3.01% year-on-year[22]. - The company's total financing balance at the end of the period was RMB 2.145 billion, with an average financing cost of 4.19%[45]. - The company’s total cash outflow from financing activities for the first half of 2022 was approximately CNY 1.15 billion, compared to CNY 451.99 million in the same period of 2021[102]. Government Support and Subsidies - The company received insurance compensation income of RMB 97,576,000 related to business interruption due to the COVID-19 pandemic[14]. - Government subsidies received amounted to RMB 23,079,896, supporting the development of the business economy[14]. - Cash flow from operating activities increased due to a rise in government grants received[31]. Market Conditions and Challenges - The overall market for commercial properties faced challenges, with a notable decline in consumer traffic and rental demand due to the pandemic[19]. - The company anticipates a gradual recovery in the rental market as pandemic control measures improve and government support policies take effect[19]. - The company faces risks from the ongoing COVID-19 pandemic and increased competition in the Beijing CBD area due to the influx of new high-quality office buildings[49]. Corporate Governance and Shareholder Information - The company has retained PwC for the audit of its 2022 financial report and internal controls, as approved by the shareholders' meeting[65]. - The total number of shareholders as of the end of the reporting period is 19,184[78]. - China International Trade Center Co., Ltd. holds 812,360,241 shares, representing 80.65% of the total shares[78]. Investment and Capital Expenditure - The company has not faced any administrative penalties due to environmental issues during the reporting period[58]. - The company is actively promoting the sewage treatment and recycling project at the Guomao Building B, which is currently under construction, and has completed the upgrade of the garbage disposal capacity project[58]. - The company invested 8 million RMB in the reconstruction of the "China Guomao Primary School" after the 2019 earthquake, with 4.5 million RMB contributed by the company[61]. Accounting Policies and Financial Instruments - The company classifies financial assets into three categories: (1) measured at amortized cost, (2) measured at fair value with changes recognized in other comprehensive income, and (3) measured at fair value with changes recognized in profit or loss[116]. - Financial liabilities are primarily measured at amortized cost, including accounts payable, other payables, borrowings, and lease liabilities[126]. - The company recognizes expected credit losses for financial assets measured at amortized cost based on historical data, current conditions, and future economic forecasts[119]. Employee and Social Responsibility - Employee compensation includes various forms of remuneration, with short-term compensation recognized as liabilities in the accounting period services are provided[153]. - The company has committed 1.02 million RMB for the construction of the industrial road project in Baiyun Township, with 510,000 RMB contributed by the company, to improve local transportation[62].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 903,193,766, representing a year-on-year increase of 7.62%[4] - Net profit attributable to shareholders was RMB 267,576,900, reflecting a growth of 12.60% compared to the same period last year[4] - Operating profit for Q1 2022 was RMB 355.14 million, representing an increase of 11.98% from RMB 317.12 million in Q1 2021[16] - Total operating revenue for Q1 2022 reached RMB 903.19 million, a 7.63% increase from RMB 839.25 million in Q1 2021[16] - Net profit for Q1 2022 was RMB 267.77 million, up 12.66% compared to RMB 237.71 million in Q1 2021[16] - Cash flow from operating activities for Q1 2022 was RMB 601.88 million, a significant increase of 25.05% from RMB 481.41 million in Q1 2021[18] - The company reported a basic and diluted earnings per share of RMB 0.27 for Q1 2022, compared to RMB 0.24 in Q1 2021[16] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 13,088,487,328, up 2.85% from the end of the previous year[4] - The total current assets as of March 31, 2022, amount to RMB 3,884,760,297, an increase from RMB 3,403,198,585 as of December 31, 2021[14] - The total liabilities as of March 31, 2022, are RMB 4,184,221,385, compared to RMB 4,088,929,705 as of December 31, 2021, indicating a rise in liabilities[14] - The company's total equity attributable to shareholders as of March 31, 2022, is RMB 8,901,528,177, an increase from RMB 8,633,951,277 as of December 31, 2021[14] - Cash and cash equivalents at the end of Q1 2022 totaled RMB 3.40 billion, compared to RMB 2.13 billion at the end of Q1 2021, reflecting a growth of 59.25%[18] Operational Highlights - The average rental income from leased properties was RMB 373,821,547 for office buildings, with a rental area of 356,248 square meters[9] - The average occupancy rate for the company's properties was 98.3%, showing a slight increase of 0.9% compared to the previous year[10] - The average rental rate for the shopping mall segment increased compared to the same period last year, driven by higher new and renewed lease rates[11] - The company experienced a 53.86% increase in selling expenses, primarily due to higher advertising costs[7] - The company reported a significant increase in other income, which rose by 390.31% due to increased penalty income from tenants[7] Shareholder Information - As of March 31, 2022, the total number of ordinary shareholders is 29,431, with the largest shareholder, China International Trade Center Co., Ltd., holding 812,360,241 shares, representing 80.65% of the total[12] - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[12] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16] - The company aims to enhance operational efficiency and reduce costs in the upcoming quarters[16] - There are no new strategies or significant operational changes reported for the quarter[13]

Financial Performance - The company reported a total distributable profit of CNY 5,207,209,076 for the year 2021, with a proposed cash dividend of CNY 6.00 per 10 shares, amounting to a total cash dividend distribution of CNY 604,369,520[4]. - The company achieved operating revenue of RMB 3,585,982,881 in 2021, an increase of 15.76% compared to RMB 3,097,760,404 in 2020[31]. - Net profit attributable to shareholders reached RMB 1,023,793,717, reflecting a growth of 24.03% from RMB 825,426,303 in the previous year[31]. - The total profit amounted to RMB 1,370,000,000, an increase of 23.7% compared to the previous year[41]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 15%[91]. - The company expects to achieve operating revenue of 3.89 billion yuan in 2022, with a profit total of 1.42 billion yuan[72]. Assets and Liabilities - The company's total assets increased to CNY 1,272,592,000 as of December 31, 2021, up from CNY 1,209,012,000 in 2020, representing a growth of approximately 5.25%[17]. - The company's current assets rose to CNY 340,320,000 in 2021, compared to CNY 238,325,000 in 2020, indicating a significant increase of about 42.7%[17]. - Long-term liabilities decreased to CNY 217,888,000 in 2021 from CNY 264,398,000 in 2020, reflecting a reduction of about 17.6%[17]. - The company's total liabilities were RMB 4.09 billion, slightly up from RMB 4.07 billion in 2020, showing a marginal increase of about 0.4%[198]. - Cash and cash equivalents increased to RMB 2.96 billion from RMB 1.86 billion, marking a substantial rise of about 59.1%[198]. Cash Flow - The net cash flow from operating activities was RMB 1,780,173,946, up 26.57% from RMB 1,406,522,534 in 2020[31]. - The company's cash inflow from operating activities is expected to be around CNY 3.89 billion, leading to a total cash availability of approximately CNY 6.73 billion, sufficient to meet the funding needs[76]. - The total cash inflow from sales of goods and services in 2021 was RMB 3,840,212,221, compared to RMB 3,238,751,588 in 2020, marking an increase of about 18.6%[200]. Dividends and Shareholder Engagement - The company plans to submit the proposed profit distribution plan to the shareholders' meeting for approval, ensuring shareholder engagement in financial decisions[4]. - The company has established a cash dividend policy requiring at least 30% of the net profit to be distributed to shareholders annually[116]. - The company actively engages with minority shareholders to gather opinions on dividend proposals[117]. Governance and Compliance - The company has established a comprehensive corporate governance structure, ensuring clear responsibilities among the shareholders, board of directors, supervisory board, and management[77]. - The company has not reported any significant differences in governance compared to regulatory requirements[78]. - The company’s board of directors and supervisory board operate in compliance with relevant laws and regulations, ensuring effective oversight and management[77]. Market Position and Strategy - The company continues to maintain its leading position in the real estate industry, supported by its strategic location and comprehensive service offerings[40]. - The company is actively pursuing flexible marketing strategies to adapt to changing market conditions and seize business opportunities[37]. - The company plans to enhance its core competitiveness by attracting reputable multinational companies and focusing on technology-driven upgrades in the CBD area[71]. Employee and Management - The total number of employees in the parent company is 1,136, while the main subsidiaries have 842 employees, resulting in a total of 1,978 employees[110]. - The total remuneration for directors, supervisors, and senior management in 2021 amounted to 2,077,000 RMB[83]. - The company emphasizes a training program that combines internal and external training to enhance employee skills and quality[114]. Social Responsibility and Environmental Initiatives - The company donated a total of 4.4 million RMB to the "One Village One Kindergarten" education poverty alleviation project, with 2.2 million RMB contributed by the company itself[132]. - The company has implemented energy-saving projects, resulting in reduced energy consumption and carbon emissions[129]. - The company has actively participated in environmental protection and charitable activities, contributing to community welfare[130].

Financial Performance - The company's operating revenue for Q3 2021 reached RMB 914,143,745, representing a year-on-year increase of 14.11%[4] - Net profit attributable to shareholders for the same period was RMB 264,764,117, an increase of 28.77% compared to the previous year[4] - The company reported a net profit excluding non-recurring gains and losses of RMB 264,421,786 for Q3 2021, marking a 29.35% increase year-on-year[4] - The net cash flow from operating activities for the year-to-date period (January to September) was RMB 1,496,086,598, reflecting a significant increase of 36.22%[6] Assets and Equity - The total assets at the end of the reporting period amounted to RMB 12,597,980,255, which is a 4.20% increase from the end of the previous year[4] - The total equity attributable to shareholders at the end of the reporting period was RMB 8,385,898,527, reflecting a 4.65% increase from the previous year[4] - The weighted average return on equity for the year-to-date period was 9.49%, up by 1.59% compared to the previous year[4] Rental Income and Property Management - The average rental income from investment properties for the year-to-date period was RMB 1,111,875,281, with a total leased area of 356,248 square meters[8] - The average rental rate for the company's properties was RMB 631 per square meter per month, with an overall occupancy rate of 93.9%[9] Government Support and Subsidies - The company received government subsidies amounting to RMB 903,058 during the reporting period[5] Shareholder Information - The company has no related party relationships with other shareholders, ensuring independent shareholder actions[13] - The top 10 shareholders hold significant stakes, with the largest shareholder owning 8,364,965 shares, representing 0.83%[13] - The company has not reported any preferred shareholders or related information[13] Financial Reporting and Compliance - The financial statements for the nine-month period ending September 30, 2021, are available as an attachment[16] - The board of directors announced the financial results on October 29, 2021[16] - There were no audit opinions applicable to the financial statements for the quarter[14] - The adjustments made to the financial statements are detailed in the half-year report's notes on significant accounting policy changes[15] - The company has not disclosed any significant operational updates or reminders for investors during the reporting period[14] Lease Accounting - The company reported a total of 49,453,701 RMB in right-of-use assets as of January 1, 2021, following the implementation of new leasing standards[15] - Lease liabilities amounted to 46,726,928 RMB as of January 1, 2021, reflecting the adjustments made under the new leasing standards[15]

Financial Performance - The company's operating revenue for Q3 2021 reached RMB 914,143,745, representing a year-on-year increase of 14.11%[4] - Net profit attributable to shareholders for the same period was RMB 264,764,117, an increase of 28.77% compared to the previous year[4] - The company reported a net profit excluding non-recurring gains and losses of RMB 264,421,786 for Q3 2021, marking a 29.35% increase year-on-year[4] - For the nine months ended September 30, 2021, the total operating revenue was RMB 2,234,775,797, a decrease of 16.06% compared to RMB 2,663,918,557 for the same period in 2020[18] - The net profit attributable to shareholders of the parent company for the same period was RMB 612,489,344, down 21.01% from RMB 775,740,967 in 2020[18] - The operating profit for the nine months ended September 30, 2021, was RMB 805,098,952, a decrease of 22.19% from RMB 1,035,695,642 in 2020[18] - The company reported a basic and diluted earnings per share of RMB 0.61 for the nine months ended September 30, 2021, down from RMB 0.77 in 2020[18] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period (January to September) was RMB 1,496,086,598, reflecting a significant increase of 36.22%[6] - Operating cash inflow for the first nine months of 2021 was RMB 2,319,553,444, a decrease of 21.5% compared to RMB 2,955,486,852 in the same period of 2020[19] - Net cash flow from operating activities for the first nine months of 2021 was RMB 1,098,301,021, down 26.7% from RMB 1,496,086,598 in 2020[19] - Cash inflow from investment activities totaled RMB 855,209,508, an increase of 84.8% compared to RMB 462,498,176 in 2020[19] - Net cash flow from investment activities was negative RMB 172,214,090, worsening from negative RMB 102,576,773 in the previous year[19] - Cash inflow from financing activities was RMB 2,155,000,000, with no previous year comparison available[19] - Net cash flow from financing activities was negative RMB 481,298,608, compared to negative RMB 504,402,214 in 2020, showing a slight improvement[19] - The total cash and cash equivalents at the end of September 2021 was RMB 1,545,708,816, down from RMB 2,620,250,405 at the end of September 2020[19] - The net increase in cash and cash equivalents for the first nine months of 2021 was RMB 444,484,232, a decrease of 50% compared to RMB 889,170,173 in 2020[19] - The company received RMB 850,000,000 from investment recoveries, significantly higher than RMB 460,000,000 in the same period last year, indicating strong investment recovery efforts[19] - The company paid RMB 2,160,000,000 in debt repayments, a substantial increase from RMB 10,000,000 in the previous year, reflecting a focus on debt management[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 12,597,980,255, which is a 4.20% increase from the end of the previous year[4] - The total assets as of September 30, 2021, amounted to RMB 12,090,123,296, a decrease from RMB 12,597,980,255 at the end of 2020[17] - The total liabilities as of September 30, 2021, were RMB 4,074,330,379, down from RMB 4,209,332,508 at the end of 2020[17] - The company's cash and cash equivalents were RMB 1,855,979,325 as of September 30, 2021, compared to RMB 2,726,208,104 at the end of 2020, reflecting a decrease of 31.93%[17] - The total equity attributable to shareholders at the end of the reporting period was RMB 8,385,898,527, reflecting a 4.65% increase from the previous year[4] - The total equity attributable to shareholders of the parent company was RMB 8,013,070,574 as of September 30, 2021, compared to RMB 8,385,898,527 at the end of 2020[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,722[12] New Standards and Regulations - The company has implemented new leasing standards starting from 2021, resulting in the recognition of right-of-use assets of RMB 49,453,701 and lease liabilities of RMB 46,726,928[15]

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 1,749,774,812, representing a 22.05% increase compared to RMB 1,433,676,180 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was RMB 510,976,850, an increase of 25.59% from RMB 406,874,721 in the previous year[14]. - The net cash flow from operating activities reached RMB 880,739,190, showing a significant increase of 53.30% compared to RMB 574,514,941 in the same period last year[14]. - The basic earnings per share for the first half of 2021 was RMB 0.51, up 25.59% from RMB 0.40 in the same period last year[15]. - The total profit for the first half of 2021 was CNY 681,744,619, an increase from CNY 543,688,530 in the same period of 2020, representing a growth of about 25.4%[106]. - The company reported a net profit of RMB 510,976,850 for the first half of 2021, compared to RMB 264,836 in the same period of 2020, indicating a significant increase[109]. Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 12,198,577,070, a 0.90% increase from RMB 12,090,123,296 at the end of the previous year[14]. - The net assets attributable to shareholders of the listed company were RMB 8,121,134,410, reflecting a 1.35% increase from RMB 8,013,070,574 at the end of the previous year[14]. - As of the end of the reporting period, cash and cash equivalents amounted to RMB 2,200,681,018, representing 18.04% of total assets, an increase of 18.57% compared to the previous period[45]. - Total liabilities were RMB 4,074,945,481, slightly up from RMB 4,074,330,379, showing a marginal increase of 0.2%[105]. - The company's total non-current assets were RMB 9,528,820,369, down from RMB 9,706,869,653, reflecting a decrease of about 1.8%[105]. Revenue Streams - The hotel segment revenue increased significantly by 123.70% to RMB 225,730,112, compared to RMB 100,909,689 in the previous year[34]. - Rental income from leased properties amounted to RMB 740,528,167 from office buildings, RMB 539,368,103 from shopping malls, and RMB 30,949,292 from apartments[52]. - The average rental income for the mall segment increased, attributed to higher new and renewed lease rates compared to the previous year[36]. Market Position and Strategy - The company operates in the real estate industry, focusing on investment, operation, and management of commercial service facilities, including office buildings, shopping malls, and hotels[17]. - The company has maintained a leading position in the industry regarding operational scale, hardware facilities, management, and service[17]. - The company plans to leverage its location, brand, and management advantages to strengthen its market position and competitiveness[28]. - The company aims to enhance the intelligence level of its buildings and provide more detailed services to tenants[21]. Management and Governance - The company has a stable and experienced management team, providing high-quality services to domestic and international guests[19]. - The company has appointed PwC Zhongtian as the auditor for the 2021 financial report and its internal controls[74]. - The company held its annual general meeting on April 23, 2021, where several key resolutions were passed, including the approval of the 2020 annual financial statements[61]. Social Responsibility and Community Engagement - The company has donated a total of 4.4 million yuan to the "One Village One Kindergarten" education poverty alleviation project, with 2.2 million yuan contributed by the company itself[70]. - The company has built 30 standard kitchens and provided educational equipment to 60 kindergartens, benefiting over 3,600 preschool children and more than 2,500 rural families[70]. - The company invested 8 million yuan in the reconstruction of "China Guomao Primary School" after the 6.0 magnitude earthquake in Yibin, Sichuan, with 4.5 million yuan contributed by the company[71]. Risk Management - The company is facing increased competition in the Beijing CBD core area due to the addition of many high-quality office buildings[61]. - The company has taken measures to mitigate risks related to fire safety, security, and epidemic prevention, including purchasing relevant commercial insurance[64]. - The company is currently under pressure in various aspects such as security, anti-terrorism, and epidemic prevention due to its status as a landmark building in Beijing with an area exceeding 1.1 million square meters[63]. Accounting and Financial Reporting - The financial statements for the six months ended June 30, 2021, were approved by the board on August 30, 2021, reflecting the company's financial position and operating results[115]. - The company adheres to the accounting standards set forth by the Ministry of Finance and the China Securities Regulatory Commission[114]. - The company recognizes financial assets and liabilities based on the nature of the financial instruments and their cash flow characteristics[120]. Taxation - The company is eligible for tax reductions under specific policies, allowing a 25% reduction on taxable income up to RMB 1 million and a 50% reduction for income between RMB 1 million and RMB 3 million[187]. - The company has implemented a tax policy that allows for an additional deduction of 10% to 15% on deductible input VAT, which may positively impact cash flow[187].

Financial Performance - Net profit attributable to shareholders increased by 16.53% to RMB 237,625,959 year-on-year[5] - Operating revenue rose by 14.96% to RMB 839,253,722 compared to the same period last year[5] - Basic earnings per share rose by 16.53% to RMB 0.24 compared to the same period last year[5] - The total revenue for the first quarter of 2021 was RMB 839,253,722, compared to RMB 730,050,802 in the first quarter of 2020, representing a growth of approximately 15%[20] - For the first quarter of 2021, the consolidated net profit attributable to shareholders was RMB 237,625,959, up from RMB 203,924,100 in the same period of 2020, reflecting a growth of approximately 16.5%[20] - The basic and diluted earnings per share for the first quarter of 2021 were RMB 0.24, compared to RMB 0.20 in the first quarter of 2020, marking a 20% increase[20] Asset and Liability Changes - Total assets increased by 2.30% to RMB 12,368,382,496 compared to the end of the previous year[5] - The company's total liabilities as of March 31, 2021, were RMB 4,114,876,773, compared to RMB 4,074,330,379 at the end of 2020, indicating a slight increase of about 1%[19] - The total equity attributable to shareholders as of March 31, 2021, was RMB 8,250,696,533, an increase from RMB 8,013,070,574 at the end of 2020, representing a growth of about 3%[19] - Non-current liabilities due within one year increased by 36.93%, from RMB 17,166,461 to RMB 23,505,226, mainly due to accrued bond interest and lease liabilities to be paid within a year[13] Cash Flow Analysis - Net cash flow from operating activities increased by 34.72% to RMB 481,413,997 year-on-year[5] - The company's cash inflow from operating activities for Q1 2021 was RMB 929,452,580, a 25% increase compared to RMB 744,108,248 in Q1 2020[21] - The net cash flow from operating activities for Q1 2021 was RMB 481,413,997, up 34.7% from RMB 357,345,265 in Q1 2020[21] - The net increase in cash and cash equivalents for Q1 2021 was RMB 402,934,921, compared to RMB 252,176,100 in Q1 2020, reflecting a 59.8% increase[21] - The ending balance of cash and cash equivalents as of March 31, 2021, was RMB 2,134,015,153, up from RMB 1,353,400,684 at the end of Q1 2020[21] Operational Metrics - Average rental rate for shopping malls improved due to higher new and renewed lease rates, reflecting a recovery from the impact of COVID-19[9] - The average occupancy rate for the second phase office building decreased by 7.5% to 92.5% compared to the same period last year[9] - The total rental income from leased properties was RMB 366,213,921, with a significant contribution from the Beijing International Trade Center[10] Expense and Income Changes - Sales expenses increased by 145.68%, from RMB 5,570,576 to RMB 13,685,892, mainly due to increased advertising and commission expenses[14] - Other income increased by 174.27%, from RMB 815,799 to RMB 2,237,527, primarily due to increased government grants received[14] - Cash paid for purchasing goods and services increased by 82.51%, from RMB 73,784,567 to RMB 134,666,613, mainly due to the impact of COVID-19 on the previous year's hotel business[14] - Cash paid for acquiring fixed assets and other long-term assets decreased by 30.71%, from RMB 82,969,929 to RMB 57,493,974, mainly due to reduced investment in engineering renovation projects[14] Shareholder Information - The company reported a total of 15,149 shareholders as of the end of the reporting period[11]

Financial Performance - The company's operating revenue for 2020 was 3,530.15 million RMB, a decrease of 12.25% compared to 2019[4] - The net profit attributable to shareholders for 2020 was 972.43 million RMB, down 15.12% from the previous year[4] - The basic earnings per share for 2020 was 0.97 RMB, reflecting a decline of 15.12% compared to 2019[5] - The total revenue for 2020 was RMB 3,097,760,404, a decrease of 12.25% compared to RMB 3,530,148,817 in the previous year[48] - The total profit for the company was RMB 1.11 billion, down by RMB 200 million or 15.1% year-on-year[45] - The net cash flow from operating activities was RMB 1,406,522,534, down 8.50% from RMB 1,537,171,961 in 2019[27] - The company achieved operating revenue of RMB 3.1 billion in 2020, a decrease of RMB 430 million or 12.2% compared to the previous year[45] - The company reported a significant decrease in hotel revenue, which fell to RMB 335,921,834, down 49.5% from RMB 665,733,050 in the previous year[48] Assets and Liabilities - The total assets as of December 31, 2020, were 1,209.01 million RMB, an increase from 1,180.24 million RMB in 2019[12] - The company's current assets amounted to 238.33 million RMB, while current liabilities were 143.04 million RMB as of December 31, 2020[12] - The company reported a long-term debt of 264.40 million RMB as of December 31, 2020, slightly down from 266.30 million RMB in 2019[12] - Cash and cash equivalents increased by 53.11% to RMB 1,855,979,325, compared to RMB 1,212,157,743 at the end of the previous year[56] - The total financing balance at the end of the reporting period was RMB 2.655 billion, with an average financing cost of 4.22%[64] Dividends and Shareholder Returns - The cash dividend proposed is 4.00 RMB per 10 shares, totaling 402.91 million RMB, which represents 48.8% of the net profit attributable to shareholders[2] - The company has a cash dividend policy that mandates a minimum of 30% of net profit to be distributed to shareholders, ensuring stable returns[81] - For 2020, the cash dividend per 10 shares increased to 4.00 RMB, with a net profit attributable to ordinary shareholders of 825,426,303 RMB, representing 48.81% of the net profit[84] Market and Industry Insights - The company operates in the real estate industry, focusing on the management and leasing of commercial properties, including office buildings and hotels[32] - The hotel sector was severely impacted by the pandemic, with a significant reduction in revenue due to decreased foot traffic and business opportunities[44] - The Beijing office market is anticipated to face significant pressure due to a large influx of new supply, particularly in the CBD area[70] - The commercial property market in Beijing is expected to see limited new supply, with a focus on brand transformation and upgrades[70] Management and Operations - The company has a stable and experienced management team, providing high-quality services to domestic and international clients[36] - The company is enhancing its competitive position by leveraging its location, brand, and management advantages[43] - The company implemented flexible sales strategies and innovative products to attract and retain customers during the pandemic[44] - The company is focusing on innovative product and service offerings to improve hotel room, dining, and event promotion[77] Future Outlook and Strategic Plans - The company expects to achieve operating revenue of RMB 3.52 billion in 2021, with a profit total of RMB 1.17 billion, reflecting an increase from 2020 due to higher rental income and hotel revenue[76] - The company plans to maintain daily operating funds and tax expenditures at approximately RMB 2.01 billion, with total funding needs estimated at RMB 2.26 billion for 2021[78] - The company aims to enhance its core competitiveness by attracting more multinational companies and well-known brands to its commercial properties[77] - Future projects include the construction of an integrated transportation hub at the Guomao Station to improve connectivity[43] Corporate Governance and Compliance - The company has engaged PwC Zhongtian as its auditor for 22 years, with an audit fee of 115.9 million RMB for the current year[89] - The company has not faced any major litigation or arbitration matters during the reporting period[91] - The company has not made any changes to its accounting policies or estimates during the reporting period[89] - The company maintained independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance[167] Social Responsibility and Community Engagement - The company plans to donate a total of RMB 4.4 million to the "One Village One Kindergarten" education poverty alleviation project, with RMB 2.2 million already donated[114] - The company has improved educational resources in impoverished areas by investing RMB 260,000 in the "One Village One Kindergarten" project and RMB 450,000 in the "China International Trade Center Primary School" project[117] - The company has maintained long-term partnerships with various organizations to actively participate in social responsibility initiatives, including environmental protection and assistance for the underprivileged[119] Employee and Workforce Management - The company employed a total of 2,078 staff, with 1,183 in the parent company and 895 in major subsidiaries[153] - The total remuneration for the chairman during the reporting period was 390,000 RMB[134] - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 2,145 million[135] - The company has implemented a training program that combines internal and external training to enhance employee skills and improve overall workforce quality[156]