证券代码：600051 证券简称：宁波联合 编号：2023-011 宁波联合集团股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 本次投资者说明会以网络文字互动形式召开，公司将针对 2022 会议召开时间：2023 年 04 月 26 日(星期三)下午 13:00-14:00 会议召开地点： 上海证券交易所上证路演中心（ 网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 年度的经营成果及财务指标的具体情况与投资者进行互动交流和沟 通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 04 月 26 日下午 13:00-14:00 （ 二 ） 会 议 召 开 地 点 ： 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络文字互动 重要内容提示： 投资者 ...

2022 年第三季度报告 证券代码：600051 证券简称：宁波联合 宁波联合集团股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一) 主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | | 年初至报告 期末比上年 | | --- | --- | --- | --- | --- | | | | 期增减变 | 年初至报告期末 | 同期增减变 | | | | 动幅度(%) | | 动幅度(%) | | 营业收入 | 1,074,572,216.98 | 63.70 | 1,957,291,746.16 | 15.5 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥882,719,529.18, a decrease of 14.93% compared to ¥1,037,603,596.30 in the same period last year[20]. - The net profit attributable to shareholders of the listed company increased by 44.94% to ¥85,949,951.32, up from ¥59,301,625.90 in the previous year[20]. - The net cash flow from operating activities was negative at -¥349,247,170.92, compared to -¥275,722,494.64 in the same period last year[20]. - The company's operating revenue for the reporting period was 882.72 million yuan, a decrease of 14.9% year-on-year, primarily due to reduced sales revenue from imported coal by the subsidiary[34]. - Net profit attributable to shareholders of the listed company was 85.95 million yuan, an increase of 44.9% year-on-year, mainly driven by the increase in investment income from the fair value rise of stocks held in other listed companies[34]. - The company's total operating revenue decreased by 14.93% to approximately 882.72 million yuan compared to the previous year[43]. - Operating costs also decreased by 17.31% to approximately 741.41 million yuan, reflecting the reduction in coal sales[43]. - The company's main business profit for the current period is 14,680 million RMB, representing a 10.99% increase from 13,226 million RMB in the same period last year[45]. - Total profit for the current period is 14,073 million RMB, a significant increase from 5,796 million RMB in the same period last year[45]. - The company reported a significant increase in investment income, totaling ¥11,459,812.62, compared to ¥13,627,578.60 in the previous year[124]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,166,404,701.21, reflecting a 0.93% increase from ¥6,109,764,442.81 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 1.76% to ¥3,190,195,580.50 from ¥3,135,135,177.03 at the end of the previous year[21]. - The company's total assets increased slightly by 0.93% to 616,640 million RMB from 610,976 million RMB at the end of the previous year[50]. - The company's total liabilities increased, with short-term borrowings rising by 62.25% to 24,337 million RMB from 15,000 million RMB at the end of the previous year[50]. - The total liabilities decreased to ¥48,138,517.38, down 28.4% from ¥67,275,858.38 year-on-year[120]. - The total equity of the company at the end of the reporting period was CNY 3,123,276,264.96, with a decrease of CNY 131,098,100.86 during the period[141]. Cash Flow - The net cash flow from financing activities increased to approximately 173.72 million yuan, influenced by reduced dividend distributions and previous trade financing repayments[44]. - The cash flow from operating activities showed a net outflow of CNY 349,247,170.92, worsening from a net outflow of CNY 275,722,494.64 in the first half of 2021[131]. - The cash flow from investing activities resulted in a net outflow of CNY 377,998,579.76, compared to a net inflow of CNY 11,644,961.22 in the same period of 2021[132]. - The total cash outflow from financing activities was 31,088,000.00 RMB, compared to 62,176,000.00 in the same period of 2021, indicating a reduction of 50%[135]. Business Operations - The wholesale business achieved an export volume of 94.79 million USD and an import volume of 34.09 million USD, maintaining its status as a comprehensive foreign trade service demonstration enterprise in Zhejiang Province[33]. - The power and heat production and supply business has a total installed capacity of 45 MW and a heating capacity of approximately 400 T/h, covering over 100 heating users[25]. - The real estate business has developed projects in Ningbo, Cangnan, and Longgang, with a focus on traditional residential, cultural tourism, and commercial real estate, facing increasing competition from larger enterprises[26][27]. - The company continues to strengthen internal management and cost control in real estate projects, enhancing its market competitiveness and profitability[32]. - The company is committed to optimizing capacity layout and upgrading power and heat networks to improve operational efficiency and reduce losses[30]. Risk Management - The company has identified major risks that may adversely affect its future development strategies and operational goals, which are detailed in the report[6]. - The company plans to enhance its risk management strategies to address potential policy, environmental, and market risks in its power and real estate sectors[64][66]. - The company aims to optimize its real estate project development and sales strategies to mitigate financial risks associated with market fluctuations and tightening credit policies[66]. - The company is enhancing its foreign exchange risk management to mitigate the impact of RMB fluctuations on its import and export business[68]. Environmental Compliance - The company's subsidiary, the thermal power company, was identified as a key pollutant discharge unit, with actual emissions well below the regulatory limits for dust, nitrogen oxides, and sulfur dioxide[77][79]. - The thermal power company achieved an average emission level of 1.65 mg/m³ for dust, 34.71 mg/m³ for nitrogen oxides, and 8.55 mg/m³ for sulfur dioxide, all within the permissible limits[77]. - The company has implemented pollution control facilities and monitoring systems, ensuring compliance with environmental standards and avoiding penalties for excess emissions[78][79]. - The company has revised its emergency response plan for environmental incidents and conducted drills to enhance preparedness[81]. Shareholder Information - The total number of ordinary shareholders reached 31,231 by the end of the reporting period[104]. - The largest shareholder, Zhejiang Rongsheng Holding Group Co., Ltd., holds 29.08% of the shares, with 60 million shares pledged[105]. - The company did not distribute dividends or increase capital reserves in the first half of 2022, with no shares or cash dividends proposed[75]. - The company distributed dividends totaling 31,088,000.00 RMB during the first half of 2022, which is the same amount as in the previous year[138]. Accounting Policies - The financial statements have been prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations in the next 12 months[152]. - The financial reports comply with the requirements of the enterprise accounting standards, accurately reflecting the company's financial position and operating results[154]. - The company has established specific accounting policies for financial instruments, fixed asset depreciation, and revenue recognition[153]. - The company utilizes the Chinese Yuan (RMB) as its functional currency, except for its wholly-owned subsidiary in Hong Kong, which uses the Hong Kong Dollar[157].

2022 年第一季度报告 证券代码：600051 证券简称：宁波联合 宁波联合集团股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | | | | 变动幅度(%) | | | 营业收入 | 385,887,273.60 | | -24.33 | | 归属于上市公司股东的净利润 | -5,566,952.43 | | -120.24 | | 归属于上市公司股东的扣除非经常 | -435,599.51 ...

Financial Performance - In 2021, the company achieved a net profit of CNY 209,168,988.69, with a proposed cash dividend of CNY 1.00 per share, totaling CNY 31,088,000.00[5] - The company's operating revenue for 2021 was CNY 3,725,851,908.30, representing a decrease of 24.17% compared to CNY 4,913,513,656.20 in 2020[21] - The net profit attributable to shareholders decreased by 27.45% to CNY 249,417,453.28 from CNY 343,776,828.57 in the previous year[21] - The net cash flow from operating activities was negative at CNY -222,534,817.09, a decline of 211.81% compared to CNY 199,024,830.88 in 2020[22] - The total assets decreased by 13.30% to CNY 6,109,764,442.81 from CNY 7,047,050,098.31 in 2020[22] - Basic earnings per share fell by 27.93% to CNY 0.80 from CNY 1.11 in 2020[23] - The weighted average return on net assets decreased by 4.08 percentage points to 8.21% from 12.29% in 2020[23] Revenue and Cost Analysis - The company's total operating revenue for the year reached 3.726 billion RMB, achieving 104.5% of the annual operating plan[32] - The total operating cost was 3.013 billion RMB, completing 109.7% of the annual plan, primarily due to unexpected coal price increases[32] - The company's total revenue for the reporting period was CNY 372.585 million, a decrease of 24.2% compared to the previous year, primarily due to reduced sales from the subsidiary Liangzhu Company[51] - The company's operating costs were CNY 301.257 million, with an operating cost rate of 80.86%, which increased by 7.35 percentage points compared to the previous year[54] - The real estate sector's revenue was CNY 168.206 million, down 38.72% year-on-year, with a gross margin of 30.01%[56] - The wholesale business generated revenue of CNY 112.999 million, a decrease of 25.54% year-on-year, with a gross margin of 7.26%[56] Business Segments Performance - The electricity and heat production and supply business generated an operating income of 581.15 million RMB, a 32.1% increase year-on-year, with a net profit of 75.93 million RMB, up 22.8%[33] - The real estate business reported a revenue of 1.741 billion RMB, a decrease of 37.5% compared to the previous year, mainly due to reduced sales from the subsidiary Liangzhu[34] - The main business revenue of the import and export company decreased by 25.5% compared to the previous year, but net profit increased by 34.1% due to fluctuations in coal prices[37] Asset Management - The company's net assets attributable to shareholders increased by 6.30% to CNY 3,135,135,177.03 compared to CNY 2,949,320,908.84 in 2020[22] - The company's trading financial assets decreased by 79.54 million RMB during the year, impacting profits by 86.76 million RMB[29] - The company's monetary funds decreased by 5.27% to 174,500 million, compared to 184,209 million at the end of the previous period[64] - The company's investment properties increased by 33.80% to 104,314 million, up from 77,964 million year-on-year[65] - The company's long-term borrowings increased significantly by 1,970.90% to 20,564 million from 993 million in the previous period[67] Strategic Initiatives - The company plans to retain the remaining undistributed profits of CNY 1,392,785,821.76 for future distribution[5] - The company plans to optimize its marketing strategies and adjust sales rhythms to reduce inventory and enhance competitiveness in the real estate sector[39] - The company aims to enhance its comprehensive competitive ability in the real estate sector amid tightening market regulations and increased competition[100] - The company plans to diversify its real estate development from traditional residential projects to include cultural tourism and specialty commercial real estate, enhancing its investment and operational capabilities[113] Environmental Compliance - The company’s subsidiary, the thermal power company, has maintained pollutant emissions below the set limits, with actual emissions of 1.65 mg/m³ for particulate matter, 35.1 mg/m³ for nitrogen oxides, and 6.77 mg/m³ for sulfur dioxide[164] - The total actual emissions for the reporting period were 4.44 tons of particulate matter, 97.3 tons of nitrogen oxides, and 19.41 tons of sulfur dioxide, all within the permitted limits[164] - The company has completed the environmental impact assessment and acceptance work for the high-temperature and high-pressure upgrade project of its 7 furnace and 6 machine[166] Governance and Management - The company has established a performance evaluation and incentive mechanism for senior management, ensuring transparency and compliance with legal regulations[118] - The company has developed a robust investor relations management system to enhance communication with stakeholders and ensure equal access to information[119] - The company has a diverse board with members holding various significant positions in other organizations, enhancing its governance structure[126] - The company has established specialized committees under the board, including audit, nomination, compensation, and strategy committees[138] Shareholder Relations - The company has a clear and transparent cash dividend policy, ensuring that minority shareholders have opportunities to express their opinions[154] - The total number of ordinary shareholders at the end of the reporting period was 29,381, down from 36,336 at the end of the previous month[197] - The largest shareholder, Zhejiang Rongsheng Holding Group Co., Ltd., held 90,417,600 shares, accounting for 29.08% of the total shares[199] Future Outlook - The company plans to achieve a power generation target of 28,000 million kWh and a sales volume of 32,000 million kWh in 2022[107] - The company aims to stabilize its existing market while actively seeking to expand its user base[111] - The company will continue to implement technical upgrades to ensure the advancement of its power and heat production technologies[111]

证券代码：600051 股票简称：宁波联合 编号：临 2021-031 宁波联合集团股份有限公司 关于参加"宁波辖区 2021 年度上市公司投资者 网上集体接待日活动"的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完 整性承担个别及连带责任。 为进一步加强与广大投资者的沟通交流，宁波联合集团股份有限公司（以 下简称"公司"）将参加"宁波辖区 2021 年度上市公司投资者网上集体接待日 活动"，现将有关事项公告如下： 本次集体接待日活动将采取网络远程的方式举行，投资者可以登录"全景 路演天下"（https://rs.p5w.net/）参与本次投资者集体接待日活动。活动时 间为 2021 年 11 月 18 日 15:00 至 17:00。届时，公司高管人员将通过网络在线 交流形式，就公司治理、发展战略、经营状况、可持续发展等投资者关心的问 题进行沟通与交流。欢迎广大投资者积极参与。 特此公告。 宁波联合集团股份有限公司董事会 二〇二一年十一月十二日 ...

Financial Performance - The company's operating revenue for Q3 2021 was CNY 656,436,616.70, a decrease of 52.76% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was CNY 60,560,115.27, an increase of 90.77% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 30,542,750.98, a decrease of 23.47% compared to the same period last year[5]. - The basic earnings per share for Q3 2021 was CNY 0.195, reflecting a 90.77% increase year-on-year[6]. - Total operating revenue for the first three quarters of 2021 was CNY 1,694,040,213, a decrease from CNY 3,438,933,021.89 in the same period of 2020[20]. - Net profit for the first three quarters of 2021 was CNY 94,415,538.45, compared to CNY 426,107,130.49 in the same period of 2020[21]. - Earnings attributable to shareholders of the parent company for the first three quarters of 2021 were CNY 119,861,741.17, down from CNY 343,363,417.70 in 2020[21]. - The company reported a total comprehensive income of CNY 93,076,338.11 for the first three quarters of 2021, compared to CNY 426,089,356.06 in the same period of 2020[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,980,523,767.23, a decrease of 0.94% from the end of the previous year[6]. - As of September 30, 2021, the total assets of the company amounted to ¥6,980,523,767.23, a decrease from ¥7,047,050,098.31 at the end of 2020, reflecting a decline of approximately 0.94%[16]. - The company's current assets totaled ¥5,081,968,426.68, down from ¥5,281,455,855.57, indicating a decrease of about 3.78%[15]. - Total liabilities as of the end of the third quarter of 2021 amounted to CNY 3,798,556,006.99, slightly up from CNY 3,792,675,732.49 at the end of 2020[22]. - Total liabilities amounted to approximately $3.79 billion, a slight decrease from $3.81 billion in the previous period, reflecting a change of $13.94 million[31]. - Total non-current liabilities were approximately $165.92 million, down from $179.86 million[31]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -346,941,651.88, indicating a decline of 151.33%[6]. - The net cash flow from operating activities for the first three quarters of 2021 was -346,941,651.88 RMB, a significant decrease compared to 675,950,627.19 RMB in the same period of 2020[25]. - Total cash inflow from operating activities was 2,721,015,307.68 RMB, down 42% from 4,696,260,256.83 RMB year-on-year[25]. - Cash outflow from operating activities totaled 3,067,956,959.56 RMB, a decrease of 24% compared to 4,020,309,629.64 RMB in the previous year[25]. - The net cash flow from investment activities was 76,431,687.36 RMB, a turnaround from -41,139,261.16 RMB in the same period of 2020[26]. - Cash inflow from financing activities was 527,960,262.26 RMB, down 16% from 630,009,283.66 RMB year-on-year[26]. - The ending balance of cash and cash equivalents was 1,457,536,745.03 RMB, down from 2,271,995,253.27 RMB at the end of the same period in 2020[26]. Shareholder Information - The company reported a total of 90,417,600 shares held by its largest shareholder, Zhejiang Rongsheng Holdings Group Co., Ltd.[13]. - Total equity attributable to shareholders of the parent company was CNY 3,005,667,449.67, an increase from CNY 2,949,320,908.84 in the previous year[22]. Strategic Focus - The company plans to focus on market expansion and new product development in the upcoming quarters to enhance revenue growth[24]. Changes in Accounting Standards - The company has implemented new leasing standards starting from 2021, affecting the financial statements[28]. - The company adopted a new leasing standard, resulting in an increase in both "lease liabilities" and "right-of-use assets"[31].

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥1.04 billion, a decrease of 49.37% compared to ¥2.05 billion in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥59.30 million, down 80.97% from ¥311.62 million in the previous year[20]. - The basic earnings per share for the first half of 2021 was ¥0.191, a decline of 80.94% compared to ¥1.002 in the same period last year[22]. - The net cash flow from operating activities was negative at approximately -¥275.72 million, a decrease of 148.51% compared to ¥568.34 million in the previous year[21]. - The total assets at the end of the reporting period were approximately ¥6.97 billion, a decrease of 1.05% from ¥7.05 billion at the end of the previous year[21]. - The weighted average return on equity for the first half of 2021 was 2.00%, down 9.12 percentage points from 11.12% in the same period last year[22]. - The company reported non-recurring gains and losses totaling approximately ¥3.65 million for the reporting period[22]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥2.95 billion, a slight decrease of 0.14% from ¥2.95 billion at the end of the previous year[21]. - The company did not distribute profits or increase capital reserves during the reporting period[4]. Real Estate Sector - The real estate business includes traditional residential, cultural tourism, and commercial properties, with significant developments in Ningbo, Cangnan, and Longgang[26]. - The company has maintained a good sales recovery in the real estate sector, with most of its properties entering the final sales phase, resulting in a stable cash flow[27]. - The real estate market is experiencing a cooling trend due to regulatory measures, but the company is strategically managing its construction cycles and sales[27]. - The company's real estate business achieved sales revenue of 138 million yuan, a decrease of 86.8% compared to the same period last year, primarily due to reduced sales from its subsidiary Liang Zhu[41]. - The total construction area for the reporting period was 480,000 square meters, with 70,000 square meters newly started in the Cangnan project[41]. - The company is actively promoting the sales of remaining units in its real estate projects, with significant progress in various developments, including the Tianhe Garden and Wucheng Peninsula projects[42]. - The company has strengthened internal management across various real estate projects, enhancing control over cost management and construction quality[33]. Power and Heat Supply - The company's power and heat production capacity is 45MW, with a heating capacity of approximately 400T/h, serving over 100 users in the Ningbo Economic and Technological Development Zone[24]. - The company has a competitive advantage in the power and heat supply sector due to its monopolistic position and years of operational experience in the Ningbo area[32]. - The company has completed environmental upgrades on its equipment, significantly improving economic efficiency and environmental compliance in power and heat supply[32]. - The company's power generation subsidiary completed an electricity generation of 175.02 million kWh, an increase of 27.3% year-on-year, and achieved a net profit of 33.83 million yuan, an increase of 56.3%[39]. Wholesale and Service Sector - The wholesale business faced challenges due to the global pandemic, including rising raw material prices and high shipping costs, but the company managed to stabilize its client base and expand into new markets[29]. - The service sector showed improvement compared to the previous year, adapting to market changes and enhancing internal management to mitigate the pandemic's impact[31]. - In the service sector, the company is focused on improving service quality and expanding market share amidst intense competition in the accommodation and catering industries[70]. - The company is committed to ensuring food safety by strictly controlling the quality of ingredients and training kitchen staff on food safety knowledge[70]. Risk Management - The company has identified significant risks that may adversely affect its future development strategies and operational goals[7]. - The company faced risks related to policy changes in the real estate market, which could impact its operational management and future development[68]. - The company will continue to monitor macroeconomic policies and regional industrial dynamics to mitigate policy risks[66]. - The company aims to control the impact of various risks on future operating performance through cost control and technological upgrades[67]. - The company faces operational risks in its wholesale business due to the ongoing COVID-19 pandemic and significant raw material price increases, which may impact import and export operations[69]. - The company aims to enhance its foreign exchange risk management by improving its management system and training professionals to mitigate the impact of RMB exchange rate fluctuations on its business performance[69]. Environmental Compliance - The company reported actual emissions of 2.32 tons of particulate matter, 52.01 tons of nitrogen oxides, and 7.31 tons of sulfur dioxide, all within the regulatory limits for the reporting period[80]. - The company has established a pollution discharge standard for its subsidiary, which includes specific limits for particulate matter, nitrogen oxides, and sulfur dioxide emissions[79]. - The fully-owned subsidiary, Thermal Power Company, has completed the construction of pollution control facilities and monitoring systems, achieving real-time online monitoring of pollutant emissions[81]. - The company’s air pollutant emission concentration values are below the standards set by the "Emission Standards for Air Pollutants from Coal-Fired Power Plants" (DB33/2147-2018), with no penalties for exceeding emission limits during the reporting period[81]. - Continuous self-monitoring of environmental discharge indicators has been conducted, with third-party verification ensuring compliance with emission standards[84]. Financial Position - The company's total assets amounted to 6,973.21 million RMB, a decrease of 1.05% from the previous year[50]. - The cash and cash equivalents decreased by 18.99% to 1,492.20 million RMB, representing 21.40% of total assets[49]. - The company reported a significant increase in prepayments by 86.47% to 292.37 million RMB, attributed to increased procurement payments[49]. - The total liabilities reached CNY 3,849,934,982.22, compared to CNY 3,792,675,732.49, showing an increase of approximately 1.5%[109]. - The company's total equity at the end of the first half of 2021 was 3,123,276,264.96 RMB, reflecting a decrease from the previous period due to comprehensive losses[133]. Investment and Subsidiaries - The company established a new subsidiary, Wenzhou Hezhao Hotel Holdings Co., Ltd., with a registered capital of RMB 5 million, where the construction development company contributed RMB 1.75 million, accounting for 35%[94]. - The registered capital of the wholly-owned subsidiary, Ningbo Liangzhu Cultural Industry Park Development Co., Ltd., has been reduced from 500 million RMB to 200 million RMB, with the reduction completed as of the report date[93]. - The company includes 23 subsidiaries in its consolidated financial statements, enhancing its operational scope[141]. Accounting Policies - The financial reports comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[145]. - The company adheres to specific accounting policies for financial instruments, fixed asset depreciation, and revenue recognition[144]. - The company uses RMB as its functional currency, except for its wholly-owned subsidiary in Hong Kong, which uses HKD[148].

Financial Performance - Operating revenue fell by 63.24% to CNY 509,971,529.46 year-on-year[6] - Net profit attributable to shareholders decreased by 90.30% to CNY 27,508,235.81 compared to the same period last year[6] - Basic earnings per share dropped by 90.11% to CNY 0.09[6] - Revenue decreased primarily due to a reduction in sales from the wholly-owned subsidiary Ningbo Liangzhu Cultural Industry Park Development Co., Ltd.[17] - Operating costs decreased by 44.61% to CNY 444,970,700.94, reflecting the decline in sales revenue from the same subsidiary[17] - The forecast for cumulative net profit attributable to shareholders for the year is expected to decrease by 70% to 90% compared to the same period last year[23] - Financial expenses decreased by 78.20% to CNY 1,692,199.20, primarily due to reduced borrowings[18] - Tax expenses decreased by 67.05% to CNY 6,985,848.99, corresponding to the decline in taxable income from reduced sales[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 239,682,427.16, a decrease of 343.61% year-on-year[6] - The net cash flow from operating activities significantly declined by CNY 338,070,588.23, resulting in a negative cash flow of CNY -239,682,427.16[21] - The company reported a cash flow from operating activities of CNY -239,682,427.16 in Q1 2021, a decrease from CNY 98,388,161.07 in Q1 2020[45] - The company experienced a net cash flow from financing activities of -23,975,659.05 RMB, compared to -171,694,115.34 RMB in the previous year[46] - The cash flow from sales of goods and services was 5,237,086.17 RMB, a decrease from 25,519,648.96 RMB in the same quarter last year[48] Assets and Liabilities - Total assets decreased by 2.02% to CNY 6,904,981,176.49 compared to the end of the previous year[6] - Accounts receivable decreased by 42.07% to CNY 102,792,153.53 compared to the end of the previous year[16] - Prepayments increased by 98.95% to CNY 311,936,843.45 compared to the end of the previous year[16] - Long-term borrowings increased by 91.42% to CNY 19,011,567.38 compared to the end of the previous year[16] - The total liabilities decreased to CNY 3,636,908,977.83 from CNY 3,792,675,732.49, indicating a reduction in financial obligations[29] - Total liabilities amounted to approximately ¥3.79 billion, with current liabilities totaling ¥3.63 billion[53] - The company’s total liabilities and equity combined were approximately ¥2.45 billion, reflecting a stable financial position[58] Shareholder Information - The total number of shareholders reached 35,505[11] Other Income and Expenses - Other income increased significantly by 631.44% to CNY 312,837.96, driven by compensation received from clients and donations[18] - The company incurred credit impairment losses of CNY 633,764.17 in Q1 2021, compared to CNY 682,035.85 in Q1 2020[39] - The company recorded a significant increase in management expenses to CNY 5,987,799.03 in Q1 2021 from CNY 4,265,391.95 in Q1 2020[41]

Financial Performance - The company achieved a net profit of CNY 105,975,310.92 for the year 2020, with a proposed cash dividend of CNY 2.00 per share, totaling CNY 62,176,000.00[5] - Total operating revenue for 2020 was CNY 4,913,513,656.20, representing a year-on-year increase of 26.83% compared to CNY 3,874,245,058.41 in 2019[22] - The net profit attributable to shareholders of the listed company was CNY 343,776,828.57, an increase of 7.43% from CNY 320,008,884.84 in the previous year[22] - Basic earnings per share for 2020 were CNY 1.11, up 7.77% from CNY 1.03 in 2019[23] - The company’s weighted average return on net assets was 12.29%, a slight decrease of 0.43 percentage points from 12.72% in the previous year[23] - The company reported a decrease in accommodation revenue to 24.08 million RMB, down 20.1% year-on-year, primarily due to the impact of COVID-19[59] - The company achieved operating revenue of 491,351 million RMB, an increase of 26.8% compared to the previous year[60] - Net profit attributable to shareholders was 34,378 million RMB, reflecting a 7.4% year-on-year increase[60] - The operating profit increased significantly by 138.4% to 76,654 million RMB, driven by the completion and delivery of projects by subsidiaries[60] Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY 199,024,830.88, a significant decrease of 87.62% compared to CNY 1,607,201,881.00 in 2019[22] - As of the end of 2020, the total assets amounted to CNY 7,047,050,098.31, a decrease of 11.35% from CNY 7,949,547,509.77 at the end of 2019[22] - Total inventory decreased by 18.43% to CNY 268,126,000, while cash and cash equivalents fell by 10.60% to CNY 184,209,000[40] - The total amount of trading financial assets was approximately ¥190.92 million, reflecting a decrease in fair value measurement[29] - The company’s total assets for Wenzhou Union Company were reported at RMB 3,097,750, while total assets for the thermal power subsidiary were RMB 755,690[105] Business Operations and Market Performance - The company’s power generation capacity is 45MW, with a heating capacity of approximately 400T/h, serving over 100 heat users in the Ningbo Economic and Technological Development Zone[30] - The real estate business saw a gradual recovery in sales, with overall sales performance meeting expectations despite initial pandemic impacts[34] - The wholesale business faced challenges due to the pandemic, but the company maintained stability by leveraging brand and service advantages to support existing clients[36] - The company plans to enhance its market position by optimizing marketing strategies and adjusting sales rhythms to reduce inventory in the real estate sector[34] - The company aims to explore new market potentials and deepen the construction of its electricity sales business to foster new growth points[31] - The company’s electricity and heat production business reported a total electricity generation of 272.64 million kWh, a decrease of 14.8% year-on-year, attributed to reduced demand from industrial users due to the pandemic[53] Regulatory and Compliance Issues - The company faced regulatory challenges regarding its asset purchase plan, with the China Securities Regulatory Commission rejecting its application in May 2020[147] - The company has established a comprehensive information disclosure management system to ensure accurate and timely information dissemination to all shareholders[190] - The company has implemented a real-time monitoring system for pollutant emissions, which is connected to the environmental monitoring system[153] - The company has revised its emergency response plan for environmental incidents and has conducted drills to enhance response capabilities[155] Shareholder and Governance Information - The total number of ordinary shareholders increased from 35,505 to 37,245 during the reporting period[161] - The company’s controlling shareholder is Zhejiang Rongsheng Holding Group Co., Ltd., which has significant influence over the company[176] - The management team includes experienced professionals with backgrounds in finance, law, and engineering, enhancing the company's governance and operational capabilities[174] - The company has established a performance-based salary distribution principle, linking employee income to job responsibilities and performance evaluations[183] Future Plans and Strategies - The company plans to retain the remaining undistributed profits of CNY 1,235,621,731.94 for future distribution[5] - The company plans to achieve a power generation volume of 356 million kWh, electricity sales of 300 million kWh, and heat sales of 1.8 million tons in 2021[114] - The company aims to optimize its traditional import and export business while exploring new foreign trade models to enhance competitiveness and profitability[116] - The company plans to develop a tourism resort with a construction area of approximately 20,000 square meters in the Cangnan area, expected to open in 2021[116]