Financial Performance - Operating revenue for Q1 2021 was CNY 483,250,330.96, a 37.06% increase year-on-year [14]. - Net profit attributable to shareholders increased by 40.03% to CNY 124,209,476.93 compared to the same period last year [7]. - The company's net profit for Q1 2021 was CNY 111,824,101.90, compared to CNY 6,742,788.07 in Q1 2020, indicating a significant increase [39]. - Total operating revenue for Q1 2021 was CNY 483,250,330.96, an increase of 37.1% compared to CNY 352,585,276.67 in Q1 2020 [34]. - Net profit for Q1 2021 reached CNY 124,118,838.76, a 40.0% increase from CNY 88,728,505.92 in Q1 2020 [35]. - Earnings per share for Q1 2021 were CNY 0.1774, compared to CNY 0.1267 in Q1 2020, reflecting a 40.0% increase [36]. - The company reported a total comprehensive income of CNY 111,824,101.90 for Q1 2021, compared to CNY 6,742,788.07 in Q1 2020 [40]. Assets and Liabilities - Total assets increased by 2.26% to CNY 8,043,254,386.85 compared to the end of the previous year [7]. - As of March 31, 2021, total current assets amounted to RMB 7,123,302,720.51, an increase from RMB 6,905,772,344.25 as of December 31, 2020 [24]. - The company's cash and cash equivalents decreased to RMB 1,773,657,624.41 from RMB 2,051,367,978.58 as of December 31, 2020 [24]. - Inventory increased to RMB 4,502,870,389.16 from RMB 4,062,771,070.58 as of December 31, 2020 [24]. - Total liabilities as of March 31, 2021, were RMB 4,760,748,805.87, compared to RMB 4,707,209,519.69 as of December 31, 2020 [26]. - Total assets as of Q1 2021 amounted to CNY 3,815,895,373.06, up from CNY 3,724,684,041.07 in the previous year [32]. - Total liabilities for Q1 2021 were CNY 602,811,160.67, a decrease of 3.0% from CNY 623,870,609.34 in Q1 2020 [31]. - Total equity increased to CNY 3,213,084,212.39 in Q1 2021, compared to CNY 3,100,813,431.73 in Q1 2020, marking a growth of 3.6% [31]. Cash Flow - The cash flow from operating activities showed a significant decline of 1004.61% to -CNY 300,817,987.58 [16]. - Operating cash flow for Q1 2021 was negative at CNY -300,817,987.58, a decline from a positive CNY 33,253,752.54 in Q1 2020 [42]. - The company incurred cash outflows of CNY 884,177,616.38 for operating activities in Q1 2021, compared to CNY 534,989,872.37 in Q1 2020, representing an increase of about 65% [42]. - The cash and cash equivalents at the end of Q1 2021 were CNY 1,763,657,624.41, down from CNY 2,759,740,453.80 at the end of Q1 2020, a decrease of about 36% [43]. - Investment activities generated a net cash inflow of CNY 39,341,819.28 in Q1 2021, compared to CNY 33,475,000.00 in Q1 2020, showing a growth of approximately 17.5% [42]. Tax and Expenses - The company reported a 179.15% increase in taxes and surcharges to CNY 78,176,385.19 due to different product transfers [14]. - Tax expenses for Q1 2021 were CNY 40,657,323.48, compared to CNY 27,341,141.38 in Q1 2020, reflecting an increase of 48.8% [35]. - The company paid CNY 119,313,371.04 in taxes during Q1 2021, compared to CNY 56,728,449.79 in Q1 2020, indicating an increase of approximately 110% [42]. Real Estate Performance - Real estate project signed sales area reached 45,000 square meters, a year-on-year increase of 96.47% [17]. - Real estate project signed sales amount was CNY 575.91 million, up 71.90% year-on-year [17]. Shareholder Information - As of March 31, 2021, Zhejiang Wolong Real Estate Group Co., Ltd. has pledged 116,000,000 unrestricted circulating shares, accounting for 16.54% of the total share capital [19]. - The company agreed to sell a 3% stake in Guangzhou Junhai Network Technology Co., Ltd. for RMB 53.5187 million, completed on February 8, 2021 [19]. - Zhejiang Longsheng Group Co., Ltd. increased its shareholding by 631,500 shares from January 1 to March 31, 2021, representing 0.09% of the total shares, totaling 97,595,278 shares or 13.92% of the total [19].

Financial Performance - The company's operating revenue for 2020 was CNY 2,281,298,897.23, an increase of 18.77% compared to CNY 1,920,775,403.43 in 2019[20] - The net profit attributable to shareholders of the listed company was CNY 484,277,881.13, a decrease of 5.13% from CNY 510,458,617.30 in the previous year[20] - The basic earnings per share for 2020 were CNY 0.6917, down 5.21% from CNY 0.7297 in 2019[21] - The weighted average return on net assets decreased by 3.79 percentage points to 16.30% in 2020 from 20.09% in 2019[21] - The company reported a total net profit of 279.39 million RMB in Q4 2020, with a quarterly revenue of 1.334 billion RMB[9] - The company achieved a signed sales area of 162,700 square meters and a signed sales amount of 2.121 billion RMB in 2020, with cash recovery of 2.109 billion RMB[36] - The company reported a net profit margin of approximately 21.2% for 2020, down from 26.6% in 2019[182] - The company's total comprehensive income for 2020 was ¥484,375,305.77, a decrease of 5.1% from ¥510,606,010.90 in 2019[183] Cash Flow - The net cash flow from operating activities was negative CNY 93,060,728.48, a decline of 105.66% compared to CNY 1,642,740,712.18 in 2019[20] - The company experienced a significant cash flow from operating activities in Q3 2020, amounting to 333.31 million RMB, despite a negative cash flow in Q2[9] - Cash flow from operating activities showed a significant decline of 105.66%, resulting in a net outflow of -¥93,060,728.48, attributed to decreased sales receipts and large land payments[49] - The net cash flow from investing activities was -469,295,280.28 RMB in 2020, a decline from 38,739,706.01 RMB in 2019, indicating a decrease of about 1,314.5%[190] - The net cash flow from financing activities was -105,521,886.60 RMB in 2020, an improvement from -501,531,742.70 RMB in 2019, showing a reduction of about 78.9%[190] Assets and Liabilities - The total assets at the end of 2020 were CNY 7,865,149,583.15, representing a 2.25% increase from CNY 7,692,091,131.54 at the end of 2019[20] - The total liabilities amounted to RMB 4,765,000,000.00, with a notable increase in contract liabilities to RMB 2,909,117,866.47, indicating a focus on future revenue recognition[173] - Total liabilities decreased from CNY 4,928,590,076.00 in 2019 to CNY 4,707,209,519.69 in 2020, a reduction of approximately 4.5%[175] - The total equity attributable to shareholders increased from CNY 2,762,208,257.52 in 2019 to CNY 3,156,549,840.80 in 2020, representing a growth of about 14.2%[175] Investments and Projects - The company acquired a land parcel in Wuhan for 927.7 million RMB, adding a planned construction area of 102,300 square meters[38] - The company has initiated new construction projects, including the Nifu Electric project, with a total investment of ¥120,000 million[50] - The company’s long-term equity investment impairment loss was approximately 1,030.32 million yuan for its investment in Guangzhou Junhai Network Technology Co., Ltd.[163] Shareholder Information - The total number of ordinary shares decreased from 701,118,244 to 700,989,244 due to share changes[108] - Zhejiang Longsheng increased its shareholding in the company by acquiring 35,055,870 shares, representing 5.00% of the total share capital, with an investment amount of RMB 177.54 million[99] - The company plans to continue increasing its shareholding by an additional 3% to 5% within the next 12 months[99] Corporate Governance - The company held 1 annual and 1 extraordinary shareholders' meeting during the reporting period, ensuring compliance with legal procedures to protect shareholder rights[146] - The board of directors convened 10 meetings, with full attendance, and established four specialized committees to support decision-making[146] - The supervisory board held 7 meetings, ensuring independent oversight of financial conditions and major decisions to protect shareholder interests[147] Risk Management - A robust risk control system is in place, addressing various risks including policy, management, operational, market competition, and financial risks[149] - The company is committed to evaluating its ability to continue as a going concern, with no significant uncertainties reported that would impact its operations[167] Compliance and Audit - The internal control audit report issued by the accounting firm was a standard unqualified opinion, indicating no significant deficiencies in internal control[155] - The audit report confirmed that there were no significant misstatements identified in the financial statements, ensuring the reliability of the reported figures[166] Employee Information - The company has a total of 228 employees, with 29 in the parent company and 199 in major subsidiaries[140] - The professional composition includes 39 sales personnel, 45 technical personnel, 23 financial personnel, and 121 administrative personnel[140] Future Outlook - The company expects an annual operating income of 2.645 billion yuan and operating costs of 2.038 billion yuan for 2021[65] - The company plans to enhance its market expansion strategies, focusing on new product development and technological advancements in the upcoming fiscal year[198]

卧龙地产集团股份有限公司 关于举行投资者接待日活动的通知 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。 股票代码：600173 股票简称：卧龙地产 公告编号：临 2021-010 根据中国证券监督管理委员会浙江监管局下发的《浙江辖区上市公司投资者 接待日工作指引》的要求，为进一步提高公司治理水平，加强投资者关系管理， 增进公司与广大投资者的沟通与交流，体现公司进一步服务投资者、回报投资者 的责任心，公司定于 2021 年 4 月 28 日下午举行投资者接待日活动。现将有关事 项公告如下： 4、参加人员：公司总经理王希全先生、财务总监兼董事会秘书马亚军先生。 届时将针对经营情况、公司治理、下一步可持续发展等投资者关心的问题与 广大投资者进行现场交流和沟通，同时广泛听取投资者的意见和建议。 为了更好得安排本次活动，请有意参与本次活动的投资者提前与公司董事会 办公室工作人员预约. 1、活动时间：2021 年 4 月 28 日下午 15:30—17:00 2、活动地点：浙江省绍兴市上虞区人民西路 1801 号 3、召开方式：现 ...

Financial Performance - Net profit attributable to shareholders decreased by 37.32% to CNY 204,884,322.51 for the first nine months of the year[7]. - Operating revenue for the first nine months fell by 24.56% to CNY 947,685,872.00 compared to the same period last year[7]. - Basic earnings per share dropped by 36.44% to CNY 0.2927[7]. - The weighted average return on equity decreased by 6.05 percentage points to 7.24%[7]. - The company reported a significant decrease in tax and additional fees by 71.84% to CNY 50,613,633.04 due to reduced revenue[14]. - Investment income turned negative with a loss of CNY 31,924,777.29, primarily due to losses from Junhai Network[15]. - The company reported a decrease in inventory levels, maintaining CNY 1,385,280.00 as of September 30, 2020, consistent with the previous year[29]. - The total profit for Q3 2020 was CNY -13,564,707.31, compared to CNY 383,870,104.72 in Q3 2019, highlighting a drastic decline in profitability[40]. - The total comprehensive income for Q3 2020 was -13,564,707.31 RMB, compared to 383,870,104.72 RMB in the same period of 2019, indicating a significant decline[41]. Cash Flow and Liquidity - Cash flow from operating activities decreased by 89.98% to CNY 179,057,358.71 for the first nine months[7]. - The net cash flow from operating activities decreased by 89.98%, amounting to ¥179,057,358.71 compared to ¥1,787,737,567.76 in the previous period, primarily due to property sales receipts[16]. - Cash inflows from operating activities for the first three quarters of 2020 amounted to 1,847,857,284.77 RMB, down 37.4% from 2,950,785,623.51 RMB in the previous year[43]. - The company reported a cash outflow from financing activities of 105,192,503.89 RMB, compared to an outflow of 501,581,951.28 RMB in the same period of 2019, indicating improved cash management[44]. - The total cash and cash equivalents at the end of Q3 2020 amounted to ¥540,285,004.46, a decrease of ¥113,951,526.12 compared to the previous period[47]. Assets and Liabilities - Total assets increased by 5.82% to CNY 8,140,022,473.43 compared to the end of the previous year[7]. - The company’s total liabilities included accounts payable of ¥506,616,624.41, down from ¥654,081,036.22 in the previous period[27]. - The company’s inventory increased to ¥3,728,840,941.01 as of September 30, 2020, compared to ¥3,397,281,624.85 at the end of 2019[26]. - Total liabilities as of September 30, 2020, were CNY 531,884,622.06, down from CNY 644,385,779.68 at the end of 2019[30]. - Shareholders' equity totaled CNY 2,947,580,834.34 as of September 30, 2020, compared to CNY 3,055,540,553.97 at the end of 2019[31]. Operational Highlights - The company reported a 66.93% increase in signed sales area for real estate projects in Q3 2020, totaling 63,100 square meters, and a 53.30% increase in signed sales amounting to ¥860 million year-on-year[17]. - As of September 30, 2020, the rental area for commercial properties in the Qingyuan B District reached 9,970.87 square meters with a 100% occupancy rate, generating rental income of ¥723,600 for the first nine months[18]. - The company plans to focus on market expansion and new product development in the upcoming quarters[34]. - The company has implemented cost-cutting measures, resulting in a significant reduction in operating costs by 16.1% year-over-year[34]. Investment and Stakeholder Activities - Zhejiang Longsheng Group plans to increase its stake in the company by acquiring between 3% to 5% of shares over the next twelve months, having already purchased 9,406,499 shares, representing 1.34% of the total share capital[22]. - The company received 39,200,000.00 RMB in investment income during the first three quarters of 2020, compared to 35,271,218.94 RMB in the same period of 2019, reflecting a positive trend in investment returns[43]. Market and Future Outlook - The company has not reported any new product developments or technological advancements in this quarter[54]. - There are no indications of market expansion or acquisitions mentioned in the report[54]. - The company has not provided specific future outlook or performance guidance in this report[54].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥485,787,338.29, a decrease of 38.00% compared to ¥783,534,627.98 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was ¥131,144,045.96, down 41.76% from ¥225,174,751.91 in the previous year[18]. - The net cash flow from operating activities was negative at ¥154,248,848.65, a significant decline from ¥1,248,160,334.80 in the same period last year, representing a decrease of 112.36%[18]. - The basic earnings per share for the first half of 2020 was ¥0.1874, a decrease of 40.51% compared to ¥0.3150 in the same period last year[19]. - The company reported a decrease in the weighted average return on net assets to 4.64%, down 4.62 percentage points from 9.26% in the previous year[19]. - The company reported a significant reduction in sales expenses, which decreased to CNY 15,890,363.64 from CNY 41,613,712.07, a decline of 61.9%[97]. - The total profit for the first half of 2020 was CNY 172,714,777.72, a decrease of 40.3% compared to CNY 288,720,905.42 in the first half of 2019[99]. - The company reported a net loss of 105,167,736.60 for the current period, compared to a profit in the previous period, highlighting a significant downturn in profitability[111]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥7,670,287,592.11, a slight decrease of 0.28% from ¥7,692,091,131.54 at the end of the previous year[18]. - The total current assets as of June 30, 2020, amounted to CNY 6,615,320,234.23, slightly up from CNY 6,610,648,806.11 at the end of 2019[89]. - The company's cash and cash equivalents decreased to CNY 2,491,840,645.12 from CNY 2,703,011,701.26, reflecting a decline of approximately 7.8%[89]. - The total liabilities as of June 30, 2020, were not explicitly stated but can be inferred from the changes in current liabilities and total assets[90]. - The total liabilities as of June 30, 2020, were CNY 693,941,927.65, compared to CNY 644,385,779.68 at the end of 2019, indicating an increase of 7.5%[95]. - The company has reported a decrease in the total liabilities, which now stand at 1,026,462,968.13, down from 1,145,404.42 in the previous year, reflecting a reduction of about 10.4%[116]. Market and Operations - The company is primarily engaged in real estate development and sales, focusing on projects in Qingyuan, Shaoxing, and Wuhan, with key properties including Wuhan Dongfang Jun and Qingyuan Bowen Garden[24]. - The real estate market showed signs of recovery in the second quarter of 2020, with increased demand as the economy began to recover and businesses resumed operations[24]. - The company has no new land acquisitions in the first half of 2020, with new construction area reported at 398,500 square meters[37]. - The company is actively pursuing market expansion strategies, including entering three new regional markets by the end of 2020[54]. - The management has indicated a cautious outlook for the next quarter, anticipating challenges in maintaining profitability due to market conditions[111]. Shareholder and Equity Information - The company does not plan to distribute cash dividends or issue new shares for the first half of 2020[49]. - The total number of ordinary shares as of June 30, 2020, is 701,118,244, with 702,000 shares under limited sale conditions and 700,416,244 shares under unrestricted sale conditions[73]. - The largest shareholder, Zhejiang Wolong Investment Co., Ltd., holds 314,104,357 shares, accounting for 44.80% of the total shares, with 116,000,000 shares pledged[79]. - The company’s total equity attributable to shareholders was CNY 2,958,907,208.39 as of June 30, 2020, down from CNY 3,055,540,553.97 at the end of 2019, reflecting a decrease of 3.2%[96]. Research and Development - The company reported a significant increase in R&D expenses for self-developed products, rising by 40.20% year-on-year[43]. - The company has invested 100 million in R&D for new product development, focusing on innovative technologies to enhance user experience[55]. Compliance and Governance - The company strictly adheres to national environmental protection laws and regulations, with no violations or administrative penalties reported during the reporting period[68]. - The company has no significant litigation or arbitration matters reported during the period, ensuring a stable operational environment[54]. - The company has implemented measures to avoid continuous related-party transactions, ensuring fair pricing and compliance with regulations[54]. Future Outlook - The company has set a future outlook with a revenue guidance of 2.5 billion for the full year 2020, indicating a projected growth of 20%[54]. - The company plans to focus on expanding its market presence and developing new products to drive future growth[111]. - The company is also exploring potential mergers and acquisitions to enhance its competitive position in the market[111].

Financial Performance - Net profit attributable to shareholders decreased by 41.29% to CNY 88,703,530.78 compared to the same period last year[7]. - Operating revenue decreased by 30.12% to CNY 352,585,276.67 compared to the same period last year[13]. - Cash flow from operating activities decreased by 91.76% to CNY 33,253,752.54 compared to the same period last year[15]. - Basic earnings per share decreased by 41.15% to CNY 0.1267 compared to the same period last year[7]. - Total revenue for Q1 2020 was CNY 352,585,276.67, a decrease of 30.0% compared to CNY 504,527,919.53 in Q1 2019[29]. - Net profit for Q1 2020 was CNY 88,728,505.92, a decline of 41.2% from CNY 150,846,496.16 in Q1 2019[30]. - Earnings per share for Q1 2020 was CNY 0.1267, compared to CNY 0.2153 in Q1 2019, reflecting a decrease of 41.2%[31]. - The company's operating income for Q1 2020 was CNY 5,967,364.47, a decrease of 70% compared to CNY 19,918,134.13 in Q1 2019[33]. - The total profit for Q1 2020 was CNY 6,742,788.07, down 66% from CNY 19,918,134.13 in the same period last year[33]. - The net profit for Q1 2020 was CNY 6,742,788.07, reflecting a 66% decline compared to CNY 19,918,134.13 in Q1 2019[33]. Asset and Liability Overview - Total assets decreased by 0.88% to CNY 7,624,252,225.53 compared to the end of the previous year[7]. - The company's total assets as of March 31, 2020, amounted to CNY 7,624,252,225.53, a decrease from CNY 7,692,091,131.54 as of December 31, 2019[25]. - The company's total liabilities as of March 31, 2020, were CNY 4,772,022,664.07, down from CNY 4,928,590,076.00 as of December 31, 2019[25]. - Total current assets reached CNY 1,498,685,570.32, up from CNY 1,379,814,749.64 at the end of 2019[27]. - Total liabilities for Q1 2020 were CNY 723,435,664.12, compared to CNY 644,385,779.68 in Q4 2019, indicating an increase of 12.3%[28]. - The total equity as of March 31, 2020, was CNY 3,062,283,342.04, slightly up from CNY 3,055,540,553.97 at the end of 2019[29]. - The company's total equity as of March 31, 2020, was CNY 2,852,229,561.46, compared to CNY 2,763,501,055.54 as of December 31, 2019[25]. Real Estate and Construction Activity - The company had no new land area or completed area in Q1 2020, while new construction area increased by 100% to 398,500 square meters[16]. - The signed sales area of real estate projects decreased by 70.39% to 22,900 square meters compared to the same period last year[16]. - The signed sales amount of real estate projects decreased by 63.11% to CNY 33,504,000 compared to the same period last year[16]. Rental Income and Occupancy - As of March 31, 2020, the rental area of the Qingyuan B District shops was 9,970.87 square meters with a 100.00% occupancy rate, generating rental income of CNY 120,600 in Q1[17]. - The rental area of the Qingyuan A District shops was 5,234.49 square meters with a 100.00% occupancy rate, generating rental income of CNY 59,000 in Q1[17]. - The rental area of the Tianxiang Huating street shops was 2,541.94 square meters with an occupancy rate of 28.40%, generating rental income of CNY 26,400 in Q1[17]. - The company added 160.52 square meters of rental real estate during the reporting period[17]. Shareholding and Equity Changes - Zhejiang Longsheng Group increased its shareholding in the company by acquiring 34,522,170 shares, representing 4.92% of the total shares from September 17, 2019, to March 16, 2020[18]. - As of March 31, 2020, Zhejiang Longsheng held a total of 69,578,159 shares, accounting for 9.92% of the company's total share capital[18]. - As of March 31, 2020, Zhejiang Wolong Real Estate Investment Co., Ltd. pledged 116,000,000 unrestricted circulating shares, representing 16.54% of the company's total share capital[18]. Cash Flow and Financial Activities - Cash flow from operating activities in Q1 2020 was CNY 33,253,752.54, a significant drop of 91.8% from CNY 403,440,780.73 in Q1 2019[36]. - Cash inflow from investment activities was CNY 39,200,000.00 in Q1 2020, an increase of 60% from CNY 24,500,000.00 in Q1 2019[37]. - The net cash flow from investment activities was CNY 33,475,000.00, up 42% from CNY 23,558,208.48 in the previous year[37]. - The company's cash and cash equivalents at the end of Q1 2020 totaled CNY 2,759,740,453.80, compared to CNY 1,938,202,392.95 at the end of Q1 2019[37]. - The company reported a decrease in sales revenue from goods and services to CNY 351,274,086.93 in Q1 2020, down 58% from CNY 840,227,015.40 in Q1 2019[36]. - The company incurred financial expenses of CNY -3,016,816.58 in Q1 2020, a significant reduction from CNY 8,165,068.62 in Q1 2019[33]. - The company’s management expenses decreased to CNY 3,191,403.93 in Q1 2020 from CNY 3,364,720.79 in Q1 2019, indicating a reduction of approximately 5.1%[33]. - The cash outflow from financing activities was recorded at ¥1,859,617.40, indicating a net cash outflow in this segment[41]. Changes in Accounting Standards - The company has adopted new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting and performance metrics[45]. - The company is expected to implement new revenue and leasing standards starting in 2020, which may affect future financial reporting[49].

Financial Performance - The net profit attributable to shareholders for 2019 was RMB 510,458,617.30, a decrease of 11.51% compared to the previous year[21]. - The total revenue for 2019 was RMB 1,920,775,403.43, representing a decline of 32.13% from RMB 2,830,107,369.35 in 2018[20]. - The basic earnings per share for 2019 was RMB 0.7297, down 8.99% from RMB 0.8018 in 2018[20]. - The weighted average return on equity decreased to 20.09%, down 6.81 percentage points from 26.90% in 2018[20]. - The company reported a significant decrease in non-operating income from the disposal of non-current assets, reporting a loss of 2.09 million RMB in 2019 compared to a gain of 123.11 million RMB in 2018[25]. - The company's EBITDA for 2019 was CNY 671,845,515.93, a decrease of 19.05% compared to CNY 829,964,728.18 in 2018[160]. - The company achieved a total comprehensive income of 447,791.45 million in 2019, compared to 301,889.83 million in 2018, indicating strong overall performance[189]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to RMB 1,642,740,712.18, a rise of 499.34% compared to RMB 274,093,375.62 in 2018[20]. - The company reported a significant increase in cash flow from operating activities, indicating improved liquidity and operational efficiency[20]. - The cash flow from operating activities was 403.44 million RMB in Q1 2019, 844.72 million RMB in Q2, 539.58 million RMB in Q3, and -144.99 million RMB in Q4[23]. - The cash interest coverage ratio surged by 537.90% from 7.82 in 2018 to 49.91 in 2019, primarily due to increased sales collections[160]. - The company maintained a loan repayment rate of 100% and an interest payment rate of 100% in both 2018 and 2019, demonstrating strong debt servicing capability[160]. Assets and Liabilities - The total assets as of the end of 2019 were RMB 7,692,091,131.54, an increase of 25.82% from RMB 6,113,623,913.43 at the end of 2018[20]. - Total liabilities increased to ¥4,928,590,076.00 in 2019, up from ¥3,794,020,539.62 in 2018, reflecting a growth of approximately 29.9%[177]. - The debt-to-asset ratio increased from 62.06% in 2018 to 64.07% in 2019, indicating a rise in leverage[160]. - The company's total equity rose to ¥2,763,501,055.54 in 2019, up from ¥2,319,603,373.81 in 2018, representing a growth of approximately 19.1%[177]. Market and Operational Insights - The company focused on real estate development and sales, with major projects located in Wuhan, Qingyuan, and Shaoxing[31]. - The total sales area of commercial housing in China decreased by 0.1% year-on-year, while the sales amount increased by 6.5% year-on-year, indicating a slowdown in growth[36]. - The company implemented a market-oriented management model to enhance refined management levels and improve product turnover rates[37]. - The company achieved a signed sales area of 262,100 square meters and a signed sales amount of 3.298 billion RMB in 2019, with cash recovery reaching 3.422 billion RMB[38]. Shareholder and Equity Information - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling an estimated distribution of RMB 105,167,736.60[5]. - The company reported a total equity attributable to shareholders of 2.762 billion RMB[37]. - The controlling shareholder, Zhejiang Wolong Real Estate Investment Co., Ltd., increased its shareholding from 44.33% to 46.01%[116]. - The total number of ordinary shareholders increased from 22,852 to 24,259 during the reporting period[117]. Corporate Governance and Compliance - The company has not reported any non-standard audit opinions from its accounting firm during the reporting period[78]. - The company has established a complete and effective internal control system to promote standardized governance[141]. - The company maintained independence from its controlling shareholder in business, personnel, assets, and finance, with no violations reported regarding fund or asset occupation[143]. - The company actively engaged in community building and social responsibility, emphasizing environmental protection while pursuing development[142]. Future Outlook and Strategic Plans - The company expects total operating revenue of 2.203 billion and operating costs of 1.514 billion for the year[66]. - The company plans to focus on market expansion and new product development in the upcoming year[186]. - The company aims to enhance internal management and product quality while accelerating the liquidation of existing products[65]. - The real estate market is expected to remain stable, with policies allowing for marginal improvements amid ongoing regulatory measures[64].

卧龙地产集团股份有限公司 关于举行投资者接待日活动的通知 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。 股票代码：600173 股票简称：卧龙地产 公告编号：临 2020-019 根据中国证券监督管理委员会浙江监管局下发的《浙江辖区上市公司投资者 接待日工作指引》的要求，为进一步提高公司治理水平，加强投资者关系管理， 增进公司与广大投资者的沟通与交流，体现公司进一步服务投资者、回报投资者 的责任心，公司定于 2020 年 5 月 21 日下午举行投资者接待日活动。现将有关事 项公告如下： 4、参加人员：公司总经理王希全先生、财务总监兼董事会秘书马亚军先生。 届时将针对经营情况、公司治理、下一步可持续发展等投资者关心的问题与 广大投资者进行现场交流和沟通，同时广泛听取投资者的意见和建议。 为了更好得安排本次活动，请有意参与本次活动的投资者提前与公司董事会 办公室工作人员预约. 1、活动时间：2020 年 5 月 21 日下午 15:30—17:00 2、活动地点：浙江省绍兴市上虞区人民西路 1801 号 3、召开方式：现 ...

证券代码：600173 证券简称：卧龙地产 公告编号：临 2019—049 | --- | --- | |------------------------------------------------------------------------|-------| | 卧龙地产集团股份有限公司关于参加 | | | | | | 浙江辖区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。 | | 为进一步加强辖区上市公司与投资者特别是中小投资者的沟通交流，卧龙 地产集团股份有限公司（以下简称"公司"）将参加由中国证券监督管理委员会 浙江监管局指导、浙江上市公司协会与深圳市全景网络有限公司共同举办的"沟 通促发展 理性共成长"辖区上市公司投资者网上集体接待日活动（以下简称"本 次活动"），现将有关事项公告如下： 本次活动将通过深圳市全景网络有限公司提供的网上平台，采取网络远程 方式举行。投资者可登录"投资者关系互动平台"网站（http://rs.p5w.net）参 ...

Financial Performance - Net profit attributable to shareholders increased by 4.12% to CNY 326,876,593.75 year-on-year[6] - Operating revenue decreased by 37.22% to CNY 1,256,238,559.63 compared to the same period last year[6] - The company's operating revenue for the current period is ¥1,256,238,559.63, a decrease of 37.22% compared to ¥2,000,989,057.44 in the same period last year, primarily due to a reduction in property transfer area and the exclusion of Junhai Network from the company's consolidated scope[13] - The company reported a net profit of ¥1,702,208,141.04, an increase from ¥1,354,706,292.82, showing a growth of approximately 25.6%[26] - Total profit for the first three quarters of 2019 was approximately ¥413.97 million, down 13.6% from ¥478.33 million in the same period of 2018[28] - Net profit for Q3 2019 was approximately ¥102.05 million, a decrease of 35.1% from ¥157.48 million in Q3 2018[28] Cash Flow - Net cash flow from operating activities surged to CNY 1,787,737,567.76, a significant increase of 2,978.34% year-on-year[6] - The net cash flow from operating activities surged by 2978.34% to ¥1,787,737,567.76 from ¥58,074,764.37, driven by increased property payments compared to the previous period[14] - The net cash flow from investing activities was ¥34,838,573.90, a significant improvement from a negative ¥66,564,690.52 in the previous period, indicating reduced investment expenditures[14] - The net cash flow from financing activities decreased by 26.05% to -¥501,581,951.28 from -¥397,918,283.33, primarily due to the maturity of company bonds[14] - Cash inflow from operating activities for the first three quarters of 2019 was 2,950,785.62 million, an increase from 2,259,581.72 million in the same period of 2018, representing a growth of approximately 30.6%[33] - The cash flow from investment activities showed a net inflow of approximately ¥34.84 million in Q3 2019, contrasting with a net outflow of ¥66.56 million in Q3 2018[34] Assets and Liabilities - Total assets increased by 23.64% to CNY 7,558,597,020.17 compared to the end of the previous year[6] - The company's cash and cash equivalents increased by 86.73% to CNY 2,844,057,211.52 due to increased property receipts[11] - Total liabilities decreased to ¥3,929,000,000.00 from ¥4,000,000,000.00, indicating a reduction in financial obligations[22] - Total liabilities increased to ¥4,977,925,388.32 from ¥3,794,020,539.62, representing a growth of approximately 31.2% year-over-year[23] - Total equity rose to ¥2,580,671,631.85 compared to ¥2,319,603,373.81, marking an increase of about 11.3%[23] - Total current liabilities were ¥3,387,650,564.52, while total liabilities stood at ¥3,794,020,539.62[39] Shareholder Information - The number of shareholders reached 26,100 by the end of the reporting period[8] - Basic earnings per share for Q3 2019 was ¥0.1451, compared to ¥0.1809 in Q3 2018, reflecting a decline of 19.7%[30] Investment and Expenses - Investment income increased significantly by 324.85% to ¥81,534,841.06 from ¥19,191,406.16, mainly due to the equity method accounting for Junhai Network in the current period[13] - Research and development expenses for Q3 2019 were approximately ¥12.96 million, compared to ¥32.70 million in Q3 2018, indicating a significant reduction[28] - The company reported investment income of approximately ¥37.86 million in Q3 2019, significantly up from ¥9.19 million in Q3 2018[28] Overall Financial Position - The total assets of the company were approximately $4.07 billion[44] - Total equity reached approximately $2.67 billion, with retained earnings of approximately $1.35 billion[44] - The company executed new financial accounting standards effective January 1, 2019, impacting the financial reporting framework[40]