Financial Performance - Operating revenue for the first nine months rose by 4.78% to CNY 760,751,055.72 year-on-year[8] - Net profit attributable to shareholders decreased by 0.59% to CNY 70,364,447.52 compared to the same period last year[8] - Net profit for the third quarter was ¥7,526,812.88, down from ¥12,718,058.48 in the same period last year, a decrease of 40.5%[39] - Operating revenue for the third quarter was ¥207,010,880.24, a decline of 22.7% compared to ¥267,751,997.64 in the previous year[39] - The total comprehensive income attributable to the parent company was CNY 9,162,195.77, down from CNY 13,350,518.02 in the same period last year[42] - The company reported a basic earnings per share of ¥0.013, down from ¥0.018 in the same quarter last year[39] - The company reported a basic and diluted earnings per share of CNY -0.145 for the third quarter, compared to CNY 0.387 in the same period last year[43] Assets and Liabilities - Total assets increased by 27.10% to CNY 4,476,693,577.34 compared to the end of the previous year[8] - The company's total liabilities increased significantly, with pre-receipts rising by 388.27% to CNY 754,546,606.64 due to increased pre-sale housing funds[15] - Total liabilities rose to ¥2,870,752,771.65, up from ¥1,953,154,874.81, indicating a 47% increase[32] - The total current assets reached ¥4,206,049,436.55, up from ¥3,246,224,684.29, indicating an increase of about 29.6%[31] - The company's inventory rose to ¥3,039,509,212.79 from ¥2,804,471,692.45, reflecting an increase of approximately 8.4%[31] - The total non-current assets decreased slightly to ¥270,644,140.79 from ¥275,942,096.24, a decline of about 1.2%[31] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 294,942,082.82, compared to a negative cash flow in the previous year[8] - Operating cash flow increased significantly to ¥294,942,082.82, a 580.40% increase compared to the previous period, primarily due to increased pre-sale revenue[17] - Total cash inflow from operating activities was CNY 776,951,339.89, significantly higher than CNY 243,338,205.86 in the previous year, marking a growth of 219.5%[47] - The total cash outflow for operating activities was CNY 609,357,115.09, which is significantly higher than CNY 147,055,755.39 in the previous year, indicating increased operational costs[47] - Cash flow from financing activities showed a net inflow of CNY 500,257,897.18, reversing from a net outflow of CNY 70,757,181.11 in the previous year[48] Investments - Investment income was reported at CNY 1,423,076.92, reflecting a 100% increase from the previous period due to cash dividends from long-term equity investments[16] - The company reported an investment loss of CNY -103,014,291.06 during the third quarter, compared to an investment income of CNY 280,000,000 in the same period last year[43] - The company holds a 11.11% stake in Zhejiang Longxin Equity Investment Partnership valued at ¥35 million, and a 19.78% stake in Shanghai Gefei Honghan Investment Center valued at ¥50 million, among other investments[28] Shareholder Information - The number of shareholders reached 46,043, with the largest shareholder holding 43.32% of the shares[12] - As of September 30, 2014, Zhejiang Wolong Investment Co., Ltd. had pledged 285,000,000 shares, accounting for 39.30% of the company's total share capital[24] Corporate Actions - The company issued corporate bonds amounting to CNY 593,000,000.00 during the reporting period[15] - The company acquired a 5% minority stake in Shaoxing Wolong Real Estate Development Co., Ltd. for ¥6.5 million, with the registration completed[22] - The company received land compensation of ¥219,200,000 for the government acquisition of part of its state-owned land use rights[23] Accounting and Compliance - The company reported a change in accounting policy, moving ¥145 million from "long-term equity investments" to "available-for-sale financial assets" due to new accounting standards[27] - The company will implement the revised accounting standards starting July 1, 2014, which will not affect the operating results or cash flows for the year 2013[26] - The company has committed to avoiding continuous related-party transactions with Wolong Real Estate, ensuring fair pricing and compliance with legal procedures[26] - The company has pledged to ensure that its controlling subsidiaries adhere to commitments regarding competition and related-party transactions[26]

Financial Performance - The company achieved operating revenue of RMB 553.74 million in the first half of 2014, representing a year-on-year increase of 20.82%[20] - The net profit attributable to shareholders of the listed company was RMB 61.20 million, an increase of 6.56% compared to the same period last year[20] - Basic earnings per share were RMB 0.084, reflecting a growth of 6.33% year-on-year[20] - The total profit reported was RMB 87.83 million, which is a year-on-year increase of 11.49%[24] - The company's operating revenue for the first half of 2014 was CNY 553,740,175.48, representing a 20.82% increase compared to CNY 458,307,029.43 in the same period last year[28] - The company reported a significant increase in cash inflow from operating activities, totaling RMB 844,946,877.95, compared to RMB 541,848,006.12 in the prior period, indicating a growth of approximately 56%[87] - The net profit for the current period was CNY 61,202,251.75, contributing to a total change in equity of CNY 29,402,087.09[95] Assets and Liabilities - The total assets of the company reached RMB 3.97 billion, up 12.66% from the end of the previous year[20] - The total liabilities of the company reached RMB 2,369,522,390.80, up from RMB 1,953,154,874.81, indicating an increase of about 21.3%[73] - The company's total equity as of June 30, 2014, was RMB 1,598,413,992.81, compared to RMB 1,569,011,905.72 at the beginning of the year, showing a slight increase of 1.9%[73] - The inventory balance stood at RMB 2,930,329,481.90, up from RMB 2,804,471,692.45, which is an increase of approximately 4.5%[70] - The accounts receivable increased to RMB 74,007,471.19 from RMB 62,273,015.71, marking a growth of about 19%[70] - The total guarantee amount (including guarantees to subsidiaries) is 251,271.9 million, which accounts for 166.91% of the company's net assets[47] Cash Flow - The net cash flow from operating activities was RMB 98.75 million, a significant recovery from a negative cash flow of RMB 78.92 million in the same period last year[20] - Cash outflow from operating activities increased to RMB 746,198,500.54 from RMB 620,770,241.94, reflecting a rise of about 20%[87] - The net cash flow from financing activities was RMB 265,416,772.80, compared to a net outflow of RMB 2,451,612.79 previously[88] - The total cash and cash equivalents at the end of the period reached RMB 577,384,708.12, up from RMB 391,138,652.13 at the end of the previous period[88] Investments and Acquisitions - The company acquired 5% equity in Shaoxing Wolong for CNY 6.5 million, resulting in 100% ownership[33] - The company invested RMB 6,500,000.00 in new projects during the period, reflecting ongoing expansion efforts[90] - The company has undergone significant asset restructuring, transitioning from cement manufacturing to real estate development[106] - The company holds a 60% stake in Wuhan Wolong Ink Lake Real Estate Co., with an actual investment of RMB 16.37 million, contributing to its real estate development operations[169] Market and Sales - The company faced significant downward pressure in the real estate market but managed to achieve growth through internal management reforms and flexible marketing strategies[24] - The operating revenue from the Central China region increased by 93.47% to CNY 323,289,023.00, while the South China region saw a decline of 56.95%[31] - The company reported a total sales area of 76,580.84 square meters for residential properties, with a sales amount of 7911 RMB per square meter[38] Shareholder Information - The total number of shareholders as of the end of the reporting period is 48,328[57] - Zhejiang Wolong Real Estate Investment Co., Ltd. holds 43.32% of the shares, totaling 314,104,357 shares, with 285,000,000 shares pledged[58] - Wang Jianqiao has reduced his holdings by 23,819,639 shares, accounting for 3.28% of the total share capital, and is no longer a shareholder with over 5%[54] Compliance and Governance - The governance structure of the company complies with the requirements of the Company Law and Securities Law, with no significant discrepancies[52] - There have been no administrative penalties or public reprimands from the China Securities Regulatory Commission or stock exchanges during the reporting period[51] - The company has committed to avoiding continuous related-party transactions and ensuring fair pricing in unavoidable transactions[53] Financial Reporting and Accounting - The company's financial statements comply with the accounting standards set by the Ministry of Finance, ensuring accurate reflection of financial status[108] - The company recognizes deferred tax assets related to temporary differences only if they meet certain conditions post-acquisition[111] - The company applies a 5% business tax rate on taxable operating income and a 20%-25% corporate income tax rate depending on the subsidiary[166][167] Risk Management - The company maintained a stable financial structure with a focus on risk awareness and cash flow management[26] - The company has no major litigation or bankruptcy restructuring matters during the reporting period[43] - The company has not incurred any losses due to guarantee liabilities in previous years, indicating no significant impact on its financial status[48]

Financial Performance - Operating revenue rose by 27.90% to CNY 235,206,671.63 year-on-year[13] - Net profit attributable to shareholders increased by 8.54% to CNY 25,717,556.25 compared to the same period last year[13] - Basic earnings per share increased by 8.56% to CNY 0.0355[13] - The company reported a net profit after deducting non-recurring gains and losses of CNY 24,357,073.13, an increase of 3.02% year-on-year[13] - Net profit for Q1 2014 reached CNY 23,778,114.03, a slight increase from CNY 23,058,604.42 in Q1 2013[37] Asset and Liability Changes - Total assets increased by 16.04% to CNY 4,087,120,502.70 compared to the end of the previous year[13] - Total liabilities increased to RMB 2,494,330,482.95 from RMB 1,953,154,874.81, which is an increase of 27.73%[29] - Long-term borrowings surged to RMB 896,200,000.00 from RMB 267,100,000.00, indicating a significant increase of 235.66%[29] - The company's total equity rose to RMB 1,592,790,019.75 from RMB 1,569,011,905.72, a slight increase of 1.52%[29] Cash Flow Analysis - Net cash flow from operating activities improved significantly to CNY 18,486,644.92, compared to a negative CNY 50,967,838.38 in the previous year[13] - Cash generated from financing activities surged by 4042.76% to ¥479,699,797.23, primarily due to increased borrowings[19] - The net cash flow from financing activities was CNY 479,699,797.23, a turnaround from a net outflow of CNY -12,166,587.00 previously[45] - Cash inflow from financing activities surged to CNY 747,114,410.60, compared to CNY 19,000,000.00 in the prior period, marking an increase of over 3,829%[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 50,709[17] - The largest shareholder, Zhejiang Wolong Real Estate Investment Co., Ltd., holds 43.32% of the shares[17] Expense and Cost Management - Operating tax and additional fees increased by 41.02% to ¥20,665,726.48 due to increased sales volume[19] - Sales expenses rose by 79.99% to ¥7,926,282.99, attributed to higher sales scale[19] - Financial expenses decreased by 63.47% to ¥820,511.29, due to reduced interest expenses[19] Inventory and Receivables - Accounts receivable increased by 43.91% to ¥89,619,830.71, reflecting higher sales volume[19] - Prepayments rose by 105.24% to ¥317,168,333.44, driven by increased sales scale[19] - Inventory levels increased to RMB 2,909,353,071.50 from RMB 2,804,471,692.45, marking a growth of 3.73%[27] Company Developments - The company completed the liquidation of its subsidiary Wuhan Wolong and is in the process of deregistering its subsidiary Shengzhou Wolong[22] - The company has not disclosed any new product developments or market expansion strategies in this report[18] Other Financial Metrics - The weighted average return on net assets rose by 0.1 percentage points to 1.74%[13] - Total operating costs for Q1 2014 were CNY 200,849,587.65, up 30.7% from CNY 153,560,662.66 in Q1 2013[36] - Current assets totaled CNY 390,287,986.04, significantly increasing from CNY 196,153,202.20 at the start of the year[33] - The company reported a significant increase in other receivables, which rose to CNY 378,945,709.63 from CNY 181,170,253.89[32]

Financial Performance - The net profit attributable to the parent company for the year ended December 31, 2013, was RMB 65,404,270.48[7] - The distributable profit for the parent company as of December 31, 2013, amounted to RMB 480,767,465.10[7] - The company achieved operating revenue of ¥1,017,170,299.64 in 2013, representing a year-on-year increase of 32.59% compared to ¥767,166,106.69 in 2012[28] - The net profit attributable to shareholders was ¥65,404,270.48, a decrease of 11.91% from ¥74,250,437.03 in the previous year[28] - The basic earnings per share decreased to ¥0.0902, down 11.91% from ¥0.1024 in 2012[29] - The company reported a net cash flow from operating activities of -¥58,282,834.40, worsening by 153.67% compared to -¥22,975,489.20 in 2012[42] - The total assets increased by 4.54% to ¥3,522,166,780.53 at the end of 2013, up from ¥3,369,335,397.79 in 2012[28] - The company’s weighted average return on equity decreased to 4.52%, down from 5.25% in 2012[29] - The company’s operating profit was reported at ¥78,845,100, contributing to the overall revenue growth[38] - The company’s cash and cash equivalents decreased by 48.70% to ¥272,514,063.58, primarily due to loan repayments[54] Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.3 per 10 shares, totaling RMB 21,754,423.80[7] - In 2013, the company distributed 0.3 shares for every 10 shares and paid a cash dividend of 21,754,423.80 RMB, which is 33.26% of the net profit attributable to shareholders[74] - The company emphasizes the importance of maintaining a stable cash dividend policy, distributing at least 10% of the annual distributable profit as cash dividends when profits are positive[72] - The company did not propose a cash dividend distribution plan despite having a positive undistributed profit for the reporting period[73] Business Operations - The company has expanded its business scope to include "technical consulting and services" as of June 7, 2013[21] - The company sold 143,900 square meters of property, generating sales revenue of ¥98,979,000, which is a 45.52% increase year-on-year[38] - The company's real estate sales revenue for the year reached ¥994,051,230.40, representing a year-on-year growth of 49.36%[50] - The gross margin for real estate sales decreased by 5.07 percentage points compared to the previous year, primarily due to differences in the product structure of recognized revenue[53] - Operating tax and additional fees amounted to ¥124,804,129.25, an increase of 94.03% year-on-year, attributed to the increase in sales scale[46] Financial Management - The company maintained a financing amount of ¥499 million, with trust financing accounting for ¥350 million and bank financing for ¥130 million[40] - The company reported a significant decrease in financial expenses by 82.66% to ¥2,326,137.08, resulting from increased capitalized interest[46] - The company’s total assets included inventory valued at ¥2,804,471,692.45, which increased by 19.12% compared to the previous year[54] - The company’s investment activities generated a net cash flow of -¥6,277,909.77, a decrease of 98.11% from the previous year[46] Corporate Governance - The company received a standard unqualified audit report from Lixin Certified Public Accountants[7] - The company has not violated decision-making procedures for external guarantees[8] - The company has no major litigation, arbitration, or media disputes during the reporting period[76] - The company has established a comprehensive internal control system, including various management rules and procedures, to ensure effective and compliant operations[171] - The company is committed to enhancing its internal control system and revising internal control policies for better governance[66] Strategic Planning - The company plans to issue corporate bonds to further support project financing and meet housing demands for low-income groups[40] - The company plans to enhance sales efforts to achieve stable growth in revenue and profit[47] - The company aims to strengthen its market position by focusing on second and third-tier cities with a current urbanization rate of 40%-50%[66] - The company expects annual revenue of 1,274.15 million CNY and operating costs of 1,080.50 million CNY for the upcoming year[66] - The company plans to accelerate project development with a new construction area of 576,700 square meters and a completion area of 246,800 square meters[66] Risk Management - The company faces risks from macroeconomic policies, market fluctuations, and changes in housing mortgage loan policies that could impact sales and profitability[69][70] - The company has established a comprehensive risk control system to manage various risks, including policy, management, operational, market competition, and financial risks[153] Human Resources - The company has a young and experienced management team, fostering strategic vision and innovation[56] - The company will introduce over 5 mid-to-senior level professionals to support long-term development[66] - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 2.7684 million yuan[137] - The company employed a total of 466 staff, including 37 in the parent company and 429 in major subsidiaries[140] Shareholder Information - The total number of shareholders as of the end of the reporting period was 56,358[109] - Zhejiang Wolong Real Estate Investment Co., Ltd. held 43.32% of the shares, totaling 314,104,357 shares, with no changes during the reporting period[109] - The controlling shareholder, Zhejiang Wolong Real Estate Investment Co., Ltd., holds 43.32% of the company's shares, while the total shareholding of the controlling shareholder and its concerted actors is 51.55%[117] Compliance and Transparency - The company revised its information disclosure management system to meet new regulatory requirements, enhancing transparency[152] - The independent directors did not raise any objections to the board's proposals during the reporting period[158] - The audit committee reviewed the 2012 financial statements and confirmed that the data accurately reflects the company's financial position as of December 31, 2012, and its operational results for the year[160]