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。 2022 年第三季度报告 证券代码：600173 证券简称：卧龙地产 卧龙地产集团股份有限公司 2022 年第三季度报告 1 / 22 2022 年第三季度报告 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 第三季度财务报表是否经审计 | | | | | 本报告 | | | | 年初至 报告期 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 期比上 | | | | 末比上 | | | | 上年同期 | | 年同期 | | 上年同期 | | 年同期 | | 项目 | 本报告期 | | | 增减变 | ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 1.72 billion, a decrease of 22.56% compared to the same period last year[21]. - The net profit attributable to shareholders of the listed company was approximately CNY 262.40 million, down 24.47% year-on-year[21]. - The basic earnings per share decreased by 24.51% to CNY 0.3746 compared to the same period last year[22]. - The total assets of the company decreased by 8.08% to approximately CNY 6.93 billion as of the end of the reporting period[21]. - The net cash flow from operating activities was negative at approximately CNY -762.82 million, a significant decline compared to the previous year's positive cash flow[21]. - The company reported a weighted average return on equity of 7.09%, down 3.24 percentage points from the same period last year[22]. - The company achieved an operating income of 171,970.73 million yuan, a decrease of 22.56% year-on-year, and a net profit attributable to shareholders of 26,239.76 million yuan, down 24.47%[35]. - The company reported a net profit margin of approximately 20.0% for the first half of 2022, compared to 10.0% in the same period of 2021[105]. - The total profit for the first half of 2022 was CNY 336,553,862.09, a decrease of 26.1% from CNY 455,720,979.22 in the first half of 2021[107]. - The company's operating profit for the first half of 2022 was CNY 339,135,685.75, down 25.7% from CNY 455,747,157.74 in the same period of 2021[107]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Shanghai Mining, which required retrospective adjustments to the initial data[23]. - The company acquired 100% equity of Shanghai Mining for CNY 68 million, which has been completed and is now a wholly-owned subsidiary[48]. - The company signed a share transfer agreement to acquire 0.7692% of Chengyun Technology (China) Co., Ltd. for CNY 20 million, completed on May 30, 2022[47]. - The company acquired 100% equity of Shanghai Mining, expanding its business scope into metal trading, which is expected to enhance market competitiveness[38]. - The company reported a trade segment revenue of CNY 797 million and a net profit of CNY 4.79 million following the acquisition of Shanghai Mining[40]. Real Estate and Market Conditions - In the first half of 2022, the cumulative sales area of commercial housing decreased by over 20%, with a sales area of 68,923 million square meters, down 22.2% year-on-year[33]. - The sales revenue of commercial housing was 66,072 billion yuan, a decline of 28.9% compared to the previous year[33]. - The real estate development investment decreased by 5.4% year-on-year, totaling 68,314 billion yuan[33]. - The average construction area of housing under construction was 848,812 million square meters, down 2.8% year-on-year[33]. - The company faces risks related to government policies affecting real estate investment, market fluctuations, and project development[55][56]. Cash Flow and Financial Position - Cash and cash equivalents decreased by 36.36% to CNY 1,712,422,758.40, mainly due to payments for company goods and taxes[43]. - The net cash flow from operating activities turned negative at CNY -762,819,016.39, a decline of 627.96% year-on-year[39]. - The total cash and cash equivalents at the end of the period decreased to 1,644,632,246.84 RMB from 2,601,052,803.30 RMB, marking a decline of approximately 36.8%[114]. - The cash flow from investment activities showed a net outflow of -122,126,217.86 RMB, a stark contrast to a net inflow of 536,840,065.68 RMB in the prior period, highlighting reduced investment returns[113]. - The total amount of guarantees provided by the company, including those to subsidiaries, is 304,933.80 million RMB, which accounts for 83.32% of the company's net assets[83]. Corporate Governance and Compliance - The company has indicated potential risks related to its future operational and strategic plans, which are not guaranteed commitments to investors[7]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[8]. - The company strictly adhered to national environmental protection laws and regulations, with no violations or administrative penalties reported during the reporting period[66]. - The company is committed to sustainable development and green building standards, focusing on resource conservation and pollution reduction in its projects[67]. - The company has made commitments to avoid competing businesses with its subsidiaries and to protect the rights of other shareholders[70]. Shareholder and Equity Information - The total equity attributable to shareholders at the end of the reporting period was CNY 3,300,090,165.76, down from CNY 3,404,703,848.66 at the end of the previous year[130]. - The company has not reported any significant changes in its share capital structure during the reporting period[86]. - As of the end of the reporting period, the total number of ordinary shareholders is 21,089[88]. - Zhejiang Wolong Investment Co., Ltd. holds 44.84% of the shares, amounting to 314,104,357 shares, with 30,000,000 shares pledged[88]. - The company did not propose any profit distribution or capital reserve fund transfer plans for the half-year period[62]. Operational Challenges and Future Outlook - The company has indicated potential risks related to its future operational and strategic plans, which are not guaranteed commitments to investors[7]. - The company plans to focus on market expansion and new product development in the upcoming quarters[1]. - The company aims to enhance its financial position through strategic investments and potential acquisitions in the near future[1]. - The company plans to focus on improving operational efficiency and cost management in the upcoming quarters[126]. - The company aims to expand into overseas markets such as South Korea and Southeast Asia with validated products to seek revenue growth[53]. Accounting Policies and Financial Reporting - The company's accounting policies comply with the enterprise accounting standards, ensuring accurate financial reporting[138]. - The company’s accounting period runs from January 1 to December 31 each year, aligning with standard fiscal practices[139]. - The company recognizes its share of assets and liabilities in joint operations and accounts for income and expenses accordingly[149]. - Financial assets are classified at initial recognition as amortized cost, fair value through other comprehensive income, or fair value through profit or loss[153]. - The company applies the effective interest method for calculating interest on financial assets measured at amortized cost[156].

2022 年第一季度报告 证券代码：600173 证券简称：卧龙地产 卧龙地产集团股份有限公司 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、准确性和完整性承担个别及连带责任。 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 | 上年同期 | | 本报告期比上年同 期增减变动幅度 | | --- | --- | --- | --- | --- | | | | | | (%) | | | | 调整前 | 调整后 | 调整后 | | 营业收入 | 441,920,265.97 | 483,250,330.96 | 533,132,976.28 | -17.11 | | 归属 ...

Financial Performance - The net profit attributable to shareholders for 2021 was RMB 476,940,147.66, a decrease of 1.52% compared to RMB 484,277,881.13 in 2020[5] - The operating revenue for 2021 reached RMB 2,503,287,910.04, representing a 9.73% increase from RMB 2,281,298,897.23 in 2020[22] - The basic earnings per share for 2021 was RMB 0.6802, down 1.66% from RMB 0.6917 in 2020[23] - The company reported a decrease of 4.08% in net profit after deducting non-recurring gains and losses, amounting to RMB 465,598,540.97 in 2021[22] - The company’s real estate sales revenue for 2021 was CNY 2,491,643,808.51, a year-on-year increase of 33.89%[49] - The company reported a net profit increase of 80.49% for the Tianxiang South Garden project, attributed to an increase in the area available for recognition[69] - The net profit for the Yaojiang Shenma project increased by 61.36%, also due to an increase in the area available for recognition[69] Cash Flow and Assets - The net cash flow from operating activities was RMB 198,895,697.44, a significant recovery from a negative cash flow of RMB -93,060,728.48 in 2020[22] - The total assets as of the end of 2021 were RMB 7,376,892,696.54, a decrease of 6.21% from RMB 7,865,149,583.15 at the end of 2020[22] - The company’s total assets attributable to shareholders amounted to CNY 3.529 billion by the end of 2021[33] - The company achieved a cash recovery of 1.946 billion RMB during the reporting period[35] - The company’s total liabilities to equity ratio improved from 1.49 in 2020 to 1.09 in 2021, indicating a stronger financial position[196] Investment and Development - The company completed 55.60% of its annual sales target in the first half of the year, benefiting from a strong national real estate market[34] - The company accelerated the development of projects such as Shangyu Wanchengfu and Qingyuan Boxueyuan, with a total construction area of 403,900 square meters and new construction area of 188,300 square meters during the year[34] - The total investment in ongoing and newly started projects during the reporting period reached RMB 32,236.43 million for the Qingyuan Wuzhou project alone[63] - The company has a total of 91,393.94 square meters of land held for future development in Qingyuan[62] Costs and Expenses - Operating costs rose by 42.08% to 1.655 billion RMB, primarily due to increased revenue from property sales[45] - Sales expenses decreased by 41.58% to 37.19 million RMB, attributed to reduced advertising and agency fees[45] - The gross profit margin for property sales decreased by 15.17 percentage points to 33.89%[48] - The cost of real estate sales increased by 42.37% year-on-year, primarily due to rising land costs[52] Market and Industry Trends - The real estate industry saw a 1.9% year-on-year increase in sales area, reaching 1,794.33 million square meters, and a 4.8% increase in sales revenue, totaling CNY 1.8193 trillion[31] - The real estate market is anticipated to experience a decline in sales area, with stable sales prices due to rising land costs and increased transaction volume in first and second-tier cities[72] - The financial environment remains challenging with ongoing regulatory pressures in the real estate sector[40] Corporate Governance and Management - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management[82] - The company has implemented measures to ensure the independence of its operations from controlling shareholders[83] - The board of directors has been actively involved in strategic decisions, including the appointment of new executives and oversight of company operations[98] - The company has a structured approach to evaluating the performance of its directors and senior management, linking remuneration to actual business performance[97] Future Outlook - The company provided a future outlook projecting a revenue growth of 10-12% for the next fiscal year[91] - The company expects annual revenue of 3.18 billion yuan and operating costs of 2.638 billion yuan[76] - New construction area is projected at 111,600 square meters, while completed area is estimated at 341,900 square meters, ensuring stable performance growth[76] Compliance and Legal Matters - The company conducted related party transactions in compliance with legal regulations, ensuring no harm to other shareholders' interests[82] - The company strictly adhered to environmental protection laws and regulations, with no violations or administrative penalties reported during the period[122] - The company has no significant litigation or arbitration matters during the reporting period[133]

2021 年第三季度报告 证券代码：600173 证券简称：卧龙地产 卧龙地产集团股份有限公司 2021 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个别及连带责任。 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。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 主要会计数据和财务指标 单位：元 币种：人民币 2021 年第三季度报告 | | 本报告期末 | 上年度末 | 本报告期末 比上年度末 增减变动幅 | | --- | --- | --- | --- | | | | | 度(%) | | 总资产 | 7,362,833,571.00 | 7,865,149,583.15 | -6.39 | | 归属于上市公司股东的所有者 | 3,470,565,343.42 | 3,156 ...

Financial Performance - The company's operating revenue for the first half of 2021 reached approximately RMB 1.975 billion, representing a 306.47% increase compared to the same period last year[21]. - Net profit attributable to shareholders of the listed company was approximately RMB 347.68 million, an increase of 165.12% year-on-year[21]. - Basic earnings per share increased to RMB 0.4966, up 164.99% from RMB 0.1874 in the same period last year[20]. - The weighted average return on equity rose to 10.44%, an increase of 5.80 percentage points compared to the previous year[20]. - The net cash flow from operating activities was approximately RMB 104.34 million, a significant recovery from a negative cash flow of RMB 154.25 million in the same period last year[21]. - The company achieved operating revenue of CNY 1,974.59 million, a year-on-year increase of 306.47%[28]. - The net profit attributable to shareholders was CNY 347.68 million, up 165.12% compared to the same period last year[28]. - The company realized cash inflow of CNY 1.283 billion, a growth of 57% compared to the previous year[29]. - The company’s investment income increased by 472.18% to CNY 22.15 million, mainly due to increased profits from joint ventures[34]. - The total comprehensive income for the first half of 2021 was ¥347,608,948.47, compared to ¥131,172,868.22 in the first half of 2020, indicating a growth of approximately 164.5%[99]. Assets and Liabilities - Total assets decreased by 8.61% to approximately RMB 7.188 billion compared to the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 7.70% to approximately RMB 3.400 billion[21]. - Total liabilities decreased to CNY 3,787,110,341.51 from CNY 4,707,209,519.69, representing a reduction of about 19.5%[91]. - Current liabilities totaled CNY 3,770,062,883.24, down from CNY 4,690,672,681.73, indicating a decrease of approximately 19.6%[91]. - The total amount of guarantees provided by the company, excluding those to subsidiaries, is RMB 338,688.91 million, which accounts for 99.63% of the company's net assets[72]. - The company has provided guarantees totaling RMB 288,688.91 million for mortgage loans to home buyers, with the guarantee amount decreasing as borrowers repay their loans[72]. Real Estate Operations - The signed sales area of real estate projects reached 98,800 square meters, an increase of 77.38% year-on-year[29]. - The signed sales amount for real estate projects was CNY 1.397 billion, reflecting an increase of 82.38% year-on-year[29]. - As of June 30, 2021, the rental area for the Qingyuan B District shops was 9,970.87 square meters with a 100% occupancy rate, generating rental income of 389,700 RMB; Qingyuan A District shops had a rental area of 5,139.48 square meters with a 98.18% occupancy rate, generating 419,300 RMB in rental income[37]. Cash Flow and Investments - The company reported a net cash flow from investment activities of ¥536,852,977.20, a substantial increase from ¥32,036,110.53 in the first half of 2020[105]. - Cash inflow from investment activities totaled ¥553,050,000.00, significantly higher than ¥39,200,000.00 in the same period last year[105]. - The company received ¥543,000,000.00 from investment recoveries, which was not reported in the previous year[108]. Shareholder and Equity Information - The company has a total of 1,328,212.25 yuan in funds provided by its indirect controlling shareholder, which will be settled at the end of the year[69]. - The total owner's equity at the end of the period is CNY 2,958,907,208.39, showing a decrease from the previous period[119]. - The company has a total issued share capital of 700,989,244 shares as of June 30, 2021[121]. - The company has repurchased and canceled 483,000 unvested restricted stock options due to unmet performance targets, which has a minimal impact on financial metrics[78]. Compliance and Governance - There are no significant risks or non-compliance issues reported for this period[6]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[57]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[65]. - The company has committed to avoiding continuous related transactions with its subsidiaries, adhering to fair pricing principles[63]. Accounting Policies and Practices - The company follows the accounting standards set by the Ministry of Finance and ensures the financial statements reflect its financial status accurately[127]. - The company recognizes revenue when control of goods or services is transferred to the customer, indicating fulfillment of performance obligations[200]. - The company applies the fair value model for investment properties, adjusting the book value based on the fair value at the balance sheet date, with the difference recognized in the current profit and loss[171]. - The company uses the straight-line method for depreciation of fixed assets, with a depreciation rate of 2.38% for buildings and 19.00%-31.67% for general and office equipment[173].

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].