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]

Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥783.53 million, a decrease of 44.61% compared to ¥1.41 billion in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2019 was approximately ¥225.17 million, an increase of 22.75% from ¥183.44 million in the previous year[19]. - The net cash flow from operating activities reached approximately ¥1.25 billion, a significant increase of 750.16% compared to ¥146.81 million in the same period last year[19]. - The total assets of the company at the end of the reporting period were approximately ¥7.54 billion, reflecting a growth of 23.37% from ¥6.11 billion at the end of the previous year[19]. - The net assets attributable to shareholders increased to approximately ¥2.48 billion, marking a 6.85% rise from ¥2.32 billion at the end of the previous year[19]. - The basic earnings per share for the first half of 2019 were ¥0.315, representing a 25.00% increase from ¥0.252 in the same period last year[21]. - The company reported a non-operating loss of approximately ¥893,848.63, primarily due to other operating income and expenses[22]. - The company reported a significant increase in investment income, which rose by 336.83% to 43.67 million yuan due to equity method accounting for a subsidiary[36]. - The company reported a net profit of 90.27 million yuan for the reporting period, with a net profit attributable to shareholders of 88.61 million yuan after deducting non-recurring gains and losses[62]. - The company reported a total comprehensive income for the first half of 2019 of CNY 33.74 million, a decrease of 88.3% from CNY 289.59 million in the first half of 2018[119]. Real Estate Operations - The company is primarily engaged in real estate development and sales, focusing on projects in Wuhan, Qingyuan, and Shaoxing, with several projects experiencing strong sales[24]. - The signed sales area of real estate projects reached 197,900 square meters, an increase of 102.35% year-on-year, while the signed sales amount was 2.397 billion yuan, up 154.19%[31]. - The company implemented a cash collection incentive mechanism, resulting in sales collections of 2.063 billion yuan, a year-on-year increase of 82.49%[31]. - The company has not acquired new land or initiated new construction projects during the reporting period[37]. - The company has identified risks related to macroeconomic policies, market fluctuations, and supply-demand dynamics in the real estate sector[49]. Cash Flow and Liquidity - Cash flow from operating activities saw a substantial increase, reaching 1.248 billion yuan, up 750.16% compared to the previous year[33]. - The company's cash and cash equivalents increased to 2.723 billion yuan, accounting for 36.10% of total assets, up from 24.91% in the previous period[39]. - The total cash outflow from operating activities amounted to CNY 154,793,707.72, down from CNY 745,714,523.47 in the previous year, indicating a reduction of about 79%[126]. - The cash inflow from financing activities was CNY 8,160,000.00, while the cash outflow was CNY 71,967,553.33, resulting in a net cash flow from financing activities of -CNY 71,967,553.33[126]. Shareholder and Equity Information - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[6]. - The company will not distribute cash dividends or issue bonus shares for the first half of 2019[53]. - The total issued share capital of the company as of December 31, 2018, was 727,697,460 shares, with a registered capital of 727,697,460 RMB[140]. - As of June 30, 2019, the total issued share capital decreased to 701,118,244 shares due to the repurchase of 26,069,216 shares and 510,000 restricted stocks[140]. - The largest shareholder, Zhejiang Wolong Investment Co., Ltd., held 314,104,357 shares, accounting for 44.80% of the total shares[83]. Debt and Liabilities - The debt-to-asset ratio increased to 67.14%, up 8.19% from 62.06% at the end of the previous year[99]. - Total liabilities increased to ¥5,064,406,599.78 as of June 30, 2019, compared to ¥3,794,020,539.62 at the end of 2018, reflecting a growth of approximately 33.5%[106]. - The company provided guarantees totaling RMB 394,016.26 million, which accounts for 159.05% of the company's net assets[66]. - The company has not experienced any default events during the reporting period, indicating good creditworthiness[95]. Management and Strategy - The company continues to optimize its internal management and enhance project development efficiency through a two-level linkage model[31]. - The company plans to enhance its monetary policy research and actively expand financing channels to ensure stable economic growth amid increasing market interest rate uncertainties[50]. - The company is focusing on internal capital management strategies to stabilize its financial performance moving forward[136]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, indicating no issues affecting the company's ability to continue operations in the next twelve months[143]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements reflect a true and complete picture of its financial status[144]. - The company has implemented specific accounting policies for mergers and acquisitions, treating all subsidiaries under common control as a single accounting entity[148][149]. Risks and Challenges - The company has identified risks related to macroeconomic policies, market fluctuations, and supply-demand dynamics in the real estate sector[49]. - The company reported a commitment to avoid continuous related party transactions with Wolong Real Estate, ensuring fair pricing in unavoidable transactions[54].

Financial Performance - Net profit attributable to shareholders increased by 24.99% to CNY 151,087,195.36 year-on-year[6] - Operating revenue decreased by 51.34% to CNY 504,527,919.53 compared to the same period last year[6] - Basic earnings per share rose by 29.31% to CNY 0.2153[6] - The company's operating revenue for the current period is ¥504.53 million, a decrease of 51.34% compared to the previous period, primarily due to reduced property revenue and the exclusion of Junhai Network from the consolidated scope[13] - Total operating revenue for Q1 2019 was ¥504.53 million, a decrease of 51.4% compared to ¥1,036.93 million in Q1 2018[30] - Net profit for Q1 2019 reached ¥150.85 million, an increase of 8.1% from ¥139.58 million in Q1 2018[31] - Operating profit for Q1 2019 was ¥194.21 million, up 7.4% from ¥180.33 million in Q1 2018[30] - The company reported a total profit of ¥194.53 million in Q1 2019, an increase of 7.2% from ¥180.37 million in Q1 2018[30] Cash Flow - Net cash flow from operating activities surged by 240.06% to CNY 403,440,780.73[6] - The net cash flow from operating activities increased by 240.06% to ¥403.44 million, mainly due to increased property collections[14] - In Q1 2019, the company generated a net cash flow from operating activities of CNY 403,440,780.73, a significant increase from CNY 118,637,829.69 in Q1 2018, representing a growth of approximately 239%[37] - The cash inflow from operating activities totaled CNY 854,577,476.32 in Q1 2019, compared to CNY 591,755,322.58 in Q1 2018, representing an increase of about 44.4%[37] - The company’s cash flow from operating activities showed a strong performance, with a net increase of CNY 425,139,371.81 in cash and cash equivalents during Q1 2019, compared to a decrease of CNY 84,911,413.57 in Q1 2018[38] Assets and Liabilities - Total assets increased by 6.57% to CNY 6,515,583,887.49 compared to the end of the previous year[6] - Total liabilities rose to CNY 4,044,414,160.66, compared to CNY 3,794,020,539.62, indicating an increase of about 6.6%[22] - Owner's equity totaled CNY 2,471,169,726.83, up from CNY 2,319,603,373.81, reflecting a growth of approximately 6.5%[22] - Current liabilities amounted to CNY 3,637,666,536.85, an increase from CNY 3,387,650,564.52, which is a rise of about 7.4%[22] - Total liabilities and owner's equity totaled CNY 6,515,583,887.49, consistent with the total assets, confirming the balance sheet integrity[22] Shareholder Information - The number of shareholders reached 28,129 at the end of the reporting period[9] - The company has pledged 236 million shares, representing 33.66% of the total share capital[18] - The total equity attributable to shareholders increased to CNY 2,470,265,021.61 from CNY 2,318,457,969.39, representing a growth of approximately 6.5%[22] Investment and Income - Investment income surged by 3368.38% to ¥22.58 million, primarily due to the equity method accounting for Junhai Network[13] - The company received CNY 33,325,110.08 in investment income during Q1 2019, compared to CNY 13,500,730.39 in Q1 2018, marking an increase of approximately 147%[40] Financial Standards and Adjustments - The company implemented new financial instrument accounting standards, resulting in a 100% decrease in available-for-sale financial assets[11] - The company adopted new financial accounting standards effective January 1, 2019, impacting the financial reporting[49] - The adjustments related to the new financial instrument standards did not affect prior comparative data[50]

Financial Performance - In 2018, the company's operating revenue reached RMB 2,830,107,369.35, representing an increase of 81.62% compared to RMB 1,558,273,466.43 in 2017[21] - The net profit attributable to shareholders of the listed company was RMB 576,848,453.41, up 83.23% from RMB 314,829,075.72 in the previous year[21] - The net profit after deducting non-recurring gains and losses was RMB 448,033,927.26, reflecting a 107.04% increase from RMB 216,396,833.60 in 2017[21] - Basic earnings per share increased by 84.66% to CNY 0.8018 compared to the previous year[23] - Net profit attributable to shareholders rose by 83.23%, driven by a 103.62% increase in residential property sales prices and a 134.59% increase in the scale of Junhai Network's business[24] - The weighted average return on equity increased by 9.44 percentage points to 26.90%[23] - The company reported a net profit of CNY 120.88 million in Q1, CNY 130.49 million in Q3, and CNY 262.92 million in Q4, indicating strong quarterly performance[26] Cash Flow and Assets - The net cash flow from operating activities was RMB 274,093,375.62, a decrease of 81.12% compared to RMB 1,451,916,264.29 in 2017[21] - As of the end of 2018, the total assets amounted to RMB 6,113,623,913.43, a 6.10% increase from RMB 5,762,124,998.09 at the end of 2017[21] - The net assets attributable to shareholders of the listed company were RMB 2,318,457,969.39, which is a 20.66% increase from RMB 1,921,525,635.49 in 2017[21] - Cash and cash equivalents decreased by 18.56% to ¥1,523,063,021.14, accounting for 24.91% of total assets, primarily due to the exclusion of Junhai Network from the consolidation scope[62] - Accounts receivable decreased by 93.09% to ¥17,853,293.07, representing 0.29% of total assets, mainly due to the exclusion of Junhai Network[62] - Inventory increased by 30.18% to ¥3,343,264,466.34, making up 54.69% of total assets, primarily due to the acquisition of new land parcels[62] Dividends and Share Capital - The company plans to distribute a cash dividend of RMB 1.0 per 10 shares, totaling RMB 70,111,824.40, based on an estimated total share capital of 701,118,244 shares[5] - The company reported a total share capital of 727,697,460 shares at the end of 2018, a slight increase of 0.35% from 725,147,460 shares in 2017[21] - The cash dividend for 2018 accounts for 31.22% of the net profit attributable to ordinary shareholders of the listed company[80] - The total share capital of the company has changed to 701,118,244 shares[80] - The company repurchased a total of 26,069,216 shares for a total payment of CNY 109.99 million during the reporting period[43] Real Estate Market and Operations - The real estate market in 2018 showed high growth, with government policies emphasizing stability in supply and prices[35] - The company focuses on project development and sales in key regions, including Wuhan, Qingyuan, and Shaoxing, with ongoing successful projects[35] - The real estate development investment completed in 2018 was CNY 120.26 billion, a year-on-year increase of 9.5%[40] - Real estate sales generated CNY 1,998,580,500.85 in revenue, with a gross margin of 42.70%, an increase of 4.52 percentage points year-over-year[49] - The gross profit margin for real estate sales was 42.70%, an increase of 4.52 percentage points compared to the previous year[48] Corporate Governance and Compliance - The company has maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[91] - The company has implemented an employee stock ownership plan and stock option incentive plan, which were approved in early 2018[92] - The company has appointed Lixin Accounting Firm as its auditor for the 2018 financial report, with an audit fee of 900,000 RMB[90] - The company has established a comprehensive internal control system to manage various risks, including policy, management, operational, market competition, and financial risks[162] - The company has maintained independence from its controlling shareholder in terms of operations, personnel, assets, and finances, with no reported violations regarding fund occupation[160] Social Responsibility and Environmental Practices - The company actively engages in corporate social responsibility, providing quality housing and improving employee benefits while participating in community development[161] - The company strictly adheres to national energy-saving design standards for public and residential buildings, aiming to reduce energy consumption and environmental impact[113] - The company promotes green office practices, optimizing the office environment and reducing paper waste through the use of digital systems[114] - The company does not belong to key pollutant discharge units and has complied with environmental protection laws without any violations or penalties during the reporting period[115] Future Outlook and Strategy - The company expects total operating revenue of 1.755 billion yuan and operating costs of 1.251 billion yuan for the upcoming year[75] - The company plans to enhance internal management and improve operational efficiency to boost profitability[75] - The company will concentrate resources on strengthening its real estate business and improving project development efficiency[74] - The company has a focus on expanding its market presence through strategic investments and partnerships[148]

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 2019-027 债券代码：122327 债券简称：13 卧龙债 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 2019 年 5 月 15 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：2019 年 5 月 15 日下午 15:30—17:00 2、活动地点：浙江省绍兴 ...