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].

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 ...