证券代码：600185 股票简称：格力地产 编号：临 2023-044 债券代码：143195、143226、188259、185567、250772 债券简称：18 格地 02、18 格地 03、21 格地 02、22 格地 02、23 格地 01 格力地产股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩 说明会的公告 特别提示 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： http://roadshow.sseinfo.com/） 会议召开方式：视频录播和网络文字互动 投资者可于 2023 年 05 月 17 日(星期三)至 05 月 23 日(星期二)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 gldc@greedc.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 格力地产股份有限公司（以下简称"公司"）已于 2023 年 4 月 22 日发布公 司 2022 年年度报告，并于 2023 年 4 月 29 日发布公司 2023 ...

Financial Performance - The net profit attributable to shareholders decreased by 92.26% compared to the same period last year[1] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 110.91%, primarily due to a decrease in revenue recognized during the period[1] - The basic earnings per share decreased by 85.71%[1] - The diluted earnings per share also decreased by 85.71%, attributed to the decrease in revenue recognized during the period[1] - Operating revenue for the period was approximately CNY 988.56 million, a decrease of 26.40% year-on-year[10] - Net profit for Q1 2023 was ¥9,947,348.91, a sharp decline from ¥171,985,902.76 in Q1 2022[31] - The net profit for Q1 2023 was ¥9,210,526.61, a significant decrease from ¥128,990,501.62 in Q1 2022, indicating a decline of about 92.85%[48] - The comprehensive income attributable to the parent company's owners for Q1 2023 was ¥6,649,423.64, down from ¥131,156,624.56 in Q1 2022, reflecting a decrease of about 94.94%[48] Cash Flow and Assets - The net cash flow from operating activities increased by 1,738.96%, mainly due to an increase in cash received from sales of goods[1] - Cash and cash equivalents at the end of Q1 2023 totaled ¥2,970,454,271.17, up from ¥2,238,829,761.23 at the end of Q1 2022[33] - The cash flow from operating activities for Q1 2023 was ¥3,473,593,931.94, compared to ¥188,889,335.76 in Q1 2022, showing a substantial increase[50] - The cash inflow from operating activities totaled ¥4,676,318,554.96 in Q1 2023, significantly higher than ¥1,250,463,278.62 in Q1 2022, marking an increase of approximately 274.56%[50] - Total assets at the end of the reporting period increased by 6.63% compared to the end of the previous year, reaching approximately CNY 32.26 billion[10] - Total assets increased to ¥32,264,375,717.84 in Q1 2023 from ¥30,258,727,936.11 in Q1 2022[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 79,625[2] - The largest shareholder, Zhuhai Investment Holdings Co., Ltd., holds 44.95% of the shares[2] - The total equity attributable to shareholders of the parent company rose to ¥6,341,843,227.83 from ¥6,335,202,307.14, a slight increase of approximately 0.10%[45] Liabilities and Investments - The total liabilities increased to ¥25,924,935,476.99 from ¥23,925,112,485.21, reflecting a growth of approximately 8.35% year-over-year[45] - The deferred income tax liabilities increased to ¥207,988,560.10 from ¥194,657,726.58, reflecting an increase of approximately 6.83%[45] - The company’s long-term equity investments stood at approximately 2.16 billion RMB as of March 31, 2023, slightly up from 2.15 billion RMB at the end of 2022[26] Real Estate and Contracts - The company achieved a signed area of 69,200 square meters in real estate projects in Q1 2023, representing a year-on-year increase of 168%[19] - The total signed amount for the same period reached 4.692 billion RMB, a significant year-on-year increase of 747%[19] - The company reported a significant increase in contract liabilities to ¥5,194,306,145.08 in Q1 2023 from ¥2,022,415,318.71 in Q1 2022, indicating growth in customer commitments[44] Research and Development - R&D expenses increased to ¥874,169.39 in Q1 2023 from ¥97,859.50 in Q1 2022, reflecting a significant investment in innovation[31] Asset Restructuring - The company is currently undergoing a major asset restructuring process, with inquiries from the Shanghai Stock Exchange regarding its application for asset purchase and fundraising[22] - The company received a notice from the Shanghai Stock Exchange regarding the acceptance of its application for issuing shares to purchase assets and raise supporting funds on April 14, 2023[18] - The company is in the process of acquiring 100% equity of Zhuhai Duty-Free Enterprise Group Co., Ltd., indicating a strategic move for market expansion[39] - The company plans to issue shares and pay cash for the acquisition, pending approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission[40]

Financial Performance - The company's operating revenue for 2022 was approximately ¥4.05 billion, a decrease of 43.27% compared to ¥7.13 billion in 2021[22] - The net profit attributable to shareholders for 2022 was approximately -¥2.68 billion, a decline of 682.83% from a profit of ¥460 million in 2021[22] - The net cash flow from operating activities was approximately ¥1.66 billion, down 52.02% from ¥3.46 billion in 2021[22] - The basic earnings per share for 2022 was -¥1.44, a decrease of 676.00% compared to ¥0.25 in 2021[37] - The total assets at the end of 2022 were approximately ¥30.26 billion, a decrease of 8.12% from ¥32.93 billion in 2021[37] - The company's net assets attributable to shareholders were approximately ¥6.34 billion, down 29.75% from ¥9.02 billion in 2021[37] - The weighted average return on net assets for 2022 was -34.84%, a decrease of 40.16 percentage points from 5.32% in 2021[37] - The company achieved operating revenue of 4.05 billion RMB in 2022, a year-on-year decrease of 43.27%[92] - The net profit attributable to shareholders was -2.68 billion RMB, a decline of 682.83% compared to the previous year[90] - Total assets as of December 31, 2022, amounted to 30.26 billion RMB, with net assets attributable to shareholders at 6.34 billion RMB, down 29.75% year-on-year[90] - The real estate segment generated revenue of approximately 3.41 billion RMB, reflecting a 46.51% decrease year-on-year[93] - The company's cash flow from operating activities was 1.66 billion RMB, a decline of 52.02% compared to the previous year[105] Market Conditions - The company recorded a significant decline in the real estate market, with a 24.3% drop in sales area and a 26.7% decrease in sales revenue compared to the previous year[60] - The real estate market sentiment remains low due to macroeconomic conditions and industry pressures, but policies are gradually entering a supportive phase, indicating potential stabilization in the market[64] - The company anticipates a recovery in the real estate market in 2023, driven by supportive policies and a transition to a new development model[145] - The company acknowledges potential risks in the real estate market due to economic uncertainties and plans to innovate products to maintain competitiveness[166] Strategic Initiatives - The company is focusing on accelerating inventory turnover and enhancing cash flow amid challenging market conditions[60] - The company is advancing a major asset restructuring to acquire 100% equity of a duty-free group, which is expected to enhance profitability and strengthen its core competitiveness in the consumer sector[70] - The company is focused on major asset restructuring to develop three core sectors: duty-free business, biopharmaceuticals, and premium real estate[90] - The company aims to optimize its asset structure and improve profitability through the ongoing restructuring, focusing on developing a large-scale consumer industry led by duty-free operations[75] - The company is actively pursuing mergers and acquisitions to strengthen its tourism retail supply chain and enhance its duty-free business layout[165] - The company plans to leverage the "Belt and Road" initiative and the Greater Bay Area to expand its business into the Pearl River Delta, Yangtze River Delta, and Southwest regions[161] Operational Developments - The company has implemented inventory impairment provisions due to the net realizable value of inventory being lower than its cost[60] - The company has established strong partnerships in the health sector, including collaborations with Kewah Bio and local government entities, enhancing its capabilities in medical testing[70] - The company is committed to integrating its real estate and commercial operations to enhance profitability and operational capabilities in the commercial real estate sector[165] - The company has established a talent strategy to develop a robust workforce, focusing on employees from different generations to enhance team dynamics and drive growth[179] Governance and Compliance - The company has implemented internal control measures to ensure compliance and improve management levels[1] - The company strictly adhered to regulations regarding related party transactions, ensuring proper approval processes were followed[185] - The company has continuously improved its corporate governance structure and internal control management level, ensuring standardized operations and rapid development[195] - The supervisory board held 11 meetings during the reporting period, focusing on regular reports, profit distribution, and major asset restructuring[197] - The company has implemented the basic norms of internal control and related guidelines, with the supervisory board overseeing the establishment and implementation of internal controls[200] Investor Relations - The company emphasized investor relations management, responding to shareholder inquiries through various communication channels and holding 3 performance briefings[186] - The company disclosed information through designated newspapers and websites, ensuring equal access for all shareholders[186] - The company participated in investor relations activities, including collective reception days for investors[186] - The company conducted insider information registration to maintain transparency and compliance with regulations[186]

Financial Performance - As of the end of 2021, Gree Real Estate's inventory accounted for 71.22% of total assets, highlighting the significance of inventory management in financial performance[5] - The total liabilities of Gree Real Estate as of December 31, 2021, were approximately ¥23.91 billion, a decrease from ¥29.04 billion in the previous year, indicating improved financial health[17] - The company's cash and cash equivalents increased to ¥526.36 million in 2021 from ¥162.57 million in 2020, reflecting a significant improvement in liquidity[18] - Gree Real Estate's total current assets decreased to approximately ¥8.81 billion in 2021 from ¥11.06 billion in 2020, suggesting a contraction in short-term asset base[18] - The company's long-term borrowings were approximately ¥8.10 billion in 2021, down from ¥10.15 billion in 2020, indicating a reduction in long-term debt obligations[17] - Gree Real Estate's net profit attributable to shareholders increased to approximately ¥5.67 billion in 2021, compared to ¥5.21 billion in 2020, showing a growth of about 8.8% year-over-year[17] - The company's total equity attributable to shareholders rose to approximately ¥9.02 billion in 2021 from ¥8.42 billion in 2020, reflecting a positive trend in shareholder value[17] - Gree Real Estate's contract liabilities decreased to approximately ¥1.81 billion in 2021 from ¥2.71 billion in 2020, indicating a reduction in future revenue obligations[17] - The company reported a significant increase in other receivables, totaling approximately ¥8.28 billion in 2021, down from ¥10.73 billion in 2020, which may impact cash flow management[18] - The company’s total equity increased to RMB 9,023,316,968.18 from RMB 8,430,876,952.48, showing a positive trend in shareholder value[36] - The company reported a net cash flow from operating activities of RMB 3,156,984,620.28 for the year, a significant increase from RMB 834,790,337.07 in the previous year, reflecting improved operational efficiency[42] Cash Flow and Financing Activities - The net cash flow from financing activities was -¥5,497,612,036.07, a significant decrease from a positive cash flow of ¥374,204,307.43 in the previous year[23] - The total cash and cash equivalents at the end of the period decreased to ¥974,203,252.05 from ¥3,039,715,607.23 in 2020, indicating a decline of approximately 67.9%[23] - The company reported a cash outflow for debt repayment amounting to ¥11,188,781,785.61, which is nearly double the ¥5,806,128,403.81 recorded in the previous year[23] - The cash received from interest, fees, and commissions was ¥16,490,824.52, down from ¥24,831,694.43 in 2020, reflecting a decrease of about 33.5%[22] - The net cash inflow from investment activities amounted to ¥1,284,372,340.90, a significant increase compared to the outflow of ¥76,511,205.64[43] - The total cash outflow from financing activities was ¥5,377,566,335.00, leading to a net cash outflow of ¥4,577,566,335.00 from financing activities[43] - The company's cash and cash equivalents at the end of the period decreased to ¥26,364,737.64 from ¥162,574,111.46 at the beginning of the period, reflecting a net decrease of ¥136,209,373.82[43] Revenue and Profitability - The company achieved operating revenue of RMB 7.13 billion in 2021, an increase of 11.65% compared to the previous year[103] - The net profit attributable to shareholders decreased by 17.59% to RMB 460.46 million in 2021[103] - The company's cash inflow from operating activities totaled RMB 9,436,955,626.12, compared to RMB 7,902,243,409.83 in the previous year, indicating strong revenue generation capabilities[42] - The real estate segment generated RMB 6.51 billion in revenue, reflecting a growth of 20.73% year-on-year[107] - The company reported a total revenue for the fourth quarter of approximately 963.76 million RMB, with a total annual revenue of approximately 7.11 billion RMB[75] - The net profit attributable to shareholders for the fourth quarter was a loss of approximately 180.18 million RMB, resulting in an annual net profit of approximately 241.47 million RMB[75] Strategic Initiatives and Future Plans - The company plans to expand its market presence and invest in new product development as part of its future strategy[32] - The company has initiated a capital increase plan to enhance its financial stability and support future growth initiatives[32] - The company is focusing on technological advancements and innovation to drive future revenue growth and market competitiveness[32] - The company plans to continue expanding its market presence and invest in new technologies and products[60] - The company is committed to improving its performance evaluation and compensation management system for senior management to drive efficiency and development[80] - The company is focusing on integrating online and offline shopping channels to enhance consumer experience and meet upgraded consumption demands[108] - The company plans to acquire 100% equity of the duty-free group, enhancing its strategic procurement resources and market development in the duty-free business[120] - The company is committed to fulfilling its social responsibilities during the pandemic by enhancing the production and supply of essential materials[129] Market and Industry Context - The health industry is projected to exceed RMB 16 trillion by 2030, driven by national policies supporting the "Healthy China" initiative[113] - The company is closely monitoring national and local policy changes to enhance its risk management capabilities in the real estate sector[191] - The company has received over 450 real estate regulatory policies across various provinces and cities in 2021, indicating a tightening market environment[135] - The company is positioned to benefit from policy support in Hainan and Hengqin, enhancing its business prospects in these regions[136] Operational Efficiency and Management - The company has established a rigorous quality management system, enhancing its reputation in the industry[141] - The company has accumulated over 20 years of experience in urban development and construction, contributing to its competitive advantage[141] - The company has a strong management team focused on talent development and corporate culture to ensure effective strategy implementation[151] - The company has established a differentiated compensation system linked to performance to enhance employee motivation and align actions with corporate goals[77] Asset Management - The company’s investment properties increased in value to RMB 3,199,568,339.11 from RMB 2,693,183,250.37, indicating successful asset management strategies[35] - The company reported a significant increase in intangible assets, which rose by 78.26% to 83,376,932.88, representing 0.25% of total assets[173] - The company’s total liabilities and equity amounted to RMB 32,931,269,465.12, down from RMB 37,470,008,240.94, suggesting a contraction in financial leverage[36] - The company’s accounts receivable decreased to RMB 289,619,181.94 from RMB 618,752,167.33, reflecting improved collection processes[35]

Financial Performance - The company's operating revenue for the third quarter was ¥599,753,231.61, a decrease of 78.41% compared to the same period last year[3]. - The net profit attributable to shareholders for the third quarter was ¥58,552,855.24, down 65.83% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥55,790,841.72, reflecting a decline of 69.14% compared to the previous year[3]. - The net profit attributable to shareholders for the year-to-date period was ¥154,461,011.99, down 75.89% compared to the same period last year[3]. - The company's total revenue for the first three quarters of 2022 was approximately ¥2.75 billion, compared to ¥6.17 billion in the same period of 2021, indicating a decline[71]. - The net profit for the third quarter of 2022 was approximately ¥152.43 million, a decrease from ¥638.91 million in the same quarter of 2021[72]. - Total comprehensive income attributable to the parent company was CNY 170,217,150.32, a decrease of 73.98% compared to CNY 629,993,975.87 in the same period last year[74]. - Basic and diluted earnings per share were both CNY 0.08, down from CNY 0.35 year-over-year[74]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥360,905,580.42, a significant decrease of 86.52% year-on-year[3]. - Net cash flow from operating activities was CNY 360,905,580.42, a significant decline of 86.52% from CNY 2,677,712,648.05 in the previous year[77]. - The company reported a net increase in cash flow from operating activities of CNY 3,527,676,767.96, compared to CNY 7,141,008,311.69 in the previous year, reflecting a decrease of 50.54%[77]. - Cash inflow from investment activities totaled CNY 523,786,872.87, compared to CNY 68,233,308.94 in the same period last year, indicating a substantial increase[77]. - Net cash flow from financing activities was negative CNY 720,158,865.53, an improvement from negative CNY 4,134,492,391.95 in the previous year[78]. - Cash and cash equivalents at the end of the period were CNY 1,124,790,052.81, down from CNY 1,550,088,954.40, a decrease of 27.53%[78]. Assets and Liabilities - Total assets increased by 0.92% to 33,234,764,372.58 from 32,931,269,465.12[42]. - Current assets rose to 26,196,922,042.30, up from 25,558,408,671.64, indicating a growth of approximately 2.52%[42]. - Non-current assets decreased by 4.54% to 7,037,842,330.28 from 7,372,860,793.48[42]. - Total liabilities as of September 30, 2022, were approximately ¥24.08 billion, compared to ¥23.91 billion in the previous year[51]. - Total liabilities increased to CNY 24,076,567,538.21 from CNY 23,907,952,496.94, reflecting a growth of 0.71%[85]. - Long-term borrowings rose to CNY 9,258,143,373.47, up from CNY 8,099,103,977.98, indicating an increase of 14.29%[81]. Operating Costs and Expenses - The company's operating costs for the first three quarters of 2022 were approximately ¥2.83 billion, down from ¥5.44 billion in the same period of 2021[71]. - The company's research and development expenses for the third quarter of 2022 were approximately ¥2.60 million, slightly up from ¥2.34 million in the same quarter of 2021[71]. Corporate Developments - The company plans to actively promote the management of its subsidiary Tianlong Technology Co., Ltd. by Kewah Bioengineering Co., Ltd.[24]. - The company is currently undergoing a major asset restructuring, which is temporarily suspended pending further developments[24]. - The company has received court rulings that have lifted restrictions on its shareholder rights related to its 62% stake in Tianlong Technology[48]. - The company is in the process of negotiating a settlement regarding arbitration cases involving its associate company, Kehua Bio[48].

Financial Performance - The company's operating revenue for Q3 2022 was ¥599,753,231.61, a decrease of 78.41% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2022 was -¥156,773,709.71, representing a decline of 191.49% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥159,535,723.23, down 188.25% from the previous year[6] - Basic earnings per share for Q3 2022 were -¥0.08, a decrease of 180.00% year-on-year[9] - The net profit for the third quarter of 2022 was -62,892,136.71 RMB, compared to a net profit of 638,914,506.19 RMB in the same period of 2021, representing a significant decline[39] - The total profit for the third quarter was -71,601,240.52 RMB, down from 826,549,306.12 RMB year-over-year[39] - The basic and diluted earnings per share were both -0.03 RMB, compared to 0.35 RMB in the previous year[41] - The total comprehensive income for the third quarter was -47,254,905.93 RMB, compared to 628,266,962.44 RMB in the same period of 2021[41] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥360,905,580.42, a decrease of 86.52% compared to the same period last year[6] - Cash inflows from operating activities totaled 3,527,676,767.96 RMB, a decrease from 7,141,008,311.69 RMB in the same period last year[44] - Cash outflows from operating activities amounted to 3,166,771,187.54 RMB, compared to 4,463,295,663.64 RMB in the previous year[44] - The net cash flow from operating activities was 360,905,580.42 RMB, down from 2,677,712,648.05 RMB year-over-year[44] - The net cash flow from investing activities was 505,454,824.60 RMB, compared to -31,378,744.11 RMB in the same period last year[46] - The net cash flow from financing activities was -720,158,865.53 RMB, an improvement from -4,134,492,391.95 RMB in the previous year[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥32,881,552,040.04, an increase of 0.27% from the end of the previous year[9] - The equity attributable to shareholders at the end of the reporting period was ¥8,802,406,692.85, a decrease of 0.88% from the previous year[9] - The total assets of the company as of the reporting date were approximately $32.88 billion, slightly up from $32.79 billion[33] - Total liabilities increased to approximately $24.08 billion from $23.91 billion year-on-year[33] - Long-term borrowings rose to approximately $9.26 billion, compared to $8.10 billion in the previous year[33] - The company's equity attributable to shareholders was approximately $8.80 billion, a slight decrease from $8.88 billion year-on-year[33] Revenue and Costs - Total operating revenue for the first three quarters of 2022 was approximately $2.75 billion, a decrease from $6.17 billion in the same period of 2021[35] - Total operating costs for the first three quarters of 2022 amounted to approximately $2.83 billion, down from $5.44 billion year-on-year[35] - The company's net investment income for the first three quarters of 2022 was approximately $5.63 million, compared to $132.31 million in the same period of 2021[35] Cash and Receivables - As of September 30, 2022, the company reported cash and cash equivalents of CNY 1,971,366,142.51, an increase from CNY 1,479,832,141.75 on December 31, 2021, representing a growth of approximately 33.3%[27] - The company's accounts receivable increased to CNY 361,356,812.05 from CNY 289,619,181.94, reflecting a growth of about 24.8% year-over-year[27] - Inventory stood at CNY 23,272,793,860.69, slightly decreasing from CNY 23,354,222,314.55, indicating a marginal decline of approximately 0.3%[27] - The cash and cash equivalents at the end of the period were 1,124,790,052.81 RMB, down from 1,550,088,954.40 RMB year-over-year[46] Strategic Developments - The decline in operating revenue was primarily due to reduced revenue recognition in the real estate sector, influenced by market conditions and the impact of COVID-19[14] - The company reported a significant decrease in cash flow from sales, contributing to the overall decline in financial performance[14] - The company has not disclosed any new product developments or market expansion strategies in this report[14] - The company is currently in a negotiation phase regarding arbitration with a subsidiary, with ongoing plans to acquire 38% equity in Xi'an Tianlong Technology Co., Ltd. and Suzhou Tianlong Biotechnology Co., Ltd.[23] - The company has suspended its major asset restructuring process due to regulatory requirements, with updates to be disclosed as the situation progresses[26] - The company has engaged in securities lending activities, with 2,770,000 shares involved in the securities lending program[21] - The company’s major shareholders do not have any known relationships or coordinated actions with other shareholders, ensuring independent ownership structures[20] - The company is actively working to resolve litigation disputes related to its subsidiary, aiming to restore shareholder rights and manage associated risks[23] - The company’s total assets and liabilities will be disclosed in future reports, with a focus on maintaining transparency in financial performance[26] Research and Development - Research and development expenses for the first three quarters of 2022 were approximately $2.60 million, compared to $2.34 million in the same period of 2021[35] - Deferred tax assets increased to approximately $628.00 million from $593.07 million year-on-year[33]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,154,787,271.55, a decrease of 36.46% compared to ¥3,391,313,262.05 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥95,908,156.75, down 79.56% from ¥469,292,014.63 in the previous year[23]. - The net cash flow from operating activities was ¥345,049,877.99, a significant decline of 86.83% compared to ¥2,620,401,781.93 in the same period last year[23]. - The basic earnings per share for the first half of 2022 was ¥0.05, representing an 80.00% decrease from ¥0.25 in the previous year[24]. - The weighted average return on net assets was 1.07%, down 4.21 percentage points from 5.28% in the same period last year[24]. - The company achieved operating revenue of RMB 2.155 billion, a year-on-year decrease of 36.46%[42]. - Net profit attributable to shareholders was RMB 96 million, down 79.56% year-on-year[41]. - Operating cash flow decreased by 86.83%, totaling RMB 345 million, primarily due to reduced sales collections[42]. - The net profit after deducting non-recurring gains and losses is approximately 95.90 million RMB, a decrease of 80.33% year-on-year[161]. - The interest coverage ratio has decreased by 53.62% to 0.64, indicating a decline in profitability[161]. Assets and Liabilities - The total assets at the end of the reporting period were ¥32,936,973,785.11, a slight increase of 0.44% compared to ¥32,793,502,605.08 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were ¥8,947,135,045.87, an increase of 0.75% from ¥8,880,945,715.41 at the end of the previous year[23]. - Total assets increased to CNY 32,936,973,785.11 from CNY 32,793,502,605.08, reflecting a growth of approximately 0.44%[171]. - Total liabilities amounted to CNY 23,986,637,513.84, slightly up from CNY 23,907,952,496.94, showing a marginal increase of about 0.33%[171]. - Short-term borrowings decreased significantly to CNY 602,952,425.00 from CNY 1,319,015,151.20, a reduction of about 54.4%[169]. - Total equity attributable to shareholders increased to CNY 8,947,135,045.87 from CNY 8,880,945,715.41, representing a growth of approximately 0.75%[171]. Cash Flow - The company reported a significant increase in other payables, rising to CNY 3,818,028,529.85 from CNY 1,998,411,438.95[178]. - The total cash outflow from operating activities was CNY 2,151,853.97 million, compared to CNY 3,295,322.01 million in the first half of 2021[191]. - The net cash flow from operating activities for the first half of 2022 was 168,218,104.28, a decrease of 93.5% compared to 2,574,904,805.82 in the first half of 2021[198]. - Cash inflow from financing activities was 1,257,771,932.93, an increase from 800,000,000.00 in the previous year[200]. - The net cash flow from financing activities was -22,135,133.40, a significant improvement from -4,007,766,335.00 in the first half of 2021[200]. Strategic Initiatives - The company is expanding into new industries, focusing on real estate, consumer goods, and the biopharmaceutical health sector, with a strategic emphasis on high-end residential properties[34]. - The company plans to leverage opportunities in the Greater Bay Area and Hainan Free Trade Port to enhance overall competitiveness[56]. - The company is focused on optimizing project investment structures and expanding financing channels to support development during its transformation phase[56]. - The company plans to enhance market expansion strategies and invest in new technologies to drive future growth[182]. Governance and Compliance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[6]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[8]. - The company has made commitments to avoid competition with Haidao Company and to reduce and standardize related party transactions[69]. - The company has a long-term commitment to improve its governance structure and ensure independence from related parties in personnel, finance, assets, and business[69]. - The company has confirmed that there are no ongoing investigations by judicial authorities or the China Securities Regulatory Commission regarding criminal or regulatory violations[94]. Risks and Challenges - The company has detailed descriptions of industry risks and market risks in the report, which investors should review[10]. - The real estate industry faces challenges due to economic pressures, but government policies are expected to support a gradual recovery in the second half of 2022[32]. - The report indicates that there is uncertainty regarding the outcome of the arbitration, which may pose investment risks[128]. Shareholder Information - The company held three temporary shareholder meetings in 2022, with the first on January 7, the second on February 16, and the third on April 11[58][61]. - As of the report date, the total number of ordinary shareholders was 73,849[135]. - The largest shareholder, Zhuhai Investment Holdings, holds 842,344,480 shares, representing 44.69% of the total shares, with 420,000,000 shares pledged[137]. Bond Issuance - The company issued bonds totaling 1,020,000,000 RMB with a 6% interest rate, maturing in May 2023[146]. - The company also issued bonds of 600,000,000 RMB at a 3.5% interest rate, maturing in July 2023[146]. - Another bond issuance of 600,000,000 RMB at a 4.2% interest rate is set to mature in July 2023[146]. - The company has a bond issuance of 800,000,000 RMB at a 6.5% interest rate, maturing in June 2023[149]. - A new bond issuance of 400,000,000 RMB at a 7% interest rate is scheduled to mature in March 2025[149].

Financial Performance - The company's operating revenue for 2021 was ¥7,133,106,865.27, representing an increase of 11.65% compared to ¥6,388,966,672.69 in 2020[23]. - The net profit attributable to shareholders for 2021 was ¥320,557,782.53, a decrease of 42.63% from ¥558,726,895.90 in 2020[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 322.10 million, a decrease of 42.04% compared to CNY 555.73 million in the previous year[26]. - Basic earnings per share decreased by 43.33% to CNY 0.17 from CNY 0.30 in the previous year[26]. - The weighted average return on equity decreased by 3.15 percentage points to 3.73% from 6.88% in the previous year[26]. - The net profit attributable to shareholders for Q4 was CNY -320.08 million, primarily due to reduced settlement amounts for entrusted development projects[31]. - The total revenue for Q3 was CNY 2.78 billion, with Q1 and Q2 revenues of CNY 1.72 billion and CNY 1.67 billion respectively[27]. - The company achieved a revenue of 7.133 billion yuan in 2021, representing a year-on-year growth of 11.65%[58]. - The operating cost for the same period was 5.285 billion yuan, which increased by 18.19% compared to the previous year, primarily due to the growth in the real estate sector[63]. - The total assets decreased by 12.48% to CNY 32.79 billion from CNY 37.47 billion in the previous year[26]. - The company reported a significant increase of 90.10% in net cash flow from operating activities, amounting to 3.460 billion yuan[59]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of ¥1 per 10 shares, totaling approximately ¥188,500,579.50 based on a total share capital of 1,885,005,795 shares[6]. - The company's profit available for distribution to shareholders at the end of 2021 was 1,117,143,931 RMB[155]. - The company has a complete decision-making process for profit distribution, ensuring the protection of minority shareholders' rights[155]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to CNY 1,848.50 million[122]. - The company held one shareholders' meeting during the reporting period, ensuring equal voting rights for all shareholders, particularly minority shareholders[111]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company adheres to internal control regulations to ensure compliance and enhance operational management and risk prevention capabilities[115]. - The internal control audit for 2021 was conducted by a reputable accounting firm, resulting in a standard unqualified opinion[164]. - The company conducted a self-examination in accordance with the China Securities Regulatory Commission's requirements and found no major issues needing rectification in corporate governance[166]. - The company has committed to improving its internal control systems and enhancing corporate governance continuously[166]. Strategic Initiatives and Future Plans - The company is developing the "Hainan Sanya He Lian Central Business District" project, which is expected to become a high-end tourism retail commercial project, receiving significant attention as a key project in Hainan Province for 2021[40]. - The company plans to acquire 100% equity of the duty-free group to enhance its strategic procurement resources and strengthen its core competitiveness in the duty-free business[41]. - The company aims to optimize its industrial structure, focusing on duty-free business, biomedicine, and high-quality real estate as core sectors[99]. - The company plans to enhance its procurement operations and develop duty-free and cross-border business models in 2022[102]. - The company will accelerate the construction of key projects such as the Sanya Heliang project and the Hengqin Innovation project to support its strategic layout in the consumer sector[102]. Market and Industry Insights - The real estate industry is expected to see continued policy support in 2022, focusing on meeting reasonable housing demands[95]. - The health industry is projected to exceed RMB 16 trillion by 2030, driven by national policies and an aging population[96]. - The company is actively responding to the "Yue Gang Ao Greater Bay Area" policy to promote transformation and upgrade its industrial structure for high-quality development[41]. - The company is leveraging its flexible operational system to enhance the "online + offline" shopping channels and membership marketing system for better consumer service[39]. Employee and Management Information - The company reported a total of 1,641 employees, with 70 in the parent company and 293 in major subsidiaries[149]. - The workforce includes 870 production staff, 188 sales personnel, and 387 technical staff[149]. - The company has implemented a differentiated compensation system linked to performance to align employee actions with corporate goals[150]. - Monthly training programs are organized covering various topics such as project management and customer relations[151]. Risk Management - The company has detailed descriptions of industry and market risks in the report, emphasizing the need for investors to understand potential risks[8]. - The company is closely monitoring national and local policy changes to improve its risk resistance capabilities amid significant policy risks in the real estate sector[106]. - The company is committed to enhancing its R&D and production capabilities for essential pandemic prevention materials, such as masks, to support the efficient supply system for epidemic prevention and livelihood materials in Zhuhai[105]. Related Party Transactions and Conflicts of Interest - The company has committed to avoiding any competitive business activities with Gree Real Estate to prevent conflicts of interest[174]. - The company has pledged to reduce and standardize related party transactions with Gree Real Estate[174]. - The Urban Construction Group and its controlled companies will not participate in any business activities that may compete with Gree Real Estate, ensuring no conflicts of interest arise[180].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,343,141,536.58, a decrease of 22.13% compared to the same period last year[5] - Net profit attributable to shareholders was ¥129,387,829.06, down 43.21% year-on-year[7] - Basic and diluted earnings per share were both ¥0.07, representing a decrease of 41.67%[5] - Net profit for the first quarter was CNY 128.99 million, down from CNY 227.41 million, indicating a decline of approximately 43.3% year-over-year[35] - Total revenue for the first quarter decreased to CNY 1.34 billion from CNY 1.72 billion, a drop of around 22.5% year-over-year[33] - The company reported a decrease in commission income to CNY 1.18 billion from CNY 1.45 billion, a decline of about 18.4% year-over-year[33] - The company’s comprehensive income totaled CNY 130.76 million, down from CNY 227.63 million, reflecting a decrease of approximately 42.5% year-over-year[35] - The company reported a net investment income of CNY 5.58 million, significantly down from CNY 61.17 million, indicating a decline of approximately 90.9% year-over-year[35] Cash Flow - The net cash flow from operating activities was ¥188,889,335.76, reflecting a significant decline of 84.56%[5] - The total cash inflow from operating activities was CNY 1,250,463,278.62, a decrease of approximately 62.4% compared to CNY 3,320,082,673.14 in the same period last year[37] - The net cash flow from operating activities was CNY 188,889,335.76, down from CNY 1,223,265,918.81, reflecting a decline of about 84.5% year-over-year[37] - Cash inflow from investment activities totaled CNY 517,555,775.40, significantly higher than CNY 49,216,030.41 in the previous year[39] - The net cash flow from investment activities was CNY 512,342,372.50, compared to a negative CNY 9,689,350.49 in the same quarter last year[39] - Cash inflow from financing activities reached CNY 2,290,640,000.00, an increase from CNY 1,189,300,000.00 year-over-year[39] - The net cash flow from financing activities was CNY 563,761,595.50, up from CNY 328,719,276.67 in the previous year[39] - The total cash and cash equivalents at the end of the period amounted to CNY 2,238,829,761.23, down from CNY 4,584,985,640.83 at the end of the same quarter last year[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥34,078,159,229.90, an increase of 3.92% from the end of the previous year[7] - The company's total liabilities as of March 31, 2022, were RMB 34,078,159,229.90, compared to RMB 32,793,502,605.08 at the end of 2021, marking an increase of about 3.9%[27] - Total liabilities increased to CNY 24.91 billion, up from CNY 23.91 billion, representing a growth of approximately 4.2% year-over-year[30] - Owner's equity rose to CNY 9.17 billion, compared to CNY 8.89 billion, reflecting an increase of about 3.2% year-over-year[32] - The company's long-term equity investments were valued at RMB 1,841,654,012.41, a slight increase from RMB 1,839,124,727.04[27] - The total non-current assets decreased to RMB 6,681,136,469.15 from RMB 7,235,093,933.44, reflecting a decline of approximately 7.7%[27] Shareholder Information - The top ten shareholders held a combined 52.27% of the company's shares, with the largest shareholder owning 44.44%[15] - Shareholders' equity attributable to the parent company was ¥9,168,387,172.81, up 3.24% year-on-year[7] Other Financial Metrics - The weighted average return on equity was 1.44%, a decrease of 1.23 percentage points[5] - Non-recurring gains and losses included government subsidies amounting to ¥801,652.72[8] - Accounts receivable increased to RMB 489,367,485.54 from RMB 289,619,181.94, representing a growth of about 69% year-over-year[23] - Total current assets reached RMB 27,397,022,760.75, up from RMB 25,558,408,671.64, indicating an increase of approximately 7.2%[27] - Inventory stood at RMB 23,366,055,759.36, slightly up from RMB 23,354,222,314.55, showing a marginal increase[27] - The company has not disclosed any new product developments or market expansion strategies in the current report[23]