Financial Performance - The company reported a revenue of 868.72 million RMB for the first half of 2014, a decrease of 9.97% compared to the same period last year[25]. - Net profit attributable to shareholders was 134.19 million RMB, down 28.65% year-on-year[25]. - Basic earnings per share decreased to 0.23 RMB, reflecting a decline of 30.30% from the previous year[22]. - The weighted average return on net assets was 4.43%, down 2.70 percentage points from the same period last year[22]. - Total operating revenue for the first half of 2014 was CNY 868,720,810.31, a decrease of 9.96% compared to CNY 964,923,502.46 in the same period last year[79]. - Net profit for the first half of 2014 was CNY 134,191,398.10, a decline of 28.38% from CNY 187,374,682.05 in the previous year[79]. - The comprehensive income totalled CNY 51,247,156.02, significantly lower than CNY 176,005,377.84 in the previous year, indicating a decline in overall financial performance[79]. - The company reported a significant increase in cash paid for purchasing goods and services, rising to $838.91 million from $462.73 million, indicating an 81.2% increase[85]. - The company reported a net cash outflow of $143.02 million from operating activities in the first half of 2014, compared to a net outflow of $76.49 million in the same period last year[89]. Assets and Liabilities - Total assets at the end of the reporting period were 15.71 billion RMB, an increase of 0.25% from the end of the previous year[25]. - The total liabilities of Gree Real Estate were CNY 12,772,994,835.73, up from CNY 12,669,739,773.83, indicating an increase of approximately 0.81%[74]. - The company's equity totaled CNY 2,937,895,981.53, down from CNY 3,002,167,705.51, reflecting a decrease of about 2.15%[74]. - The total equity at the beginning of the year was CNY 3,002,167,705.51, indicating a decline in equity over the first half of 2014[91]. - The total equity attributable to the parent company at the end of the reporting period is CNY 2,937,895,981.53, a decrease of CNY 64,271,723.98 compared to the beginning of the year[91]. - The total amount of long-term receivables increased to ¥490,056,912.75, up from ¥439,795,306.72 at the beginning of the period[193]. Cash Flow - The company experienced a net cash flow from operating activities of -392.92 million RMB, indicating a significant decline compared to 54.35 million RMB in the previous year[25]. - Cash inflow from operating activities decreased to $727.43 million from $1.18 billion, a decline of approximately 38.3%[85]. - Cash outflow from operating activities was $1.12 billion, slightly down from $1.13 billion, resulting in a net cash flow from operating activities of -$392.92 million compared to $54.35 million in the previous period[85]. - Cash inflow from investment activities was $51.68 million, while cash outflow was $1.64 million, leading to a net cash flow from investment activities of $50.04 million[86]. - Cash inflow from financing activities totaled $1.14 billion, down from $2.99 billion, with cash outflow of $1.21 billion compared to $1.42 billion previously, resulting in a net cash flow from financing activities of -$72.57 million[86]. Shareholder Information - As of the report date, Gree Group holds 300 million shares of the company, representing 51.94% of total shares, with no pledged shares[59]. - The company has a total of 24,237 shareholders, with the top ten shareholders holding significant stakes, including Gree Group at 51.94%[63]. - Gree Group plans to transfer 51.94% of its shares in the company to a newly established wholly-owned company, while retaining actual control[56]. - The company distributed cash dividends of ¥2 per 10 shares, totaling ¥115,518,880.00 for the 2013 fiscal year[43]. Real Estate Operations - The real estate segment generated 854.28 million RMB in revenue, a decrease of 9.97% year-on-year, with a gross margin of 31.25%[31]. - The company continues to focus on its development strategy centered on Zhuhai, emphasizing investments in real estate and modern service industries[27]. - Gree Real Estate achieved a brand value ranking among the top 50 real estate developers in China in 2013, establishing a strong reputation nationwide[34]. - The company acquired three land parcels in Zhuhai for a total price of ¥44,951,000, with areas ranging from 30,831.51 to 53,100.31 square meters[51]. Governance and Compliance - The company has not faced any significant discrepancies with the regulatory requirements for corporate governance as per the China Securities Regulatory Commission[55]. - The company’s governance structure has been continuously improved, with regular meetings held to ensure compliance and transparency[55]. - The company has not reported any administrative penalties or public reprimands from the China Securities Regulatory Commission[54]. - The company has strengthened its investor relations management, including hosting online briefings and maintaining communication channels with investors[55]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards, reflecting the company's financial position as of June 30, 2014[107]. - The company’s accounting policies are based on the accrual basis, with historical cost as the measurement basis for most financial statements[105]. - The company recognizes revenue from sales of goods when the ownership risks and rewards have been transferred to the buyer, and the related economic benefits are likely to flow into the company[151]. - The company assesses assets for impairment at the balance sheet date, estimating recoverable amounts and conducting impairment tests when there are indications of impairment[157]. Investments and Subsidiaries - The company holds a 1.15% stake in Gree Electric Appliances, with an initial investment cost of ¥2,757,855.21 and a year-end book value of ¥1,014,624,269.65, reflecting a report period profit of ¥51,678,655.51[36]. - Gree Real Estate's subsidiary, Zhuhai Gree Real Estate Co., Ltd., reported total assets of ¥1,508,795,000 and a net profit of ¥10,614,000[41]. - The company has established several wholly-owned subsidiaries, including Xi'an Gree Real Estate Development Co., Ltd. with a registered capital of CNY 1,000 million[165]. - Gree Real Estate's subsidiary, Gree Building Materials, has a registered capital of 5,000 million CNY and focuses on construction materials and engineering services[172].

Financial Performance - Operating revenue for the first quarter was ¥461,751,599.62, a decrease of 13.58% year-on-year [12]. - Net profit attributable to shareholders was ¥66,884,279.40, down 24.17% from the same period last year [12]. - Basic earnings per share decreased by 20.00% to ¥0.12 compared to ¥0.15 in the previous year [12]. - The weighted average return on net assets fell by 1.13 percentage points to 2.28% [12]. - Total operating revenue for the current period is ¥461,751,599.62, a decrease of 13.6% from ¥534,315,839.97 in the previous period [28]. - Operating profit for the current period is ¥81,915,931.77, a decline of 32.8% compared to ¥121,891,786.84 in the previous period [28]. - Net profit for the current period is ¥66,470,255.51, down 24.2% from ¥87,764,461.70 in the previous period [28]. - Comprehensive income total for the current period is -¥53,941,011.81, compared to ¥167,091,197.89 in the previous period [28]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥314,526,681.62, compared to a net inflow of ¥17,824,211.54 in the previous year [12]. - Cash flow from operating activities shows a net outflow of -¥314,526,681.62, contrasting with a net inflow of ¥17,824,211.54 in the previous period [34]. - Total cash outflow from operating activities was CNY 170,575,472.96, significantly higher than CNY 3,700,312.12 in the previous period [37]. - Net cash flow from operating activities was negative CNY 121,334,349.01, compared to negative CNY 3,447,782.13 in the previous period [37]. - Cash paid to employees was CNY 4,136,159.36, compared to CNY 1,616,162.20 in the previous period [37]. - Cash paid for taxes was CNY 5,022,169.71, up from CNY 1,361,137.13 in the previous period [37]. - Cash paid for other operating activities was CNY 127,495,182.98, compared to CNY 723,012.79 in the previous period [37]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥15,825,617,723.82, an increase of 0.98% compared to the end of the previous year [11]. - The total liabilities increased to CNY 12.88 billion from CNY 12.67 billion, representing a rise of about 1.66% [23]. - Current assets totaled CNY 14.17 billion, up from CNY 13.86 billion, indicating an increase of approximately 2.23% [22]. - The company's cash and cash equivalents decreased to CNY 1.29 billion from CNY 1.43 billion, a decline of about 9.39% [22]. - The inventory balance rose to CNY 12.72 billion, compared to CNY 12.28 billion at the beginning of the year, marking an increase of approximately 3.59% [22]. - The total current liabilities amounted to CNY 7.93 billion, up from CNY 7.85 billion, indicating an increase of approximately 1.02% [23]. - The total equity attributable to shareholders decreased to CNY 2.91 billion from CNY 2.96 billion, a decline of about 2.24% [23]. Shareholder Information - The total number of shareholders reached 25,596 at the end of the reporting period [15]. - The largest shareholder, Zhuhai Gree Group Co., Ltd., holds 51.94% of the shares, totaling 300,000,000 shares [15]. - The controlling shareholder intends to transfer 51.94% of the company's shares to a newly established wholly-owned company [20]. Other Financial Metrics - Cash flow from financing activities decreased by 80.90% to ¥181,722,048.34 due to reduced bank borrowings [19]. - The company reported a decrease in employee compensation payable from CNY 25.99 million to CNY 3.88 million, a significant reduction of approximately 85.09% [23]. - Long-term borrowings increased to CNY 4.46 billion from CNY 4.29 billion, reflecting a growth of about 3.93% [23]. - The company incurred financial expenses of ¥466,813.55, significantly reduced from ¥7,933,039.57 in the previous period [28]. - The company reported a significant increase in sales expenses to ¥13,808,478.20 from ¥34,310,727.53 in the previous period [28]. - Operating income increased by 269.19% to ¥567,138.66 due to increased penalties collected [19]. - The company reported no significant new product launches or technological developments during the quarter [14].

Financial Performance - In 2013, the company's operating revenue reached RMB 2,163,601,350.84, representing a 33.25% increase compared to RMB 1,623,670,675.97 in 2012[29]. - The net profit attributable to shareholders was RMB 352,767,958.02, up 9.77% from RMB 321,371,350.38 in the previous year[29]. - The basic earnings per share increased to RMB 0.61, a 9.77% rise from RMB 0.56 in 2012[27]. - The total assets of the company at the end of 2013 were RMB 15,671,907,479.34, reflecting a 22.94% increase from RMB 12,747,297,831.80 in 2012[29]. - The company's net assets attributable to shareholders increased by 16.61% to RMB 2,964,868,065.50 from RMB 2,542,609,400.79 in 2012[29]. - The weighted average return on equity decreased to 13.21%, down 1.6 percentage points from 14.81% in 2012[27]. - The company reported a significant increase in sales expenses, which rose by 91.23% to CNY 123.51 million, primarily due to increased advertising and marketing efforts[43]. - The company’s gross profit margin in the real estate sector decreased by 6.85 percentage points to 40.63%[45]. Cash Flow and Financing - The net cash flow from operating activities was negative at RMB -127,763,159.20, compared to RMB -1,362,069,763.11 in 2012[29]. - Cash flow from financing activities surged by 145.28% to CNY 928.58 million, attributed to increased bank loans compared to the previous year[44]. - The company’s cash flow from operating activities showed a net outflow of CNY 127.76 million, an improvement from a much larger outflow of CNY 1,362.07 million in the previous year[44]. - The company’s long-term borrowings increased by 45.83% to CNY 4,290.99 million, indicating a rise in financing for long-term projects[49]. - The net cash flow from financing activities was 928,579,224.42 RMB, compared to 378,532,700.37 RMB in the prior period, showing an increase of approximately 145.0%[171]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 2 per 10 shares, totaling RMB 115,518,880.00, subject to shareholder approval[6]. - The company distributed a cash dividend of RMB 115,518,880.00, which is RMB 2 per 10 shares, for the year 2013[71]. - The net profit attributable to shareholders for 2013 was RMB 352,767,958.02, with a dividend payout ratio of 32.75%[73]. - The company did not propose any stock dividends or capital reserve transfers for 2013[71]. Governance and Management - The company has established a rigorous quality management system, focusing on high-quality construction and project management[52]. - The company has appointed Ruihua Certified Public Accountants (Special General Partnership) with an audit fee of RMB 450,000 for the current year[83]. - The company has established a robust internal control system and implemented an anti-fraud policy to enhance governance and prevent misconduct[137]. - The audit committee effectively supervised and evaluated both internal and external audit processes, ensuring the completion of the 2013 audit work[144]. - The company has a dedicated team for investor relations, actively engaging with investors and addressing their inquiries[137]. Strategic Initiatives and Future Plans - The company plans to enhance its brand and develop three main sectors: real estate, marine economy, and port economy[65]. - In 2014, the company aims to optimize its industrial structure and improve overall management and core competitiveness[66]. - The company anticipates a significant demand for funds in 2014 and will strengthen financing management through various channels[68]. - The company recognizes potential risks including policy, market, and financial risks, and will enhance its risk management capabilities[69]. Assets and Liabilities - The total amount of guarantees provided by the company, including those to subsidiaries, was RMB 2,763,937,300, representing 93.22% of the company's net assets[79]. - The company reported a total current liabilities of CNY 7,849,286,391.73, which increased from CNY 6,628,749,327.95, reflecting a growth of about 18.4%[161]. - The company's total liabilities reached CNY 12,669,739,773.83, up from CNY 10,165,777,422.25, indicating an increase of about 24.6%[161]. - The total equity attributable to shareholders of the parent company was CNY 2,964,868,065.50, up from CNY 2,542,609,400.79, marking an increase of approximately 16.6%[161]. Employee and Organizational Structure - The company employed a total of 1,046 staff, with 45 in the parent company and 259 in major subsidiaries[122]. - The educational background of employees shows that 2% hold a postgraduate degree or above, 31% have a bachelor's degree, and 67% have a college diploma or below[130]. - The company has established a performance evaluation system for all employees, which includes quarterly and annual assessments[124]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 6.418 million yuan (before tax)[119]. Compliance and Reporting - The company maintained strict compliance with information disclosure regulations, ensuring timely and accurate communication with shareholders[137]. - The company has not reported any significant errors in its annual report disclosures during the reporting period, indicating effective oversight and governance[153]. - The company's financial statements comply with the requirements of accounting standards and accurately reflect its financial position as of December 31, 2013, and the operating results and cash flows for the year 2013[192].