Financial Performance - The company's operating revenue for the first half of 2017 was ¥97,418,224.85, a decrease of 51.80% compared to ¥202,126,176.45 in the same period last year[14] - The net profit attributable to shareholders for the first half of 2017 was ¥14,511,241.45, down 45.76% from ¥26,753,723.48 in the previous year[14] - Basic earnings per share for the first half of 2017 were ¥0.0312, down 45.74% from ¥0.0575 in the same period last year[15] - The weighted average return on equity decreased to 0.5967% from 1.1001% in the previous year, a decline of 0.5034 percentage points[15] - The company reported a significant reduction in employee compensation payable, down 56.24% to ¥5,116,326.34[33] - Total operating revenue for the current period reached ¥97,418,224.85, a decrease from ¥202,126,176.45 in the previous period, representing a decline of approximately 51.8%[31] - Total operating costs for the first half of 2017 were CNY 97,628,413.97, down from CNY 199,959,844.87, reflecting a reduction of 51.1%[64] - Net profit for the first half of 2017 was CNY 14,522,926.27, a decline of 45.3% from CNY 26,753,529.67 in the previous year[64] Cash Flow and Liquidity - The net cash flow from operating activities was ¥171,322,515.64, a significant improvement from a negative cash flow of ¥39,963,526.90 in the same period last year[14] - The company's cash and cash equivalents at the end of the period were CNY 8,293,377.53, down from CNY 130,962,058.06, a decrease of 93.7%[61] - The ending cash and cash equivalents balance was RMB 71,102,935.21, a decrease from RMB 161,248,990.00 at the beginning of the period, reflecting a decline of approximately 56%[68] - The company reported a net cash flow from operating activities of RMB -12,337,759.87 for the parent company, contrasting with a positive RMB 30,201,792.27 in the previous year, highlighting challenges in the parent company's operations[70] - The total cash inflow from operating activities reached RMB 579,630,117.14, up from RMB 474,984,767.24 year-over-year, reflecting a growth of approximately 22%[68] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,001,645,754.00, representing a decrease of 11.98% from ¥3,410,171,055.54 at the end of the previous year[14] - The company's total equity at the end of the reporting period was RMB 2,437,178,151.00, reflecting a slight increase from RMB 2,424,980,404.84 at the beginning of the year, indicating stability in shareholder equity despite operational challenges[72] - Total liabilities decreased from RMB 985,190,650.70 to RMB 564,467,603.00, a reduction of about 42.6%[58] - Current liabilities decreased from RMB 978,568,825.15 to RMB 557,952,762.50, a decline of approximately 43.0%[58] - Accounts receivable decreased by 46.00% to ¥153,834,848.74, primarily due to the collection of construction project payments[33] Business Operations - Real estate development business sales revenue was 72.23 million RMB, down 58.99% year-on-year, with sales area of 14,100 square meters, a decrease of 47.93%[25] - The infrastructure engineering contracting business generated revenue of 3.16 million RMB, a decline of 33.87% compared to the previous year[27] - The company has a complete industrial chain layout from first-level land development to property management, enhancing its competitive edge[20] - The company is focusing on a cautious development strategy in response to market conditions, aiming to ensure financing channels and fund safety[25] Shareholder Information - The largest shareholder, Changchun Economic and Technological Development Zone Venture Capital Holding Co., Ltd., holds 21.88% of shares, with no pledges or freezes on these shares[49] - The second-largest shareholder, Changchun Economic Development State-owned Capital Holding Group Co., Ltd., holds 5.54% of shares, with 19,617,004 shares pledged[49] - The company has maintained its total share capital and structure without changes during the reporting period[45] Risks and Challenges - The company is facing significant risks from macroeconomic and policy changes, particularly in the real estate sector, which may impact operational development[38] - Intense market competition is expected, especially for companies without scale advantages, prompting the company to analyze competitive positioning and seek viable solutions for project sales[38] - The company acknowledges funding risks due to tightening financing channels under "de-leveraging" policies, emphasizing the need for prudent operational goals and exploring new financing avenues[38] Legal and Compliance - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal standing[42] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[3] - The company has not violated any decision-making procedures for providing guarantees to external parties[3] Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, ensuring the company's ability to continue its operations[82] - The company adheres to the accounting policies in accordance with the relevant enterprise accounting standards, ensuring transparency and compliance in financial reporting[83] - The company recognizes revenue from product sales when the ownership risks and rewards are transferred to the buyer, and the amount can be reliably measured[154] - Deferred tax assets and liabilities are recognized based on temporary differences between the carrying amount of assets and liabilities and their tax bases[159]

2017 年第一季度报告 公司代码：600215 公司简称：长春经开 长春经开（集团）股份有限公司 2017 年第一季度报告 1 / 15 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 非经常性损益项目和金额 √适用 □不适用 3 / 15 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 3,231,529,142.20 3,410,171,055.54 -5.24% 归属于上市公司 股东的净资产 2,422,033,964.50 2,424,843,041.84 -0.12% 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的 现金流量净额 -50,858,773.28 -178,573,332.22 不适用 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 18,251,993.81 33,075,265.12 -44.82% 归属于上市公司 股东的净利润 -2,809,077.34 - ...

Financial Performance - The company's operating revenue for 2016 was CNY 429,095,341.64, representing a 15.07% increase compared to CNY 372,888,466.21 in 2015[16] - The net profit attributable to shareholders for 2016 was CNY 7,716,673.13, a significant increase of 64.90% from CNY 4,679,634.98 in 2015[16] - The net profit after deducting non-recurring gains and losses was CNY 9,068,904.85, up 42.50% from CNY 6,364,269.62 in 2015[16] - The cash flow from operating activities for 2016 was CNY 70,959,498.74, a recovery from a negative cash flow of CNY -58,882,596.44 in 2015[16] - Basic earnings per share for 2016 were CNY 0.02, doubling from CNY 0.01 in 2015[17] - The weighted average return on equity increased to 0.32% in 2016, up from 0.19% in 2015, reflecting improved profitability[17] Asset and Liability Management - The total assets at the end of 2016 were CNY 3,410,171,055.54, a decrease of 15.72% from CNY 4,046,252,431.46 at the end of 2015[16] - The company's net assets attributable to shareholders increased slightly to CNY 2,424,843,041.84, a 0.26% increase from CNY 2,418,521,463.84 in 2015[16] - Total liabilities decreased from CNY 1,627,554,220.64 to CNY 985,190,650.70, a reduction of approximately 39.5%[126] - Current liabilities totaled CNY 978,568,825.15, down from CNY 1,469,477,845.37, representing a decrease of about 33.4%[126] Revenue Streams - The sales revenue from residential properties reached CNY 264.36 million, representing a significant growth of 64.70% year-on-year[38] - The company's total sales area of commercial housing in Changchun reached 9.0546 million square meters, with a transaction amount of 61.3 billion yuan, representing a year-on-year increase of 11%[30] - The infrastructure engineering contracting business generated revenue of CNY 119.73 million, a decrease of 28% compared to the previous year[33] - The property service and leasing business maintained stable revenue at CNY 45.00 million, showing no significant change from the previous year[33] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.05 per 10 shares, totaling CNY 2,325,164.40[2] - In 2016, the company distributed a cash dividend of 0.05 RMB per 10 shares, with a net profit margin of 30%[64] - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[66] - The company emphasizes a continuous and stable profit distribution policy, aiming for cash dividends to account for at least 30% of the average distributable profit over three years[59] Market Strategy and Development - The company aims to seek both internal and external development, promoting industrial upgrading and transformation[26] - The company plans to focus on existing housing sales and diversify marketing strategies in response to the real estate market conditions[31] - The company plans to focus on improving surrounding facilities such as subways, parks, and schools to boost project development and sales[53] - The company will adopt a "steady progress" strategy in response to uncertainties in the real estate market in Changchun[55] Corporate Governance - The current auditor is Ruihua Certified Public Accountants, with an audit fee of 950,000 RMB for the year[68] - The company has not reported any significant litigation or arbitration matters for the year[69] - The company and its major stakeholders have maintained a good integrity status, with no significant debts or court judgments unmet[69] - The board of directors has established four specialized committees: Strategy Committee, Nomination Committee, Audit Committee, and Compensation and Assessment Committee, to enhance governance[104] Employee and Management Structure - The total number of employees in the parent company is 254, while the main subsidiaries employ 111, resulting in a total of 365 employees[99] - The company has established a competitive salary system that combines base salary, performance pay, and bonuses, ensuring that management compensation is linked to the completion of annual operational targets[100] - The management team includes experienced professionals with an average tenure of over 5 years in their respective roles, indicating stability[89] - The company appointed new executives, including Zhang Cheng as Vice General Manager and Cao Jiawei as Chief Accountant, following personnel changes due to work adjustments[91] Financial Reporting and Compliance - The company's financial statements were audited and found to fairly reflect its financial position as of December 31, 2016[122] - The company has maintained compliance with legal regulations and has no significant discrepancies with the requirements set by the China Securities Regulatory Commission[105] - The internal control evaluation report was disclosed simultaneously with the annual report, confirming no significant deficiencies in internal controls[113] Future Outlook - The company expects total operating revenue of 32,570,000 yuan for 2017, a decrease of 24.09% compared to the previous year[55] - Future guidance suggests a projected growth rate of 10% in revenue for the upcoming fiscal year[90] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[133] Investment and Financing - The company will actively seek new profit growth points and explore new financing channels to mitigate risks[57] - The company received a total of CNY 18.50 million in refunds from the management committee related to the Xingshan land development project[32] - The company anticipates investment income of 7,093,000 yuan for the year[55] Sustainability and Corporate Responsibility - A focus on sustainability initiatives is being implemented, aiming for a 25% reduction in carbon emissions by 2025[90] - The company has not been identified as a key pollutant discharge unit by environmental protection authorities[73]

Financial Performance - Operating revenue increased by 104.51% to CNY 256,236,745.67 for the first nine months compared to the same period last year[8] - Net profit attributable to shareholders was CNY 15,095,483.62, a significant recovery from a loss of CNY 61,721,584.55 in the previous year[8] - The weighted average return on net assets improved to 0.6223% from -2.5880% year-on-year[8] - Basic and diluted earnings per share were CNY 0.0325, recovering from a loss of CNY 0.1327 per share in the previous year[8] - The company reported a significant increase in sales expenses by 30.80% to ¥1,745,048.10 from ¥1,334,139.64, correlating with higher property revenue[15] - The company reported a gross profit margin of approximately -20.5% for the third quarter, compared to -24.5% in the same period last year[25] - The net profit for the first nine months of 2016 was CNY 18,816,942.58, compared to a net loss of CNY 28,917,697.83 in the previous year[28] - The total comprehensive income for the first nine months of 2016 was CNY -4,936,284.14, compared to CNY -9,610,174.22 in the previous year[28] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -36,351,240.82, an improvement from CNY -203,194,056.66 in the same period last year[8] - Cash and cash equivalents decreased by 89.08% to ¥36,108,500.71 from ¥330,786,401.11, primarily used for repaying bank loans and project payments[14] - Cash flow from operating activities for the first nine months was CNY -36,351,240.82, an improvement from CNY -203,194,056.66 in the same period last year[30] - The company generated CNY 612,625,022.98 in cash inflows from operating activities, down from CNY 831,516,985.30 in the previous year[30] - The company reported a cash outflow of CNY 648,976,263.80 from operating activities, compared to CNY 1,034,711,041.96 in the previous year, indicating a reduction in cash burn[30] - The ending cash and cash equivalents balance was CNY 7,648,416.91, down from CNY 10,756,494.50 year-on-year[33] - The net increase in cash and cash equivalents for the period was -CNY 23,653,471.79, compared to -CNY 59,613,999.80 in the same period last year[33] Assets and Liabilities - Total assets decreased by 14.86% to CNY 3,444,833,715.38 compared to the end of the previous year[8] - Total liabilities decreased by 37.8% to ¥1,012,436,114.78 from ¥1,627,554,220.64, indicating a reduction in financial obligations[21] - Short-term borrowings decreased by 53.83% to ¥175,000,000.00 from ¥379,000,000.00, reflecting repayment of matured bank loans[14] - Accounts payable decreased by 39.02% to ¥283,347,062.12 from ¥464,634,178.32, primarily due to project payments made during the period[14] - Total assets decreased from CNY 3,529,423,735.36 at the beginning of the year to CNY 3,257,705,269.09 by September 30, 2016, a decline of approximately 7.7%[22] - Total liabilities decreased from CNY 1,046,305,400.20 to CNY 757,165,086.48, a decrease of approximately 27.7%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,061[12] - The largest shareholder, Changchun Economic and Technological Development Zone Venture Capital Co., Ltd., holds 21.88% of the shares[12] - The second-largest shareholder, Changchun Jingkai State-owned Assets Management Group Co., Ltd., holds 5.54% of the shares[12] Investment Performance - Investment income surged by 2012.27% to ¥38,118,596.78 from ¥1,804,624.74, attributed to expected investment returns and BT project buyback gains[15] - Cash received from investment recovery was CNY 80,536,912.75, with investment income received amounting to CNY 39,463,087.25[33]

Financial Performance - The company's operating revenue for the first half of 2016 was ¥202,126,176.45, representing a 120.50% increase compared to ¥91,666,972.98 in the same period last year[16] - The net profit attributable to shareholders of the listed company was ¥26,753,723.48, a significant recovery from a loss of ¥29,920,189.34 in the previous year[16] - The basic earnings per share for the first half of 2016 was ¥0.0575, recovering from a loss of ¥0.0643 in the same period last year[17] - The weighted average return on equity was 1.1001%, a recovery from -1.2458% in the previous year[17] - The company reported a net profit margin improvement, with retained earnings increasing to CNY 866,453,540.11 from CNY 844,095,408.52, a rise of 2.1%[73] - The total profit for the current period was ¥39,811,324.84, compared to a loss of ¥29,573,440.21 in the previous period[75] - The total comprehensive income for the current period was ¥26,753,529.67, recovering from a loss of ¥29,928,737.85 in the previous period[75] Cash Flow - The net cash flow from operating activities was -¥39,963,526.90, an improvement from -¥68,107,422.58 in the same period last year[16] - Cash flow from operating activities showed a net outflow of ¥39,963,526.90, an improvement from the outflow of ¥68,107,422.58 in the previous period[79] - Cash flow from investing activities generated a net inflow of ¥119,401,359.14, compared to a net outflow of ¥734,863.54 in the previous period[79] - The net cash flow from investing activities was RMB 119,621,708.00, a recovery from a net outflow of RMB 33,041,785.06 in the previous period[81] - The net cash flow from financing activities was negative at RMB -176,659,814.04, compared to a positive net flow of RMB 10,512,180.37 in the prior period[81] Real Estate Sales - In the first half of 2016, the company's real estate sales revenue reached 176.126 million RMB, accounting for 87.14% of total revenue, representing a 156% increase year-on-year[26] - The company's real estate sales revenue was CNY 176,126,477.54 thousand, with a gross margin of 21.27%, showing a significant year-over-year increase of 155.66% in revenue and a 165.59% increase in cost[38] - The total area of commodity housing sold in the first half of 2016 was 643.02 million square meters, a year-on-year increase of 27.9%[24] Assets and Liabilities - The total assets decreased by 14.17% to ¥3,472,871,805.87 from ¥4,046,252,431.46 at the end of the previous year[16] - Total liabilities amounted to CNY 1,028,815,160.51, a decrease of 36.8% from CNY 1,627,554,220.64 in the previous period[70] - Current liabilities totaled CNY 871,013,406.22, down 40.7% from CNY 1,469,477,845.37[70] - The total current assets decreased from CNY 2,784,602,922.60 to CNY 2,299,996,906.93, a reduction of approximately 17.4%[68] Shareholder Information - The total number of shareholders at the end of the reporting period was 35,908[58] - The largest shareholder, Changchun Economic and Technological Development Zone Venture Capital Holding Co., Ltd., holds 21.88% of the shares, with 50,862,500 shares pledged[59] - The second-largest shareholder, Changchun Economic Development State-owned Capital Holding Group Co., Ltd., holds 5.54% of the shares, with 19,617,004 shares pledged[59] Management and Governance - The company has not undergone any significant changes in its basic situation during the reporting period[10] - The company experienced changes in management, with several key personnel leaving and new appointments made[63] - The company has not reported any changes in its controlling shareholder or actual controller[61] Future Outlook - The company expects total operating revenue for 2016 to be 391.21 million RMB, with a target of achieving 51.67% of this in the first half[36] - The company anticipates an increase in sales revenue and profits in the upcoming reporting period due to a recovery in the real estate market[49] Investment and Projects - The company plans to develop the "Liuhe Yifang" project in four phases, with a total planned investment of 2.64666 billion RMB and a planned construction area of 602,626.07 square meters[26] - The total investment for the Liuhe One project was CNY 4,373,714,000, with CNY 2,422,357,700 already invested and generating a profit of CNY 13,109,818.79[49] Accounting Policies - The company has maintained a consistent accounting policy, adhering to the relevant accounting standards and regulations[91] - The company has not made any changes to accounting policies or estimates during the reporting period[55] Impairment and Provisions - The company recognizes impairment losses on financial assets when their carrying amount is reduced to the present value of expected future cash flows[116] - The company applies aging analysis to assess bad debt provisions, with rates ranging from 5% for receivables within one year to 30% for receivables over five years[125]

Financial Performance - In 2015, the company's net profit was CNY 27,033,915.90, a decrease of 49.35% compared to CNY 9,238,280.60 in 2014[3]. - The total revenue for 2015 was CNY 372,888,466.21, down 62.38% from CNY 991,238,489.95 in 2014[16]. - The basic earnings per share for 2015 was CNY 0.01, a 50% decrease from CNY 0.02 in 2014[17]. - The company reported a non-recurring loss of ¥1,684,634.64 in 2015, compared to a loss of ¥1,207,421.36 in 2014, indicating a significant increase in non-operating losses[22]. - The company’s net profit for the year was CNY 4.68 million, reflecting the challenges faced in the real estate market and inventory reduction efforts[40]. - The company reported a significant decrease in operating costs, which fell by 66.91% to CNY 270.74 million from CNY 818.25 million in the previous year[48]. - The company’s cash flow from operating activities showed a net outflow of CNY 58,882,596.44, compared to a net inflow of CNY 452,845,546.55 in 2014[16]. - The company reported a significant reduction in sales expenses, amounting to CNY 2,696,766.94, a decrease of 74.58% year-on-year due to adjustments in marketing strategies[53]. Revenue and Sales - In 2015, the company achieved total operating revenue of CNY 372.89 million, a decrease of 62.38% compared to the previous year’s revenue of CNY 991.24 million[40]. - The company completed real estate development project revenue of CNY 160.51 million, achieving 100.21% of the annual plan[40]. - The infrastructure engineering contracting projects generated revenue of CNY 166.53 million, completing 76.60% of the annual plan[40]. - The company sold 14,769.26 square meters of residential properties, generating sales revenue of CNY 99.57 million from the Liuhe Yifang project[41]. - The total sales revenue from commodity housing was CNY 160,510,373.30, with a gross profit margin of 26%, which decreased by 38% year-on-year[50]. Assets and Liabilities - The total assets at the end of 2015 were CNY 4,046,252,431.46, a slight decrease of 0.07% from CNY 4,049,035,498.15 in 2014[16]. - The company's total liabilities decreased marginally to CNY 1,627,554,220.64 from CNY 1,632,222,623.88, indicating a reduction of about 0.45%[128]. - The company's equity attributable to shareholders rose to CNY 2,418,521,463.84 from CNY 2,416,647,459.84, showing a slight increase of approximately 0.08%[128]. - The company's cash and cash equivalents at the end of the period amounted to CNY 330,786,401.11, representing an increase of 184.22% compared to the previous year[57]. - The total amount of guarantees provided by the company to subsidiaries during the reporting period was CNY 25 million[82]. Dividends and Profit Distribution - The company proposed a cash dividend of CNY 0.03 per share, totaling CNY 1,395,098.64, which represents 30% of the net profit attributable to shareholders[3]. - The company plans to distribute at least 30% of its average distributable profit over the past three years as cash dividends, ensuring sustainable operations[73]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits, which requires detailed disclosure of reasons and future plans[78]. - The company’s independent directors have supported the modification of the profit distribution policy, emphasizing the balance between shareholder returns and sustainable development[75]. Market and Business Strategy - The real estate development business is currently focused on projects such as the Liuhe Yifang residential development and the Xinglongshan shantytown renovation project, which are influenced by the market environment in Changchun[25]. - The company is actively expanding its market presence by increasing its bidding efforts for projects outside its primary area[27]. - The company plans to focus on the development of affordable housing projects to seek new profit growth points[61]. - The company aims to enhance its asset scale and efficiency through investment and acquisition strategies[66]. - The company is facing risks related to market competition and potential declines in revenue from infrastructure contracting due to increased competition[68]. Governance and Management - The company has appointed new board members and executives, reflecting a strategic shift in management[100]. - The board of directors has established four specialized committees: Strategy Committee, Nomination Committee, Audit Committee, and Compensation and Assessment Committee, to oversee various aspects of corporate governance[110]. - The company has not engaged in any major litigation or arbitration matters during the reporting period, maintaining a good integrity status[80]. - The company adheres to legal regulations and has established a governance structure that effectively protects the interests of investors[109]. Accounting and Financial Reporting - The financial statements were prepared based on the going concern assumption, adhering to the relevant accounting standards[147]. - The company’s financial reports comply with the requirements of the Chinese Securities Regulatory Commission[150]. - The main currency for accounting is the Renminbi, reflecting the economic environment in which the company operates[153]. - The company recognizes its share of assets, liabilities, and income from joint operations based on its ownership interest[164]. Employee and Workforce Management - The total number of employees is 5,009, indicating a stable workforce[99]. - The company has established a competitive salary system that combines base salary, performance pay, and bonuses, linking management compensation to the completion of annual operational targets[106]. - The company provides statutory benefits including "five insurances and one fund" and paid leave for its employees[106]. - The company has a training plan for middle management and regular employees, focusing on internal training and external expert training to meet development needs[107].

| 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 2016 年第一季度报告 一、 重要提示 二、 公司主要财务数据和股东变化 2016 年第一季度报告 公司代码：600215 公司简称：长春经开 长春经开（集团）股份有限公司 2016 年第一季度报告 1 / 16 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | --- | --- | --- | --- | | | | | 减(%) | | 总资产 | 3,906,272,891.56 | 4,046,252,431.46 | -3.46 | | 归属于上市公司 | 2,397,985,648.87 | 2,418,521,463.84 | -0.85 | | 股东的净资产 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | 经营活动产生的 | -178,573,332.22 | -82,726,1 ...

长春经开（集团）股份有限公司 2015 年第三季度报告 公司代码：600215 公司简称：长春经开 长春经开（集团）股份有限公司 2015 年第三季度报告 1 / 21 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 长春经开（集团）股份有限公司 2015 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员应当保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陈平、主管会计工作负责人黄大光及会计机构负责人（会计主管人员）刘晨辉保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 21 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 4,068,7 ...

Financial Performance - The company's operating revenue for the first half of 2015 was ¥91,666,972.98, a decrease of 9.87% compared to ¥101,702,386.04 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was -¥29,920,189.34, an improvement from -¥48,470,784.53 in the previous year[16]. - The net cash flow from operating activities was -¥68,107,422.58, compared to ¥414,647,384.13 in the same period last year[16]. - The total assets at the end of the reporting period were ¥3,929,633,711.94, down 2.95% from ¥4,049,035,498.15 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company decreased by 1.35% to ¥2,384,036,038.30 from ¥2,416,647,459.84 at the end of the previous year[16]. - The basic earnings per share for the first half of 2015 was -¥0.0643, an improvement from -¥0.1042 in the same period last year[17]. - The weighted average return on net assets was -1.2458%, an improvement from -2.0318% in the previous year[17]. - The company reported a total profit of -¥29,573,440.21, an improvement from -¥48,533,073.34 in the previous period[75]. - The company’s financial expenses decreased significantly to ¥20,634,098.71 from ¥42,338,674.22, indicating better cost management[74]. - The company reported a decrease in undistributed profits by 2,691,232.20 RMB during the reporting period[82]. Revenue Sources - The company's real estate sales revenue reached CNY 68.89 million, accounting for 75% of total operating revenue[25]. - The total operating revenue for the period was CNY 91.67 million, a decrease of 9.87% compared to the previous year[32]. - The net profit attributable to the parent company was a loss of CNY 29.92 million, which is a reduction in loss of CNY 18.55 million year-on-year[25]. - The construction income for the period was CNY 495.39 million, while installation income was CNY 3.29 million[30]. - The company achieved total operating revenue of CNY 9,166.70 million in the first half of 2015, accounting for 21.75% of the annual target of CNY 42,142 million[35]. Investment and Development - The company plans to develop the "Liuhe Yifang" project over 5-6 years with a total investment of CNY 2.65 billion[26]. - The company has 72 ongoing infrastructure projects, with a reported income of CNY 3.78 million from infrastructure construction[29]. - The company maintains a three-pronged real estate development strategy focusing on shantytown renovation, quality residential development, and industrial standard factory construction[41]. - The company plans to enhance its regional comprehensive development advantages by expanding into new business areas and improving subsidiary qualifications[41]. Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of CNY 68.11 million, a decrease of 116.43% compared to the previous year[32]. - Cash and cash equivalents at the end of the period were ¥38,150,231.67, down from ¥86,992,033.40 at the end of the previous period[79]. - The total cash and cash equivalents at the end of the period amounted to CNY 43,388,630.94, a decrease from CNY 116,384,125.55 at the beginning of the period, representing a decline of approximately 62.7%[184]. - The company received 501,012,558.94 RMB in cash related to operating activities, a decrease from 941,078,225.86 RMB in the previous year[81]. Shareholder Information - The largest shareholder, Changchun Economic and Technological Development Zone Venture Capital Holding Co., Ltd., holds 101,736,960 shares, accounting for 21.88% of the total shares, with 50,862,500 shares pledged[59]. - The second largest shareholder, Changchun Economic Development State-owned Assets Holding Group Co., Ltd., has 23,254,008 shares, representing 5.00% of the total shares, with 19,617,004 shares pledged[59]. - The total number of shares held by the top ten shareholders includes significant pledges, indicating potential liquidity risks[59]. Guarantees and Liabilities - The company has a total guarantee amount of RMB 12,980 million, which accounts for 5.44% of its net assets[52]. - The company provided a joint liability guarantee of RMB 7,980 million for Changchun Southeast Development Construction Co., Ltd. for a loan from the Industrial and Commercial Bank of China[52]. - The total amount of guarantees provided does not exceed 50% of the company's net assets[52]. Accounting Policies and Financial Reporting - The company’s financial reports comply with the requirements of the Chinese Securities Regulatory Commission, ensuring transparency and completeness in financial disclosures[94]. - The company’s main business includes real estate development and public facility investment, with specific accounting policies established for revenue recognition[93]. - The company’s financial statements are prepared based on the assumption of going concern, adhering to the relevant accounting standards[92]. Bad Debt and Receivables - The accounts receivable at the end of the period totaled CNY 364,831,221.44, with a bad debt provision of CNY 47,706,144.99, indicating a provision ratio of approximately 13.1%[188]. - The company reported a bad debt provision of CNY 4,727,463.50 for the current period, with no recoveries or reversals recorded[190]. - The provision for bad debts at the end of the period amounts to CNY 44,115,293.44, which is 32.2% of the total balance of other receivables[198]. Market Conditions and Future Outlook - The company anticipates a potential cumulative net profit loss by the end of the next reporting period due to ongoing market pressures in the Changchun real estate sector, despite a slight month-on-month price increase in July[48]. - The company has not disclosed any new product developments or market expansion strategies in the report[2]. - There were no significant changes in the company's basic situation during the reporting period[10].

Financial Performance - Operating revenue for the period was CNY 28,560,496.00, a decline of 4.79% year-on-year[6] - The net profit attributable to shareholders of the listed company was negative CNY 15,064,906.86, improving from negative CNY 27,113,556.80 in the previous year[6] - Basic and diluted earnings per share were both negative CNY 0.0324, an improvement from negative CNY 0.0583 in the same period last year[6] - The net loss for Q1 2015 was CNY 15,068,114.70, an improvement from a net loss of CNY 27,115,690.57 in the previous year[24] - The company's operating revenue for the current period is ¥5,028,377.75, an increase of 13.7% compared to ¥4,423,272.40 in the previous period[27] - The net profit for the current period is a loss of ¥7,525,940.88, improving from a loss of ¥24,186,031.60 in the previous period[27] - The total profit for the current period is a loss of ¥7,591,567.61, an improvement from a loss of ¥23,424,809.57 in the previous period[27] Cash Flow and Liquidity - Net cash flow from operating activities was negative CNY 82,726,120.37, a decrease of 169.75% compared to the same period last year[6] - Cash and cash equivalents decreased by 48.79% to CNY 59,594,942.67 compared to the beginning of the period[12] - Cash and cash equivalents at the end of the period decreased to ¥54,361,450.09 from ¥129,168,766.59 in the previous period[30] - The cash outflow from operating activities totaled ¥130,773,976.47, compared to ¥314,066,747.42 in the previous period, showing a reduction in cash outflows[30] Assets and Liabilities - Total assets decreased by 1.62% to CNY 3,983,364,731.58 compared to the end of the previous year[6] - Total assets decreased to CNY 3,983,364,731.58 from CNY 4,049,035,498.15, a decline of about 1.6%[18] - Total liabilities decreased to CNY 1,581,619,972.01 from CNY 1,632,222,623.88, a reduction of approximately 3.1%[19] - Total equity attributable to shareholders decreased to CNY 2,401,582,552.98 from CNY 2,416,647,459.84, a decline of about 0.6%[19] Shareholder Information - The number of shareholders totaled 33,410 at the end of the reporting period[10] - The largest shareholder held 21.88% of the shares, with a total of 101,736,960 shares[10] Cost Management - The company incurred a 91.35% reduction in income tax expenses, amounting to CNY 71,161.62[12] - Total operating costs decreased significantly to CNY 44,234,525.16 from CNY 57,608,200.39, reflecting a reduction of approximately 23%[24] - The company incurred financial expenses of ¥6,408,215.78, down from ¥21,034,606.67 in the previous period, indicating a reduction in financial costs[27] - The company’s management expenses decreased to ¥4,716,492.19 from ¥5,847,837.88 in the previous period, reflecting cost control efforts[27] Borrowings and Financing - The company received CNY 114,000,000.00 from borrowings, a 75.38% increase compared to the previous year[13] - The company received cash from financing activities amounting to ¥114,000,000.00, an increase from ¥65,000,000.00 in the previous period[30] - Short-term borrowings increased to CNY 379,000,000.00 from CNY 330,000,000.00, an increase of approximately 14.8%[19] Accounts Receivable - Accounts receivable decreased slightly to CNY 320,897,245.28 from CNY 340,433,626.58, a reduction of about 5.7%[18]