2022 年第三季度报告 证券代码：600463 证券简称：空港股份 北京空港科技园区股份有限公司 2022 年第三季度报告 2022 年第三季度报告 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 1 / 19 单位：元 币种：人民币 项目 本报告期 本报告期比上年同 期增减变动幅度 (%) 年初至报告期末 年初至报告期末比上 年同期增减变动幅度 (%) 营业收入 111,335,067.79 -65.80 554,693,171.75 -31.51 归属于上市公司股东的 净利润 -2,176,243.31 80.85 28,883,039.48 90.07 归属于上市公司股东的 扣除非经常性损益的净 利润 -5,194,857.62 -274.02 -19,648,271.78 -413.80 经营活动产生的现 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately RMB 443.36 million, a decrease of 8.46% compared to RMB 484.34 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was approximately RMB 31.06 million, an increase of 16.93% from RMB 26.56 million in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB -14.45 million, a decrease of 215.67% compared to RMB 12.50 million in the same period last year[20]. - The net cash flow from operating activities was approximately RMB -78.73 million, an improvement of 40.36% from RMB -132.01 million in the previous year[20]. - The total assets at the end of the reporting period were approximately RMB 2.72 billion, a decrease of 6.45% from RMB 2.91 billion at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately RMB 1.25 billion, an increase of 2.55% from RMB 1.22 billion at the end of the previous year[20]. - The basic earnings per share for the first half of 2022 were RMB 0.1035, an increase of 16.95% compared to RMB 0.0885 in the same period last year[18]. - The weighted average return on net assets was 2.47%, an increase of 0.36 percentage points from 2.11% in the previous year[18]. Revenue Segmentation - The real estate development segment reported an operating income of 202.76 million yuan, an increase of approximately 17.71 million yuan year-on-year[32]. - The construction segment's revenue decreased by approximately 22.76 million yuan to 160.63 million yuan, with a net loss of 15.44 million yuan[33]. - The rental and property management business generated revenue of 62.18 million yuan, a decrease of approximately 1.44 million yuan year-on-year[34]. - The company’s investment business recorded a fair value change loss of approximately 19.77 million yuan, with an investment income of 3.88 million yuan from exited projects[35]. Strategic Focus - The company operates in the industrial real estate development sector, focusing on investment, development, and management of industrial properties[23]. - The company aims to leverage its geographical advantages near the capital airport to enhance its competitive edge in the market[29]. - The company is actively pursuing strategic transformation in response to the evolving landscape of industrial parks, moving towards a more refined and resource-efficient development model[26]. - The company is committed to increasing the value of quality properties and expanding its high-value-added airport industrial real estate business[29]. - The company is focused on integrating land, technology, and financial capital to promote sustainable development and growth in its construction business[29]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 27.20% to ¥161,809,817.66, primarily due to repayment of bank loans and operational expenses[41]. - Accounts receivable increased by 1.39% to ¥546,759,464.54, representing 20.08% of total assets[41]. - Contract assets rose by 5.74% to ¥737,945,801.81, accounting for 27.10% of total assets[41]. - Investment properties decreased by 18.21% to ¥527,585,396.13, which was 19.37% of total assets[41]. - Short-term borrowings slightly decreased by 2.06% to ¥725,990,000.00, representing 26.66% of total assets[41]. - Long-term borrowings decreased by 1.37% to ¥40,500,000.00, which is 1.49% of total assets[41]. Regulatory and Compliance Issues - The company is currently under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[70]. - The company received a warning letter and regulatory measures from the Beijing Regulatory Bureau on January 6, 2022, due to significant accounting errors in previous reports[71]. - The company has been subject to disciplinary actions from the Shanghai Stock Exchange, including a public reprimand on April 18, 2022, for inaccurate information disclosure in its periodic reports[71]. - The company has taken disciplinary actions against responsible individuals for failing to disclose investigations and penalties in a timely manner[73]. - The company is committed to ongoing compliance with laws and regulations related to information disclosure and related party transactions[75]. Related Party Transactions - The total amount occupied by related parties at the end of the reporting period is 25,622.19 million, which accounts for 21.01% of the latest audited net assets[64]. - The newly added amount occupied by controlling shareholders and other related parties during the reporting period is 347.13 million, attributed to increased borrowing interest[64]. - The company reported a total expected daily related party transaction amount of RMB 186 million for 2022, which was later adjusted to RMB 194 million[79]. - The company provided full guarantees for its subsidiary Tianyuan Construction's application for comprehensive credit lines, with a guarantee amount not exceeding RMB 310 million[77]. - The company reported a total of RMB 5.3 million in daily related party transactions from January to June 2022[79]. Corporate Governance - The company appointed Mr. Han Jian as the chairman of the board on February 28, 2022, following the resignation of Mr. Zhao Zhiqi as chairman due to work reasons[55]. - Mr. Zhang Zheng was elected as a director of the seventh board on February 28, 2022, with a term consistent with the board's duration[54]. - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period[56]. - The company has made commitments to avoid competition with its controlling shareholder and ensure independent operations[62]. Asset Management - The company has accumulated rich experience in park development and capital operation, positioning itself to capitalize on favorable internal and external development environments[28]. - The company has not disclosed any new product or technology developments during the reporting period[84]. - The company has not engaged in any major contracts or leasing agreements that would impact its financial position[87]. - The company has not reported any significant changes in user data or performance metrics during the reporting period[82]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 14,449[90]. - The top ten shareholders held a total of 49.32% of shares, with Beijing Airport Economic Development Co., Ltd. holding 147,946,207 shares[92]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial reports accurately reflect its financial status as of June 30, 2022[137]. - The company’s accounting period follows the calendar year, from January 1 to December 31[138]. - The company uses RMB as its functional currency for accounting purposes[140]. - The company has established accounting treatment methods for business combinations under common control and non-common control[142].

Financial Performance - The company's operating revenue for Q1 2022 was ¥175,565,231.33, representing a decrease of 8.98% compared to the same period last year[4] - The net profit attributable to shareholders was -¥5,119,131.08, an increase in loss of 22.87% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,743,248.28, reflecting a 41.89% increase in loss compared to the previous year[4] - The net cash flow from operating activities was -¥84,828,137.92, which is a decline of 51.95% year-on-year[4] - The company reported a significant increase in financial expenses by 66.91% due to the increase in the average balance of interest-bearing liabilities[6] - The net profit for Q1 2022 was -6,460,937.28, a decrease from -7,347,618.56 in Q1 2021, indicating an improvement of approximately 11.97% year-over-year[16] - The company reported a net profit margin of approximately 2.3% for Q1 2022, compared to 1.6% in Q1 2021[15] - The total comprehensive income for Q1 2022 was -6,460,937.28, compared to -7,347,618.56 in Q1 2021, reflecting an improvement of about 11.97%[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,876,746,233.65, down 1.17% from the end of the previous year[4] - Total assets as of March 31, 2022, were CNY 2,876,746,233.65, down from CNY 2,910,801,211.04 at the end of 2021[12] - Total liabilities decreased to CNY 1,641,544,376.66 from CNY 1,669,138,416.77 at the end of 2021, a reduction of 1.7%[13] - The company's total equity as of March 31, 2022, was CNY 1,235,201,856.99, slightly down from CNY 1,241,662,794.27 at the end of 2021[13] - The company's total liabilities decreased to RMB 613,587,890.65 from RMB 635,136,931.78, marking a reduction of about 3.4%[22] - The company's long-term equity investments were valued at RMB 136,483,336.84, slightly down from RMB 138,445,270.59 at the end of 2021[22] Cash Flow - Cash and cash equivalents as of March 31, 2022, were CNY 162,720,282.48, a decrease from CNY 222,271,832.13 at the end of 2021[11] - Operating cash flow for Q1 2022 was -84,828,137.92, compared to -176,555,276.62 in Q1 2021, showing a significant reduction in cash outflow by about 52%[20] - The company received cash inflows from financing activities of 206,550,000.00 in Q1 2022, up from 122,332,522.97 in Q1 2021, marking an increase of about 68.73%[20] - The net cash flow from financing activities was a negative CNY 14,946,279.34 thousand, indicating a decrease compared to the previous period's negative CNY 122,889,877.86 thousand[27] - The company's cash and cash equivalents decreased by CNY 16,741,560.26 thousand in Q1 2022, with an ending balance of CNY 64,815,581.69 thousand[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,224[8] - The largest shareholder, Beijing Airport Economic Development Co., Ltd., held 49.32% of the shares[8] Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[10]

Financial Performance - In 2021, the company reported a net profit attributable to the parent company of -25,194,138.08 RMB, resulting in a total distributable profit of 335,271,548.35 RMB at year-end[4]. - The company will not distribute profits or increase capital reserves due to the negative net profit for 2021[4]. - The company's operating revenue for 2021 was approximately ¥1.01 billion, a decrease of 11.02% compared to ¥1.14 billion in 2020[20]. - The net profit attributable to shareholders was a loss of approximately ¥25.19 million, a decline of 411.64% from a profit of ¥8.08 million in 2020[20]. - The net cash flow from operating activities was negative at approximately ¥170.17 million, a decrease of 337.81% compared to ¥71.56 million in 2020[20]. - The basic earnings per share for 2021 was -¥0.084, a decrease of 412.27% from ¥0.0269 in 2020[21]. - The weighted average return on equity was -2.04%, a decrease of 2.66 percentage points from 0.62% in 2020[21]. - The total assets at the end of 2021 were approximately ¥2.91 billion, down 8.86% from ¥3.19 billion at the end of 2020[20]. - The company reported total revenue of 1,013.08 million yuan, a decrease of 11.02% year-on-year[47]. - The total assets of the company amounted to 2,910.80 million yuan, reflecting a decline of 8.86% compared to the previous year[47]. - The net cash flow from operating activities was -170.17 million yuan, a significant decrease compared to the previous year's positive cash flow[49]. - The company reported a net profit of RMB 158.91 million from Beijing Konggang Tianrui Real Estate Investment Co., Ltd., which has total assets of RMB 62,406.38 million[76]. Market Conditions - The ongoing COVID-19 pandemic has significantly impacted the global economy, leading to weak demand in the market leasing business and increased costs due to difficulties in project resumption and labor shortages[6]. - The company faces risks from policy changes in Beijing that may affect the sales of industrial real estate projects, emphasizing the need for high-end, service-oriented, and low-carbon projects[6]. - The company is exposed to cost increase risks due to fluctuations in raw material and labor prices, which have been affected by the pandemic[87]. - The company faces risks from the macroeconomic environment and policy changes due to the ongoing impact of the COVID-19 pandemic, which has significantly affected rental market demand[86]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with all board members present at the board meeting[7]. - The company has received a standard unqualified audit report from Zhongxing Caiguanghua Accounting Firm[7]. - The company has conducted several shareholder meetings in 2021, including the approval of significant asset transactions and financial reports[91]. - The company emphasizes the importance of maintaining an independent governance structure, ensuring that the board operates independently from its controlling shareholder[89]. - The company has established specialized committees, including an audit committee and a strategic committee, to enhance governance[106]. - The company has not faced any objections from directors regarding company matters during the reporting period[105]. Operational Developments - The company completed the acquisition of 100% equity in Beijing Konggang Tianyang Electric Installation Engineering Co., Ltd. in 2021[22]. - The company achieved operating income of 51.81 million yuan in the real estate development business, an increase of approximately 440.74 thousand yuan compared to the previous year, with a net profit of 1.59 million yuan, up by approximately 3.41 million yuan[35]. - The company is currently preparing for the completion settlement of the MAX Airport R&D Innovation Park B project, which has achieved a construction progress of 97%[34]. - The company is actively expanding its market presence by enhancing the marketing department's personnel configuration and developing tailored leasing strategies for different types of investment properties[36]. - The company has applied for a total of 26 utility model patents and has been recognized as a "High-tech Enterprise"[36]. Financial Management - The company plans to enhance its financial structure by improving credit relationships with banks and effectively utilizing idle funds, while also focusing on the collection of accounts receivable[84]. - The company has a significant focus on developing new products and technologies to meet the evolving demands of the market, particularly in the context of the capital's economic positioning[79]. - The company is actively seeking to expand its operations beyond the core area of the airport economic zone, targeting high-end manufacturing bases and other strategic locations[79]. - The company is undergoing a change in its accounting firm, reflecting a strategic shift in financial oversight[107]. Environmental Responsibility - The company actively promotes energy conservation and emission reduction, implementing various environmental protection measures to minimize environmental impact[122]. - The company has adopted low-carbon office practices, including video conferencing and paperless operations, to reduce carbon emissions[123]. - The company has implemented a comprehensive management approach to ensure compliance with environmental laws and regulations throughout its construction projects[122]. - The company has not faced any penalties for violations of environmental regulations during the reporting period[122]. Shareholder Information - The largest shareholder, Beijing Airport Economic Development Co., holds 49.32% of the shares, totaling 147,946,207 shares[151]. - The second largest shareholder, Guokai Financial Co., holds 16.00% of the shares, totaling 48,000,000 shares[151]. - The number of ordinary shareholders increased from 13,224 to 14,235 during the reporting period[149]. - There were no changes in the total number of shares or the share capital structure during the reporting period[148]. Future Outlook - The company plans to develop three major projects: "Airport Innovation Park," "Airport Headquarters Park," and "Airport Industrial City," to drive its growth strategy[81]. - The company expects to engage in daily related party transactions totaling RMB 161 million for 2021, adhering to regulatory guidelines[140]. - The company provided guidance for the next quarter, expecting revenue to grow by 10% to 1.65 billion[101]. - New product launches are anticipated to contribute an additional 200 million in revenue over the next fiscal year[99].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 32,551.25 million, a decrease of 10.11% compared to CNY 36,212.74 million in the same period last year[4]. - The net profit attributable to shareholders was CNY -1,136.62 million, compared to CNY -145.77 million in the same period last year, indicating a significant loss[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 298.51 million, a recovery from CNY -586.34 million in the same period last year[4]. - The basic earnings per share for Q3 2021 was CNY -0.0378, a decline from CNY -0.0049 in the same period last year[5]. - The net cash flow from operating activities was CNY -22,310.35 million, worsening from CNY -9,782.24 million in the same period last year[5]. - The company reported a significant increase in non-recurring losses, totaling CNY -14,354,959.78 for the reporting period[8]. - The net profit attributable to shareholders for the year-to-date period was CNY 1,519.60 million, a substantial increase of 168.54% compared to the same period last year[9]. - The company experienced a 128.07% decrease in net cash flow from operating activities year-to-date due to increased cash payments for goods and services[9]. - Total operating revenue for the first three quarters of 2021 reached ¥809.85 million, a 16.9% increase from ¥692.38 million in the same period of 2020[18]. - Net profit for the first three quarters of 2021 was ¥11.88 million, a significant recovery from a net loss of ¥26.60 million in the same period of 2020[19]. - The company reported a gross profit margin of approximately 1.4% for the first three quarters of 2021, compared to a negative margin in the previous year[19]. - The company reported a basic earnings per share of ¥0.05 for the first three quarters of 2021, recovering from a loss of ¥0.07 per share in 2020[20]. - The company’s total comprehensive income for the first three quarters of 2021 was ¥11.88 million, a recovery from a total comprehensive loss of ¥26.60 million in the same period of 2020[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 295,458.81 million, a decrease of 7.49% from CNY 318,028.22 million at the end of the previous year[5]. - Current assets as of September 30, 2021, amount to CNY 1,929,504,525.95, a decrease of 8.54% from CNY 2,109,109,402.96 at the end of 2020[14]. - Total liabilities as of September 30, 2021, are CNY 1,649,674,431.61, down 13.09% from CNY 1,897,439,776.33 at the end of 2020[15]. - The company's total assets decreased to CNY 2,954,588,117.99 from CNY 3,193,858,588.48, reflecting a decline of 7.48%[15]. - The company's cash and cash equivalents are CNY 130,663,543.39, down from CNY 350,335,460.24, a decrease of 62.69%[13]. - The company reported a decrease in accounts payable from CNY 535,885,349.79 to CNY 357,987,087.77, a reduction of 33.14%[14]. - The company’s long-term investments decreased from CNY 14,346,441.17 to CNY 8,229,535.61, a decline of 42.91%[14]. - The company’s retained earnings increased to CNY 373,736,684.82 from CNY 361,540,686.83, an increase of 3.33%[15]. - The company reported a total of 1,739,142,105.16 RMB in current liabilities, which includes short-term borrowings of 652,000,000.00 RMB[28]. - Total assets amounted to 3,193,858,588.48 RMB, with total liabilities at 1,897,439,776.33 RMB, resulting in total equity of 1,296,418,812.15 RMB[29]. Cash Flow - Cash flow from operating activities for the first three quarters of 2021 was negative at ¥223.10 million, worsening from a negative cash flow of ¥97.82 million in 2020[22]. - The company generated cash inflows from operating activities totaling ¥760.75 million, compared to ¥706.47 million in the same period of 2020, indicating a 7.7% increase[22]. - The net cash flow from investing activities was -3,442,622.63 RMB, compared to -7,810,592.17 RMB in the previous year, indicating an improvement[23]. - Cash inflow from financing activities totaled 638,914,381.01 RMB, while cash outflow was 628,820,669.62 RMB, resulting in a net cash flow of 10,093,711.39 RMB[23]. - The ending balance of cash and cash equivalents decreased to 129,473,438.02 RMB from 223,059,174.45 RMB year-over-year[23]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 12,357[12]. - The total number of shares held by the top 10 shareholders is 206,000,000, accounting for 66.32% of the total shares[12]. Strategic Focus - The company plans to continue focusing on its leasing segment, which has shown profitability growth year-over-year[9]. - The company has implemented a new leasing standard effective from January 1, 2021, which did not have a significant impact on its financial position[30].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥484,339,569.39, representing a 46.66% increase compared to ¥330,252,801.75 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was ¥26,562,199.52, a significant recovery from a loss of ¥20,712,754.62 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,495,168.01, improving from a loss of ¥31,239,502.04 in the same period last year[19]. - Basic earnings per share for the first half of 2021 reached CNY 0.0885, compared to a loss of CNY 0.069 in the same period last year[20]. - The weighted average return on net assets improved to 2.11% from -1.66% year-on-year[20]. - The total profit reached 26.50 million yuan, an increase of 56.61 million yuan compared to the previous year[30]. - The net profit attributable to shareholders was 26.56 million yuan, up by 47.28 million yuan year-on-year[30]. - The company reported a significant increase in other income, totaling CNY 1,582,412.02 in the first half of 2021, compared to CNY 447,920.57 in the same period of 2020[107]. - The company reported a total of 24,160,450.05 CNY in claims against Beijing Lvzhu Technology Development Co., which includes principal and penalties[66]. Cash Flow and Assets - The net cash flow from operating activities was -¥132,014,708.72, worsening from -¥93,241,027.78 in the previous year, indicating a 41.58% decline[19]. - The total assets decreased by 5.51%, from ¥3,193,858,588.48 at the end of the previous year to ¥3,017,754,134.01 at the end of the reporting period[19]. - The total assets at the end of the current period were ¥3,017,000,000, with cash and cash equivalents decreasing by 44.79% to ¥193,409,388.01 from ¥350,335,460.24[40]. - The company's short-term borrowings increased by 6.13% to ¥692,000,000.00 from ¥652,000,000.00, while long-term borrowings decreased by 56.54% to ¥61,500,000.00 from ¥141,500,000.00[40]. - The company reported a net decrease in cash and cash equivalents of RMB 36,816,729.33, ending the period with RMB 221,262,470.19[112]. - The cash flow from operating activities was impacted by a total outflow of RMB 41,234,047.65, down from RMB 46,782,757.56 in the previous year[114]. Shareholder and Equity Information - The net assets attributable to shareholders at the end of the reporting period were ¥1,269,509,161.70, a 1.87% increase from ¥1,246,255,602.18 at the end of the previous year[19]. - The total equity attributable to the parent company at the end of the reporting period was CNY 1,282,938,028.42, showing a decrease from the previous period[121]. - The total owner's equity at the end of the first half of 2021 is 1,150,374,569.58 CNY, an increase from 1,164,337,499.49 CNY at the end of the first half of 2020, reflecting a decrease of approximately 1.2%[124]. - The largest shareholder, Beijing Airport Economic Development Co., Ltd., holds 49.32% of the shares[88]. - The second-largest shareholder, Guokai Financial Co., Ltd., holds 16.00% of the shares[88]. Business Operations and Strategy - The company operates in the industrial real estate development sector, focusing on investment, development, and management of industrial properties[23]. - The company plans to leverage favorable internal and external development conditions to enhance its operational results and shareholder returns[28]. - The company is actively transitioning towards a more refined and resource-efficient development model in response to industry trends[25]. - The company aims to integrate urban functions with industrial park development, enhancing its role in urban economic growth[26]. - The company is actively expanding its investment business through private equity investments, aiming to supplement its traditional business and accelerate strategic goals[36]. Risks and Compliance - The report includes a risk statement regarding forward-looking statements, cautioning investors about potential risks[6]. - The company faces risks related to policy changes in Beijing's industrial policies and macroeconomic conditions, which may impact its industrial real estate projects[46]. - The company has not reported any significant changes in its environmental information disclosure during the reporting period[59]. - The company has not disclosed any significant environmental penalties or issues during the reporting period[58]. - The company has not engaged in any new or similar business activities that would compete with its main operations, ensuring independent decision-making and compliance with corporate governance[61]. Related Party Transactions - The total amount of related party transactions for the first half of 2021 reached RMB 48,051.1 million, with significant contributions from various services provided[73]. - The largest single related party transaction was with Beijing Guomen Airport Economic and Technological Development Center, amounting to RMB 3,516.22 million, accounting for 9.14% of similar transactions[73]. - The company provided loans totaling RMB 8,500 million to related parties, with a total receivable balance of RMB 112,098.85 million at the end of the reporting period[76]. - The company has ongoing rental agreements, including a lease with Beijing Hangji International Logistics Co., Ltd. for 16,449 square meters, with a total rental amount of RMB 3,701.03 million[80]. Environmental and Social Responsibility - The company is committed to environmental protection and has implemented measures to minimize its ecological impact during construction projects[58]. - The company is actively promoting energy conservation and low-carbon development initiatives[58]. - The company has adhered to national and local environmental regulations in its industrial real estate development and property leasing operations[58]. Corporate Governance - The company experienced changes in its board of directors, with several resignations and new elections for independent directors[51][54]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[56]. - The company continues to uphold its commitments to shareholders and maintain operational integrity[61].

Financial Performance - Net profit attributable to shareholders was CNY -19,668,213.20, showing an improvement from CNY -30,519,949.89 in the same period last year[8] - Operating revenue for the first nine months was CNY 681,312,958.42, representing a year-on-year increase of 9.17%[8] - Basic and diluted earnings per share were both CNY -0.0656, compared to CNY -0.1017 in the previous year[8] - Net profit for the first nine months of 2020 was -¥23,467,660.71, a 38.38% improvement from -¥38,085,239.99 in the same period last year[15] - The company reported a total profit of ¥2.19 million for Q3 2020, recovering from a loss of ¥2.68 million in Q3 2019[28] - The net loss for the first three quarters of 2020 was ¥23.47 million, compared to a loss of ¥38.09 million in the same period of 2019[29] - The company reported a significant increase in investment income received, amounting to ¥4,275,061.55 in Q3 2020, compared to ¥683,654.24 in Q3 2019[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,808,175,538.13, a decrease of 0.17% compared to the end of the previous year[8] - Total assets as of September 30, 2020, amounted to CNY 2,808,175,538.13, a slight decrease from CNY 2,812,968,705.78 at the end of 2019[21] - Current liabilities totaled CNY 1,367,004,073.69, down from CNY 1,459,582,580.87 in the previous period[21] - Non-current liabilities increased to CNY 160,877,561.34 from CNY 49,871,567.04, indicating a significant rise in long-term obligations[22] - The company's total liabilities reached CNY 1,527,881,635.03, compared to CNY 1,509,454,147.91 previously[22] - Total liabilities amounted to CNY 1,509,454,147.91, with current liabilities at CNY 1,459,582,580.87, and non-current liabilities at CNY 49,871,567.04[42] Cash Flow - Net cash flow from operating activities was CNY -97,164,874.47, a decline of 331.49% compared to the previous year[8] - Cash flow from operating activities for the first three quarters of 2020 was negative at ¥97,164,874.47, down from a positive cash flow of ¥41,972,903.97 in the same period of 2019[36] - Cash inflow from financing activities for the first three quarters of 2020 was ¥923,371,814.56, an increase from ¥756,865,126.02 in the same period of 2019[36] - The net cash flow from financing activities for Q3 2020 was 190,745,439.99 RMB, a turnaround from -60,282,538.18 RMB in Q3 2019[39] - Cash outflow for investment activities in the first three quarters of 2020 was 79,844,297.95 RMB, compared to 31,736,386.77 RMB in the same period of 2019, indicating a significant increase in investment spending[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,134[11] - The top shareholder, Beijing Airport Economic Development Co., Ltd., held 49.32% of the shares[11] - Shareholders' equity decreased to CNY 1,280,293,903.10 from CNY 1,303,514,557.87, reflecting a decline in retained earnings[22] - The company reported a total equity of CNY 1,162,593,407.44, down from CNY 1,174,945,083.54, indicating a reduction in overall shareholder value[25] Operational Efficiency - Inventory decreased by 54.05% to ¥457,945,055.43 from ¥996,568,984.22 due to the transfer of qualifying inventory to contract assets under new revenue standards[14] - Accounts receivable increased by 40.00% to ¥700,000 compared to ¥500,000 at the end of the previous year[14] - The company reported a 100.00% decrease in sales expenses, down to ¥0 from ¥154,751.22 due to reduced advertising costs[15] - The company’s cash inflow from sales of goods and services for the first three quarters of 2020 was 46,467,768.79 RMB, down from 68,773,986.28 RMB in the same period of 2019, reflecting a decline of approximately 32.5%[38] Strategic Initiatives - The company plans to sell and acquire stakes in subsidiaries as part of its strategic initiatives, as approved in the board meeting on August 27, 2020[15] - The company executed a new revenue recognition standard starting January 1, 2020, impacting retained earnings and financial statement items[43]

Financial Performance - Operating revenue increased by 71.52% to CNY 192,509,122.79 compared to the same period last year[6] - Net profit attributable to shareholders of the listed company improved by 39.52%, reaching a loss of CNY 6,208,659.53[6] - Basic and diluted earnings per share improved by 39.52% to -CNY 0.0207[6] - Net profit for Q1 2021 was CNY 3,383,238.17, compared to a net loss of CNY 3,767,992.99 in Q1 2020, indicating a significant turnaround[26] - The company reported a total profit of CNY 4,771,759.16 in Q1 2021, compared to a loss of CNY 4,189,609.24 in the same period last year[26] - The total comprehensive income for Q1 2021 was CNY 3,383,238.17, contrasting with a comprehensive loss of CNY -3,767,992.99 in Q1 2020[26] Cash Flow - Net cash flow from operating activities decreased by 17.34% to a negative CNY 171,997,442.09 compared to the same period last year[6] - The net cash flow from operating activities was -¥171.99 million in Q1 2021, compared to -¥146.58 million in Q1 2020, indicating a worsening cash flow situation[30] - The total cash outflow from operating activities increased to ¥431.97 million in Q1 2021 from ¥304.64 million in Q1 2020, reflecting a rise of 41.7%[30] - The net cash flow from financing activities was -¥19.15 million in Q1 2021, a decline from a positive net cash flow of ¥214.22 million in Q1 2020[30] - The company reported a net cash flow from operating activities of ¥7.23 million in its parent company for Q1 2021, a recovery from a loss of -¥10.10 million in Q1 2020[31] Assets and Liabilities - Total assets decreased by 9.08% to CNY 2,891,552,037.65 compared to the end of the previous year[6] - Total liabilities decreased to ¥704,416,315.55 in Q1 2021 from ¥744,068,344.55 in Q4 2020, indicating a reduction of about 5.3%[21] - The company’s total assets decreased from ¥3,180,282,178.75 to ¥2,891,552,037.65, a reduction of approximately 9.1%[16] - The company reported total liabilities of CNY 1,887,015,686.18, with current liabilities at CNY 1,728,718,015.01[36] - The company has a total of CNY 532,773,015.03 in accounts payable, reflecting its obligations to suppliers[36] Shareholder Information - The number of shareholders reached 12,570 at the end of the reporting period[9] - The largest shareholder, Beijing Airport Economic Development Co., Ltd., holds 49.32% of the shares[9] - Shareholders' equity reached CNY 1,293,266,492.57, including CNY 367,343,830.77 in undistributed profits[37] Operational Costs - Operating costs increased by 82.60% year-on-year to ¥163,992,449.07, primarily due to rising costs in the construction segment[11] - Operating costs decreased to CNY 11,616,309.87 in Q1 2021 from CNY 12,905,383.91 in Q1 2020, a reduction of about 10%[25] Investment and Other Income - Non-operating income and expenses resulted in a total loss of CNY 3,637,714.83 for the period[7] - The investment loss for Q1 2021 was CNY -782,324.82, a decrease from CNY -2,503,144.20 in Q1 2020, showing improved investment performance[26] Cash and Cash Equivalents - Cash and cash equivalents decreased by 55.61% from the beginning of the year to ¥153,093,876.30[11] - The total cash and cash equivalents at the end of Q1 2021 were ¥151.90 million, down from ¥328.33 million at the end of Q1 2020, a decrease of 53.8%[30]

Financial Performance - Net profit attributable to shareholders was CNY -10,265,804.00, a decrease of 2.53% year-on-year[5] - Operating revenue decreased by 46.87% to CNY 112,239,398.26 compared to the same period last year[5] - Operating profit for Q1 2020 was CNY -15,687,032.33, a decline of 42.45% compared to CNY -11,012,590.54 in Q1 2019, mainly due to reduced income from the construction segment[12] - Net loss for Q1 2020 was ¥12,088,888.16, slightly improved from a net loss of ¥12,463,298.69 in Q4 2019[26] - Net profit for Q1 2020 was a loss of CNY 3,767,992.99, compared to a profit of CNY 1,700,348.45 in Q1 2019[29] - The company reported a gross profit margin of -12.5% for Q1 2020, compared to -5.2% in Q4 2019[25] Cash Flow - Net cash flow from operating activities was CNY -146,581,029.91, a decline of 190.46% year-on-year[5] - Cash inflow from operating activities totaled CNY 158,054,026.23 in Q1 2020, down from CNY 300,699,722.46 in Q1 2019[31] - Cash outflow from operating activities was CNY 304,635,056.14 in Q1 2020, compared to CNY 351,165,563.34 in Q1 2019[31] - Cash flow from financing activities increased by 72.07% to CNY 214,218,363.79 from CNY 124,496,512.42 year-on-year, primarily due to increased cash received from borrowings[12] - Financing cash flow for Q1 2020 resulted in a net inflow of CNY 214,218,363.79, compared to CNY 124,496,512.42 in Q1 2019[33] Assets and Liabilities - Total assets increased by 0.75% to CNY 2,833,979,455.12 compared to the end of the previous year[5] - Total liabilities increased to CNY 1,542,553,785.41 from CNY 1,509,454,147.91, reflecting a rise in both current and non-current liabilities[16] - Long-term borrowings rose to CNY 145,000,000.00 from CNY 34,103,167.68, indicating a significant increase in debt financing[15] - Current liabilities rose to ¥626,056,399.47, up 26.5% from ¥494,862,735.46 in Q4 2019[20] Shareholder Information - The number of shareholders reached 16,860 at the end of the reporting period[9] - The largest shareholder, Beijing Airport Economic Development Co., Ltd., holds 49.32% of the shares[9] Revenue and Costs - Total operating costs decreased by 43.38% to CNY 126,214,134.29 from CNY 222,905,685.65 year-on-year, attributed to lower revenue in the construction segment[12] - Total revenue for Q1 2020 was CNY 112,239,398.26, a decrease of 46.87% compared to CNY 211,246,650.46 in Q1 2019, primarily due to a decline in the construction segment[12] Other Financial Metrics - The weighted average return on equity decreased by 0.11 percentage points to -0.82%[5] - The company reported a significant increase in other income, which rose by 895.99% to CNY 1,005,445.07, primarily due to increased government subsidies[12] - Interest income decreased to CNY 7,912,968.70 in Q1 2020 from CNY 9,268,575.07 in Q1 2019, a decline of 14.6%[29]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥321.76 million, a decrease of 14.38% compared to ¥375.82 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company was approximately -¥18.98 million, an improvement from -¥28.56 million in the previous year[19]. - The net cash flow from operating activities was approximately -¥94.42 million, which is a decline of 46.52% compared to -¥64.44 million in the same period last year[19]. - Basic earnings per share for the first half of 2020 were -0.0633 CNY, an improvement from -0.0952 CNY in the same period last year[20]. - Diluted earnings per share for the first half of 2020 were -0.0633 CNY, compared to -0.0952 CNY in the previous year[20]. - The weighted average return on equity decreased to -1.52% from -2.04% year-on-year[20]. - The company reported a net loss of approximately 23.05 million RMB, an improvement from a loss of 34.73 million RMB in the previous year[42]. - The company reported a total revenue of $30 billion for the first half of 2020, a decrease of 5% compared to the same period last year[105]. - The net income attributable to shareholders was $5.01 billion, reflecting a decline of 8% year-over-year[105]. - The total revenue for the first half of 2020 was 18.97 billion, a decrease of 3.9% compared to the previous period[106]. - The net profit attributable to shareholders for the same period was 4.67 billion, reflecting a decrease of 4.2% year-over-year[106]. - The company reported a total revenue of 300,000,000.00 RMB, with a net profit of 30,000,000.00 RMB, reflecting a growth of 7.3% compared to the previous period[122]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥2.72 billion, down 3.41% from ¥2.81 billion at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were approximately ¥1.24 billion, a decrease of 1.49% from ¥1.26 billion at the end of the previous year[19]. - Total assets at the end of the reporting period amounted to 2,710,000,000.00 CNY, with a year-on-year change of -13.18% in cash and cash equivalents[43]. - Accounts receivable increased to 142,254,291.29 CNY, representing 5.25% of total assets, compared to 4.85% in the previous year[43]. - Inventory decreased significantly by 55.01% to 448,355,785.86 CNY, primarily due to the transfer of qualifying inventory to current assets under new revenue standards[43]. - Long-term borrowings increased by 320.78% to approximately 143.50 million RMB, indicating a significant rise in financing activities[41]. - Total liabilities decreased from ¥1,509,454,147.91 to ¥1,436,335,167.48, a decline of about 4.8%[85]. - Shareholders' equity decreased from ¥1,303,514,557.87 to ¥1,280,715,319.97, a decrease of approximately 1.7%[85]. Business Operations and Strategy - The company operates in the unique sector of airport economic zones, focusing on land development, industrial real estate, and property management[23]. - The core area of the Beijing Airport Economic Zone covers 178 square kilometers, with a focus on high-end service industries and strategic emerging industries[27]. - The company aims to leverage its experience in park development and capital operations to adapt to the transformation and upgrading of industrial parks[27]. - The company is actively pursuing strategic transformation to develop new urban models that integrate production and living spaces[26]. - The company has not reported any significant changes in its business operations or strategies during the reporting period[8]. - The company is committed to enhancing its operational capabilities to sustain market competitiveness and profitability in the long term[51]. - The company has outlined its strategy to avoid entering into new business ventures that may conflict with existing operations, thereby maintaining a clear focus on its primary business objectives[51]. Investments and Acquisitions - The company is actively expanding its investment business through participation in private equity funds, aiming to supplement its traditional business and achieve strategic goals[35][36]. - The company has invested in various projects, including Yun Ding Fund and Wei Guang Hui Tong tourism industry, and has been managing these investments actively[36]. - The company is exploring potential acquisitions to strengthen its product portfolio, with a budget of $3 billion allocated for this purpose[105]. - A strategic acquisition is planned, which is projected to enhance operational efficiency and increase revenue by 15%[115]. Risk Factors - The company faces risks related to policy changes affecting industrial land and real estate market cycles, which may impact performance[9]. - The company faces risks related to macroeconomic conditions and policy changes that could impact resource supply and costs[48]. Shareholder and Corporate Governance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[6]. - The company has confirmed that it will not engage in new business activities similar to those of its subsidiaries, ensuring a focus on core competencies and avoiding conflicts of interest[51]. - The company has acknowledged the importance of adhering to local regulations and has adjusted its business strategies accordingly to align with regional planning requirements[51]. - The company has emphasized its dedication to fulfilling its commitments to shareholders and stakeholders, ensuring transparency and accountability in its operations[51]. - The company has not faced any penalties or corrective actions against its directors, supervisors, or senior management during the reporting period[56]. Legal Matters - The company reported a significant lawsuit involving its wholly-owned subsidiary, with a total claim amounting to approximately CNY 24,160,450.05[53]. - The company has no major litigation or arbitration matters pending that have not been disclosed[53]. Environmental and Social Responsibility - The company has implemented various environmental protection measures to minimize environmental impact[65]. Financial Reporting and Compliance - The report has not been audited, and the management has confirmed the accuracy and completeness of the financial report[5]. - The company has not made any changes to its accounting firm during the reporting period[52]. - The company has not disclosed any major accounting errors that require retrospective restatement[67]. - The financial statements are prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations in the next 12 months[137].