Financial Performance - The company's operating revenue for the first half of 2023 was ¥43.19 million, a decrease of 68.03% compared to ¥135.10 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2023 was -¥19.44 million, representing a decline of 120.52% from ¥94.71 million in the previous year[21]. - The net cash flow from operating activities was -¥87.06 million, a significant drop of 783.86% compared to ¥12.73 million in the same period last year[21]. - Basic earnings per share for the first half of 2023 were -¥0.0121, a decrease of 120.47% compared to ¥0.0591 in the same period last year[22]. - The weighted average return on net assets was -0.5246%, down from 2.52% in the previous year[22]. - The company reported a total comprehensive income of -CNY 20,703,984.81 for the first half of 2023, compared to CNY 93,010,743.67 in the first half of 2022[100]. - The company reported a significant loss in the current period, with a total loss of 20,703,984.81, compared to a profit in the previous year, highlighting a challenging financial environment[111]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4.48 billion, down 8.17% from ¥4.88 billion at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 0.52% to ¥3.70 billion from ¥3.71 billion at the end of the previous year[21]. - Total assets as of June 30, 2023, amounted to 447.83 million yuan, with net assets of 369.54 million yuan[35]. - Total liabilities reached RMB 815,076,116.79, down from RMB 1,192,594,287.71, showing a reduction of around 31.5%[90]. - The company's accounts payable decreased to RMB 21,910,992.41 from RMB 50,986,742.41, a significant drop of approximately 57.0%[90]. - The total liabilities decreased to 544,324,224.73 from 479,018,955.30, showing an increase in liabilities of approximately 13.63%[111]. Cash Flow - The company reported a significant increase in cash flow from investment activities, amounting to 81.98 million yuan, a rise of 32.91% year-on-year[43]. - The cash inflow from operating activities for the first half of 2023 was CNY 226,648,508.32, compared to CNY 135,476,549.36 in the first half of 2022, showing an increase of approximately 67.3%[102]. - The company reported cash inflow from financing activities of 35,000,000.00 RMB, while cash outflow was 297,513,480.08 RMB, leading to a net cash flow from financing activities of -297,513,480.08 RMB[104]. - The company reported a significant decrease in cash and cash equivalents, with a net decrease of 302,595,746.77 RMB during the first half of 2023[104]. Real Estate Operations - The area of real estate projects delivered and recognized in sales decreased compared to the same period last year[23]. - The company achieved sales revenue of 32.86 million from its Suzhou project, with a total signed area of 0.34 million square meters and delivery of 0.17 million square meters during the reporting period[31]. - The company plans to fully launch sales of its Suzhou project in the second half of the year, following the completion of quality improvement work on existing independent villas[31]. - The real estate market in Zunyi saw a significant increase in residential sales, with a total of 7,183 units sold in the first half of 2023, representing a year-on-year increase of 7.5%[30]. - The company is actively coordinating with local governments to advance the remaining housing demolition work for its Zunyi project, with plans to start construction within the year[31]. Governance and Compliance - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[72]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period, reflecting good governance practices[71]. - The company has committed to maintaining independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring no undue influence[70]. - The company reported a commitment to avoid using its voting rights to seek preferential treatment in business cooperation with subsidiaries, ensuring fair market practices[69]. Market Conditions - The overall market activity in the real estate sector showed a decline in the second quarter of 2023 after a brief recovery in the first quarter[29]. - The company is closely monitoring policy changes in the real estate sector to adapt its operational strategies accordingly[56]. - The competitive landscape in the real estate sector is intensifying, with larger firms gaining advantages over smaller ones, increasing pressure on mid-sized companies[57]. Strategic Focus - The company plans to focus on high-quality project development in core cities like Shanghai and Suzhou, emphasizing unique project value[34]. - The company aims to accelerate inventory turnover and improve cash collection speed to mitigate financial risks associated with project sales not meeting expectations[59]. - The company is adjusting its development strategy to focus on "development + operation" to enhance project value based on customer needs[57]. Research and Development - Research and development expenses decreased by 78.91% to 498.49 thousand yuan due to reduced investment in R&D activities[43]. - The company's graphene product sales have not formed an effective scale, and both Ningbo Moxi and Chongqing Moxi are still in a state of continuous loss[37]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 135,827[81]. - The largest shareholder, Shanghai Nanjing (Group) Co., Ltd., held 114,020,000 shares, accounting for 7.12% of the total shares[83].

会议召开时间：2023年09月08日(星期五) 下午 16:00-17:00 会议召开地点：上海证券交易所上证路演中心 证券代码：600503 证券简称：华丽家族 公告编号：临2023－024 华丽家族股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： （网址：http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于2023年09月01日(星期五) 至09月07日(星期四)16:00前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 dmb@deluxe-family.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 （一） 会议召开时间：2023年09月08日 下午 16:00-17:00 （二） 会议召开地点：上证路演中心 （网址：http://roadshow.sseinfo.com/） （三） 会议召开方式：上证 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 10,456,795.39, representing a year-on-year increase of 53.82%[6] - The net profit attributable to shareholders was a loss of CNY 12,467,489.57, a decrease of 119.22% compared to the same period last year[6] - The basic earnings per share (EPS) was -CNY 0.0078, reflecting a decline of 119.26% year-on-year[7] - Operating profit for Q1 2023 was -¥20,770,256.22, a decline from the operating profit of ¥63,724,607.05 in Q1 2022[19] - Net profit for Q1 2023 was -¥13,362,952.62, compared to a net profit of ¥63,789,861.02 in the same period last year[19] - The company reported a significant increase in tax expenses, rising to ¥81,717,400.58 in Q1 2023 from ¥2,601,197.30 in Q1 2022[21] Cash Flow - The net cash flow from operating activities was -CNY 126,102,142.83, indicating a significant cash outflow[6] - Cash flow from operating activities showed a net outflow of -¥126,102,142.83, worsening from -¥21,105,567.09 in Q1 2022[21] - The net cash flow from investing activities was 745,594,000.00 RMB, while cash outflows for investing activities totaled 46,500.00 RMB[22] - The net cash flow from financing activities was -205,598,011.33 RMB, with cash inflows from financing activities amounting to 35,000,000.00 RMB[22] - The total cash and cash equivalents at the end of the period were 1,069,107,780.82 RMB, down from 1,400,062,340.98 RMB at the beginning of the period, reflecting a decrease of 330,954,560.16 RMB[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,539,989,841.01, down 6.90% from the end of the previous year[7] - As of March 31, 2023, the total assets of the company amounted to CNY 4,539,989,841.01, a decrease from CNY 4,876,568,561.16 as of December 31, 2022, representing a decline of approximately 6.9%[15] - The company's current assets totaled CNY 3,244,880,872.92, down from CNY 3,579,534,237.16, indicating a decrease of about 9.4%[16] - The company's total liabilities decreased to CNY 869,378,520.18 from CNY 1,192,594,287.71, marking a reduction of about 27.1%[17] - The total current liabilities were reported at CNY 848,979,674.10, down from CNY 1,171,745,607.45, indicating a decrease of approximately 27.5%[17] - The total assets and liabilities amounted to ¥4,539,989,841.01, down from ¥4,876,568,561.16 in the previous year[18] Equity - The total equity attributable to the parent company was CNY 3,702,270,825.96, down from CNY 3,714,738,315.53, a slight decrease of approximately 0.3%[17] - The total equity attributable to shareholders was 3,714,738,315.53 RMB, while total equity was 3,683,974,273.45 RMB[27] Operational Insights - The increase in operating revenue was mainly due to a rise in the area of property projects recognized by subsidiaries[9] - The company did not receive dividends from Xiamen International Bank in the current period, which contributed to the decline in net profit[9] - The company plans to focus on expanding its property projects and improving cash flow management in the upcoming quarters[9] - The company plans to focus on market expansion and new product development in the upcoming quarters[20] - Total operating costs for Q1 2023 were ¥31,225,177.19, down from ¥36,280,896.12 in Q1 2022, indicating a cost reduction strategy[18] - Research and development expenses decreased to ¥282,855.17 from ¥1,207,131.26 in Q1 2022, reflecting a shift in investment focus[18] Accounting Changes - The company has implemented new accounting standards starting from January 1, 2023, affecting the financial statements[22]

Financial Performance - The company's operating revenue for 2022 was ¥211,459,285.75, a decrease of 59.71% compared to ¥524,830,764.85 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥76,479,581.17, down 20.59% from ¥96,306,762.97 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥73,156,694.66, a decrease of 12.31% from ¥83,422,057.79 in 2021[23]. - Basic earnings per share decreased by 20.63% to 0.0477 yuan per share in 2022 compared to 0.0601 yuan per share in 2021[25]. - The weighted average return on equity decreased to 2.06% in 2022 from 2.57% in 2021[25]. - The company reported a significant decline in the real estate market, with national commodity housing sales area dropping by 24.3% and sales amount decreasing by 26.7% in 2022[39]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in Q4 2022, representing a 15% year-over-year growth[95]. - The company reported a net profit margin of 12%, up from 10% in the previous year, indicating improved operational efficiency[99]. Cash Flow and Assets - The cash flow from operating activities was negative at ¥165,281,044.04, compared to a negative cash flow of ¥271,520,125.75 in 2021[24]. - The total assets at the end of 2022 were ¥4,876,568,561.16, a decrease of 3.43% from ¥5,049,755,776.39 at the end of 2021[24]. - The company's cash and cash equivalents as of December 31, 2022, were RMB 1,401.42 million, a significant increase from RMB 65.48 million in the previous year[183]. - The net cash flow from operating activities was -165.28 million RMB, an improvement from -271.52 million RMB in the previous year[195]. - The net cash flow from investment activities was 1,573.11 million RMB, significantly up from 0.50 million RMB in the previous year[62]. - The total cash outflow from financing activities was 92,962,473.33, down from 142,889,377.79, reflecting a reduction in financing costs[199]. Strategic Initiatives - The company plans not to distribute profits for 2022 to ensure operational funding and sustainable development[5]. - The company plans to expedite the demolition and relocation work for the Zunyi project to facilitate project commencement[33]. - The company is preparing for the sale of a commercial complex to improve cash flow and reduce inventory[32]. - The company plans to deepen its market presence in core cities like Shanghai and Suzhou with a new development strategy focused on "one lifetime good home, glamorous living"[45]. - The company is actively working on asset revitalization and market opportunities, particularly in the robotics sector, which is currently underperforming[34]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 5% in the upcoming year[95]. Governance and Compliance - The company has established a governance structure in compliance with relevant laws and regulations, ensuring independent operations of its board and supervisory committees[87]. - The company is committed to maintaining transparency and adhering to information disclosure regulations to protect shareholder interests[88]. - The company has implemented a comprehensive budget management approach to enhance financial decision-making and improve capital utilization efficiency[82]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. - The company did not face any penalties from securities regulatory authorities in the past three years[105]. Market Conditions - The overall real estate market in Suzhou saw a significant drop in new residential supply by 43% and a 27% decrease in new home transactions in 2022[40]. - The company's real estate projects in Suzhou and Zunyi are facing challenges, with Zunyi's residential transactions down by approximately 47.01% compared to 2021[41]. - The company acknowledges investment risks in its exploration of industrial investments, emphasizing the need for a comprehensive management system to mitigate potential investment exit risks[83]. Research and Development - Total R&D investment was 4.03 million RMB, representing 1.91% of operating revenue, with 11 R&D personnel making up 5.24% of the total workforce[60]. - Research and development expenses increased by 30% in 2022, focusing on sustainable technologies and product enhancements[95]. - The company is exploring partnerships with tech firms to leverage AI and machine learning in product development, aiming for a 40% efficiency increase in production processes[95]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 128,809, an increase from 127,131 at the end of the previous month[155]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 20.5165 million yuan (pre-tax)[103]. - The company has a structured compensation decision-making process that involves the remuneration and assessment committee and requires shareholder approval[103]. Environmental and Social Responsibility - The company has disclosed a separate social responsibility report, highlighting its commitment to sustainable development[128]. - The company has implemented carbon reduction measures, focusing on energy-saving practices in construction and promoting environmental awareness among employees[127].

证券代码：600503 证券简称：华丽家族 公告编号：临2023－011 华丽家族股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 会议召开时间：2023 年 5 月 11 日（星期四）下午 13:00-14:00 会议召开地点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com /） 会议召开方式：上证路演中心网络互动 投资者可于2023年5月4日（星期四）至5月10日（星期三）16:00前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 dmb@deluxe-family.com进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 华丽家族股份有限公司（以下简称"公司"）已于2023年4月27日发布公司2022 年度报告，为便于广大投资者更全面深入地了解公司2022年度经营成果、财务状 况，公司计 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥9,067,788.70, a decrease of 72.08% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥24,212,588.37, representing a decline of 266.34% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was -¥32,713,152.32, down 324.21% from the previous year[6]. - The basic earnings per share for the quarter was -¥0.0151, a decrease of 265.93% compared to the same period last year[7]. - The company's revenue for the year-to-date was ¥144,163,523.51, down 71.67% year-on-year[6]. - Total operating revenue for the first three quarters of 2022 was CNY 144,163,523.51, a decrease from CNY 508,878,015.19 in the same period of 2021, representing a decline of approximately 71.7%[22]. - Net profit for the third quarter of 2022 was CNY 66,912,010.83, down from CNY 134,409,525.03 in the same quarter of 2021, reflecting a decrease of about 50.2%[23]. - Earnings per share for the third quarter of 2022 were CNY 0.0440, compared to CNY 0.0867 in the same quarter of 2021, showing a decline of approximately 49.3%[24]. Cash Flow and Investments - The company reported a cash flow from operating activities of -¥115,142,727.82 for the year-to-date[7]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 142,526,959.38, significantly higher than CNY 66,307,847.46 in the same period of 2021, indicating an increase of about 114.5%[26]. - The net cash flow from operating activities was -115,142,727.82, compared to -290,365,551.57 in the previous period, indicating an improvement[27]. - Total cash inflow from investment activities was 1,674,079,411.90, significantly higher than 10,009,469.72 in the previous period[27]. - The net cash flow from investment activities reached 1,610,689,888.73, compared to 5,352,063.18 in the previous period, showing strong investment returns[27]. - Cash received from investment income was 56,172,337.30, showing a positive contribution to cash inflows[27]. - The company received 1,610,000,000.00 from the disposal of subsidiaries and other business units, contributing to the strong cash inflow from investment activities[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,014,856,684.31, a decrease of 0.69% from the end of the previous year[7]. - Total assets decreased slightly to ¥5,014,856,684.31 from ¥5,049,755,776.39 year-over-year[19]. - Current liabilities totaled ¥1,242,544,495.96, down from ¥1,273,547,018.61 year-over-year[19]. - The total liabilities as of the third quarter of 2022 were CNY 1,265,652,770.06, down from CNY 1,363,257,546.45 in the previous quarter[23]. - Non-current liabilities included long-term borrowings of ¥64,130,000.00[19]. - The company reported a 100% decrease in long-term borrowings, indicating a shift in debt structure[11]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 130,295[14]. - Shanghai Nanjing (Group) Co., Ltd. held 114,020,000 shares, accounting for 7.12% of total shares[14]. - Shanghai Zexi Zengxu Investment Center held 90,000,000 shares, representing 5.62% of total shares[14]. Inventory and Receivables - Accounts receivable rose to ¥5,267,410.46 from ¥4,182,607.66 year-over-year[18]. - Inventory increased to ¥1,832,389,383.27 from ¥1,773,314,767.91 year-over-year[18]. - The company reported a significant increase in prepayments to ¥129,224,750.52 from ¥6,816,420.98 year-over-year[18].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥135,095,734.81, a decrease of 71.64% compared to ¥476,401,179.39 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was ¥94,713,894.90, down 23.83% from ¥124,350,090.97 in the previous year[19]. - Basic earnings per share for the first half of 2022 were ¥0.0591, a decrease of 23.84% from ¥0.0776 in the same period last year[20]. - The weighted average return on net assets was 2.52%, down 0.71 percentage points from 3.23% in the previous year[20]. - The company achieved operating revenue of 135.1 million yuan in the first half of 2022, a year-on-year decrease of 71.64%[33]. - The net profit attributable to shareholders was 94.7 million yuan, down 23.83% year-on-year[33]. - The company reported a significant reduction in short-term borrowings, which increased to ¥3,000,000.00 from zero in the previous year[44]. - The company reported a tax expense of CNY 5,343,102.71 for the first half of 2022, compared to CNY 34,659,513.93 in the first half of 2021, indicating a significant reduction in tax burden[108]. - The company achieved a comprehensive income total of CNY 93,010,743.67 in the first half of 2022, down from CNY 120,713,951.55 in the same period of 2021[108]. Cash Flow and Investments - The net cash flow from operating activities improved to ¥12,730,698.56, compared to a negative cash flow of ¥241,157,695.49 in the same period last year[19]. - The net cash flow from investing activities significantly increased by 751.26% to ¥61,678,920.90 from ¥7,245,634.18 year-on-year[42]. - The company raised ¥35,000,000.00 through borrowings, but had a total cash outflow from financing activities of ¥66,253,084.99, leading to a net cash flow of -¥31,253,084.99 from financing[113]. - The total cash and cash equivalents at the end of the period increased to ¥104,712,982.64, compared to ¥61,556,448.17 at the beginning of the period[113]. - The company received ¥7,622,604.73 in tax refunds during the first half of 2022[115]. Real Estate Development - The decrease in revenue was primarily due to a 94.56% reduction in the area of real estate projects delivered and recognized in sales compared to the same period last year[20]. - In the first half of 2022, the company's land reserve area was 85,300 square meters, including 23,200 square meters in Suzhou and 62,100 square meters in Zunyi[29]. - The total sales area of residential properties in Zunyi decreased by 48.77% year-on-year, with 6,682 units sold in the first half of 2022[27]. - The company's Suzhou project, Taihu Shangjing Garden, has a planned construction area of approximately 760,000 square meters, with high-rise residential and townhouses nearly sold out[28]. - The total sales area in Suzhou was 3,144,900 square meters, a 49% decrease year-on-year, marking the lowest level in four years[26]. - The total investment in real estate development in China from January to June 2022 was 683.14 billion yuan, a year-on-year decrease of 5.4%[24]. - The company plans to enhance the quality of its existing stock of independent villas in Suzhou in preparation for full sales in 2023[28]. - The Zunyi project has obtained necessary permits and is expected to be ready for construction by December 31, 2022[29]. Subsidiaries and Investments - The company received a total of 1.59 billion yuan from the sale of a 40% stake in Huatai Futures, which will be used to focus on real estate development[37]. - The company’s subsidiaries in the graphene sector are currently operating at a loss, with efforts focused on asset revitalization and market expansion[36]. - The company anticipates receiving dividends of approximately 29.46 million yuan from Xiamen International Bank for the 2021 fiscal year[38]. - The company has included 19 subsidiaries in its consolidated financial statements for the first half of 2022[132]. Shareholder and Equity Information - The total number of ordinary shareholders as of the end of the reporting period was 136,450[90]. - The total equity attributable to shareholders at the end of the reporting period was ¥3,686,498,229.94[119]. - The total equity attributable to the parent company at the end of the reporting period is CNY 3,898,887,756.37, showing an increase from CNY 3,778,173,804.82 at the end of the previous year[121]. - The retained earnings at the end of the reporting period amount to CNY 1,189,914,808.78, compared to CNY 1,065,564,717.81 in the previous year, reflecting a growth of approximately 11.7%[121]. Management and Governance - There have been changes in senior management, with Cai Shunming appointed as the new president[66]. - The company reported a commitment to not engage in any competitive activities with its subsidiaries, ensuring no conflicts of interest arise from its control over these entities[73]. - The company has pledged to avoid any illegal occupation of funds or assets belonging to the listed company and its subsidiaries[75]. - The company guarantees to fulfill obligations in good faith and to minimize related party transactions, ensuring fair pricing in accordance with market principles[76]. - The company has committed to notifying the listed company of any competitive business opportunities obtained from third parties[75]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, indicating the company has the ability to continue operations for at least 12 months from the reporting date[134]. - The company adheres to the accounting policies and estimates as per the relevant accounting standards, ensuring the financial statements reflect a true and complete view of its financial position[137]. - The accounting period for the company runs from January 1 to December 31 each year[138]. - The company's accounting currency is RMB[140]. - The company has a total of 141 pages in its financial report, indicating a comprehensive disclosure of its financial activities and policies[145].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 6,798,182.16, representing a decrease of 98.49% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 64,862,583.25, down 41.54% year-on-year[6]. - The basic earnings per share for the period was CNY 0.0405, a decrease of 41.47% year-on-year[6]. - The company reported a net loss for Q1 2022, with total operating income significantly lower than total operating costs, leading to a negative operating margin[19]. - The net profit for Q1 2022 was CNY 63,789,861.02, a decrease of 41.4% compared to CNY 109,009,299.41 in Q1 2021[20]. - The company reported a total profit of CNY 63,814,345.97, down 55.5% from CNY 143,185,707.09 in Q1 2021[20]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -21,105,567.09, an increase in outflow of 89.33% compared to the previous year[6]. - The company reported a net cash outflow from operating activities of CNY -21,105,567.09, improving from CNY -197,886,745.57 in Q1 2021[24]. - Investment activities generated a net cash inflow of CNY 55,531,607.30, compared to CNY 1,590,234.00 in the same period last year[24]. - The cash and cash equivalents at the end of Q1 2022 were CNY 74,644,026.21, down from CNY 255,468,925.48 at the end of Q1 2021[25]. - Cash and cash equivalents as of March 31, 2022, were RMB 75,989,443.47, an increase from RMB 65,478,612.34 as of December 31, 2021, reflecting a growth of approximately 23.0%[15]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,128,784,605.71, reflecting a 1.57% increase from the end of the previous year[7]. - Total assets as of March 31, 2022, were RMB 5,128,784,605.71, compared to RMB 5,049,755,776.39 at the end of 2021, indicating an increase of about 1.6%[17]. - Total liabilities as of March 31, 2022, were RMB 1,378,571,735.86, up from RMB 1,363,257,546.45, reflecting a rise of approximately 1.1%[17]. - The company's total equity attributable to shareholders was RMB 3,774,815,056.94 as of March 31, 2022, compared to RMB 3,710,027,694.80 at the end of 2021, indicating an increase of about 1.7%[17]. Operating Costs and Expenses - The company experienced a 98.07% decrease in operating costs, primarily due to reduced revenue recognition from real estate projects[9]. - Total operating costs for Q1 2022 amounted to RMB 36,280,896.12, compared to RMB 339,802,518.08 in Q1 2021, indicating a decrease of about 89.3%[19]. - The company incurred total sales expenses of CNY 1,304,144.67, compared to CNY 1,071,870.58 in the previous year, reflecting a 21.7% increase[20]. - Research and development expenses increased to CNY 1,207,131.26 from CNY 882,966.88, marking a 36.7% rise year-over-year[20]. - The company's financial expenses decreased to CNY 5,275,098.07 from CNY 6,878,715.00, a reduction of 23.3%[20]. Prepayments and Borrowings - The company reported a significant increase in prepayments by 365.51%, mainly due to increased advance payments for engineering projects[9]. - Prepayments increased significantly to RMB 31,731,249.36 from RMB 6,816,420.98, representing a growth of approximately 366.5%[15]. - Short-term borrowings doubled, increasing by 100% due to additional borrowings by subsidiaries during the reporting period[9]. Shareholder Returns - The weighted average return on equity was 1.73%, a decrease of 1.15 percentage points compared to the previous year[6].

Financial Performance - The company's net profit attributable to shareholders for 2021 was CNY 96,306,762.97, a decrease of 35.86% compared to CNY 150,154,371.79 in 2020[5]. - Total revenue for 2021 was CNY 524,830,764.85, reflecting a decline of 51.39% from CNY 1,079,571,218.68 in the previous year[21]. - The basic earnings per share for 2021 was CNY 0.0601, down 35.86% from CNY 0.0937 in 2020[22]. - The company's total assets decreased by 10.85% to CNY 5,049,755,776.39 at the end of 2021, compared to CNY 5,664,392,084.99 at the end of 2020[22]. - The net cash flow from operating activities for 2021 was negative CNY 271,520,125.75, a significant decline from positive CNY 235,074,526.10 in 2020[21]. - The company's net assets attributable to shareholders at the end of 2021 were CNY 3,710,027,694.80, a decrease of 2.20% from CNY 3,793,353,264.65 at the end of 2020[22]. - The weighted average return on equity for 2021 was 2.57%, down from 3.88% in 2020, indicating a decrease of 1.31 percentage points[22]. - The company reported a significant drop in cash flow, with a decrease of 215.50% in net cash flow from operating activities compared to the previous year[21]. - The company achieved operating revenue of CNY 524.83 million in 2021, a year-on-year decrease of 51.39%[28]. - The net profit attributable to shareholders of the parent company was CNY 96.31 million, down 35.86% year-on-year[28]. Real Estate Development - The company’s real estate development projects are primarily located in Suzhou and Zunyi, with a planned construction area of 760,832 square meters for the Suzhou project[29]. - The Suzhou project achieved pre-sale contracts of 4,100 square meters, with a sales revenue of CNY 48.54 million, a year-on-year decrease of 51.19%[29]. - The company’s land reserve area as of December 31, 2021, was 85,300 square meters, including 23,200 square meters in Suzhou and 62,100 square meters in Zunyi[30]. - The company is facing challenges in project development due to delays in government land acquisition and demolition processes[30]. - The company is actively urging local government to expedite the demolition work for the Zunyi project due to delays caused by the pandemic and government actions[39]. Financial Management - The company’s financing activities resulted in a net cash outflow of CNY 129.45 million, a significant reduction compared to the previous year's outflow of CNY 496.52 million[41]. - The company’s sales expenses decreased by 68.24% to CNY 4.80 million, attributed to reduced maintenance and advertising costs[41]. - The top five suppliers accounted for 96.87% of the total procurement, with the largest supplier contributing 91.59% of the total procurement amount[49]. - The company’s long-term loans decreased by 79.64% to 641.30 million yuan, reflecting a shift of loans to current liabilities[57]. - The total financing amount at the end of the reporting period is RMB 340.55 million, with long-term loans amounting to RMB 64.13 million and long-term loans due within one year totaling RMB 276.42 million[64]. Corporate Governance - The company adheres to strict governance practices, ensuring compliance with relevant laws and regulations[80]. - The board of directors operates independently, with various committees providing professional opinions for decision-making[81]. - The company maintains transparency in information disclosure, following established regulations and guidelines[82]. - The total remuneration for the chairman, Wang Weilin, during the reporting period was 2.8075 million CNY[85]. - The total remuneration for the president, Cai Shunming, during the reporting period was 2.0075 million CNY[85]. Market Conditions - The company anticipates increased competition and consolidation in the real estate industry, driven by financial pressures and a peak in debt repayment[70]. - The real estate market is under continuous regulatory scrutiny, impacting land acquisition, project development, and financing[74]. - The industry is experiencing increased competition, with larger firms gaining advantages, leading to greater pressure on smaller companies[75]. - The ongoing COVID-19 pandemic has created uncertainties affecting construction progress and project sales[78]. Research and Development - The company's research and development expenses decreased by 45.46% to CNY 4.01 million, reflecting reduced investment in high-tech projects[41]. - Total R&D investment was 4.01 million yuan, accounting for 0.76% of operating revenue[53]. - The company is investing 200 million yuan in R&D for new technologies aimed at enhancing product efficiency[92]. Audit and Compliance - The audit report emphasizes the importance of internal controls in the revenue recognition process and the assessment of inventory's net realizable value[162][166]. - The audit procedures included evaluating the design and operating effectiveness of internal controls related to revenue recognition and inventory valuation[161][163]. - The company has not faced any penalties from securities regulatory authorities in the past three years[99]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 140,886, an increase from 137,503 at the end of the previous month[142]. - The largest shareholder, Shanghai Nanjing Group, has not undergone any changes in control during the reporting period[147]. - The company has no strategic investors or general legal entities among the top 10 shareholders[146]. Social Responsibility - The company donated 3 million RMB to the Xinxiang Charity Association for disaster relief efforts in July 2021[122].

Financial Performance - Revenue for Q3 2021 was CNY 32,476,835.80, a decrease of 91.76% compared to the same period last year[6] - Net profit attributable to shareholders was CNY 14,556,496.26, down 86.57% year-on-year[6] - Basic earnings per share for the quarter were CNY 0.0091, reflecting an 86.57% decline from the previous year[7] - The decrease in revenue and net profit was primarily due to a reduction in the area of property projects recognized by subsidiaries[11] - The net profit attributable to shareholders for the year-to-date period was CNY 138,906,587.23, down 36.56% compared to the same period last year[6] - The company reported a weighted average return on equity of 0.37% for the quarter, down 2.27% year-on-year[7] - The net profit for Q3 2021 was approximately ¥134.41 million, a decrease of 36% compared to ¥210.15 million in Q3 2020[22] - The total revenue for the first three quarters of 2021 was ¥101.59 million, down from ¥1,066.88 million in the same period of 2020, indicating a significant decline[25] - The company reported an operating profit of ¥168.33 million for Q3 2021, down from ¥291.63 million in Q3 2020, showing a decline of approximately 42%[22] - The basic and diluted earnings per share for Q3 2021 were both ¥0.0867, compared to ¥0.1366 in Q3 2020, representing a decrease of about 36%[24] - The total comprehensive income for Q3 2021 was approximately ¥134.22 million, down from ¥209.68 million in Q3 2020[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,334,278,305.42, a decrease of 5.83% from the end of the previous year[7] - As of September 30, 2021, total assets were CNY 5,334,278,305.42, compared to CNY 5,664,392,084.99 at the end of 2020, reflecting a decrease of approximately 6%[19] - Total liabilities as of September 30, 2021, were CNY 1,429,891,716.94, down from CNY 1,886,218,280.17 at the end of 2020, showing a reduction of about 24%[19] - Current assets totaled CNY 2,291,620,548.46 as of September 30, 2021, compared to CNY 2,715,481,666.72 at the end of 2020, indicating a decrease of approximately 16%[17] - Non-current assets increased to CNY 3,042,657,756.96 as of September 30, 2021, from CNY 2,948,910,418.27 at the end of 2020, representing an increase of about 3%[18] - The company's retained earnings as of September 30, 2021, were CNY 1,196,459,855.04, an increase from CNY 1,065,564,717.81 at the end of 2020, reflecting an increase of about 12%[19] - The company’s total equity as of September 30, 2021, was CNY 3,904,386,588.48, compared to CNY 3,778,173,804.82 at the end of 2020, indicating an increase of about 3%[19] - Total current assets amounted to CNY 2,715,481,666.72, with inventory representing CNY 1,966,440,661.84, accounting for approximately 72.4% of current assets[28] - Non-current assets totaled CNY 2,948,910,418.27, with long-term equity investments at CNY 1,476,649,938.82, representing about 50.1% of non-current assets[30] - Total liabilities amounted to CNY 1,886,218,280.17, with non-current liabilities at CNY 341,684,801.80[31] - Shareholders' equity totaled CNY 3,778,173,804.82, with retained earnings of CNY 1,065,564,717.81[31] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 290,365,551.57, representing a decline of 269.24%[7] - Cash flow from operating activities for the first three quarters of 2021 was negative at ¥290.37 million, contrasting with a positive cash flow of ¥171.57 million in the same period of 2020[25] - The net cash flow from investing activities was ¥5.35 million in Q3 2021, a decrease from ¥29.17 million in Q3 2020[26] - The company incurred a net cash outflow from financing activities of ¥13.50 million in Q3 2021, compared to a smaller outflow of ¥12.23 million in Q3 2020[26] - The company's cash and cash equivalents were CNY 162,943,140.61 as of September 30, 2021, down from CNY 465,844,669.72 at the end of 2020, a decline of approximately 65%[17] - The cash and cash equivalents at the end of Q3 2021 were ¥158.99 million, a significant decrease from ¥777.93 million at the end of Q3 2020[26] - The company reported a significant increase in cash and cash equivalents, totaling CNY 465,844,669.72[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 145,048[14] - The largest shareholder, Shanghai Nanjing (Group) Co., Ltd., held 114,020,000 shares, accounting for 7.12% of total shares[14] Other Information - The company reported a significant reduction in accounts receivable, which decreased to CNY 4,327,572.53 from CNY 5,870,614.72 in the previous year, a decline of approximately 26%[17] - Deferred tax assets were recorded at CNY 3,043,613.77, indicating potential future tax benefits[30] - The company is adapting to new leasing standards, which have impacted the recognition of lease liabilities and right-of-use assets[32] - The board of directors announced the financial results on October 28, 2021, reflecting the company's ongoing commitment to transparency[33]