2022 年第一季度报告 单位：元 币种：人民币 证券代码：600620 证券简称：天宸股份 上海市天宸股份有限公司 2022 年第一季度报告 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个别及连带责任。 重要内容提示 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。 公司负责人叶茂菁、主管会计工作负责人杨炯祺及会计机构负责人（会计主管人员）张春华保证 季度报告中财务报表信息的真实、准确、完整。 第一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 | --- | --- | --- | |--------------------------------|----------------|---------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增减 \n变动幅度 (%) | | 营业收入 | 3,894,877.24 | -63. ...

Financial Performance - The net profit attributable to the parent company for 2021 was CNY 123,065,844.74, with distributable profits as of December 31, 2021, amounting to CNY 479,708,473.66[5] - The company's operating revenue for 2021 was CNY 41,817,567.02, representing a 13.37% increase compared to CNY 36,885,944.34 in 2020[21] - Net profit attributable to shareholders for 2021 was CNY 123,065,844.74, a 16.84% increase from CNY 105,324,245.63 in 2020[21] - The net profit after deducting non-recurring gains and losses decreased by 7.77% to CNY 81,813,140.02 in 2021 from CNY 88,704,486.84 in 2020[21] - The company's total assets at the end of 2021 were CNY 2,731,229,896.46, down 7.01% from CNY 2,937,105,335.82 at the end of 2020[21] - Basic earnings per share increased by 20.00% to CNY 0.18 in 2021, compared to CNY 0.15 in 2020[21] - The weighted average return on net assets rose to 5.38% in 2021, an increase of 1.43 percentage points from 3.95% in 2020[21] - The net cash flow from operating activities was negative CNY 211,410,099.71 in 2021, compared to negative CNY 42,202,335.36 in 2020[21] - The company's net assets attributable to shareholders decreased by 7.35% to CNY 2,200,598,853.33 at the end of 2021 from CNY 2,375,255,731.35 at the end of 2020[21] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.55 per 10 shares, totaling CNY 37,767,241.22[5] - The company has a cash dividend policy that emphasizes stable returns to shareholders, with the 2020 profit distribution plan approved and implemented during the reporting period[102] Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4] - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[3] - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[6] - The company reported no penalties from securities regulatory authorities in the past three years, indicating a clean compliance record[87] Business Operations - The company achieved operating revenue of RMB 41.82 million, an increase of 13.37% compared to the previous year, primarily due to the recovery of taxi and property leasing revenues after the pandemic[30] - The taxi business generated revenue of RMB 13.22 million, with a net profit of RMB 2.52 million, reflecting a 7.08% increase in operating income compared to last year[32] - Property leasing income was RMB 28.53 million, an increase of RMB 4.33 million from RMB 24.20 million in the previous year, as there were no pandemic-related rent reductions this year[32] - The Tianchen Life Science City project reported a net loss of RMB 8.17 million, but this was a 39.52% reduction in losses compared to the previous year's loss of RMB 13.51 million[31] - The company is investing RMB 250 million in the rehabilitation hospital project, which is currently under construction[32] Investment and Financial Management - Investment income for the period was RMB 114.99 million, with fair value changes contributing RMB 42.15 million, largely due to the listing of an investment project on the STAR Market[34] - The company has invested a total of CNY 30,000,000 in financial products, including CNY 5,000,000 in bank wealth management products and CNY 15,000,000 in private equity funds[134] - The company reported a total of CNY 563,410 in actual returns from a private equity fund managed by Huatai Fund Management Co., Ltd.[134] Risk Management - The company recognizes macroeconomic risks and uncertainties in the post-pandemic era, which may impact its operations and growth[67] - The company faces risks from the ongoing COVID-19 pandemic, which could affect its property and rental businesses[69] - The company is subject to policy risks related to national real estate regulations that may impact financing and sales of the Life Science City project[69] - The company acknowledges competition risks from emerging ride-hailing services that may affect its traditional taxi business[69] Governance and Management - The company held three shareholder meetings in 2021, with key resolutions including the approval of bank loan guarantees for subsidiaries and the election of new board members[75] - The total pre-tax remuneration for senior management during the reporting period amounted to 685.11 million CNY, with the highest individual remuneration being 320,000 CNY for the general manager[77] - The company appointed new directors and independent directors in November 2021, including Ye Zhijian and Ji Aiping[81] - The company’s management team has extensive experience in various sectors, including finance and real estate[82] - The company has implemented a cash management plan using idle funds, aiming to optimize financial resources[89] Employee and Workforce - The company reported a total of 124 employees, with 22 in the parent company and 102 in major subsidiaries[99] - The workforce includes 33 production staff, 4 sales personnel, 37 technical staff, 10 financial staff, and 40 administrative staff[99] - The company has established a training plan to enhance employee skills, combining internal and external training methods[101] Legal Matters - The company is involved in a significant civil lawsuit against Shanghai Haoyouduo Investment Consulting Co., Ltd., claiming a total of RMB 4,867,911.94 for housing occupation fees and fire water fees[124] - The court ruled that the defendant must pay RMB 1,389,150 as housing occupation fees and RMB 251,385.25 for fire water fees, with additional penalties for late payment[126] Shareholder Structure - The total number of common shareholders at the end of the reporting period was 16,639, down from 19,087 at the end of the previous month[142] - The largest shareholder, Shanghai Zhongsheng Hongqiao Enterprise Management Co., Ltd., held 172,225,164 shares, representing 25.08% of the total shares[144] - The second largest shareholder, Guohua Life Insurance Co., Ltd. - Universal No. 3, held 104,088,332 shares, accounting for 15.16%[144] - The company reported no changes in the controlling shareholder or actual controller during the reporting period[146] Asset Management - The fair value of financial assets held by Tianchen Co. as of December 31, 2021, amounted to 1,502.16 million yuan, representing 55.00% of total assets[158] - Current assets totaled CNY 1,148,775,558.20, an increase from CNY 1,046,706,931.82 in the previous year, representing a growth of about 9.8%[169] - Cash and cash equivalents decreased to CNY 193,415,072.33 from CNY 264,896,175.23, indicating a decline of approximately 27%[169] - Inventory rose by 34.39% to CNY 759.38 million, primarily due to increased project development costs[55]

单位：元 币种：人民币 1 / 16 天宸股份 2021 年第三季度报告 证券代码：600620 证券简称：天宸股份 上海市天宸股份有限公司 2021 年第三季度报告 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个别及连带责任。 重要内容提示： 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 报表信息的真实、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 本报告期 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|------------------------------|-----------------|----------------------- ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 21,006,386.87, representing an increase of 11.25% compared to CNY 18,882,066.06 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 177,453,429.95, a significant increase of 70.84% from CNY 103,872,309.20 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 74,379,795.04, which is a decrease of 29.59% compared to CNY 105,638,834.48 in the previous year[19]. - Basic earnings per share for the first half of 2021 were CNY 0.26, an increase of 70.79% compared to CNY 0.15 in the same period last year[20]. - The weighted average return on net assets was 7.28%, an increase of 3.03 percentage points from 4.25% in the previous year[20]. - The company reported a net cash flow from operating activities of CNY -72,762,068.84, compared to CNY -9,165,377.92 in the same period last year, indicating a worsening cash flow situation[19]. Revenue Sources - Taxi operation revenue was RMB 7.07 million, with a net profit of RMB 1.26 million, reflecting a 32.92% increase year-on-year[31]. - The company realized investment income of RMB 83.15 million and fair value change income of RMB 132.63 million during the reporting period[31]. - The company’s property leasing income remained stable at RMB 13.82 million, showing no significant change from the previous year[31]. - The Tianchen Health City project reported a net loss of RMB 2.89 million, an improvement of 46.24% compared to the previous year's loss of RMB 5.38 million[31]. Asset and Liability Management - The company's total assets at the end of the reporting period were CNY 3,061,838,601.50, up 4.25% from CNY 2,937,105,335.82 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased to CNY 2,439,047,335.76, reflecting a growth of 2.69% from CNY 2,375,255,731.35 at the end of the previous year[19]. - Cash and cash equivalents decreased by 39.05% to CNY 161,455,996.32 from CNY 264,896,175.23 year-on-year, primarily due to payments for the Health City project[39]. - Total liabilities reached CNY 517,773,499.37, compared to CNY 469,898,403.93, indicating a growth of around 10.18%[81]. Strategic Initiatives - The company plans to expedite the construction of the Tianchen Health City project and the rehabilitation hospital to create new revenue growth points[29]. - The company aims to adjust its strategic direction to enhance core competitiveness through the development of new projects and industries[30]. Shareholder Information - The company reported a total of 19,729 ordinary shareholders as of the end of the reporting period[70]. - The top shareholder, Shanghai Zhongsheng Hongqiao Enterprise Management Co., Ltd., holds 25.08% of the shares, totaling 172,225,164 shares[70]. - The second-largest shareholder, Guohua Life Insurance Co., Ltd. - Universal No. 3, owns 15.16% with 104,088,332 shares[70]. Legal and Governance Matters - There were changes in the supervisory board, with Li Weiyan resigning and Wei Bo elected as a new supervisor[51]. - The company has made long-term commitments to avoid conflicts of interest and ensure fair transactions with related parties[58]. - There were no significant lawsuits or arbitration matters reported during the reporting period[60]. Financial Reporting and Compliance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial statements reflect a true and complete picture of its financial status[126]. - The company has confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[124]. - The company’s financial reporting period aligns with the calendar year, from January 1 to December 31[127]. Risks and Challenges - The company faces risks from national real estate macro-control and market environment changes, which may impact financing, sales, or leasing of health city projects[46]. - Unforeseen factors such as the pandemic and economic environment may adversely affect property leasing and taxi operations[46]. - The rehabilitation hospital renovation project requires government approval before opening, presenting a degree of uncertainty[46].

天宸股份 2021 年第一季度报告 公司代码：600620 公司简称：天宸股份 上海市天宸股份有限公司 2021 年第一季度报告 1 / 25 2021 年第一季度报告 重要提示 . 一、 二、 公司基本情况 . 11Í 重要事项 . 四、 附录 . 天疼股份 目录 2 / 25 天宸股份 2021 年第一季度报告 单位：元 币种：人民币 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 公司负责人叶茂菁、主管会计工作负责人代峥嵘及会计机构负责人（会计主管人员）张春华 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |------------------------------------------------|------------------|----------------------|----- ...

Financial Performance - In 2020, Tianchen Co., Ltd. reported a revenue of CNY 36,885,944.34, a decrease of 25.41% compared to CNY 49,452,622.41 in 2019[20] - The net profit attributable to shareholders of the listed company for 2020 was CNY 105,324,245.63, representing an increase of 56.89% from CNY 67,130,915.65 in 2019[20] - The net profit after deducting non-recurring gains and losses was CNY 88,704,486.84, up 50.67% from CNY 58,873,995.53 in 2019[20] - The basic earnings per share for 2020 was CNY 0.15, a 50.00% increase from CNY 0.10 in 2019[21] - The company reported a net profit margin improvement due to reduced operating costs and increased investment income[175] - The total profit for the year was CNY 105,724,297.89, compared to CNY 71,218,861.47 in 2019, marking an increase of 48.3%[179] - The company reported a significant loss in other comprehensive income, totaling CNY -233,808,753.36, compared to a gain of CNY 175,356,565.02 in the previous year[182] - The total comprehensive income for the year was CNY -131,192,936.15, a decrease from CNY 237,035,678.08 in 2019, highlighting challenges in overall financial performance[179] Assets and Liabilities - The total assets of the company at the end of 2020 were CNY 2,937,105,335.82, a decrease of 7.10% from CNY 3,161,613,473.09 at the end of 2019[20] - The total liabilities of Tianchen Co. decreased to approximately ¥469.90 million in 2020 from ¥542.61 million in 2019, reflecting a decline of about 13.4%[168] - The equity attributable to shareholders decreased to approximately ¥2.38 billion in 2020 from ¥2.52 billion in 2019, a decrease of about 5.8%[169] - The company's cash and cash equivalents decreased to approximately ¥264.90 million in 2020 from ¥339.63 million in 2019, representing a decline of about 22.0%[166] - The total liabilities to equity ratio stands at approximately 0.21, suggesting a conservative leverage position[83] Cash Flow - The net cash flow from operating activities was negative CNY 42,202,335.36 in 2020, compared to negative CNY 16,501,953.96 in 2019[20] - The company reported a cash inflow from operating activities totaling 50,391,081.06 RMB, down from 58,240,370.32 RMB in the previous year, indicating a decrease of about 13.8%[184] - The net cash flow from investment activities was -14,184,046.93 RMB, a sharp decline from 142,775,514.01 RMB in the previous year, reflecting reduced investment returns[185] - The total cash outflow from operating activities was 92,593,416.42 RMB, compared to 74,742,324.28 RMB in 2019, reflecting an increase of approximately 23.8%[184] Investment and Projects - The company plans to invest 1.58 billion RMB in the Tianchen Health City project, which is expected to take 2 years to complete and could significantly alter the revenue structure[30] - The company has initiated the Tianchen Health City project, which is expected to become a new revenue growth point, although it faces uncertainties due to external policies and market conditions[56] - The company achieved investment income of 116.97 million RMB, with cash dividends from Greenland Holdings contributing 111.34 million RMB[38] Shareholder Information - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares, totaling CNY 34,333,855.65[5] - The cash dividend for 2020 was set at 0.5 RMB per 10 shares, with a total cash distribution of approximately 34.33 million RMB, representing 33% of the net profit attributable to ordinary shareholders[72] - The total number of ordinary shareholders increased from 20,059 to 20,307 during the reporting period[109] Management and Governance - The company has maintained a stable management team with no changes in shareholding or significant remuneration adjustments[126] - The company emphasizes the protection of shareholder rights and maintains a commitment to fair and transparent information disclosure[149] - The company has acknowledged the need for strategic adjustments to enhance its core competitiveness and financial performance[65] Market Conditions and Challenges - The company is facing risks from national real estate macro-control and potential adverse impacts from the pandemic on its leasing and taxi operations[68] - The company provided rent reductions to tenants in response to government initiatives, which impacted rental income but was offset by efforts to lease additional properties[30] - The company aims to enhance its core competitiveness and improve revenue and profit levels through strategic adjustments in response to market conditions[30]

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 106,760,876.95, an increase of 29.20% year-on-year[17] - Operating revenue for the period was CNY 31,260,477.08, down 12.82% from the same period last year[17] - The net profit after deducting non-recurring gains and losses was CNY 103,793,239.76, up 37.60% year-on-year[17] - Basic earnings per share rose to CNY 0.1555, reflecting a growth of 29.26%[19] - The company's operating revenue for Q3 2020 was CNY 2,035,882.99, an increase from CNY 1,649,715.86 in Q3 2019, representing a growth of approximately 23.4%[49] - The net profit for Q3 2020 was CNY 1,358,742.89, compared to a net loss of CNY 308,957.84 in Q3 2019, indicating a significant turnaround[50] - The total comprehensive income for Q3 2020 was CNY 124,525,854.03, up from CNY 47,705,339.72 in Q3 2019, reflecting a year-over-year increase of approximately 161.5%[50] - The company's total profit for Q3 2020 was CNY 2,095,314.72, compared to a loss of CNY 411,943.77 in Q3 2019, indicating a strong recovery in profitability[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,084,982,108.42, a decrease of 2.42% compared to the end of the previous year[17] - The total assets of the company as of September 30, 2020, were approximately ¥3,085.0 million, down from ¥3,161.6 million, a decrease of 2.4%[34] - Total liabilities decreased to approximately ¥502.2 million from ¥542.6 million, a reduction of 7.4%[35] - The equity attributable to shareholders decreased to approximately ¥2,489.4 million from ¥2,524.3 million, a decline of 1.4%[35] - The company's total liabilities decreased to ¥790,849,546.51 from ¥816,543,089.61 year-over-year[40] - Total liabilities reached CNY 542,613,291.66, with current liabilities at CNY 57,482,271.23 and non-current liabilities at CNY 485,131,020.43[61] - The total amount of accounts payable was CNY 5,436,039.90, with other payables at CNY 330,652,550.84[64] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 5,860,800.78, an improvement from a net outflow of CNY 8,601,026.07 in the previous year[17] - The net cash flow from operating activities was -CNY 5,860,800.78, an improvement from -CNY 8,601,026.07 year-over-year[51] - The cash balance at the end of the period was CNY 264,732,064.57, down from CNY 348,700,129.84 at the end of the same period last year[52] - The company experienced a net cash decrease of CNY 74,901,682.60 during the period, compared to an increase of CNY 114,696,634.67 in the same period last year[52] Shareholder Information - The total number of shareholders at the end of the reporting period was recorded, along with the holdings of the top ten shareholders[22] - The total number of shareholders is 20,010, with the largest shareholder, Shanghai Zhongsheng Hongqiao Enterprise Management Co., holding 172,225,164 shares, accounting for 25.08%[24] Government Support - Government subsidies recognized in the current period amounted to CNY 768,724.30, including CNY 613,524.30 for fiscal support and CNY 321,292.50 for employment stabilization[21] Other Financial Metrics - The weighted average return on net assets increased by 0.84 percentage points to 4.26%[19] - The company's trading financial assets increased to 252,771,206.75 RMB, a significant rise of 365.45% compared to the previous year[27] - Other current assets decreased to 1,473,650.07 RMB, reflecting a decline of 95.91% year-on-year[27] - The financial expenses were reported at -4,435,348.11 RMB, a reduction of 287.72% from the previous year[29] - The company reported a decrease in income tax expenses to 886,135.38 RMB, down 87.11% year-on-year[29] - The company recorded an investment income of ¥459,417.39 in Q3 2020, compared to ¥236,353.22 in Q3 2019[44] - The company has not disclosed any significant changes in its commitments or major events during the reporting period[30] - The company anticipates potential losses or significant changes in net profit compared to the previous year, but no specific warnings were issued[30]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 18,882,066.06, a decrease of 19.43% compared to the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 103,872,309.20, an increase of 17.03% year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 105,638,834.48, representing a 35.13% increase compared to the previous year[17]. - The basic earnings per share for the first half of 2020 was CNY 0.1513, up 17.01% from CNY 0.1293 in the same period last year[18]. - The weighted average return on net assets increased to 4.25%, up by 0.54 percentage points year-on-year[18]. - The total assets at the end of the reporting period were CNY 2,933,007,639.72, a decrease of 7.23% from the end of the previous year[17]. - The net assets attributable to shareholders of the listed company decreased by 6.38% to CNY 2,363,365,904.15 compared to the end of the previous year[17]. - The net cash flow from operating activities was negative at CNY -9,165,377.92, compared to CNY -7,960,857.07 in the same period last year[17]. Revenue Sources - Taxi business revenue was 5.32 million yuan, with a loss of 2.14 million yuan, reflecting a 47.45% decrease in revenue compared to the previous year[30]. - Property leasing income increased by 3.45% to 13.38 million yuan, mainly due to new leasing income from tenant replacements[30]. - Investment income for the period was 116.01 million yuan, primarily from cash dividends of 111.47 million yuan, including 111.34 million yuan from Greenland Holdings[30]. Operational Challenges - The company achieved operating revenue of 18.88 million yuan, a decrease of 19.43% compared to the same period last year, primarily due to the impact of the pandemic on taxi operations[30]. - The company plans to implement cost reduction and efficiency enhancement measures to mitigate the impact of the COVID-19 pandemic on its operations[44]. - The company's taxi operations accounted for less than 1% of the total taxi market in Shanghai, indicating low market share and increasing competition[24]. Legal Matters - The company has a civil lawsuit involving a claim for 4,867,911.93 RMB, with a judgment already made and the opposing party has appealed[51]. - The company has a civil lawsuit seeking compensation totaling 1,675,736 RMB, with the first instance completed and awaiting court judgment[51]. - Tianchen Co. filed a lawsuit against Shanghai Haoyouduo Investment Consulting Co., requesting payment of RMB 4,194,091.23 for housing occupation fees and RMB 673,820.71 for fire water fees[53]. - The court ruled that Haoyouduo must pay Tianchen RMB 1,389,150 for housing occupation fees from October 1, 2017, to April 4, 2019, and RMB 251,385.25 for fire water fees[53]. - Tianchen Co. is involved in a separate lawsuit where the plaintiffs are seeking a total of RMB 1,675,736 in compensation for damages related to a fatal accident involving a security guard[54]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 22,793[63]. - The largest shareholder, Shanghai Zhongsheng Hongqiao Enterprise Management Co., Ltd., holds 172,225,164 shares, accounting for 25.08% of the total shares[63]. - Guohua Life Insurance Co., Ltd. - Universal No. 3 holds 104,088,332 shares, representing 15.16% of the total shares[63]. - The company has not experienced any changes in its share capital structure during the reporting period[62]. Financial Management - The company has retained Lixin Certified Public Accountants for 2020 financial and internal control audits, with a total fee of 750,000 RMB[49]. - The company reported a significant increase in accounts receivable, which rose by 578.33% to ¥2,426,205.02 from ¥357,672.40 year-on-year[34]. - The company’s financial expenses decreased by 228.72% to -¥2,379,264.88, as there were no interest expenses incurred this period[32]. Asset Management - The company's total assets at the end of the reporting period were ¥1.77 billion, with net assets of ¥1.73 billion[37]. - The company's current assets totaled approximately CNY 1.05 billion, an increase from CNY 947.38 million at the end of 2019, representing a growth of about 11.2%[71]. - Cash and cash equivalents increased to approximately CNY 369.73 million from CNY 339.63 million, marking an increase of about 8.9%[71]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position and operating results[122]. - The company operates under a unified accounting policy across all subsidiaries, ensuring consistency in financial reporting[129]. - The company’s accounting period runs from January 1 to December 31 each year, aligning with standard fiscal practices[123]. Risk Management - There are no significant risks or non-operating fund occupation issues reported by the company[6]. - The company confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months from the reporting date[120]. - The company’s general risk reserve was reported at 135,088,620.57, reflecting prudent risk management practices[106].

天宸股份 2020 年第一季度报告 公司代码：600620 公司简称：天宸股份 上海市天宸股份有限公司 2020 年第一季度报告 1 / 24 2020 年第一季度报告 天演股份 | --- | --- | |-------|----------------| | | | | | 目录 | | 一、 | 重要提示 . | | 二、 | 公司基本情况 . | | 11Í | 重要事项 . | | 四、 | 附录 . | 2 / 24 单位：元 币种：人民币 3 / 24 天宸股份 2020 年第一季度报告 一、 重要提示 4.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 4.2 公司全体董事出席董事会审议季度报告。 4.3 公司负责人叶茂菁、主管会计工作负责人代峥嵘及会计机构负责人（会计主管人员）张春华 保证季度报告中财务报表的真实、准确、完整。 4.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |------ ...

Financial Performance - The net profit attributable to shareholders for 2019 was CNY 67,130,915.65, a decrease of 0.78% compared to 2018[5]. - The company's operating revenue for 2019 was CNY 49,452,622.41, reflecting a growth of 1.30% year-on-year[24]. - The net profit after deducting non-recurring gains and losses was CNY 58,873,995.53, representing an increase of 18.74% year-on-year[24]. - The net profit attributable to shareholders in Q4 2019 was -¥15,500,952.75, indicating a significant decline from Q3's -¥6,123,813.74[28]. - The net profit attributable to the parent company was 67.13 million yuan, a decrease of 0.78% from 67.66 million yuan year-on-year[41]. - The company reported a net profit of CNY 61,679,113.06, down from CNY 65,037,135.33 in 2018, a decline of 5.2%[181]. - The company reported a total comprehensive income attributable to the parent company of CNY 242,487,480.67, compared to a loss of CNY 193,119,556.74 in 2018[186]. - The company reported an increase in retained earnings of 213,872,893.13, contributing to the overall equity growth[197]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -16,501,953.96, worsening from CNY -9,863,085.84 in 2018[24]. - The net cash flow from operating activities for the entire year was -¥7,900,927.89, reflecting ongoing cash flow challenges[28]. - The company's cash and cash equivalents increased by ¥10,563.02 million, a growth of 45.14% compared to the beginning of the year[36]. - The company's cash flow from operating activities was negative at -16.50 million yuan, indicating cash outflows[43]. - The total cash inflow from investment activities was 152,831,206.63, down from 339,776,360.99, reflecting a significant decline in investment returns[190]. - The cash balance at the end of the period was 273,925,484.41, up from 133,082,509.27, demonstrating a strong liquidity position[194]. Assets and Liabilities - The total assets at the end of 2019 amounted to CNY 3,161,613,473.09, an increase of 10.52% from the previous year[24]. - The company's total liabilities decreased slightly to CNY 542,613,291.66 in 2019 from CNY 544,839,135.31 in 2018, indicating a reduction of about 0.4%[171]. - The total equity attributable to shareholders rose to CNY 2,524,340,552.47 in 2019, compared to CNY 2,283,893,970.70 in 2018, marking an increase of approximately 10.6%[171]. - The total current assets as of December 31, 2019, amounted to CNY 947.38 million, an increase from CNY 828.84 million in 2018[167]. - The total non-current assets amounted to CNY 2,999,724,229.90 in 2019, up from CNY 2,789,913,466.29 in 2018, which is an increase of about 7.5%[175]. Investment and Income Sources - The total investment income from holding shares in Greenland Holdings was a key profit source, contributing to the overall financial performance[35]. - Investment income totaled 98.34 million yuan, primarily from cash dividends of 83.50 million yuan from Greenland Holdings[41]. - The composition of investment income included CNY 83.50 million from other equity investments, CNY 7.20 million from other non-current financial assets, and CNY 4.64 million from financial assets measured at amortized cost[158]. - The company emphasized the importance of investment income as a major source of profit, impacting both net profit and net profit after deducting non-recurring items[158]. Business Strategy and Operations - The company plans to focus on optimizing its business strategy and expanding operations to improve management efficiency[35]. - The company aims to enhance its core competitiveness by exploring new business opportunities and improving operational capabilities[37]. - The company plans to explore new business models to improve profitability and reduce reliance on investment income[41]. - The company plans to start the development of land in Minhang District, Shanghai, in 2020, aiming to create new growth opportunities[59]. - The company aims to integrate health and real estate, focusing on the "Minhang Tianchen Health City" project to create a comprehensive health complex[68]. Governance and Compliance - The company emphasizes improving governance and operational efficiency to protect investors' rights and interests[69]. - The company has maintained compliance with the relevant regulations set by the China Securities Regulatory Commission regarding corporate governance[145]. - The company has established a comprehensive internal control system, with no major defects identified in financial reporting as of the evaluation report date[148]. - The company has engaged Lixin Accounting Firm for financial and internal control audits, with total audit fees amounting to ¥750,000[90]. Shareholder Information - The company has a total of 25,433 ordinary shareholders as of the end of the reporting period, an increase from 23,951 shareholders at the end of the previous month[112]. - The largest shareholder, Shanghai Zhongsheng Hongqiao Enterprise Management Co., Ltd., holds 172,225,164 shares, accounting for 25.08% of the total shares[114]. - The top five shareholders collectively hold 56.09% of the total shares, indicating a significant concentration of ownership[114]. - The company has not disclosed any major related party transactions during the reporting period[98]. Risks and Challenges - The company has acknowledged potential operational risks in its annual report, advising investors to remain cautious[7]. - The company expects the real estate market to face challenges due to the impact of the COVID-19 pandemic, but aims to seize opportunities in the health sector[67]. - The company faces risks from the COVID-19 pandemic, which may delay the start of the Tianchen Health Land Development project and impact the taxi passenger transport business[71].