2023 年半年度主要经营数据公告 本公司监事会及全体监事保证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。 根据《上市公司行业信息披露指引第二号——房地产、第四号——电力、第五号—— 零售》的要求，辽宁申华控股股份有限公司（简称"公司"）现将 2023 年半年度主要经 营数据披露如下： | 主营业务分行业情况 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 分行业 | 营业收入 | 营业成本 | 毛利率 | 营业收入比 | 营业成本 | 毛利率 比上年 | | | | | （%） | 上年增减 | 比上年增 | | | | | | | （%） | 减（%） | 增减（%） | | 商业 | 2,480,850,032.69 | 2,407,035,131.37 | 2.98 | -14.07 | -11.05 | -3.29 | | 房地产 | 4,611,338.43 | 1,920,343.69 | 58.36 | 1039.60 | 903.71 | 5.64 | | ...

公司代码：600653 公司简称：申华控股 辽宁申华控股股份有限公司 2022 年年度报告 ...

证券代码：600653 证券简称：申华控股 公告编号：2023-24 号 辽宁申华控股股份有限公司 关于召开 2022 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个别及连带责任。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围 内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 会议召开时间：2023 年 06 月 07 日（星期三）上午 09:00-10:00 会议召开地点：上海证券交易所上证路演中心（网址： （一） 会议召开时间：2023 年 06 月 07 日 上午 09:00-10:00 （二） 会议召开地点：上证路演中心 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 公司董事长、总裁、财务总监、董事会秘书及其他高级管理人员（如有特 殊情况，参会人员将可能进行调整）。 投 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,343,204,385.16, representing a decrease of 18.95% compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was -¥24,368,459.31, a decline of 1,168.16% year-on-year[3]. - The net cash flow from operating activities was -¥9,788,826.04, reflecting a decrease of 102.28% compared to the previous year[3]. - The basic and diluted earnings per share were both -¥0.0125, a decrease of 1,141.67% year-on-year[3]. - Net profit for Q1 2023 was a loss of ¥22,684,030.35, compared to a profit of ¥20,327,245.97 in Q1 2022[15]. - Operating profit for Q1 2023 was a loss of ¥20,884,812.04, contrasting with a profit of ¥34,846,933.37 in Q1 2022[14]. - Total comprehensive income for Q1 2023 was a loss of ¥22,123,685.24, compared to a profit of ¥20,327,245.97 in Q1 2022[15]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,616,809,255.61, down 4.55% from the end of the previous year[3]. - The company's current assets totaled CNY 1,808,994,322.18, down from CNY 1,960,730,490.69 at the end of 2022, indicating a decrease of about 7.74%[9]. - The company's cash and cash equivalents were CNY 197,126,058.92, a significant drop from CNY 307,665,080.50, reflecting a decrease of approximately 35.93%[9]. - Total liabilities decreased to CNY 2,404,347,664.45 from CNY 2,547,304,622.20, marking a reduction of around 5.61%[11]. - The company's total equity as of March 31, 2023, was CNY 1,212,461,591.16, down from CNY 1,241,825,263.80, which is a decrease of about 2.37%[11]. Cash Flow - Cash flow from operating activities for Q1 2023 was a net outflow of ¥9,788,826.04, compared to a net inflow of ¥60,605,946.69 in Q1 2022[16]. - Cash flow from investing activities for Q1 2023 resulted in a net outflow of ¥6,227,793.92, compared to a net outflow of ¥3,874,732.39 in Q1 2022[16]. - Cash flow from financing activities for Q1 2023 was a net inflow of ¥21,715,822.06, compared to a net outflow of ¥31,959,046.55 in Q1 2022[16]. - Cash and cash equivalents at the end of Q1 2023 were ¥108,587,800.14, down from ¥195,043,186.08 at the end of Q1 2022[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 155,504[6]. - The top three shareholders are acting in concert, while the remaining shareholders do not have known relationships[6]. Inventory and Receivables - The company's inventory stood at CNY 1,077,832,785.64, a decrease from CNY 1,135,299,147.63, representing a decline of approximately 5.06%[9]. - The company reported accounts receivable of CNY 174,540,511.93, slightly up from CNY 172,448,795.67, reflecting an increase of approximately 1.22%[9]. Management and Strategy - The company reported a significant decline in sales scale at 4S stores, impacting revenue and profit margins[4]. - The company has implemented stricter budget management to control expenses, resulting in a reduction in management expenses by 11.00%[4]. - The company has not provided specific guidance for future performance or new product developments in the current report[8]. - The company is actively seeking restructuring investors, with a deadline for submissions set for May 19, 2023[8].

Financial Performance - The net profit attributable to the parent company for 2022 was -172,705,366.12 CNY, a decrease of 517.78% compared to the previous year's profit of 41,339,186.24 CNY[4]. - The total operating revenue for 2022 was 5,948,821,734.84 CNY, representing a decline of 16.19% from 7,097,882,961.37 CNY in 2021[20]. - The net cash flow from operating activities was 138,769,283.74 CNY, down 67.71% from 429,737,976.91 CNY in the previous year[20]. - The total assets at the end of 2022 were 3,789,129,886.00 CNY, a decrease of 9.59% compared to 4,191,085,684.77 CNY at the end of 2021[20]. - The net assets attributable to shareholders at the end of 2022 were 996,413,803.89 CNY, down 15.23% from 1,175,375,300.67 CNY in 2021[20]. - The basic earnings per share for 2022 were -0.0887 CNY, a decrease of 518.40% from 0.0212 CNY in 2021[21]. - The weighted average return on net assets for 2022 was -15.904%, a decrease of 19.55 percentage points from 3.648% in 2021[21]. - The company reported a net profit attributable to shareholders of RMB -141.08 million in Q4 2022, marking a significant decline from previous quarters[23]. - The company reported a significant change in management, with the retirement of the former president and director, Shen Yi[93]. Sales and Market Performance - In 2022, the company's automotive sales revenue decreased to RMB 5.84 billion, a year-on-year decline of 10.97%, with a gross profit of RMB 360 million, down 41.12%[28]. - The number of vehicles sold was 15,060 units, representing a year-on-year decrease of 26.75%[28]. - The company sold 15,060 BMW vehicles, a decline of 26.75% year-on-year, while retail sales of other brands like Brilliance and Lynk & Co decreased by 36.24%[47]. - The high-end brand passenger vehicle sales reached 3.886 million units, a year-on-year increase of 11.1%[34]. - The market share of new energy vehicles reached 25.6% in 2022, with production and sales growing by 96.9% and 93.4% respectively[34]. Operational Efficiency - The company achieved a net cash flow from operating activities of RMB 60.61 million in Q1 2022, which decreased to RMB 1.80 million by Q4 2022[23]. - The company's operating revenue for the reporting period was 5.95 billion RMB, a decrease of 16.19% compared to the previous year, primarily due to the impact of domestic COVID-19 on 4S store sales[40]. - The company's total revenue for the reporting period was approximately ¥5.79 billion, a decrease of 16.78% compared to the previous year[48]. - The automotive sales segment generated ¥5.74 billion in revenue, down 16.59% year-over-year, with a gross margin of 4.39%, a decrease of 3.58 percentage points[48]. - The company's operating costs totaled approximately ¥5.50 billion, a decrease of 13.41% from the previous year[50]. Investment and Assets - The company has significant investments in various sectors, including automotive and renewable energy, with a total investment value of 7.12 billion RMB in financial assets[70]. - The company operates a photovoltaic power plant, generating revenue through sales to the national grid[37]. - The company has ongoing real estate projects with a total investment of ¥164.78 million in the first phase of the automotive exhibition park in Weinan[64]. - The company has a total of 25,256.81 square meters available for sale in the automotive exhibition park project, with 9,471.48 square meters already sold[65]. - The company completed the transfer of equity for six wind power project companies for a total price of 626.71 million RMB, with the final transaction price subject to adjustment based on audit results[71]. Financial Risks and Challenges - The company faces risks including economic and policy risks, intensified industry competition, and financing and financial risks[6]. - The company anticipates challenges from macroeconomic fluctuations and market risks, including inflation and reduced consumer confidence, which may impact its automotive sales[80]. - The company recognizes the competitive landscape in the automotive industry, particularly in the new energy vehicle sector, where price competition has intensified[81]. - The company faces financial risks due to the restructuring of its indirect controlling shareholder, which affects its financing capabilities[82]. Governance and Compliance - The company has implemented a management system for insider information to protect the rights of minority investors[85]. - The company has established a transparent information disclosure system, ensuring all shareholders have equal access to information[85]. - The company has effectively supervised financial and related transactions through its supervisory board[85]. - The company has not faced significant differences in governance compared to regulations set by the China Securities Regulatory Commission[85]. - The company has no penalties from securities regulatory agencies in the past three years[94]. Corporate Social Responsibility - The company disclosed its 2022 Corporate Social Responsibility Report on April 28, 2023, highlighting its commitment to environmental and social responsibilities[112]. - The company implemented carbon reduction measures, successfully reducing carbon dioxide equivalent emissions by 83,200 tons through clean energy generation at its subsidiary Chuxiong Photovoltaic Power Plant[111]. Employee and Management - The company has a total of 1,428 employees, with 48 in the parent company and 1,380 in major subsidiaries[100]. - The employee composition includes 244 production personnel, 595 sales personnel, 93 technical personnel, 111 financial personnel, 177 administrative personnel, and 208 others[100]. - The company conducted 240 training sessions in 2022, totaling 1,920 training hours to enhance employee skills and management capabilities[102]. - The company has a structured approach to evaluating the remuneration of its directors and senior management based on performance and company size[92]. Future Outlook - The company aims to achieve a significant increase in sales of new energy vehicles in 2023, leveraging the recovery of the post-pandemic consumer market[77]. - The company plans to enhance the service capabilities of the Shinhua Financial Building and improve the office environment to achieve full occupancy and high-quality operations[39]. - The company plans to strategically exit non-core businesses and assets, including projects in Weinan, Kaifeng, and Hunan, to improve operational efficiency and cash flow[78].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥2.98 billion, a decrease of 23.35% compared to ¥3.88 billion in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was a loss of approximately ¥11.39 million, representing a decline of 301.41% compared to a profit of ¥5.66 million in the same period last year[19]. - The net cash flow from operating activities was approximately ¥106.39 million, down 54.64% from ¥234.57 million in the previous year[19]. - The total profit for the period was CNY 36.99 million, a decrease of 56.86% year-on-year, while the net profit attributable to the parent company was CNY -11.39 million, down 301.41% year-on-year[30]. - The company's operating revenue for the first half of 2022 was CNY 2.977 billion, a decline of 23.35% compared to CNY 3.884 billion in the same period last year[30]. - The company reported a net profit margin of 25%, maintaining strong profitability despite increased operational costs[110]. - The company experienced an investment loss of CNY 5,600,425.27 in the first half of 2022, contrasting with an investment gain of CNY 11,638,604.68 in the same period last year[80]. - The company’s total profit for the first half of 2022 was CNY 36,988,984.75, a decrease of 56.8% from CNY 85,734,097.76 in the first half of 2021[80]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥3.99 billion, a decrease of 4.73% from ¥4.19 billion at the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥1.16 billion, a decrease of 0.94% from ¥1.18 billion at the end of the previous year[19]. - Total assets decreased from CNY 4,191,085,684.77 to CNY 3,992,820,781.85, a decline of approximately 4.73%[72]. - Total liabilities decreased from CNY 2,742,793,010.73 to CNY 2,578,755,796.74, a reduction of about 5.95%[73]. - Current liabilities decreased from CNY 1,705,086,911.24 to CNY 1,582,961,371.49, a decrease of approximately 7.16%[72]. - Non-current liabilities decreased from CNY 1,037,706,099.49 to CNY 995,794,425.25, a decline of about 4.04%[72]. Cash Flow - The net cash flow from operating activities for the first half of 2022 was ¥106,393,729.51, a decrease of 54.7% compared to ¥234,571,295.59 in the same period of 2021[86]. - Total cash inflow from operating activities was ¥3,308,237,313.59, down 24.5% from ¥4,385,103,079.93 year-on-year[86]. - The cash outflow from operating activities was ¥3,201,843,584.08, a decrease of 22.8% compared to ¥4,150,531,784.34 in the previous year[87]. - The ending balance of cash and cash equivalents was ¥156,782,583.98, down 42.7% from ¥273,842,568.19 at the end of the previous year[87]. Business Strategy and Market Conditions - The company is adjusting its business strategy in anticipation of a sales peak in the second half of the year, following the easing of pandemic restrictions[25]. - The company is focusing on market expansion and new product development in the automotive sector[36]. - The automotive market is transitioning from an incremental market to a replacement market, with the demand for replacement vehicles becoming a primary driver of sales, particularly in the context of high growth in new energy vehicles[38]. - The company faced significant challenges in the first half of 2022 due to macroeconomic fluctuations, including a sharp decline in automotive production and sales during March and April, attributed to COVID-19 outbreaks in key regions[37]. Risks and Legal Matters - The company has identified risks including economic and policy risks, intensified industry competition, and financing and financial risks[8]. - The company has ongoing litigation involving a claim for RMB 21.9737 million related to a contract dispute, with the case currently in the appeals process[49]. - The company faced a civil ruling on March 3, 2021, which was later overturned for retrial on November 25, 2021, regarding a contract dispute that began on December 23, 2017[50]. Shareholder and Equity Information - The top ten shareholders hold a total of 227,412,000 shares (11.68%) and 197,280,000 shares (10.14%) respectively, with no restrictions on sales[65]. - The company reported a profit distribution of CNY 51.39 million to shareholders during the current period[92]. - The total equity attributable to the parent company at the end of the first half of 2022 was CNY 1,366,867,602.09, a decrease of 17,472,179.85 compared to the previous period[93]. Operational Developments - The occupancy rate of the Shinhua Financial Building increased from 67% in 2019 to 91% by the end of June 2022, with ongoing efforts to optimize tenant structure and improve service capabilities[24]. - The company plans to enhance its automotive culture industrial park, which has attracted 25 automotive brand 4S stores, with 18 already operational[26]. - The rental income from the Hunan Hongjiang project saw a year-on-year decrease of 51.87% due to the impact of the pandemic[27]. - The company aims to achieve full occupancy and high-quality operations for the Shinhua Financial Building by continuing to promote leasing and optimize management[27]. Accounting and Financial Policies - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[103]. - The company's accounting period runs from January 1 to December 31, aligning with the calendar year[104]. - The company has specific accounting policies for revenue recognition and financial asset impairment, tailored to its operational characteristics[102].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,657,210,979.23, representing a decrease of 15.95% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥2,281,357.66, down 43.81% year-on-year[3]. - The company's net loss for Q1 2022 was CNY 1,124,989,435.73, slightly improved from a loss of CNY 1,127,270,793.39 in Q1 2021[12]. - The net profit for Q1 2022 was CNY 20,327,245.97, a decrease of 30.0% compared to CNY 29,029,548.40 in Q1 2021[13]. - Operating profit for Q1 2022 was CNY 34,846,933.37, down 25.3% from CNY 46,545,575.32 in the same period last year[13]. - The total comprehensive income for Q1 2022 was CNY 20,327,245.97, a decrease of 31.2% compared to CNY 29,589,893.51 in Q1 2021[13]. Cash Flow and Assets - The net cash flow from operating activities decreased by 64.54%, amounting to ¥60,605,946.69, primarily due to reduced cash receipts from sales[5]. - Cash flow from operating activities generated a net amount of CNY 60,605,946.69, a decline of 64.5% compared to CNY 170,916,259.68 in Q1 2021[14]. - Cash flow from investing activities resulted in a net outflow of CNY 3,874,732.39, contrasting with a net inflow of CNY 372,724,412.05 in Q1 2021[15]. - Cash flow from financing activities showed a net outflow of CNY 31,959,046.55, compared to a net outflow of CNY 111,390,288.33 in the previous year[15]. - The cash and cash equivalents at the end of Q1 2022 totaled CNY 195,043,186.08, a decrease of 68.9% from CNY 628,421,999.40 at the end of Q1 2021[15]. - The company's cash and cash equivalents decreased to CNY 1,000,090,777.74 from CNY 1,330,122,286.14, representing a decline of 24.5%[10]. - Current assets totaled CNY 1,972,282,363.35, a decrease of 13.4% from CNY 2,278,177,702.83 in the previous year[10]. Liabilities and Equity - Total liabilities amounted to CNY 2,446,271,494.36, down 10.8% from CNY 2,742,793,010.73 in Q1 2021[11]. - The total equity attributable to shareholders was CNY 1,177,656,658.33, slightly up from CNY 1,175,375,300.67 in the previous year[12]. - The company’s contract liabilities decreased to CNY 156,402,417.83 from CNY 171,871,553.83, a decline of 9.0% year-over-year[11]. Inventory and Costs - The company reported a 24.81% decrease in inventory, indicating a significant reduction in stock levels[4]. - Total operating costs for Q1 2022 were CNY 1,627,190,546.39, down 16.1% from CNY 1,939,598,673.70 in the same period last year[12]. - The company reported a significant decrease in financial expenses, with Q1 2022 financial costs at CNY 20,021,062.40 compared to CNY 38,012,951.64 in Q1 2021, a decrease of 47.4%[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 146,732[6]. - The company's basic and diluted earnings per share were both ¥0.0012, reflecting a decline of 42.86%[3]. - The basic and diluted earnings per share for Q1 2022 were both CNY 0.0012, down from CNY 0.0021 in Q1 2021[13]. Company Restructuring and Future Plans - The company is undergoing restructuring related to its subsidiary, Brilliance Renault Jinbei, which has filed for reorganization[8]. - The company plans to focus on market expansion and new product development to improve future performance[12]. Audit Status - The financial report was not audited, indicating that the figures presented are preliminary and subject to change[8].

Financial Performance - The net profit attributable to the parent company for 2021 was ¥41,339,186.24, a significant recovery from a loss of ¥755,591,522.33 in 2020, representing a 105.47% increase[5]. - Operating revenue for 2021 reached ¥7,097,882,961.37, reflecting a 2.90% increase compared to ¥6,898,070,442.10 in 2020[19]. - The net cash flow from operating activities was ¥429,737,976.91, up 8.47% from ¥396,195,117.61 in the previous year[19]. - The total assets decreased by 20.07% to ¥4,191,085,684.77 at the end of 2021, down from ¥5,243,290,054.41 in 2020[19]. - The net assets attributable to shareholders increased by 6.92% to ¥1,175,375,300.67 at the end of 2021, compared to ¥1,099,320,074.73 in 2020[19]. - Basic earnings per share for 2021 were ¥0.0212, a turnaround from a loss of ¥0.3882 per share in 2020, marking a 105.46% improvement[20]. - The weighted average return on equity increased by 54.37 percentage points to 3.648% in 2021, compared to -50.722% in 2020[20]. - The company reported a net profit of ¥140,909,253.55 for 2021, a significant recovery from a net loss of ¥681,620,010.37 in 2020[173]. - The gross profit margin improved to approximately 16.0% in 2021, compared to a negative margin in the previous year[173]. Business Segments - In 2021, the company's automotive sales revenue reached 6.56 billion RMB, a year-on-year increase of 7.38%, with a gross profit of 614 million RMB, up 34.27%[25]. - The company sold 16,723 BMW vehicles in 2021, representing a 4.37% increase year-on-year, while its self-owned brand sales dropped by 50.18% to 3,021 units[25]. - The automotive sales segment generated revenue of ¥6.88 billion, reflecting a year-on-year growth of 4.04%[44]. - The company operates four main business segments: automotive consumption services, renewable energy, real estate, and financial services[34]. - The real estate segment achieved a commercial property turnover rate exceeding 47%, with the Xiangshui International residential project nearly sold out[28]. Cash Flow and Investments - The company’s operating cash flow net amount was 0.43 billion RMB, up 8.47% compared to the previous year, attributed to higher cash receipts from sales[41]. - The company’s investment activities generated a net cash inflow of 0.47 billion RMB, a substantial increase of 130.12% year-on-year, mainly due to significant returns from the disposal of wind farm equity[41]. - The net cash flow from operating activities increased by 8.47% to ¥429,737,976.91 compared to ¥396,195,117.61 in the same period last year, primarily due to higher cash receipts from sales[54]. - The net cash flow from investing activities surged by 130.12% to ¥473,480,467.31, up from ¥205,758,179.01, mainly due to the recovery of funds from the disposal of wind farm equity investments[54]. Risks and Challenges - The company faces risks including economic and policy risks, intensified industry competition, and financing and financial risks, as detailed in the management discussion section[7]. - The company faces significant macroeconomic challenges, including demand contraction and supply shocks, impacting its automotive consumption business[77]. - The ongoing chip supply shortage, which began in 2021, is expected to continue into the second half of 2022, potentially affecting production capabilities[77]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and maintaining transparency in information disclosure[80]. - The board of directors and supervisory board are functioning independently, adhering to established rules and regulations to ensure effective oversight[81]. - The company held its annual general meeting on June 25, 2021, where key resolutions, including the election of directors and approval of financial reports, were passed[83]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 5.2449 million yuan[84]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15%[88]. - The company plans to divest from non-core assets, including real estate and photovoltaic projects, to focus on its main automotive business and improve overall profitability[73]. - The forecast for China's total automobile sales in 2022 is 27.5 million units, with a 5.4% year-on-year growth, and new energy vehicles are projected to reach 5 million units, a 42% increase[72]. Legal and Compliance - The company is currently involved in significant litigation matters, including a case where it is seeking a total of RMB 21,973,731.31 from two defendants for various fees and compensation related to a terminated contract[118]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[110]. - The company has not reported any shareholding changes among its directors and supervisors during the reporting period[84]. Employee and Training - The total number of employees in the parent company and major subsidiaries is 1,902, with 58 in the parent company and 1,844 in subsidiaries[97]. - The company conducted training for 257 participants, totaling 2,045 hours in 2021, aimed at enhancing employee skills and management capabilities[99].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,703,065,994.86, a decrease of 14.62% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥2,186,357.03, with a year-to-date net profit of ¥7,842,375.20, showing a significant increase of 11.54%[3]. - The company reported a significant increase in net profit for the year-to-date period, with a growth of 128.61% compared to the previous year[6]. - Net profit for the third quarter of 2021 was ¥74,612,523.15, compared to ¥12,328,798.05 in the same quarter of 2020, showing a significant increase[20]. - The profit attributable to shareholders of the parent company was ¥7,842,375.20, a recovery from a loss of ¥35,031,046.72 in the previous year[20]. - Total comprehensive income for Q3 2021 was CNY 75,410,731.25, compared to CNY 12,039,710.79 in Q3 2020[21]. - Net profit attributable to the parent company was CNY 8,640,583.30, a significant improvement from a loss of CNY 35,320,133.98 in the same period last year[21]. - Basic and diluted earnings per share for Q3 2021 were CNY 0.0040, up from a loss of CNY 0.0180 per share in Q3 2020[21]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥368,157,443.17, representing a 70.56% increase compared to the previous year[3]. - Cash flow from operating activities for the first three quarters of 2021 was CNY 6,336,081,148.22, an increase of 19.2% from CNY 5,315,264,982.98 in the same period of 2020[22][23]. - Net cash flow from operating activities for Q3 2021 was CNY 368,157,443.17, compared to CNY 215,849,311.67 in Q3 2020[23]. - Cash inflow from investment activities for the first three quarters of 2021 was CNY 1,508,787,083.23, up from CNY 1,112,088,489.88 in the same period of 2020[23]. - Cash flow from financing activities for Q3 2021 resulted in a net outflow of CNY 858,097,740.32, an improvement from a net outflow of CNY 1,030,911,204.20 in Q3 2020[23]. - The ending cash and cash equivalents balance for Q3 2021 was CNY 162,722,561.11, down from CNY 277,532,052.87 at the end of Q3 2020[23]. - The company reported a total cash inflow from financing activities of CNY 401,233,000.00 in Q3 2021, significantly lower than CNY 1,733,691,498.20 in Q3 2020[23]. Assets and Liabilities - Total assets decreased by 24.07% from the end of the previous year, amounting to ¥3,965,215,957.08[4]. - Total assets decreased to ¥3,965,215,957.08 from ¥5,222,137,122.07 year-over-year, reflecting a decline of approximately 24%[16]. - Total liabilities decreased to ¥2,615,349,909.10 from ¥3,543,680,954.71, a reduction of about 26%[16]. - Non-current assets totaled ¥1,898,058,414.94, down from ¥2,691,647,458.43, indicating a decrease of approximately 29.5%[16]. - The company reported a significant reduction in short-term borrowings, which fell to ¥410,190,901.76 from ¥1,121,365,823.17, a decrease of about 63.4%[16]. - The company's long-term equity investments decreased to ¥456,479,405.54 from ¥691,723,419.87 at the end of 2020[13]. - The total current assets decreased to ¥2,067,157,542.14 from ¥2,530,489,663.64 at the end of 2020[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 149,491[8]. - The top 10 shareholders hold a total of 227,412,000 shares (11.68%) by Liaoning Huasheng Automotive Parts Co., Ltd.[8]. - The second-largest shareholder, Liaoning Zhengguo Investment Development Co., Ltd., holds 197,280,000 shares (10.14%)[8]. Company Strategy and Operations - The company plans to expand its market presence and enhance its product offerings, particularly in the automotive sector[6]. - The company plans to continue focusing on cost management and operational efficiency to enhance profitability in the upcoming quarters[20]. - The company is undergoing restructuring due to financial difficulties, with a court ruling on November 20, 2020, to accept the restructuring application[10]. - The deadline for submitting the restructuring plan for the company and its affiliates has been extended to December 3, 2021[12]. - The company has received administrative measures from the China Securities Regulatory Commission regarding information disclosure violations[10]. Fair Value and Other Income - The fair value change income for the year-to-date period decreased by 123.66%, primarily due to market price fluctuations of trading financial assets[5]. - Other income for the year-to-date period decreased by 45.02%, mainly due to the transfer of wind power new energy subsidiary equity[5]. - Investment income for the year-to-date period decreased by 13.00%, influenced by the previous year's disposal of non-BMW brand 4S stores[5]. New Standards and Goodwill - The company has implemented a new leasing standard effective January 1, 2021, which will not significantly impact financial metrics such as net profit and net assets[27]. - The company reported goodwill of approximately $69.05 million, remaining stable compared to the previous quarter[26]. - Deferred tax assets were approximately $7.74 million, consistent with the previous quarter[26].

Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 3.88 billion, representing a 28.85% increase compared to CNY 3.01 billion in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was CNY 5.66 million, a significant turnaround from a net loss of CNY 32.30 million in the previous year, marking a 117.51% improvement[20]. - The net cash flow from operating activities increased by 66.41% to CNY 234.57 million, compared to CNY 140.96 million in the same period last year[20]. - The company reported a weighted average return on equity of 0.513%, up from -1.733% in the previous year, an increase of 2.25 percentage points[20]. - Total revenue for the reporting period reached ¥3,884,361,943.47, representing a growth of 28.85% compared to the previous year[31]. - The net profit attributable to the parent company was ¥5,656,000, an increase of 117.51% year-on-year, driven by strong performance in the domestic BMW market[33]. - The company reported a net cash flow from operating activities of ¥234,571,295.59, up 66.41% from the previous year[31]. - The company’s total comprehensive income for the first half of 2021 was CNY 50,366,025.11, significantly higher than CNY 1,254,886.65 in the previous year[99]. Business Segments - The company operates in four main business segments: automotive consumer services, renewable energy, real estate, and financial services[22]. - The automotive consumer services segment includes sales of mid-to-high-end brands such as BMW and Jinbei, with operations through joint ventures and 4S stores[22]. - The renewable energy segment focuses on wind and solar power generation, with the company having sold equity in six wind power projects during the reporting period[22]. - The real estate segment primarily involves the development and leasing of projects, including the Hunan Hongjiang project and the Shenhua Financial Building[22]. - The company’s automotive retail segment achieved sales of 11,572 BMW vehicles, a year-on-year increase of 32%[27]. Asset and Liability Management - The company’s total assets decreased by 20.83% to approximately CNY 4.13 billion from CNY 5.22 billion at the end of the previous year[20]. - The net assets attributable to shareholders increased slightly by 0.56% to CNY 1.11 billion compared to CNY 1.10 billion at the end of the previous year[20]. - Cash and cash equivalents at the end of the period reached ¥504,257,279.58, representing 12.18% of total assets, an increase of 34.30% compared to the previous year[35]. - Accounts receivable decreased by 55.92% to ¥176,900,874.71, accounting for 4.28% of total assets, primarily due to the transfer of equity in wind power subsidiaries[35]. - Long-term equity investments decreased by 34.17% to ¥455,333,162.65, representing 11.00% of total assets, attributed to reduced equity investments in joint ventures[35]. - Total liabilities were CNY 2,767,337,260.38, down 21.83% from CNY 3,543,680,954.71[92]. Investment and Divestment Activities - The company disposed of wind farm equity investments, leading to a significant increase in net cash flow from investing activities, which reached ¥491,996,348.95, a 239.47% increase year-on-year[32]. - The company plans to publicly list the equity of seven renewable energy project companies, with the final listing price to be determined based on appraisal results[37]. - The company agreed to transfer equity in six wind power project companies for a total price of ¥46,676 million, with the total transaction amount reaching ¥62,971 million after adjustments[38]. - The completion of the equity transfer for the six project companies is in progress, with related responsibilities and obligations being settled[39]. Market Trends and Strategic Focus - The domestic luxury car dealer market saw a total retail of nearly 1.8 million vehicles, a year-on-year increase of 33.2%[27]. - The automotive market is shifting from new car purchases to replacement purchases, with increasing demand for luxury and new energy vehicles[42]. - The company plans to divest from loss-making and non-core businesses to improve cash flow and reduce financial risks[44]. - The company plans to enhance its service capabilities and optimize tenant structure in the Shinhua Financial Building, aiming for full occupancy by year-end[29]. Governance and Compliance - The company held its 2020 annual general meeting on June 25, 2021, where several key resolutions were passed, including the approval of the 2020 annual report and profit distribution plan[48]. - The company elected new board members, including Li Jingwei, Shen Yi, and Du Bo, as well as independent directors Li Zhuo, Gao Yiyun, and Jin Yongli[50]. - The company appointed Shen Yi as the president for a three-year term and also appointed Lin Shangtao and Zhang Xiangdong as vice presidents, with Zhang also serving as the CFO[52]. - The company has committed to maintaining its independence and avoiding competition with its controlling shareholder, Liaoning Huasheng, as per the commitments made during the acquisition report[59]. - The company has maintained compliance with regulatory requirements, with no additional penalties reported for its board members or major shareholders[67]. Financial Reporting and Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect its financial position accurately[120]. - The company’s accounting currency is Renminbi (CNY)[124]. - The company has implemented specific accounting policies for revenue recognition and financial asset impairment based on its operational characteristics[119]. - The company’s financial statements are prepared on a going concern basis, indicating confidence in its future operations[118]. Risks and Challenges - The company is facing risks from macroeconomic fluctuations and policy changes, which could impact consumer spending and the automotive sector[42]. - The company is currently undergoing a structural adjustment, which may affect its liquidity in the short term[44]. - The company has a significant investment in renewable energy, with total assets of 137.58 billion and a net profit of 1.77 billion from Shanghai Shenhua Wind Power New Energy Co., Ltd.[40].