证券代码：600657 证券简称：信达地产 编号：临 2023-019 号 关于公司 2022 年度经营情况简报 2022 年度，公司累计实现房地产销售面积约 89.2 万平方米（其 中合作项目权益销售面积约 30.66 万平方米，代建项目销售面积约 8.15 万平方米）；累计销售金额约 224.18 亿元（其中合作项目权益 销售金额约 75.22 亿元，代建项目销售金额约 57.8 亿元）。 四、公司 2022 年度出租情况 1 证券代码：600657 证券简称：信达地产 编号：临 2023-019 号 重 要 提 示 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。 一、公司 2022 年度新增项目情况 2022 年度，公司新增项目计容规划建筑面积约 219.82 万平方米 （其中代建项目约 167.51 万平方米）。 二、公司 2022 年度开竣工情况 2022 年度，公司新开工面积约 330 万平方米（其中合作项目权 益面积约 63.88 万平方米，代建项目约 188.72 万平方米）；竣工面积 约 172.65 万平方 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥4,061,733,760.08, representing a year-on-year increase of 25.82%[6] - The net profit attributable to shareholders for Q3 2022 was ¥120,664,213.60, an increase of 25.01% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥87,048,123.15, a decrease of 217.89% year-on-year[6] - The company achieved operating revenue of 11.89 billion yuan, an increase of 46.71% compared to 8.10 billion yuan in the same period last year[20] - The net profit for the period was 479 million yuan, a decrease of 3.23% from 495 million yuan year-on-year; the net profit attributable to shareholders was 448 million yuan, down 20.93% from 567 million yuan[20] - Total revenue for the first three quarters of 2022 reached CNY 11,890,157,808.70, a significant increase of 46.1% compared to CNY 8,104,495,475.35 in the same period of 2021[56] - Net profit for the first three quarters of 2022 was CNY 479,325,849.06, a decrease of 3.1% from CNY 494,894,290.56 in the previous year[59] Assets and Liabilities - The total assets at the end of the reporting period were ¥88,222,159,364.65, reflecting a 1.50% increase from the end of the previous year[8] - As of September 30, 2022, total assets amounted to 88.22 billion yuan, an increase of 1.30 billion yuan from the beginning of the year; total liabilities were 63.24 billion yuan, up 969 million yuan[20] - The company’s asset-liability ratio was 71.69%, an increase of 0.05 percentage points compared to the end of the previous year[20] - The company's total liabilities amounted to CNY 63,244,216,668.23, an increase from CNY 62,274,959,871.90, representing a growth of 1.6%[54] - The total equity attributable to shareholders rose to CNY 24,112,537,626.31, compared to CNY 23,863,671,853.13, marking an increase of 1.0%[54] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥809,270,066.69, a decrease of 110.81% compared to the same period last year[8] - Cash flow from operating activities showed a net outflow of CNY -809,270,066.69, contrasting sharply with a net inflow of CNY 7,483,726,179.20 in the previous year[60] - The net cash flow from operating activities for the first three quarters of 2022 was -2,782,537,258.94 RMB, a significant decline compared to 1,894,302,993.31 RMB in the same period of 2021[74] - The cash flow from operating activities was significantly impacted, with total cash outflow reaching 7,912,134,185.90 RMB in 2022, compared to 9,032,459,401.89 RMB in 2021[74] Real Estate Operations - The company sold a total area of 634,400 square meters, with a sales amount of 13.42 billion yuan and a collection amount of 14.002 billion yuan during the reporting period[21] - The company’s real estate rental contracts generated approximately 119 million yuan in rental income during the reporting period[21] - The company has a total of 742,853 square meters of land held for development, with a planned construction area of 1.56 million square meters[25] - The company has ongoing projects in various cities, including Hefei, Ma'anshan, and Chongqing, with significant investment amounts[34] - The company’s new projects include residential and commercial developments, indicating a diversified portfolio[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,806, with the largest shareholder holding 55.02% of the shares[13] Investment Activities - The company reported a net cash flow from investing activities of -2,212,563,973.67 RMB, a significant decrease compared to -11,274,197,490.75 RMB in the previous period[63] - The total cash inflow from investment activities decreased to 4,064,267,369.79 RMB in 2022 from 12,240,881,035.71 RMB in 2021, indicating a drop of approximately 66.8%[74] - The cash outflow from investment activities was 3,616,742,810.80 RMB in 2022, compared to 15,607,866,818.00 RMB in 2021, showing a reduction of about 76.8%[74] Financial Expenses - The company reported a significant increase in financial expenses, totaling CNY 969,878,730.45, compared to CNY 696,214,803.84 in the same period of 2021[56] - The company’s financial expenses for the first three quarters of 2022 were 884,819,571.94 RMB, compared to 724,460,500.86 RMB in the previous year, reflecting an increase of approximately 22.1%[71]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 7,828,424,048.62, representing a 60.54% increase compared to CNY 4,876,395,092.73 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 30.35% to CNY 327,833,061.23 from CNY 470,665,906.07 year-on-year[18]. - The net cash flow from operating activities was CNY 1,344,184,754.07, down 54.18% from CNY 2,933,482,817.96 in the previous year[18]. - The total assets at the end of the reporting period were CNY 84,352,339,252.76, a decrease of 2.96% from CNY 86,921,743,162.63 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 1.37% to CNY 24,191,504,914.36 from CNY 23,863,671,853.13 at the end of the previous year[18]. - Basic earnings per share for the first half of 2022 were CNY 0.11, down 35.29% from CNY 0.17 in the same period last year[19]. - The weighted average return on net assets decreased by 0.66 percentage points to 1.36% compared to 2.02% in the previous year[19]. - The company reported non-operating income of CNY 32,918,230.38, primarily from financial asset investment income[20]. Market Conditions - In the first half of 2022, the national real estate development investment was 683.14 billion yuan, a year-on-year decrease of 5.4%[28]. - The total sales of commercial housing in the first half of 2022 amounted to 660.72 billion yuan, down 28.9% year-on-year[28]. - As of the end of June 2022, the area of unsold commercial housing reached 54.784 million square meters, an increase of 7.3% year-on-year[28]. - The average sales revenue of the top 100 real estate companies in the first half of 2022 was 35.64 billion yuan, a decrease of 48.6% year-on-year[28]. - The number of real estate companies with sales exceeding 100 billion yuan decreased by 10 compared to the same period last year, totaling 9[28]. Strategic Initiatives - The company is transitioning from a pure project development profit model to a diversified income model including investment returns and regulatory construction income[31]. - The company has established five major residential product lines and an international series product line for office spaces[32]. - The company is enhancing its management standardization through information technology and digital operations systems[32]. - The company is focusing on talent development by establishing a talent pool and enhancing training for key personnel[35]. - The company aims to strengthen its market influence and brand reputation by leveraging resources from China Cinda[30]. Future Outlook - The company anticipates a more relaxed macro-control policy in the second half of 2022, aimed at stabilizing the real estate market and boosting consumer confidence[49]. - The company recognizes the potential in the Chengdu-Chongqing area and the resilience of markets in cities like Hangzhou, Ningbo, and Hefei[49]. - The company plans to implement strategies that support rigid and improved housing demand while ensuring the delivery of projects and stabilizing livelihoods[49]. Operational Efficiency - The company is focusing on enhancing operational efficiency through a "big operation" system and cash flow monitoring[51]. - The company is expanding its collaboration with various financial institutions and state-owned enterprises to optimize its business structure[51]. Environmental Responsibility - The company actively promotes green energy-saving technologies and has established a comprehensive environmental responsibility system, including green buildings and communities[108]. - The company has implemented energy-saving measures in its properties, including the promotion of energy-efficient lighting and regular energy consumption data statistics[112]. - The company has adopted various measures to reduce carbon emissions, including promoting green office practices and encouraging employees to minimize energy consumption[109]. - The company has established intelligent waste classification facilities in communities to promote waste sorting and environmental awareness among residents[112]. - The company ensures compliance with environmental protection laws and regulations, implementing necessary pollution control measures during production[107]. Shareholder Information - The total number of shareholders reached 70,209 by the end of the reporting period[153]. - The total number of shares outstanding was 2,851,878,595, with 72.07% being unrestricted shares[150]. - The largest shareholder, Xinda Investment Co., Ltd., held 1,571,089,183 shares, accounting for 55.09% of total shares[154]. - Huainan Mining (Group) Co., Ltd. was the second-largest shareholder with 531,047,261 shares, representing 18.62%[154]. Debt and Guarantees - Total guarantees provided by the company, including those to subsidiaries, amounted to CNY 1,955,676.35 million, which represents 78.14% of the company's net assets[147]. - The amount of debt guarantees provided to entities with a debt-to-asset ratio exceeding 70% was CNY 1,534,599.35 million[147]. - The total amount of guarantees related to shareholders, actual controllers, and their related parties was CNY 2,238,887.57 million[147].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 4,044,153,220.43, representing a year-on-year increase of 196.54%[5] - Net profit attributable to shareholders was CNY 30,353,102.12, showing a significant decrease of 89.73% compared to the same period last year[5] - Basic and diluted earnings per share were both CNY 0.01, reflecting a decrease of 90.00% compared to the previous year[5] - The company's gross profit margin for real estate projects decreased, contributing to the decline in net profit[10] - The net profit for the period was RMB 0.58 billion, a decrease of 78.44% compared to RMB 2.69 billion in the previous year[18] - The net profit attributable to the parent company was RMB 0.30 billion, down 89.73% from RMB 2.95 billion year-on-year[18] - The company reported a total of 120,824 square meters sold in the first quarter of 2022[34] - The total comprehensive income for the company in Q1 2022 was -¥51,672,045.25, an improvement from -¥70,977,961.30 in Q1 2021[56] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -1,078,495,450.31, a decline of 419.28% year-on-year[5] - The company reported a decrease in cash and cash equivalents to RMB 8,974.25 million from RMB 12,227.81 million year-over-year[38] - The company's cash flow from operating activities showed a net outflow of ¥1,078,495,450.31 in Q1 2022, compared to a net inflow of ¥337,787,506.93 in Q1 2021[45] - The net cash flow from operating activities for Q1 2022 was ¥529,144,392.56, an increase from ¥459,835,557.02 in Q1 2021, representing a growth of approximately 15%[56] - The cash and cash equivalents at the end of Q1 2022 were ¥383,486,870.06, down from ¥4,903,245,743.89 at the end of Q1 2021, indicating a decrease of approximately 92%[57] Assets and Liabilities - Total assets decreased by 3.34% to CNY 84,020,040,908.21 compared to the end of the previous year[7] - As of March 31, 2022, total assets amounted to RMB 84.020 billion, a decrease of RMB 2.902 billion from RMB 86.922 billion at the end of the previous year[18] - Total liabilities were RMB 59.259 billion, down RMB 3.016 billion from RMB 62.775 billion at the end of the previous year[18] - The asset-liability ratio was 70.53%, a decrease of 1.11 percentage points from 71.64% at the end of the previous year[18] - The total liabilities as of March 31, 2022, were ¥20,358,762,942.28, compared to ¥19,511,044,511.64 at the end of 2021, representing an increase of about 4.3%[52] Investments and Projects - The company has a total planned construction area of 2,337,500 square meters in reserve projects as of March 31, 2022[18] - The total investment amount for the project "督府天承" in Wuxi is RMB 340 million, with an actual investment of RMB 10.693 million during the reporting period[22] - The project "信达·天御一期 S1-15号地块" in Hefei has a total investment of RMB 103.618 million, with an actual investment of RMB 5.665 million during the reporting period[22] - The project "玖珑山房" in Ningbo has a total investment of RMB 227.777 million, with an actual investment of RMB 4.136 million during the reporting period[22] - The project "信达庐阳府" in Hefei has a total investment of RMB 37.890 million, with an actual investment of RMB 0.059 million during the reporting period[22] Sales and Market Performance - The company achieved total sales revenue of 5.277 billion yuan during the reporting period, with 1.366 billion yuan from cooperative projects and 0.015 billion yuan from entrusted projects[33] - The total area sold reached 181,400 square meters, including 90,000 square meters from cooperative projects[33] - In Shanghai, the company sold 19,001 square meters from the Shanghai Courtyard project, representing a significant portion of the total sales[31] - The Hefei region contributed 16,801 square meters from the Xinyuan Lanting project, indicating strong demand in that area[33] - The company is focusing on expanding its market presence in cities such as Hefei and Ma'anshan, where significant sales have been recorded[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,001[11] - The total equity attributable to shareholders increased slightly from ¥23,863,671,853.13 to ¥23,894,024,955.25, a growth of about 0.13%[43]

Financial Performance - In 2021, Cinda Real Estate achieved a net profit attributable to shareholders of 815,251,105.89 CNY, with distributable profits amounting to 659,499,328.22 CNY[6]. - The company plans to distribute a cash dividend of 0.70 CNY per 10 shares, totaling 199,631,501.65 CNY, which represents 24.49% of the annual net profit[6]. - Net profit attributable to shareholders for 2021 was CNY 815,251,105.89, down 45.72% from the previous year[25]. - Basic earnings per share for 2021 were CNY 0.29, a decline of 45.28% compared to 2020[25]. - The company's operating revenue for 2021 was CNY 22,105,282,753.10, a decrease of 14.53% compared to 2020[25]. - The net cash flow from operating activities decreased by 63.16% to CNY 2,711,787,986.70 in 2021[25]. - The weighted average return on equity for 2021 was 3.47%, a decrease of 3.21 percentage points from 2020[25]. - The total assets at the end of 2021 were CNY 86,921,743,162.63, down 7.80% from the end of 2020[25]. - The net assets attributable to shareholders increased by 3.37% to CNY 23,863,671,853.13 at the end of 2021[25]. - The company reported a significant increase in R&D expenses by 33.43%, totaling ¥4,958,184.41 compared to ¥3,716,068.92 last year[71]. Market and Investment Trends - The investment in real estate development in China for 2021 was 14,760.2 billion, showing a growth of 4.4% year-on-year[44]. - The sales area of commercial housing in 2021 was 1,794.33 million square meters, an increase of 1.9% compared to the previous year[44]. - The total sales amount of commercial housing in 2021 was 1,819.30 billion, reflecting a growth of 4.8% year-on-year[44]. - The company is focusing on expanding in the Yangtze River Delta region, where the market remains relatively active[49]. - The overall real estate market is experiencing a tightening of the capital chain, with an increase in companies facing operational difficulties[56]. - The company plans to enhance its investment capabilities by optimizing resource allocation and exploring innovative business models[55]. - The company aims to improve operational efficiency through enhanced project lifecycle management and rapid construction and sales processes[55]. - The company plans to achieve a signed sales target of 23 billion yuan and a cash collection target of 20 billion yuan in 2022[146]. - The planned new construction area for 2022 is 1.3 million square meters, while the planned completion area is 1.8 million square meters[146]. Strategic Initiatives - The company adopted a "cash is king" strategy, focusing on rapid sales and cash collection to improve fund turnover speed[55]. - The company intends to strengthen its collaboration with external partners to enhance resource integration and create a real estate business ecosystem[148]. - The company recognizes the need to adapt to changes in consumer housing preferences, emphasizing health, safety, and service quality[144]. - The company will innovate financing methods and expand financing channels to manage high capital costs effectively[149]. - The company plans to continue its strategy of leveraging cooperative and entrusted projects to enhance revenue streams in the future[117]. - The company is exploring potential mergers and acquisitions to strengthen its market position[164]. Governance and Compliance - The company held 4 shareholder meetings, 9 board meetings, and 15 special committee meetings during the reporting period, ensuring compliance with regulations and protecting shareholder rights[152]. - The company maintains complete independence in operations, assets, personnel, finance, and business from its controlling shareholders[153]. - The company has implemented a reputation risk management system and improved media communication, leading to increased recognition and acceptance by the media[152]. - The company’s governance practices are in strict accordance with the Company Law and Securities Law, ensuring a transparent and efficient board[152]. - The company has established specialized committees, including a strategic committee and an audit committee, to enhance governance and oversight[180]. Employee and Management Practices - The company reported a total of 2,827 employees, with 147 in the parent company and 2,680 in major subsidiaries[186]. - The company conducted approximately 70 training sessions throughout the year, with a total of 3,878 participants, achieving a 100% employee training coverage rate[190]. - The company has a competitive salary policy that emphasizes performance rewards, with salary adjustments based on annual operating performance and industry benchmarks[189]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to CNY 11.6577 million[172]. - The company has maintained a stable management team with no significant turnover among key executives during the reporting period[172]. Future Outlook - Future guidance indicates a projected revenue growth of approximately 15% year-over-year[165]. - The company is committed to sustainability initiatives as part of its long-term strategy[164]. - The company aims to enhance its operational efficiency and reduce inventory through improved market monitoring and flexible pricing strategies[148]. - The management highlighted a focus on new technology research and development initiatives to drive future growth[163].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 3,228,100,382.62, representing a year-on-year increase of 60.05%[7] - The net profit attributable to shareholders for Q3 2021 was CNY 96,524,794.51, a decrease of 51.20% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 73,838,864.48, down 59.67% year-on-year[7] - The basic earnings per share for Q3 2021 was CNY 0.03, down 57.14% year-on-year[9] - The net profit attributable to shareholders for the year-to-date period was CNY 567,190,700.58, a decrease of 48.58% compared to the same period last year[7] - The company achieved operating revenue of RMB 8.104 billion, a decrease of 33.80% compared to RMB 12.242 billion in the same period last year[20] - The net profit for the period was RMB 495 million, down 63.14% from RMB 1.343 billion year-on-year[20] - The net profit attributable to the parent company was RMB 567 million, a decline of 48.59% compared to RMB 1.103 billion in the previous year[20] - Total operating revenue for the first three quarters of 2021 was CNY 8,104,495,475.35, a decrease of 33.5% compared to CNY 12,241,863,118.61 in the same period of 2020[56] - Net profit for the first three quarters of 2021 was CNY 494,894,290.56, down 63.2% from CNY 1,342,980,683.98 in the previous year[59] - The company reported a basic earnings per share of CNY 0.20 for the first three quarters of 2021, down from CNY 0.39 in the previous year[59] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to CNY 98,663,354,755.66, an increase of 4.65% compared to the end of the previous year[9] - As of September 30, 2021, total assets amounted to RMB 98.663 billion, an increase of RMB 4.384 billion from RMB 94.279 billion at the end of the previous year[20] - Total liabilities reached RMB 74.117 billion, up RMB 4.49 billion from RMB 70.068 billion at the end of the previous year, resulting in a debt-to-asset ratio of 75.12%[22] - Total liabilities rose to ¥74,116,944,403.23 compared to ¥70,068,047,292.37 in the previous year, indicating an increase of approximately 5.0%[54] - The company's contract liabilities surged to ¥25,469,160,377.65 from ¥14,809,670,424.32, marking a significant increase of around 72.0%[54] - Long-term borrowings increased to ¥12,255,250,000.00 from ¥11,069,450,295.83, which is an increase of approximately 10.7%[54] Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 7,483,726,179.20, an increase of 31.44% compared to the same period last year[9] - Cash flow from operating activities for the first three quarters of 2021 was CNY 7,483,726,179.20, an increase of 31.4% from CNY 5,693,662,081.43 in the same period of 2020[60] - Cash flow from investment activities showed a net outflow of CNY 11,274,197,490.75, compared to a net outflow of CNY 1,441,503,482.24 in the previous year[62] - Cash flow from financing activities resulted in a net outflow of CNY 5,077,500,259.20, a significant increase from a net outflow of CNY 24,317,435.67 in the same period of 2020[62] Real Estate Development - The company recorded a cumulative sales area of 993,900 square meters, with a sales amount of RMB 25.255 billion during the reporting period[22] - The company has a total of 1,422,639 square meters of land area under construction, with a planned building area of 2,680,103 square meters[33] - The company has a total of 625.81 million square meters of construction area, including 162.93 million square meters from cooperative projects and 88.17 million square meters from entrusted projects[33] - The company has a remaining land area of 1,078,798 square meters, with a total planned building area of 1,899,419 square meters[27] - The company is focusing on residential and commercial mixed-use developments, with significant areas allocated for both sectors[42] - The company is actively pursuing new strategies for market expansion and product development, as evidenced by the diverse range of projects across different regions[42] - The company has ongoing projects in multiple cities, including 71,898 square meters in Shanghai and 100,850 square meters in Shenzhen, indicating market expansion efforts[42] Shareholder Information - The top ten shareholders held a total of 1,571,089,183 shares, accounting for 55.09% of the total shares[17] - The company has a 100% ownership stake in several key projects, indicating strong control over its development pipeline[34] - The company has total of 100% ownership in several key projects, including the Zhengzhou Xinda Building and Qingdao Century Building[47] Rental Income - The company generated approximately RMB 150 million in rental income from real estate leasing during the reporting period[22] - The company has reported a significant increase in rental properties, with a total rentable area of 11,121.31 square meters in Zhengzhou alone[47] - The rental income from various properties is being reported, with significant areas available for lease across multiple cities[47] - The company is not utilizing fair value measurement for its rental properties, indicating a conservative approach to asset valuation[47]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 4,876,395,092.73, a decrease of 52.31% compared to CNY 10,224,974,816.93 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was CNY 470,665,906.07, down 48.01% from CNY 905,346,121.94 year-on-year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -24,792,291.02, a decline of 102.60% compared to CNY 955,187,301.61 in the previous year[24]. - Basic earnings per share for the first half of 2021 were CNY 0.17, a decrease of 46.88% from CNY 0.32 in the same period last year[24]. - The weighted average return on net assets was 2.02%, down 2.04 percentage points from 4.06% in the previous year[24]. - The company achieved operating revenue of 4.876 billion yuan, a decrease of 52.31% compared to 10.225 billion yuan in the same period last year[55]. - Net profit for the period was 416 million yuan, down 62.52% from 1.11 billion yuan year-on-year; attributable net profit to the parent company was 471 million yuan, a decrease of 47.96% from 905 million yuan[55]. - The company reported a net profit of CNY 993.65 million from its subsidiary Changcheng Xinda Real Estate, contributing significantly to overall profitability[91]. - The company reported a net profit of -RMB 2,479.23 million after deducting non-recurring gains and losses, a decrease of 102.60% compared to the same period last year[190]. Cash Flow and Assets - The net cash flow from operating activities was CNY 2,933,482,817.96, an increase of 15.70% from CNY 2,535,365,803.44 in the same period last year[24]. - The total assets at the end of the reporting period were CNY 98,818,696,366.91, an increase of 4.82% from CNY 94,278,648,054.25 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company were CNY 23,519,086,653.31, up 1.87% from CNY 23,086,697,770.18 at the end of the previous year[24]. - The company's total assets of the company as of June 30, 2021, were 98.819 billion yuan, an increase of 4.540 billion yuan from the end of the previous year[55]. - The company's total current assets amounted to RMB 85.46 billion, an increase from RMB 82.74 billion at the end of the previous year[195]. - Cash and cash equivalents decreased to ¥1,681,744,493.17 from ¥3,601,572,306.87, a decline of about 53.3%[199]. - The company's inventory increased by 10.80% year-on-year to approximately ¥54.41 billion, representing 55.06% of total assets[80]. Debt and Liabilities - The company's total liabilities increased by 4.200 billion yuan to 74.268 billion yuan, resulting in a debt-to-asset ratio of 75.16%, up 0.84 percentage points from the previous year[55]. - The total amount of long-term borrowings increased by 22.59% to CNY 13.57 billion from CNY 11.07 billion[82]. - The company reported a total debt of 1,555.69 million yuan as of July 30, 2020, with a main debt balance of 0.26 million yuan[138]. - The total amount of guarantees provided to subsidiaries during the reporting period was CNY 136,687.62 million[144]. - The total amount of guarantees exceeding 50% of net assets was CNY 960,722.11 million[147]. - The debt-to-asset ratio was 75.16%, an increase of 1.13% from the previous year-end[190]. Market and Business Strategy - The company has developed five major residential product lines and an international office product line, focusing on improving property service levels and commercial operation capabilities[28]. - The company's business model is evolving from pure real estate development to include real estate investment and professional services, diversifying its revenue sources[34]. - The company aims to enhance its core competitiveness through collaboration, innovative business models, and a professional talent team[32]. - The company has identified opportunities for expansion through mergers and acquisitions as the industry undergoes consolidation[36]. - The company plans to enhance its market presence in the Yangtze River Delta region, where cities like Hangzhou and Ningbo are experiencing active market conditions[51]. - The company plans to expand its market presence through new projects and strategic investments in key regions[64]. - Future outlook includes continued expansion and development of new projects to meet market demand[70]. Real Estate Market Overview - In the first half of 2021, the national real estate development investment reached RMB 72,179 billion, a year-on-year increase of 15.0%[31]. - The real estate market in China showed strong resilience in the first half of 2021, with a significant year-on-year increase in commodity housing sales of 38.9%[31]. - The total area of commercial housing sold in the first half of 2021 was 88.635 million square meters, up 27.7% year-on-year, and the sales amount reached 929.31 billion yuan, an increase of 38.9%[44]. - The funding available for real estate development enterprises in the first half of 2021 was 1.02898 trillion yuan, a year-on-year increase of 23.5%[46]. - The average growth rate of commercial housing sales over the past two years was 14.7% compared to the same period in 2019[44]. Corporate Governance and Compliance - The company has fulfilled its commitments related to major asset restructuring, ensuring compliance with regulations and addressing competition and related party transactions[113]. - The company has extended the lock-up period for its shares in Xinda Real Estate by an additional 6 months following a major asset restructuring transaction[116]. - The company confirmed its obligation to compensate for any breach of contract related to the development of specific projects, committing to cover 60% of the actual liabilities incurred[116]. - The company has adhered to its commitments regarding share transfer restrictions and has successfully completed the release of previously restricted shares[116]. Environmental and Social Responsibility - The company is committed to green development and environmental protection, implementing green building designs and rainwater recycling in multiple projects[105]. - The company has actively engaged in energy-saving initiatives within its properties, promoting energy-efficient lighting and upgrading old equipment to reduce energy consumption[106]. - The company donated a total of 3 million yuan to support poverty alleviation efforts in the Ledu District of Qinghai Province, aligning with national rural revitalization strategies[110].

Financial Performance - Operating revenue decreased by 79.93% to CNY 1.36 billion year-on-year[11] - Net profit attributable to shareholders decreased by 39.40% to CNY 295.44 million compared to the same period last year[11] - Basic and diluted earnings per share decreased by 41.18% to CNY 0.10[11] - Net profit for the period was RMB 269 million, down 57.77% from RMB 637 million year-on-year[29] - The company reported a total revenue of RMB 1.36 billion, a decrease of 79.93% compared to RMB 6.80 billion in the same period last year[26] - The company's net profit for Q1 2021 was a loss of ¥70.98 million, compared to a loss of ¥18.54 million in Q1 2020, indicating a significant decline in profitability[73] Assets and Liabilities - Total assets increased by 5.61% to CNY 99.57 billion compared to the end of the previous year[11] - The total liabilities rose to RMB 75.19 billion, an increase of RMB 5.26 billion or 7.5% from RMB 70.68 billion at the end of the previous year[29] - The company’s asset-liability ratio increased to 75.52%, up 1.20 percentage points from 74.32% at the end of the previous year[29] - The total liabilities of the company as of March 31, 2021, were RMB 75.19 billion, compared to RMB 70.07 billion at the end of 2020, marking an increase of about 7.5%[60] - Total current assets reached ¥12,417,488,346.98, compared to ¥11,728,788,834.68, marking an increase of about 5.9%[64] - Total liabilities rose to ¥20,774,675,805.31 from ¥18,241,094,895.74, reflecting an increase of approximately 13.9%[66] Cash Flow - Cash flow from operating activities turned positive at CNY 337.79 million, a significant improvement from a negative CNY 991.78 million in the previous year[11] - The cash flow from operating activities was RMB 337 million, a significant improvement compared to a negative RMB 992 million in the same period last year[26] - The cash flow from financing activities decreased by 30.70% to RMB 1.48 billion compared to RMB 2.13 billion in the previous year[26] - The cash flow from investing activities showed a net outflow of ¥1.07 billion in Q1 2021, compared to a net inflow of ¥1.33 billion in Q1 2020[81] - The cash flow from financing activities resulted in a net inflow of ¥1.48 billion in Q1 2021, down from ¥2.13 billion in Q1 2020[77] Shareholder Information - The total number of shareholders at the end of the reporting period was 37,767[14] - The largest shareholder, Xinda Investment Co., Ltd., holds 55.09% of the shares[14] Investment and Projects - The company achieved a real estate sales area of 297,900 square meters, with a sales amount of RMB 5.73 billion during the reporting period[29] - The company has a total of 2.72 million square meters of planned construction area in reserve projects as of March 31, 2021[30] - The company is expanding its portfolio with new residential and commercial projects across multiple cities, including Hefei and Ma'anshan[41] - The total investment amount for the ongoing projects reached CNY 3,467,561,000, with an actual investment of CNY 128,617,000 during the reporting period[38] - The company has initiated new projects with a total investment amount of CNY 50,077,000 in Hefei, with an actual investment of CNY 794,000[41] Rental Income and Properties - The total rental income from leased properties during the reporting period amounted to RMB 5,011.11 million, with a total leased area of 458,287.70 square meters[47] - The company has a total of 27 properties listed, with 100% equity ratio in most of them, primarily in commercial and office sectors[46] - The occupancy rate for the properties ranges from 0% to 81.49%, with notable properties like Shanghai Xinda Building achieving a rental income of RMB 500.23 million[46] - The company reported a significant increase in rental income from properties in Hefei, with total rental income reaching RMB 735.48 million from the "Family World" project[46] Corporate Bonds - The company issued corporate bonds totaling RMB 30 billion, with a coupon rate of 3.80%, and completed interest payments in March 2021[49] - In January 2021, the company issued RMB 27.7 billion in corporate bonds, with varying maturities and coupon rates between 4.40% and 4.57%[51] - The company has a total of 70.04 billion RMB in corporate bonds registered for issuance to professional investors, indicating strong capital market engagement[49] - The company issued a total of RMB 78.33 billion in non-public corporate bonds, with RMB 15 billion issued at a coupon rate of 5.50% in January 2019[53] Research and Development - Research and development expenses increased to ¥1,991,024.93 in Q1 2021 from ¥577,565.42 in Q1 2020, showing an increase of approximately 245%[69] - Research and development expenses rose to ¥1.99 million in Q1 2021, compared to ¥577,565.42 in Q1 2020, reflecting an increased focus on innovation[73]

Financial Performance - In 2020, the company achieved a total operating revenue of ¥25,863,802,943.66, representing a year-on-year increase of 32.78% compared to ¥19,478,393,074.75 in 2019[24]. - The net profit attributable to shareholders of the listed company for 2020 was ¥1,502,034,587.54, a decrease of 35.13% from ¥2,315,414,232.30 in 2019[24]. - The net cash flow from operating activities was ¥7,361,073,970.19, down 9.29% from ¥8,114,810,076.53 in 2019[24]. - The company proposed no cash dividend distribution for the 2020 fiscal year, with a total distributable profit of ¥1,059,409,371.81 as of the end of the reporting period[6]. - The average annual distributable profit over the last three years was ¥1,989,472,952.93, with cumulative cash distributions amounting to ¥627,413,290.90, accounting for 31.54% of the average distributable profit[6]. - The company reported a net profit of ¥1,195,685,965.80 after deducting non-recurring gains and losses, which is a 38.55% decrease from ¥1,945,674,542.81 in 2019[24]. - Basic earnings per share decreased by 34.57% to CNY 0.53 from CNY 0.81[27]. - The weighted average return on net assets decreased by 4.41 percentage points to 6.68% from 11.09%[27]. - The gross profit margin decreased by 0.48 percentage points to 27.61% compared to the previous year[76]. - The overall profit margin for the year is projected to be around 25%, driven by cost management and increased sales volume[103]. Asset and Liability Management - The net assets attributable to shareholders of the listed company increased by 5.56% to CNY 23,086,697,770.18 from CNY 21,869,851,042.14[27]. - Total assets decreased by 4.39% to CNY 94,278,648,054.25 from CNY 98,604,627,404.60[27]. - The total liabilities decreased to 70.068 billion RMB from 75.845 billion RMB, a reduction of 7.63%[70]. - The total amount of guarantees for Guangzhou Qichuang Real Estate Co., Ltd. reached RMB 5,869.92 million on January 10, 2020, which is not overdue[193]. - The total amount of guarantees exceeding 50% of net assets was CNY 956,378.00 million[198]. Investment and Development - The total amount of investments in various projects increased by CNY 1,291,321,482.15, reaching CNY 5,795,263,592.05 by the end of the reporting period[35]. - The company has a total land reserve of 1,206,935 square meters with a planned construction area of 2,259,664 square meters, and a total of 1,188,824 square meters under development[94]. - The company’s total investment in real estate development during the reporting period is highlighted as a major non-equity investment[117]. - The company has launched several new projects, including residential and commercial developments in various regions, with significant investment amounts[97]. - The company plans to expand its market presence in Zhejiang and Anhui provinces, targeting a 20% increase in market share by the end of the fiscal year[103]. Market and Competitive Landscape - The real estate market showed signs of recovery in the second half of 2020, with residential sales increasing by 8.7% year-on-year to CNY 17,361.3 billion[39]. - The real estate industry is experiencing intensified competition, with 41 companies achieving sales exceeding CNY 100 billion in 2020, indicating a trend towards higher industry concentration[39]. - The company is transitioning from a focus on project development profits to diversified income sources including investment returns and regulatory construction management[45]. - The company aims to enhance its core competitiveness and brand influence amid increasing industry concentration and competition[39]. - The company will focus on developing high-cost performance residential products, addressing both rigid and improved demand, while exploring new business formats such as community commerce and community elderly care[135]. Corporate Governance and Compliance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures for providing guarantees[8]. - The audit report for the fiscal year was issued by Ernst & Young Hua Ming, confirming the accuracy and completeness of the financial statements[5]. - The company guarantees the independence of the listed company's operations and management, ensuring no interference from controlling entities[162]. - The company will not engage in any related party transactions that could harm the interests of the listed company and its shareholders[158]. Future Outlook and Strategy - The company plans to enhance product competitiveness and marketing strategies in response to intensified market competition in 2021[63]. - The company will strengthen its financing strategies and control funding costs in response to tighter financial regulations in the real estate sector[140]. - The company is committed to enhancing its information technology capabilities to improve operational management and customer experience[131]. - The company recognizes the ongoing impact of COVID-19 on production and lifestyle, leading to increased investment in internet marketing and technology integration[131]. - The company will continue to monitor market conditions and adjust its operational plans accordingly to ensure stable and healthy development[136].

Financial Performance - Net profit attributable to shareholders rose by 79.72% to CNY 1.10 billion year-on-year[11] - Operating revenue for the first nine months reached CNY 12.24 billion, a 40.62% increase from the same period last year[11] - Basic earnings per share rose by 77.27% to CNY 0.39 per share[11] - Net profit reached 1.34 billion yuan, up 95.77% from 686 million yuan year-on-year[26] - Total operating revenue for Q3 2020 was CNY 2,016,888,301.68, a decrease of 38.4% compared to CNY 3,275,901,612.40 in Q3 2019[70] - Net profit for Q3 2020 reached CNY 232,963,678.49, an increase of 34.7% from CNY 172,926,869.61 in Q3 2019[73] - The net profit for the first three quarters of 2020 was CNY 10,327,101.99, compared to CNY 59,446,686.11 in the same period of 2019, indicating a significant decline[76] - The company’s total comprehensive income for the first three quarters of 2020 was CNY 10,327,101.99, down from CNY 59,446,686.11 in the previous year[76] Assets and Liabilities - Total assets increased by 3.10% to CNY 101.66 billion compared to the end of the previous year[11] - The total liabilities were 78.13 billion yuan, an increase of 2.28 billion yuan from the end of the previous year[26] - The company’s asset-liability ratio decreased to 76.85%, down 0.07 percentage points from the beginning of the year[26] - The company’s total liabilities were ¥78.13 billion as of September 30, 2020, up from ¥75.84 billion at the end of 2019, reflecting a rise of approximately 3.8%[64] - The company’s equity attributable to shareholders was ¥22.69 billion as of September 30, 2020, compared to ¥21.87 billion at the end of 2019, showing an increase of about 3.7%[64] Cash Flow - Net cash flow from operating activities surged by 117.17% to CNY 5.69 billion year-to-date[11] - The company recorded a cash flow from operating activities of 5.69 billion yuan, a 117.17% increase from 2.62 billion yuan in the same period last year[25] - Operating cash inflow for the first three quarters of 2020 was CNY 17,245,219,115.99, up from CNY 12,533,395,164.12 in 2019, reflecting a growth of approximately 37.3%[78] - The net cash flow from operating activities for Q3 2020 was CNY 5,693,662,081.43, compared to CNY 2,621,739,695.32 in Q3 2019, showing an increase of about 117.5%[78] - The cash and cash equivalents at the end of Q3 2020 were CNY 18,413,249,562.73, an increase from CNY 12,535,619,056.48 at the end of Q3 2019[78] Construction and Development - The company sold a total of 930,700 square meters of real estate, generating sales revenue of 16.53 billion yuan[26] - The company’s new construction area was 1,047,600 square meters during the reporting period[26] - The total planned construction area for the company's reserve projects is 3,340,600 square meters, including 265,700 square meters for cooperative projects and 150,800 square meters for entrusted projects[31] - The company has a total of 6,554,100 square meters under construction, with cooperative project equity area of 1,572,800 square meters and entrusted project area of 931,500 square meters[36] - The company completed a total construction area of 641,500 square meters during the reporting period, with 248,900 square meters attributable to joint ventures[41] Market Expansion and Strategy - The company is focusing on expanding its market presence through new residential developments and commercial projects[40] - The company is actively pursuing new strategies for market expansion and product development to enhance its competitive position[40] - The company plans to continue focusing on market expansion and new product development to drive future growth[72] Financial Management - The company has issued a total of 30 billion yuan in public bonds, with 25 billion yuan issued at a coupon rate of 3.80% and 5 billion yuan at 3.50%[52] - The company completed the issuance of 15 billion yuan in bonds at a coupon rate of 5.50% and 27 billion yuan at 4.98% in 2019, demonstrating robust capital raising activities[54] - The company is committed to transparency in its financial reporting and adheres to regulatory requirements for bond issuance and management[52] Challenges and Risks - The company has faced increased pressure and uncertainty in achieving profit forecast targets due to the adverse impact of the pandemic[55] - The company is actively working to mitigate the impact of the pandemic on its development and sales efforts for the restructured assets[55]