| 证券代码：600665 | 证券简称：天地源 | | 公告编号：临2023-029 | | --- | --- | --- | --- | | 债券代码：185167 | 债券简称：21 | 天地一 | | | 债券代码：185536 | 债券简称：22 | 天地一 | | | 债券代码：137566 | 债券简称：22 | 天地二 | | 天地源股份有限公司 2023 年第一季度房地产项目经营情况简报 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。 根据上海证券交易所《上市公司自律监管指引第 3 号--行业信息披露第一号 -房地产（2022 年修订）》要求，现将天地源股份有限公司（以下简称公司）2023 年第一季度房地产项目经营情况公告如下： 一、新增房地产储备及开工面积、竣工面积 2023 年 1-3 月，公司新增房地产土地储备面积 7.95 万平方米，权益新增房 地产土地储备面积 4.38 万平方米, 权益新增房地产计容建筑面积约 12.24 万平 方米。具体项目如下： 单位：万平米 | 序 号 | 城市 | ...

Financial Performance - In 2022, the company achieved a total revenue of ¥10,552,345,745.98, representing a 52.01% increase compared to ¥6,941,947,174.46 in 2021[24]. - The net profit attributable to shareholders was ¥342,665,522.52, a decrease of 9.06% from ¥376,806,218.33 in the previous year[24]. - The net cash flow from operating activities increased by 108.44% to ¥1,395,278,589.93, up from ¥669,379,333.63 in 2021[24]. - Basic earnings per share for 2022 were ¥0.3965, down 9.08% from ¥0.4361 in 2021[25]. - The company reported a 35.41% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, reaching ¥340,711,051.86[24]. - The weighted average return on net assets decreased by 1.29 percentage points to 8.02% in 2022[26]. - The company achieved a sales revenue of 10.55 billion RMB, representing a 52.01% increase compared to the previous year[41]. - The net profit attributable to the parent company was 343 million RMB, with a weighted average return on equity of 8.02%[39]. - The company recorded a total asset value of 40.31 billion RMB as of December 31, 2022[39]. - The company’s gross profit margin in the real estate sector was 25.75%, an increase of 1.78 percentage points year-on-year[46]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥1.19 per 10 shares, totaling ¥102,830,580.00 for the year 2022[6]. - The company has a cash dividend policy that states at least 30% of the average distributable profit over the last three years will be distributed in cash[131]. - The company has a total of 342,665,522.52 RMB in net profit attributable to ordinary shareholders for the year, with a cash dividend payout ratio of 30.01%[136]. Asset Management - The company's total assets at the end of 2022 were ¥40,308,112,494.37, a decrease of 2.34% from ¥41,274,569,917.58 in 2021[24]. - The net assets attributable to shareholders increased by 5.52% to ¥4,387,954,678.61, compared to ¥4,158,459,692.51 at the end of 2021[24]. - The company's total assets included accounts payable of RMB 5.65 billion, which increased by 68.26% due to installment payments for land acquisition[58]. - The company reported a significant increase in tax payable, which rose by 154.80% to RMB 548.34 million, reflecting higher VAT and income tax obligations[58]. Market and Project Development - The company successfully delivered 6400 housing units across 9 projects, totaling 950,000 square meters, demonstrating commitment to project completion[32]. - The company acquired three new projects in Xi'an, covering a total area of 254 acres, indicating strategic expansion efforts[32]. - The company has ongoing projects in various cities, including a total of 99,768.70 square meters under construction for the Yunshui Tianjing project in Xi'an, with an investment of RMB 543.6 million[65]. - The company is focusing on expanding its residential and commercial projects, with multiple new projects launched in key cities[64]. - The company has achieved a construction completion rate of 100% for several projects, including the Changjiang Tianjing project in Xi'an, which has a total area of 156,540.09 square meters[65]. Financing and Investment - The company secured financing of RMB 9.58 billion throughout the year, with RMB 9.25 billion of restricted funds released, enhancing liquidity[32]. - The total financing amount at the end of the period was CNY 1,290,975.21 million, with an average financing cost of 7.49%[72]. - The company plans to apply for a total financing limit of no more than CNY 17.5 billion from financial institutions[71]. - The company plans to invest CNY 8.204 billion in ongoing and planned projects in 2023, and aims to reserve land with a planned area of approximately 450,000 square meters at an estimated cost of CNY 6.5 billion[71]. Risk Management and Governance - The company does not face any significant risk events during the reporting period[10]. - The company conducted 14 audits to strengthen risk management and safety protocols, ensuring operational integrity[34]. - The company has implemented comprehensive risk management measures to prevent operational risks[97]. - The company has confirmed that there are no significant internal control deficiencies during the reporting period[138]. Corporate Governance - The company held 16 board meetings and approved 80 proposals in 2022, demonstrating active governance[97]. - The company has established a strong governance structure with independent directors ensuring oversight and accountability[104]. - The company is committed to maintaining a high level of corporate governance and transparency in its operations[104]. - The company has revised and established multiple internal control regulations to enhance governance effectiveness[97]. Employee and Community Engagement - The total number of employees at the parent company and major subsidiaries is 2,809, with 84 at the parent company and 2,725 at subsidiaries[127]. - The company has implemented a comprehensive training program for new and key employees to enhance skills and optimize work processes[130]. - The company invested a total of 500,000 RMB in social responsibility initiatives, including donations of epidemic prevention materials[149]. - The company mobilized over 3,800 volunteers to support community COVID-19 testing and prevention efforts in Xi'an[149]. Legal and Compliance Issues - The company is involved in a significant lawsuit regarding a claim of 45 million RMB against Tianjin Binhai Development Investment Holding Co., which is currently in the enforcement process[157]. - The company has a pending lawsuit involving a claim of 584.974 million RMB against Haojie Plastic (Shenzhen) Co., which is under judicial review[158]. - The company has maintained a good integrity status with no significant debts or court judgments unfulfilled during the reporting period[162]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[105]. - The company plans to expand its market presence by entering three new provinces in the next fiscal year, targeting a 15% increase in market share[109]. - The company plans to achieve a new sales contract amount of 10.502 billion yuan in 2023[87].

| 证券代码：600665 | 证券简称：天地源 | | 公告编号：临2023-008 | | --- | --- | --- | --- | | 债券代码：185167 | 债券简称：21 | 天地一 | | | 债券代码：185536 | 债券简称：22 | 天地一 | | | 债券代码：137566 | 债券简称：22 | 天地二 | | 天地源股份有限公司 2022 年第四季度房地产项目经营情况简报 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。 根据上海证券交易所《上市公司自律监管指引第 3 号--行业信息披露第一号 -房地产（2022 年修订）》要求，现将天地源股份有限公司（以下简称公司）2022 年第四季度房地产项目经营情况公告如下： 一、新增房地产储备及开工面积、竣工面积 2022 年 10-12 月，公司无新增房地产土地储备。 万元，同比下降 2.96%。 三、房地产出租情况 2022 年 1-12 月，公司新增房地产土地储备面积 8.95 万平方米，权益新增 房地产土地储备面积 8.95 万平方米, ...

| --- | --- | --- | |------------|-----------------|---------------------------------------| | | T a n d e C o . | 天 地 源 股 份 有限 公司 , L t d. | | 证券代码： | 600665 | 证券简称：天地源 | | 债券代码： | 155655 | 债券简称： 19天地一 | | 债券代码： | 185167 | 债券简称： 21 天地一 | | 债券代码： | 185536 | 债券简称：22天地一 | 天地源股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------------------------|---------------------------------------------------------------------------------------------|------------------------------------------------------------------------- ...

2022 年第三季度报告 证券代码：600665 证券简称：天地源 债券代码：185167 债券简称：21 天地一 债券代码：185536 债券简称：22 天地一 债券代码：137566 债券简称：22 天地二 天地源股份有限公司 2022 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法律责任。 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 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)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上 年同期增减变 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 动幅度(%) | | 增减变动幅度 | | | | | | (%) | | 营 ...

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 3,100,471,204.41, representing a 10.78% increase compared to RMB 2,798,733,280.41 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 96.72% to RMB 8,814,684.77 from RMB 268,870,026.21 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was RMB 9,310,973.67, down 93.90% from RMB 152,557,772.78 in the previous year[17]. - Basic earnings per share for the first half of 2022 were RMB 0.0102, down 96.72% from RMB 0.3111 in the same period last year[18]. - The weighted average return on net assets decreased by 6.43 percentage points to 0.21% from 6.64% in the previous year[18]. - The company reported a net profit of -12.56 million RMB from Xi'an Tiandi Yuan Real Estate Development Co., Ltd. for the first half of 2022[42]. - Xi'an Tiandi Yuan Qujiang Real Estate Development Co., Ltd. recorded a net loss of -382.59 million RMB, indicating significant financial challenges[42]. - The company reported a total profit of ¥157,815,080.70, down 54.5% from ¥347,434,355.64 in the first half of 2021[116]. - The company incurred income tax expenses of ¥48,615,583.57, compared to ¥78,389,801.21 in the previous year, a decrease of 38.1%[116]. Cash Flow and Liquidity - The net cash flow from operating activities was RMB 1,718,352,312.91, a significant improvement from a negative cash flow of RMB -916,402,396.74 in the same period last year[17]. - The company reported a total cash and cash equivalents balance of CNY 1,688,258,042.33 at the end of the period, an increase of CNY 617,879,574.14 from the beginning of the period[125]. - The cash inflow from investment activities was minimal, totaling CNY 519,227.08, indicating limited investment recovery[125]. - The total cash inflow from operating activities was approximately ¥6.83 billion in the first half of 2022, compared to ¥5.62 billion in the same period of 2021, indicating a growth of about 21%[120]. - The company's current liquidity ratio is 1.31, a decrease of 5.76% compared to the previous year[103]. - The company's current quick ratio is 0.34, down 15.00% from the previous year[103]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 44,687,440,736.68, an increase of 8.27% compared to RMB 41,274,569,917.58 at the end of the previous year[17]. - Total liabilities reached ¥40.15 billion, an increase from ¥36.73 billion, reflecting a growth of approximately 9.8%[110]. - The total equity attributable to shareholders decreased to ¥4.05 billion from ¥4.16 billion, a decline of about 2.6%[110]. - Accounts payable increased by 70.40% to RMB 5.72 billion due to the recognition of installment payments for land acquisition[35]. - The company's debt-to-asset ratio is 89.85%, an increase of 0.97% compared to the previous year[103]. Investments and Subsidiaries - The company has invested RMB 59.53 million in Xi'an Silk Road International Financial Innovation Center, holding an 8.04% equity stake[39]. - The company reported a total of 30 subsidiaries involved in real estate development, with varying levels of profitability and asset values[42]. - The company established a new wholly-owned subsidiary, Xi'an Tiandi Yuan Haoyue Real Estate Development Co., Ltd., with a registered capital of 30,000 million RMB[43]. - The company holds a 51% stake in Shaanxi Shenbao Hydropower Development Co., Ltd. and a 70% stake in Xi'an Chuangdian Think Tank Business Consulting Management Co., Ltd., aiming for diversified development[46]. Market and Operational Strategy - The company plans to enhance its operational efficiency and adapt to market changes by focusing on marketing management and cash flow safety[26]. - The company aims to strengthen its land reserves and financing efforts, with a total financing amount of CNY 51.07 billion achieved in the first half of the year[28]. - The company emphasizes a strategic focus on "cultural real estate leadership" and "beautiful life operation" to drive growth and customer satisfaction[23]. - The company is focused on ensuring the continuous profitability and protection of minority shareholders' interests through strategic asset management[64]. Risks and Challenges - The company faces risks from the ongoing COVID-19 pandemic, which may impact project development and operations in certain cities[47]. - Market risks are heightened due to overall industry downturn and increased competition, prompting the company to enhance macroeconomic and regional market analysis[48]. - Financial pressures are evident due to regulatory impacts on the capital-intensive real estate sector, leading the company to adjust its financing structure and reduce costs[48]. Corporate Governance and Compliance - The company has not proposed any profit distribution or capital reserve fund transfer plan for the half-year period[55]. - There are no updates or changes regarding the stock incentive plan or employee stock ownership plan[55]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[57]. - The company actively promotes waste classification and has set up facilities for waste management in service communities[58]. Financial Instruments and Accounting Policies - Financial instruments are recognized as financial assets or liabilities based on the contractual agreements, with initial measurement at fair value[155]. - The company recognizes interest income on financial assets measured at amortized cost using the effective interest method[156]. - The company adopts a perpetual inventory system, conducting inventory counts semi-annually and a comprehensive count before the end of the fiscal year[176]. - The company recognizes intangible assets based on identifiable non-monetary assets without physical substance, including patents and trademarks[194].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 361,087,588.01, representing a year-on-year increase of 5.68%[6] - The net profit attributable to shareholders was a loss of RMB 26,944,838.32, with a net profit excluding non-recurring items also showing a loss of RMB 27,482,667.25[6] - The company reported a net financial cost of CNY 22,873,500.78, up from CNY 18,083,617.69, indicating an increase of approximately 26.5%[19] - Net profit for Q1 2022 was a loss of CNY 29,544,464.93, an improvement from a loss of CNY 35,581,155.44 in Q1 2021, indicating a reduction in losses of about 16.4%[20] - Operating profit for Q1 2022 was a loss of CNY 37,025,877.59, compared to a loss of CNY 55,117,611.89 in Q1 2021, reflecting a decrease in losses of approximately 32.8%[20] - The total comprehensive income for Q1 2022 was a loss of CNY 29,544,464.93, compared to a loss of CNY 35,581,155.44 in Q1 2021, showing an improvement of about 16.4%[20] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.0312, an improvement from CNY -0.0402 in Q1 2021, indicating a reduction in loss per share of approximately 22.4%[21] Cash Flow - The net cash flow from operating activities decreased by 77.83%, amounting to RMB 56,922,529.04, primarily due to increased land payment expenditures compared to the same period last year[8] - Cash flow from operating activities for Q1 2022 was CNY 56,922,529.04, down from CNY 256,762,542.18 in Q1 2021, showing a decline of about 77.8%[22] - Cash flow from investing activities in Q1 2022 resulted in a net outflow of CNY 1,670,433.78, compared to a net outflow of CNY 11,829,573.66 in Q1 2021, indicating a significant reduction in outflows[23] - Cash flow from financing activities in Q1 2022 showed a net outflow of CNY 1,378,051,441.08, worsening from a net outflow of CNY 811,361,798.84 in Q1 2021, reflecting an increase in cash outflows of about 69.8%[23] Assets and Liabilities - The total assets at the end of the reporting period were RMB 40,578,686,640.19, a decrease of 1.69% from the end of the previous year[7] - The company's total assets amounted to CNY 40,578,686,640.19, a decrease from CNY 41,274,569,917.58 in the previous period[18] - Current liabilities totaled CNY 27,437,086,067.01, down from CNY 28,578,717,256.11, indicating a reduction of approximately 4%[17] - Non-current liabilities increased to CNY 8,626,550,456.25 from CNY 8,151,295,431.70, representing an increase of about 5.8%[17] - The company's total equity was CNY 4,515,050,116.93, slightly down from CNY 4,544,557,229.77[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,223[10] - The largest shareholder, Xi'an High-tech Industrial Development Zone Real Estate Development Co., Ltd., holds 497,000,938 shares, accounting for 57.52% of the total shares[12] Inventory and Receivables - Inventory increased to CNY 28,662,613,434.46 from CNY 26,573,321,146.67, marking an increase of approximately 7.9%[16] - Accounts receivable decreased to CNY 72,942,666.20 from CNY 74,946,677.27, a decline of about 2.7%[16] Revenue and Costs - Total operating revenue for Q1 2022 was CNY 361,087,588.01, an increase of 5.2% compared to CNY 341,676,781.21 in Q1 2021[19] - Total operating costs for Q1 2022 were CNY 402,114,337.44, up from CNY 399,013,450.93 in Q1 2021, reflecting a slight increase of 0.5%[19] - Total revenue from sales and services received in Q1 2022 was CNY 2,173,469,682.65, slightly up from CNY 2,141,021,981.93 in Q1 2021, marking an increase of approximately 1.5%[22] Financial Instruments - The company completed a public issuance of bonds on March 14, 2022, with a total scale of RMB 500 million and a coupon rate of 7.50%[14] - The company plans to issue medium-term notes not exceeding RMB 700 million, pending approval from the shareholders' meeting[14]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 376,806,218.33 in 2021, representing a 14.61% increase compared to RMB 328,775,116.22 in 2020[6]. - Total operating revenue for 2021 was RMB 6,941,947,174.46, marking a 30.89% increase from RMB 5,303,654,893.66 in 2020[24]. - Basic earnings per share rose to RMB 0.4361 in 2021, a 14.61% increase from RMB 0.3805 in 2020[25]. - The weighted average return on equity increased to 9.31% in 2021, up from 8.65% in 2020, reflecting a 0.66 percentage point increase[25]. - The net profit after deducting non-recurring gains and losses was RMB 251,618,369.42, a decrease of 13.98% from RMB 292,505,508.99 in 2020[24]. - The company reported a decrease in diluted earnings per share to RMB 0.2912 after deducting non-recurring gains and losses, down from RMB 0.3385 in 2020, a decline of 13.97%[25]. - The company achieved a sales revenue of 6.942 billion RMB, representing a 30.89% increase compared to the previous year[39]. - The net profit attributable to the parent company was 377 million RMB, with a weighted average return on equity of 9.31%[37]. - The company recorded a contract sales amount of 12.189 billion RMB and an equity contract sales amount of 9.4 billion RMB[37]. - The company achieved total sales revenue of 1,218,892.35 million RMB, with a sales area of 731,963.15 square meters during the reporting period[60]. Cash Flow and Financial Stability - The net cash flow from operating activities decreased by 82.73% to RMB 669,379,333.63 at the end of 2021, down from RMB 3,876,529,048.96 at the end of 2020[24]. - The company secured financing of RMB 8.1 billion throughout the year, enhancing its financial stability[32]. - The company’s cash flow from operating activities decreased by 82.73% to 669 million RMB compared to the previous year[39]. - The average financing cost for the company was 7.38% with total financing amounting to 1,485,349.80 million RMB at the end of the reporting period[63]. - The company has a loan balance of CNY 1.15 billion from financial institutions, with a loan interest rate of 8.7% per annum, due within 30 months[159]. - The company has another loan balance of CNY 150 million, with a loan interest rate of 9% per annum, due within 24 months[160]. Strategic Initiatives and Market Position - The company aims to position itself as a leader in cultural real estate and a provider of quality living experiences[35]. - The company plans to invest 8.204 billion RMB in construction and planned projects in 2022, with an estimated land acquisition cost of approximately 11.7 billion RMB for about 1.05 million square meters[63]. - The company plans to focus on acquiring quality land in economically strong cities with net population inflow, using methods such as bidding and mergers[81]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for this purpose[98]. - The company is actively expanding its market presence through strategic partnerships and joint ventures in various regions[69]. Operational Efficiency and Management - The company implemented a strategic focus on project management and operational efficiency, resulting in multiple awards for engineering quality[32]. - The company aims to enhance cash flow safety by increasing sales efforts and improving fund utilization efficiency[81]. - The company is committed to improving operational efficiency and cost control through detailed cost estimation and project management[82]. - The company has optimized its subsidiary management structure to improve control efficiency[130]. - The company has established a comprehensive internal control system, reviewing 156 existing documents and enhancing the internal control framework[128]. Governance and Compliance - The company held 18 board meetings in 2021, passing 61 resolutions and receiving 13 special reports[87]. - The company’s governance structure has been refined with the revision of 7 governance rules, including the shareholder meeting rules[87]. - The company’s board and committees actively engaged in governance, holding a total of 13 committee meetings and 4 supervisory meetings[87]. - The company has improved its internal control and risk management awareness through the implementation of management manuals[87]. - The company’s audit committee confirmed that the related transactions during the reporting period did not harm the interests of the company or its minority shareholders[113]. Market Challenges and Outlook - The real estate market faced challenges in 2021, with a 23.8% year-on-year decline in residential land transactions across 300 cities[34]. - The outlook for 2022 suggests a potential recovery in the real estate market, although external challenges remain significant[34]. - The company anticipates a gradual recovery in market confidence and a slight increase in transaction volume in 2022, despite ongoing industry adjustments[74]. - The company is monitoring the impact of regulatory changes on the real estate market, with expectations of a stable policy environment in 2022[75]. Environmental and Social Responsibility - The company has actively promoted waste classification in its service communities, setting up centralized waste classification points[141]. - The company has implemented comprehensive management measures to effectively reduce air pollution during project construction[141]. - In response to the COVID-19 pandemic, the company dispatched over 700 personnel to support nucleic acid testing in 41 communities, demonstrating strong community engagement and social responsibility[143]. - The company initiated the "Orange Light" micro-light plan, supporting rural revitalization by purchasing local agricultural products, thereby aiding in poverty alleviation efforts[144]. Legal and Litigation Matters - The company has been involved in significant litigation, including a case where Tianjin Tiandi Yuan demanded RMB 45 million from Tianjin Binhai Development Investment Holding Co., which is currently under court proceedings[152]. - A total of RMB 1.6 billion in funds has been frozen by the Xi'an Intermediate People's Court due to ongoing litigation involving the company's subsidiary[152]. - The company has faced a lawsuit from Shaanxi Construction Sixth Group, claiming RMB 73.12 million in progress payments and RMB 12.80 million in economic losses due to delays[153]. Related Party Transactions - The total amount of related party transactions for 2021 was CNY 32.15 million, which did not exceed the initially estimated total of CNY 122.34 million[157]. - The company engaged in various related party transactions, including purchasing materials and providing services, with amounts ranging from CNY 7,547.17 to CNY 27.5 million[157]. - The company has signed a share custody agreement with its controlling shareholder, managing the equity of three project companies in real estate development[163].

Financial Performance - The company's operating revenue for Q3 2021 was ¥803,729,184.82, representing a year-on-year increase of 37.80%[4] - The net profit attributable to shareholders for Q3 2021 was ¥17,080,111.12, a decrease of 74.86% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥16,744,606.34, down 75.17% year-on-year[4] - The basic earnings per share for Q3 2021 was ¥0.0198, a decrease of 74.86% compared to the same period last year[4] - The diluted earnings per share for Q3 2021 was also ¥0.0198, reflecting the same decline of 74.86% year-on-year[4] - The weighted average return on equity for Q3 2021 was 0.42%, a decrease of 1.41 percentage points compared to the same period last year[4] - The net cash flow from operating activities for the year-to-date was ¥286,287,381.42, down 75.90% year-on-year[4] - Total operating revenue for the first three quarters of 2021 reached RMB 3,602,462,465.23, a significant increase from RMB 1,541,159,025.30 in the same period of 2020, representing a growth of approximately 133.4%[18] - Total operating costs for the first three quarters of 2021 amounted to RMB 3,391,646,849.36, compared to RMB 1,380,868,687.10 in 2020, indicating an increase of about 145.0%[18] - The net profit for Q3 2021 was CNY 285,176,608.42, a significant increase from CNY 131,412,813.54 in Q3 2020, representing a growth of approximately 117.5%[19] - Operating profit for Q3 2021 reached CNY 211,096,733.77, compared to CNY 161,076,483.47 in the same period last year, indicating a year-over-year increase of about 31.1%[19] - Total revenue for the first three quarters of 2021 was CNY 10,103,674,792.72, up from CNY 9,539,732,042.06 in the first three quarters of 2020, reflecting a growth of approximately 5.9%[22] - The total profit for Q3 2021 was CNY 368,164,358.06, compared to CNY 151,086,209.34 in Q3 2020, reflecting an increase of approximately 143.5%[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥40,343,641,275.79, an increase of 18.81% from the end of the previous year[5] - The equity attributable to shareholders at the end of the reporting period was ¥4,067,581,435.29, up 3.95% from the end of the previous year[5] - The company's cash and cash equivalents as of September 30, 2021, were RMB 8,175,382,913.84, up from RMB 7,207,366,418.29 at the end of 2020, reflecting a growth of approximately 13.4%[13] - The total assets of the company as of September 30, 2021, were RMB 40,343,641,275.79, compared to RMB 33,955,338,363.80 at the end of 2020, marking an increase of about 18.5%[15] - The total liabilities as of September 30, 2021, were RMB 35,932,571,655.37, up from RMB 29,723,275,340.41 at the end of 2020, representing an increase of approximately 20.9%[15] - The company's equity attributable to shareholders as of September 30, 2021, was RMB 4,067,581,435.29, compared to RMB 3,912,939,766.79 at the end of 2020, indicating a growth of about 4.0%[15] Cash Flow and Financing - Cash flow from operating activities for Q3 2021 was CNY 286,287,381.42, a decrease from CNY 1,187,952,513.58 in Q3 2020[23] - The company incurred financial expenses of CNY 47,765,010.04 in Q3 2021, compared to a financial income of CNY 11,443,094.72 in Q3 2020, indicating a significant shift in financial performance[19] - The company’s cash inflow from financing activities in Q3 2021 was CNY 6,997,041,788.00, an increase from CNY 5,496,978,500.00 in Q3 2020, indicating a growth of about 27.3%[23] - The company’s investment activities resulted in a net cash outflow of CNY 54,493,419.42 in Q3 2021, compared to a net outflow of CNY 22,551,549.89 in Q3 2020, showing an increase in investment expenditures[23] Corporate Actions - The company plans to issue corporate bonds of up to RMB 3 billion to professional investors, with a maturity of no more than 3 years[10] - The company has completed the payment of land value-added tax amounting to RMB 85,552,673.76 related to the "Water Ink Thirty Degrees" project[10] - The company's short-term borrowings and other financial liabilities are not detailed in the report, indicating a focus on operational metrics rather than financing[14] Prepayments and Inventory - The company has shown a strong increase in prepayments, which rose to RMB 698,056,787.01 from RMB 429,516,457.53, reflecting a growth of approximately 62.5%[13] - Inventory was valued at approximately CNY 22.58 billion, remaining stable[25]

Financial Performance - The company's operating revenue for the first half of 2021 reached RMB 2,798,733,280.41, representing a 192.17% increase compared to RMB 957,921,276.36 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was RMB 268,870,026.21, a significant increase of 318.11% from RMB 64,305,904.40 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was RMB 152,557,772.78, which is a 104.92% increase compared to RMB 74,447,021.12 in the same period last year[19]. - Basic earnings per share for the first half of 2021 were RMB 0.3111, up 318.15% from RMB 0.0744 in the same period last year[20]. - The weighted average return on net assets increased by 4.91 percentage points to 6.64% from 1.73% in the previous year[20]. - The company achieved a sales revenue of 2.799 billion RMB, an increase of 192.17% year-on-year[28]. - The net profit attributable to the parent company was 269 million RMB, up 318.11% compared to the previous year[28]. - The cash collection reached 5.2 billion RMB, representing a year-on-year growth of 34%[28]. Assets and Liabilities - The company's total assets at the end of the reporting period amounted to RMB 36,766,276,092.05, an increase of 8.28% from RMB 33,955,338,363.80 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 6.87% to RMB 4,181,834,896.13 from RMB 3,912,939,766.79 at the end of the previous year[19]. - The total assets as of June 30, 2021, amounted to 36.766 billion RMB, with net assets of 4.182 billion RMB[29]. - The total liabilities increased to ¥32,265,119,292.42 from ¥29,723,275,340.41[102]. - The total current liabilities increased to ¥23,583,626,427.87 from ¥19,461,991,536.65[101]. - The total non-current liabilities decreased to ¥8,681,492,864.55 from ¥10,261,283,803.76[101]. Operational Strategy - The company is focusing on regional deep cultivation and national expansion, with strategic layouts in various economic circles across China[23]. - The company has adopted cooperative development and open project equity strategies to seize more market opportunities amid intensified competition in the real estate sector[23]. - The company emphasized a balanced development strategy focusing on scale, efficiency, and risk control[25]. - The company plans to enhance resource reserves, including funding, land, and talent, to align with annual development targets[32]. - The company is committed to improving product quality and operational efficiency through standardized product frameworks and performance assessment systems[31]. - The company’s overall strategy includes expanding its market presence through new project developments and strategic partnerships[46]. Risks and Challenges - There were no significant risk events reported during the reporting period, and the company has detailed potential risks in the report[7]. - The company faces policy risks due to tightening regulations in certain cities, which may impact operations and development[50]. - Market risks include increased industry concentration and fierce competition for prime land, compressing profit margins[50]. - The financing environment remains tight due to regulatory pressures, prompting the company to accelerate sales collection and diversify financing channels[50]. Investments and Subsidiaries - The company made equity investments totaling ¥16,501.98 million in Taicang Zhuorun Real Estate Development Co., Ltd., representing a 28% stake[41]. - The company’s investment in Xi'an Silk Road International Financial Innovation Center Co., Ltd. decreased from 10.98% to 8.04% after a capital increase by the controlling shareholder[42]. - The company established a new subsidiary, Guangzhou Tiandi Yuan Real Estate Co., with a registered capital of 10,000 million RMB to facilitate the development of a project in Panyu District, Guangzhou[46]. - The company added Zhenjiang Hengxiang Real Estate Development Co. to its consolidation scope, with a registered capital of 4,082 million RMB, holding a 51% stake[45]. - The company reported a total of 28 subsidiaries involved in real estate development, with varying levels of net profit performance[47]. Legal and Compliance - The company is involved in a significant lawsuit where it is seeking the return of 45 million RMB from Tianjin Bintou, which has not fulfilled its payment obligations as per a mediation agreement[69]. - The company has ongoing litigation related to a compensation agreement, with a claim for a total of 58,497,400 RMB against two companies for breach of contract[69]. - The company has maintained a good integrity status during the reporting period, with no significant debts or court judgments unfulfilled[71]. - The company has not reported any non-compliance issues or penalties during the reporting period[71]. Financing Activities - The company secured financing approval of 7.428 billion RMB, with 4.535 billion RMB received during the reporting period[29]. - The company has applied for a total of up to RMB 1.5 billion in entrusted loans from financial institutions, with a borrowing balance of RMB 1.211 billion as of the end of the reporting period[75]. - The annual interest rate for the entrusted loans is 8.7%, with a loan term not exceeding 30 months[75]. - The total amount of guarantees provided by the company, excluding guarantees to subsidiaries, is RMB 731.31 million, accounting for 162.47% of the company's net assets[77]. - The company has issued a total of RMB 5 billion in targeted debt financing tools with a maturity of 3 years and an interest rate of 7.98%[81]. Environmental and Social Responsibility - The company actively promotes waste classification in residential areas, setting up centralized disposal points and implementing four-category waste classification standards[61]. - The company has adopted BIM technology to reduce design changes and rework, and introduced new materials and technologies to save construction resources[61]. - The company has implemented measures to reduce carbon emissions, including energy-saving practices in office areas and promoting public transportation for employees[62]. - The company is committed to supporting rural revitalization efforts and has provided assistance to specific villages during the reporting period[64].