2016 年半年度报告 公司代码：600696 公司简称：匹凸匹 匹凸匹金融信息服务（上海）股份有限公司 2016 年半年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 | 第一节 | 释义 3 | | --- | --- | | 第二节 | 公司简介 3 | | 第三节 | 会计数据和财务指标摘要 4 | | 第四节 | 董事会报告 7 | | 第五节 | 重要事项 12 | | 第六节 | 股份变动及股东情况 19 | | 第七节 | 优先股相关情况 22 | | 第八节 | 董事、监事、高级管理人员情况 22 | | 第九节 | 公司债券相关情况 24 | | 第十节 | 财务报告 25 | | 第十一节 | 备查文件目录 112 | 不适用 六、 前瞻性陈述的风险声明 本半年度报告涉及未来计划等前瞻性陈述的，不构成公司对投资者的实质承诺，请投资者注意投 资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 九、 其他 无 1 / 112 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或 ...

Financial Performance - Net profit attributable to shareholders was CNY -12,828,928.01, a decrease of 13.98% year-on-year[6] - Basic and diluted earnings per share were both CNY -0.05, representing a 66.67% increase in losses compared to the previous year[6] - The weighted average return on net assets was -3.73%, worsening from -1.91% year-on-year[6] - The company reported a decrease in net assets attributable to shareholders by 3.67% to CNY 485,728,461.05 compared to the end of the previous year[6] - The total comprehensive income attributable to the parent company was -¥18,485,277.08, compared to -¥11,255,796.69 in the previous period, indicating a decline of approximately 64.3%[29] - The net profit for the first quarter was -¥14,285,346.69, which is a significant increase in loss compared to -¥7,976,715.91 in the same period last year, reflecting an increase in loss of approximately 79.0%[31] - The operating profit (loss) for the period was -¥10,630,849.86, compared to -¥7,976,715.91 in the previous year, representing a decline of about 33.0%[31] Cash Flow - Operating cash flow showed a significant decline, with a net cash flow of CNY -55,346,333.14, an increase of 270.62% in losses compared to the same period last year[6] - The cash flow from operating activities showed a net outflow of -¥55,346,333.14, worsening from -¥14,933,564.63 in the previous period, indicating a decline of approximately 270.0%[32] - The company reported cash inflows from operating activities of ¥28,202,365.54, down from ¥312,680,587.68 in the previous period, a decrease of about 91.0%[32] - The cash outflow for operating activities totaled ¥83,548,698.68, compared to ¥327,614,152.31 in the previous year, a decrease of approximately 74.5%[32] - The ending balance of cash and cash equivalents was $11,713,740.29, down from an initial balance of $40,899,691.16, indicating a decrease of approximately 71.3%[37] - The net increase in cash and cash equivalents was -$29,185,950.87, reflecting a substantial decline in liquidity[37] Assets and Liabilities - Total assets decreased by 7.64% to CNY 1,266,398,352.79 compared to the end of the previous year[6] - The company's total assets decreased from CNY 1,371,209,557.70 at the beginning of the year to CNY 1,266,398,352.79 by the end of Q1 2016[22] - Total liabilities decreased from CNY 785,945,553.93 to CNY 704,250,922.03 during the same period[22] - The total equity attributable to shareholders decreased from CNY 504,213,738.13 to CNY 485,728,461.05[22] - Current assets increased to CNY 572,210,160.23 from CNY 372,923,892.31 year-on-year[24] - The company reported an increase in other receivables to CNY 560,130,387.89 from CNY 331,883,135.85[24] - The company’s expected liabilities rose significantly to CNY 29,799,565.57 from CNY 95,841,835.52[22] Operational Efficiency - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[6] - Management expenses increased to ¥10,635,475.38 from ¥7,976,131.42, marking an increase of approximately 33.0% year-over-year[30] - The company’s management expenses increased by 28.68% compared to the same period last year, mainly due to rising rental and labor costs[17] - Sales expenses decreased by 82.94% compared to the same period last year, primarily due to reduced advertising and promotional expenses by the subsidiary Jingmen Hantong Real Estate Co., Ltd.[14] Revenue - Revenue for the period was CNY 34,286.00, a significant increase from CNY -85.00 in the previous year[6] - Total revenue for Q1 2016 was CNY 34,286, compared to a loss of CNY 85 in the previous period[28] - Total operating costs increased to CNY 14,730,148.31 from CNY 11,677,286.13 year-on-year[28] - Net loss for Q1 2016 was CNY 23,116,573.01, compared to a net loss of CNY 11,677,371.13 in the same period last year[28] Shareholder Information - The total number of shareholders reached 65,893, with the largest shareholder holding 20,000,000 shares, accounting for 5.87% of total shares[12] Asset Management - Accounts receivable decreased by 60.00% compared to the beginning of the period, primarily due to collections during the reporting period[14] - Prepaid expenses increased by 256.67% compared to the beginning of the period, mainly due to payments made by the subsidiary Jingmen Hantong Real Estate Co., Ltd. for project costs[14] - Fixed assets decreased by 39.31% compared to the beginning of the period, primarily due to the disposal of fixed assets during the reporting period[14] - Long-term deferred expenses decreased by 50.00% compared to the beginning of the period, mainly due to the amortization of renovation costs[14]

Financial Performance - The company reported a net profit attributable to shareholders of -102,424,915.40 RMB for 2015, a decrease of 244.11% compared to the previous year[3]. - Operating revenue for 2015 was 21,045,810.00 RMB, representing a 109.45% increase from 10,048,308.00 RMB in 2014[18]. - The net profit attributable to shareholders for Q4 2015 was CNY -66,012,583.94, with a total of CNY -140,850,673.62 in net cash flow from operating activities for the year[22]. - Basic earnings per share (EPS) decreased by 243.54% to CNY -0.30 compared to CNY 0.209 in the previous year[20]. - The weighted average return on equity (ROE) dropped by 31.51 percentage points to -18.82% from 12.69% in the previous year[20]. - The company reported a net loss of approximately RMB 102.42 million in 2015, with no cash dividends distributed since 2008 due to cash flow constraints[61][62]. - The total comprehensive income for 2015 was a loss of CNY 168,041,305.55, compared to a comprehensive income of CNY 69,697,183.78 in the previous year[161]. - The company reported an operating profit loss of CNY 78,071,888.74, contrasting with an operating profit of CNY 82,528,266.72 in the previous year[160]. Assets and Liabilities - The company's total assets at the end of 2015 were 1,371,209,557.70 RMB, a decrease of 1.86% from 1,397,200,032.64 RMB at the end of 2014[19]. - The total liabilities increased to CNY 785,945,553.93 from CNY 743,894,723.32, representing an increase of approximately 5.67%[155]. - The owner's equity decreased to CNY 585,264,003.77 from CNY 653,305,309.32, showing a decline of about 10.42%[156]. - Cash and cash equivalents increased by 338.93% to ¥144,895,501.42, primarily due to investments and land acquisition[48]. - The company's inventory increased to CNY 1,163,797,318.78 from CNY 1,038,859,145.63, reflecting a growth of about 12.00%[154]. - The accounts payable rose to CNY 127,923,238.92 from CNY 70,533,744.37, indicating an increase of approximately 81.36%[155]. Cash Flow - The cash flow from operating activities was -218,481,052.67 RMB, worsening from -131,104,304.86 RMB in the previous year[18]. - The net cash flow from operating activities was negative at CNY -218,481,052.67, worsening by 66.65% compared to the previous year[39]. - Total cash inflow from investment activities was 226,453,455.55 RMB, while cash outflow was 13,261,271.53 RMB, resulting in a net cash flow of 213,192,184.02 RMB from investments[166]. - The net cash flow from financing activities was 117,668,286.00 RMB, a significant improvement from -68,564,911.12 RMB in the previous year, reflecting better capital management[167]. Business Strategy and Operations - The company plans to allocate undistributed profits to support real estate and internet finance projects, seeking suitable investment directions[3]. - The company is transitioning towards a dual-business model focusing on real estate and financial services, with plans to optimize and adjust its industrial structure[29]. - The company aims to enhance its investment and research in emerging industries, particularly in financial information services[29]. - The company plans to gradually shift focus from real estate to financial services, aiming for sustainable development and better returns for investors[55]. - The company is exploring beneficial breakthroughs in internet finance, including P2P lending and crowdfunding, although these initiatives are still in the research and development phase[36]. Risks and Challenges - The company faces risks including policy risk, project concentration risk, financial risk, and real estate price fluctuation risk[6]. - The real estate market in China is expected to remain challenging in 2016, with a focus on first and second-tier cities for better performance[54]. - The company is currently facing risks related to policy changes in the real estate sector, which may impact funding and project development[57][58]. - The only ongoing project is the Jingmen Hantong Chutian City project, indicating a risk of project singularity and insufficient land reserves[57]. Governance and Management - The report includes a standard unqualified audit opinion from Zhongxi CPA[2]. - The company has established independent operations and governance, ensuring no interference from the controlling shareholder in decision-making and financial activities[136]. - The company has committed to improving its governance structure and internal controls to enhance operational standards and restore investor confidence[137]. - The company has implemented a high-level management incentive mechanism, with annual salaries including basic compensation and performance-based rewards[146]. - The company has a diverse management team with extensive experience in finance and investment, including positions in major financial institutions and investment firms[117]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,211, a decrease from 65,827 at the end of the previous month[91]. - The top ten shareholders collectively held 9.981% of the company's shares, with the largest shareholder, Pitu Pitu (China) Co., Ltd., holding 20,000,000 shares, accounting for 5.87%[94]. - The company has no existing preferred shareholders with restored voting rights[95]. - The largest shareholder group, including Shanghai Wuniu Investment Fund Management Co., Ltd., holds a total of 30,001,991 shares, representing 8.80% of the total share capital[95]. Compliance and Legal Matters - The company has been penalized by the China Securities Regulatory Commission for failing to disclose significant external guarantees and lawsuits, resulting in fines totaling 400,000 RMB[127]. - The company accepted financial assistance of RMB 40 million from its controlling shareholder, which was fully repaid by December 28, 2015[78]. - The company was ordered to correct its disclosures and fined RMB 400,000 for failing to disclose significant external guarantees in its 2013 annual report[72].

Financial Performance - Operating revenue for the first nine months was CNY -6,744.00, a decrease of 100.067% year-on-year[6] - Net profit attributable to shareholders was CNY -35,124,032.96, representing a decline of 647.97% compared to the same period last year[7] - Basic and diluted earnings per share were both CNY -0.1069, a decrease of 663.57% year-on-year[7] - The company's total revenue for the first nine months of 2015 was CNY 9,991,273.00, compared to CNY 23,122,094.69 for the same period in the previous year, representing a decrease of approximately 56.7%[26] - The total profit (loss) for the first nine months of 2015 was -34,972,604.37 RMB, compared to -2,077,312.01 RMB in the same period last year, indicating a decline of 1,584.5%[30] - The net loss for Q3 2015 was CNY 12,430,235.91, compared to a profit of CNY 6,135,005.16 in the same quarter of the previous year, marking a significant downturn[26] - The total profit (loss) for Q3 2015 was -13,490,760.66 RMB, compared to a profit of 6,258,515.45 RMB in the same period last year, representing a decline of 315.5%[27] Cash Flow - The net cash flow from operating activities for the first nine months was CNY -77,630,379.05, compared to CNY -360,310.43 in the same period last year[6] - Cash inflow from operating activities for the year-to-date period (January to September) was CNY 472,309,180.43, a decrease of 35.4% compared to CNY 731,651,440.05 in the same period last year[32] - Net cash outflow from operating activities was CNY -77,630,379.05, compared to CNY -360,310.43 in the previous year, indicating a significant increase in cash outflow[32] - Cash inflow from investment activities was CNY 92,877,235.57, a substantial increase from CNY 3,526,400.00 in the same period last year[33] - Net cash flow from investment activities was CNY 84,160,821.89, compared to CNY 3,117,901.00 in the previous year, reflecting a strong performance in this segment[33] - Cash outflow from financing activities totaled CNY 9,331,714.00, compared to CNY 564,911.12 in the previous year, indicating increased financial obligations[33] - The net increase in cash and cash equivalents was CNY -2,801,271.16, contrasting with a net increase of CNY 2,192,679.45 in the same period last year[33] - The ending balance of cash and cash equivalents was CNY 24,116,928.00, down from CNY 36,637,385.67 at the end of the previous year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,342,199,857.62, a decrease of 3.93% compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 6.10% to CNY 559,176,996.52 compared to the end of the previous year[6] - Total liabilities decreased from CNY 743,894,723.32 at the beginning of the year to CNY 726,627,048.09 by the end of Q3 2015, a reduction of approximately 2.4%[21] - The company's total current liabilities decreased from CNY 741,604,639.32 at the beginning of the year to CNY 725,841,590.99 by the end of Q3 2015, a decrease of about 2.1%[21] - The estimated liabilities decreased from CNY 2,290,084.00 at the beginning of the year to CNY 785,457.10 by the end of Q3 2015, a reduction of approximately 65.7%[21] - Accounts receivable decreased by 89.91% compared to the beginning of the period, mainly due to the recovery of sales payments[13] - Prepayments increased by 77.43% compared to the beginning of the period, primarily due to payments made by a subsidiary for project costs[13] - Other receivables decreased by 87.99% compared to the beginning of the period, mainly due to a reduction in the scope of consolidation[13] - Fixed assets increased by 29.16% compared to the beginning of the period, mainly due to the acquisition of fixed assets[13] - Other current assets increased by 33.98% compared to the beginning of the period, primarily due to an increase in prepaid taxes[13] Shareholder Information - The total number of shareholders at the end of the reporting period was 65,143[11] - The top ten shareholders held a total of 56,000,000 shares, accounting for 16.36% of the total shares[11] Management and Expenses - Management expenses increased by 182.48% compared to the same period last year, mainly due to rising rental and other daily expenses[15] - Management expenses for Q3 2015 were 10,934,469.83 RMB, an increase of 243.5% compared to 3,186,463.12 RMB in the same period last year[29] - Operating costs decreased by 100.00% in line with the drop in operating revenue[14] - Investment income decreased by 76.51% compared to the same period last year, primarily due to a decline in profits from an associated company[15] - The company reported non-operating income and expenses of CNY -1,060,524.75 for the first nine months[9] Other Information - The company has not disclosed any new product or technology developments, market expansion, or acquisition strategies in this report[6] - The cash flow statement for the first nine months of 2015 indicates that the company has not generated any operating revenue[31] - Operating revenue decreased by 100.00% compared to the same period last year, primarily due to a decline in sales revenue from a subsidiary[14]

Financial Performance - The company's operating revenue for the first half of 2015 was -3,585.00 RMB, compared to 9,999,249.00 RMB in the same period last year, indicating a significant decline[18]. - The net profit attributable to shareholders for the first half of 2015 was -23,401,157.43 RMB, compared to -11,399,897.60 RMB in the previous year, reflecting worsening financial performance[18]. - The net cash flow from operating activities was -45,532,907.81 RMB, a stark contrast to 10,029,257.48 RMB in the same period last year[18]. - The basic earnings per share for the first half of 2015 was -0.069 RMB, compared to -0.033 RMB in the same period last year[19]. - The weighted average return on net assets was -4.01%, worsening from -2.197% in the previous year[19]. - The net profit for the first half of 2015 was -24,241,739.13, compared to -11,955,460.55 in the previous year, indicating a worsening financial performance[92]. - The total comprehensive loss for the period was CNY -23,156,078.30, compared to a comprehensive income of CNY 10,103,584.66 in the same period last year[95]. Assets and Liabilities - The total assets at the end of the reporting period were 1,354,347,654.22 RMB, down 3.07% from the previous year-end[18]. - The total assets amounted to 629,498,455.33, while total liabilities were 57,135,222.85, resulting in total equity of 572,363,232.48[89]. - Total assets decreased to ¥1,354,347,654.22 from ¥1,397,200,032.64, showing a decline of about 3.1%[84]. - Total liabilities decreased to ¥725,284,084.03 from ¥743,894,723.32, indicating a reduction of approximately 2.5%[85]. - The company's total equity decreased to ¥629,063,570.19 from ¥653,305,309.32, reflecting a decline of about 3.7%[85]. Investments and Projects - The company’s subsidiary, Jingmen Hantong, is developing the "Hantong·Chutian City" project with a planned total investment of 2 billion RMB, covering an area of 1480.37 acres[39]. - The company completed the sale of its 100% stake in Shenzhen Kosewei Fund Management Co., Ltd. for CNY 115 million on April 27, 2015, receiving the full payment by June 24, 2015[46]. - The non-raising fund project in Hubei Jingmen has an investment amount of CNY 1.2 billion, with 74.56% of the project completed and a total actual investment of CNY 894,716,021.24, resulting in a loss of CNY 14,108,243.15[49]. Governance and Management - The company maintains an independent governance structure, ensuring no interference from the controlling shareholder in decision-making and operations[66]. - The board of directors consists of 5 members, including 2 independent directors, and has established four specialized committees[66]. - The company has implemented a comprehensive information disclosure system to ensure timely and accurate reporting[67]. - The company has not reported any significant discrepancies between its governance practices and the requirements of the Company Law and the China Securities Regulatory Commission[68]. - The company will continue to improve its governance and internal controls to enhance transparency and governance levels[67]. Cash Flow and Financial Activities - The company's cash and cash equivalents increased to ¥64,454,290.81 from ¥33,011,082.73, representing a growth of approximately 95.5%[83]. - The company generated CNY 461,107,866.15 in cash inflows from operating activities, compared to CNY 194,228,298.55 in the prior year, indicating a growth of approximately 137.5%[98]. - Cash outflows from operating activities totaled CNY 506,640,773.96, up from CNY 184,199,041.07 in the previous year, reflecting an increase of about 175.5%[98]. - The company incurred cash outflows of CNY 9,181,714.00 from financing activities, compared to CNY 365,000.00 in the previous year, indicating a larger cash outflow[99]. Shareholder Information - The company has a total of 43,812 shareholders as of the end of the reporting period[71]. - The top ten shareholders include Multi-Run Investment (Hong Kong) Limited with 20,000,000 shares (5.87%) and Fangzheng Dongya Trust Co., Ltd. with 15,455,111 shares (4.54%)[73]. Changes in Leadership - The company appointed new executives, including a new financial director and general manager, indicating a shift in leadership[79]. - The company reported no changes in the shareholding of directors, supervisors, and senior management during the reporting period[78]. Financial Reporting and Compliance - The report period's financial statements were not audited, and the company guarantees the accuracy and completeness of the report[3]. - The financial report was approved by the board of directors on July 29, 2015[118]. - The company has not made any adjustments for prior period errors or changes in accounting policies in the current report[107]. Strategic Direction - The company is transitioning towards a financial services model, gradually reducing its reliance on real estate development[31]. - The company plans to explore various financial products, including equity crowdfunding and P2P lending, as part of its new strategy[38].

Financial Performance - Net profit attributable to shareholders decreased by 6,777.01% to CNY -11,255,796.69 compared to the same period last year[6] - Operating revenue dropped by 100% to CNY -85.00 compared to the previous year[6] - Cash flow from operating activities decreased by 127.47% to CNY -14,933,564.63 compared to the same period last year[6] - The company expects a cumulative net profit for the first half of the year to be negative due to the sluggish real estate market and financing difficulties[16] - The total revenue for Q1 2015 was -85.00, a significant decrease from 10,003,000.00 in the previous period[28] - The net profit for Q1 2015 was -11,677,371.13, a decline from a profit of 237,266.10 in the previous period[28] - The net profit attributable to the parent company's shareholders was -11,255,796.69, compared to 168,575.32 in the previous period[28] - The company reported a net loss of CNY 7,976,715.91 for Q1 2015, compared to a net profit of CNY 8,296.83 in the same period last year[31] - The total comprehensive income for the period was CNY -7,976,715.91, reflecting a decline from CNY 8,296.83 in Q1 2014[31] Assets and Liabilities - Total assets increased by 22.51% to CNY 1,711,779,131.60 compared to the end of the previous year[6] - Total liabilities increased from CNY 743.89 million at the beginning of the year to CNY 1.07 billion at the end of the period[20] - Total assets rose from CNY 1.40 billion at the beginning of the year to CNY 1.71 billion at the end of the period[20] - The total assets as of Q1 2015 amounted to 845,669,801.69, an increase from 659,123,794.78 in the previous period[24] - The total liabilities for Q1 2015 were 258,127,206.82, up from 63,604,484.00 in the previous period[24] - The total equity for Q1 2015 was 587,542,594.87, slightly down from 595,519,310.78 in the previous period[24] Cash Flow and Investments - Cash and cash equivalents decreased by 49.22% compared to the beginning of the year due to increased prepayments for engineering[10] - Cash received from sales of goods and services dropped by 90.53% compared to the same period last year, due to decreased operating revenue and reduced collections[11] - Cash paid for purchasing goods and services increased by 156.19% year-on-year, mainly due to an increase in prepaid project payments[11] - Cash paid for fixed assets, intangible assets, and other long-term assets increased by 2234.04% year-on-year, primarily due to increased equipment purchases[12] - Operating cash flow for the company was negative at CNY -14,933,564.63, a significant decline from CNY 54,368,489.91 in Q1 2014[34] - The company generated CNY 312,680,587.68 in cash inflows from operating activities, a decrease from CNY 98,677,303.61 in the previous year[34] - Cash outflows from operating activities totaled CNY 327,614,152.31, compared to CNY 44,308,813.70 in the same quarter last year[34] - The company invested CNY 1,167,020.00 in fixed assets during the quarter, up from CNY 50,000.00 in Q1 2014[37] - The company’s cash flow from investing activities was negative at CNY -1,167,020.00, compared to a positive cash flow of CNY 100,000.00 in the previous year[37] Expenses - Sales expenses increased by 46.09% year-on-year, attributed to an increase in sales personnel in Shenzhen[11] - Management expenses surged by 167.55% compared to the previous year, mainly due to an increase in management staff[11] - Financial expenses decreased by 98.66% year-on-year, primarily due to reduced interest expenses[11] - The company experienced a substantial increase in management expenses, which reached 9,959,001.98 compared to 3,722,268.85 in the previous period[28] Shareholder Information - The number of shareholders reached 26,430 at the end of the reporting period[8] - The basic and diluted earnings per share for Q1 2015 were both -0.0331, compared to 0.0005 in the previous period[29] - The company’s basic and diluted earnings per share were both CNY -0.02342, compared to CNY 0.00002 in the same quarter last year[31] Real Estate Development - The company has no real estate development projects currently, with a total planned investment of CNY 2 billion for the "Hantong·Chutian City" project[9] - The average contract sales price for the current period was CNY 3,855 per square meter[9] - The company's operating revenue decreased by 100.00% compared to the same period last year, primarily due to a decline in real estate sales revenue[11]

Financial Performance - In 2014, the company achieved a net profit attributable to shareholders of 71,076,300.66 RMB, a significant increase of 705.10% compared to the previous year[4]. - The company's operating revenue for 2014 was 10,048,308.00 RMB, reflecting a decrease of 90.85% from 2013[24]. - The net cash flow from operating activities was -131,104,304.86 RMB, a decline of 488.20% compared to the previous year[24]. - Basic earnings per share increased by 703.85% to CNY 0.209 from CNY 0.026 in the previous year[26]. - Weighted average return on equity rose by 10.99 percentage points to 12.69% from 1.7% in the previous year[26]. - The company reported a net cash flow from investment activities of CNY 196,417,089.01, a significant increase from a net outflow of CNY 4,902,255.00 in the previous year[36]. - Total revenue for the year decreased by 90.85% to CNY 10,048,308.00 from CNY 109,844,532.00 in the previous year[36]. - Non-recurring gains and losses for the year totaled CNY 52,252,680.59, compared to a loss of CNY 689,850.24 in the previous year[29]. - The company reported a net profit of CNY 71,076,300.66 for the year 2014, with no cash dividends proposed[77]. Assets and Liabilities - The total assets of the company at the end of 2014 were 1,397,200,032.64 RMB, an increase of 30.92% from the end of 2013[24]. - The net assets attributable to shareholders at the end of 2014 were 595,589,327.98 RMB, up 13.55% from the end of 2013[24]. - The company's total liabilities increased significantly, with accounts payable rising by 948.28% to CNY 70,533,744[57]. - The total current liabilities increased to 741,604,639.32 RMB from 482,510,934.76 RMB[152]. - The company's cash and cash equivalents decreased to 33,011,082.73 RMB from 34,444,706.22 RMB[151]. - Accounts receivable showed a significant decrease to 444,035.20 RMB from 40,867,383.24 RMB[151]. - Inventory increased to 1,038,859,145.63 RMB from 821,161,025.11 RMB, indicating a growth in stock levels[151]. - The total equity attributable to the parent company at the end of the period was 653,305,309.32, reflecting a stable equity position despite operational challenges[172]. Strategic Direction - The company plans to retain all profits from 2014 to support new project investments, particularly in real estate and internet finance[4]. - The company plans to gradually transition to a business model focused primarily on financial services, moving away from real estate development[32]. - The company is gradually transitioning towards financial services as part of its strategic development plan[50]. - The company plans to gradually reduce its investment in the real estate sector and focus on establishing a financial services subsidiary to drive sustainable development[63][64]. - The company is exploring various financial services, including internet finance and investment management, through a new subsidiary in Shenzhen[65]. Project Developments - The total investment planned for the "Hantong Chutian City" project is CNY 2 billion, covering an area of 1480.37 acres[32]. - The average contract sales price per square meter for the current period was CNY 3,855, with a total sales area of 2.80 million square meters[33]. - The company experienced a significant decline in sales due to a sluggish real estate market, particularly in second and third-tier cities[37]. - The total operating cost for the "Chutian City" project was CNY 5,817,113, reflecting a significant decrease of 93.24% year-on-year[44]. - The company aims to enhance marketing efforts for the "Hantong Chutian City" project to accelerate sales and recover funds quickly[65]. Corporate Governance - The company has received a qualified audit opinion from Zhongxi CPA, which has been explained in detail by the board of directors[3]. - The company has taken corrective measures to address internal control deficiencies and improve management practices following a non-standard audit report[69][73]. - The company has implemented a comprehensive internal control system, with major management policies in place[136]. - The board and supervisory committee operate independently from the controlling shareholder, ensuring no interference in decision-making[4]. - The company has a dedicated board secretary responsible for information disclosure, ensuring transparency and compliance with regulations[128]. Shareholder Information - The total number of shareholders at the end of the reporting period was 25,653, down from 28,628 prior to the report[97]. - The largest shareholder, Duolun Investment (Hong Kong) Co., Ltd., reduced its holdings by 20 million shares, holding 20 million shares at the end of the period, representing 5.87% of total shares[99]. - The company has not disclosed any related party relationships or concerted actions among its shareholders[100]. - The total remuneration for the directors and senior management during the reporting period amounted to approximately RMB 60.75 million[109]. Employee and Management Information - The company reported a total of 134 employees, with 38 in the parent company and 96 in major subsidiaries[118]. - The company has a training plan that includes onboarding for new employees and job-specific training for current employees[120]. - The core technology team remained unchanged during the reporting period, indicating stability in key personnel[116]. - The company implemented a monthly fixed salary combined with annual performance assessments as its compensation policy[119]. Compliance and Regulatory Matters - The company has confirmed that there are no significant factors affecting its ability to continue as a going concern for the next 12 months[186]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial reports accurately reflect its financial status and operational results[187]. - The company has disclosed an internal control self-assessment report, indicating compliance with regulatory requirements[139]. - The company is currently cooperating with legal counsel to address inquiries from the Shanghai Stock Exchange[90].

上海多伦实业股份有限公司 2014 年第三季度报告 上海多伦实业股份有限公司 2014 年第三季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司主要财务数据和股东变化 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 上海多伦实业股份有限公司 2014 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员应当保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人鲜言、主管会计工作负责人恽燕桦及会计机构负责人（会计主管人员）恽燕桦保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | | | --- | --- | --- | --- | --- | --- | --- | | | | | | (%) | | | ...

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 9,999,249, a decrease of 79.59% compared to CNY 48,995,711 in the same period last year[23]. - The net profit attributable to shareholders was a loss of CNY 11,399,897.60, compared to a profit of CNY 23,251,602.83 in the previous year, indicating a significant decline in performance[23]. - The basic earnings per share for the first half of 2014 was -0.033 CNY, down from 0.068 CNY in the same period last year[21]. - The weighted average return on net assets was -2.197% for the first half of 2014, down from 4.409% in the same period last year[21]. - The company reported a loss of CNY 185.19 in the first half of 2014[36]. - The company reported a total comprehensive loss of -¥11,955,460.55 compared to a comprehensive income of ¥23,778,372.69 in the previous period[72]. - The net profit for the current period is -¥11,399,897.60, indicating a loss compared to the previous period's profit[80]. - The net profit for the first half of 2014 was a loss of CNY 10,103,584.05, compared to a profit of CNY 22,022,473.17 in the same period of 2013, indicating a significant decline in profitability[89]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of CNY 10,029,257.48, a recovery from a negative cash flow of CNY -14,098,259.02 in the previous year[23]. - Cash flow from operating activities generated a net inflow of ¥10,029,257.48, a recovery from a net outflow of -¥14,098,259.02 in the previous period[76]. - Cash and cash equivalents at the end of the period increased to ¥44,376,264.70 from ¥29,747,616.24, showing a positive cash position[76]. - The total cash and cash equivalents at the end of the period increased to ¥28,004,979.83 from ¥19,593,029.97 in the previous period, representing a 42.51% increase[78]. - The company's cash and cash equivalents at the end of the reporting period are 44,376,264.70 RMB, up from 34,444,706.22 RMB at the beginning of the period[64]. Assets and Liabilities - The total assets increased by 10.93% to CNY 1,162,704,555.67 compared to CNY 1,048,097,709.82 at the end of the previous year[23]. - The total liabilities increased from CNY 483,584,352.09 at the beginning of the year to CNY 591,051,890.68 at the end of the period, representing an increase of approximately 22.3%[66]. - Current liabilities rose significantly from CNY 482,510,934.76 to CNY 589,978,473.35, marking an increase of about 22.3%[66]. - The total equity decreased from CNY 583,608,125.54 to CNY 571,652,664.99, a decline of about 2.4%[66]. - The company's total current assets at the end of the reporting period amount to 1,045,350,218.49 RMB, an increase from 944,731,395.04 RMB at the beginning of the period[64]. Project Development and Sales - The company plans to accelerate the development and sales of its key project "Hantong Chutian City" in the second half of the year[26]. - The saleable area of "Hantong Chutian City" A and B was 115,711.23 square meters, with 88.39% sold, while the pre-sale area for Group C and D reached 69,602 square meters, achieving 62.30%[25]. - The subsidiary Nanchang Pinghai Real Estate Development Co., Ltd. has completed 100% of construction and 76% of project completion for the "Residential Theme Park" project[35]. - The total investment for the "Residential Theme Park" project is CNY 9,200.15, with 91% of sales achieved[38]. - The subsidiary Jingmen Hantong Real Estate Co., Ltd. has sold 88.39% of the available area in the "Hantong Chutian City" project[36]. Shareholder Information - The total number of shareholders at the end of the reporting period is 34,844[52]. - The largest shareholder, Dulon Investment (Hong Kong), holds 5.87% of shares, totaling 20,000,000 shares, which decreased by 20,000,000 shares during the reporting period[52]. - The second-largest shareholder, China Resources Shen Guo Investment Trust, holds 4.88% of shares, totaling 16,615,182 shares, with no change during the reporting period[52]. Management and Expenses - The company reported a decrease in management expenses by 60.40% to CNY 8,444,267.19 compared to CNY 5,264,473.94 in the previous year[27]. - Management expenses rose to ¥8,444,267.19 from ¥5,264,473.94, reflecting increased operational costs[72]. Accounting and Financial Reporting - The financial statements are prepared in accordance with Chinese accounting standards, ensuring compliance and transparency in financial reporting[94]. - The company follows the accounting treatment for business combinations under common control, measuring assets and liabilities at the book value of the acquired entity on the merger date[97]. - The company prepares consolidated financial statements based on control, including the financial statements of subsidiaries and eliminating internal transactions[102]. - The company recognizes rental income from operating leases on a straight-line basis over the lease term[154]. - The company does not report any changes in accounting policies or estimates for the current period[156]. Market and Strategic Outlook - The company aims to consider acquiring new projects and investing in the financial services industry as part of its diversification strategy[26]. - The company is assessing potential competitive actions from current or future competitors in the market[144]. - Future development trends and market demand for products produced from internal assets are being closely monitored[144].

Financial Performance - Operating income fell by 66.43% to CNY 10,003,000.00 year-on-year[9] - Net profit attributable to shareholders decreased by 98.65% to CNY 168,575.32 compared to the same period last year[9] - Total operating revenue decreased to ¥10,003,000 from ¥29,800,701, representing a decline of approximately 66.5% year-over-year[27] - Net profit for the period was ¥237,266.10, down from ¥14,210,921.48, indicating a decline of approximately 98.3% year-over-year[27] - Basic and diluted earnings per share decreased to ¥0.0005 from ¥0.0366, reflecting a significant drop of approximately 98.6% year-over-year[27] Cash Flow - Net cash flow from operating activities increased by 185.94% to CNY 54,368,489.91 year-to-date[9] - Cash flow from operating activities increased to ¥54,368,489.91 from ¥19,013,630.20, showing an increase of approximately 186.5% year-over-year[34] - Net cash flow from operating activities was -$13,391,454.05, worsening from -$4,023,411.14 in the prior period[38] - The net increase in cash and cash equivalents was -$13,441,454.05, compared to -$5,194,339.14 in the previous period, indicating a worsening cash position[38] - The ending balance of cash and cash equivalents was $8,881,156.98, up from $2,229,508.54 in the prior period, reflecting an increase of approximately 298%[38] Assets and Liabilities - Total assets decreased by 0.95% to CNY 1,057,029,482.07 compared to the end of the previous year[9] - Total assets decreased from CNY 1,067,192,477.63 at the beginning of the year to CNY 1,057,029,482.07 at the end of the period, a decline of approximately 1.09%[19] - Current assets totaled CNY 932,687,689.92, down from CNY 944,731,395.04, representing a decrease of about 1.93%[19] - Total liabilities decreased from CNY 483,584,352.09 to CNY 473,184,090.43, a reduction of approximately 2.91%[20] - Current liabilities totaled CNY 472,110,673.10, down from CNY 482,510,934.76, representing a decrease of about 2.92%[20] Shareholder Information - The number of shareholders reached 43,028 at the end of the reporting period[12] - Shareholders' equity increased slightly from CNY 583,608,125.54 to CNY 583,845,391.64, an increase of approximately 0.04%[20] - The company reported a net profit of CNY 129,724,379.99, up from CNY 129,555,804.67, indicating a growth of about 0.13% in retained earnings[20] Expenses - Management expenses rose by 106.60% due to increased leasing and other daily expenses[15] - Financial expenses surged by 4817.27% due to cash management service fees charged by a subsidiary[15] - Selling expenses decreased to ¥1,172,694.31 from ¥1,631,374.75, a reduction of about 28.0% year-over-year[27] - Management expenses increased significantly to ¥3,722,268.85 from ¥1,801,684.26, an increase of approximately 106.5% year-over-year[27] Investment Income - Investment income decreased by 73.59% due to a decline in profits from an associated company[15] - Investment income for the period was ¥2,520,825.19, down from ¥9,544,622.76, a decrease of approximately 73.6% year-over-year[30] Cash Management - The company’s cash flow management strategies will be critical in addressing the negative cash flow from operating activities moving forward[38]