Financial Performance - The company's operating revenue for Q1 2023 was ¥215,754,310.29, representing a decrease of 55.58% compared to the same period last year[3] - The net profit attributable to shareholders was ¥40,675,130.70, down 38.73% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 64.12% to ¥35,151,315.38[3] - Basic and diluted earnings per share were both ¥0.0435, reflecting a decline of 38.65% compared to the previous year[3] - Total operating revenue for Q1 2023 was ¥215,754,310.29, a decrease of 55.6% compared to ¥485,669,516.82 in Q1 2022[14] - Net profit for Q1 2023 was ¥40,675,130.70, a decline of 38.8% from ¥66,387,877.68 in Q1 2022[15] - Comprehensive income for Q1 2023 totaled ¥150,466,931.70, compared to a loss of ¥154,502,769.57 in Q1 2022[16] - Basic and diluted earnings per share for Q1 2023 were both ¥0.0435, down from ¥0.0709 in Q1 2022[16] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥124,068,684.87, indicating a significant cash outflow[3] - Cash inflow from operating activities in Q1 2023 was ¥109,829,509.61, an increase from ¥90,551,317.24 in Q1 2022[18] - The net cash flow from operating activities was -$124.07 million, compared to -$162.99 million in the previous year, showing an improvement of approximately 23.9%[19] - The total cash and cash equivalents at the end of the period were $646.55 million, down from $1.69 billion at the end of the previous year, representing a decrease of approximately 61.7%[20] - The net cash increase for the period was -$325.33 million, compared to -$153.35 million in the previous year, indicating a worsening cash position[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,011,229,543.57, a decrease of 1.57% from the end of the previous year[4] - Current assets totaled ¥5,749,407,126.94, down from ¥6,007,215,471.69, indicating a decrease of about 4.23%[11] - Cash and cash equivalents were reported at ¥656,924,005.25, a significant decrease from ¥982,244,632.79, representing a decline of approximately 33.10%[10] - The total liabilities decreased to ¥5,749,407,126.94 from ¥6,007,215,471.69, reflecting a decline of about 4.23%[11] - Non-current liabilities decreased to ¥632,569,291.86 in Q1 2023 from ¥887,837,286.83 in Q1 2022[12] - Total liabilities decreased to ¥2,741,769,107.91 in Q1 2023 from ¥3,019,874,225.75 in Q1 2022[12] - Total equity increased to ¥5,269,460,435.66 in Q1 2023 from ¥5,118,993,503.96 in Q1 2022[12] Operational Highlights - The decline in revenue was primarily due to lower delivery volumes from the Yixing project compared to the same period last year, resulting in a decrease in gross profit of approximately ¥46 million[6] - Financial expenses increased by approximately ¥17 million due to new borrowings from the parent company, impacting net profit significantly[6] - The company reported a significant reduction in accounts payable from ¥175,467,587.26 to ¥87,761,086.84, a decrease of approximately 50.00%[11] - Inventory increased to ¥4,704,434,221.92 from ¥4,676,159,157.04, showing a growth of about 0.60%[11] - Other receivables rose to ¥87,788,792.73 from ¥34,117,464.39, marking an increase of approximately 157.80%[10] Future Outlook and Strategic Developments - The company has no new product launches or technological developments mentioned in the report[10] - There are no updates on market expansion or mergers and acquisitions in the current report[10] - The report does not provide any future outlook or performance guidance for the upcoming quarters[10]

证券代码：600716 股票简称：凤凰股份 编号：临 2023—014 江苏凤凰置业投资股份有限公司 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《上市公司行业信息披露指引第二号——房地产》等要 求，现将江苏凤凰置业投资股份有限公司（以下简称"公司"或"本公司"）2023 年第一季度房地产业务主要经营数据公告如下。 一、房地产项目储备情况 2023 年 1-3 月，公司无新增房地产土地储备。上年同期无新增房地产土地储 备。 二、房地产项目开、竣工情况 2023 年 1-3 月：公司镇江和颐居项目新开工面积 5716.33 平方米。上年同期 无新开工面积。 2023 年 1-3 月：公司宜兴怡然居项目三组团竣工，竣工面积 18290.4 平方米。 上年同期无竣工面积。 2023 年 1-3 月，公司的租赁收入为 849.06 万元，较上年同期减少 18.10%。 五、公司收入情况 2023 年 1-3 月：公司营业收入为 21575.43 万元，比上年同期减 ...

重要内容提示： 一、说明会类型 公司已于2023年3月30日在《中国证券报》、《上海证券报》及上海证券交易所网 站（www.sse.com.cn）上披露了 2022年年度报告及摘要。为让广大投资者更全面深 入地了解公司经营业绩和利润分配等具体情况，公司决定以网络互动方式举行 "2022年度业绩说明会"。 证券简称：凤凰股份 证券代码：600716 编号：2023-013 江苏凤凰置业投资股份有限公司 关于召开2022年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 会议时间：2023年4月18日15:00—16:30 会议内容：江苏凤凰置业投资股份有限公司"2022年度业绩说明会" 会议召开方式：微信小程序网络互动 2、投资者于2023年4月18日下午15:00-16:30 在微信中搜索"约调研"小程序， 点击"网上说明会"，搜索"凤凰股份"即可参与交流；或使用微信扫一扫功能扫 描下方二维码，依据提示，授权登入"约调研"小程序，即可参与交流。 二、说明会召开时间和形式 召开时间：2023年4月18日 ...

Financial Performance - The company's operating revenue for 2022 was CNY 607,557,578, representing a 37.76% increase compared to CNY 441,032,200 in 2021[21]. - The net profit attributable to shareholders of the listed company was a loss of CNY 391,356,525, a significant decrease of 1,208.81% from a profit of CNY 35,295,334 in the previous year[21]. - The basic earnings per share for 2022 was -CNY 0.4181, a decrease of 1,209.02% compared to CNY 0.0377 in 2021[22]. - The company reported a net cash flow from operating activities of -CNY 2,538,149,578.83, compared to -CNY 127,182,248.91 in 2021, indicating a significant deterioration in cash flow[21]. - The weighted average return on net assets was -7.19% for 2022, a decrease of 7.8 percentage points from 0.61% in 2021[22]. - The company achieved a total sales amount of 334.61 million RMB and a sales area of 20,597.42 square meters during the reporting period[72]. - The company reported a net profit attributable to shareholders of -391,356,525.48 CNY for 2022, compared to a net profit of 35,295,334.96 CNY in 2021[131]. Assets and Liabilities - The total assets of the company at the end of 2022 were CNY 8,138,867,729.71, an increase of 3.48% from CNY 7,865,394,160.71 in 2021[21]. - Total liabilities rose to CNY 3,019,874,225.75 in 2022, compared to CNY 2,096,249,171.77 in 2021, marking an increase of around 43.96%[196]. - Current liabilities increased significantly to CNY 2,132,036,938.92 in 2022 from CNY 1,294,896,846.95 in 2021, a rise of approximately 64.55%[196]. - Long-term borrowings surged to CNY 422,337,000.00 in 2022 from CNY 200,000,000.00 in 2021, representing a growth of 111.17%[196]. - Cash and cash equivalents dropped to CNY 982,244,632.79 in 2022 from CNY 1,854,519,212.17 in 2021, a decrease of approximately 47%[195]. - Inventory increased significantly to CNY 4,676,159,157.04 in 2022 from CNY 3,026,810,027.75 in 2021, reflecting a growth of about 54.51%[195]. Market Conditions and Business Strategy - The decline in net profit was primarily due to weaker real estate market conditions and impairment provisions for projects in Zhenjiang and Taixing[23]. - The overall real estate development investment in China in 2022 was 1.32895 trillion RMB, a decrease of 10.0% year-on-year, with residential investment down by 9.5%[38]. - The company plans to continue expanding its market presence and developing new projects to improve financial performance in the coming years[32]. - The company is actively exploring the health and elderly care real estate sector, with the Yixing project serving as a pilot for this initiative[36]. - The company anticipates a recovery in housing demand as macroeconomic policies improve, which may lead to a shift in industry dynamics[93]. - The company plans to focus on the G22 project in Nanjing as a key model for its return to the market, emphasizing quality and construction progress[95]. Governance and Compliance - The company has maintained a good governance structure, holding 2 shareholder meetings and 9 board meetings during the reporting period[37]. - The company has established a robust corporate governance structure to ensure the protection of shareholder interests and compliance with legal requirements[101]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate reporting of financial information[104]. - The company has implemented measures to ensure the independence of its operations from controlling shareholders[104]. - The audit committee held 4 meetings during the reporting period, discussing key audit issues and confirming the fairness of financial statements[123]. - The company received a warning letter from the Jiangsu Securities Regulatory Bureau on March 29, 2022, regarding a failure to disclose a significant event involving a subsidiary's agreement totaling CNY 280 million[137]. Projects and Developments - The company has three ongoing projects with a total construction area of approximately 505,000 square meters, including a significant project in Nanjing with a total investment of RMB 3.5 billion[32]. - The Nanjing project is expected to start sales in Q3 and Q4 of 2023, with completion planned for May 2025[32]. - The company plans to deliver the completed multi-layer residential units of the Zhenjiang Phoenix and Yiju project by the end of 2023[33]. - The Zhenjiang Phoenix and Yiju project covers an area of 133 acres with a total construction area of approximately 225,800 square meters and a total investment of 2.05 billion RMB, with an actual investment of 175 million RMB in the current year[33]. - The Yixing Phoenix Yiranju project spans 283 acres with a total construction area of about 172,000 square meters and a total investment of 1.38 billion RMB, with an actual investment of 47.67 million RMB this year[35]. Financial Management and Risks - The company plans to enhance cash flow management and improve governance to support future operational development[95]. - The company faces risks from macroeconomic factors, policy changes, and industry dynamics that could impact sales and performance[98]. - The company has implemented a four-part risk control system involving decision-making, planning, execution, and auditing to filter and manage risks effectively[135]. - The company is required to pay a tax of CNY 23,603,688.87 due to a tax processing decision related to land use rights, with a valuation of the associated properties at CNY 786,789,629[141]. - The internal control system has been enhanced to prevent decision-making, operational, and financial risks, ensuring the safety of company assets[135].

证券代码：600716 股票简称：凤凰股份 编号：临 2023—001 江苏凤凰置业投资股份有限公司 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。 2022 年 10-12 月：公司无新增房地产土地储备。上年同期无新增土地储备。 二、房地产项目开、竣工情况 2022 年 10-12 月：公司无新开工面积。上年同期公司镇江项目新开工面积 106,099.40 平方米。 2022 年 10-12 月：公司无竣工面积。上年同期公司宜兴项目竣工面积为 22,907.00 平方米。 三、房地产项目销售情况 2022 年 10-12 月：公司商品房合同销售面积 8159.17 平方米，较上年同期增 加 146.95%；商品房合同销售金额 10129.12 万元，较上年同期增加 11.47%。本 期镇江项目首开，签约面积 4096 平方米，金额 4702.82 万元；上年同期宜兴项目 签约面积 2199 平方米，金额 8014.79 万元。 四、出租物业情况 根据上海证券交易所《上市公司行 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 70,500,903.97, representing a year-on-year increase of 170.88%[5] - The net profit attributable to shareholders of the listed company was a loss of CNY 40,838,171.18, a decrease of 223.39% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 10,699,579.98, down 43.84% year-on-year[5] - Basic and diluted earnings per share were both CNY -0.0436, a decrease of 223.16% compared to the previous year[6] - The weighted average return on equity was -0.72%, a decrease of 1.29 percentage points from the previous year[6] - The significant increase in operating revenue was primarily due to the Nantong project achieving sales growth of approximately CNY 40 million compared to the same period last year[10] - The decline in net profit was influenced by the timing of investment income recognition from Nanjing Securities and a decrease in the net value of Huaxia Fund due to market conditions[10] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,865,394,160.71, a decrease of 3.47% from the end of the previous year[6] - Total assets as of September 30, 2022, amounted to RMB 7,592,241,722.06, a decrease from RMB 7,865,394,160.71 at the end of 2021[18] - Current assets totaled RMB 5,525,311,299.98, compared to RMB 5,336,324,947.43 in the previous year, indicating a slight increase[16] - Cash and cash equivalents were reported at RMB 1,271,862,808.74, down from RMB 1,854,519,212.17 at the end of 2021, reflecting a decrease of approximately 31.2%[16] - Inventory levels increased to RMB 3,932,870,719.83 from RMB 3,026,810,027.75, representing a growth of about 30%[17] - Total liabilities were reported at RMB 2,079,545,400.58, slightly down from RMB 2,096,249,171.77 in the previous year[18] - Non-current liabilities rose to RMB 884,380,847.87 from RMB 801,352,324.82, indicating an increase of approximately 10.0%[18] - The company reported a significant increase in accounts payable, which stood at RMB 154,880,111.60, down from RMB 229,610,652.85[18] Shareholder Information - The number of shares held by the top shareholder, Jiangsu Phoenix Publishing and Media Group, was 487,883,543, representing 52.12% of total shares[14] - The company has no significant changes in the status of pledged or frozen shares among the top shareholders[14] Cash Flow and Investments - The company's cash flow from operating activities was not applicable, with a cumulative cash outflow of CNY -1,282,522,672.48 for the year[5] - The company reported a net cash outflow from operating activities of ¥1,282,522,672.48 for the first three quarters of 2022, compared to a net outflow of ¥255,612,310.08 in 2021[26] - The company received cash inflows from operating activities totaling ¥286,350,603.32 in the first three quarters of 2022, compared to ¥317,714,253.97 in 2021[26] - The net cash flow from investing activities was $17,285,344, a decrease of $613,198,344 compared to the previous period[27] - Cash inflow from financing activities totaled $809,000,000, compared to $200,000,000 in the prior period[27] - The net cash flow from financing activities was $684,068,733.97, an increase from a negative $567,023,124.81 in the previous period[27] - The total cash and cash equivalents at the end of the period amounted to $1,261,514,780.06, down from $2,572,011,668.69 at the beginning of the period[27] - The company incurred cash outflows of $900,000,000 for investments during the period[27] - Cash outflows related to financing activities were $124,931,266.03, compared to $767,023,124.81 in the previous period[27] - The company received $500,000,000 in other financing-related cash during the period[27] - The cash flow from operating activities was not detailed in the provided content, indicating a focus on investment and financing activities[27] - The company reported a significant decrease in cash and cash equivalents, reflecting challenges in cash management[27] Government Subsidies and Other Income - The company reported a government subsidy of CNY 20,573.75 related to stable employment support[8] Accounting Standards - The report indicates the implementation of new accounting standards starting in 2022, which may affect financial reporting[27] Revenue and Costs - Total operating revenue for the first three quarters of 2022 reached ¥565,397,620.80, an increase of 42.0% compared to ¥398,266,016.91 in the same period of 2021[21] - Total operating costs for the first three quarters of 2022 were ¥466,221,608.99, up from ¥336,122,673.86 in 2021, reflecting a 38.7% increase[21] - Net profit for the third quarter of 2022 was ¥37,736,083.63, a decrease of 56.4% from ¥86,527,076.64 in the same quarter of 2021[22] - The company incurred a financial expense of ¥1,479,101.13 in the third quarter of 2022, significantly lower than ¥4,961,411.15 in the previous year[22] - Other comprehensive income after tax for the third quarter of 2022 was -¥298,006,317.00, slightly improved from -¥301,927,452.75 in the same period of 2021[23] - The company’s investment income for the first three quarters of 2022 was ¥17,427,270.00, down from ¥27,560,324.58 in the previous year[22]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥494.90 million, representing a 32.95% increase compared to ¥372.24 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥78.57 million, a 47.06% increase from ¥53.43 million in the previous year[17]. - The net profit after deducting non-recurring gains and losses was approximately ¥78.38 million, which is a 21.04% increase compared to ¥64.76 million in the same period last year[17]. - The basic earnings per share for the first half of 2022 was ¥0.0839, reflecting a 46.94% increase from ¥0.0571 in the previous year[18]. - The company's total assets decreased by 8.35% to approximately ¥7.21 billion from ¥7.87 billion at the end of the previous year[17]. - The company's net assets attributable to shareholders decreased by 2.19% to approximately ¥5.64 billion from ¥5.77 billion at the end of the previous year[17]. - The company reported a significant reduction in contract liabilities by 82.91% to approximately ¥88.65 million due to concentrated deliveries in the Yixing project[38]. - The company’s total comprehensive income for the first half of 2022 was CNY -126,631,849.44, an improvement from CNY -175,302,335.08 in the previous year[115]. - The company reported a net loss of ¥205,206,104.25 for the current period, indicating a decline in profitability[127]. - The total comprehensive income for the period was a loss of ¥175,302,335.08, reflecting challenges in the market[135]. Cash Flow and Financing - The net cash flow from operating activities for the first half of 2022 was negative at approximately -¥169.45 million, an improvement from -¥211.95 million in the same period last year[17]. - The company's cash flow from financing activities for the first half of 2022 was approximately ¥203.02 million, a significant increase compared to a net outflow of ¥470.53 million in the same period last year[36]. - The ending cash and cash equivalents balance for the first half of 2022 was CNY 1,876,181,221.13, an increase from CNY 995,804,342.82 at the end of the first half of 2021[122]. - The company received CNY 309,000,000.00 in borrowings during the first half of 2022, up from CNY 200,000,000.00 in the same period of 2021[121]. - Cash flow from investing activities showed a net outflow of -CNY 74,359.00 in the first half of 2022, compared to -CNY 893,723,764.43 in the first half of 2021[122]. Business Operations and Strategy - The company's main business is real estate development, focusing on residential and commercial properties in Jiangsu and Anhui provinces[26]. - The increase in operating revenue was primarily due to higher residential delivery volumes from the Yixing project compared to the previous year[19]. - The company is actively exploring the construction and operation of elderly care communities as part of its strategic transformation[29]. - The company’s strategy includes a focus on affordable housing and improving living conditions, targeting core cities and key urban clusters[27]. - The company plans to begin sales of completed projects in 2023, following local completion inspections in Q4 2022[32]. - The company is focusing on market expansion and new product development, although specific details were not disclosed in the provided data[113]. Industry Challenges - In the first half of 2022, the real estate industry faced unprecedented challenges, with national real estate development investment at CNY 68,314 billion, a year-on-year decrease of 5.4%[23]. - The total area of commercial housing sold was 68,923 million square meters, down 22.2% year-on-year, with residential sales area decreasing by 26.6%[25]. - The company faces significant industry risks due to a weakened economy and the impact of the pandemic, leading to negative growth in new housing starts, construction, and sales in the real estate sector[55]. - The company experienced a fair value loss of CNY -38,303,696.06, compared to a loss of CNY -15,378,573.44 in the previous year, indicating increased volatility in asset valuations[114]. Compliance and Governance - The company received a warning letter from the Jiangsu Securities Regulatory Bureau for failing to disclose a significant event involving a repayment agreement totaling ¥280 million[56]. - The company is committed to improving compliance with securities laws and regulations following the warning letter received[58]. - The company plans to enhance its governance and compliance practices to prevent future disclosure issues[58]. - The company has made commitments to resolve related party transactions and competition issues with its controlling shareholder, Phoenix Group, since 2008[71]. Subsidiaries and Investments - The company holds a 7.28% stake in Nanjing Securities, making it the fourth largest shareholder[41]. - The company’s subsidiary, Wuxi Yikang Real Estate, reported a net profit of approximately 99.78 million yuan[51]. - The company’s subsidiary, Suzhou Phoenix Real Estate, achieved a net profit of approximately 7.39 million yuan[51]. - The company is exploring the feasibility of injecting shares of Jiangsu Bank into its structure, pending regulatory approvals[86]. - The company is actively seeking feasible alternative plans for the injection of Jiangsu Bank's equity due to current financial conditions and regulatory policies, indicating obstacles in the process[88]. Shareholder Information - The company has 28,688 ordinary shareholders as of the end of the reporting period[97]. - The company’s major shareholder, Phoenix Group, held 62.79% of the total shares after multiple rounds of stock purchases, reflecting strong insider confidence[151]. - The company completed a reduction plan by selling 32,988,013 shares of Nanjing Securities, leaving a remaining holding of 174,272,700 shares, which is 5.28% of the total[44]. Asset Management - The company's inventory decreased by 8.54% to approximately ¥2.77 billion compared to the end of the previous year[38]. - The total assets at the end of the period amounted to ¥6,070,717,492.73, demonstrating a stable asset base[135]. - The company’s capital reserve increased to ¥1,479,614,431.16, contributing to overall financial stability[134]. - The retained earnings were reported at ¥1,759,122,153.63, indicating a solid foundation for future growth[135].

Financial Performance - In 2021, the company's operating revenue was ¥441,032,200.29, a decrease of 50.67% compared to ¥894,108,011.60 in 2020[19] - The net profit attributable to shareholders was ¥35,295,334.96, down 38.63% from ¥57,514,777.94 in the previous year[19] - The cash flow from operating activities showed a significant decline, with a net outflow of ¥127,182,248.91 compared to an inflow of ¥915,997,128.89 in 2020, representing a decrease of 113.88%[19] - The total assets decreased by 9.86% to ¥7,865,394,160.71 at the end of 2021, down from ¥8,725,324,251.56 in 2020[19] - The basic earnings per share fell to ¥0.0377, a decrease of 38.60% from ¥0.0614 in 2020[20] - The weighted average return on equity decreased to 0.61%, down 0.39 percentage points from 1% in the previous year[20] - The net profit attributable to shareholders decreased significantly due to the aforementioned factors, with a notable decline in fair value gains from trading financial assets compared to the previous year[22] - The net profit after deducting non-recurring gains and losses was lower than the previous year, but the basic earnings per share excluding non-recurring items increased compared to last year[23] Market Challenges - The decline in revenue was primarily due to the impact of the pandemic, which caused significant delays in residential deliveries in Yixing[21] - The company faced challenges in the real estate market, with asset impairment provisions made for projects in Yancheng, Zhenjiang, and Taixing due to weaker market conditions[21] - The company confirmed a significant decrease in fair value gains from its trading financial assets compared to the previous year[21] - The real estate market in 2021 faced unprecedented challenges, with a 15.5% decrease in land acquisition area by real estate developers compared to the previous year[38] - The total sales area of commercial housing in 2021 was 179,433,000 square meters, reflecting a 1.9% increase year-on-year[38] - The company experienced a significant decline in sales volume due to pandemic-related delivery delays in Yixing residential projects[46] Operational Developments - The company had three ongoing construction projects in 2021, with a total construction area of approximately 864,000 square meters[31] - The company achieved a total sales area of 16,136.92 square meters in 2021, generating a total contract sales amount of CNY 231.01 million[34] - The company has completed the construction and delivery of all three land parcels in the Taixing Phoenix Cultural Plaza project, with a total investment of CNY 2,102.50 million[33] - The company is actively promoting its pilot project in the health and elderly care industry, focusing on the Phoenix Yiranju project in Yixing, which aims to integrate medical and elderly care services[35] - The company aims to complete the pre-sale and delivery of the Yixing Yiranju project in 2022, with three groups scheduled for completion[91] Governance and Management - The company maintains a strong governance structure, holding 8 board meetings, 4 supervisory meetings, and 2 shareholder meetings during the reporting period[35] - The company emphasizes transparency and timely information disclosure, completing regular and interim reports as required[99] - The board of directors includes specialized committees that provide professional opinions to support decision-making[98] - The company has established specialized committees within the board, including the Audit Committee and the Compensation and Assessment Committee[118] - The company has implemented a comprehensive internal control system to mitigate decision-making, operational, and financial risks[131] Financial Strategy - The company plans to transition towards senior housing, integrating home-based and institutional care models[43] - The company has secured a borrowing limit of ¥3 billion annually from its controlling shareholder, Phoenix Group[43] - The asset-liability ratio remains low compared to peers, indicating a strong financial position despite industry challenges[43] - The company plans to use retained undistributed profits to supplement working capital and increase land reserves due to industry-specific challenges[128] - The company is committed to protecting the interests of minority shareholders while evaluating the feasibility of the Jiangsu Bank share injection[176] Subsidiary Performance - The company’s subsidiary, Jiangsu Phoenix Real Estate, reported total assets of approximately 4.59 billion yuan and net assets of approximately 2.61 billion yuan[83] - The company’s subsidiary, Yancheng Phoenix Real Estate, reported a net loss of approximately 74.58 million yuan[83] - The company’s subsidiary, Zhenjiang Phoenix Culture, reported a net loss of approximately 35.42 million yuan[83] - The company’s subsidiary, Hefei Phoenix Culture, achieved a net profit of approximately 185,277.28 yuan[83] - The company’s subsidiary, Nantong Phoenix Real Estate, reported a net profit of approximately 13.70 million yuan[83] Compliance and Regulatory Matters - The company received a warning letter from the Jiangsu Securities Regulatory Bureau regarding a failure to disclose a significant event involving a subsidiary's agreement to repay a total of 280 million yuan[133] - The company has committed to strengthening compliance with securities laws and regulations following the warning letter, ensuring timely information disclosure in the future[135] - The company has not faced any penalties from securities regulatory authorities in the past three years[115] Future Outlook - The company plans to achieve an annual revenue of 900 million yuan in 2022, focusing on sales and inventory reduction[91] - The company is focusing on core cities with strong economic vitality and high population density for new land reserves[92] - The company is adjusting its product structure and marketing strategies in response to declining sales performance across various product categories[94] - The company acknowledges the risks associated with industry changes, product structure, and the urgency of transformation in the current economic environment[94]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 485,669,516.82, representing a year-on-year increase of 54.25%[5] - The net profit attributable to shareholders for the same period was CNY 66,387,877.68, reflecting a significant increase of 194.47% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 97,972,629.39, up by 97.68% year-on-year[5] - The basic earnings per share for Q1 2022 was CNY 0.0709, which is an increase of 194.19% compared to the same period last year[6] - The company reported a net profit margin improvement, with net profit for Q1 2022 reflecting a positive trend compared to the previous year[21] - The net profit for Q1 2022 was CNY 66,387,877.68, a significant increase from CNY 22,868,553.31 in Q1 2021, representing a growth of approximately 190.5%[22] - Basic and diluted earnings per share for Q1 2022 were CNY 0.0709, up from CNY 0.0241 in Q1 2021, marking an increase of about 194.2%[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,998,316,043.36, a decrease of 11.02% from the end of the previous year[6] - The equity attributable to shareholders decreased by 2.68% to CNY 5,614,642,219.37 compared to the end of the previous year[6] - Total assets decreased to RMB 6,998,316,043.36 as of March 31, 2022, from RMB 7,865,394,160.71 at the end of 2021, a decline of 11.0%[19] - Total liabilities decreased to RMB 1,383,673,823.99 as of March 31, 2022, from RMB 2,096,249,171.77 at the end of 2021, a reduction of 34.0%[18] - The total equity attributable to shareholders decreased to RMB 5,614,642,219.37 as of March 31, 2022, from RMB 5,769,144,988.94 at the end of 2021, a decrease of 2.7%[19] Cash Flow - The net cash flow from operating activities was negative at CNY -162,997,753.35, which is not applicable for year-on-year comparison[5] - The cash flow from operating activities showed a net outflow of CNY -162,997,753.35 in Q1 2022, compared to CNY -144,593,737.52 in Q1 2021, indicating a worsening cash flow situation[25] - The cash and cash equivalents as of March 31, 2022, were RMB 1,699,674,150.32, down 8.3% from RMB 1,854,519,212.17 at the end of 2021[16] - The cash and cash equivalents at the end of Q1 2022 were CNY 1,689,333,546.17, down from CNY 1,979,449,945.15 at the end of Q1 2021, a decrease of approximately 14.6%[26] - The company raised CNY 100,000,000.00 through financing activities in Q1 2022, compared to CNY 200,000,000.00 in Q1 2021, indicating a 50% reduction in financing inflow[25] - The cash outflow from financing activities was CNY 90,289,683.05 in Q1 2022, significantly lower than CNY 654,286,904.57 in Q1 2021, reflecting a decrease of approximately 86.2%[26] Operating Costs and Revenue Sources - Total operating costs for Q1 2022 were RMB 358,327,555.17, up 36.2% from RMB 263,089,562.78 in Q1 2021[21] - The increase in operating revenue was primarily due to the delivery of the Yixing Group 4 project, which exceeded the revenue from the previous year's Taixing project[10] - The total revenue from operating activities decreased to CNY 90,551,317.24 in Q1 2022, down from CNY 133,560,770.36 in Q1 2021, reflecting a decline of about 32.2%[24] Non-Recurring Items and Other Losses - The company reported a non-recurring loss of CNY -31,584,751.71 after tax, primarily due to various non-operating income and expenses[9] - The company reported a total comprehensive loss of CNY -154,502,769.57 for Q1 2022, compared to a loss of CNY -255,532,084.94 in Q1 2021, showing an improvement of approximately 39.5%[23] - The company incurred interest expenses of CNY 2,914,911.67 in Q1 2022, down from CNY 6,993,071.86 in Q1 2021, a reduction of about 58.4%[22] - The company reported a foreign exchange loss of CNY -42,329,298.76 in Q1 2022, compared to a loss of CNY -36,246,234.59 in Q1 2021, indicating a worsening in foreign exchange performance[22] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[21] - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[21]

Financial Performance - In 2021, the company's operating revenue was ¥441,032,200.29, a decrease of 50.67% compared to ¥894,108,011.60 in 2020[19] - The net profit attributable to shareholders was ¥35,295,334.96, down 38.63% from ¥57,514,777.94 in the previous year[19] - The cash flow from operating activities showed a significant decline, with a net outflow of ¥127,182,248.91 compared to an inflow of ¥915,997,128.89 in 2020, marking a decrease of 113.88%[19] - The total assets at the end of 2021 were ¥7,865,394,160.71, down 9.86% from ¥8,725,324,251.56 at the end of 2020[19] - The basic earnings per share decreased to ¥0.0377, a decline of 38.60% from ¥0.0614 in 2020[20] - The weighted average return on equity was 0.61%, a decrease of 0.39 percentage points from 1% in the previous year[20] - Operating costs decreased by 53.84% to ¥315,849,692.06, corresponding to the drop in revenue[46] - The net profit attributable to shareholders decreased significantly due to the aforementioned factors, including a large provision for land appreciation tax in the previous year[22] - The net profit after deducting non-recurring gains and losses was lower than the previous year, but the basic earnings per share excluding non-recurring items increased compared to last year[23] Market Challenges - The decline in revenue was primarily due to the impact of the pandemic, which caused significant delays in residential deliveries in Yixing[21] - The company faced challenges in the real estate market, with asset impairment provisions made for projects in Yancheng, Zhenjiang, and Taixing due to weaker market conditions[21] - The company confirmed a significant decrease in fair value gains from its trading financial assets compared to the previous year[21] - The sales volume of residential properties decreased by 55.41%, significantly impacting overall revenue[52] - The real estate market in 2021 faced unprecedented challenges, with a 15.5% decrease in land acquisition area by real estate developers compared to the previous year[38] - The company is focusing on core cities with strong economic vitality and high population density for new land reserves[92] - The company faces significant challenges in inventory turnover, particularly in office and commercial properties, which constitute over 90% of its inventory[91] Strategic Initiatives - The company is actively promoting its pilot project in the health and elderly care industry, focusing on the Phoenix Yiranju project in Yixing, which aims to integrate medical and elderly care services[35] - The company plans to transition towards senior housing, integrating home-based and institutional care models to create new profit growth points[43] - The company has implemented a strategy of "one city, one policy" to drive inventory reduction across its projects[34] - The company aims to enhance its market presence through strategic expansion and new product development in the senior housing sector[43] - The company is adjusting its product structure and marketing strategies in response to declining sales performance across various product categories[94] Governance and Compliance - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting the rights of minority shareholders[97] - The board of directors and supervisory board operate independently, with a structure that meets legal requirements, ensuring the protection of shareholder interests[98] - The company strictly adheres to information disclosure regulations, ensuring timely and accurate reporting of financial information[99] - There were no violations of insider trading regulations during the reporting period, with proper registration of insider information handlers[100] - The company has committed to strengthening compliance with securities laws and regulations following the warning letter, ensuring timely information disclosure in the future[135] Subsidiary Performance - The company’s subsidiary, Jiangsu Phoenix Real Estate, reported total assets of approximately 4.59 billion yuan and net assets of approximately 2.61 billion yuan[83] - The company’s subsidiary, Yancheng Phoenix Real Estate, reported a net loss of approximately 74.58 million yuan[83] - The company’s subsidiary, Zhenjiang Phoenix Culture, reported a net loss of approximately 35.42 million yuan[83] - The company’s subsidiary, Hefei Phoenix Culture, achieved a net profit of approximately 185,277.28 yuan[83] - The company’s subsidiary, Nantong Phoenix Real Estate, reported a net profit of approximately 13.70 million yuan[83] - The company’s subsidiary, Wuxi Yikang Real Estate, reported a net profit of approximately 11.24 million yuan[83] Future Outlook - The company plans to achieve an annual revenue of 900 million yuan in 2022, focusing on sales and inventory reduction[91] - The company aims to complete the pre-sale and delivery of three groups in the Yixing project in 2022, along with partial pre-sale and completion of the Zhenjiang project[91] - The company has not increased land reserves in the past three years, which is critical for maintaining main business income[92] - The company acknowledges the risks associated with industry changes, product structure, and the urgency of transformation in the current economic environment[94] Financial Management - The company has a strong backing from its controlling shareholder, Jiangsu Phoenix Publishing and Media Group, which supports its refinancing and operational funding needs[42] - The company maintains a low debt-to-asset ratio compared to peers, supported by a borrowing limit of ¥3 billion from its controlling shareholder[43] - The company’s financial expenses dropped by 76.12% due to reduced interest from outstanding debts[46] - The company has established a performance evaluation mechanism for senior management, linking assessment results to compensation[130] - The company’s internal control system has been enhanced to effectively prevent decision-making, operational, and financial risks[131] Shareholder Relations - The company emphasizes communication with investors, enhancing their understanding and recognition of the company's value[98] - The company is committed to maintaining transparency and accountability in its governance practices, fostering trust among investors[99] - The company is focused on expanding its market presence and enhancing its product offerings through strategic appointments and management changes[108] - The company will maintain close communication with its controlling shareholder, Phoenix Group, regarding the progress of asset injection plans[178]