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]

2021 年第三季度报告 证券代码：600716 证券简称：凤凰股份 江苏凤凰置业投资股份有限公司 2021 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个别及连带责任。 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 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (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 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | 年初至报告期末 | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 26,026,382.15 | -78.94 | 398,266,016.91 | 45 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 372,239,634.76, representing a 146.88% increase compared to CNY 150,778,918.83 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 53,430,583.67, a significant turnaround from a loss of CNY 5,300,943.59 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 64,755,985.76, compared to a loss of CNY 8,709,935.41 in the same period last year[16]. - Basic earnings per share for the first half of 2021 were CNY 0.0571, compared to a loss of CNY 0.0057 in the same period last year[17]. - The weighted average return on net assets was 0.92%, improving from -0.09% in the previous year[17]. - The company reported a total non-recurring loss of 11,325,402.09 RMB, primarily due to losses from trading financial assets[21]. - The company reported a significant decrease in deposits with related parties, from approximately 810 million RMB to 183 million RMB, indicating a reduction of 627 million RMB during the reporting period[70]. - The comprehensive income total for the first half of 2021 was -¥175,302,335.08, compared to -¥58,608,958.92 in the same period of 2020[109]. - The company reported a net loss of -CNY 9,549,206.10 for the first half of 2021, an improvement compared to a net loss of -CNY 17,419,673.20 in the same period of 2020, indicating a reduction in losses by approximately 45.2%[113]. Assets and Liabilities - The company's total assets decreased by 9.23% to CNY 7,920,347,365.18 from CNY 8,725,324,251.56 at the end of the previous year[16]. - The company's total assets included cash and cash equivalents of ¥1,007,644,800.76, which decreased by 61.00% from ¥2,583,809,831.46[35]. - Total liabilities decreased to CNY 2,053,004,025.23 from CNY 2,654,606,758.83, marking a reduction of approximately 22.6%[101]. - The company's equity attributable to shareholders increased to CNY 5,867,343,339.95 from CNY 5,728,355,253.11, reflecting an increase of about 2.4%[101]. - The company's contract liabilities decreased by 23.67% to ¥453,480,943.09 from ¥594,098,751.33, indicating improved cash flow management[35]. - The total liabilities at the end of the period were CNY 1,756,395,731.35, which is manageable in relation to the total assets[131]. Cash Flow - The net cash flow from operating activities was negative at CNY -211,953,473.25, compared to CNY -144,741,741.94 in the previous year[16]. - The company’s cash and cash equivalents at the end of the first half of 2021 were CNY 995,804,342.82, down from CNY 1,216,901,525.50 at the end of the first half of 2020[116]. - The company raised CNY 200,000,000.00 through borrowings in the first half of 2021, with total cash inflows from financing activities amounting to CNY 200,000,000.00[116]. - The company paid CNY 612,500,000.00 in debt repayments during the first half of 2021, contributing to a net cash outflow from financing activities of -CNY 470,530,088.19[116]. - The company incurred financial expenses of CNY 5,017,116.14 in the first half of 2021, significantly reduced from CNY 12,083,680.40 in the same period of 2020, marking a decrease of approximately 58.5%[113]. Business Operations - The company's main business is real estate development, primarily focused in Jiangsu and Anhui provinces, with residential and commercial properties as the main categories[22]. - The main reason for the increase in operating revenue was the significant revenue recognition from the delivery of commercial properties in Taixing[18]. - The company has three ongoing projects totaling approximately 864,000 square meters, including the Tai Xing Phoenix Cultural Plaza and Yi Xing Phoenix Yiranju[28]. - The company is leveraging its cultural brand and resources from its controlling shareholder, Jiangsu Phoenix Publishing and Media Group, to enhance its market presence[26]. - The company has initiated a strategic transformation into the health and elderly care industry with the Phoenix Yiranju project in Yixing, Jiangsu[29]. Market Conditions - The real estate market is experiencing a tightening of financial policies, with rising mortgage rates impacting credit availability for residents[24]. - The company anticipates continued high-level growth in real estate investment in the second half of 2021, supported by optimistic expectations for land and construction investments[24]. - The real estate market remains under high pressure due to national policy regulations, with limited land acquisition and financing affecting small and medium-sized enterprises significantly[52]. - The company faces operational risks due to the fragmented nature of the real estate industry, necessitating a focus on brand effect and resource optimization to enhance competitiveness[52]. - The current product structure is overly reliant on commercial office buildings, with limited residential inventory, making it challenging to sell under current market conditions[52]. Financial Management - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during this reporting period[4]. - The company has not proposed any profit distribution or capital reserve increase for the first half of 2021, indicating a conservative approach to financial management[57]. - The company is focused on enhancing its risk management capabilities in response to ongoing regulatory pressures in the real estate sector[52]. - The company has not disclosed any new employee incentive plans or stock ownership plans during the reporting period[58]. - The company has not reported any significant related party transactions during the reporting period[73]. Shareholder Information - The largest shareholder, Jiangsu Phoenix Publishing and Media Group Co., Ltd., holds 487,883,543 shares, representing 52.12% of the total shares[85]. - The company has 29,236 ordinary shareholders as of the end of the reporting period[83]. - The company is actively seeking feasible alternative plans for the equity injection from the controlling shareholder[78]. - The controlling shareholder has committed to support the company's business development and improve the quality of the listed company[78]. Corporate Governance - There have been significant changes in the board of directors, with new appointments including Lin Haitao as chairman and Zhao Liurong as a director[57]. - Phoenix Group has committed to maintaining the independence of the listed company in terms of business, assets, personnel, institutions, and finance after the completion of the transaction[64]. - The company has not executed any major contracts or guarantees during the reporting period[74]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[145]. - The financial statements are prepared on a going concern basis, confirming the company's ability to continue operations for at least 12 months[144]. - The company has not made any adjustments to accounting policies or prior period errors during this reporting period[134].

Financial Performance - Operating revenue increased significantly by 535.50% to CNY 314,852,218.03 from CNY 49,543,738.37 in the same period last year[5] - Net profit attributable to shareholders of the listed company was CNY 22,545,211.29, a turnaround from a loss of CNY 35,325,003.17 in the previous year[5] - The net profit after deducting non-recurring gains and losses was CNY 49,561,078.38, compared to a loss of CNY 5,812,746.89 in the same period last year[5] - Basic and diluted earnings per share improved to CNY 0.0241 from a loss of CNY 0.0377[5] - The net profit for Q1 2021 was ¥22,868,553.31, a turnaround from a loss of ¥35,300,553.27 in Q1 2020, indicating a 164.78% improvement in profitability[13] - The basic earnings per share for Q1 2021 was ¥0.0241, compared to a loss of ¥0.0377 in the same period last year, marking a 163.93% increase[14] Assets and Liabilities - Total assets decreased by 9.57% to CNY 7,890,322,022.86 compared to the end of the previous year[5] - Total liabilities decreased from CNY 2,654,606,758.83 to CNY 2,075,136,615.07, a decline of around 21.8%[26] - Current liabilities decreased from CNY 2,014,850,931.73 to CNY 1,158,259,943.62, a reduction of about 42.5%[26] - Shareholders' equity decreased from CNY 6,070,717,492.73 to CNY 5,815,185,407.79, a decline of approximately 4.2%[27] - The company's total assets were reported at ¥3,869,176,251.97 in Q1 2021, down from ¥4,853,357,656.48 in Q1 2020, indicating a decrease of approximately 20.2%[32] Cash Flow - The company reported a net cash flow from operating activities of CNY -144,593,737.52, an improvement from CNY -175,534,233.73 in the previous year[5] - In Q1 2021, the company generated cash inflows from operating activities amounting to CNY 133,560,770.36, a significant increase from CNY 53,445,281.12 in Q1 2020, representing a growth of approximately 149.9%[42] - The net cash flow from operating activities for Q1 2021 was -CNY 144,593,737.52, an improvement compared to -CNY 175,534,233.73 in Q1 2020, indicating a reduction in cash outflow by about 17.6%[42] - The company's cash and cash equivalents at the end of Q1 2021 stood at CNY 1,979,449,945.15, down from CNY 2,572,011,668.69 at the beginning of the quarter, reflecting a decrease of about 22.9%[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,736[10] - The largest shareholder, Jiangsu Phoenix Publishing and Media Group, holds 52.12% of the shares, totaling 487,883,543 shares[10] Non-Recurring Items - Non-recurring gains and losses for the period amounted to CNY -27,015,867.09, primarily due to fair value changes in financial assets[8] Future Plans and Strategies - The company plans to evaluate the feasibility of injecting shares of Jiangsu Bank into its structure, considering the current market conditions and regulatory environment[17] - The company is exploring the feasibility of injecting Jiangsu Bank's equity with Phoenix Group, ensuring compliance with relevant regulations and protecting minority shareholders' interests[18] - The company is actively seeking alternative plans for the equity injection due to financial regulatory obstacles and the impact of the pandemic on progress[19] - The company has expanded the search for alternative asset injection plans beyond its group to improve feasibility[19] Legal Matters - The company is currently involved in litigation regarding profit distribution disputes with Shanghai Tailong, which has been paused pending the outcome of related equity disputes[20] - The Jiangsu Provincial High Court upheld the original ruling regarding the equity dispute with Shanghai Tailong, confirming that the 22.69% equity in Nanjing Longfeng belongs to Phoenix Real Estate[21]

Financial Performance - The company's operating revenue for 2020 was ¥894,108,011.60, a decrease of 31.31% compared to ¥1,301,698,174.21 in 2019[20] - The net profit attributable to shareholders of the listed company was a loss of ¥5,178,160.38, a decline of 111.78% from a profit of ¥43,943,703.09 in the previous year[20] - Basic earnings per share for 2020 were ¥0.0614, down 32.30% from ¥0.0907 in 2019[22] - The net profit attributable to shareholders decreased due to a decline in operating profit compared to the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses also decreased due to the decline in operating profit, despite an increase in fair value gains from funds held[23] - The company reported a significant reduction in financial expenses by 69.76% due to decreased interest expenses from reduced debt[51] - The company achieved a net profit of CNY 57,514,777.94 for the year 2020, with a proposed cash dividend of CNY 0.30 per share, totaling CNY 28,081,817.70[107] - The company reported a 32.46% decrease in EBITDA, amounting to 164.47 million RMB in 2020 compared to 243.53 million RMB in 2019, primarily due to the impact of the pandemic on sales[193] Cash Flow and Assets - The net cash flow from operating activities was ¥915,997,128.89, compared to a negative cash flow of ¥246,608,046.87 in 2019[20] - The total assets at the end of 2020 were ¥8,725,324,251.56, an increase of 0.25% from ¥8,703,195,012.07 in 2019[21] - Cash and cash equivalents increased by 81.09% to ¥2,583,809,831.46, primarily due to higher cash inflows from ongoing projects and the sale of certain securities[67] - The company’s total assets were significantly impacted, with cash and cash equivalents now representing 29.61% of total assets, up from 16.39% in the previous period[67] - The company reported a 7.05% decrease in cash flow from investment activities, totaling 683,126,244.27 yuan[63] - The total amount of loans repaid during the reporting period was 2.00 billion RMB, reflecting effective debt management[188] Real Estate Development - The company's main business is real estate development, focusing on residential and commercial properties in Jiangsu and Anhui provinces[33] - In 2020, the total real estate development investment reached CNY 1,414.43 billion, a 7.0% increase year-on-year, with residential investment at CNY 1,044.46 billion, growing by 7.6%[34] - The company reduced its inventory of commercial housing to 22,379,000 square meters, a decrease of 940,000 square meters compared to the previous year[35] - The company completed the sale of remaining properties in the Suzhou office project, with a total transaction amount of ¥596.4 million[45] - The company has ongoing inventory of 70,600 square meters of office space in Hefei and 2,610 square meters in Nantong[46] - The company is actively exploring strategic transformation into the health and elderly care sector, emphasizing high-quality service and management[46] - The company is focusing on the development of elderly care real estate, with the first pilot project located in Yixing, Jiangsu, combining home-based and institutional elderly care services[102] Inventory and Sales - The company reported a 2.6% increase in the sales area of commercial housing, totaling 176,086,000 square meters in 2020[35] - Residential production decreased by 59.02% to 25,326.16 square meters, while sales dropped by 83.08% to 15,177.44 square meters, resulting in an inventory increase of 144.37% to 17,178.59 square meters[58] - Office building production was zero, but sales increased by 378.28% to 56,993.64 square meters, leading to a 31.37% decrease in inventory to 124,707.36 square meters[58] - Commercial sales fell by 92.79% to 650.73 square meters, with no production reported, while inventory increased by 2.75% to 58,175.64 square meters[58] Financing and Investments - The company has received a credit line of CNY 3 billion annually from its controlling shareholder, ensuring smooth cash flow for operations[41] - The total financing amount at the end of the period was 812.5 million RMB, with an average financing cost of 4.65%[76] - The company has sold 104,527,300 units of Huaxia Securities ETF, generating a transaction amount of 133 million RMB, enhancing cash flow and asset returns[82] - The company is exploring alternative plans for the injection of Jiangsu Bank shares due to regulatory and financial constraints[135] Corporate Governance - The company has established a comprehensive corporate governance structure, ensuring the protection of minority shareholders' interests[172] - The company has implemented a salary management system that emphasizes efficiency and fairness, aiming to attract and retain talent[170] - The company has a diverse board with members having extensive experience in publishing and finance[161] - The independent directors include professionals from academia and legal backgrounds, enhancing governance[161] - The company has established specialized committees within the board to provide professional opinions for decision-making[173] Risk Management and Compliance - The company is committed to enhancing its risk management capabilities and overall operational stability through improved foundational management practices[102] - The company has implemented measures to prevent the misuse of funds and unauthorized external guarantees[111] - The company has not encountered any issues regarding the occupation of funds during the reporting period[115] - The company has not reported any major accounting errors or corrections for the current year[121] Market Conditions and Future Outlook - The real estate industry is expected to face challenges due to the ongoing impact of the COVID-19 pandemic, with a focus on stabilizing land prices and housing prices in 2021[94] - The Ministry of Housing and Urban-Rural Development plans to suspend residential land announcements in 22 key cities, which may lead to a decrease in land premium rates and improve profit margins for real estate companies[95] - The company is actively seeking strategic transformations by integrating its cultural real estate brand with senior housing and exploring acquisition opportunities to enhance competitiveness[97]

2020 年第三季度报告 公司代码：600716 公司简称：凤凰股份 江苏凤凰置业投资股份有限公司 2020 年第三季度报告 1 / 25 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 7 | 2020 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 公司负责人汪维宏、主管会计工作负责人颜树云及会计机构负责人（会计主管人员）陈超保 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、 公司基本情况 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(%) | | | 总资产 | 8 ...