Financial Performance - The company achieved a net profit attributable to shareholders of the parent company of ¥360,599,024.29 in 2021, with a net profit of ¥402,238,489.90 for the parent company[6]. - The proposed cash dividend is ¥2.50 per 10 shares, amounting to a total distribution of ¥361,310,267.75, resulting in a cash dividend payout ratio of 100.20%[6]. - The company reported an opening retained earnings balance of ¥324,085,841.16, after deducting the previous year's dividend payable of ¥317,953,035.62[6]. - The company's operating revenue for 2021 was approximately ¥2.34 billion, showing no change compared to 2020[25]. - The net profit attributable to shareholders decreased by 14.49% to approximately ¥360.60 million in 2021 from ¥421.69 million in 2020[25]. - The net profit after deducting non-recurring gains and losses was approximately ¥280.99 million, a decrease of 5.59% from ¥297.63 million in 2020[25]. - The net cash flow from operating activities was approximately ¥368.69 million, down 51.73% from ¥763.82 million in 2020[28]. - The total assets at the end of 2021 were approximately ¥4.29 billion, an increase of 3.20% from ¥4.16 billion at the end of 2020[28]. - The basic earnings per share for 2021 was ¥0.2495, a decrease of 14.50% from ¥0.2918 in 2020[28]. - The weighted average return on equity decreased by 2.28 percentage points to 12.23% in 2021 from 14.52% in 2020[28]. - The company reported non-recurring gains of approximately ¥84.25 million from the disposal of non-current assets in 2021, compared to ¥22.04 million in 2020[33]. - The company’s net profit attributable to shareholders in Q4 2021 was approximately ¥130.09 million, showing a significant increase compared to previous quarters[29]. - The total net assets attributable to shareholders at the end of 2021 were approximately ¥2.99 billion, reflecting a 1.45% increase from ¥2.95 billion at the end of 2020[28]. - In 2021, the company achieved total revenue of CNY 2.34 billion, remaining stable compared to the previous year, while total profit decreased by 11.96% to CNY 617 million[60]. - The net profit attributable to shareholders was CNY 361 million, down 14.49% year-on-year, with a diluted earnings per share of CNY 0.2495[60]. Dividend and Profit Distribution - The company plans to submit the profit distribution proposal to the shareholders' meeting for approval[6]. - The total number of shares for the dividend distribution is based on the total share capital of 1,445,241,071 shares as of December 31, 2021[6]. - The company does not plan to increase capital reserves through stock conversion for the year 2021[6]. - The proposed cash dividend for 2021 is 2.50 CNY per 10 shares, amounting to a total distribution of 361,310,267.75 CNY, with a cash dividend payout ratio of 100.20%[179]. - The company’s total share capital as of December 31, 2021, was 1,445,241,071 shares, which serves as the basis for the dividend distribution[179]. Operational Highlights - The company achieved a significant improvement in the Tianyi Plaza renovation project, with the first phase completed and showing remarkable results[40]. - The company is advancing a 200,000-ton grinding system relocation project, with 65% of the construction completed and expected to be operational by August 2022[40]. - The company signed an investment agreement for fuel oil trade, with a 300,000-ton coal tar deep processing project initiated in August 2021, expected to be operational by July 2022[40]. - The company faced challenges in the cement sector due to environmental regulations, energy consumption controls, and macroeconomic adjustments, impacting production and sales[44]. - The company’s commercial real estate segment reported a rental income of approximately 35.4 million in 2021, with a total leased area of 15.83 million square meters[49]. - The company received multiple honors, including being recognized as one of the "Top Ten Characteristic Commercial Streets in Zhejiang Province" and a "Demonstration Enterprise in Commercial Services" in 2021[41]. Market and Industry Challenges - The cement production volume was 381.23 million tons, a decline from 502.22 million tons in 2020 and 560.94 million tons in 2019[51]. - The cement segment's revenue accounted for 60.25% of the company's total revenue in 2021, down from 79.93% in 2020[51]. - The commercial real estate sector faces significant challenges, including increased competition and a decline in brand expansion willingness due to repeated pandemic impacts[118]. - The cement industry is experiencing overcapacity risks, which could adversely affect the company's performance if regulatory policies are not effectively implemented[119]. - Environmental regulations are becoming stricter, leading to increased costs for the company, particularly in the cement sector[119]. Governance and Compliance - The audit report issued by Lixin Zhonglian CPA firm was a standard unqualified opinion[5]. - The company has established a robust internal control system, receiving a standard unqualified opinion from the auditor for the effectiveness of its financial reporting internal controls[184][188]. - The company’s board of directors is responsible for the establishment and implementation of internal controls, ensuring compliance with relevant regulations[188]. - The company has engaged independent directors to gather opinions from minority shareholders regarding profit distribution proposals[178]. - The company has established a comprehensive governance mechanism, ensuring compliance with the latest regulations and enhancing decision-making and management processes[129]. - The company conducted a comprehensive self-inspection of its corporate governance for the years 2018, 2019, and 2020, reporting no issues requiring special rectification[189]. Future Outlook and Strategic Initiatives - The company plans to enhance resource integration and management efficiency through the establishment of Fuda New Materials, focusing on cement and other projects[54]. - The company aims to adapt to the evolving commercial real estate landscape, focusing on smart commerce and consumer experience integration[112]. - The company reported a revenue target of 2.8 billion yuan for 2022, with a cement sales volume of 3.9 million tons[124]. - The company plans to leverage the new energy trade center development in Ningbo to enhance its fuel oil storage and trade capabilities[114]. - The company is actively pursuing new industry expansions and acquisition strategies to drive future growth[64]. Environmental and Sustainability Efforts - The company has implemented pollution prevention facilities, including high-efficiency bag dust collectors, across its subsidiaries, ensuring no direct wastewater discharge during production[197]. - The company has established a wastewater recycling system, ensuring that all cooling water is reused and does not come into contact with raw materials[197]. - The company reported a total of 94.489 tons of particulate matter emissions for the first year, with consistent figures for subsequent years[196]. - The actual emission concentration of particulate matter from the company is generally below 10.58 mg/Nm³, with nitrogen oxides and sulfur dioxide emissions also below regulatory limits[195].

证券代码：600724 证券简称：宁波富达 公告编号：临 2021-029 宁波富达股份有限公司 关于参加"宁波辖区上市公司投资者网上 集体接待日活动"的公告 特 别 提 示 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 为推动宁波辖区上市公司进一步做好投资者关系管理工作，加强与广大投资者 的沟通与交流，切实提高上市公司透明度和治理水平，宁波证监局与宁波上市公司 协会、深圳市全景网络有限公司共同举办"心系投资者 携手共行动"——宁波辖区 2021 年度投资者网上集体接待日主题活动。活动于 2021 年 11 月 18 日 15:00-17:00 举行，平台登陆地址为：https://ir.p5w.net。 届时，公司高管人员将参加本次活动，通过网络在线交流形式，就公司治理、 发展战略、经营状况、可持续发展等投资者所关心的问题，与投资者进行"一对多" 形式的沟通与交流。欢迎广大投资者踊跃参与！ 特此公告。 宁波富达股份有限公司董事会 2021 年 11 月 11 日 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥513,275,372.43, representing a decrease of 14.00% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥69,958,066.21, down 31.49% year-on-year[6]. - The basic earnings per share for Q3 2021 was ¥0.0484, a decline of 31.44% compared to the same quarter last year[10]. - The company's net profit for Q3 2021 was approximately ¥260.96 million, a decrease of 26.5% compared to ¥355.63 million in Q3 2020[49]. - The total profit for the period was ¥339.15 million, down 24.8% from ¥451.21 million in the same quarter last year[49]. - Operating profit decreased to ¥330.49 million, a decline of 26.4% from ¥448.64 million year-over-year[49]. - The company's total revenue from sales and services received was approximately ¥1.74 billion, a decline from ¥1.93 billion in the same period last year[52]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥254,274,912.68, reflecting a significant decrease of 57.06%[10]. - The company reported a net cash flow from operating activities of ¥254.27 million, down 57.0% from ¥592.17 million in the previous year[53]. - Cash inflow from investment activities was ¥514.71 million, a decrease of 56.2% compared to ¥1.17 billion in Q3 2020[53]. - The company experienced a net cash outflow from investment activities of ¥562.62 million, contrasting with a net inflow of ¥715.77 million in the previous year[53]. - The net increase in cash and cash equivalents was -652,538,054.49 RMB, compared to an increase of 163,631,492.69 RMB in the previous period[56]. - The ending balance of cash and cash equivalents was 885,236,896.78 RMB, down from 1,155,205,445.32 RMB[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,983,272,190.30, down 4.17% from the end of the previous year[10]. - Current assets as of September 30, 2021, totaled CNY 2,009,803,000.09, a decrease of 8.2% from CNY 2,188,321,480.07 at the end of 2020[40]. - Non-current assets amounted to CNY 1,973,469,190.21, slightly up from CNY 1,968,481,234.50 at the end of 2020, indicating a growth of 0.3%[40]. - Total liabilities as of September 30, 2021, were CNY 598,765,177.47, down from CNY 677,710,139.80, a reduction of 11.6%[42]. - Shareholders' equity decreased to CNY 3,384,507,012.83 from CNY 3,479,092,574.77, reflecting a decline of 2.7%[42]. - Total current liabilities were reported at 677,710,139.80 RMB, with a slight increase to 680,012,200.43 RMB[62]. Investments and Subsidiaries - The company plans to invest in a new subsidiary and acquire equity in Hami Jinyun Energy Technology Co., Ltd., with a shareholder loan of up to 300 million RMB[24]. - Fuda Jintuoling acquired 100% equity of Hami Jinyun Energy Technology Co., Ltd. for a transaction price of 7.39 million RMB, based on the audited total assets and liabilities of Hami Jinyun[26]. - The company has provided shareholder loans of 150 million RMB to Fuda Jintuoling, within the agreed maximum loan limit of 300 million RMB[26]. - The investment in the relocation project of Ningbo Kehuan New Building Materials Co., Ltd. has reached 10.052 million RMB, accounting for 39% of the planned investment[30]. - The first phase of the Tianyi Plaza upgrade project has a preliminary budget of 80 million RMB, with completed investments of 56.9 million RMB as of the end of Q3 2021[31]. Government Support and Other Income - The company received government subsidies amounting to ¥1,239,853.45 during the reporting period[11]. - The company reported non-recurring gains and losses totaling ¥23,092,171.47 for the quarter[12]. - The company recorded a net profit of ¥16,948,084.34 from entrusted investment or asset management during the quarter[11]. Cost Management - The company's sales expenses were ¥33.73 million, significantly reduced from ¥70.45 million in the previous year, indicating a cost-cutting strategy[49]. - Total operating costs for the first three quarters of 2021 were CNY 1,138,306,558.29, down from CNY 1,278,272,077.40 in 2020, reflecting a reduction of 10.9%[42].

2021 年半年度报告 公司代码：600724 公司简称：宁波富达 2021 年半年度报告 宁波富达股份有限公司 1 / 144 2021 年半年度报告 重要提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人钟建波、主管会计工作负责人甘樟强及会计机构负责人（会计主管人员）张歆声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述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 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述存在的政策风险、行业风险、经营风险和 ...

Financial Performance - Net profit attributable to shareholders of the listed company was RMB 82,180,997.71, representing a significant increase of 149.41% year-on-year[12]. - Operating revenue for the period was RMB 420,755,079.10, reflecting a growth of 20.38% compared to the same period last year[12]. - Basic earnings per share increased by 149.56% to RMB 0.0569 from RMB 0.0228 in the same period last year[12]. - The weighted average return on net assets rose to 2.7449%, an increase of 1.6233 percentage points year-on-year[12]. - Net profit for Q1 2021 reached ¥86,903,900.34, representing a 81.7% increase from ¥47,837,401.74 in Q1 2020[50]. - Net profit attributable to shareholders of the parent company was ¥82,180,997.71, compared to ¥32,949,707.62 in the same period last year, marking a 149.5% increase[50]. - Basic and diluted earnings per share for Q1 2021 were both ¥0.0569, up from ¥0.0228 in Q1 2020[50]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 4,169,077,380, an increase of 0.30% compared to the end of the previous year[12]. - Current assets totaled approximately ¥2.22 billion, a slight increase from ¥2.19 billion year-over-year[33]. - Total liabilities decreased to ¥592.67 million from ¥677.71 million, a reduction of 12.5%[38]. - Shareholders' equity increased to ¥3.04 billion from ¥2.95 billion, marking a growth of 3%[38]. - Total current liabilities were reported at ¥1,000,000,000.00, reflecting a significant increase compared to previous periods[65]. - Total liabilities amounted to 677,710,139.80, a decrease from 680,012,200.43, reflecting a reduction of 2,302,060.63[68]. Cash Flow - The net cash flow from operating activities decreased by 22.64% to RMB 83,836,748.55 compared to the previous year[12]. - Cash and cash equivalents decreased by 60.10% from the beginning of the period, primarily due to the purchase of structured deposits amounting to 1 billion[21]. - The cash flow from operating activities for Q1 2021 was 83,836,748.55, down from 108,371,289.15 in Q1 2020[59]. - The net cash flow from financing activities increased significantly, with a net cash inflow from debt repayment and borrowing decreasing by 538 million compared to the previous year[21]. - The net cash flow from investing activities decreased by 392.80%, primarily due to an increase in net purchases of financial products by 850 million[21]. - The total cash outflow from investing activities was 1,020,816,148.81 in Q1 2021, compared to 207,132,618.50 in Q1 2020, indicating aggressive investment strategies[59]. Shareholder Information - The total number of shareholders at the end of the reporting period was 33,007[16]. - The largest shareholder, Ningbo Urban Construction Investment Holding Co., Ltd., held 76.95% of the shares[16]. Investments and Projects - The Tianyi Plaza renovation project has a preliminary budget of 80 million, with 45 million already invested by the end of Q1 2021[24]. - The company plans to invest 258.2065 million in the relocation project of the cement grinding system, expecting annual revenue of 805.7 million and profit of 16.02 million[25]. - The company successfully sold 21% of its stake in Ningbo Yongshun Building Materials Technology Co., Ltd. for 10.411212 million[26]. Other Financial Metrics - Non-operating income for the period included RMB 9,979,293.04 from entrusted management fees[15]. - The company reported a total of RMB 2,045,728.85 in government subsidies related to normal business operations[15]. - Income tax expenses increased by 87.52%, mainly due to an increase in total profit[21]. - The company reported a financial income of ¥4,006,684.02, compared to ¥4,608,336.67 in the previous year[48]. - Research and development expenses were not explicitly detailed but are included in the total operating costs[48].

Financial Performance - The net profit attributable to the parent company for 2020 was CNY 421,688,117.93, with the parent company achieving a net profit of CNY 347,818,126.59 after deducting the statutory surplus reserve of CNY 34,781,812.66[6]. - The company's operating revenue for 2020 was approximately ¥2.34 billion, a decrease of 25.58% compared to ¥5.16 billion in 2019[22]. - The net profit attributable to shareholders for 2020 was approximately ¥421.69 million, down 13.45% from ¥487.20 million in 2019[22]. - The net cash flow from operating activities for 2020 was approximately ¥763.82 million, an increase of 26.29% compared to ¥604.81 million in 2019[22]. - The basic earnings per share for 2020 was ¥0.2918, a decrease of 13.44% from ¥0.3371 in 2019[22]. - The weighted average return on equity for 2020 was 14.52%, a decrease of 3.59 percentage points from 18.11% in 2019[22]. - The total profit amounted to 701 million yuan, down 16.51% compared to the previous year[42]. - The company achieved a net profit of approximately ¥163.24 million in Q4 2020, showing a positive trend in quarterly performance[25]. Dividend Distribution - The total distributable profit for the parent company at year-end was CNY 324,085,841.16, with a proposed cash dividend of CNY 2.20 per 10 shares, amounting to CNY 317,953,035.62[6]. - The company plans to distribute a total of RMB 317,953,035.62 as cash dividends for 2020, which is 75.40% of the net profit attributable to the parent company[109]. - The cash dividend for 2019 was RMB 2.70 per 10 shares, amounting to a total distribution of RMB 390,215,089.17, which represented 80.09% of the net profit attributable to the parent company[109]. - The company has established a profit distribution policy that mandates a minimum cash dividend of 30% of the average distributable profit over the last three years if certain conditions are met[102]. Risk Management - The company has detailed descriptions of various risks including policy, industry, operational, and financial risks in the report[8]. - The company is committed to improving internal risk control and financial management to enhance operational efficiency and compliance[96]. - The company recognizes the need for strategic adjustments in the cement industry due to overcapacity and increased competition from leading enterprises[91]. Audit and Compliance - The report includes a standard unqualified audit opinion from Lixin Zhonglian Accounting Firm[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management[4]. - The company has not reported any significant issues regarding the occupation of funds during the reporting period[116]. Operational Highlights - The company provided rent reductions totaling 62.25 million yuan to support small and micro businesses during the pandemic, impacting current earnings by 52.29 million yuan[40]. - The company is facing challenges from increased competition in the commercial real estate sector and the cement industry due to market saturation and regulatory pressures[41]. - The company achieved a gross profit margin of 34.71% across all main business segments, an increase of 2.25 percentage points compared to the previous year[56]. Investment and Expansion - The company is actively seeking suitable acquisition targets to expand its business in line with the industrial development directions of Ningbo City[50]. - The company plans to relocate its cement grinding station and has completed the approval process for a new production line with a capacity of 4,500 tons per day[40]. - The company has invested RMB 258.21 million in the relocation project for a cement grinding system with an expected annual revenue of RMB 805.70 million and a profit of RMB 16.02 million[82]. Environmental Compliance - The company’s subsidiaries have implemented advanced environmental protection measures, making them models for local environmental governance[155]. - The company has no direct wastewater discharge outlets; domestic wastewater is treated and then enters the municipal sewage system[155]. - The company’s subsidiaries are committed to reducing emissions and improving environmental performance in line with national standards[155]. Related Party Transactions - The company engaged in various related party transactions, including purchasing ammonia for 2,281,531.54 RMB and purchasing water for 5,005,057.14 RMB[128]. - The company’s related party transactions primarily followed market pricing principles[128]. - The company has established cash settlement methods for all related party transactions[128]. Future Outlook - The company aims for a revenue target of 2.4 billion in 2021, with commercial revenue projected at 539 million and cement sales expected to reach 4.6 million tons[95]. - The company is focusing on new product development, with an investment of $50 million allocated for R&D in the upcoming year[198]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year[198].

宁波富达 2020 年半年度报告 公司代码：600724 公司简称：宁波富达 宁波富达股份有限公司 2020 年半年度报告 二 O 二 O 年八月二十六日 1 / 137 宁波富达 2020 年半年度报告 重要提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人钟建波、主管会计工作负责人甘樟强及会计机构负责人（会计主管人员）张歆声 明：保证半年度报告中财务报告的真实、准确、完整。 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 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述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 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 因执行省"大气十条"的要求，科环公司（余姚厂区）需要实施关停搬迁问题整改，在各级 政府部门的支持 ...

2020 年第三季度报告 公司代码：600724 公司简称：宁波富达 宁波富达股份有限公司 2020 年第三季度报告 1 / 29 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 29 2020 年第三季度报告 2.1 主要财务数据 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 公司负责人钟建波、主管会计工作负责人甘樟强及会计机构负责人（会计主管人员）张歆保 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 单位：元 币种：人民币 | --- | --- | --- | --- | |------------------------------------------------|------------------------------|------------------------------------|--- ...

2020 年第一季度报告 公司代码：600724 公司简称：宁波富达 宁波富达股份有限公司 2020 年第一季度报告 1 / 25 2020 年第一季度报告 | --- | --- | --- | |-------|----------------|-------| | | 目录 | | | 一、 | 重要提示 | | | 二、 | 公司基本情况 . | | | 11Í | 重要事项 | | | 四、 | 附录 | | 2 / 25 2020 年第一季度报告 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 公司负责人钟建波、主管会计工作负责人甘樟强及会计机构负责人（会计主管人员）张歆 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 | --- | --- | --- | --- | --- | --- | |----------------------------------- ...

Financial Performance - Operating revenue for the first nine months was CNY 1,856,219,661.80, down 18.62% year-on-year[18]. - Net profit attributable to shareholders for the first nine months was CNY 258,445,643.84, a decline of 33.62% compared to the same period last year[18]. - Basic earnings per share for the reporting period were CNY 0.1788, down 33.63% year-on-year[18]. - The weighted average return on equity decreased by 5.7562 percentage points to 8.9827%[18]. - Net profit for the first three quarters of 2020 was ¥238,260,948.11, compared to ¥401,264,616.40 in the same period of 2019, indicating a decline of 40.6%[58]. - The total operating profit for Q3 2020 was approximately 172.51 million, a decrease from 184.42 million in Q3 2019, representing a decline of about 5%[63]. - The net profit for Q3 2020 was approximately 139.01 million, compared to 144.59 million in Q3 2019, reflecting a decrease of around 4%[66]. - The total profit for the first three quarters of 2020 reached approximately 651.43 million, down from 451.21 million in the same period of 2019, indicating an increase of about 44%[63]. - The total comprehensive income for Q3 2020 was approximately 139.01 million, compared to 144.59 million in Q3 2019, reflecting a decrease of about 4%[66]. - The total comprehensive income for the period was approximately CNY 347.62 million, compared to CNY 227.21 million in the previous period, reflecting a growth of 53%[73]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,935,631,507.42, a decrease of 18.04% compared to the end of the previous year[18]. - Total assets as of September 30, 2020, were ¥3,105,650,746.91, down from ¥3,682,067,828.71 at the end of 2019, a decrease of 15.6%[56]. - Total liabilities amounted to ¥551,393,884.87 in Q3 2020, compared to ¥964,807,298.38 in Q3 2019, a reduction of 42.9%[56]. - Total current liabilities were approximately 565.48 million, with short-term borrowings at 3 million and accounts payable not specified[98]. - Total non-current liabilities stood at approximately 399.33 million, primarily from long-term borrowings[98]. - Total liabilities amounted to approximately 964.81 million, indicating a manageable debt level[98]. - The company reported a total current liability of CNY 657.79 million, down from CNY 981.96 million year-over-year[47]. Cash Flow - Net cash flow from operating activities increased by 32.00% to CNY 592,172,613.29 for the first nine months[18]. - Cash inflow from investment activities totaled CNY 1.17 billion, a significant decrease from CNY 4.92 billion in the same period last year, indicating a decline of 76%[78]. - The net cash flow from financing activities was negative at CNY -1.14 billion, compared to CNY -3.16 billion in the previous year, showing an improvement of 64%[79]. - Total cash inflow from operating activities was CNY 2.02 billion, slightly down from CNY 2.08 billion, reflecting a decrease of 3%[76]. - The company paid CNY 1.21 billion in taxes, a decrease of 41% compared to CNY 3.59 billion in the previous year[76]. - The company’s cash outflow for investment activities was CNY 474.21 million, significantly lower than CNY 3.13 billion in the same period last year, indicating a reduction of 85%[83]. Shareholder Information - The total number of shareholders at the end of the reporting period was 31,066[24]. - The largest shareholder, Ningbo Urban Construction Investment Holding Co., Ltd., held 76.95% of the shares[24]. - Shareholders' equity totaled ¥2,554,256,862.04 as of September 30, 2020, down from ¥2,717,260,530.33 at the end of 2019, a decrease of 6.0%[58]. Investments and Projects - The company approved a project for the comprehensive upgrade and renovation of Tianyi Plaza, which has been in operation for over 17 years[33]. - The company plans to invest CNY 80.57 million annually with a projected profit of CNY 1.602 million from the relocation project of its subsidiary, which has a total investment of CNY 258.21 million[37]. - The company has invested CNY 23.11 million in the Tianyi Plaza renovation project, which has a total budget of CNY 80 million and is expected to be completed in 2020[36]. - The company is actively monitoring the progress of compensation payments related to the land use rights dispute, amounting to CNY 80 million[37]. Strategic Focus - The company reported a decrease in research and development expenses, reflecting a strategic focus on cost management[59]. - The company plans to expand its market presence and explore potential mergers and acquisitions to drive future growth[59]. - The company is actively developing new products and technologies to enhance its competitive edge in the market[59]. - Future outlook includes potential growth driven by new product launches and market expansion initiatives[100].