证券代码：600791 证券简称：京能置业 公告编号：临 2023-001 号 京能置业股份有限公司 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法律责任。 2022 年第四季度（10 月 1 日至 12 月 31 日），京能置业股份有限 公司（以下简称"公司"）及控股子公司经营情况如下： | 项 | 新增房 地产储 | 开复工 | 其中： 新开工 | 竣工 | 签约 | 面积同 比涨跌 | 签约 | 金额同 比涨跌 | 出租房地产 | 租金总 收入（财 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 目 | 备土地 面积 | 面积 | 面积 | 面积 | 面积 | 幅（%） | 金额 | 幅（%） | 总面积 | 务口径） | | 全 口 | 0 | 145.26 | 0.04 | 64.09 | 3.23 | 226.26 | 9.70 | 2671.43 | 3.72 万平方 米及 300 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 182.31 million, a decrease of 8.01% compared to CNY 198.03 million in the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 38.13 million, compared to a loss of CNY 31.42 million in the same period last year, indicating a worsening performance[5]. - The basic earnings per share for the year-to-date was a loss of CNY 0.15, compared to a loss of CNY 0.06 in the same period last year[11]. - The company's net profit for the first three quarters of 2022 was a loss of CNY 45,058,962.92, compared to a profit of CNY 46,910,411.14 in the same period of 2021[29]. - The net profit attributable to the parent company was -68,481,450.54 RMB, compared to -31,826,135.40 RMB in the same period last year, indicating a significant increase in losses[31]. - The basic earnings per share (EPS) was -0.15 RMB, compared to -0.07 RMB in the previous year, reflecting a worsening financial performance[31]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was a negative CNY 2.09 billion, a significant decrease compared to a positive CNY 2.08 billion in the same period last year, reflecting cash flow challenges[11]. - Cash flow from operating activities showed a net outflow of -2,094,097,811.65 RMB, a stark contrast to a net inflow of 2,029,762,721.01 RMB in the same period last year[33]. - The total cash outflow from operating activities was 5,489,833,338.77 RMB, compared to 1,989,435,086.98 RMB in the same period last year, indicating increased operational expenditures[32]. - The company's cash and cash equivalents as of September 30, 2022, were CNY 1,793,011,542.81, down from CNY 2,495,137,067.07 at the end of 2021, a decrease of about 28.2%[24]. - The company reported cash and cash equivalents at the end of the period amounting to 1,732,429,908.33 RMB, down from 2,259,010,770.51 RMB at the end of the previous year[33]. - Operating cash inflows totaled 3,395,735,527.12 RMB, a decrease from 4,019,197,807.99 RMB year-over-year[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 24.20 billion, an increase of 13.58% from CNY 21.31 billion at the end of the previous year[6]. - The total liabilities of the company as of September 30, 2022, were CNY 18,626,756,120.00, compared to CNY 17,081,326,983.72 at the end of 2021, representing an increase of approximately 9.1%[26]. - The company's total equity as of September 30, 2022, was CNY 5,576,311,105.51, compared to CNY 4,227,984,397.30 at the end of 2021, indicating a growth of about 31.9%[26]. - The company's inventory as of September 30, 2022, was CNY 20,311,141,113.84, an increase from CNY 16,804,224,554.58 at the end of 2021, indicating a growth of approximately 20.8%[24]. - The company's accounts payable as of September 30, 2022, were CNY 925,384,104.42, compared to CNY 832,810,170.89 at the end of 2021, reflecting an increase of about 11.1%[25]. - The company's long-term borrowings as of September 30, 2022, were CNY 4,363,850,570.73, up from CNY 2,515,763,061.66 at the end of 2021, representing an increase of approximately 73.3%[26]. Operational Highlights - The company reported a 39.05% increase in costs year-on-year, contributing to the decline in net profit[11]. - Sales expenses increased by 68.71% year-on-year, further impacting profitability[11]. - The company’s real estate development and operation situation shows a significant decrease in signed area and amount compared to previous periods[19]. - The company completed the acquisition of Beijing Lifu in Q4 2021, which may influence future performance and market positioning[6]. - The company is focusing on expanding its land reserves, which has led to increased cash outflows for land payments[11]. - The company’s subsidiaries have newly started construction on an area of 208,500 square meters and completed construction on an area of 43,500 square meters from January to September 2022[19]. - The company added land reserves of 31,800 square meters and new real estate reserve construction area of 76,600 square meters during the same period[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,195[14]. - Beijing Energy Group Co., Ltd. holds 204,983,645 shares, accounting for 45.26% of the total shares[14]. - The top ten shareholders include various state-owned and individual investors, with the largest shareholder being a state-owned entity[14]. - The company has not disclosed whether there are any related relationships among the top shareholders[15]. Financing Activities - The company approved a proposal for "sale-leaseback" business with Beijing Jingneng Financing Leasing Co., Ltd.[16]. - The company plans to apply for shareholder loans from Beijing Energy Group Co., Ltd.[16]. - The company has approved the transfer of assets related to Tianchuang Technology Building[17]. - Total cash inflow from financing activities was 6,339,940,201.26 RMB, up from 2,219,180,083.82 RMB in the previous year, indicating increased financing efforts[33]. - The company raised 295,000,000.00 RMB from new investments, indicating ongoing efforts to attract capital[33].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately RMB 949.66 million, representing an increase of 11.31% compared to RMB 853.14 million in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of approximately RMB 30.35 million, a significant decrease from a profit of RMB 0.19 million in the same period last year, marking a decline of 16,146.48%[18]. - The basic earnings per share for the first half of 2022 was -0.07 yuan, compared to 0.00 yuan in the same period last year, indicating a significant decline[19]. - The company reported a net profit attributable to shareholders of -30 million yuan, a decline from the previous year, mainly due to lower gross margins from project turnover compared to the same period last year[27]. - The net profit for the first half of 2022 was a loss of ¥52,169,397.88, improving from a loss of ¥72,393,781.40 in the same period of 2021[101]. - The total comprehensive income for the period was CNY 25,386,760.66, indicating a positive performance despite the challenges faced[118]. - The company reported a total comprehensive income loss of 52,169,397.88 CNY for the current period, compared to a loss of 72,393,781.40 CNY in the same period last year, indicating an improvement of about 28%[124]. Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 1.95 billion, a decrease of 279.15% compared to positive RMB 1.09 billion in the same period last year[18]. - The company's cash and cash equivalents decreased to CNY 1.10 billion from CNY 2.50 billion, a decline of about 55.8%[88]. - The net cash flow from operating activities for the first half of 2022 was -926,726,073.35 RMB, a significant decline compared to -50,271,697.04 RMB in the same period of 2021[106]. - Cash outflow from operating activities surged to 1,113,880,033.18 RMB, compared to 133,741,352.06 RMB in the previous year[106]. - The total cash and cash equivalents at the end of the period were 172,352,405.67 RMB, down from 531,315,732.27 RMB at the end of the first half of 2021[107]. - Cash inflow from financing activities increased significantly to 2,688,500,000.00 RMB, compared to 515,000,000.00 RMB in the same period last year[107]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 22.11 billion, an increase of 11.67% from RMB 19.80 billion at the end of the previous year[18]. - The company's total liabilities decreased to CNY 16.50 billion from CNY 17.08 billion, a reduction of about 3.38%[90]. - The company's inventory increased by 12.36% to approximately ¥1.89 billion, reflecting ongoing project development investments[36]. - The company's total assets at the end of the reporting period were CNY 5,614,147,671.42, up from CNY 5,228,199.11 at the end of the previous period, marking an increase of approximately 7.4%[121]. Investment and Development - The company completed a construction area of 1.3267 million square meters, achieving 103.02% of the annual plan, with a year-on-year increase of 10.17%[27]. - New construction area reached 83,000 square meters, completing 173.64% of the annual plan, with a year-on-year increase of 83,000 square meters[27]. - The company achieved investment income of ¥158,233,745.04 in the first half of 2022, down from ¥193,352,187.89 in the same period of 2021[99]. - The company reported a significant increase in prepayments, which rose by 101.93% to approximately ¥11.71 million, indicating increased investment in construction projects[36]. Shareholder and Equity Information - The company plans to distribute a cash dividend of 0.10 yuan per share, totaling 4,528,800 yuan, based on a total share capital of 45,288 million shares[53]. - The total owner's equity at the end of the reporting period is 3,620,879,603.86 CNY, an increase from 2,520,207,314.07 CNY at the end of the previous year, representing a growth of approximately 43.7%[124]. - The company has a total of 2.16 billion yuan in merger loans approved, with a maximum term of 5 years and an interest rate not exceeding 4%[51]. Operational and Strategic Focus - The company focuses on prudent investment and stable development, aiming to optimize project reserves and ensure controllable investment risks[27]. - The company emphasizes the development of high-quality products that meet market demands, enhancing brand competitiveness through effective marketing strategies[26]. - The company aims to create a "five-type" real estate model, focusing on quality, efficiency, and stability in its operations[24]. - The company is actively involved in rural revitalization efforts, focusing on employment and consumption assistance in targeted regions[59]. Risk Management - The company faces risks related to policy changes, macroeconomic conditions, and cash flow management, which could impact its development[48]. - The company will strengthen internal fund management and explore multiple financing channels to ensure operational needs are met[49]. - The company reported no significant operational risks that could materially affect its production and operations during the reporting period[6]. Corporate Governance and Compliance - The company has maintained a good integrity status, with no unfulfilled court judgments or significant overdue debts[64]. - The company has not reported any significant litigation or arbitration matters during the reporting period[64]. - The company has committed to reducing and regulating related party transactions with its controlling shareholder, Beijing Energy Group, since June 2006[62].

Financial Performance - The company's operating revenue for 2021 was approximately CNY 2.13 billion, representing a 554.86% increase compared to CNY 325.69 million in 2020[21]. - The net profit attributable to shareholders of the listed company was CNY 5.75 million, a significant recovery from a loss of CNY 70.18 million in the previous year[21]. - The net cash flow from operating activities was CNY 2.19 billion, a substantial improvement from a negative cash flow of CNY 611.03 million in 2020[21]. - Basic earnings per share for 2021 were CNY 0.0127, recovering from a loss of CNY 0.1550 in 2020[23]. - The weighted average return on net assets increased to 0.26% from -2.69% in the previous year, indicating improved profitability[23]. - The total profit reached 129 million RMB, marking a turnaround with an increase of 192 million RMB year-on-year[38]. - The company reported a significant increase in income from the merger of Beijing Lifu Real Estate Development Co., Ltd., with a net profit of ¥3,433,876.46 for the current period[48]. - The company reported a net profit of RMB 19.58 million from its subsidiary Ningxia Jingneng Company[74]. - The company’s total comprehensive income for 2021 was CNY 6,481,015.10, recovering from a loss of CNY 73,097,501.14 in 2020[197]. Asset and Liability Management - The total assets as of the end of 2021 were CNY 9,942,029,794.11, slightly up from CNY 9,641,803,610.56 in 2020[193]. - The total liabilities for 2021 were CNY 7,421,822,480.04, compared to CNY 7,388,289,942.95 in 2020, showing a marginal increase[193]. - The company's equity increased to CNY 2,520,207,314.07 in 2021 from CNY 2,253,513,667.61 in 2020, reflecting a growth of approximately 11.8%[193]. - The company's cash and cash equivalents stood at ¥2,495,137,067.07, significantly higher than ¥1,196,522,160.86 in 2020, marking an increase of about 108.55%[187]. - The company's inventory as of December 31, 2021, was ¥16,804,224,554.58, compared to ¥16,072,623,079.29 in 2020, showing an increase of about 4.54%[187]. - The total current liabilities were ¥14,018,998,979.39, an increase from ¥8,470,139,480.42, reflecting a growth of about 65.61%[189]. - The long-term borrowings decreased to ¥2,515,763,061.66 from ¥5,464,907,328.76, a reduction of approximately 54.00%[189]. Investment and Development Activities - The company completed a total construction area of 1.6223 million square meters in 2021, with new construction area of 418,100 square meters and completed area of 378,700 square meters[31]. - The company acquired Beijing Lifu Company, which has a construction land area of 170,900 square meters and a total building scale of 536,900 square meters[32]. - The company and Longfor Company jointly acquired a land parcel in Chaoyang District, Beijing, adding 21,700 square meters of land reserve and a building scale of 47,800 square meters[32]. - The company has ongoing residential projects with a total construction area of 1,000,000 square meters and a total investment amount of RMB 2.5 billion[61]. - The company plans to achieve a total construction area of 1.2878 million square meters in 2022, with new construction area of 47,800 square meters[81]. - The company has ongoing projects in multiple regions, including Beijing and Tianjin, with significant investment amounts and construction areas[61]. Risk Management and Compliance - The company did not face any significant operational risks during the reporting period, ensuring stable business operations[7]. - The company has implemented measures to enhance its corporate governance structure, ensuring compliance with relevant laws and regulations, thereby improving independence and transparency[85]. - The company has strengthened the role of the party committee in guiding corporate governance and decision-making processes[88]. - The company has established a robust internal control system to enhance compliance and operational efficiency[87]. - The company has actively managed insider information, maintaining a registry of individuals with access to sensitive information related to significant events and periodic reports[87]. - The company faces risks related to policy changes, macroeconomic conditions, and cash flow management[82]. Shareholder and Governance Matters - The company plans to distribute a cash dividend of CNY 0.10 per 10 shares, totaling CNY 452.88 million, with the remaining undistributed profits carried forward to the next year[5]. - The company has a cash dividend policy that mandates a minimum distribution of 10% of the distributable profits each year[126]. - The company has approved a three-year dividend return plan for 2021-2023[94]. - The total compensation for the board members and senior management during the reporting period amounted to 645.37 million CNY[98]. - The company has a clear profit distribution policy that aligns with regulatory requirements and emphasizes cash dividends[129]. - The company has committed to avoiding and eliminating competition with its controlling shareholder, Beijing Energy Group, since 2006, with a long-term commitment[139]. Operational Efficiency and Strategic Focus - The company maintained a focus on prudent investment and regional deep cultivation, optimizing project reserves to ensure stable performance[32]. - The company plans to optimize project reserves and enhance operational capabilities to ensure steady growth[36]. - The company has implemented precise marketing strategies to improve inventory turnover and asset recovery[37]. - The company is focusing on expanding its market presence through new projects and strategic investments in the real estate sector[68]. - The company has a structured management team with diverse expertise in finance, law, and engineering, enhancing its operational capabilities[105]. - The company’s management indicated a focus on improving operational efficiency and exploring new market opportunities in future strategies[200].

Financial Performance - The company's operating revenue for Q1 2022 was ¥794,309,741.17, representing a significant increase of 2,278.08% compared to the same period last year[6] - The net profit attributable to shareholders was -¥19,544,141.24, showing an improvement in loss compared to -¥31,917,325.21 in the previous year[6] - The basic earnings per share for the period was -¥0.04, reflecting an improvement from -¥0.07 in the same period last year[7] - The net profit for Q1 2022 was a loss of ¥5,572,675.45, an improvement from a loss of ¥33,588,183.52 in Q1 2021[21] - The equity attributable to shareholders increased by 61.64% to ¥4,091,342,254.79, driven by the issuance of perpetual bonds worth ¥1.6 billion[7] - The weighted average return on equity improved to -1.36%, up from -1.49% in the previous year[7] Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,499,995,764.79, a decrease of 839.53% compared to the previous year, attributed to increased land reserves[7] - The company's cash flow statement for Q1 2022 is yet to be detailed, indicating ongoing assessments of cash management strategies[22] - In Q1 2022, the cash inflow from operating activities totaled approximately $1.33 billion, a significant increase from $699.86 million in Q1 2021, representing an increase of about 90%[24] - The cash outflow from operating activities in Q1 2022 was approximately $2.83 billion, compared to $497.02 million in Q1 2021, indicating a substantial increase in cash outflows[24] - The net cash flow from operating activities in Q1 2022 was negative at approximately -$1.50 billion, contrasting with a positive net cash flow of $202.83 million in Q1 2021[24] - The cash inflow from financing activities in Q1 2022 was approximately $4.05 billion, compared to $500 million in Q1 2021, marking an increase of 710%[25] - The net cash flow from financing activities in Q1 2022 was approximately $1.44 billion, a turnaround from a negative net cash flow of -$315.28 million in Q1 2021[25] - The total cash and cash equivalents at the end of Q1 2022 stood at approximately $2.38 billion, down from $1.05 billion at the end of Q1 2021[25] - The company paid approximately $2.36 billion in debt repayments during Q1 2022, compared to $540.96 million in Q1 2021, reflecting a significant increase in debt servicing[25] - The cash outflow for other financing activities in Q1 2022 was approximately $142.1 million, highlighting ongoing operational expenses[25] - The company experienced a net decrease in cash and cash equivalents of approximately -$57.96 million in Q1 2022, compared to a decrease of -$104.92 million in Q1 2021[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥22,706,208,777.34, an increase of 6.56% from the previous year[7] - The company's total assets as of Q1 2022 amounted to ¥22,706,208,777.34, up from ¥21,309,311,381.02 in the previous year, reflecting an increase of approximately 6.54%[19] - Total liabilities decreased to ¥16,659,008,945.90 in Q1 2022 from ¥17,081,326,983.72 in Q1 2021, a reduction of about 2.47%[19] - As of March 31, 2022, the company's total current assets amounted to RMB 21.75 billion, an increase from RMB 20.38 billion at the end of 2021[17] Strategic Initiatives - The company is focusing on expanding its land reserves and improving operational efficiency as part of its strategic initiatives[10] - The company approved a development loan of up to RMB 740 million with an interest rate of 4.15% for a term not exceeding 5 years[14] - The company established a project company with a registered capital of RMB 500 million, contributing RMB 255 million, representing 51% of the capital[14] - The company reported a significant increase in signed area for projects, with a year-on-year growth of 257.14% for the 京能·天下川 project[15] - The company had no new land reserves or new construction area during the reporting period[16] - The company sold a total of 275 parking spaces during the reporting period[16] - The company’s equity stake in various projects shows a diverse portfolio, with significant percentages in multiple developments[15] Cost Management - The company has maintained a focus on cost management, with operating costs rising at a slower rate than revenue growth, indicating improved operational efficiency[20] - Total operating costs for Q1 2022 were ¥787,653,719.71, compared to ¥66,824,770.97 in Q1 2021, indicating an increase of about 1,078%[20] - The company experienced a reduction in net profit attributable to shareholders after excluding non-recurring gains and losses, indicating a trend towards profitability[10] Shareholder Information - The company reported a total of 25,025 common shareholders at the end of the reporting period[12]

Financial Performance - The company's operating revenue for Q3 2021 was ¥198,032,373.67, representing a year-on-year increase of 432.26%[6] - The net profit attributable to shareholders of the listed company was a loss of ¥31,482,071.40, with a year-to-date loss of ¥25,994,618.01, indicating a significant reduction in losses compared to the previous year[6][11] - The company's revenue for the year-to-date period reached ¥1,047,908,384.75, with a year-on-year increase of 612.23% due to new completed projects[10] - Total operating revenue for the first three quarters of 2021 reached ¥1,047,908,384.75, a significant increase from ¥147,130,759.79 in the same period of 2020[24] - Net profit for the third quarter of 2021 was ¥1,981,653.06, recovering from a net loss of ¥73,987,992.34 in the same quarter of 2020[25] - Basic earnings per share for the third quarter of 2021 were -¥0.06, compared to -¥0.15 in the same quarter of 2020[26] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period increased by ¥3.1 billion, primarily due to increased sales receipts from real estate[11] - The cash inflow from operating activities was approximately CNY 3.97 billion, an increase of 12.2% compared to CNY 3.54 billion in the same period of 2020[27] - The net cash flow from operating activities turned positive at CNY 2.08 billion, compared to a negative CNY 1.00 billion in the first three quarters of 2020[27] - The total cash and cash equivalents at the end of the period reached CNY 2.22 billion, up from CNY 1.34 billion at the end of the same period last year, showing a strong liquidity position[28] - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 3.57 billion, compared to CNY 3.09 billion in the previous year[27] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥20,228,043,967.24, reflecting an increase of 11.24% compared to the end of the previous year[7] - The company’s total assets amounted to ¥20,228,043,967.24 at the end of the third quarter of 2021, compared to ¥18,183,723,530.70 in the previous year[24] - The total current liabilities increased to RMB 6.74 billion, compared to RMB 4.70 billion in the previous year, reflecting a rise of approximately 43.3%[20] - The company reported a total liability of ¥16,534,813,184.45 as of the end of the third quarter of 2021, up from ¥14,366,140,088.64 in the previous year[24] - The total equity attributable to shareholders was ¥2,004,598,551.92, a decrease from ¥2,158,116,031.37 year-over-year[24] Operational Efficiency - The basic earnings per share for the year-to-date period improved by ¥0.09, attributed to a reduction in net losses[11] - The cash outflow for operating activities decreased significantly to CNY 1.89 billion from CNY 4.54 billion year-over-year, indicating improved operational efficiency[27] - Payments to employees increased to CNY 83.47 million from CNY 54.39 million, reflecting a rise in workforce costs[27] Market Activity and Investments - The company sold a total of 524 parking spaces during the reporting period, indicating ongoing operational activity despite market challenges[17] - The company reported non-recurring gains of ¥59,699.30 for the current period, with a year-to-date loss of ¥1,188,549.11[9] - The company had no new land reserves or new construction areas during the reporting period, indicating a pause in expansion efforts[17] - The company’s long-term equity investments remained stable at RMB 52.77 million, indicating no new investments in this category during the reporting period[20] Tax and Financial Expenses - The company reported a tax expense of ¥49,212,393.74 for the third quarter of 2021, compared to ¥7,139,726.68 in the same quarter of 2020[25] - The company incurred financial expenses of ¥66,632,712.36 in the first three quarters of 2021, up from ¥53,907,879.03 in the previous year[24] - The cash outflow for taxes paid increased to CNY 376.42 million from CNY 262.19 million, indicating higher tax obligations[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,497, with the largest shareholder holding 45.26% of the shares[12][13]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥849,876,011.08, a significant increase of 673.14% compared to ¥109,924,623.52 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥4,239,204.98, recovering from a loss of ¥37,970,791.43 in the previous year[19]. - The net cash flow from operating activities was ¥1,147,071,245.75, representing a 45.51% increase from ¥788,289,029.59 in the same period last year[19]. - The basic earnings per share for the first half of 2021 was ¥0.01, compared to a loss of ¥0.08 in the same period last year[20]. - The company achieved operating revenue of 850 million RMB, an increase of 673.14% compared to the same period last year, primarily due to the completion and delivery of the Jingneng Tianxia Chuan Phase III project[28]. - The net profit for the period was 29 million RMB, marking a turnaround from a loss in the previous year, with the attributable net profit reaching 4 million RMB[28]. - The gross profit margin improved significantly, with gross profit for the first half of 2021 at ¥68,717,300.69, compared to a gross loss of ¥45,195,595.45 in the first half of 2020[93]. - The total comprehensive income for the first half of 2021 was ¥29,436,802.34, contrasting with a comprehensive loss of ¥40,641,216.86 in the first half of 2020[94]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥18,878,753,705.42, an increase of 3.82% from ¥18,183,723,530.70 at the end of the previous year[19]. - The total liabilities rose to ¥15,150,300,452.80, up from ¥14,366,140,088.64, indicating an increase of about 5.45%[86]. - The company's long-term borrowings increased by 13.02% to ¥580,814.37 million, compared to ¥513,916.65 million in the previous year[37]. - The total owner's equity attributable to shareholders decreased to ¥2,043,788,244.57 from ¥2,158,116,031.37, a decline of about 5.29%[86]. - The company's cash and cash equivalents at the end of the period amounted to ¥140,363.24 million, up 23.90% from ¥113,286.56 million year-on-year[36]. Operational Highlights - The company reported a significant increase in sales area, with a total of 88.635 million square meters sold, a year-on-year increase of 27.7%[24]. - The company focuses on real estate development in key areas such as Beijing, Tianjin, and Yinchuan, adhering to a prudent investment strategy[25]. - The company emphasizes a "real estate +" operational development model, integrating various business strategies to enhance competitiveness[26]. - The company has a stable and professional real estate development team, leveraging nearly 20 years of experience in the industry[26]. - The company’s projects include Jingneng Tianxia Chuan, Jingneng Lishu, and Jingneng Haiyucheng, among others, focusing on quality and safety in construction[25]. Risks and Challenges - The company faces macroeconomic risks due to changes in domestic and international economic conditions, which may lead to an unfavorable market environment and uncertainty in development[46]. - Cash flow risks are present if the company fails to manage the collection and allocation of funds effectively, potentially leading to operational disruptions[46]. - The competitive landscape in the real estate market is intensifying under the "housing is for living, not for speculation" policy, necessitating close monitoring of land market dynamics[46]. - The company has implemented a management mechanism to adjust development strategies based on macroeconomic and industry conditions[46]. Governance and Compliance - The company is committed to enhancing its governance capabilities and compliance systems to ensure sustainable development[27]. - There were significant changes in the board of directors, including the election of a new chairman and several new directors[54]. - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for this reporting period[5]. - The company has not disclosed any new employee stock ownership plans or other incentive measures during the reporting period[57]. Financial Management - The company will enhance internal fund management and explore innovative financing methods to ensure operational needs are met[46]. - The company reported a deposit balance of 881 million RMB with Jingneng Financial Company, generating interest income of 1 million RMB for the first half of 2021[63]. - The company approved a development loan of 400 million RMB for Beijing Jingneng Yuntai Real Estate Development Co., with a loan term of 3 years and an interest rate of 5.65%[64]. - The total amount of guarantees provided by the company, including those to subsidiaries, was 257.02 million RMB, accounting for 12.58% of the company's net assets[69]. Accounting and Reporting - The financial statements are prepared based on the accrual basis of accounting, in accordance with the accounting standards issued by the Ministry of Finance[123]. - The company recognizes revenue when control of goods or services is transferred to customers, primarily including real estate sales, property leasing, and property management income[198]. - The company assesses the recoverable amount of assets based on the higher of fair value less costs to sell and the present value of future cash flows[186]. - The company applies the cost method for long-term equity investments, recognizing investment income from cash dividends or profits declared by the invested unit, excluding any declared but unpaid dividends[167].

Financial Performance - Operating revenue for the current period was ¥31,716,237.89, representing a decrease of 61.43% year-on-year[6] - Net profit attributable to shareholders of the listed company was -¥31,917,325.21, compared to -¥7,986,611.47 in the same period last year[6] - The weighted average return on net assets decreased by 1.15 percentage points to -1.49%[6] - Basic earnings per share for the current period was -¥0.07, compared to -¥0.02 in the previous year[6] - The company's total revenue for Q1 2021 was CNY 31.7162 million, a decrease of 61.43% compared to Q1 2020[17] - Operating profit for Q1 2021 was a loss of CNY 33,163,246.24, compared to a profit of CNY 2,542,888.47 in Q1 2020[29] - Net profit for Q1 2021 was a loss of CNY 34,657,209.87, compared to a loss of CNY 5,569,079.63 in Q1 2020[30] - The company reported a comprehensive loss of CNY 34,657,209.87 for Q1 2021, compared to a loss of CNY 5,569,079.63 in Q1 2020[30] Cash Flow - Cash flow from operating activities was ¥230,734,080.92, a significant improvement from -¥370,905,210.15 in the same period last year[6] - The net cash flow from operating activities was CNY 23.07341 million, a significant improvement from a loss of CNY 37.09052 million in the same period last year[18] - In Q1 2021, the company generated operating cash inflow of RMB 687,163,794.68, an increase of 11.14% compared to RMB 618,396,394.46 in Q1 2020[35] - The net cash flow from operating activities was RMB 230,734,080.92, a significant recovery from a negative RMB 370,905,210.15 in the same period last year[35] - The company reported a net cash outflow from financing activities of RMB -311,252,969.15, worsening from RMB -95,509,382.31 in Q1 2020[36] - The net cash flow from investment activities was RMB 190,448,913.54, a recovery from a negative RMB 163,794,579.30 in the previous year[38] Assets and Liabilities - Total assets at the end of the reporting period reached ¥18,485,219,193.10, an increase of 1.66% compared to the end of the previous year[6] - The total liabilities increased by 10.99% to CNY 522.009 million due to increased contract liabilities[17] - Non-current liabilities rose to ¥6,604,532,819.07 from ¥6,104,532,819.07, indicating an increase of about 8.2%[23] - Current liabilities decreased slightly to ¥8,106,941,621.29 from ¥8,261,607,269.57, a reduction of approximately 1.87%[22] - The total liabilities increased to ¥14,711,474,440.36 from ¥14,366,140,088.64, reflecting a growth of around 2.4%[23] - Shareholders' equity totaled ¥3,773,744,752.74, down from ¥3,817,583,442.06, a decline of about 1.15%[23] - The company's retained earnings decreased to ¥751,299,288.60 from ¥792,398,093.26, a drop of approximately 5.2%[23] - The total current assets decreased to ¥2,385,998,232.88 from ¥2,606,136,005.42, a decline of about 8.43%[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,889[11] - The largest shareholder, Beijing Energy Group Co., Ltd., held 204,983,645 shares, accounting for 45.26% of the total shares[11] Rental Income and Construction - Total rental income (full scope) reached CNY 1.0695 million from 249 parking spaces and 1,207.54 square meters[13] - Total rental income (equity scope) was CNY 0.7311 million from 155 parking spaces and 1,065.28 square meters[13] - The total area of new construction started was 104.75 thousand square meters, with a year-on-year increase of 373.06% in signed area[13] - The total area under contract (equity scope) was 11.03 thousand square meters, showing a year-on-year decrease of 29.07%[15] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥20,597.51 after tax adjustments[12] - The inventory value as of March 31, 2021, was CNY 15,937.03 million, reflecting a slight increase of 2.15% from the previous period[17] - The company reported a significant decrease in accounts receivable by 95.47% to CNY 129.92 thousand, attributed to the collection of sales proceeds[17] - Management expenses increased to CNY 16,341,992.16 in Q1 2021 from CNY 16,305,674.13 in Q1 2020, reflecting a slight increase[29] - Financial expenses for Q1 2021 were CNY 16,870,725.37, a decrease from CNY 17,487,282.65 in Q1 2020[29] - Tax expenses for Q1 2021 were CNY 1,537,482.70, down from CNY 8,161,981.81 in Q1 2020[30] - Investment income for Q1 2021 was CNY 98,755,371.06, compared to CNY 65,823,325.48 in Q1 2020, indicating growth in investment returns[33]

Financial Performance - In 2020, the company's operating revenue was CNY 312.81 million, a decrease of 73.57% compared to CNY 1.18 billion in 2019[20]. - The net profit attributable to shareholders was a loss of CNY 71.33 million, a decline of 496.09% from a profit of CNY 18.01 million in 2019[20]. - The basic earnings per share for 2020 was -CNY 0.1575, a decrease of 493.75% from CNY 0.04 in 2019[22]. - The net profit attributable to shareholders showed a loss of ¥176,568,598.10 in the third quarter, while the second quarter reported a profit of ¥117,911,234.99[24]. - The company reported a significant increase in sales revenue from CNY 1,299,074,667.74 in 2019 to CNY 4,178,507,043.70 in 2020[189]. - The net loss for 2020 was CNY 73,185,575.53, compared to a net profit of CNY 33,232,050.29 in 2019, indicating a significant decline in profitability[185]. - The total comprehensive income for 2020 was a loss of CNY 90,857,939.13, compared to a gain of CNY 67,141,345.14 in 2019[188]. Assets and Liabilities - The total assets at the end of 2020 amounted to CNY 18.18 billion, an increase of 37.22% from CNY 13.25 billion in 2019[21]. - The total liabilities reached ¥14.37 billion in 2020, up from ¥9.22 billion in 2019, marking a growth of approximately 55.0%[178]. - Current liabilities amounted to ¥8.26 billion in 2020, compared to ¥2.87 billion in 2019, indicating a substantial increase of around 187.5%[177]. - The total equity decreased to CNY 2,253,513,667.61 in 2020 from CNY 2,491,857,166.74 in 2019, a decline of 9.6%[182]. - The company reported a significant increase in accounts receivable, which rose to ¥28.67 million in 2020 from ¥1.52 million in 2019, a growth of approximately 1,786.5%[176]. Cash Flow - The cash flow from operating activities was -CNY 518.72 million, compared to -CNY 5.33 billion in 2019[20]. - Cash inflow from operating activities totaled CNY 4,684,570,770.31 in 2020, up from CNY 1,599,560,158.46 in 2019[189]. - Cash flow from investing activities resulted in a net inflow of CNY 251,268,411.56 in 2020, compared to a net outflow of CNY 294,195,051.26 in 2019[190]. - The net cash flow from operating activities was -3,030,493,950.08 RMB, compared to -2,311,573,150.72 RMB in the previous year, indicating a decline in operational performance[193]. Operational Strategy - The company plans to continue focusing on its core business and managing risks effectively in the future[6]. - The company emphasizes a prudent development strategy, focusing on risk control and maintaining a stable operational approach[32]. - The company is adopting a "real estate +" development model, integrating energy, technology, and environmental resources into real estate projects to create sustainable and efficient properties[85]. - The company is committed to prudent operations, focusing on optimizing urban layouts and enhancing product quality to adapt to market trends[80]. Shareholder and Profit Distribution - The company has established a profit distribution policy that mandates a minimum cash dividend of 10% of the distributable profit each year[89]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[93]. - The company has maintained a commitment to ensuring the rights and interests of minority shareholders in its profit distribution discussions[90]. Governance and Compliance - The company strictly adheres to the requirements of the Company Law and Securities Law, continuously improving its corporate governance structure[150]. - The board of directors maintained full independence and acted diligently in the interest of all shareholders[152]. - The internal control system was evaluated as effective, with no significant deficiencies identified as of December 31, 2020[160]. - The company has registered insider information personnel in accordance with regulatory requirements[160]. Risks and Challenges - The company faces macroeconomic risks that could impact market conditions and expected returns, necessitating ongoing research and strategic adjustments[86]. - Market competition risks are heightened due to intensified competition in first- and second-tier cities, influenced by government policies and the ongoing impact of the COVID-19 pandemic[86]. - The real estate industry is expected to shift towards rational returns, influenced by rising household income and urbanization trends, despite ongoing regulatory challenges[79].

Financial Performance - Operating revenue for the first nine months was CNY 147.13 million, a decrease of 81.86% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 66.64 million, a decline of 365.79% compared to the same period last year[7] - Basic earnings per share were CNY -0.15, a decrease of 350.00% year-on-year[8] - Total operating revenue for Q3 2020 was ¥37,206,136.27, a decrease of 40.9% compared to ¥62,782,129.94 in Q3 2019[29] - Net profit for Q3 2020 was a loss of ¥33,346,775.48, compared to a profit of ¥4,104,971.19 in Q3 2019[30] - The company reported a total profit loss of ¥31,988,209.63 in Q3 2020, compared to a profit of ¥10,999,552.86 in Q3 2019[30] - Total comprehensive income for Q3 2020 was -¥25,811,341.64, compared to ¥99,602,615.00 in Q3 2019[35] Assets and Liabilities - Total assets increased by 33.43% to CNY 17.68 billion compared to the end of the previous year[7] - Total liabilities reached RMB 13.80 billion, compared to RMB 9.22 billion at the end of 2019, marking an increase of around 49.5%[24] - Current liabilities totaled RMB 5.56 billion, up from RMB 2.87 billion, which is an increase of approximately 93.5%[24] - Non-current liabilities rose to RMB 8.25 billion from RMB 6.35 billion, representing an increase of about 29.9%[24] - Total liabilities increased to ¥7,671,584,798.39 in Q3 2020 from ¥4,511,803,710.49 in Q3 2019, representing a growth of 70.5%[27] - Total liabilities and equity combined reached ¥10,007,752,179.44 in Q3 2020, up from ¥7,003,660,877.23 in Q3 2019, an increase of 42.7%[27] Cash Flow - Cash flow from operating activities was a negative CNY 1.00 billion, compared to a negative CNY 1.58 billion in the same period last year[7] - The company reported a net cash flow from operating activities of -100,374.33 million yuan, an improvement compared to -158,163.98 million yuan in the previous year[16] - The net cash flow from operating activities was -3,081,099,755.83 RMB, compared to -8,739,384.02 RMB in the same period last year, indicating a significant deterioration in operational cash flow[39] - Cash inflow from investment activities totaled 3,301,753,256.51 RMB, up from 1,951,687,179.16 RMB year-over-year, reflecting increased investment recovery[39] - Cash inflow from financing activities reached 3,777,660,000.00 RMB, compared to 2,804,500,000.00 RMB in the same period last year, indicating stronger financing efforts[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,864[11] - The largest shareholder, Beijing Energy Group, holds 45.26% of the shares[11] Inventory and Management Expenses - The company’s inventory increased by 35.29% to 1,498.75 million yuan, primarily due to new land reserves[16] - The company’s management expenses rose by 30.18% to 56.62 million yuan, driven by increased labor and management costs as the company expanded[16] Future Plans and Developments - The company has not disclosed any new product developments or market expansion strategies in this report[9] - The company has plans for market expansion and new product development, although specific figures were not disclosed in the report[25] Financing and Investments - The company plans to apply for financing of up to 2 billion yuan, guaranteed by Beijing Energy Group[20] - The company successfully acquired the Xinhuayuan shared property project in Beijing for 2,694.50 million yuan[18]