Financial Performance - The company's operating revenue for 2022 was ¥5,746,588,415.92, a decrease of 70.37% compared to ¥19,391,616,442.61 in 2021[26]. - The net profit attributable to shareholders of the listed company was -¥4,530,858,036.10, representing a decline of 571.47% from ¥961,016,789.82 in the previous year[26]. - The net cash flow from operating activities was ¥604,109,224.16, a decrease of 96.25% compared to -¥16,112,872,190.03 in 2021[26]. - The total assets at the end of 2022 were ¥130,445,892,674.77, down 8.77% from ¥142,983,457,047.13 at the end of 2021[26]. - The net assets attributable to shareholders of the listed company decreased by 19.67% to ¥20,732,666,156.44 from ¥25,809,346,744.87 in 2021[26]. - The basic earnings per share for 2022 was -¥1.21, a decrease of 565.38% compared to ¥0.26 in 2021[27]. - The weighted average return on net assets was -19.24%, a decrease of 22.85 percentage points from 3.61% in 2021[27]. - The company reported a net profit of -RMB 7.304 billion, a decline of 442.04% compared to the previous year, with net profit attributable to shareholders at -RMB 4.531 billion, down 571.47%[36]. - The comprehensive gross profit of RMB 1.396 billion, down 80.33% year-on-year[36]. Revenue Sources - Real estate sales revenue was RMB 3.948 billion, down 77.20% year-on-year, while rental income increased by 4.43% to RMB 1.447 billion[36]. - The sales revenue of managed commercial projects decreased by 21% year-on-year, while foot traffic declined by 24%[39]. - The occupancy rate of managed commercial projects fell by about 4 percentage points year-on-year, reaching a historical low[39]. - The occupancy rate of managed office buildings decreased by 5 percentage points compared to the same period in 2021, with 56% of the area vacated due to poor tenant performance[40]. Market Conditions - The company reported a significant risk related to the forced execution of assets amounting to ¥16.288 billion, which accounts for 39.91% of the company's net assets[4]. - The company achieved total operating revenue of RMB 5.747 billion in 2022, a year-on-year decrease of 70.37%[36]. - Total sales contracts signed amounted to RMB 9.2 billion, a decrease of 68% year-on-year, achieving 70% of the annual target[37]. - The area of sales contracts signed was 700,000 square meters, down 56% year-on-year, with a reduction in the decline rate of approximately 15 percentage points compared to the first half of the year[37]. - The company is actively seeking policy support and has applied for credit enhancement to issue bonds for financing[40]. Cost Management - Real estate costs significantly decreased to CNY 3,922,057,226.85, accounting for 91.33% of total costs, a 67.24% decline compared to the previous year[61]. - Total costs for the period amounted to CNY 4,294,150,803.77, down 64.71% from CNY 12,169,799,259.82 in the same period last year[61]. - Marketing expenses decreased by 65.49% to CNY 451,973,431.42 due to reduced property sales revenue[65]. - Management expenses were reduced by 16.20% to CNY 715,042,362.34 as the company implemented strict cost controls[65]. Strategic Initiatives - The company plans to optimize its dual-driven operational model of "real estate development and sales + commercial operation and management" to reduce reliance on traditional real estate operations[50]. - The company aims to enhance its service ecosystem by integrating supply chain resources to provide better user experiences[51]. - The company is focusing on diversifying its product offerings to meet various customer needs in lifestyle, office, and entertainment sectors[50]. - The company is committed to integrating green operations into its business model, aligning with national "dual carbon" strategies[137]. Governance and Compliance - The board of directors operates independently, ensuring major decisions are made by the shareholders' meeting and the board, without interference from the controlling shareholder[100]. - The audit committee effectively supervises the regular reporting process through communication with the finance department and accounting firms[99]. - The company has established a system for insider information management, ensuring no insider trading occurs before sensitive information disclosure[100]. - The company respects the rights of stakeholders, including banks and employees, to promote stable business development[99]. Future Outlook - The company plans to focus on cash flow management, emphasizing collection and operational efficiency to enhance financial health[91]. - The company anticipates a weak recovery in the commercial market at least until mid-2023, as tenant confidence remains fragile[94]. - The company aims to deliver 14,000 housing units in 2023, with key projects like Jiangcun, Fuzhou, and Changsha expected to contribute over 1,000 units each[90]. - The company is exploring new business opportunities driven by social changes such as consumption upgrades and urban renewal projects[88]. Related Party Transactions - The company reported a total of 19,051,000 RMB in transactions with related parties, with the largest being 9,710,000 RMB for property management services[150]. - The company has reported a significant increase in related party transactions compared to the previous year, with a total of 5,102,000 RMB in expected amounts[149]. - The company’s financial dealings with related parties show a mix of increases and decreases in funding, indicating a dynamic relationship with its affiliates[155]. Debt Management - The total amount of guarantees provided by the company, including those to subsidiaries, is RMB 115.83 billion, which accounts for 57.52% of the company's net assets[164]. - The company has provided a guarantee of RMB 10.38 billion for a loan to Jinan Junmao Real Estate, with a maturity date of August 21, 2023[164]. - The company is actively managing its debt repayment strategies to maintain financial stability amid market challenges[190]. - The company has successfully held meetings with bondholders to discuss the extension of repayment schedules for four bonds, including 19 Shimao G3 and 20 Shimao G2[193].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,112,448,689.60, representing a decrease of 57.90% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 149,056,247.51, an increase of 54.32% year-on-year[7]. - The net cash flow from operating activities decreased by 44.72% to CNY 904,434,851.67, primarily due to reduced sales collections[12]. - Total revenue for Q1 2023 was CNY 1,112,448,689.60, a decrease of 57.9% compared to CNY 2,642,181,418.37 in Q1 2022[23]. - Net profit for Q1 2023 was CNY 155,539,641.02, a decline of 48.3% from CNY 301,441,722.77 in Q1 2022[24]. - The profit attributable to shareholders of the parent company for Q1 2023 was CNY 149,056,247.51, compared to CNY 96,590,071.95 in Q1 2022, indicating a significant increase[24]. - The total comprehensive income for Q1 2023 was CNY 155,876,637.04, down from CNY 270,290,302.62 in Q1 2022[24]. Cash Flow - In Q1 2023, the cash inflow from operating activities was CNY 2,727,499,338.40, a decrease of 49.3% compared to CNY 5,373,155,892.16 in Q1 2022[25]. - The net cash flow from operating activities was CNY 904,434,851.67, down 44.7% from CNY 1,636,051,250.38 in the same period last year[25]. - Cash inflow from investment activities totaled CNY 81,043,000.00, a decrease of 52.7% from CNY 171,505,172.00 in Q1 2022[26]. - The net cash flow from investment activities was CNY 52,558,582.68, down 29.1% from CNY 73,996,616.34 in the previous year[26]. - Cash inflow from financing activities was CNY 44,130,000.00, significantly lower than CNY 720,000,000.00 in Q1 2022[26]. - The net cash flow from financing activities was -CNY 866,431,225.66, compared to -CNY 4,532,347,196.04 in the same quarter last year[26]. - The ending balance of cash and cash equivalents was CNY 3,303,701,455.22, down from CNY 5,734,261,837.79 at the end of Q1 2022[26]. - The company reported a significant decrease in cash received from sales of goods and services, totaling CNY 1,202,905,772.56, down 63.5% from CNY 3,297,914,246.65 in Q1 2022[25]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 130,715,245,283.15, reflecting a slight increase of 0.21% from the previous year[7]. - Total liabilities as of Q1 2023 amounted to CNY 89,897,413,072.19, slightly up from CNY 89,637,545,798.02 in the previous period[19]. - The total liabilities stood at CNY 69,440,961,926.61, with current liabilities including short-term borrowings of CNY 1,000,500,000.00, which is relatively stable compared to CNY 1,001,797,397.26 previously[18]. - The company reported cash and cash equivalents of CNY 4,002,869,541.78, compared to CNY 3,971,147,389.82 in the previous period, showing an increase of approximately 0.8%[17]. - The company reported a significant increase of 126.88% in accounts payable, totaling CNY 4,424,257,655.29, primarily due to bond extensions[13]. - The company’s accounts payable increased to CNY 16,715,523,837.49 from CNY 16,543,796,062.85, representing a rise of about 1.04%[18]. - The total non-current assets were reported at CNY 61,274,283,356.54, down from CNY 62,078,750,062.55, indicating a decrease of approximately 1.3%[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 43,374[15]. - The company's basic earnings per share for the period was CNY 0.04, an increase of 32.45% year-on-year[7]. - Earnings per share for Q1 2023 were CNY 0.04, up from CNY 0.03 in Q1 2022[24]. - The weighted average return on equity was 0.72%, an increase of 0.35 percentage points compared to the previous year[7]. - Total equity reached CNY 40,817,832,210.96 in Q1 2023, compared to CNY 40,808,346,876.75 in Q1 2022[19]. Operational Insights - The company has not disclosed any new product launches or technological advancements in the current report[17]. - There are no significant mergers or acquisitions reported in the current quarter, and the focus appears to be on maintaining existing operations and financial stability[17]. - The company did not report any net profit from the merged entity prior to the merger, with previous net profit also reported as CNY 0[25]. - The company is not applying new accounting standards for the first time in 2023[27].

| 证券代码：600823 | 证券简称：世茂股份 | 公告编号：临2023-011 | | --- | --- | --- | | 债券代码：155391 | 债券简称：19世茂G3 | | | 债券代码：163216 | 债券简称：20世茂G1 | | | 债券代码：163644 | 债券简称：20世茂G2 | | | 债券代码：175077 | 债券简称：20世茂G3 | | | 债券代码：175192 | 债券简称：20世茂G4 | | 上海世茂股份有限公司 2023 年 3 月房地产项目经营情况简报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2023 年 1-3 月，上海世茂股份有限公司（以下简称：公司）无新增房地产储 备项目。 2023 年 1-3 月，公司房地产出租面积约 172 万平方米，取得租赁收入约 2.9 亿元，综合出租率约为 86%。 以上经营数据未经审计，与定期报告数据可能存在差异，仅供投资者了解公 司阶段性经营情况作参考。 特此公告。 上海世茂股份有限公司 董事会 2023 年 4 月 ...

| 证券代码：600823 | 证券简称：世茂股份 | 公告编号：临2023-008 | | --- | --- | --- | | 债券代码：155391 | 债券简称：19世茂G3 | | | 债券代码：163216 | 债券简称：20世茂G1 | | | 债券代码：163644 | 债券简称：20世茂G2 | | | 债券代码：175077 | 债券简称：20世茂G3 | | | 债券代码：175192 | 债券简称：20世茂G4 | | 上海世茂股份有限公司 2023 年 1-2 月，公司实现销售签约面积约 7.8 万平方米，同比下降 34%；销 售签约金额约 15 亿元，同比下降 3%。 以上经营数据未经审计，与定期报告数据可能存在差异，仅供投资者了解公 司阶段性经营情况作参考。 特此公告。 上海世茂股份有限公司 董事会 2023 年 3 月 7 日 2023 年 2 月房地产项目经营情况简报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2023 年 1-2 月，上海世茂股份有限公司（以下简称：公司）无新增 ...

| 证券代码：600823 | 证券简称：世茂股份 | 公告编号：临2023-004 | | --- | --- | --- | | 债券代码：155391 | 债券简称：19世茂G3 | | | 债券代码：163216 | 债券简称：20世茂G1 | | | 债券代码：163644 | 债券简称：20世茂G2 | | | 债券代码：175077 | 债券简称：20世茂G3 | | | 债券代码：175192 | 债券简称：20世茂G4 | | 上海世茂股份有限公司 2023 年 1 月房地产项目经营情况简报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2023 年 1 月，上海世茂股份有限公司（以下简称：公司）无新增房地产储 备项目。 2023 年 1 月，公司实现销售签约面积约 3.3 万平方米，同比下降 14%；销售 签约金额约 5.1 亿元，同比下降 7%。 以上经营数据未经审计，与定期报告数据可能存在差异，仅供投资者了解公 司阶段性经营情况作参考。 特此公告。 上海世茂股份有限公司 董事会 2023 年 2 ...

特此公告。 上海世茂股份有限公司 2022 年 1-12 月，上海世茂股份有限公司（以下简称：公司）无新增房地产 储备项目。 2022 年 1-12 月，公司房地产新开工面积 60 万平方米，同比下降 67%；竣 工面积约 57 万平方米，同比下降 64%；销售签约面积约 70 万平方米，同比下降 56%；销售签约金额约 92 亿元，同比下降 68%，完成年度签约目标的 70%。 2022 年 1-12 月，公司房地产出租面积约 172 万平方米，取得租赁收入约 12.5 亿元，综合出租率约为 87%。 以上经营数据未经审计，与定期报告数据可能存在差异，仅供投资者了解公 司阶段性经营情况作参考。 | 证券代码：600823 | 证券简称：世茂股份 | 公告编号：临2023-001 | | --- | --- | --- | | 债券代码：155391 | 债券简称：19世茂G3 | | | 债券代码：163216 | 债券简称：20世茂G1 | | | 债券代码：163644 | 债券简称：20世茂G2 | | | 债券代码：175077 | 债券简称：20世茂G3 | | | 债券代码：175192 | 债 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥925,416,870.39, a decrease of 70.79% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥32,220,326.02, representing a decline of 168.82% year-on-year[6]. - The basic earnings per share were -¥0.01, down 149.81% from the previous year[8]. - The company faced a significant decrease in revenue and profit primarily due to the impact of the pandemic on property sales[12]. - Total revenue for the first three quarters of 2022 was CNY 4,504,802,670.92, a decrease of 70.2% compared to CNY 15,069,722,570.03 in the same period of 2021[23]. - The company reported a net loss of CNY 560,612,291.76 for the first three quarters of 2022, compared to a net profit of CNY 2,397,275,426.98 in the same period of 2021[24]. - The net profit attributable to the parent company for Q3 2022 was -380,640,318.53 CNY, compared to a profit of 1,190,119,833.04 CNY in the same period of 2021, indicating a significant decline[25]. - The total comprehensive income for Q3 2022 was -687,028,282.38 CNY, compared to 2,538,307,994.92 CNY in Q3 2021, reflecting a substantial loss[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥137,448,359,451.93, a decrease of 3.87% compared to the end of the previous year[8]. - Current liabilities totaled CNY 70,667,967,337.29 as of September 30, 2022, an increase of 7.6% from CNY 65,950,666,679.46 at the end of 2021[22]. - Non-current liabilities decreased to CNY 18,482,200,622.57 from CNY 28,047,570,593.20, a reduction of 34.1%[22]. - The company reported a total equity attributable to shareholders of ¥25,314,660,523.42, down 1.92% from the previous year[8]. - The company’s total equity decreased to CNY 48,298,191,492.07 from CNY 48,985,219,774.47, a decline of 1.4%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,347,043,955.68, an increase of 39.91% year-on-year[8]. - Cash inflows from operating activities for the first three quarters of 2022 totaled 9,829,370,000.65 CNY, a decrease of 59.1% from 24,059,969,241.58 CNY in the same period of 2021[27]. - The net cash flow from operating activities for the first three quarters of 2022 was 1,347,043,955.68 CNY, an increase of 40.0% compared to 962,759,623.75 CNY in the same period of 2021[27]. - The net cash flow from investing activities for Q3 2022 was -77,164,129.57 CNY, compared to -4,187,512,606.90 CNY in Q3 2021, showing a reduction in cash outflow[28]. - The net cash flow from financing activities for Q3 2022 was -5,933,033,025.45 CNY, a decrease from a positive cash flow of 6,868,786,536.89 CNY in Q3 2021[28]. - The company reported a total cash outflow from operating activities of 8,482,326,044.97 CNY for the first three quarters of 2022, compared to 23,097,209,617.83 CNY in the same period of 2021[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,671[16]. - The largest shareholder, Peak Win International Limited, holds 1,640,520,000 shares, representing 43.7% of the total shares[16]. Inventory and Receivables - The company’s inventory remained relatively stable, with a slight decrease of 1.28% to ¥61.38 billion from ¥62.17 billion[14]. - Accounts receivable dropped by 63.60% to ¥791.72 million from ¥2.18 billion, primarily due to the recovery of initial sales proceeds[14]. - The company’s other receivables increased by 28.57% to ¥5.36 billion from ¥4.17 billion, mainly due to government funding regulatory requirements[14].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,579,385,800.53, a decrease of 69.92% compared to CNY 11,901,053,216.66 in the same period last year[18]. - The net profit attributable to shareholders was a loss of CNY 348,419,992.51, representing a decline of 130.47% from a profit of CNY 1,143,304,612.76 in the previous year[18]. - Basic earnings per share for the first half of 2022 were -CNY 0.09, a decrease of 130.48% compared to CNY 0.30 in the same period last year[19]. - The weighted average return on equity was -1.36%, down from 4.29% in the previous year, a decrease of 5.65 percentage points[19]. - The company reported a non-operating loss from the disposal of non-current assets amounting to CNY -26,428,102.37[21]. - The company reported a non-recurring profit of approximately 13.36 million yuan after tax adjustments in the first half of 2022[22]. - The company’s net profit after deducting non-recurring gains and losses for the first half of 2022 is -361,777,652.99 RMB, a decrease of 132.43% compared to the same period last year[129]. - The company's total debt repayment amount due to subsidiaries that failed to repay principal reached 267,279.04 million RMB as of June 30, 2022[130]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 1.92% to CNY 2,527,461,375.33 from CNY 2,479,887,822.78 in the same period last year[18]. - The company is facing liquidity risks and has implemented measures to address the funding needs for maturing debts, including increasing sales promotion efforts and negotiating with financial institutions for debt extensions[95]. - The company reported a significant decline in revenue, with total operating income of approximately CNY 3.58 billion, down 69.92% from CNY 11.90 billion in the same period last year[54]. - The financing activities generated a net cash outflow of RMB 5,610,724,691.81, compared to a net inflow of RMB 4,633,804,928.11 in the previous period[138]. - The company has actively managed its debt, with approximately CNY 2.95 billion in public market debt maturing in the second half of the year, and has already initiated extensions for some debts[52]. Market Conditions and Industry Trends - In the first half of 2022, the total area of commercial housing transactions in China was approximately 689 million square meters, a year-on-year decrease of 22.2%, with total sales amounting to about 6.6 trillion yuan, down 28.9% year-on-year, marking the highest decline in history[24]. - The average price index of newly built residential properties in 70 large and medium-sized cities turned negative for the first time since 2015, with a year-on-year decrease of 1.3% as of June 2022[25]. - The real estate sector is experiencing a structural adjustment period, with significant impacts from regulatory policies and economic downturns[24]. - The number of new long-term loans for residents remained low, with a negative growth rate for six consecutive months, indicating a sustained weakening of market demand[25]. - The overall economic recovery is expected to face challenges, with potential risks of slower recovery and market uncertainties[76]. Strategic Initiatives and Future Outlook - The company is focusing on a dual-driven operational model of "real estate development and sales + commercial operation and management" to enhance efficiency and reduce reliance on traditional high-leverage models[36]. - The company anticipates a moderate recovery in the macroeconomic environment in the second half of the year, driven by policy measures and a gradual easing of pandemic-related restrictions[43]. - The company aims to become a sustainable commercial real estate operator, focusing on enhancing operational efficiency and reducing costs[45]. - The company plans to increase its focus on light asset management, with 7 light asset projects currently under management, totaling approximately 330,000 square meters[50]. - The company has initiated the "Shimao Crazy Sale Festival" across 9 cities to boost sales and customer traffic, aiming for significant growth in performance[49]. Asset Management and Investments - The total assets decreased by 3.28% to CNY 138,300,697,958.56 from CNY 142,983,457,047.13 at the end of the previous year[18]. - The company is seeking buyers for its assets and aims to transition from a heavy asset model to a light asset model to enhance liquidity[52]. - The company has paused land investments and is categorizing projects to ensure key projects progress while adjusting the development pace of others[52]. - The company holds a total of 1,777 hectares of planned construction area, with a total building area of 2,451 million square meters[60]. - The company has a diverse portfolio of projects, with a notable focus on regions like Jiangsu, Zhejiang, and Guangdong[60]. Shareholder and Corporate Governance - The total number of common shareholders as of the end of the reporting period is 43,496[113]. - The largest shareholder, Peak Win International Limited, holds 1,640,520,000 shares, accounting for 43.73% of total shares[115]. - The company has committed to ensuring that independent directors make up at least one-third of the board members after the completion of its asset acquisition[93]. - The company has not disclosed any strategic investors or general corporations becoming top ten shareholders during the reporting period[117]. - The company has maintained transparency with investors regarding its financial obligations and commitments[121]. Environmental and Social Responsibility - The company implemented a photovoltaic green electricity project at Shishi Shimao Tower, generating approximately 355,100 kWh of electricity by June 2022[89]. - The company participated in various environmental activities, including the "Earth Hour" event to promote low-carbon living[89]. - The company is committed to sustainable development and has received LEED Gold certification for its Shenzhen Qianhai Shimao Building[87]. - The company saved approximately 102 kg of plastic through reduced packaging usage in its projects during the first half of 2022[88]. Financial Reporting and Compliance - The company’s financial statements are prepared in accordance with the enterprise accounting standards, reflecting the financial position as of June 30, 2022[165]. - The company focuses on mergers and acquisitions, distinguishing between mergers under common control and those not under common control, impacting how assets and liabilities are measured[170]. - The company recognizes foreign currency translation differences in other comprehensive income when disposing of foreign operations and losing control[185]. - The company has not reported any overdue bonds during the reporting period[121]. - The company has maintained its ability to continue operations for at least 12 months from the end of the reporting period[164].

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,642,181,418.37, representing a decrease of 28.34% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥96,590,071.95, down 59.08% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥89,645,870.35, a decrease of 61.33% compared to the previous year[5]. - Total operating revenue for Q1 2022 was ¥2,642,181,418.37, a decrease of 28.4% compared to ¥3,687,055,803.40 in Q1 2021[21]. - Net profit for Q1 2022 was ¥301,441,722.77, a decline of 41.6% from ¥516,966,690.70 in Q1 2021[22]. - The company’s total comprehensive income for Q1 2022 was ¥270,290,302.62, down from ¥501,543,211.72 in Q1 2021[23]. - Earnings per share for Q1 2022 were ¥0.03, compared to ¥0.06 in Q1 2021[23]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 234.87% to ¥1,636,051,250.38[6]. - The company reported a significant increase in investment cash flow, up 124.58% due to increased cash receipts from investments[10]. - In Q1 2022, the net cash flow from operating activities was ¥1,636,051,250.38, a significant improvement from -¥1,213,070,032.70 in Q1 2021[27]. - Total cash inflow from operating activities in Q1 2022 was ¥5,373,155,892.16, down 47.5% from ¥10,234,352,015.71 in Q1 2021[27]. - Cash outflow from operating activities in Q1 2022 was ¥3,737,104,641.78, a decrease of 67.4% compared to ¥11,447,422,048.41 in Q1 2021[27]. - The company received ¥169,000,000.00 from investment recoveries in Q1 2022, compared to no such cash inflow in Q1 2021[27]. - The company paid ¥154,773,688.90 in employee compensation in Q1 2022, down 45.3% from ¥283,109,618.29 in Q1 2021[27]. - The company reported a cash outflow of ¥482,683,098.15 for taxes in Q1 2022, a decrease of 62.2% from ¥1,277,507,527.88 in Q1 2021[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥138,490,660,292.94, a decrease of 3.14% from the end of the previous year[6]. - Total liabilities as of Q1 2022 amounted to ¥89,235,150,215.85, a decrease from ¥93,998,237,272.66 in the previous year[19]. - Total equity increased to ¥49,255,510,077.09 in Q1 2022 from ¥48,985,219,774.47 in Q1 2021[19]. - The company reported a decrease in accounts payable from ¥17,575,270,573.23 in Q1 2021 to ¥15,678,750,150.29 in Q1 2022, a reduction of approximately 10.8%[18]. - As of March 31, 2022, total current assets amount to approximately 76.67 billion RMB, down from 81.03 billion RMB at the end of 2021, a decrease of about 5.2%[17]. - Total assets as of March 31, 2022, are approximately 138.49 billion RMB, compared to 142.98 billion RMB at the end of 2021, a decrease of about 3.1%[17]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 43,336[12]. - The top 10 shareholders hold a total of 2,883,000,000 shares, representing 76.55% of the total shares[12]. Risk Management - The company has a liquidity risk, having repaid approximately 3.5 billion RMB in public market bonds in the first quarter[14]. - The company plans to strengthen sales fund recovery and increase asset disposal efforts to mitigate liquidity risks[14]. - The company has implemented various debt restructuring plans to ensure long-term sustainable development[14]. Inventory and Receivables - Accounts receivable decreased by 27.10% to ¥1,585,891,001.57, attributed to improved collection management[10]. - Inventory as of March 31, 2022, is approximately 60.42 billion RMB, down from 62.17 billion RMB at the end of 2021, a decrease of about 2.8%[17]. - Accounts receivable decreased from approximately 2.18 billion RMB to about 1.59 billion RMB, a reduction of approximately 27.8%[17]. - The company's cash and cash equivalents decreased by 21.02% to ¥7,021,432,278.56[10]. - The company reported a decrease in cash and cash equivalents from approximately 8.89 billion RMB at the end of 2021 to about 7.02 billion RMB as of March 31, 2022, a decline of approximately 21%[17].

Financial Performance - In 2021, the company's operating revenue was CNY 19.39 billion, a decrease of 10.66% compared to CNY 21.71 billion in 2020[21]. - The net profit attributable to shareholders was CNY 961 million, down 38.01% from CNY 1.55 billion in the previous year[21]. - The basic earnings per share decreased by 36.59% to CNY 0.26 from CNY 0.41 in 2020[22]. - The total assets at the end of 2021 were CNY 142.98 billion, a decrease of 4.23% from CNY 149.30 billion in 2020[21]. - The net cash flow from operating activities was negative CNY 16.11 billion, compared to a positive CNY 4.84 billion in 2020[21]. - The weighted average return on equity decreased to 3.61% from 5.90% in 2020, a decline of 2.29 percentage points[22]. - The net assets attributable to shareholders at the end of 2021 were CNY 25.81 billion, a slight decrease of 1.07% from CNY 26.09 billion in 2020[21]. - The cash balance at the end of the reporting period was CNY 8.891 billion, a decrease of 38.06% year-on-year, with a cash-to-short-term debt ratio of 0.54[38]. - The company reported a total financing amount of CNY 37,629.74 million, with an average financing cost of 6.75%[77]. Revenue and Sales - In 2021, the company's total operating revenue was CNY 19.392 billion, a decrease of 10.66% year-on-year, with real estate sales revenue at CNY 17.316 billion, down 14.46%[38]. - The company achieved a total sales contract of CNY 28.8 billion for the year, a year-on-year increase of 6%, with a sales area of 1.59 million square meters, up 47%[38]. - The total sales area for residential properties in the first half of 2021 reached 88.64 million square meters, a year-on-year increase of 27.7%[33]. - The company emphasized its focus on strategic urban development in eight key city clusters, aiming to enhance operational efficiency and create value[31]. - The company’s commercial projects saw a significant increase in sales and foot traffic, with sales up 40% and foot traffic up 61% year-on-year[39]. Market Strategy and Development - The company plans to focus on risk management and strategic development in the upcoming years[6]. - The company plans to continue expanding its market presence while adhering to national policies and focusing on high-standard commercial properties[31]. - The company is focusing on expanding its presence in key markets, including Jiangsu and Guangdong provinces[66]. - The company plans to achieve a contract sales target of 13 billion RMB in 2022, with a planned sales rate of 45%[86]. - The company is actively expanding its market presence with 45 new projects planned, contributing to a projected growth in sales[70]. Operational Efficiency - The company plans to continue optimizing its dual-driven operational model of real estate development and commercial management to adapt to market changes[42]. - The company aims to maintain the vacancy rate of quality commercial projects below 5% and increase rental rates by 5-10 percentage points for underperforming projects[87]. - The company will focus on developing its light asset management business and expand its presence in key urban areas[87]. - The company is committed to improving operational quality and efficiency through inventory reduction and structural adjustments[84]. Governance and Compliance - The board of directors strictly adhered to their commitments, ensuring independent opinions and constructive suggestions on the company's strategic development and major operational decisions[97]. - The company maintained complete separation from its controlling shareholders in personnel, assets, institutions, finance, and business, ensuring independent operational capabilities[99]. - The company has established a system for insider information management, with no incidents of insider trading prior to the disclosure of sensitive information[98]. - The company’s governance practices align with legal and regulatory requirements, ensuring compliance and transparency in its operations[98]. - The company has established specialized committees under the board, including audit, nomination, compensation, and strategic committees, to enhance governance[119]. Risk Management - The company emphasizes risk control, operational excellence, and management precision as key capabilities for navigating market fluctuations[85]. - The company acknowledges risks related to the cyclical recovery of the real estate market and potential impacts from renewed COVID-19 outbreaks[90]. - The company will implement measures to mitigate liquidity risks, including deferring heavy asset investments and optimizing non-core assets[88]. - The company is facing tightening financing channels, which may impact its future capital raising efforts[197]. Future Outlook - Future guidance suggests a revenue growth target of 15% for the next fiscal year, driven by new product launches and market expansion strategies[70]. - The company plans to invest in new technologies, with a budget allocation of 500 million RMB for R&D in the upcoming year[70]. - The company is committed to ESG management, focusing on green buildings and sustainable operations[89]. - The company plans to achieve rental income of 1.42 billion yuan in 2022, representing steady growth compared to 2021[87]. Compensation and Remuneration - The total pre-tax compensation for the Chairman, Wu Linghua, was 2.68 million CNY[102]. - The total pre-tax compensation for the independent director, Wu Sizong, was 142,500 CNY[102]. - The total pre-tax compensation for the independent director, Xu Jianxin, was 87,500 CNY[102]. - The total pre-tax compensation for the independent director, Qian Xieliang, was 87,500 CNY[102]. - The total pre-tax compensation for the independent director, Wang Hongwei, was 87,500 CNY[102]. - The total pre-tax compensation for the independent director, Li Dapei, was 55,000 CNY[102]. Related Party Transactions - The company reported a related party transaction amounting to 1,653.5 million yuan, which was conducted in accordance with legal procedures and did not harm the interests of the company or minority shareholders[122]. - The company reported a total of 60,127.90 million RMB in funds provided to related parties, with a net increase of 25,692.54 million RMB during the reporting period[162]. - The company has a balance of 36,516.07 million RMB with Shenzhen Shenshi Shanju Industrial Co., Ltd., reflecting an increase of 880.39 million RMB[162]. Debt and Financing - The company has significant repayment pressure with a large amount of bonds maturing within the next year, which could affect future financing[197]. - The company has issued corporate bonds with a total value of 4.65% interest rate, maturing in 2022[191]. - The company has a bond that will mature in 2023 with an interest rate of 4.12% and annual interest payments[200]. - The company has provided a joint liability guarantee of RMB 40 million for a loan from China Industrial Bank, with a remaining balance of RMB 7.5 million as of the end of the reporting period[171].