2022年年度报告 公司代码：601588 公司简称：北辰实业 北京北辰实业股份有限公司 2022 年年度报告 ...

2022 年第三季度报告 证券代码：601588 证券简称：北辰实业 北京北辰实业股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信 息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 1 / 22 2022 年第三季度报告 单位：元 币种：人民币 注:"本报告期"指本季度初至本季度末 3 个月期间，下同。 一、 主要财务数据 主要会计数据和财务指标 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------|---------------|-------------------|--- ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,925,727,273, representing a decrease of 72.29% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 279,877,797, a decline of 897.94% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 297,663,245, reflecting a decrease of 1,192.00% compared to the previous year[3]. - Operating revenue for the current reporting period decreased by 72.29% due to the impact of macroeconomic adjustments on the real estate sector[8]. - Net profit attributable to shareholders of the listed company for the current reporting period decreased by 897.94%[8]. - The basic and diluted earnings per share were both CNY -0.08, indicating a 500.00% decline year-on-year[3]. - The basic earnings per share for the current reporting period decreased by 500.00%[9]. - The company reported a total profit of CNY -722.94 million for the first three quarters of 2022, compared to a profit of CNY 647.50 million in the same period of 2021[26]. - Total operating revenue for the first three quarters of 2022 was CNY 8.77 billion, a decrease of 49.3% compared to CNY 17.27 billion in the same period of 2021[23]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was a loss of CNY 787.61 million, compared to a profit of CNY 312.46 million in the same period of 2021[27]. - Total profit for the first three quarters of 2022 was CNY 205,101,831, down 55.3% from CNY 458,557,047 in the same period of 2021[41]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 70,143,998,327, down 12.12% from the end of the previous year[4]. - The equity attributable to shareholders decreased to CNY 13,568,774,017, a reduction of 12.51% compared to the previous year[4]. - Total current assets decreased to 56.659 billion yuan from 65.350 billion yuan, a decline of approximately 13.0%[18]. - Total liabilities decreased to 53.308 billion yuan from 60.445 billion yuan, a reduction of approximately 11.8%[21]. - The company's total equity decreased to CNY 10,320,528,508 as of September 30, 2022, from CNY 11,254,697,259 at the end of 2021, indicating a decline of about 8.26%[38]. - Long-term borrowings decreased to CNY 10,246,195,614 as of September 30, 2022, from CNY 12,095,115,407 at the end of 2021, a decline of 15.3%[37]. - The company's short-term borrowings decreased to 32.027 billion yuan from 38.272 billion yuan, a decline of approximately 16.0%[20]. - Total liabilities decreased to CNY 32,490,971,629 as of September 30, 2022, from CNY 35,678,136,244 at the end of 2021, a reduction of approximately 6.14%[37]. Cash Flow - The cash flow from operating activities was not applicable for the current period, but for the year-to-date, it was CNY 3,284,863,750, down 25.14% from the previous year[3]. - The net cash flow from operating activities for the first three quarters of 2022 was CNY 3.28 billion, a decrease of 25.1% from CNY 4.39 billion in the same period of 2021[30]. - Cash inflow from financing activities totaled CNY 5,346,086,083 in the first three quarters of 2022, a decrease of 58% compared to CNY 12,773,148,828 in the same period of 2021[32]. - Net cash flow from financing activities was negative CNY 8,785,962,680 for the first three quarters of 2022, worsening from negative CNY 4,622,100,329 in the same period of 2021[32]. - The company's cash and cash equivalents decreased by CNY 5,575,718,138 in the first three quarters of 2022, compared to a decrease of CNY 1,303,609,710 in the same period of 2021[33]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 290,079,871, a decline of 58.7% compared to CNY 700,907,921 in the same period of 2021[44]. - Cash flow from investing activities generated a net inflow of CNY 1,007,198,438 in the first three quarters of 2022, compared to a net outflow of CNY 2,289,286,128 in the same period of 2021[45]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 141,823[11]. - The largest shareholder, Beichen Group, holds 1,161,000,031 shares, representing 34.482% of total shares[11]. - The second-largest shareholder, HKSCC NOMINEES LIMITED, holds 688,138,199 shares, representing 20.438% of total shares[11]. Government Subsidies - Non-recurring gains and losses totaled 17,785,448 RMB for the current reporting period, with a significant portion attributed to government subsidies of 3,572,496 RMB[7]. - The total amount of government subsidies recognized in the current period was 3,572,496 RMB, with a cumulative amount of 7,002,138 RMB since the beginning of the year[7]. Corporate Governance and Compliance - The company assures that the financial information in the quarterly report is true, accurate, and complete, with no false records or significant omissions[2]. - The company has implemented new accounting standards starting from 2022, affecting the financial statements for the first year of implementation[47]. - The board of directors consists of eight members, including five executive directors and three independent non-executive directors[47]. - The company is committed to ensuring the accuracy of its financial reporting under the new standards[47]. - The implementation of the new accounting standards is expected to enhance transparency in financial reporting[47]. - The board is focused on strategic decision-making to align with the new accounting requirements[47]. - The company aims to improve its financial performance through adherence to the new standards[47]. - The announcement reflects the company's commitment to corporate governance and compliance[47]. Real Estate and Construction - The company completed the acquisition of 100% equity in Beijing International Exhibition Center, which was included in the consolidated financial statements[5]. - The merger with Beijing International Exhibition Center is considered a business combination under common control, affecting the financial reporting[6]. - Total land reserves are 5.1638 million square meters, with equity land reserves at 4.6028 million square meters[15]. - The company achieved a sales area of 489,900 square meters, a year-on-year decrease of 38.61%, with a sales amount of 10.469 billion yuan, down 26.60% year-on-year[15]. - New construction area was 355,800 square meters, with a recovery area of 4.151 million square meters and a completion area of 1.0719 million square meters[15].

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 6,840,511,000, a decrease of 33.75% compared to the same period last year[3]. - Operating profit for the same period was RMB 108,959,000, down 92.58% year-on-year[3]. - Loss attributable to ordinary shareholders was RMB 532,913,000, a decrease of RMB 794,367,000 compared to the previous year[3]. - Basic loss per share was RMB 0.1583, compared to earnings of RMB 0.0777 per share in the same period last year[3]. - The company reported a net loss of RMB 464,459,000 for the period, compared to a profit of RMB 298,884,000 in the same period last year[7]. - The total comprehensive loss for the six months ended June 30, 2022, was RMB 464,459 thousand, compared to a comprehensive income of RMB 298,884 thousand for the same period in 2021, indicating a significant decline in overall financial performance[9]. - The adjusted loss before tax for the reportable segments was RMB (119,392) in the first half of 2022, compared to a profit of RMB 811,950 in the same period of 2021[31]. - The total revenue for the group in the first half of 2022 was RMB 6,840,511, down 33.8% from RMB 10,325,519 in the same period of 2021[26]. - The total tax expense for the first half of 2022 was RMB 209,617,000, a decrease from RMB 940,605,000 in the same period of 2021, representing a decline of approximately 77.7%[70]. Assets and Liabilities - Total assets as of June 30, 2022, were RMB 83,199,410,000, down from RMB 88,479,352,000 as of December 31, 2021[5]. - Total liabilities decreased to RMB 59,560,437,000 from RMB 62,610,819,000 year-on-year[5]. - Net assets as of June 30, 2022, were RMB 23,638,973,000, down from RMB 25,868,533,000 as of December 31, 2021[5]. - The total liabilities as of December 31, 2021, were RMB 50,953,163 thousand, indicating a slight decrease in borrowings compared to the previous period[19]. - The total liabilities as of June 30, 2022, decreased to RMB 59,560,437 thousand from RMB 62,610,819 thousand as of December 31, 2021, representing a reduction of approximately 4.1%[34]. - As of June 30, 2022, the company's total liabilities amounted to RMB 5,225,829,000, a decrease from RMB 5,388,993,000 as of December 31, 2021[51]. Cash Flow and Financing - The net cash generated from operating activities for the six months ended June 30, 2022, was RMB 962,208 thousand, down 66.3% from RMB 2,854,589 thousand in the same period of 2021[11]. - The company reported a net cash outflow from investing activities of RMB 155,224 thousand for the six months ended June 30, 2022, compared to RMB 527,142 thousand in the previous year, indicating a reduction in investment expenditures[11]. - Financing activities resulted in a net cash outflow of RMB 2,782,391 thousand for the six months ended June 30, 2022, compared to RMB 1,949,438 thousand in the same period of 2021, reflecting increased financing costs[11]. - The company reported a total financing amount of RMB 28.62 billion with an average financing cost of 5.26%[166]. - The company is actively exploring diversified financing channels, including medium-term notes and asset securitization, to optimize its debt structure[113]. Business Segments - The company’s main business includes property development, property management, and hotel operations in China, indicating a focus on the real estate sector[12]. - The total revenue for the real estate development segment in the first half of 2022 was RMB 5,879,608, a decrease of 37.0% compared to RMB 9,393,733 in the same period of 2021[24]. - The total revenue from the exhibition (including hotels) and investment properties segment was RMB 888,806, slightly up from RMB 867,160 in the first half of 2021, representing an increase of 2.0%[24]. - The exhibition (including hotels) and commercial property segment achieved operating revenue of RMB 88,880.6 million in the first half of 2022, a year-on-year increase of 2.50%, with a pre-tax loss of RMB 5,110.7 million, reduced by RMB 10,859.5 million compared to the previous year[149]. Investments and Acquisitions - The company acquired 100% equity of Beijing International Exhibition Center Co., Ltd. from North Star Group on June 30, 2022, and the acquisition is treated as a merger of entities under common control[13]. - The company issued a five-year corporate bond totaling RMB 1,450,000,000 with a coupon rate of 3.50% on December 21, 2021, resulting in net proceeds of RMB 1,446,375,000 after issuance costs[59]. - The company issued medium-term notes totaling RMB 1,430,000,000 on August 22, 2022, with a coupon rate of 3.48% and a maturity of 5 years[102]. Market Conditions and Strategy - The hotel sector faced challenges due to recurring COVID-19 outbreaks, leading to a weakened recovery trend in performance[108]. - The overall market for commercial residential properties in first-tier cities, such as Beijing and Guangzhou, has seen a decline in transaction volume, while average prices have increased slightly[107]. - The company is focusing on integrating new business and technology in the exhibition industry, exploring online platforms and digital marketing strategies to adapt to market changes[108]. - The company aims to leverage its dual business model of real estate and exhibition services to create stable revenue streams and support sustainable growth[110]. - The company is actively pursuing new strategies to enhance its market presence and operational efficiency amid a challenging economic environment[106]. Corporate Governance and Compliance - The audit committee, composed of three independent non-executive directors, reviewed the unaudited interim results for the six months ended June 30, 2022[183]. - The company has fully complied with the Corporate Governance Code as per the listing rules during the reporting period[181]. - The company has adopted the standard code for securities transactions and confirmed compliance by its directors and supervisors during the reporting period[182]. Employee and Management - The company had a total of 5,597 employees as of June 30, 2022, with employee compensation linked to performance and profitability[186]. - Key management personnel compensation increased to RMB 8,321,000 for the six months ended June 30, 2022, compared to RMB 7,296,000 for the same period in 2021, reflecting a growth of approximately 14%[98]. Future Outlook - Future guidance suggests a target revenue increase of 25% for the next fiscal year, aiming for 209.7 billion RMB[125]. - The company plans to invest in sustainable building technologies to improve project efficiency and reduce environmental impact[100]. - The company aims to achieve a new construction area of 310,000 square meters and a sales area of 550,000 square meters in the second half of 2022, with a signed contract amount (including parking spaces) of RMB 9.1 billion[170].

2022 年半年度报告 公司代码：601588 公司简称：北辰实业 北京北辰实业股份有限公司 2022 年半年度报告 1 / 133 2022 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性、准确性、 完整性，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、 公司负责人李伟东、主管会计工作负责人胡浩及会计机构负责人（会计主管人员）杜艳声明： 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 本报告期内无半年度利润分配或公积金转增股本预案。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的发展战略、经营计划等前瞻性陈述不构成公司对投资者的实质承诺，敬请 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 ...

[Major Financial Data](index=2&type=section&id=Item%201.%20Major%20Financial%20Data) [Key Accounting Data and Financial Indicators](index=2&type=section&id=Item%201.%281%29%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In the first quarter of 2022, the company's performance significantly declined, with operating revenue sharply decreased by **64.50%** year-over-year and net profit attributable to shareholders plummeted by **89.75%**, while net cash flow from operating activities showed strong performance, increasing by **115.25%** year-over-year, and total assets slightly decreased by **3.61%** compared to the end of the previous year Key Financial Indicators for Q1 2022 | Indicator | Current Period | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue (Yuan) | 2.33 billion | -64.50% | | Net Profit Attributable to Shareholders (Yuan) | 33.17 million | -89.75% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Gains/Losses (Yuan) | 28.92 million | -90.60% | | Net Cash Flow from Operating Activities (Yuan) | 1.02 billion | 115.25% | | Basic Earnings Per Share (Yuan/share) | 0.01 | -88.89% | | Weighted Average Return on Net Assets (%) | 0.14% | Decrease of 1.84 percentage points | | **Indicator** | **As of Current Period End** | **Change from Previous Year-End (%)** | | Total Assets (Yuan) | 76.82 billion | -3.61% | | Shareholders' Equity Attributable to the Company (Yuan) | 15.49 billion | 0.21% | [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=Item%201.%282%29%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to **4.25 million Yuan**, primarily comprising **5.13 million Yuan** in capital occupation fees collected from non-financial enterprises and **0.64 million Yuan** in government subsidies Details of Non-Recurring Gains and Losses Items | Item | Amount (Yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -14593 | | Government Subsidies Included in Current Profit/Loss | 639774 | | Capital Occupation Fees Collected from Non-Financial Enterprises Included in Current Profit/Loss | 5.13 million | | Other Non-Operating Income and Expenses Apart from the Above | -504594 | | Less: Income Tax Impact | 1.31 million | | Less: Impact on Minority Shareholders' Equity (After Tax) | -316467 | | **Total** | **4.25 million** | [Analysis of Changes in Key Financial Indicators](index=2&type=section&id=Item%201.%283%29%20Circumstances%2C%20and%20Reasons%20for%20Changes%20in%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company explained the significant fluctuations in key financial indicators for the current period, with the sharp decline in operating revenue and net profit primarily attributed to a decrease in settlable income from development properties, while the significant improvement in operating cash flow resulted from increased cash received from sales of goods and provision of services - Operating revenue decreased by **64.50%** year-over-year, primarily due to a reduction in the company's settlable income from development properties during the current period[8](index=8&type=chunk) - Net profit attributable to shareholders decreased by **89.75%** year-over-year, primarily due to a reduction in the company's profit during the current period[11](index=11&type=chunk) - Net cash flow from operating activities increased by **115.25%** year-over-year, primarily due to an increase in cash received from sales of goods and provision of services during the current period[11](index=11&type=chunk) [Shareholder Information](index=4&type=section&id=Item%202.%20Shareholder%20Information) [Shareholding Status of Shareholders](index=4&type=section&id=Item%202.%281%29%20Total%20Number%20of%20Common%20Shareholders%2C%20Number%20of%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Shareholding%20Status%20of%20Top%20Ten%20Shareholders) As of the end of the reporting period, the company had a total of **148,002** common shareholders, with Beijing North Star Industrial Group Co., Ltd. as the controlling shareholder holding **34.482%**, and HKSCC NOMINEES LIMITED as the second largest shareholder holding **20.405%**, making the top two shareholders collectively hold over **54%** - As of the end of the reporting period, the company had a total of **148,002** common shareholders[15](index=15&type=chunk) Shareholding Status of Top Three Shareholders | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Percentage (%) | | :--- | :--- | :--- | :--- | | Beijing North Star Industrial Group Co., Ltd. | State-owned Legal Entity | 1.16 billion | 34.482 | | HKSCC NOMINEES LIMITED | Overseas Legal Entity | 687.05 million | 20.405 | | Wangfujing Group Co., Ltd. | State-owned Legal Entity | 125.30 million | 3.721 | - The actual controller of the company's controlling shareholder, North Star Group, and the third largest shareholder, Wangfujing Group, is the Beijing State-owned Assets Supervision and Administration Commission (SASAC)[18](index=18&type=chunk) [Business Operations Update](index=5&type=section&id=Item%203.%20Other%20Reminders) The company disclosed operating data for its two core business segments in the first quarter of 2022, with the real estate development business achieving year-over-year sales growth and the investment property business seeing stable operating income contributions from all property types [Real Estate Development Business](index=5&type=section&id=3.1%20Real%20Estate%20Development%20Business) In the first quarter of 2022, the company's real estate development business performed well in sales, with sales revenue increasing by **14.70%** year-over-year to **2.996 billion Yuan**, and equity sales revenue surging by **29.58%** year-over-year, while no new land reserves were added during the period, with total land reserves maintained at **5.656 million square meters** Key Real Estate Development Data for Jan-Mar 2022 | Indicator | Value | YoY Change | | :--- | :--- | :--- | | Sales Area | 138500 sq.m. | -1.56% | | Equity Sales Area | 126600 sq.m. | +7.11% | | Sales Revenue | 2.996 billion Yuan | +14.70% | | Equity Sales Revenue | 2.694 billion Yuan | +29.58% | | Total Land Reserves | 5.656 million sq.m. | No new additions | | Equity Land Reserves | 5.0102 million sq.m. | No new additions | [Investment Property Business](index=5&type=section&id=3.2%20Investment%20Property%20Business) In the first quarter of 2022, the company's investment property business operated steadily across all segments, generating a total operating income of **551 million Yuan**, with the hotel segment contributing the most revenue at **211 million Yuan**, followed by the office building segment at **182 million Yuan** Investment Property Operating Income for Jan-Mar 2022 | Property Type | Total Gross Floor Area (sq.m.) | Total Operating Income (Million Yuan) | | :--- | :--- | :--- | | Convention Center | 367900 | 97.14 | | Office Building | 548400 | 182.28 | | Hotel | 346800 | 211.04 | | Apartment | 184300 | 60.92 | [Quarterly Financial Statements](index=5&type=section&id=Item%204.%20Quarterly%20Financial%20Statements) This section presents the company's unaudited consolidated and parent company financial statements for the first quarter of 2022, including the balance sheet, income statement, and cash flow statement, comprehensively reflecting the financial position at the end of the reporting period and the operating results and cash flows for the current period [Consolidated Balance Sheet](index=6&type=section&id=Item%204.%282%29%20Financial%20Statements%20-%20Consolidated%20Balance%20Sheet) As of March 31, 2022, the company's total assets were **76.82 billion Yuan**, a **3.61%** decrease from the end of the previous year, with total liabilities amounting to **57.48 billion Yuan**, and equity attributable to the parent company being **15.49 billion Yuan**, while inventory constituted the largest portion of the asset structure, reaching **44.81 billion Yuan** Key Consolidated Balance Sheet Items (As of March 31, 2022) | Item | Amount (Yuan) | | :--- | :--- | | Total Assets | 76.82 billion | | Total Liabilities | 57.48 billion | | Total Equity Attributable to Parent Company Shareholders | 15.49 billion | | Total Shareholders' Equity | 19.35 billion | [Consolidated Income Statement](index=9&type=section&id=Item%204.%282%29%20Financial%20Statements%20-%20Consolidated%20Income%20Statement) In the first quarter of 2022, the company achieved total operating revenue of **2.33 billion Yuan**, a **64.50%** year-over-year decrease, with total operating costs at **2.27 billion Yuan**, and ultimately, net profit attributable to parent company shareholders was **33.17 million Yuan**, a significant **89.75%** year-over-year decrease Key Consolidated Income Statement Items (Q1 2022) | Item | Q1 2022 (Yuan) | Q1 2021 (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 2.33 billion | 6.55 billion | | Operating Profit | 68.55 million | 453.93 million | | Total Profit | 68.06 million | 457.87 million | | Net Profit | 37.95 million | 317.11 million | | Net Profit Attributable to Parent Company Shareholders | 33.17 million | 323.46 million | [Consolidated Cash Flow Statement](index=11&type=section&id=Item%204.%282%29%20Financial%20Statements%20-%20Consolidated%20Cash%20Flow%20Statement) During the reporting period, net cash flow from operating activities was **1.02 billion Yuan**, a significant year-over-year increase primarily due to increased sales collections, with net cash outflow from investing activities at **20 million Yuan**, and net cash outflow from financing activities at **3.41 billion Yuan**, mainly due to debt repayment, resulting in a period-end cash and cash equivalents balance of **10.55 billion Yuan** Key Consolidated Cash Flow Statement Items (Q1 2022) | Item | Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 1.02 billion | | Net Cash Flow from Investing Activities | -19.99 million | | Net Cash Flow from Financing Activities | -3.41 billion | | Net Increase in Cash and Cash Equivalents | -2.41 billion | | Cash and Cash Equivalents at Period End | 10.55 billion | [Parent Company Financial Statements](index=13&type=section&id=Item%204.%282%29%20Financial%20Statements%20-%20Parent%20Company%20Financial%20Statements) The parent company financial statements reflect the financial position and operating results of the company's headquarters, with total assets of **45.66 billion Yuan** and total liabilities of **34.35 billion Yuan** as of the period end, and in the first quarter of 2022, the parent company achieved operating revenue of **626 million Yuan** and net profit of **60.90 million Yuan** Key Parent Company Financial Data (Q1 2022 and Period End) | Indicator | Amount (Yuan) | | :--- | :--- | | **Balance Sheet (Period End)** | | | Total Assets | 45.66 billion | | Total Liabilities | 34.35 billion | | Shareholders' Equity | 11.32 billion | | **Income Statement (Q1)** | | | Operating Revenue | 625.67 million | | Net Profit | 60.90 million | | **Cash Flow Statement (Q1)** | | | Net Cash Flow from Operating Activities | 142.57 million |

Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,326,609,629, representing a decrease of 64.50% compared to the same period last year[2]. - Net profit attributable to shareholders for Q1 2022 was CNY 33,169,592, down 89.75% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 28,917,899, a decrease of 90.60% compared to the previous year[2]. - Basic and diluted earnings per share were both CNY 0.01, reflecting a decline of 88.89%[2]. - Total revenue for Q1 2022 was 2,326,609,629 RMB, a significant decrease from 6,554,010,341 RMB in Q1 2021, representing a decline of approximately 64.6%[17]. - Operating profit for Q1 2022 was 68,553,462 RMB, down from 453,933,700 RMB in Q1 2021, indicating a decrease of about 85.0%[19]. - Net profit attributable to shareholders for Q1 2022 was 33,169,592 RMB, compared to 323,457,029 RMB in Q1 2021, reflecting a decline of approximately 89.8%[20]. - Earnings per share for Q1 2022 were 0.01 RMB, down from 0.09 RMB in Q1 2021, a decrease of 88.9%[22]. - Other comprehensive income attributable to shareholders was 37,952,020 RMB in Q1 2022, compared to 317,107,842 RMB in Q1 2021, a decline of approximately 88.0%[22]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 115.25% to CNY 1,021,030,933[2]. - Cash flow from operating activities in Q1 2022 was 4,845,084,464 RMB, an increase from 3,873,353,195 RMB in Q1 2021, representing a growth of about 25.1%[24]. - Cash flow from operating activities for Q1 2022 was RMB 142,571,327, compared to RMB 131,383,950 in Q1 2021, showing an increase of 8.9%[42]. - The net increase in cash and cash equivalents at the end of Q1 2022 was 10,550,033,367 RMB, compared to 8,833,685,099 RMB at the end of Q1 2021[32]. - The company's cash and cash equivalents decreased by 2,409,418,419 RMB compared to the previous period[32]. - The ending balance of cash and cash equivalents was 6,842,114,375, up from 5,740,654,344 in the previous period[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 76,824,317,101, a decrease of 3.61% from the end of the previous year[2]. - Current assets totaled RMB 62.51 billion as of March 31, 2022, down from RMB 65.24 billion at the end of 2021[12]. - Total liabilities decreased to RMB 57.48 billion from RMB 60.40 billion[15]. - Long-term borrowings increased to RMB 17.40 billion from RMB 16.18 billion[15]. - Non-current assets totaled RMB 14.31 billion, down from RMB 14.47 billion[13]. - The company reported a total asset value of RMB 76.82 billion, a decrease from RMB 79.70 billion[13]. - Total liabilities as of March 31, 2022, were 34,346,901,773 RMB, down from 35,678,136,244 RMB at the end of 2021[36]. - The company reported a decrease in total liabilities, with total liabilities and equity amounting to RMB 45,662,494,282 as of March 31, 2022, down from RMB 46,932,833,503 at the end of 2021[37]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 148,002[6]. - The largest shareholder, Beijing Beichen Group, held 34.482% of the shares, totaling 1,161,000,031 shares[6]. - Total equity attributable to shareholders increased to 15,490,534,932 RMB from 15,457,365,339 RMB, a rise of about 0.2%[16]. - The total equity attributable to shareholders increased to RMB 11,315,592,509 as of March 31, 2022, up from RMB 11,254,697,259 at the end of 2021, reflecting a growth of 0.54%[37]. Sales and Revenue - The company achieved a sales area of 138,500 square meters, a year-on-year decrease of 1.56%, while equity sales area increased by 7.11% to 126,600 square meters[9]. - Sales revenue reached RMB 2.996 billion, representing a year-on-year increase of 14.70%, with equity sales revenue at RMB 2.694 billion, up 29.58%[9]. - Total operating income from property management reached RMB 97.14 million, with office buildings generating RMB 182.28 million and hotel operations contributing RMB 211.04 million[10]. - The company achieved a gross profit margin of approximately 45% in Q1 2022, compared to 45.1% in Q1 2021, indicating stable profitability[39]. Investment and Future Plans - The company plans to expand its market presence and invest in new technologies, although specific figures were not disclosed in the earnings call[38]. - Research and development expenses for Q1 2022 were RMB -4,217,426, a decrease from RMB -10,671,490 in Q1 2021, suggesting a focus on cost management[38]. - Investment activities generated a net cash flow of RMB 835,788,799 in Q1 2022, a significant improvement from a net outflow of RMB 1,742,089,650 in Q1 2021[43].

Financial Performance - For the year ended December 31, 2021, the company achieved operating revenue of RMB 22,094.3 million, representing a year-on-year increase of 22.77%[20] - The profit attributable to ordinary shareholders was RMB 197.1 million, a significant increase of 809.83% compared to the previous year[20] - The company’s pre-tax profit for the year was RMB 1,581.2 million, reflecting a year-on-year growth of 4.54%[20] - The earnings per share for the year was RMB 0.0585[20] - The company achieved a sales amount of RMB 16.739 billion, representing a year-on-year increase of 37.12%[36] - The company reported a total revenue of RMB 54,978 million, a decrease of 19.31% year-on-year[42] - The core operating performance after tax for the main business (excluding fair value changes) was RMB 29,772.3 million, up 22.77% year-on-year[64] - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the last fiscal year, representing a 15% year-over-year growth[111] - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion[111] Assets and Liabilities - The total assets as of December 31, 2021, were RMB 88,367.3 million, while total liabilities were RMB 62,561.2 million, resulting in total equity of RMB 25,806.1 million[15] - The total land reserve decreased by 17.00% year-on-year to 5.8572 million square meters, while the equity land reserve also fell by 17.20% to 5.1950 million square meters[36] - The company reported a distributable reserve of RMB 2,124,197,014 as of December 31, 2021, down from RMB 2,180,073,228 in 2020, indicating a decrease of approximately 2.6%[136] - The group’s bank and other borrowings amounted to RMB 21,739,821,000 as of December 31, 2021[169] - The company's total equity attributable to ordinary shareholders increased by 0.73% year-on-year to RMB 20,935,846,000 as of December 31, 2021[169] Investment and Development - The company operates a diversified property development system, with projects in 15 cities including Beijing, Guangzhou, and Wuhan, enhancing its national scale[24] - The total area of investment properties held and operated by the company exceeds 1.34 million square meters[24] - The company is actively expanding its land acquisition channels through partnerships to optimize its strategic layout amid high land costs[36] - The company plans to invest RMB 570 million in fixed assets in 2022, with funding sourced from its own capital[70] - The company anticipates a total construction area of 4.41 million square meters to be resumed or newly started in 2022[71] Market and Economic Conditions - The GDP growth rate for the year reached 8.1%, with a two-year average growth of 5.1%, indicating a stable economic environment[29] - The average selling price of commercial residential properties nationwide increased by 4.17% year-on-year, reaching RMB 10,396 per square meter[30] - The exhibition industry is experiencing a digital transformation, with companies adopting online and offline combined exhibition methods to mitigate pandemic impacts[32] - The overall market outlook remains cautious due to the current economic conditions, impacting future sales projections[42] Corporate Governance - The company has fully complied with the corporate governance code as per the Hong Kong Stock Exchange regulations[76] - The board of directors held a total of 37 meetings in 2021, with all executive directors attending every meeting[78] - The company emphasizes board diversity as a key element for maintaining competitive advantage and sustainable development[88] - The company has established a code of conduct and compliance manual for employees and directors[82] - The company is committed to high standards of corporate governance and has complied with all relevant codes during the reporting period[174] Strategic Initiatives - The company plans to accelerate innovation-driven development and enhance digital transformation in the exhibition industry, leveraging the establishment of the Capital Exhibition Group[22] - The company aims to create a new development pattern in the exhibition industry while promoting the coordinated development of hotels, office buildings, and apartments[22] - The company will focus on the "real estate + exhibition" dual-driven model to optimize project operation strategies and improve project profitability[68] - The company is committed to enhancing its talent pool to address the increased demand for professional and senior management personnel due to its expanding operations[75] Risk Management - The company has actively integrated resources and strengthened risk management to ensure steady business development amid external challenges[33] - The company will closely monitor macroeconomic policies and market trends to mitigate risks associated with the real estate sector[73] - The company has implemented internal controls for expenditure approval and monitoring, ensuring alignment with the overall budget[98] Social Responsibility - The company engaged in social responsibility initiatives, contributing RMB 788.767 million to poverty alleviation and supporting local industry development[63] - The company’s environmental policies and performance for the year are outlined in the management discussion and the independent ESG report[126]

Financial Performance - The company achieved operating revenue of RMB 2,209,429.6 million, an increase of 22.77% year-on-year[4]. - Total profit and net profit attributable to the parent company were RMB 56,524.8 million and RMB 20,266.0 million, representing a decrease of 51.27% and 25.21% year-on-year, respectively[4]. - The company's operating revenue for 2021 was CNY 22,094,296,248, representing a 22.77% increase compared to CNY 17,995,982,446 in 2020[28]. - The net profit attributable to shareholders for 2021 decreased by 25.21% to CNY 202,660,230 from CNY 270,974,629 in 2020[28]. - The net cash flow from operating activities surged to CNY 6,937,977,114, a significant increase of 2,658.54% compared to CNY 251,508,726 in 2020[28]. - The total assets as of the end of 2021 were CNY 79,704,970,124, down 7.80% from CNY 86,443,456,322 at the end of 2020[28]. - The net assets attributable to shareholders decreased by 9.34% to CNY 15,457,365,339 from CNY 17,049,145,829 at the end of 2020[28]. - The company's net profit excluding non-recurring gains and losses for 2021 was CNY 180,810,761, a decrease of 16.99% from CNY 217,821,731 in 2020[28]. - Basic earnings per share decreased by 50% to CNY 0.02 in 2021 from CNY 0.04 in 2020[29]. - The weighted average return on equity dropped to 0.45% in 2021, down from 0.87% in 2020, a decrease of 0.42 percentage points[29]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.01 per share, totaling RMB 33,670,200 (including tax) to shareholders[10]. - The company paid a cash dividend of RMB 101,010,600, which accounted for 79.26% of the net profit attributable to ordinary shareholders in 2020[141]. - The company has established a cash dividend policy for 2021-2023, ensuring continuity and stability in profit distribution[140]. Market and Operational Strategy - The company is focusing on market expansion and new product development strategies to enhance future growth[28]. - The company plans to explore potential mergers and acquisitions to strengthen its market position[28]. - The company aims to strengthen its exhibition business by integrating resources and exploring new business models[38]. - The company is committed to becoming a leading exhibition brand in China and internationally, focusing on innovation and risk control[6]. - The company is investing in new technologies to improve operational efficiency and customer experience[28]. - The company will strengthen its research on national macro policies to mitigate risks associated with tightening regulations in the real estate sector[13]. - The company acknowledges risks from the ongoing COVID-19 pandemic, which may impact real estate development projects and the operation of exhibition and investment properties[13]. - The company will focus on risk prevention related to the ongoing COVID-19 pandemic, which may impact project progress and operations[101]. Talent and Human Resources - The company is addressing talent shortages by enhancing internal training and recruiting professional managers to support its expanding operations[14]. - There is a significant increase in demand for professional and senior management talent due to the company's national expansion in real estate development and management of exhibition venues and hotels[102]. - The company has established a talent leadership group to enhance internal selection and market talent recruitment, aiming to build a high-quality professional leadership team[102]. - The company has implemented a three-tier talent training system to accelerate talent reserves, including initiatives for recruiting and training fresh graduates[102]. Corporate Governance and Compliance - The company has maintained compliance with corporate governance standards, ensuring independence from its controlling shareholder in operations, personnel, and finances[106]. - The company received an A-class rating for information disclosure from the Shanghai Stock Exchange for the 2020-2021 period, reflecting its commitment to transparency[107]. - The company plans to further improve its governance structure and systems in 2022 to support stable development while controlling risks[107]. - The company has emphasized the importance of corporate governance, with regular updates and revisions to its internal policies[124]. Environmental and Social Responsibility - The company has complied with environmental regulations and has not received any administrative penalties related to environmental issues during the reporting period[149]. - The company achieved a 95% reuse rate of treated wastewater in subsidiaries with water recycling systems[151]. - The company has implemented measures to control volatile organic compounds and ensure emissions meet standards through the use of low-emission equipment[150]. - The company actively promotes waste classification and has signed agreements with professional waste disposal companies for proper waste management[152]. - The company has provided a total of 7.8877 million RMB in consumer assistance, including 1.8946 million RMB for union purchases and 5.9931 million RMB for cafeteria purchases[157]. - The company has supported local economic development by purchasing 54,600 kg of agricultural products from three economically weak villages, generating nearly 500,000 RMB in income[157]. - The company donated 500,000 RMB to support the development of a mushroom factory in Inner Mongolia, directly creating jobs for 71 people[158]. - The company aims to maintain existing support policies for five years post-poverty alleviation to ensure a smooth transition to rural revitalization[160]. Financial Management and Debt Structure - The company maintains a low financing cost advantage through diversified financing channels, optimizing its debt structure[41]. - The company reported a significant increase in financial expenses, which rose by 86.68% to CNY 561 million due to increased interest expenses[75]. - The total amount of guarantees provided by the company during the reporting period was RMB -212 million, excluding guarantees to subsidiaries[178]. - The company has a rental agreement with North Star Group for approximately 167,000 square meters of land, with a lease term ranging from 40 to 70 years[175]. Project Development and Real Estate - The company has expanded its real estate development into 15 cities, enhancing its nationwide scale[37]. - The company operates over 1.34 million square meters of investment properties, including hotels and conference centers across 15 cities[37]. - The company achieved a revenue of CNY 2,012.8 million from property development, representing a year-on-year growth of 24.58%[72]. - The company reported a decrease in contract liabilities by 32.40% to CNY 12,088.73 million, attributed to the recognition of revenue from development properties[77]. - The company has ongoing projects in Chengdu, with a completion rate of 100% for several residential and commercial developments[1]. - The company is expanding its market presence with new projects in Hebei and Hainan, indicating a strategic focus on growth in these regions[1]. Shareholder Structure - As of the end of the reporting period, the total number of ordinary shareholders was 145,333, down from 149,498 at the end of the previous month[191]. - The largest shareholder, Beijing Beichen Industrial Group Co., Ltd., holds 1,161,000,031 shares, representing 34.482% of total shares[193]. - HKSCC NOMINEES LIMITED, the second-largest shareholder, holds 686,964,199 shares, accounting for 20.403%[193]. - The actual controller of the company is the State-owned Assets Supervision and Administration Commission of the State Council of Beijing[197]. - There were no changes in the controlling shareholder during the reporting period[196].

2021 年第三季度报告 单位：元 币种：人民币 1 / 13 证券代码：601588 证券简称：北辰实业 北京北辰实业股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期比上 年初至报告期末 | --- | --- | --- | --- | --- | |-----------------------------------------------|---------------|---------------------------|----------------|---------------------- ...