Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 10,244,782,000, an increase of 205.93% compared to the same period last year[1] - Operating profit for the same period was RMB 1,453,586,000, up 148.81% year-on-year[1] - Profit attributable to ordinary shareholders was RMB 248,693,000, a significant increase of 7,827.73% compared to the previous year[1] - Earnings per share for the period was RMB 0.0739, compared to RMB 0.0009 in the same period last year[1] - The total comprehensive income for the six months ended June 30, 2021, was RMB 286,123,000, a significant increase from RMB 123,033,000 in the same period of 2020, representing a growth of 132.7%[6] - The net profit before tax for the six months ended June 30, 2021, was RMB 1,224,737,000, significantly higher than RMB 479,388,000 for the same period in 2020, marking an increase of 155.0%[30] - The group reported an adjusted profit before tax of RMB 797,196,000 for the six months ended June 30, 2021, compared to RMB 487,746,000 for the same period in 2020, marking an increase of approximately 63.4%[24] Assets and Liabilities - Total assets as of June 30, 2021, amounted to RMB 90,728,106,000, a decrease from RMB 94,929,518,000 as of December 31, 2020[2] - Total liabilities were RMB 64,951,023,000, down from RMB 68,835,886,000 at the end of the previous year[4] - The company reported a total equity of RMB 25,777,083,000 as of June 30, 2021, up from RMB 26,050,519,000 a year earlier[7] - The company’s total liabilities as of June 30, 2021, were RMB 49,398,448 thousand, compared to RMB 49,002,028 thousand as of December 31, 2020, indicating a slight increase in total liabilities[16] - The group’s total assets as of June 30, 2021, were RMB 73,555,980,000, down from RMB 78,012,722,000 as of December 31, 2020[25] - The group’s total liabilities as of June 30, 2021, were RMB 55,237,360,000, compared to RMB 59,547,129,000 as of December 31, 2020, indicating a decrease of approximately 7%[25] Cash Flow and Investments - The net cash generated from operating activities was RMB 2,861,444,000, a turnaround from a net cash outflow of RMB 1,553,851,000 in the same period last year[8] - The company incurred a net cash outflow from investing activities of RMB 533,693,000, contrasting with a net cash inflow of RMB 764,190,000 in the same period of 2020[8] - The financing activities resulted in a net cash outflow of RMB 1,949,438,000, compared to a net cash inflow of RMB 1,570,263,000 in the previous year[8] - Cash and cash equivalents as of June 30, 2021, were RMB 11,208,852,000, compared to RMB 10,830,539,000 at the end of 2020[2] Dividends and Shareholder Returns - The board of directors decided not to declare an interim dividend for the six months ended June 30, 2021[1] - The company paid dividends of RMB 44,970,000 to ordinary shareholders, down from RMB 224,850,000 in the same period last year[8] - The profit attributable to ordinary shareholders for the six months ended June 30, 2021, was RMB 248,693,000, compared to RMB 3,367,020,000 in the same period of 2020[66] Segment Performance - The development property segment generated revenue of RMB 9,393,733,000 for the six months ended June 30, 2021, compared to RMB 2,644,166,000 in the same period of 2020, indicating a growth of about 254%[22] - The total revenue from external customers for the exhibition and investment property segment (including hotels) was RMB 786,423,000 for the six months ended June 30, 2021, compared to RMB 660,396,000 in the same period of 2020, representing an increase of approximately 19%[24] Financial Management and Risk - The company’s financial risk management policies have not changed since the end of the previous year, maintaining a consistent approach to market, credit, and liquidity risks[14] - The company has not adopted any new accounting standards that are expected to have a significant impact on its financial statements for the reporting period[12] - The company has not recognized any liabilities related to financial guarantee contracts, as the management believes the likelihood of significant losses is low[70] Market and Economic Conditions - The overall economic recovery in China is reflected in a GDP growth rate of 12.7% in the first half of 2021, indicating a positive market environment for the company's operations[93] - The hotel industry has shown improvement alongside the recovery of tourism, with the office market in Beijing gradually warming up and vacancy rates decreasing[95] Strategic Initiatives and Future Outlook - The company aims to enhance its exhibition business by leveraging the establishment of the Capital Exhibition Group and integrating quality resources[120] - The company plans to invest RMB 770 million in fixed assets in the second half of 2021, funded by internal resources[122] - The company is committed to improving product competitiveness through standardized development and brand IP integration[119] - The company is focusing on differentiated marketing strategies based on project locations and market conditions to optimize sales performance[101]

2021 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 2021 年半年度报告 1 / 127 2021 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人李伟东、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 公司已在本 ...

Financial Performance - Operating revenue for the first quarter reached CNY 6.55 billion, an increase of 163.83% year-on-year[13] - Net profit attributable to shareholders was CNY 323.46 million, up 64.11% compared to the same period last year[13] - The net cash flow from operating activities was CNY 474.34 million, a significant increase of 171.77% year-on-year[13] - The basic earnings per share for the quarter were CNY 0.09, an increase of 80.00% compared to the previous year[13] - The total profit for Q1 2021 was ¥457,873,716, reflecting a 39.11% increase from ¥329,151,566 in Q1 2020[20] - The net profit attributable to shareholders for Q1 2021 was ¥323,457,029, up 64.11% from ¥197,102,141 in Q1 2020[20] - The basic earnings per share for Q1 2021 increased to ¥0.09, an 80.00% rise from ¥0.05 in Q1 2020[20] - The company reported a total profit of RMB 457,873,716 for Q1 2021, compared to RMB 329,151,566 in Q1 2020, which is an increase of about 39%[48] - The company’s total comprehensive income for Q1 2021 was RMB 317,107,842, compared to RMB 244,145,638 in Q1 2020, indicating a growth of about 30%[48] Assets and Liabilities - Total assets at the end of the reporting period were CNY 80.70 billion, a decrease of 6.64% compared to the end of the previous year[13] - The company's total assets decreased to ¥80,704,955,026 as of March 31, 2021, down from ¥86,443,456,322 at the end of 2020[27] - The company's total liabilities decreased to ¥56,772,646,915 as of March 31, 2021, compared to ¥63,091,002,770 at the end of 2020[27] - Total liabilities decreased from 66,714,372,633 to 60,658,763,495, a reduction of approximately 9.5%[33] - Total equity increased from 19,729,083,689 to 20,046,191,531, reflecting a growth of about 1.6%[33] - Total assets decreased from 45,921,109,070 to 44,292,049,817, a decline of about 3.6%[39] - Total liabilities and equity decreased from 86,443,456,322 to 80,704,955,026, a reduction of about 6.6%[33] Cash Flow - Cash inflow from operating activities for Q1 2021 was CNY 3,873,353,195, an increase of 34.3% compared to CNY 2,887,098,569 in Q1 2020[57] - Net cash flow from operating activities for Q1 2021 was CNY 474,336,331, a significant improvement from a net outflow of CNY 660,927,139 in Q1 2020[57] - Cash outflow from investing activities in Q1 2021 was CNY 166,320,620, compared to CNY 3,194,300 in Q1 2020, indicating increased investment activity[60] - Net cash flow from financing activities for Q1 2021 was a negative CNY 2,307,643,329, compared to a negative CNY 2,827,656 in Q1 2020, reflecting a reduction in financing outflows[60] - Total cash and cash equivalents at the end of Q1 2021 were CNY 8,833,685,099, down from CNY 11,108,961,613 at the end of Q1 2020[60] - Cash inflow from financing activities in Q1 2021 was CNY 7,029,085,524, a substantial increase from CNY 1,504,792,644 in Q1 2020[60] - Cash outflow for debt repayment in Q1 2021 was CNY 8,199,448,582, compared to CNY 967,478,773 in Q1 2020, indicating higher debt servicing costs[60] - The company reported a net cash flow from investment activities of negative CNY 1,742,089,650 in Q1 2021, compared to a positive CNY 554,430,825 in Q1 2020, indicating a shift in investment strategy[63] Operational Metrics - The company reported a total land reserve of 6.86 million square meters, with no new real estate reserves added during the period[17] - The sales area for the first quarter was 140,700 square meters, representing a year-on-year increase of 59.70%[17] - The total operating income from the conference center was CNY 51.79 million, while the office sector generated CNY 163.04 million[17] - The company reported a significant increase in operating costs, which rose to ¥5,117,831,350 in Q1 2021, a 229.54% increase from ¥1,553,000,949 in Q1 2020[20] - The gross profit margin for Q1 2021 was approximately 6.67%, compared to 10.00% in Q1 2020, showing a decline in profitability[45] - Research and development expenses were not explicitly reported, indicating a potential focus on cost management in this area[45] - The company experienced a net investment loss of RMB 922,586 in Q1 2021, contrasting with a gain of RMB 10,465,814 in Q1 2020, highlighting a shift in investment performance[45] - Tax expenses for Q1 2021 amounted to RMB 140,765,874, compared to RMB 85,005,928 in Q1 2020, reflecting an increase of approximately 65%[48] Shareholder Information - The company had a total of 148,671 shareholders at the end of the reporting period[13]

港交所股票代號 : 0588 上交所股票代號 : 601588 WORLD FLOOR THE DESIGNATION 2020 年 度 報 告 ATHER THE FELECT FOR FOR FOR FOR FOR FOR FOR THE FOR FOR THE FOR 目錄 | --- | --- | |--------------------------------|-------| | | | | 公司簡介 | 2 | | 財務概要 | 4 | | 董事長報告 | 6 | | 管理層討論與分析 | 8 | | 企業管治報告 | 28 | | 董事、監事、高級管理人員簡歷 | 42 | | 董事會報告 | 46 | | 監事會報告 | 59 | | 獨立核數師報告 | 60 | | 合併財務報表 | 68 | | 補充資料 | 180 | | 董事會二零二零年度利潤分配方案 | 181 | | 公司資料 | 182 | 北京北辰實業股份有限公司 2 公司簡介 北京北辰實業股份有限公司（「公司」）或（「本公司」）於一九九七年年四月二日由北京北辰實業集團有限責任公 司獨家發起設立，同年五月在香港聯合交易所 ...

2020 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 2020 年年度报告 1 / 161 2020 年年度报告 董事长致辞 各位股东： 本人谨代表董事会向各位股东提呈公司截至二零二零年十二月三十一日之年度经营业绩报告。 截至二零二零年十二月三十一日，按照中国会计准则，公司实现营业收入人民币 1,799,598.2 万元，同比下降 10.57%。公司利润总额和归属于母公司净利润分别为人民币 115,990.0 万元和 27,097.5 万元，同比分别下降 58.02%和 83.62%。每股收益为人民币 0.04 元。 回顾二零二零年，新冠肺炎疫情对全球经济运行产生明显影响，我国保持战略定力、迎难而 上，统筹疫情防控与社会经济发展，成为全球唯一实现经济正增长的主要经济体。面对复杂严峻 的国内外经济形势和疫情冲击，公司上下攻坚克难、锐意进取，全面推进疫情防控与复工复产。 发展物业适时转变营销策略，审慎拓展土地储备，持续完善体系建设，经营业绩稳步回升；投资 物业坚持重资产投资型业务与轻资产服务型业务协同推进的发展策略，积极推进会展经济的数字 化融合，持续拓展北辰会展产业潜在发展 ...

2020 年第三季度报告 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 2020 年第三季度报告 1 / 25 2020 年第三季度报告 目录 | --- | --- | |-------|----------------| | | | | 一、 | 重要提示 . | | 二、 | 公司基本情况 . | | IIÍ | 重要事项 . | | 四、 | 附录 . | 2 / 25 2020 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人李伟东、主管会计工作负责人郭川及会计机构负责人（会计主管人员）高小杰 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 3 / 25 2020 年第三季度报告 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------- ...

AEIJING NORTH STAR 港交所股票代號 : 0588 上交所股票代號 : 601588 BARANA AND AND AND 信自自自自自自自自自自 D G A A H A B A 71 中 期 報 告 A1 I 1 二零二零中期報告 二零二零中期報告 中期報告 截至二零二零年六月三十日止六個月期間 • 收入為人民幣3,348,745,000元，比去年同期下降60.83% • 本公司普通股股東應佔利潤為人民幣3,137,000元，比去年同期下降99.77%，其中本公司稅後主營業務的核心經營業 績（不含公允值變動損失）為人民幣125,116,000元，同比下降90.12%。本公司歸屬於所有者之應佔利潤（不含公允值變 動損失）為人民幣235,160,000元，同比下降82.61%。本期間投資物業公允值變動損失（稅後）為人民幣121,979,000元 • 營運利潤為人民幣584,223,000元，比去年同期下降81.02% • 每股收益為人民幣0.0009元，去年同期每股收益為人民幣0.3987元 • 董事會（「董事會」）決議不派發截至二零二零年六月三十日止六個月期間之中期股息（截至二零一九年六月三十 ...

2020 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 2020 年半年度报告 1 / 134 2020 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 未出席董事情况 | --- | --- | --- | --- | |----------------|----------------|----------------------|--------------| | | | | | | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | 董事 | 张文雷 | 因公请假 | 郭川 | | 独立董事 | 董安生 | 个人身体原因 | 无 | 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郭川及会计机构负责人（会计主管人员）高小杰声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 本报告期内无半年度利润分配或公积 ...

2020 年第一季度报告 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 2020 年第一季度报告 1 / 23 2020 年第一季度报告 重要提示 . 一、 二、 公司基本情况 . 11Í 重要事项 . 四、 附录 . 录 m 2 / 23 2020 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 未出席董事姓名 未出席董事职务 未出席原因的说明 被委托人姓名 董安生 独立董事 个人身体原因 无 1.3 公司负责人贺江川、主管会计工作负责人崔薇及会计机构负责人（会计主管人员）高小杰保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 3 / 23 2020 年第一季度报告 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------------------------|--------------- ...

Financial Performance - For the year ended December 31, 2019, the company achieved revenue of RMB 20,122.3 million, representing a year-on-year increase of 12.67%[21] - The profit before tax was RMB 4,681.4 million, up 21.28% compared to the previous year[21] - The profit attributable to ordinary shareholders was RMB 1,788.7 million, reflecting a growth of 27.45% year-on-year[21] - The company's profit before tax and profit attributable to ordinary shareholders were RMB 4,681.368 million and RMB 1,788.709 million, respectively[28] - The core operating performance after tax (excluding fair value changes) was RMB 1,674.967 million, reflecting a year-on-year growth of 26.96%[28] - Earnings per share increased to RMB 0.53, up 27.45% compared to the same period last year[28] - The company’s real estate development achieved revenue of RMB 1,735,247.1 million in 2019, a year-on-year increase of 14.66%, while the pre-tax profit decreased by 0.59% to RMB 268,207.1 million[29] - The total contracted sales amount reached RMB 19 billion, with a sales area of 1.26 million square meters during the reporting period[29] - The investment properties (including hotels) generated revenue of RMB 2,660.36 million in 2019, an increase of 1.19% year-on-year, while the pre-tax profit decreased by 6.91% to RMB 822.63 million[36] - The company reported a net profit attributable to ordinary shareholders for 2019 of RMB 2,095,459 thousand, compared to RMB 2,214,119 thousand in 2018, indicating a decrease of about 5.4%[195] Assets and Liabilities - The total assets as of December 31, 2019, amounted to RMB 102,438.8 million, an increase from RMB 99,910.7 million in 2018[18] - The total liabilities decreased to RMB 75,900.5 million from RMB 77,054.5 million in the previous year[18] - The company's total liabilities decreased to RMB 25,797,378 thousand in 2019 from RMB 26,941,711 thousand in 2018, indicating a reduction of about 4.2%[191] - The investment properties increased to RMB 15,025,176 thousand in 2019 from RMB 12,867,800 thousand in 2018, reflecting a growth of approximately 16.7%[191] - The balance of cash and bank deposits was RMB 1,175.741 million as of December 31, 2019, with no risk of default on issued bonds[163] - The company's equity attributable to ordinary shareholders increased to RMB 21,208,013 thousand in 2019 from RMB 19,616,212 thousand in 2018, reflecting a growth of about 8.1%[194] Market and Strategic Expansion - The company managed a total property area of over 1.27 million square meters, with 1.2 million square meters located in the Beijing Olympic core area[16] - The company has 45 ongoing, planned, and sold projects across 15 key cities in China, enhancing its market share[15] - The company is focusing on three strategic expansions: low-cost expansion, brand expansion, and capital expansion[22] - The company plans to focus on light asset operations and high-end service industry development to enhance core competitiveness[23] - The company aims to expand its market presence through new projects and strategic land acquisitions[35] - The company has entered 15 cities for real estate development, including Beijing, Wuhan, and Chengdu, establishing a foundation for nationwide scale development[65] Governance and Management - The board of directors held 34 meetings in 2019, ensuring active governance and oversight of the company's strategies and policies[68] - The company has adopted good governance practices and continuously improves its disclosure norms to enhance transparency for shareholders[67] - The company emphasizes board diversity as a key element for maintaining competitive advantage and promoting sustainable development[80] - The company has established a clear division of roles between the Chairman and the General Manager, with the Chairman overseeing the board's operations and ensuring effective communication with shareholders[71] - The company has a strong management team with extensive experience in real estate development and financial management[99][100][101][102][103][104][105][106] Community and Social Responsibility - The company donated RMB 950,000 to the Beijing Spring Seed Charity Foundation, contributing to social harmony and development[50] - The company achieved a significant milestone by helping 27 low-income households in Baihutou Village to escape poverty in 2019[50] - The company is committed to enhancing its asset-heavy business model while expanding its light-asset service model, aiming for comprehensive economic and social benefits[36] Risks and Challenges - The company faces risks related to policy changes in the real estate sector, which could affect land acquisition and project financing[60] - The company is addressing potential talent shortages by enhancing internal training and recruitment efforts[63] - The company aims to maintain low-cost expansion strategies while improving cash turnover rates to mitigate market risks[62] Future Outlook - The company plans to achieve a new construction area of 1.08 million square meters and a sales target of 1.26 million square meters in 2020, with a contract amount of RMB 23 billion[58] - The company anticipates a fixed asset investment of RMB 730 million in 2020, funded by its own capital[57] - The company aims to enhance its operational capabilities in investment properties while innovating business development models to cultivate new growth points[58] - The company will focus on key regions such as Beijing-Tianjin-Hebei and the Yangtze River Delta for land acquisition and project development[54]