Financial Performance - The company's operating revenue for 2022 was approximately CNY 1.26 billion, an increase of 13.36% compared to CNY 1.11 billion in 2021 [20]. - Net profit attributable to shareholders decreased by 31.91% to approximately CNY 78.31 million from CNY 115.01 million in 2021 [20]. - Basic and diluted earnings per share were both CNY 0.04, down 33.33% from CNY 0.06 in 2021 [19]. - The weighted average return on equity decreased to 1.19% from 1.77% in 2021, a decline of 0.58 percentage points [19]. - The company's total assets increased by 4.27% to approximately CNY 22.06 billion at the end of 2022, compared to CNY 21.16 billion at the end of 2021 [20]. - The company's total revenue for the reporting period was CNY 1,253,294,741.27, representing a year-on-year increase of 12.70% [12]. - The gross profit margin decreased by 3.04 percentage points to 46.72% compared to the previous year [12]. - The company achieved operating revenue of RMB 1.263 billion, an increase of RMB 149 million, representing a year-on-year growth of 13.36% [39]. - The net profit attributable to shareholders was RMB 78.31 million for the reporting period [39]. Cash Flow and Investments - The net cash flow from operating activities was approximately CNY 1.79 billion, a significant improvement from a negative CNY 450.99 million in 2021 [20]. - The company’s cash flow from operating activities was RMB 1.789 billion, significantly improved from a negative cash flow of RMB 450 million in the previous year [46]. - The company’s investment activities resulted in a net cash outflow of RMB 438 million, primarily due to increased equity investments [47]. - The company reported a fair value change income of RMB 32.89 million from non-current financial assets [40]. - The company received pre-sale funds of RMB 1.317 billion from the cloud project sales, with a total signed area of 16,183.48 square meters and a signed amount of RMB 1.591 billion [39]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.05 per 10 shares, totaling RMB 9,366,524.02, subject to shareholder approval [4]. - The company has a cash dividend policy that aims for a minimum cash distribution of 30% of the average distributable profit over the past three years, with specific thresholds based on the company's development stage [126][127]. - The company emphasizes a stable and continuous profit distribution policy while ensuring sustainable development [126]. - The proposed cash dividend for 2022 is RMB 0.05 per 10 shares, totaling RMB 9,366,524.02, subject to shareholder approval [129]. - The company distributed a cash dividend of RMB 0.07 per 10 shares for the year 2021, amounting to RMB 13,113,133.63 [128]. Corporate Governance - The company held its annual general meeting on June 30, 2022, with 43 shareholders present, representing 883,625,181 shares, accounting for 47.1693% of the total voting shares [98]. - The board of directors and supervisory board operated in compliance with the Company Law and the company's articles of association, ensuring effective governance [99]. - The company did not experience any significant differences in governance compared to the requirements of the Company Law and regulations from the China Securities Regulatory Commission [98]. - The company has established four specialized committees under the board of directors, which operated normally during the reporting period [99]. - The company plans to continue its governance practices in line with legal and regulatory requirements without any major discrepancies [98]. Risk Management - The company emphasizes that forward-looking statements do not constitute a commitment to investors, highlighting investment risks [5]. - The company has detailed its major risks in the management discussion and analysis section of the report [6]. - The company faces macroeconomic policy risks that could impact its core business of park development and operations, particularly due to reliance on government policies [90]. - The company acknowledges project development risks due to long development cycles and significant capital investment, which may lead to increased costs and extended timelines [91]. - The company is enhancing its investment management system to mitigate risks associated with its investment projects, ensuring safety and profitability [92]. Strategic Development - The company is actively promoting the digital transformation of the park and has initiated the construction of five blockchain innovation application platforms [29]. - The company aims to enhance the park's operational capabilities by creating a trusted data economy pilot zone, aligning with Shanghai's digital transformation goals [31]. - The company plans to establish five innovation platforms and ten benchmark projects as part of its development plan for the Trusted Data Economy Pilot Zone from 2023 to 2025 [29]. - The company aims to become a leading "boutique park comprehensive operator" and is focused on creating a "China Data Industry Capital" and an "Innovative Industry Community" as part of its strategic development goals [85]. - The company is set to leverage its advantages in location, industry, resources, and brand to drive investment and enhance key industries, aiming for significant growth in 2023 [86]. Employee and Training Initiatives - The company has established a comprehensive training program aimed at enhancing employee performance and aligning with corporate strategy [124]. - The training initiatives include management training, youth cadre training, and new employee orientation, focusing on practical skills and career development [125]. - The company reported a total of 767 employees, with 120 in technical positions and 517 in property management and service roles [121]. Environmental and Social Responsibility - The company invested CNY 130.6 million in various charitable activities, including a donation of CNY 200,000 to support local poverty alleviation projects [143]. - A total of CNY 90.6 million was donated to assist three impoverished villages in Yunnan Province as part of the poverty alleviation efforts [144]. - The company has implemented high standards for energy-saving in new constructions, utilizing low-carbon technologies [140]. - The company has not established an environmental protection mechanism but has taken measures to reduce carbon emissions [139]. Related Party Transactions - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties [5]. - The company will ensure compliance with legal and regulatory requirements in related party transactions, protecting the rights of shareholders [146]. - The company has disclosed expected daily related transactions with its controlling shareholder, Shibei Group, for the year 2022 [155]. - The company has maintained compliance with all relevant laws and regulations regarding related party transactions [150]. Audit and Compliance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants [7]. - The internal control audit report for the fiscal year 2022 received a standard unqualified opinion from Zhonghui Certified Public Accountants [137]. - The company did not receive any penalties from securities regulatory authorities in the past three years [110]. - The company has not reported any changes or progress in employee stock ownership plans or other incentive measures [134].

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥663,969,635.50, a 137.88% increase compared to ¥279,117,442.09 in the same period last year[18]. - The net profit attributable to shareholders was ¥4,350,778.40, a significant recovery from a loss of ¥77,014,333.51 in the previous year[18]. - The net cash flow from operating activities was -¥218,949,438.15, an improvement from -¥378,657,682.79 in the same period last year[18]. - Basic earnings per share for the first half of 2022 were ¥0.0023, recovering from a loss of ¥0.0411 in the same period last year[19]. - The weighted average return on net assets was 0.07%, an increase of 1.27 percentage points from -1.20% in the previous year[19]. - The company achieved operating revenue of RMB 663.97 million, a year-on-year increase of 137.88%[38]. - The net profit attributable to shareholders was RMB 4.35 million during the reporting period[30]. - The company reported a total comprehensive income of RMB 4,350,778.40 for the first half of 2022, compared to RMB 14,121,377.04 in the same period of 2021[127]. Assets and Liabilities - The total assets at the end of the reporting period were ¥20,915,359,343.55, a decrease of 1.15% from ¥21,158,502,440.13 at the end of the previous year[18]. - The total liabilities decreased to ¥12,469,647,038.47 from ¥12,710,461,512.09, a decline of 1.89%[110]. - The company's cash and cash equivalents decreased to ¥735,506,045.66 from ¥1,419,712,823.75, a decline of 48.3%[108]. - The total equity attributable to shareholders increased slightly to ¥6,538,369,391.81 from ¥6,534,018,613.41[110]. - The total equity at the end of the reporting period is RMB 6,360,271,406.21, a decrease of RMB 54,433,734.94 compared to the previous period[130]. Investment Activities - The company actively engaged in investment activities, with a net cash outflow from investment activities of RMB 334.75 million, a decrease of 323.60% compared to the previous year[38]. - The total investment amount for the reporting period was RMB 27.42 million[53]. - The company invested RMB 50 million to subscribe for additional shares in the Yongjun Fund, accounting for 2.3810% of the total subscribed capital after the increase[55]. - The company acquired 1.875% equity in Mengchuang Shuangyang by purchasing 1.125 million shares for RMB 30 million[56]. - The company’s investment cash outflow increased significantly to RMB 307,424,800.00 from RMB 53,356,499.00 in the first half of 2021, indicating a strategic shift towards investment[125]. Revenue Segments - The total rental area of properties leased by the company and its subsidiaries reached 377,500 square meters, with rental income of RMB 241.45 million, up 8.64% year-on-year[33]. - Real estate industry revenue was RMB 237.16 million, with a gross profit margin of 94.19%[41]. - The rental and other services segment generated RMB 412.32 million in revenue, with a gross profit margin of 25.87%, reflecting a decrease of 24.53% compared to the previous year[41]. - The revenue from the South region increased by 263.86%, reaching RMB 10.95 million, primarily due to the consolidation of new projects[41]. Corporate Governance and Compliance - The company has established an asset-backed special plan with a target fundraising scale of up to RMB 2.1 billion, utilizing property rights as collateral[62]. - The company guarantees that all information disclosed during the restructuring process is accurate and complete, taking legal responsibility for any misrepresentation[79]. - The company has committed to conducting any necessary related party transactions at market prices and in compliance with relevant laws[79]. - The company emphasizes the importance of independent governance structures for its subsidiaries[81]. - The company has ensured compliance with legal obligations and has not faced any significant violations during the reporting period[84]. Market and Future Outlook - Future outlook includes plans for market expansion and potential new product developments, though specific details were not provided[18]. - The company is actively promoting the digital transformation of the Shibei High-tech Park, which has become a key area for innovation and digital economy in Shanghai[26]. - The company aims to enhance its brand influence and attract more quality capital and projects through its investment strategies[34]. - The company is transitioning to a "rent and sell" model, prioritizing leasing, which may lead to cash flow fluctuations[65]. Risk Management - The company faces risks related to macroeconomic policies that could impact its core business in park development and operations[64]. - Intense competition in the industrial real estate sector is noted, particularly in attracting high-tech enterprises[64]. - The company has a structured risk management approach to oversee investment projects throughout their lifecycle[66]. - The company aims to improve its competitive capabilities by leveraging big data and cloud computing technologies[64]. Social Responsibility - The company donated 906,000 RMB to support local agricultural production and public welfare jobs in three impoverished villages in Yunnan Province as part of its poverty alleviation efforts[76].

Financial Performance - The company's operating revenue for Q3 2021 was ¥239,488,212.18, representing an increase of 88.56% compared to the same period last year[5] - The net profit attributable to shareholders was -¥40,682,709.95, a decrease of 308.42% year-to-date[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥65,627,928.83, reflecting a decrease of 372.66% year-to-date[5] - The basic earnings per share for the period was -¥0.0217, a decrease of 308.64% year-to-date[6] - Total operating revenue for the first three quarters of 2021 was ¥518,605,654.27, a decrease of 45.7% compared to ¥956,137,404.56 in the same period of 2020[20] - Net profit for the third quarter of 2021 was a loss of ¥116,067,775.70, compared to a profit of ¥62,068,331.74 in the same quarter of 2020, indicating a significant decline[22] - Basic and diluted earnings per share for Q3 2021 were both -¥0.0628, compared to ¥0.0301 in Q3 2020, indicating a negative shift[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥20,423,803,324.44, an increase of 6.88% compared to the end of the previous year[6] - Total current assets as of September 30, 2021, amount to ¥9,999,544,732.54, a decrease from ¥11,238,866,705.03 at the end of 2020[16] - Total assets as of September 30, 2021, are ¥20,423,803,324.44, up from ¥19,109,142,594.55 at the end of 2020[17] - Total liabilities as of September 30, 2021, amount to ¥6,418,298,390.10, a slight decrease from ¥6,615,846,991.36 at the end of 2020[17] - The total liabilities increased to ¥12,223,377,291.44 in Q3 2021 from ¥10,730,914,367.24 in Q3 2020, reflecting a growth of 13.9%[21] - The total equity decreased to ¥8,200,426,033.00 in Q3 2021 from ¥8,378,228,227.31 in Q3 2020, showing a decline of 2.1%[21] - The total liabilities increased to 10,730,914,367.24 RMB from 10,888,576,722.59 RMB, indicating a rise in financial obligations[29] Cash Flow - The cash flow from operating activities was -¥587,714,837.59 year-to-date, indicating significant cash outflow[6] - Cash inflows from operating activities for the first three quarters of 2021 were ¥562,111,248.31, a decrease of 73.7% from ¥2,129,956,747.12 in the same period of 2020[24] - Cash outflows for purchasing goods and services in the first three quarters of 2021 were ¥923,026,777.34, down from ¥2,539,264,252.16 in 2020, representing a reduction of 63.6%[24] - The net cash flow from operating activities for Q3 2021 was -587,714,837.59 RMB, compared to -1,329,687,695.58 RMB in the same period of 2020, indicating an improvement[25] - Total cash inflow from financing activities reached 5,604,285,026.77 RMB, significantly higher than 2,966,456,313.93 RMB in Q3 2020, driven by increased borrowings[25] - The net cash flow from investing activities was 122,856,723.21 RMB, contrasting with -138,876,940.10 RMB in the previous year, reflecting a positive shift in investment returns[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 111,030[13] - The largest shareholder, Shanghai Beiguo High-tech Group Co., Ltd., holds 694,465,512 shares, accounting for 37.07% of total shares[13] - The company has a total of 150,000,000 shares held in a trust account, managed by Haitong Securities Co., Ltd.[14] - The total equity attributable to shareholders was 6,467,810,714.84 RMB, slightly down from 6,438,201,955.96 RMB, indicating a minor decline in shareholder value[29] Non-Recurring Gains and Expenses - Non-recurring gains included government subsidies amounting to ¥2,544,783.44 for the current period[9] - The company reported a total of ¥24,945,218.88 in non-recurring gains for the year-to-date[9] - The company reported a financial expense of ¥262,405,462.08 in Q3 2021, which increased from ¥214,782,090.81 in Q3 2020, indicating a rise of 22.2%[21] - The investment income for Q3 2021 was ¥5,360,157.62, slightly down from ¥5,914,229.27 in the same quarter of 2020, reflecting a decrease of 9.3%[21] Inventory and Investments - Cash and cash equivalents increased to ¥1,336,950,825.98 from ¥771,836,028.65 year-over-year[16] - Inventory decreased to ¥8,205,410,159.68 from ¥9,950,112,284.10 year-over-year[16] - The company reported a significant increase in investment properties, rising to ¥7,907,672,082.31 from ¥5,558,124,308.07 year-over-year[17] - Long-term equity investments increased to ¥1,758,342,944.66 from ¥1,754,153,490.49 year-over-year[17] Future Outlook - The company has implemented new leasing standards starting from 2021, which may impact future financial reporting[26] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥279,117,442.09, a decrease of 66.34% compared to ¥829,126,656.44 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥77,014,333.51, representing a decline of 180.62% from a profit of ¥95,530,272.72 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥67,696,608.96, down 173.30% from ¥92,357,751.14 in the same period last year[18]. - The company's basic earnings per share (EPS) for the first half of the year is -0.0411 yuan, a decrease of 180.59% compared to the same period last year when it was 0.0510 yuan[19]. - The company's operating revenue decreased by 66.34% year-on-year, primarily due to the failure to realize sales of industrial carriers during the reporting period[19]. - The weighted average return on net assets is -1.20%, down 2.71 percentage points from 1.51% in the same period last year[19]. - The total comprehensive income for the current period showed a decrease of CNY 77,014,333.51[127]. - The company reported a significant decrease in operating revenue, which was RMB 279.12 million, down 66.34% compared to the same period last year[38]. - The company’s operating costs also decreased to RMB 138.47 million, a decline of 65.93% year-on-year, due to the lack of sales of industrial carriers[38]. - The company reported a net loss of CNY 74,662,071.71 for the first half of 2021, compared to a profit of CNY 97,293,531.63 in the first half of 2020, indicating a significant decline[114]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥378,657,682.79, compared to -¥1,644,828,017.49 in the previous year, indicating a significant cash outflow[18]. - The company's cash flow from investment activities was RMB 149.71 million, a significant improvement compared to a negative cash flow of RMB 46.38 million in the previous year[38]. - The cash inflow from sales and services was 67,983,842.40 RMB, a significant increase from 1,945,753.60 RMB year-over-year[122]. - The total cash outflow for operating activities was 747,076,039.85 RMB, down from 2,871,985,227.63 RMB in the previous period[119]. - The company reported a net increase in cash and cash equivalents of 129,008,412.47 RMB, contrasting with a decrease of -589,465,211.33 RMB in the previous period[120]. - Cash and cash equivalents at the end of the reporting period were 901,789,742.69 RMB, up from 771,836,028.65 RMB at the end of the previous year[105]. Assets and Liabilities - The total assets at the end of the reporting period were ¥19,690,104,278.96, an increase of 3.04% from ¥19,109,142,594.55 at the end of the previous year[18]. - The total liabilities at the end of the reporting period are CNY 1,911,603,443.87, maintaining a manageable debt level[132]. - The company's total liabilities increased to 11,445,330,684.01 RMB from 10,730,914,367.24 RMB, indicating a rise in financial obligations[107]. - The asset-liability ratio increased to 58.13% from 56.16% year-over-year, indicating a slight rise in leverage[103]. - The company's short-term borrowings rose significantly to 2,917,600,000.00 RMB from 1,949,500,000.00 RMB, reflecting increased reliance on debt financing[106]. Investment and Development - The company aims to become a leading comprehensive operator of high-quality industrial parks, focusing on digital transformation and attracting innovative talent[25]. - The company has developed a dual-driven operation model of "real estate + investment" to enhance its industrial investment capabilities[26]. - The company is constructing the North International Innovation Community, which will serve as a demonstration area for digital transformation[28]. - The company reported a total investment of RMB 1,441,575.36 thousand in real estate development projects during the reporting period[44]. - The company has accelerated the development of the North International Science and Technology Innovation Community, with a total construction area of 424,500 square meters planned for delivery in 2024[32]. Shareholder and Equity Information - The company has a total of 115,479 common stock shareholders as of the end of the reporting period[89]. - The largest shareholder, Shanghai Beihigh New (Group) Co., Ltd., holds 694,465,512 shares, accounting for 37.07% of the total shares[91]. - The total equity attributable to shareholders decreased to 6,338,707,964.80 RMB from 6,467,810,714.84 RMB, indicating a decline in shareholder value[107]. - The total equity attributable to the parent company at the end of the reporting period is CNY 8,260,438,666.63, an increase from CNY 7,549,554,792.65 at the end of the previous year, representing a growth of approximately 9.4%[132]. - The company has allocated CNY 22,479,657.65 for profit distribution to shareholders, indicating a commitment to returning value[134]. Risk Management - The report includes a detailed description of the major risks faced by the company, which can be found in the "Management Discussion and Analysis" section[5]. - The company faces risks related to macroeconomic policies that could impact its real estate development and sales, particularly due to reliance on financing tools[64]. - Intense competition in the industrial real estate sector is noted, with a focus on high-tech enterprises and the need for innovative strategies to attract investment[64]. - The company is transitioning to a "rent and sale" model, prioritizing leasing, which may lead to cash flow fluctuations due to longer recovery periods[65]. Corporate Governance and Compliance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[4]. - The company has not violated any decision-making procedures for providing guarantees to external parties[5]. - The company has not experienced any major litigation or arbitration matters during the reporting period[82]. - The company maintains a commitment to transparency, ensuring that all information provided regarding asset purchases is accurate and complete[79]. - The company has established independent financial departments for its subsidiaries, ensuring separate financial accounting systems[78]. Charity and Social Responsibility - The company donated RMB 600,000 for rural infrastructure projects, including road repairs and beautification efforts in three natural villages in Chongming District[74]. - The company participated in a charity event, donating RMB 200,000 to support various social welfare projects in Jing'an District[74].