Financial Performance - Operating revenue for the reporting period was CNY 401,632,163.88, down 60.23% year-on-year[9] - Net profit attributable to shareholders was CNY 293,012,176.47, an increase of 17.95% compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 286,310,965.59, up 14.79% year-on-year[9] - Basic earnings per share for the reporting period was CNY 0.2170, reflecting a growth of 17.93%[9] - The weighted average return on net assets was 4.26%, compared to 0.29% in the same period last year[9] - Total operating revenue for the current period was ¥401,632,163.88, a decrease of 60.3% compared to ¥1,009,929,284.62 in the previous period[64] - Net profit for the current period was ¥295,941,638.91, an increase of 18.8% compared to ¥249,203,513.64 in the previous period[67] - Total operating revenue for the current period is $1,603,457,728.04, a decrease of approximately 18.3% compared to $1,963,440,046.69 in the previous period[71] - Net profit for the current period is $527,783,564.13, compared to $461,656,378.64 in the previous period, indicating a growth of about 14.3%[76] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 15,402,180,508.95, a decrease of 2.18% compared to the end of the previous year[9] - The company's total current assets were reported at ¥11,856,486,754.72, down from ¥12,475,939,203.92 at the end of 2019, indicating a decrease of about 5%[45] - Total liabilities decreased from ¥8,575,092,304.85 to ¥7,940,226,332.25, a decline of approximately 7.39%[51] - Owner's equity increased from ¥7,170,228,545.80 to ¥7,461,954,176.70, an increase of about 4.05%[54] - The total amount of contract liabilities was ¥1,750,839,946.39, with no previous figure available for comparison[51] - The company's accounts payable decreased from ¥807,084,607.55 to ¥575,260,659.05, a reduction of approximately 28.69%[51] - Total liabilities amounted to CNY 8,575,092,304.85, showing a slight decrease from CNY 8,576,302,465.32[103] Cash Flow - The net cash flow from operating activities was CNY 190,801,731.23, a significant decrease of 194.68% compared to the previous year[9] - Cash received from sales of goods and services for the period from January to September 2020 was RMB 1,491,477,849.66, a decrease of 53.82% year-on-year, mainly due to a reduction in cash received from property sales[25] - Cash recovered from investments for the period from January to September 2020 was RMB 8,690,912,128.76, an increase of 4474.16% year-on-year[26] - The net cash flow from operating activities was ¥746,915,136.14, a significant improvement compared to a negative cash flow of ¥105,653,583.53 in the previous period[89] - The total cash inflow from investment activities amounted to ¥3,312,049,095.87, while cash outflow was ¥3,700,817,594.63, resulting in a net cash flow of -¥388,768,498.76[89] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 75,414[14] - The largest shareholder, Shenzhen State-owned Assets Supervision and Administration Commission, held 21.93% of the shares[14] Tax and Expenses - Tax expenses for the period from January to September 2020 amounted to RMB 159,388,363.87, an increase of 61.20% year-on-year, mainly due to an increase in land value increment tax[24] - Financial expenses increased to ¥37,288,712.40 from ¥20,978,106.81 in the previous period[64] - The company paid approximately ¥575.34 million in taxes during the period, a decrease from ¥686.87 million in the previous period[83] Investment Activities - Investment income for the period from January to September 2020 was RMB 281,921,379.21, an increase of 268.50% year-on-year, primarily due to a significant increase in the area of cooperative development projects[24] - The company has engaged in entrusted wealth management with a total amount of ¥168,500,000, with an outstanding balance of ¥85,000,000[35] - The company has no securities investments during the reporting period[30] - The company has no derivative investments during the reporting period[33] Operational Changes - The company plans to focus on market expansion and new product development in the upcoming quarters[66] - The company has implemented new revenue recognition standards starting January 1, 2020, affecting the classification of pre-received housing payments[112]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,201,825,564.16, representing a 26.04% increase compared to CNY 953,510,762.07 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was CNY 217,420,178.69, which is a 6.89% increase from CNY 203,409,521.11 year-on-year[26]. - The basic and diluted earnings per share were both CNY 0.1611, reflecting a 6.90% increase from CNY 0.1507 in the same period last year[26]. - The company's financial expenses increased by 26.59% to CNY 72,016,348.42, compared to CNY 56,890,095.77 in the previous year[61]. - The investment income decreased by 35.74% to CNY 42,024,586.88, primarily due to reduced income from cooperative development projects[61]. - The company reported a net loss of approximately 38.91 million, compared to a net profit of 4.07 million in the previous period, indicating a significant decline in profitability[194]. - Operating profit decreased to -47.98 million from -14.00 million, reflecting a worsening operational performance[194]. - Total profit loss amounted to -57.83 million, compared to a loss of -15.99 million in the prior period, highlighting increased financial challenges[194]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -234,927,179.92, a significant decrease of 134.75% compared to CNY 676,072,763.69 in the previous year[26]. - The company's cash and cash equivalents at the end of the reporting period were ¥2,494,766,771.13, a decrease of 2.62% from the previous year[69]. - The company's inventory stood at ¥7,625,792,666.78, representing 50.95% of total assets, with a slight increase of 0.40% year-on-year[69]. - Total assets at the end of the reporting period were CNY 14,968,401,509.03, down 4.93% from CNY 15,745,320,850.65 at the end of the previous year[26]. - The total liabilities amounted to CNY 4,756,000,258.33, a slight decrease from CNY 4,788,978,090.29 in the previous period[186]. Project Development and Sales - The company achieved a contract sales revenue of CNY 1.093 billion and a contract sales area of 83,100 square meters in the first half of 2020[44]. - Revenue from property sales amounted to ¥1,169,547,634.30, accounting for 97.31% of total revenue, with a year-on-year growth of 28.82%[68]. - The company has established a comprehensive platform for housing and commercial property asset management, responding to national housing rental policies[35]. - The company is actively participating in urban renewal and affordable housing projects, successfully entering pre-selection lists for various government investment projects[35]. - The company has a total of 90,219 square meters for the "Zhenye City Q Group" project in Huizhou, with a pre-sale area of 84,117 square meters and a pre-sale amount of 77.95 million yuan[50]. Strategic Focus and Future Plans - The company plans to maintain its focus on real estate development while expanding into housing leasing and extending its real estate industry chain[58]. - The company aims to diversify its project acquisition methods through collaboration with state-owned enterprises and local governments[35]. - The company plans to enhance operational management to achieve annual targets and improve project development efficiency[88]. - The company aims to expand land reserves in strategic areas such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta[89]. - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[8]. Corporate Social Responsibility - The company actively participated in poverty alleviation efforts, aiming to ensure that all relative poor populations in Xin Si Village achieve stable poverty alleviation by 2020[131]. - The company allocated 34.1 million CNY for poverty alleviation efforts during the reporting period[133]. - By the end of 2019, all impoverished populations in Xin Si Village had been lifted out of poverty, and the village was officially removed from the poverty list[132]. - The company responded to the COVID-19 pandemic by providing over 20 million yuan in rent reductions and donating 10 million yuan to Hubei[3]. Governance and Compliance - The company has not engaged in any related party transactions during the reporting period[107]. - The company has not implemented any employee incentive plans during the reporting period[106]. - The financial report for the half-year period has not been audited[97]. - The company has not faced any penalties or corrective actions during the reporting period[104].

深圳市振业(集团)股份有限公司 2020 年第一季度报告全文 深圳市振业(集团)股份有限公司 2020 年第一季度报告 2020 年 04 月 1 深圳市振业(集团)股份有限公司 2020 年第一季度报告全文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赵宏伟、主管会计工作负责人朱新宏、财务总监于冰、分管会 计工作负责人张光柳及会计机构临时负责人高峰声明：保证本季度报告中财务 报告的真实、准确、完整。 2 深圳市振业(集团)股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|----------------- ...

Financial Performance - The company's operating revenue for 2019 was CNY 3,731,330,139.73, an increase of 48.55% compared to 2018[22] - The net profit attributable to shareholders for 2019 was CNY 801,163,074.41, a decrease of 8.36% from the previous year[22] - The net profit after deducting non-recurring gains and losses was CNY 779,466,306.30, down 10.47% year-on-year[22] - The net cash flow from operating activities was negative at CNY -194,256,904.36, a decline of 112.09% compared to 2018[22] - The total assets at the end of 2019 amounted to CNY 15,745,320,850.65, representing a growth of 16.32% from the end of 2018[22] - The net assets attributable to shareholders increased by 8.68% to CNY 6,735,583,248.30 at the end of 2019[22] - The basic earnings per share for 2019 was CNY 0.5935, a decrease of 8.35% from 2018[22] - The diluted earnings per share also stood at CNY 0.5935, reflecting the same percentage decrease[22] - The weighted average return on equity for 2019 was 12.39%, down from 14.86% in 2018[22] Dividend and Shareholder Returns - The company proposed a cash dividend of CNY 1.79 per 10 shares, totaling CNY 241,499,000.74 based on the total share capital[6] - For the fiscal year 2019, the company plans to distribute cash dividends of 1.79 yuan per 10 shares, totaling 241,649,113.23 yuan, which represents 30.16% of the net profit attributable to shareholders[122] - The cash dividend for 2018 was 1.95 yuan per 10 shares, amounting to 263,249,033.97 yuan, which accounted for 30.11% of the net profit attributable to shareholders[125] - The cash dividend for 2017 was 1.81 yuan per 10 shares, totaling 244,349,103.33 yuan, representing 30.33% of the net profit attributable to shareholders[125] - The total distributable profit for 2019 is reported at 1,260,403,840.47 yuan, with the cash dividend amounting to 241,649,113.23 yuan, which is 100% of the total profit distribution[126] Revenue Sources and Sales Performance - The company's total operating revenue for 2019 was approximately CNY 3.73 billion, representing a year-on-year increase of 48.55% compared to CNY 2.51 billion in 2018[62] - Real estate sales accounted for CNY 3.63 billion, which is 97.18% of total revenue, with a year-on-year growth of 49.76%[67] - Revenue from Guangdong Province reached CNY 1.87 billion, accounting for 49.99% of total revenue, with a staggering year-on-year increase of 395.99%[62] - The total contracted sales area reached 227,200 square meters, with a total sales amount of CNY 3.953 billion, reflecting a year-on-year increase of 1% and 26% respectively[46] Cash Flow and Financial Position - The company maintained a debt-to-asset ratio of 54.46%, indicating a solid financial position and manageable financial risk[45] - The company's monetary funds at the end of 2019 were ¥3,037,214,681.70, accounting for 19.29% of total assets, down from 26.96% at the beginning of the year[89] - Operating cash inflow totaled ¥4,179,010,100.22, reflecting a year-on-year increase of 26.41%[84] - Operating cash outflow increased by 157.35% year-on-year, attributed to higher project investment and tax payments[84] - Cash and cash equivalents decreased by ¥610,146,045.52, a decline of 194.11% year-on-year[84] Investment and Project Development - The company invested CNY 2 billion in land acquisition, adding 270,000 square meters of gross floor area through successful bids in Tianjin, Xi'an, and Dongguan[46] - The company reported a total investment of 10.60 billion CNY for the project "Zhenye Bo'an" in Xi'an, with a completion progress of 100%[54] - The cumulative presale area for the "Zhenye Bo'an" project reached 13.42 million square meters, generating sales amounting to 3.52 billion CNY in the current period[55] - The company has several projects in the preparation stage, including "惠阳振业城二期 U 组团" with an investment of ¥13,970,322.79[97] - The company is actively expanding its real estate portfolio across various regions, including projects in Xi'an and Tianjin[99] Corporate Governance and Compliance - The company has committed to enhancing the management of undisclosed information and ensuring compliance with governance standards as part of its corporate governance initiatives[130] - The company has not engaged in any securities or derivative investments during the reporting period[101] - There were no significant asset or equity disposals during the reporting period[103] - The company has not faced any penalties or rectification requirements during the reporting period[141] Social Responsibility and Community Engagement - The company actively participated in poverty alleviation efforts, allocating an additional 2 million yuan for assistance[171] - A total of 19 registered impoverished individuals were helped to escape poverty during the reporting period[172] - The company invested CNY 25.5 million in poverty alleviation projects, helping 19 registered impoverished individuals to escape poverty[176] - The company allocated CNY 12 million to improve educational resources in impoverished areas[176] - The company plans to enhance targeted poverty alleviation efforts and strengthen grassroots party organization construction over the next three years[179] Market Conditions and Future Outlook - The real estate industry in China faced challenges due to macroeconomic factors, with GDP growth at 6.1% in 2019[43] - The company aims to leverage opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area and state-owned enterprise reforms for future growth[37] - The company anticipates a more active fiscal policy and a stable monetary policy post-pandemic, with a long-term positive outlook for the economy[110]

Financial Performance - Operating revenue for the period reached CNY 1,009,929,284.62, representing an 87.61% increase year-on-year[8] - Net profit attributable to shareholders increased by 184.66% to CNY 248,426,546.25 compared to the same period last year[8] - Basic earnings per share rose by 184.83% to CNY 0.1840, while diluted earnings per share remained the same[8] - The weighted average return on net assets was 3.97%, up from 2.46% in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 249,429,706.46, an increase of 187.20% year-on-year[8] - Total operating revenue for the current period reached ¥1,009,929,284.62, a significant increase from ¥538,306,410.16 in the previous period[56] - Net profit for the current period was ¥249,203,513.64, up from ¥95,888,304.29 in the previous period, indicating strong profitability growth[59] - Basic earnings per share for the current period was ¥0.1840, an increase from ¥0.0646 in the previous period, reflecting enhanced shareholder value[62] - Net profit for the current period was ¥1,111,007,332.63, significantly up from ¥194,621,471.29, marking a growth of 471.5%[85] Assets and Liabilities - Total assets increased by 14.42% to CNY 15,489,084,775.28 compared to the end of the previous year[8] - Total current assets increased to CNY 12.23 billion as of September 30, 2019, up from CNY 10.43 billion as of December 31, 2018, representing a growth of approximately 17.3%[39] - Total liabilities increased to CNY 8.78 billion, compared to CNY 7.15 billion, marking a rise of about 22.7%[42] - Long-term borrowings as of September 30, 2019, were CNY 2,218,080,000, an increase of 82.92% compared to the beginning of the period, due to new borrowings for cooperative projects[19] - The company's equity attributable to shareholders increased to CNY 6.39 billion from CNY 6.20 billion, reflecting a growth of approximately 3.1%[45] - Total liabilities increased to ¥4,493,861,955.53 from ¥4,394,490,304.55, showing a slight rise in financial obligations[55] - Total assets amounted to approximately CNY 13.54 billion, with current assets at CNY 10.43 billion[104] - Current liabilities reached approximately CNY 2.86 billion, while total liabilities were about CNY 4.39 billion[118] Cash Flow - Cash flow from operating activities decreased by 30.48% to CNY 474,543,507.98 year-to-date[8] - Cash paid for taxes in the first nine months of 2019 was CNY 686,865,970.72, an increase of 183.82% year-on-year, mainly due to the settlement of land appreciation tax[20] - Cash inflow from operating activities totaled ¥6,847,931,955.93, compared to ¥2,541,050,141.04 in the previous period, an increase of 169.5%[88] - The net cash flow from operating activities was -6,764,046.83, a decrease compared to 100,339,655.48 from the previous period[95] - Total cash inflow from financing activities was 1,489,280,000.00, down from 1,804,100,000.00 in the previous period[94] Shareholder Information - The total number of shareholders at the end of the reporting period was 68,117[11] - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 21.96% of shares[11] Operational Expenses - The company reported a significant increase in other operating expenses, totaling CNY 8,028,515.82 for the first nine months of 2019, up 1782.98% year-on-year, primarily due to increased donation expenses[20] - Total operating costs amounted to ¥690,882,721.38, compared to ¥407,785,455.10 in the prior period, reflecting a rise in operational expenses[56] Investment and R&D - The company reported a decrease in investment income for the first nine months of 2019, totaling CNY 76,506,049.35, down 71.49% year-on-year, primarily due to reduced income from cooperative development projects[19] - Research and development expenses were not specified, but the company emphasized ongoing innovation efforts[56] Miscellaneous - The company reported no significant non-recurring gains or losses during the reporting period[8] - The company has not made any adjustments to prior financial statements under the new financial instrument standards[121] - The third-quarter report was not audited, indicating a potential area for further scrutiny[122] - The company’s chairman is Zhao Hongwei, who presented the report on October 29, 2019[123]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 953,510,762.07, a decrease of 9.67% compared to CNY 1,055,586,030.09 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was CNY 203,409,521.11, down 51.10% from CNY 415,968,682.59 year-on-year[27]. - The basic earnings per share for the reporting period was CNY 0.1507, a decrease of 51.09% from CNY 0.3081 in the same period last year[27]. - The weighted average return on net assets was 3.30%, down 3.90% from 7.20% in the previous year[27]. - The net profit after deducting non-recurring gains and losses was CNY 202,100,997.36, a decrease of 51.25% compared to CNY 414,578,264.53 in the same period last year[27]. - The company reported a 75.24% decrease in investment income, primarily due to reduced returns from cooperative development projects compared to the previous year[48]. - The net profit for the first half of 2019 was CNY 212,452,865.00, down 52.8% from CNY 449,451,656.42 in the same period last year[172]. Cash Flow - The net cash flow from operating activities was CNY 676,072,763.69, a significant increase of 3283.38% compared to a negative cash flow of CNY 21,237,569.12 in the previous year[27]. - The company’s sales revenue from goods and services received cash of ¥2,288,039,753.37 in the first half of 2019, a significant increase from ¥663,922,261.42 in the first half of 2018[182]. - The company reported a net cash flow from operating activities of ¥676,072,763.69 in the first half of 2019, a recovery from a negative cash flow of -¥21,237,569.12 in the same period of 2018[185]. - Total cash inflow from operating activities was ¥3,735,583,695.00, while total cash outflow was ¥3,600,620,876.09, resulting in a net cash inflow of ¥134,962,818.91[194]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 15,566,251,892.39, representing a 14.99% increase from CNY 13,536,728,184.79 at the end of the previous year[27]. - The company's total assets included CNY 4,468,069,976.10 in accounts receivable, representing 28.70% of total assets, an increase of 11.65% from the previous year[50]. - The company's inventory amounted to CNY 7,426,439,235.45, accounting for 47.71% of total assets, a decrease of 9.32% compared to the previous year[50]. - Total liabilities increased to CNY 9.10 billion, up from CNY 7.15 billion, marking a growth of 27.36%[157]. - The company's total equity increased to CNY 6.46 billion from CNY 6.39 billion, reflecting a growth of 1.05%[157]. Investments and Projects - The company achieved a total contracted sales area of 160,400 square meters and a contracted sales amount of 2.623 billion yuan during the reporting period[42]. - The total investment amount during the reporting period was CNY 1,242,089,076.66, an increase of 133.80% compared to CNY 531,257,681.71 in the same period last year[52]. - The total investment in the "Zhenye Luan Mountain Valley Garden Phase II" project reached approximately CNY 2.24 billion, with realized revenue of CNY 3.45 billion[56]. - The company has a total of 16 ongoing projects across various cities, with significant areas under construction and planned[42]. Corporate Governance and Compliance - The report indicates that the financial statements have not been audited by an accounting firm[6]. - The company is currently fulfilling commitments related to corporate governance, including managing undisclosed information[73]. - There are no significant litigation or arbitration matters affecting the company during the reporting period[78]. - The company has not experienced any penalties or rectification situations during the reporting period[82]. - The company did not engage in any related party transactions during the reporting period[85]. Social Responsibility and Community Engagement - The company allocated 2 million yuan for poverty alleviation in the first half of 2019, with 167,000 yuan utilized[109]. - The company helped 10 impoverished households complete housing renovations during the reporting period[107]. - The company is actively participating in poverty alleviation efforts in Longchuan County, aiming to stabilize the living conditions of impoverished populations by 2020[106]. - The company aims to ensure that all eligible students from impoverished families are not deprived of education due to financial constraints[117]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 67,538, with a total of 296,031,373 shares held by the largest shareholder, Shenzhen State-owned Assets Supervision and Administration Commission, accounting for 21.93% of the shares[129]. - The second largest shareholder, Shenzhen Yuan Zhi Investment Co., Ltd., held 189,966,775 shares, representing 14.07% of the total[129]. - The company did not conduct any repurchase transactions among the top 10 common shareholders during the reporting period[136]. - There were no changes in the controlling shareholder or actual controller during the reporting period[137].

Financial Performance - Operating revenue for the reporting period was CNY 538,306,410.16, an increase of 19.71% year-on-year, while year-to-date revenue decreased by 31.28% to CNY 1,593,892,440.25[7] - Net profit attributable to shareholders for the reporting period was CNY 87,271,410.25, a decrease of 2.52% year-on-year, with year-to-date net profit increasing by 48.39% to CNY 503,240,092.84[7] - Basic earnings per share for the reporting period were CNY 0.0646, down 2.56% year-on-year, while year-to-date earnings per share increased by 48.41% to CNY 0.3728[7] - The net profit for the period was CNY 95,888,304.29, compared to CNY 90,301,828.47 in the same period last year, reflecting an increase of approximately 6.0%[38] - The total profit for the period reached CNY 639,954,629.53, compared to CNY 469,373,334.94 in the same period last year, marking an increase of about 36.3%[44] - The company's net profit for Q3 2018 was CNY 545,339,960.71, a significant increase from CNY 353,606,594.93 in Q3 2017, representing a growth of approximately 54.3%[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,463,343,600.22, a decrease of 5.15% compared to the end of the previous year[7] - Current assets decreased to CNY 3.68 billion from CNY 4.04 billion, indicating a reduction in liquidity[32] - Total liabilities decreased to CNY 6.45 billion from CNY 7.43 billion, reflecting a reduction in financial obligations[31] - Non-current liabilities due within one year as of September 30, 2018, were CNY 391,236,603.97, a decrease of 85.13% year-on-year, primarily due to repayment of company bonds and loans due within one year[17] - The company's total assets decreased to CNY 12.46 billion from CNY 13.14 billion, suggesting a contraction in overall asset base[31] Cash Flow - Net cash flow from operating activities for the first nine months of 2018 was CNY 682,585,383.55, a decrease of 36.72% year-on-year, primarily due to reduced sales receipts[17] - The net increase in cash and cash equivalents for the first nine months of 2018 was CNY -451,990,768.09, a decrease of 141.15% year-on-year, resulting from combined impacts of operating, investing, and financing activities[17] - Cash inflows from operating activities totaled CNY 2,541,050,141.04, down from CNY 3,513,783,193.12 in the previous year, a decline of about 27.7%[49] - The net cash flow from financing activities was -1,277,440,556.51 CNY, compared to -622,311,330.08 CNY in the previous period, indicating increased cash outflows[51] - The company reported a total cash outflow from operating activities of 1,643,914,740.56 CNY, compared to 765,194,987.63 CNY in the previous period, reflecting increased operational expenses[52] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 82,728[11] - The top ten shareholders held a combined 49.71% of the shares, with the largest shareholder holding 21.93%[11] - The equity attributable to shareholders increased to CNY 5.83 billion from CNY 5.57 billion, indicating improved shareholder value[31] Investment and Expenses - Investment income for the first nine months of 2018 reached CNY 268,374,637.87, an increase of 1561.52% year-on-year, mainly due to increased investment income from cooperative development projects[17] - The company incurred asset impairment losses of CNY 7,603,192.03, compared to CNY 2,438,701.20 in the same period last year[38] - The financial expenses for the period were CNY 20,530,702.38, a decrease from CNY 30,182,379.24 in the prior period[40] - The company is focusing on cost management, with a notable increase in management expenses to CNY 27.09 million from CNY 17.72 million[35]

Financial Performance - The company's operating revenue for the reporting period was ¥1,055,586,030.09, a decrease of 43.54% compared to ¥1,869,597,910.47 in the same period last year[18]. - Net profit attributable to shareholders was ¥415,968,682.59, representing an increase of 66.65% from ¥249,606,463.63 year-on-year[18]. - Basic earnings per share increased by 66.63% to ¥0.3081 from ¥0.1849 in the same period last year[18]. - The company reported a significant increase in investment income, rising by 3022.43% to ¥264,119,158.97, due to increased returns from cooperative development projects[32]. - The total comprehensive income for the first half of 2018 was CNY 449,451,656.42, compared to CNY 263,304,766.46 in the previous year, reflecting a growth of approximately 70.7%[111]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥21,237,569.12, a decline of 102.66% compared to ¥799,467,877.38 in the previous year[18]. - The company reported a cash inflow of 1,551,734,497.79 CNY from operating activities, up from 821,958,639.53 CNY in the previous period, indicating improved sales performance[120]. - The cash and cash equivalents at the end of the period amounted to 1,996,324,347.08 CNY, down from 3,590,909,222.29 CNY in the previous period, indicating a liquidity squeeze[118]. - The total cash inflow from financing activities was 1,564,100,000.00 CNY, while cash outflow was 2,631,422,949.02 CNY, resulting in a net cash flow of -1,067,322,949.02 CNY, reflecting increased debt repayment[118]. Assets and Liabilities - Total assets at the end of the reporting period were ¥12,094,223,129.67, down 7.96% from ¥13,139,931,309.25 at the end of the previous year[18]. - Total liabilities amounted to CNY 6,181,761,513.44, a decrease of 16.8% from CNY 7,432,572,286.19[103]. - The company's total assets at the end of the current period were CNY 7,313,070,563.07, reflecting stability[128]. - The total equity attributable to shareholders increased to CNY 5,739,394,546.25, up from CNY 5,567,774,926.91, reflecting a growth of 3.1%[104]. Investment and Development - The company achieved a total contracted sales area of 55,900 square meters and a contracted sales amount of 632 million yuan during the reporting period[27]. - The company confirmed an investment income of 263 million yuan from the project developed in cooperation with Shenzhen Metro Group, with the first two phases nearly sold out[29]. - The company has established a "one body, two wings" development strategy focusing on real estate development, housing leasing, and extending the real estate industry chain[25]. - Major ongoing projects include the "Deep Shanzhen Zhenye Times Garden" and "Guangzhou Zhenye Tiansong Garden," with investments of CNY 39.80 million and CNY 97.52 million, respectively[39]. Corporate Governance and Compliance - The company has ongoing commitments related to corporate governance and information management, which are being fulfilled[53]. - The half-year financial report has not been audited[55]. - There are no significant litigation or arbitration matters reported during the period[57]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[67]. Risk Management and Strategy - The company faces risks related to funding, market competition, and insufficient land reserves, which could impact future growth[46]. - To mitigate risks, the company plans to enhance project sales management and explore new financing methods, including REITs[47]. - The company aims to expand its land acquisition strategies, focusing on the Guangdong-Hong Kong-Macao Greater Bay Area and first-tier cities[48]. Social Responsibility and Community Engagement - The company actively participated in targeted poverty alleviation efforts in Longchuan County, Guangdong Province, focusing on infrastructure and community support[76]. - The total funding for poverty alleviation efforts in the first half of 2018 was 753,200 yuan[78]. - The company allocated 13.71 million RMB to improve medical and health resources in impoverished areas[79]. - The company is focusing on developing professional cooperatives to leverage local ecological and cultural resources for poverty alleviation through tourism[80].

深圳市振业(集团)股份有限公司 2018 年第一季度报告 深圳市振业(集团)股份有限公司 2018 年第一季度报告 2018 年 4 月 1 深圳市振业(集团)股份有限公司 2018 年第一季度报告 第一节 重要提示 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。 公司全体董事均亲自出席了审议本报告的董事会会议。 公司负责人赵宏伟、主管会计工作负责人朱新宏、财务总监于冰、分管会 计工作负责人及会计机构负责人方东红声明：保证本季度报告中财务报告的真 实、准确、完整。 2 深圳市振业(集团)股份有限公司 2018 年第一季度报告 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 485,058,860.26 | 1,167,907,487.84 | -58.47% | | 归属于上市公司股东的净利润（元） | 286 ...

Financial Performance - The company's operating revenue for 2017 was ¥2,959,450,243.71, a decrease of 11.89% compared to ¥3,358,826,445.85 in 2016[16] - The net profit attributable to shareholders for 2017 was ¥805,636,364.61, representing an increase of 3.47% from ¥778,580,909.98 in 2016[16] - The basic earnings per share for 2017 was ¥0.5968, up 3.47% from ¥0.5767 in 2016[16] - The total operating revenue for 2017 was approximately CNY 2.96 billion, a decrease of 11.89% compared to CNY 3.36 billion in 2016[39] - Real estate sales accounted for CNY 2.87 billion, representing 97.11% of total revenue, down 12.26% from CNY 3.28 billion in 2016[39] - The company achieved a significant revenue increase in Tianjin, with sales rising by 312.20% to CNY 1.55 billion, compared to CNY 375.30 million in 2016[39] - The gross profit margin for real estate sales was 29.81%, a slight increase of 0.70% year-on-year[42] - The total cost of sales for 2017 was ¥2,080,065,386.56, down 12.62% from the previous year[44] Cash Flow and Assets - The net cash flow from operating activities decreased by 58.62% to ¥706,881,307.64 in 2017 from ¥1,708,425,723.10 in 2016[16] - Operating cash inflow decreased by 33.92% to ¥2,840,526,966.24, primarily due to reduced sales collections[49] - The company's inventory decreased by 9.35% to ¥6,980,027,894.39, accounting for 53.12% of total assets[53] - The total assets at the end of 2017 were ¥13,139,931,309.25, a slight decrease of 0.23% from ¥13,170,385,529.96 at the end of 2016[16] - The company’s cash and cash equivalents increased by 238,194,092.06, but the net increase was down 75.47% compared to the previous year[49] Shareholder Returns - The company plans to distribute a cash dividend of ¥1.81 per 10 shares to all shareholders based on the total share capital as of 2017[6] - The company implemented a cash dividend policy, distributing CNY 1.80 per 10 shares to shareholders in 2017[73] - The cash dividend for 2016 was 1.80 CNY per 10 shares, amounting to 242,999,108.28 CNY, which accounted for 31.21% of the net profit attributable to shareholders of 778,580,909.98 CNY[76] - The cash dividend for 2015 was 1.20 CNY per 10 shares, totaling 161,999,405.52 CNY[75] - The proposed cash dividend of 1.81 CNY per 10 shares for the year 2017 totals 244,349,103.33 CNY, which represents 30.33% of the net profit attributable to shareholders of 805,636,364.61 CNY[78] Corporate Governance - The company has received an A-level rating for information disclosure from the Shenzhen Stock Exchange for five consecutive years, indicating strong governance practices[32] - The company has committed to improving corporate governance and has been fulfilling its commitments to shareholders[79] - The company has established a comprehensive governance structure, ensuring compliance with regulatory requirements and maintaining independence from its controlling shareholder[158] - The independent directors receive a remuneration of 100,000 RMB per person per year, with additional compensation for attending meetings[152] - The company has established various internal control and information disclosure management systems to ensure compliance and protect insider information[160] Strategic Initiatives - The company plans to establish a housing rental operation management company to create a comprehensive platform for housing and commercial property asset management[26] - The company is actively exploring various project acquisition methods, including government-enterprise cooperation and asset mergers, to enhance its project resource acquisition[31] - The company is focusing on enhancing its marketing strategies and improving project quality to meet sales targets[67] - The company plans to expand its land acquisition strategies, targeting the Guangdong-Hong Kong-Macao Greater Bay Area and first-tier cities[68] - The company is in the preparatory stage for several new projects, including the Guangxi Zhuang Autonomous Region's Wu Wei project, indicating plans for future expansion[35] Social Responsibility - The company invested CNY 2.37 million in poverty alleviation efforts, improving local infrastructure and supporting agricultural initiatives[33] - The company actively participated in targeted poverty alleviation efforts, focusing on the New Four Village in Longchuan County, Guangdong Province[110] - The company completed its 2017 poverty alleviation plan, which included various infrastructure improvements and support for impoverished households[111] - The company has registered to issue medium-term notes not exceeding RMB 2 billion to optimize its debt structure[119] - The company has allocated RMB 29,000 for the support of "three留守" individuals, helping 226 of them[115] Internal Controls and Audit - The company maintained effective internal controls over financial reporting as of December 31, 2017, according to the internal control audit report[174] - There were no significant deficiencies identified in the internal control audit report[175] - The audit opinion issued by Ruihua Certified Public Accountants was a standard unqualified opinion[177] - The company has not established anti-fraud procedures and controls, which is a significant deficiency[173] - The management is responsible for ensuring the financial statements reflect a true and fair view in accordance with accounting standards[188]