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].

深圳市振业(集团)股份有限公司 2019 年第一季度报告 深圳市振业(集团)股份有限公司 2019 年第一季度报告 2019 年 4 月 1 深圳市振业(集团)股份有限公司 2019 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。 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 2019 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 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|------------------ ...

深圳市振业(集团)股份有限公司 2018 年年度报告 深圳市振业(集团)股份有限公司 2018 年年度报告 2019 年 03 月 深圳市振业(集团)股份有限公司 2018 年年度报告 转增股本。 1 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证本报告所载资料 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。 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：保证年度报告中财务报 告的真实、准确、完整。 公司全体董事均亲自出席了审议本报告的董事会会议。 公司年度报告中部分章节涉及对于未来经营计划或经营工作安排的描述，相 关计划或安排的落实受到多方面因素的影响，并不构成公司对于投资者的实质 承诺，在此提请广大投资者注意投资风险。 公司已在本报告中详细描述可能存在的相关风险及应对措施，敬请查阅第四 节经营情况讨论与分析中"公司未来发展的展望"的有关内容。 | --- | |---------------------------------------------- ...

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]

Financial Performance - Total assets at the end of the reporting period reached ¥13,222,691,674.59, an increase of 0.40% compared to the end of the previous year[5] - Net assets attributable to shareholders of the listed company amounted to ¥5,101,275,375.20, reflecting a growth of 1.92% year-on-year[5] - Operating revenue for the reporting period was ¥449,663,071.56, representing a significant increase of 62.32% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was ¥89,530,349.27, a remarkable increase of 622.16% year-on-year[5] - Basic earnings per share for the reporting period was ¥0.0663, up 620.65% compared to the same period last year[5] - The weighted average return on net assets was 2.05%, an increase of 1.76% compared to the previous year[5] - The net cash flow from operating activities for the year-to-date was ¥1,078,657,485.86, down 28.88% year-on-year[5] Shareholder Information - The top ten shareholders held a combined 57.65% of the shares, with the largest shareholder holding 21.93%[9] - The company reported a total of 80,457 common shareholders at the end of the reporting period[9] Asset and Liability Changes - As of September 30, 2017, cash and cash equivalents increased by 33.30% to CNY 3,876,601,014.21 compared to the beginning of the year, primarily due to increased sales collection and reduced development investments[13] - Prepaid accounts decreased by 60.32% to CNY 104,395,000.00, mainly due to the transfer of the land deposit for the completed land transfer procedures to inventory[13] - Non-current liabilities due within one year increased by 285.63% to CNY 2,772,494,500.57, primarily due to bonds payable maturing within one year being fully transferred[13] - Other payables increased by 487.16% to CNY 586,700,983.30, mainly due to the receipt of funds from joint venture projects[13] Revenue and Expense Analysis - Operating revenue for the period reached CNY 2,319,260,982.03, representing a 102.43% increase year-on-year, driven by an increase in the area of real estate recognized[14] - Operating costs increased by 139.92% to CNY 1,612,449,511.45, also attributed to the increase in the area of real estate recognized[14] - Investment income rose by 236.65% to CNY 16,152,337.97, mainly due to the previous year's projects not meeting revenue recognition conditions[15] - Financial expenses decreased by 30.26% to CNY 84,599,053.86, primarily due to a reduction in the average balance of interest-bearing liabilities[14] - The company reported a significant increase in income tax expenses by 163.20% to CNY 115,766,740.01, attributed to increased operating profits[15] Corporate Social Responsibility - The company conducted a total of 20 million yuan in funding for poverty alleviation efforts during the third quarter, helping 99 registered impoverished individuals to escape poverty[24] - The company plans to invest a total of 1.093 million yuan in poverty alleviation in the fourth quarter, aiming for an 80% poverty alleviation rate among relatively impoverished households[26] - The company has implemented three agricultural and forestry industry poverty alleviation projects, assisting 94 registered impoverished individuals to escape poverty[24] - The company has provided support for 16 impoverished students, with no financial input for educational resources during the third quarter[25] - The company has engaged in ecological protection and construction projects, investing 20 million yuan in related efforts[25] Governance and Compliance - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[22] - The company has not engaged in any external guarantees that violate regulations during the reporting period[21] Community Development - The company has continued to improve the living environment in the New Four Village through various community projects[23] - The company plans to enhance the infrastructure in New Four Village, including the construction of roads and public facilities[26] Investor Relations - The company has conducted multiple investor relations activities, including on-site investigations and written inquiries, throughout the reporting period[20] Major Asset Restructuring - The company is currently undergoing a major asset restructuring, with stock trading suspended since September 11, 2017, pending further developments[16]