Dividend Distribution - The company plans to distribute a cash dividend of 0.20 CNY per 10 shares and to increase capital by 2 shares for every 10 shares held[2]. - The total number of shares for the dividend distribution is 2,149,344,971[2]. - The company declared a cash dividend of ¥42,986,899.42 for the year 2018, which represents 20.11% of the net profit attributable to shareholders in the consolidated financial statements[76]. - The total distributable profit for 2018 was ¥143,148,172.94, with the cash dividend amounting to 100% of the total profit distribution[77]. - The company plans to distribute dividends at a rate of ¥0.20 per 10 shares and to issue 2 additional shares for every 10 shares held[78]. - The cash dividend for 2018 is consistent with the previous years, maintaining the same amount of cash dividends declared since 2016[76]. Financial Performance - The company's operating revenue for 2018 was CNY 11,715,547,130.35, representing a 66.80% increase compared to CNY 7,023,511,217.26 in 2017[12]. - The net profit attributable to shareholders for 2018 was CNY 213,780,584.63, a 60.49% increase from CNY 133,203,837.23 in 2017[13]. - The net cash flow from operating activities reached CNY 2,722,841,990.04, marking a significant increase of 596.54% compared to CNY 390,907,160.93 in 2017[13]. - The basic earnings per share for 2018 was CNY 0.10, up 66.67% from CNY 0.06 in 2017[13]. - Total assets at the end of 2018 amounted to CNY 29,849,801,106.40, a 10.11% increase from CNY 27,109,464,910.13 at the end of 2017[13]. - The net profit for 2018 was reported at ¥213,780,584.63, a significant increase compared to the previous year's net profit of ¥133,203,837.23[76]. Business Expansion and Investments - The company has been involved in various business expansions, including investments in high-tech industries such as new materials and modern biomedicine since 2014[12]. - The company is focused on expanding its high-tech industries, particularly in new materials and new energy vehicles, which have significant growth potential[20]. - The company plans to continue exploring new investment opportunities in strategic emerging industries such as new materials and new energy vehicles[68]. - The company has successfully promoted five subsidiaries to be listed on the New Third Board, enhancing its capital operation capabilities[25]. Market Position - The company maintains a leading market share of 51.4% in the retail terminal market for hemorrhoid medication, according to research by Zhongkang Information[25]. - The company has a complete lithium battery anode material industry chain and holds a leading position globally in this sector[25]. Research and Development - The number of R&D personnel increased by 44.78% to 818 in 2018, with R&D investment amounting to ¥376,191,746.25, a 36.84% increase from the previous year[47]. - The company will enhance its research and development efforts to innovate new products and improve product reliability in the high-tech industry[69]. - The company has identified risks in the high-tech sector, including policy changes and technological obsolescence, and plans to mitigate these through improved management and innovation[70]. Legal Matters - The company is involved in a lawsuit with a total amount of RMB 14,908.61 million, seeking repayment from three companies for guaranteed loans[88]. - The company has initiated bankruptcy proceedings against the three defendants due to their inability to repay debts[88]. - The company is currently awaiting the outcome of an appeal regarding a property dispute involving Shenzhen Huahaoyuan Investment Co., Ltd.[88]. - The company has a pending case regarding a land lease agreement signed in 1993, with a claim amounting to RMB 3,286.41 million[89]. Environmental Compliance - Shenzhen BTR New Energy Materials Co., Ltd. discharged wastewater with a total emission of 18,376 tons, with a maximum allowable discharge of 60 tons per day, and no exceedance of standards reported[115]. - The company has implemented effective measures for dust and noise control, including road hardening and the use of soundproof equipment[118]. - The company has established a robust environmental monitoring system to ensure compliance with pollution discharge standards[121]. Corporate Governance - The company has established a robust corporate governance structure, complying with relevant laws and regulations, ensuring independent operation from major shareholders[161]. - The company is focused on enhancing its governance through independent directors, ensuring compliance and accountability[146]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 19.41 million[152]. Shareholder Structure - The company does not have a controlling shareholder or actual controller, indicating a decentralized ownership structure[137]. - The total number of shareholders at the end of the reporting period was 177,017, an increase from 172,233 at the end of the previous month[134]. - Shenzhen Fu'an Holdings Co., Ltd. holds 11.91% of shares, totaling 256,013,898 shares, with 134,000,000 shares pledged[135]. Financial Management - The company maintained a loan repayment rate of 100% during the reporting period, demonstrating effective debt management[186]. - The company received a credit rating upgrade to AA+ for its main credit rating and AAA for its bond rating, with a stable outlook[182]. - The company strictly adhered to the commitments outlined in the bond issuance prospectus, ensuring no detriment to bond investors[189].

Dividend Distribution - The company plans to distribute a cash dividend of 0.20 RMB per 10 shares to all shareholders, based on a total of 2,579,213,965 shares[3]. - The company plans to distribute a cash dividend of 0.20 yuan per 10 shares, totaling 51,584,279.30 yuan for the year 2019, which represents 17.13% of the net profit attributable to ordinary shareholders[79]. - The total number of shares for the dividend distribution base in 2019 is 2,579,213,965 shares[82]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 42,986,899.42 yuan in 2017 and 42,986,899.42 yuan in 2018, representing 32.27% and 20.11% of net profit respectively[81]. Business Operations and Strategy - The company has undergone changes in its main business operations since its listing in June 1991, including a shift towards high-tech industries such as new materials and renewable energy[11]. - The company is focused on expanding its operations in high-tech industries, including modern biomedicine and renewable energy projects[11]. - The company is focused on developing a high-tech industrial group centered on new materials, with ongoing efforts in upgrading operations and risk prevention[19]. - The company aims to build a high-tech industrial group focused on new materials, capitalizing on the rapid development of the new materials industry driven by national policies[73]. - The biopharmaceutical sector will continue to innovate and upgrade business models in response to new opportunities and challenges in the healthcare market[74]. - The real estate sector will focus on sales, inventory reduction, and cash recovery to improve operational efficiency and profitability[74]. - The company plans to implement a strategy of "securitization, light assets, low debt, and high efficiency" to ensure stable and sustainable development in 2020[75]. Financial Performance - The company's operating revenue for 2019 was ¥11,948,727,206.58, representing a year-on-year increase of 1.99% compared to ¥11,715,547,130.35 in 2018[13]. - The net profit attributable to shareholders for 2019 was ¥301,136,296.48, a significant increase of 40.86% from ¥213,780,584.63 in 2018[14]. - The basic earnings per share for 2019 was ¥0.1168, up 40.89% from ¥0.0829 in 2018[14]. - The weighted average return on equity for 2019 was 5.54%, an increase from 4.18% in 2018[14]. - The total profit reached 563 million yuan, representing a year-on-year increase of 42.93%[30]. - The company achieved a net profit of CNY 301,136,296.48 for the year 2019, with a net profit attributable to the parent company of CNY 178,079,602.89[83]. Shareholder Information - The company reported that its major shareholders include Shenzhen Fu'an Holdings Co., Ltd. and Shenzhen Bao'an District Investment Management Co., Ltd., holding 8.34% and 6.95% respectively after the equity division reform in May 2008[11]. - The largest shareholder, Shenzhen Fu'an Holdings Co., Ltd., holds 11.91% of the shares, amounting to 307,216,678 shares, with an increase of 51,202,780 shares during the reporting period[145]. - The second-largest shareholder, Shenzhen Baoan District Investment Management Co., Ltd., holds 5.57% of the shares, totaling 143,744,852 shares, with an increase of 23,957,475 shares[145]. - The company has no controlling shareholder or actual controller, with the largest shareholders holding more than 5% being Shenzhen Fu'an Holdings Co., Ltd. and Shenzhen Bao'an District Investment Management Group Co., Ltd.[148]. Legal Proceedings - The company has provided guarantees for loans totaling RMB 149.09 million and has initiated legal proceedings to recover these amounts, but has not yet succeeded in recovering the debts due to the defendants' inability to repay[102]. - The company is pursuing bankruptcy proceedings against three defendants involved in the loan guarantees, with one case being rejected by the Shenzhen Intermediate People's Court[102]. - The company has initiated a lawsuit against Hu Zhiqiang for a stock repurchase agreement, claiming a total of RMB 19.20 million, which includes the repurchase amount and penalties[103]. - The company is currently involved in multiple legal disputes, with ongoing bankruptcy proceedings affecting related parties[105]. - The company is actively pursuing its legal rights and claims in various ongoing litigation matters[105]. Risk Management - The company has detailed risk factors and corresponding measures in its report, highlighting potential challenges for future development[3]. - The company is addressing risks in the high-tech industry by implementing lean management and enhancing collaboration with customers to meet market demands[76]. - The real estate sector faces risks related to policy and market fluctuations, with a focus on inventory management and sales acceleration to improve cash flow[78]. Research and Development - The company is actively investing in research and development to innovate and develop new products, aiming to improve core competitiveness[76]. - Research and development expenses increased by 8.07% to ¥400,788,674.37 in 2019, compared to ¥370,862,736.96 in 2018[50]. - The company’s R&D investment reached ¥409,051,700.70 in 2019, up 8.73% from ¥376,191,746.25 in 2018, with R&D investment accounting for 3.42% of operating revenue[52]. Environmental Responsibility - The company is committed to fulfilling its social responsibilities regarding environmental protection and pollution prevention[131]. - The wastewater treatment facilities of Beiterui New Materials Group operated normally with no exceedance of discharge standards[131]. - Yibin Jinshi New Materials Technology implemented multiple measures for air pollution control, ensuring no exceedance of emission standards[131]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[129]. Corporate Governance - The company has established a robust corporate governance structure, complying with relevant laws and regulations, and ensuring independent operation without major shareholder interference[175]. - The audit committee confirmed that the audited financial statements for 2018 align with the company's actual operating conditions, ensuring the completeness and reliability of the financial information[182]. - The company has not identified any significant internal control deficiencies during the reporting period[189]. - The company is committed to maintaining transparency and accountability in its financial reporting and governance practices[160].

Financial Performance - Operating revenue for the period was ¥2,863,920,569.09, representing a year-on-year growth of 23.90%[3] - Net profit attributable to shareholders was ¥62,612,574.87, a significant increase of 484.11% year-on-year[3] - Basic earnings per share for the period was ¥0.0243, up 485.71% year-on-year[3] - The weighted average return on net assets was 1.15%, an increase of 448.48% compared to the previous year[3] - The company's operating revenue increased by 31.68% year-on-year to CNY 8,755,575,592.59, driven by growth in high-tech industries and real estate project revenue recognition[11] - The net profit attributable to shareholders of the parent company rose by 103.52% to CNY 200,688,169.57, primarily due to growth in high-tech industries and real estate project revenue recognition[12] - The company reported a significant increase in tax expenses, up 159.71% to CNY 304,394,587.75, attributed to growth in high-tech industries and real estate project revenue recognition[11] - The net profit for Q3 2019 reached CNY 193,538,091.44, compared to CNY 35,251,102.60 in Q3 2018, showing significant growth[33] - The total profit for Q3 2019 reached CNY 878,755,900.63, compared to CNY 376,692,059.47 in Q3 2018, marking an increase of about 133%[39] - The net profit for Q3 2019 was CNY 574,361,312.88, a significant increase from CNY 259,486,421.20 in the same period last year, representing a growth of approximately 121%[39] Cash Flow - The company reported a net cash flow from operating activities of ¥1,391,318,485.41 for the year-to-date, a decrease of 32.34% compared to the same period last year[3] - The cash flow from operating activities decreased by 32.34% to CNY 1,391,318,485.41, mainly due to a significant amount received from old renovation project cooperation guarantees in the previous year[12] - The cash flow from operating activities for Q3 2019 was CNY 8,472,433,535.68, compared to CNY 7,315,479,558.25 in the same period last year, indicating a growth of approximately 15.9%[44] - Net cash flow from operating activities for Q3 2019 was CNY 1,391,318,485.41, down from CNY 2,056,285,377.24 in Q3 2018, a decline of approximately 32.3%[45] - Cash paid for operating activities was CNY 7,679,912,645.92, which is an increase of about 14.66% compared to CNY 6,696,440,806.35 in the previous year[45] Assets and Liabilities - Total assets at the end of the reporting period reached ¥30,487,857,201.51, an increase of 2.14% compared to the end of the previous year[3] - The company's total liabilities increased by 219.92% to CNY 2,017,868,496.67, primarily due to the reclassification of medium-term notes maturing within one year[11] - Total liabilities as of September 30, 2019, were CNY 19,879,504,791.32, compared to CNY 19,399,254,079.98 at the end of 2018, indicating an increase of approximately 2.46%[26] - The company's total assets reached CNY 30,487,857,201.51, up from CNY 29,849,801,106.40, marking a growth of about 2.14%[27] - The total liabilities amounted to CNY 16,535,361,616.61, indicating a stable financial position[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 167,281[6] - The largest shareholder, Shenzhen Fu'an Holdings, held 11.91% of the shares, totaling 307,216,678 shares[6] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[8] Investments and Projects - The company plans to invest in a graphite mining project and a lithium-ion battery anode material project, indicating a focus on expanding its product offerings[13] - The company plans to invest in a graphite mining project in Jixi City, Heilongjiang Province, focusing on exploration rights and deep processing integration[15] - The company is set to construct a lithium-ion battery anode material project with an annual production capacity of 40,000 tons[15] Financial Management - The company reported a total of 58,026.95 million yuan in entrusted financial management, with an outstanding balance of 40,525.00 million yuan[19] - The company holds various securities investments, with a total value of 919,848,814.77 yuan at the end of the reporting period[18] - The company has no overdue commitments or unfulfilled promises from major shareholders or related parties during the reporting period[15] - The company has not engaged in any derivative investments during the reporting period[21] - There were no violations regarding external guarantees during the reporting period[22] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[22] - The company has not conducted any investor communication activities during the reporting period[21] Changes in Financial Position - The company's investment income turned negative at CNY -85,845,644.92, a decrease of 122.75% compared to the previous year, due to significant gains from subsidiary disposals in the prior period[11] - The company's deferred income increased by 31.08% to CNY 577,395,340.47, mainly due to an increase in government subsidies[11] - The company's other comprehensive income decreased by 93.19% to CNY 3,516,937.04, primarily due to changes in foreign currency translation differences[11] - The company's financial expenses for the current period totaled CNY 346,166,919.12, an increase from CNY 321,378,519.76 in the previous period[38] - The company reported a fair value change income of CNY 100,394,165.86, contrasting with a loss of CNY -471,429,483.27 in the previous period[38] Research and Development - Research and development expenses amounted to CNY 271,270,886.27, up from CNY 226,622,269.07 in the previous period, reflecting a growth of approximately 19.7%[38] Accounting Standards - The company has adopted new financial accounting standards effective January 1, 2019, impacting the reporting of financial instruments[57]

Dividend and Share Distribution - The company plans to distribute a cash dividend of 0.20 CNY per 10 shares and to increase capital by 2 shares for every 10 shares held[2]. - The total number of shares for the dividend distribution is 2,149,344,971[2]. - The company reported a cash dividend of 0.20 yuan per 10 shares for the 2017 fiscal year, with a similar plan for 2018 pending shareholder approval[73]. - The company declared a cash dividend of ¥42,986,899.42 for the year 2018, which represents 20.11% of the net profit attributable to shareholders[75]. - The total distributable profit for 2018 was ¥143,148,172.94, with the cash dividend amounting to 100% of the total profit distribution[76]. - The company plans to distribute dividends at a rate of ¥0.20 per 10 shares and to issue 2 bonus shares for every 10 shares held[77]. Financial Performance - The company's operating revenue for 2018 was CNY 11,715,547,130.35, representing a 66.80% increase compared to CNY 7,023,511,217.26 in 2017[12]. - The net profit attributable to shareholders for 2018 was CNY 213,780,584.63, a 60.49% increase from CNY 133,203,837.23 in 2017[13]. - The net cash flow from operating activities reached CNY 2,722,841,990.04, marking a significant increase of 596.54% compared to CNY 390,907,160.93 in 2017[13]. - The total assets at the end of 2018 amounted to CNY 29,849,801,106.40, a 10.11% increase from CNY 27,109,464,910.13 at the end of 2017[13]. - The diluted earnings per share for 2018 was CNY 0.10, up 66.67% from CNY 0.06 in 2017[13]. - The company's operating profit reached CNY 107,254.58 million, representing a significant increase of 200.20% year-on-year[27]. - The company's total operating revenue for the reporting period was approximately 11.72 billion yuan, reflecting a growth of 66.80% year-on-year[33]. Risk Management - The company emphasizes that forward-looking statements regarding development strategies and future operational plans do not constitute a commitment to investors[2]. - The company has detailed risk factors and corresponding measures in the report, particularly in the section discussing future development prospects[2]. - The company is facing risks from industry policies, technological substitution, and safety production in the high-tech sector, necessitating proactive risk management measures[69]. - In the biopharmaceutical sector, the company is addressing risks related to industry policies and quality safety, focusing on innovation and operational efficiency[70]. - The real estate sector is under pressure from market risks and inventory challenges, prompting the company to enhance risk control and management practices[71]. - The company emphasizes the importance of product quality and safety, implementing strict quality management systems to mitigate risks[70]. Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring proper operation and oversight[159]. - The board includes independent directors with extensive experience in accounting and law, ensuring compliance and oversight[146]. - The company emphasizes its commitment to corporate governance with a well-structured board and supervisory committee[147]. - The company has a diverse management team with extensive backgrounds in finance, law, and engineering, enhancing its operational capabilities[148]. - The company has set up various committees under the board to enhance governance and operational efficiency[159]. Subsidiaries and Investments - The company added 4 subsidiaries through equity acquisition and 6 new subsidiaries during the reporting period[39]. - The company completed the transfer of 52% equity in Yongli Technology, generating an investment income of 66.32 million yuan[28]. - The company has expanded its overseas assets, with a total asset scale of CNY 2,065,873,858.20 in Hong Kong, accounting for 8.17% of the company's net assets[24]. - The company completed the transfer of all equity in three Weihai companies for a total of RMB 689.3051 million, including debt repayment[125]. Social Responsibility and Environmental Impact - The company donated a total of CNY 47.15 million in funds and CNY 737.55 million in material assistance for poverty alleviation efforts in 2018[110]. - The company operates a wastewater treatment facility and adheres to the pollution discharge standards set by the Guangdong provincial government[114]. - The company has a commitment to social responsibility, actively participating in charitable activities and supporting local cultural development[108]. - The company has established a charity fund to support various humanitarian efforts, including education and disaster relief[109]. - The company is focused on improving rural infrastructure and living conditions for impoverished communities through targeted assistance programs[113]. Legal Matters - The company is involved in a lawsuit concerning a total amount of RMB 61,216.88 million related to land recovery in Danzhou City, which has not formed an estimated liability[84]. - The company has a pending lawsuit for RMB 14,908.61 million against Shenzhen Petrochemical Group for loan guarantees, with no recovery achieved to date[86]. - A court ruling in 2010 ordered Shenzhen Huahaoyuan Investment to pay RMB 2,155.36 million, with a subsequent claim of RMB 1,875.36 million pending in bankruptcy proceedings[86]. - The company is pursuing a claim of RMB 1,920.47 million against Hu Zhiqiang for stock repurchase obligations, which is currently under court review[87]. Financial Management - The company’s liquidity ratio decreased to 156.55% from 164.16% year-on-year, indicating a slight decline in short-term financial health[184]. - The company maintained a loan repayment rate of 100% and an interest payment rate of 100% during the reporting period[184]. - The company strictly adhered to the commitments outlined in the bond issuance prospectus, ensuring no detriment to bond investors[187]. - The company reported a deferred tax asset related to deductible losses amounting to RMB 117.12 million as of December 31, 2018[195]. - The accounts receivable balance stood at RMB 3,112.05 million, with a provision for bad debts of RMB 257.04 million as of December 31, 2018[196]. Employee and Management Structure - The total number of employees in the company is 13,620, with 5,083 in production, 1,851 in sales, and 2,416 in technical roles[154]. - The company has 54 employees with a doctoral degree and 345 with a master's degree, indicating a diverse educational background among staff[155]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 19.41 million[152]. - The company emphasizes a competitive and fair compensation policy based on job value and performance[156]. - The company is committed to creating a learning organization with effective training plans tailored to business development needs[157].

Financial Performance - The company's operating revenue for Q1 2019 was ¥2,239,608,579.29, representing a 10.83% increase compared to ¥2,020,831,898.66 in the same period last year[3] - Net profit attributable to shareholders was ¥66,088,064.54, an increase of 87.57% from ¥35,233,598.66 year-on-year[3] - Basic earnings per share rose to ¥0.03, a 50.00% increase from ¥0.02 in the same period last year[3] - The company's net profit attributable to shareholders reached ¥66,088,064.54, an increase of 87.57% compared to the previous year, primarily due to the rise in fair value of securities investments[11] - The company reported a total comprehensive income of CNY 79,222,775.85 for Q1 2019, compared to CNY 55,015,076.89 in the same quarter last year[31] - The total comprehensive income amounted to ¥325,202,794.39, a decrease of ¥93,573,399.52 compared to the previous period[33] Cash Flow - The net cash flow from operating activities reached ¥345,993,924.83, showing a significant increase of 243.38% compared to ¥100,762,489.79 in the previous year[3] - The net cash flow from operating activities was ¥345,993,924.83, reflecting a significant increase of 243.38% year-on-year, attributed to improved collection from subsidiaries and real estate project sales[11] - Operating cash inflow reached ¥2,860,068,548.96, an increase from ¥2,371,170,615.60 in the previous period[35] - Cash flow from investment activities showed a net outflow of ¥413,445,628.07, worsening from a net outflow of ¥316,136,503.03 in the previous period[36] - Cash flow from financing activities resulted in a net inflow of ¥99,446,601.81, compared to a net outflow of ¥201,640,227.99 in the previous period[36] - The company received tax refunds amounting to ¥8,709,387.36, an increase from ¥4,155,773.46 in the previous period[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥30,012,095,163.18, reflecting a 0.54% increase from ¥29,849,801,106.40 at the end of the previous year[3] - The total assets of the company stood at CNY 30,012,095,163.18, up from CNY 29,849,801,106.40, marking an increase of about 0.54%[23] - Total liabilities increased to ¥19,708,615,910.24, up from ¥19,399,254,079.98, representing a growth of approximately 1.6% year-over-year[24] - Non-current liabilities rose to ¥7,618,770,256.99 from ¥6,542,132,453.82, marking an increase of about 16.4%[24] - Current liabilities decreased to ¥12,089,845,653.25, down from ¥12,857,121,626.16, reflecting a decline of approximately 6%[24] - The total current liabilities were CNY 5,358,798,239.34[46] Investments and Expenses - The company reported an investment loss of ¥62,071,409.93, a significant increase of 687.33% compared to the previous year, mainly due to losses from the disposal of securities investments[11] - Research and development expenses increased to CNY 88,614,263.05, compared to CNY 72,980,000.55 in Q1 2018, reflecting a focus on innovation[29] - Sales expenses increased by 42.72% to ¥256,440,521.98, primarily due to higher sales costs from real estate subsidiaries[11] - Other income rose by 77.00% to ¥24,285,002.85, primarily due to an increase in government subsidies[11] Shareholder Information - The top shareholder, Shenzhen Fu'an Holdings Co., Ltd., holds 11.91% of the shares, amounting to 256,013,898 shares[6] - The total number of ordinary shareholders at the end of the reporting period was 172,233[6] Government Support - The company received government subsidies amounting to ¥26,510,180.82 during the reporting period[4] - Other income increased to CNY 24,285,002.85 from CNY 13,720,109.94 in the same period last year, indicating improved operational efficiency[29] Future Plans - The company plans to invest in a graphite mining project and a lithium-ion battery anode material project, with a production capacity of 40,000 tons per year[13] - The company issued mid-term notes totaling ¥1 billion at an interest rate of 7.0%[13]

Financial Performance - Total assets increased to ¥28.80 billion, up 6.24% from the previous year-end[8] - Operating revenue for the period reached ¥2.31 billion, representing a 19.52% increase year-on-year[8] - Net profit attributable to shareholders was a loss of ¥16.30 million, a decrease of 116.24% compared to the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥85.69 million, an increase of 424.41% year-on-year[8] - The weighted average return on net assets was -0.33%, a decrease of 2.53% compared to the previous year[8] - Net profit attributable to the parent company decreased by 45.36% year-on-year, primarily due to declines in the securities market[20] Cash Flow - Cash flow from operating activities for the year-to-date was ¥2.06 billion, a significant increase of 4,181.27%[8] - Net cash flow from operating activities surged by 4181.27% year-on-year, attributed to the receipt of 600 million yuan in project cooperation deposits and increased pre-sale funds from real estate projects[21] - Cash flow from investing activities saw a net outflow increase of 5752.43% year-on-year, due to higher project investments by subsidiaries[22] Assets and Liabilities - Prepayments increased by 90.07% compared to the beginning of the year, mainly due to prepayments for real estate project costs[16] - Other current assets grew by 56.51% year-to-date, primarily due to increases in financial products and deductible taxes[16] - Long-term borrowings increased by 59.23% from the beginning of the year, mainly due to increased borrowings by subsidiaries[16] - Other non-current liabilities increased by 692.47% year-on-year, mainly due to received deposits for urban renewal cooperation projects[11] Revenue and Costs - Total operating revenue increased by 36.39% year-on-year, driven by growth in the high-tech, biomedicine, and real estate sectors[13] - Total operating costs rose by 34.84% year-on-year, corresponding to the revenue growth in the same sectors[14] - Sales expenses grew by 42.44% year-on-year, primarily due to increased sales costs in the biomedicine and real estate industries[16] Investment Performance - Investment income increased by 106.68% year-on-year, mainly from the disposal of subsidiaries including Yongli Technology and Weihai Port Bao[18] - Asset impairment losses rose by 56.34% year-on-year, driven by increased receivables and inventory write-downs[17] - Fair value changes in income decreased by 790.01% year-on-year, largely due to declines in securities market prices[19] Financial Management - The total amount of entrusted financial management reached CNY 1,074,451,145.60, with a net balance of CNY 1,019,899,725.65 after accounting for losses of CNY 471,429,483.27[25] - The company reported a loss of CNY 16,969,829.46 from its automotive sector investments, with a total value of CNY 46,232,546.40[25] - The pharmaceutical sector investments showed a total value of CNY 25,863,985.99, with a loss of CNY 1,571,485.99[25] - The financial assets in the technology sector amounted to CNY 33,575,811.20, reflecting a loss of CNY 5,797,368.84[25] - The company has no overdue amounts or risks associated with its entrusted financial management, indicating a stable financial position[28] - The total amount of financial management products from self-owned funds was CNY 181,027.50, with an unexpired balance of CNY 45,363.12[28] - The company did not engage in any derivative investments during the reporting period, maintaining a conservative investment strategy[28] Corporate Governance - There were no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[30][31] - The company actively responded to public investor inquiries regarding its operational status, adhering to investor relations management protocols[29] - The report indicates a focus on maintaining liquidity and minimizing risks in financial investments, reflecting a cautious approach to market conditions[28]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 4,337,867,219.49, representing a 47.59% increase compared to CNY 2,939,175,274.87 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 114,909,762.37, up 43.49% from CNY 80,082,095.11 year-on-year[18]. - The net cash flow from operating activities surged to CNY 462,015,645.16, a significant increase of 2,450.21% compared to CNY 18,116,794.37 in the previous year[18]. - Basic earnings per share rose to CNY 0.0535, reflecting a 43.43% increase from CNY 0.0373 in the same period last year[18]. - Total operating revenue for the first half of 2018 reached RMB 4,364,336,430.65, a significant increase of 47.5% compared to RMB 2,957,619,268.51 in the same period of 2017[168]. - Net profit attributable to shareholders of the parent company was RMB 114,909,762.37, up 43.5% from RMB 80,082,095.11 in the first half of 2017[168]. - Operating profit for the first half of 2018 was RMB 342,074,137.19, representing a 39.5% increase from RMB 244,944,779.56 in the same period of 2017[168]. - The company reported a total comprehensive income of RMB 217,498,239.09 for the first half of 2018, compared to RMB 254,621,538.40 in the same period of 2017[168]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 28,255,619,787.24, an increase of 4.23% from CNY 27,109,464,910.13 at the end of the previous year[18]. - The total liabilities reached RMB 18,328,195,525.53, compared to RMB 17,163,559,482.16, representing a rise of approximately 6.79%[166]. - The company's short-term borrowings decreased to RMB 5,541,546,321.22 from RMB 5,695,776,641.83, a decline of about 2.71%[166]. - The long-term borrowings increased to RMB 1,425,940,000.00 from RMB 974,994,220.50, marking a significant rise of approximately 46.29%[166]. - The total equity attributable to shareholders of the parent company was RMB 5,081,166,494.90, slightly up from RMB 4,999,547,608.24, showing an increase of approximately 1.63%[166]. Investments and Cash Flow - The company’s cash and cash equivalents rose to RMB 4,249,224,676.32 from RMB 3,937,271,098.70, reflecting an increase of about 7.93%[164]. - Investment income for the first half of 2018 was RMB 442,240,432.21, a significant increase from RMB 117,005,887.29 in the first half of 2017[168]. - The company experienced a net cash outflow from financing activities of RMB 129,438,850.73, compared to a net inflow of RMB 866,912,081.24 in the first half of 2017[170]. - The net cash flow from operating activities for the first half of 2018 was -349,410,012.80 RMB, a significant decrease compared to 735,677,797.90 RMB in the same period of 2017[182]. Subsidiaries and Business Segments - The high-tech industry segment generated sales revenue of CNY 2,337 million, a growth of 46.11% year-on-year[38]. - The company’s subsidiary, Bettery, reported operating income of CNY 1,534 million, a 20.98% increase, but net profit decreased by 22.04% to CNY 121 million[38]. - The company’s other subsidiary, International Precision, achieved operating revenue of CNY 404.09 million, with net profit of CNY 37.70 million, showing a decline due to increased fixed costs[38]. - The company’s subsidiary, Dadihe, saw a significant revenue increase of 103.59% to CNY 138.63 million, although it reported a net loss of CNY 34.61 million due to lower profit margins on new products[38]. Legal Matters - The company is involved in a significant lawsuit regarding the reclamation of land use rights, with an amount involved of 61,216.88 thousand yuan[79]. - The company is currently pursuing a claim for RMB 18.75 million against Shenzhen Huahaoyuan Investment Co., Ltd. for the return of excess distributed funds[80]. - The company has initiated legal proceedings against Hu Zhiqiang for a stock repurchase agreement, with a total claim of RMB 19.20 million including interest and penalties[81]. - The group is actively involved in litigation to recover debts from various companies, indicating a focus on improving cash flow and financial stability[83]. Environmental Compliance - The company reported a total wastewater discharge of 7200 tons per year, with no exceedance of the discharge standards[105]. - The wastewater treatment facility has a capacity of 60 tons per day, with a total annual discharge of 9450 tons, meeting the local environmental regulations[105]. - The company has implemented measures to ensure that emissions of particulate matter do not exceed 60.417 tons per year, adhering to the relevant pollution control standards[105]. - The company has established a monitoring system for groundwater quality, ensuring that parameters such as pH and total hardness remain within acceptable ranges[106]. Shareholder Information - The largest shareholder, Shenzhen Fu'an Holdings Co., Ltd., holds 11.91% of the shares, totaling 256,013,898 shares, with 232,000,000 shares pledged[132]. - The total number of shares after the changes is 2,149,344,971, with 98.63% being unrestricted shares[126]. - The company does not have a controlling shareholder or actual controller as of the reporting period[134]. - The total number of shares held by directors and senior management at the end of the period is 2,647,312 shares, with a net increase of 100,000 shares during the period[139].

Financial Performance - The company's operating revenue for Q1 2018 was ¥2,020,831,898.66, representing a 59.54% increase compared to ¥1,266,637,689.29 in the same period last year[8] - Net profit attributable to shareholders was ¥35,233,598.66, a 5.26% increase from ¥33,472,004.72 year-on-year[8] - The net profit after deducting non-recurring gains and losses surged to ¥102,769,549.21, compared to a loss of ¥9,360,016.37 in the previous year, marking a 1,197.96% increase[8] - The net cash flow from operating activities was ¥100,762,489.79, up 60.58% from ¥62,748,091.77 in the same period last year[8] - The basic earnings per share for the period was ¥0.0164, a 5.13% increase from ¥0.0156 in the same period last year[8] - Operating costs rose by 45.03% compared to the previous period, corresponding to the increase in operating revenue[16] - Tax expenses surged by 426.61% compared to the previous period, mainly due to increased tax liabilities from property sales by subsidiaries[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥27,472,955,960.52, reflecting a 1.34% increase from ¥27,109,464,910.13 at the end of the previous year[8] - The net assets attributable to shareholders increased to ¥5,011,910,079.78, a 0.25% rise from ¥4,999,547,608.24 at the end of the previous year[8] - Other non-current liabilities increased by 230.82% compared to the beginning of the year, mainly due to project cooperation deposits received from subsidiaries[16] Cash Flow - Net cash flow from operating activities increased by 60.58% compared to the previous period, attributed to a higher recovery of loans[17] - Net cash flow from investing activities decreased by 59.22% compared to the previous period, primarily due to increased investments[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 183,140[12] Investments - The company reported a total investment in securities of approximately CNY 1,100,004,973.26, with a total loss of CNY 115,687,390.29 during the reporting period[22] - The company holds a 0.59% stake in BGI Genomics (stock code: 300676) with a market value of CNY 393,919,004.16, resulting in a loss of CNY 62,901,990.59[22] - The company has a 4.80% stake in Haima Automobile (stock code: 000572) valued at CNY 318,675,200.00, with a loss of CNY 42,595,200.00[22] - The company reported a 0.02% stake in Geely Automobile (stock code: 00175) with a market value of CNY 38,027,325.00, incurring a loss of CNY 4,070,325.78[22] - The company has a 0.50% stake in Guangdong Rongtai (stock code: 600589) valued at CNY 19,775,074.08, resulting in a loss of CNY 1,813,900.68[22] - The company holds a 0.11% stake in Shandong Gold (stock code: 600547) with a market value of CNY 14,520,000.00, incurring a loss of CNY 4,523,153.01[22] - The company reported no derivative investments during the reporting period[23] Corporate Governance - There were no violations regarding external guarantees during the reporting period[25] - The company did not have any non-operational fund occupation by controlling shareholders or related parties during the reporting period[26] Investor Relations - The company conducted an investor relations activity on March 8, 2018, with institutional investors[24]

Financial Performance - Operating revenue for the reporting period reached CNY 1,933,940,180.47, a growth of 38.67% year-on-year[8] - Net profit attributable to shareholders decreased by 27.17% to CNY 100,396,916.77 compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 198.99% to CNY 16,339,504.38[8] - Basic earnings per share decreased by 26.56% to CNY 0.047[8] - The weighted average return on equity was 2.20%, down 28.33% from the previous year[8] Assets and Liabilities - Total assets increased by 23.12% to CNY 26,621,782,401.02 compared to the end of the previous year[8] - The company's cash and cash equivalents increased by 111.84% compared to the beginning of the year, mainly due to the increase in the scope of consolidation and a targeted issuance by the subsidiary Betterray[16] - Financial assets measured at fair value and recognized in profit or loss increased by 100.92% compared to the beginning of the year, primarily due to an increase in the balance of securities investments held by the company[16] - Accounts receivable increased by 40.98% compared to the beginning of the year, mainly due to the addition of new subsidiaries and related receivables not yet reaching the recovery period[16] - Prepayments increased by 261.61% compared to the beginning of the year, mainly due to prepayments for real estate project engineering and materials in the manufacturing sector[16] - Long-term borrowings increased by 32.57% compared to the beginning of the year, primarily due to the increase in the scope of consolidation of subsidiaries[17] - The company's accounts payable increased by 58.39% compared to the beginning of the year, mainly due to the increased use of bill settlements[17] Cash Flow - Cash flow from operating activities for the year-to-date increased by 88.22% to CNY 48,029,798.55[8] - The net cash flow from operating activities increased by 88.22% year-on-year, mainly due to high tax payments related to equity transfer in the previous period[18] - The net cash flow from financing activities increased by 557.19% year-on-year, primarily due to the issuance of medium-term notes and corporate bonds[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 187,214[12] - The largest shareholder, Shenzhen Fu'an Holdings Co., Ltd., holds 11.91% of the shares, amounting to 256,013,898 shares[12] Investments - The total value of investments held by the company at the end of the reporting period was approximately ¥878.56 million, with a significant portion in securities investments totaling ¥1,057.96 million[27] - The company reported a fair value of ¥115.29 million for Huada Gene, with a notable increase of ¥56.81 million compared to the previous period[26] - The fair value of investments in Haima Automobile was reported at approximately ¥435.57 million, showing a decrease of ¥11.94 million from the previous period[26] - The company reported a fair value of ¥52.77 million for Shandong Gold, with a slight decrease of ¥1.27 million compared to the previous period[26] Governance and Compliance - There were no instances of non-compliance regarding external guarantees during the reporting period, reflecting sound financial governance[30] - The company has not reported any non-operational fund occupation by controlling shareholders or related parties during the reporting period, indicating financial integrity[31] Social Responsibility - The company has not conducted any poverty alleviation work to date but plans to align its efforts with national poverty alleviation strategies in the future[32] - The company plans to enhance its overall planning and specific arrangements for fulfilling social responsibilities related to poverty alleviation in the future[32] Investor Relations - The company reported non-operating income from government subsidies amounting to CNY 51,456,502.83[9] - The company received multiple inquiries from public investors regarding its operational status, demonstrating active engagement with stakeholders[29] Financial Expenses - The company's financial expenses increased by 54.78% year-on-year, mainly due to the expansion of the financing scale[18] - The company's goodwill increased by 34.01% compared to the beginning of the year, mainly due to the acquisition of International Precision[16]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 2,939,175,274.87, representing a 5.18% increase compared to CNY 2,794,445,066.40 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 80,082,095.11, an increase of 10.43% from CNY 72,516,537.15 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,444,802.94, a significant decrease of 91.40% compared to CNY 40,034,325.51 in the same period last year[17]. - The net cash flow from operating activities was CNY 18,116,794.37, down 13.56% from CNY 20,959,692.05 in the previous year[17]. - Total assets at the end of the reporting period were CNY 24,249,227,168.92, reflecting a 12.15% increase from CNY 21,622,925,841.20 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were CNY 4,535,459,264.83, a slight increase of 1.40% from CNY 4,472,675,044.99 at the end of the previous year[17]. - The basic earnings per share for the reporting period was CNY 0.0373, up 10.68% from CNY 0.0337 in the previous year[17]. - The total operating revenue for the reporting period reached CNY 2,957.62 million, an increase of 5.14% compared to the same period last year[41]. - The net profit attributable to the parent company was CNY 80.08 million, reflecting a year-on-year growth of 10.43%[41]. - The total operating revenue for the first half of 2017 reached RMB 2,957,619,268.51, an increase of 5.2% compared to RMB 2,812,909,026.33 in the same period of 2016[154]. - Net profit attributable to shareholders of the parent company was RMB 80,082,095.11, up 10.5% from RMB 72,516,537.15 in the first half of 2016[154]. Investment and Assets - The company reported non-recurring gains of CNY 76,637,292.17, which included CNY 66,339,716.66 from the disposal of non-current assets[22]. - The company completed an unconditional full takeover of International Precision, holding 534,171,250 shares, accounting for 50.76% of its total share capital[34]. - The long-term equity investment decreased by 39.46% to CNY 724.70 million, as the company included International Precision in the consolidation scope[44]. - The total investment during the reporting period was CNY 984,153,227.26, marking a 43.91% increase compared to CNY 683,876,188.99 in the same period last year[59]. - The company acquired a 15.25% stake in International Precision for CNY 354,141,694.50, increasing its total ownership to 50.76%[61]. - The total fair value of securities held at the end of the period was 671,450,804.50 CNY, with a loss of 22,283,539.90 CNY[64]. - The company reported a total investment value of 745,585,651.86 CNY, with a fair value of 283,806,635.98 CNY and a loss of 21,808,634.24 CNY during the reporting period[64]. Subsidiary Performance - The high-tech industry achieved sales revenue of 1.599 billion yuan, a year-on-year increase of 24.29%, with a total profit of 186 million yuan, a decrease of 9.86%[26]. - The subsidiary Better Ray reported sales revenue of 1.268 billion yuan, a year-on-year increase of 32.87%, and a net profit of 156 million yuan, a year-on-year increase of 21.81%[26]. - The subsidiary Dadihe reported sales revenue of 68.09 million yuan, a year-on-year decrease of 72.71%, and a net loss of 19.31 million yuan, a year-on-year decrease of 134.52%[27]. - Yongli Technology achieved sales revenue of 62.37 million yuan, a year-on-year increase of 63.11%, and a net profit of 12.20 million yuan, a year-on-year increase of 426.44%[27]. - The subsidiary Jiangxi Baoan New Materials completed the development of gasoline vehicle catalyst formulations that meet EPA standards and began supplying to the U.S. market[30]. - The subsidiary Ma Yinglong achieved sales revenue of 782 million yuan, a year-on-year decrease of 17.53%, while net profit increased by 10.16% to 174 million yuan[31]. - The subsidiary Green Gold High-tech reported sales revenue of 30.35 million yuan, a year-on-year increase of 16.79%, with a net profit of 3.12 million yuan, a year-on-year decrease of 27.66%[32]. Financial Management - Research and development expenses surged by 86.87% to CNY 124.49 million, primarily due to increased investments in related subsidiaries[44]. - Financial expenses rose by 31.05% to CNY 181.73 million, mainly due to the previous period's significant foreign exchange gains[44]. - The company reported a significant increase in short-term borrowings, which rose by 70.75% to CNY 7,760.83 million, influenced by market interest rate fluctuations[45]. - The investment income increased by 92.44% to CNY 117.01 million, driven by the disposal of available-for-sale financial assets[45]. - The cash flow from financing activities surged by 9,648.97% to CNY 866.91 million, primarily due to an expansion in financing scale[44]. - The company has a total bank credit line of CNY 14.4082 billion, with CNY 7.5673 billion utilized as of June 30, 2017[142]. - The company has consistently met its debt obligations, with a loan repayment rate and interest payment rate both at 100%[140][141]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company’s total shares amount to 2,149,344,971, with 98.64% being unrestricted shares[112]. - The company’s chairman, Chen Zhengli, increased his shareholding by 150,000 shares during the reporting period[112]. - The company’s total number of shareholders at the end of the reporting period was 192,592[118]. - The largest shareholder, Shenzhen Fuan Holdings Co., Ltd., holds 256,013,898 shares, accounting for 11.91% of total shares[119]. - The second largest shareholder, Shenzhen Baoan District Investment Management Co., Ltd., holds 119,787,377 shares, representing 5.57% of total shares[119]. - The total number of shares held by the top 10 unrestricted shareholders amounts to 419,000,000 shares[120]. Legal and Compliance - The semi-annual financial report has not been audited[80]. - There are no major litigation or arbitration matters during the reporting period[81]. - The company has not reported any overdue performance commitments during the period[79]. - The company has not issued any non-standard audit reports in the previous year[81]. - The company has provided guarantees for loans amounting to CNY 149.09 million for Shenzhen Petrochemical Industrial Group Co., Ltd. and related entities[82]. - The company has filed a lawsuit to recover the debts owed by the defendants, which are currently in bankruptcy proceedings[82]. - The company has a pending lawsuit against Hu Zhiqiang for a total of RMB 1,920.47 million related to a stock repurchase agreement[84]. Environmental and Social Responsibility - The wastewater treatment facilities at Shenzhen Betterray are operating normally, while the wastewater treatment station in Jixi is currently out of service[106]. - The total wastewater discharge from Shenzhen Betterray was reported at 60 tons per day, with a total annual discharge of 1.98 million tons[105]. - The company has implemented pollution prevention measures, with all emissions meeting the required standards[106]. - The company has not yet initiated targeted poverty alleviation efforts but plans to align its strategies with national poverty alleviation goals in the future[104]. Corporate Governance - The financial report was approved on August 29, 2017, by the company's 13th Board of Directors' 12th meeting[187]. - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[190]. - The company uses Renminbi as its functional currency for accounting purposes[193]. - The accounting year follows the calendar year, from January 1 to December 31[191]. - The company adheres to the equity method for accounting treatment in business combinations under common control[194]. - The company applies the purchase method for business combinations not under common control, measuring the acquired assets and liabilities at fair value[195].