TELLUS(000025)

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特 力A(000025) - 2025年半年度财务报告
2025-08-21 09:16
深圳市特力(集团)股份有限公司 2025 年半年度财务报告 深圳市特力(集团)股份有限公司 2025 年半年度财务报告 (未经审计) 2025 年 8 月 1 深圳市特力(集团)股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为:元 1、合并资产负债表 编制单位:深圳市特力(集团)股份有限公司 2025 年 06 月 30 日 单位:元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产: | | | | 货币资金 | 277,967,745.51 | 377,971,359.69 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 197,026,798.06 | 165,630,834.06 | | 衍生金融资产 | 108,160.00 | 292,078.00 | | 应收票据 | | | | 应收账款 | 96,524,408.17 | 46,564,067.14 | | 应收款项融资 | | | | 预付款项 | 1,4 ...
特 力A(000025) - 关于调整2025年购买理财产品额度的公告
2025-08-21 09:16
深圳市特力(集团)股份有限公司 关于调整 2025 年购买理财产品额度的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整,没有虚假记载、误导性陈述或重大遗漏。 深圳市特力(集团)股份有限公司(以下简称"公司")于 2025 年 8 月 20 日召开了十届董事会第十六次正式会议及十届监 事会第十六次会议,审议通过了《关于调整 2025 年购买理财产 品额度的议案》。 一、本次调整 2025 年购买理财产品额度的情况 为提高自有资金的使用效益,公司及子公司拟在确保正常生 产经营、本金安全、收益稳定和风险可控的前提下,调整闲置自 有资金购买货币基金、银行发行的理财产品等类型的理财投资余 额,任一时点的理财余额从人民币 8 亿元增加至 10 亿元,增加 理财额度 2 亿元。在实施期内,公司及子公司在额度及期限范围 内可循环滚动使用。有效期自董事会决议通过之日起 1 年内有效。 二、风险控制措施 证券代码: 000025、200025 股票简称:特力 A、特力 B 公告编号: 2025-030 三、对公司的影响 公司使用闲置自有资金委托理财是以确保正常生产经营和 风险可控为前提,不会对公司日常业务的开展 ...
特 力A(000025) - 半年报监事会决议公告
2025-08-21 09:15
证券代码: 000025、200025 股票简称:特力 A、特力 B 公告编号: 2025-028 深圳市特力(集团)股份有限公司 十届监事会第十六次会议决议公告 本公司及监事会全体成员保证公告内容真实、准确和完整, 没有虚假记载、误导性陈述或者重大遗漏。 深圳市特力(集团)股份有限公司(以下简称"公司")监 事会于 2025 年 8 月 8 日以邮件方式发出会议通知,于 2025 年 8 月 20 日以通讯方式召开了十届监事会第十六次会议。应到监事 4 名,实到监事 4 名,本次会议符合《公司法》和《公司章程》 的有关规定。经认真审议,通过了以下议案: 一、审议通过《2025 年半年度报告》 经审核,监事会认为:董事会编制公司《2025 年半年度报 告》的程序符合法律、行政法规及中国证监会的规定,报告内容 真实、准确、完整地反映了公司的实际情况,不存在任何虚假记 载、误导性陈述或者重大遗漏。 表决结果:赞成 4 票,反对 0 票,弃权 0 票。 《2025 年半年度报告摘要》同日刊登于《证券时报》和巨 潮资讯网(www.cninfo.com.cn)。《2025 年半年度报告》同日 刊登于巨潮资讯网(www. ...
特 力A(000025) - 半年报董事会决议公告
2025-08-21 09:15
证券代码: 000025、200025 股票简称:特力 A、特力 B 公告编号: 2025-027 深圳市特力(集团)股份有限公司 十届董事会第十六次正式会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整, 没有虚假记载、误导性陈述或者重大遗漏。 深圳市特力(集团)股份有限公司(以下简称"公司")董 事会在 2025 年 8 月 8 日以邮件方式发出召开十届董事会第十六 次正式会议的通知,会议于 2025 年 8 月 20 日以通讯方式召开。 本次会议召集和召开程序符合《公司法》《深圳证券交易所股票 上市规则》《公司章程》等有关规定。会议应到董事 8 名,实到 8 名,公司监事及部分高级管理人员列席了会议。会议审议通过 了以下议案: 一、审议通过《2025 年半年度报告》 公司《2025 年半年度报告》及《摘要》真实、准确、完整 地反映了公司 2025 年半年度的经营情况,公司全体董事、监事 和高级管理人员对公司 2025 年半年度报告作出了保证其内容真 实、准确、完整,不存在任何虚假记载、误导性陈述或者重大遗 漏的书面确认意见。 表决结果:赞成 8 票,反对 0 票,弃权 0 票。 — 1 — ...
特力A(000025) - 2025 Q2 - 季度财报
2025-08-21 09:15
[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's management guarantees the report's authenticity and accuracy, and plans no profit distribution for this period - The Board of Directors, Supervisory Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report and assume legal responsibility[4](index=4&type=chunk) - The company's person in charge Fu Chunlong, chief accountant Huang Tianyang, and head of the accounting department Huang Tianyang declare that the financial report in this semi-annual report is true, accurate, and complete[4](index=4&type=chunk) - The company **does not plan to distribute cash dividends**, issue bonus shares, or convert capital reserves into share capital[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section outlines the report's structure, covering nine main chapters on company profile, financials, and operations - The report contains nine main chapters, covering company profile, financial indicators, management discussion and analysis, corporate governance, important matters, shareholding changes, bond information, financial reports, and other submitted data[6](index=6&type=chunk) [Definitions](index=4&type=section&id=%E9%87%8A%E4%B9%89) This section provides definitions for key terms used in the report, including regulatory bodies and major related parties - This section defines key terms such as regulatory bodies (CSRC, Shenzhen Stock Exchange), corporate entities (Tellus Group, SFD Group, SZIHC), and the reporting period[11](index=11&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Shenzhen Tellus (Group) Co, Ltd is listed on the Shenzhen Stock Exchange with stock codes 000025 and 200025 Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Tellus A, Tellus B | | Stock Code | 000025, 200025 | | Listing Stock Exchange | Shenzhen Stock Exchange | | Chinese Name | 深圳市特力(集团)股份有限公司 | | Legal Representative | Fu Chunlong | [Contact Persons and Methods](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides contact details for the company's Board Secretary and Securities Affairs Representative Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Qi Peng | 3/F, Tellus Building, No 56 Shuibei 2nd Road, Luohu District, Shenzhen | (0755)83989390 | (0755)83989386 | ir@tellus.cn | | Securities Affairs Representative | Liu Menglei | 3/F, Tellus Building, No 56 Shuibei 2nd Road, Luohu District, Shenzhen | (0755)88394183 | (0755)83989386 | liuml@tellus.cn | [Other Information](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) The company's contact information and locations for information disclosure remained unchanged during the reporting period - The company's contact information, including registered address, office address, website, and email, remained unchanged during the reporting period[15](index=15&type=chunk) - The locations for information disclosure and document preparation remained unchanged during the reporting period[16](index=16&type=chunk) - There were no changes to other relevant information during the reporting period[17](index=17&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Operating revenue decreased while net profit attributable to shareholders increased, driven by a significant rise in operating cash flow Key Accounting Data and Financial Indicators (Current Period vs Prior Year Period) | Indicator | Current Period (RMB Yuan) | Prior Year Period (RMB Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 878,272,629.94 | 1,580,023,748.85 | -44.41% | | Net Profit Attributable to Shareholders | 84,013,429.35 | 76,662,479.69 | 9.59% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 76,473,401.54 | 70,454,786.31 | 8.54% | | Net Cash Flow from Operating Activities | 154,806,331.67 | 107,309,488.92 | 44.26% | | Basic Earnings Per Share (RMB Yuan/Share) | 0.1949 | 0.1778 | 9.62% | | Diluted Earnings Per Share (RMB Yuan/Share) | 0.1949 | 0.1778 | 9.62% | | Weighted Average Return on Equity | 4.77% | 4.66% | 0.11% | | **End of Current Period vs End of Prior Year** | | | | | Total Assets (RMB Yuan) | 2,725,442,964.28 | 2,594,459,237.89 | 5.05% | | Net Assets Attributable to Shareholders (RMB Yuan) | 1,767,792,226.91 | 1,726,884,629.56 | 2.37% | [Differences in Accounting Data under Domestic and Foreign Accounting Standards](index=7&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) There were no discrepancies in net profit or net assets between Chinese and international or foreign accounting standards - The company had no discrepancies in net profit and net assets between financial reports disclosed under IFRS and Chinese Accounting Standards during the reporting period[19](index=19&type=chunk) - The company had no discrepancies in net profit and net assets between financial reports disclosed under foreign accounting standards and Chinese Accounting Standards during the reporting period[20](index=20&type=chunk) [Non-recurring Profit and Loss Items and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Non-recurring profit and loss totaled RMB 7.54 million, mainly from government grants and fair value changes Non-recurring Profit and Loss Items and Amounts | Item | Amount (RMB Yuan) | | :--- | :--- | | Profit or Loss from Disposal of Non-current Assets | -6,079.20 | | Government Grants Recognized in Current Profit or Loss | 1,056,727.69 | | Fair Value Changes and Disposal Gains/Losses on Financial Assets and Liabilities Held by Non-financial Enterprises | 4,675,868.00 | | Other Non-operating Income and Expenses | 3,352,382.93 | | Less: Income Tax Impact | 2,218,656.63 | | Minority Interest Impact (After Tax) | -679,785.02 | | Total | 7,540,027.81 | - The company classifies effective hedging of gold futures (amounting to -RMB 14,224,744.55) as a recurring profit and loss item, as it is part of its normal risk-hedging business operations[23](index=23&type=chunk) - The company classifies the refund of withholding individual income tax handling fees (amounting to RMB 50,320.31) as a recurring profit and loss item, as it is other income related to daily activities and not of a special or occasional nature[23](index=23&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Principal Business Activities during the Reporting Period](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company's main businesses include jewelry trading, a gold segment, and physical platform operations - The company's main business includes a jewelry trading segment, a gold segment, and a physical platform segment[25](index=25&type=chunk) - The jewelry trading segment is developing the Shenzhen International Jewelry and Jade Comprehensive Trade Platform, aiming to become an influential integrated service provider in the industry[25](index=25&type=chunk) - The gold segment focuses on product innovation, building an omni-channel operation system that coordinates B2B and B2C development to create a differentiated brand[25](index=25&type=chunk) - The physical platform, with properties like Tellus Jewelry Building and Tellus Gold & Diamond Building, maintains high occupancy rates and is actively pursuing a commercial operation transformation[26](index=26&type=chunk) - Gold and its products are mainly produced through a commission processing model, while diamonds and colored gemstones do not involve processing[29](index=29&type=chunk) - As of June 30, 2025, the company's jewelry business inventory balance was **RMB 65,098,057.50**, with RMB 64,651,775.39 measured at fair value, primarily consisting of commodity futures contracts, T+D contract hedging instruments, and leased gold inventory[33](index=33&type=chunk) [Jewelry Business Operating Models](index=9&type=section&id=%E7%8F%A0%E5%AE%9D%E4%B8%9A%E5%8A%A1%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%A8%A1%E5%BC%8F%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The jewelry business operates through wholesale and retail sales, with production outsourced and diverse online sales channels Jewelry Business Sales Revenue Composition for H1 2025 | Sales Model | Operating Revenue (RMB 10,000) | Operating Cost (RMB 10,000) | Gross Margin | | :--- | :--- | :--- | :--- | | Wholesale | 31,952.93 | 30,747.71 | 3.77% | | Retail | 38,044.58 | 37,628.72 | 1.09% | | Other Services | 822.64 | 241.67 | 70.62% | | Total | 70,820.15 | 68,618.10 | 3.11% | - The company's gold and its products are primarily produced through a commission processing model, while diamonds and colored gemstones do not involve processing[29](index=29&type=chunk) Procurement Model Composition for H1 2025 | Procurement Model | Raw Material | Procurement Quantity (kg) | Procurement Amount (RMB 10,000) | | :--- | :--- | :--- | :--- | | Spot Trading | Gold | 912.94 | 60,047.08 | | Spot Trading | Silver | 15.50 | 10.29 | | Rental Business | Gold | 83.00 | 5,376.06 | | Total | | 1,011.43 | 65,433.43 | - The company sells through multiple online platforms including Taobao, Tmall, JD.com, Pinduoduo, Jingya, WeChat, Dewu, and Douyin[32](index=32&type=chunk) - As of June 30, 2025, the company's jewelry business inventory balance was **RMB 65,098,057.50**, with RMB 64,651,775.39 measured at fair value[33](index=33&type=chunk) [Core Competitiveness Analysis](index=11&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competitiveness stems from its prime location, state-owned background, and management advantages in digitalization and risk control - The company is located in Shuibei, the core hub of Shenzhen's jewelry industry, which accounts for over **75% of China's gold and jewelry market share**, providing a significant geographical advantage[35](index=35&type=chunk) - Leveraging its state-owned background, the company deeply integrates resources from the supply and demand sides of the jewelry industry, establishing partnerships with domestic and international suppliers and authoritative testing institutions to expand its industry influence[36](index=36&type=chunk) - The company's physical platforms (Tellus Jewelry Building, Tellus Gold & Diamond Building) generate stable business income and cash flow, with plans to continuously unlock commercial value through quality improvements and renovations[36](index=36&type=chunk) - The company is vigorously promoting the digitalization of its trading platform, enhancing online trading, data analysis, and smart supervision functions, while establishing strict internal control processes and risk warning capabilities[37](index=37&type=chunk) - The company implements an integrated "assessment-training-practice" program for mid-to-senior management, enhancing leadership and execution through a "precise diagnosis → systematic empowerment → practical application" model[37](index=37&type=chunk) [Main Business Analysis](index=12&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Operating revenue declined due to reduced gold business volume, though property leasing revenue grew and operating cash flow significantly increased YoY Changes in Key Financial Data | Indicator | Current Period (RMB Yuan) | Prior Year Period (RMB Yuan) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 878,272,629.94 | 1,580,023,748.85 | -44.41% | Decrease in gold business volume this year | | Operating Cost | 736,664,626.44 | 1,451,925,990.76 | -49.26% | Decreased with the reduction in gold business volume | | Selling Expenses | 6,551,375.74 | 10,655,583.07 | -38.52% | Decreased with the reduction in gold business volume | | Administrative Expenses | 25,702,432.63 | 23,758,940.40 | 8.18% | | | Finance Expenses | 2,287,888.06 | 3,685,893.43 | -37.93% | Mainly due to reduced interest expenses on gold business financing | | Income Tax Expense | 25,372,160.83 | 19,663,631.30 | 29.03% | Mainly due to an increase in total profit compared to the same period last year | | R&D Investment | 2,045,320.23 | 1,353,032.80 | 51.17% | Mainly due to increased R&D investment in subsidiary's IT development | | Net Cash Flow from Operating Activities | 154,806,331.67 | 107,309,488.92 | 44.26% | Mainly due to reduced inventory stocking for the gold business | | Net Cash Flow from Investing Activities | -233,644,957.72 | -136,462,605.64 | -71.22% | Mainly due to fewer redemptions of matured wealth management products compared to the same period last year | | Net Cash Flow from Financing Activities | -13,048,507.32 | 24,828,865.44 | -152.55% | Mainly due to increased dividend distribution in the current period | | Net Increase in Cash and Cash Equivalents | -91,887,133.37 | -4,323,672.93 | -2,025.21% | Primarily due to increased dividend distribution and fewer redemptions of matured wealth management products | Operating Revenue Composition (by Industry) | Industry | Current Period Amount (RMB Yuan) | % of Operating Revenue | Prior Year Period Amount (RMB Yuan) | % of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Jewelry Wholesale and Retail | 708,201,538.25 | 80.64% | 1,441,734,815.25 | 91.25% | -50.88% | | Property Leasing and Services | 170,071,091.69 | 19.36% | 138,078,049.35 | 8.74% | 23.17% | | Others | 0.00 | 0.00% | 210,884.25 | 0.01% | -100.00% | Operating Revenue Composition (by Region) | Region | Current Period Amount (RMB Yuan) | % of Operating Revenue | Prior Year Period Amount (RMB Yuan) | % of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | South China | 577,029,206.44 | 65.70% | 1,017,725,204.81 | 64.41% | -43.30% | | East China | 105,033,882.43 | 11.96% | 89,258,835.53 | 5.65% | 17.67% | | North China | 48,267,352.47 | 5.50% | 426,593,372.53 | 27.00% | -88.69% | | Central China | 134,032,831.63 | 15.26% | 37,329,652.67 | 2.36% | 259.05% | | Other Regions | 13,909,356.97 | 1.58% | 9,116,683.31 | 0.58% | 52.57% | [Non-core Business Analysis](index=13&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Non-core business activities include investment income, fair value changes, and non-operating income and expenses Impact of Non-core Business on Total Profit | Item | Amount (RMB Yuan) | % of Total Profit | Reason | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 6,028,215.73 | 5.63% | Income from wealth management products and equity-method investments in associates | No | | Fair Value Change Gains/Losses | -2,801,386.05 | -2.62% | Fair value changes of unmatured wealth management products, gold leasing, and hedging instruments | No | | Non-operating Income | 3,456,068.88 | 3.23% | Fees for contract changes and penalties for early lease termination from tenants | No | | Non-operating Expenses | 103,685.95 | 0.10% | Payment of penalties | No | [Analysis of Assets and Liabilities](index=14&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Total assets and net assets attributable to shareholders grew, with notable shifts in asset composition and a significant increase in trading financial liabilities Significant Changes in Asset Composition | Item | End of Current Period (RMB Yuan) | % of Total Assets | End of Prior Year (RMB Yuan) | % of Total Assets | Change in Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 277,967,745.51 | 10.20% | 377,971,359.69 | 14.57% | -4.37% | | Accounts Receivable | 96,524,408.17 | 3.54% | 46,564,067.14 | 1.79% | 1.75% | | Inventory | 65,098,057.50 | 2.39% | 127,432,191.55 | 4.91% | -2.52% | | Investment Property | 1,080,852,577.15 | 39.66% | 1,099,772,133.10 | 42.39% | -2.73% | | Long-term Equity Investments | 97,002,094.11 | 3.56% | 85,091,833.20 | 3.28% | 0.28% | | Short-term Borrowings | 142,951,444.41 | 5.25% | 120,101,444.43 | 4.63% | 0.62% | | Trading Financial Liabilities | 63,472,251.57 | 2.33% | 0.00 | 0.00% | 2.33% | | Derivative Financial Liabilities | 0.00 | 0.00% | 46,660.00 | 0.00% | -0.00% | Restricted Assets as of the End of the Reporting Period | Item | Book Value at June 30, 2025 (RMB Yuan) | | :--- | :--- | | Gold Leasing Deposits and Interest | 30,350,972.23 | | Futures and Options Account Deposits | 1,080,805.01 | | Judicially Controlled Amounts | 1,066,174.00 | | Notes Payable Deposits and Interest | 36,080,959.01 | | Total | 68,578,910.25 | [Investment Status Analysis](index=15&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Total investment significantly decreased year-over-year, with no major equity investments but derivative investments for hedging purposes Investment Amount Changes during the Reporting Period | Investment Amount in Reporting Period (RMB Yuan) | Investment Amount in Prior Year Period (RMB Yuan) | Change | | :--- | :--- | :--- | | 1,834,078.65 | 13,519,694.27 | -86.43% | - The company had no securities investments during the reporting period[53](index=53&type=chunk) - The company holds derivative investments, primarily gold futures, for hedging purposes, with a hedging effectiveness of **85%**, which is considered highly effective[55](index=55&type=chunk) - The company had no derivative investments for speculative purposes during the reporting period[56](index=56&type=chunk) - The company had no use of raised funds during the reporting period[57](index=57&type=chunk) [Sale of Major Assets and Equity](index=17&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) No major assets or equity were sold during the reporting period - The company did not sell any major assets during the reporting period[59](index=59&type=chunk) - The company did not sell any major equity during the reporting period[60](index=60&type=chunk) [Analysis of Major Subsidiaries and Investees](index=17&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) This section presents financial information for major subsidiaries and investees, highlighting significant profit contributions from property leasing entities Major Subsidiaries and Investees with >10% Impact on Net Profit | Company Name | Type | Main Business | Registered Capital | Total Assets (RMB Yuan) | Net Assets (RMB Yuan) | Operating Revenue (RMB Yuan) | Operating Profit (RMB Yuan) | Net Profit (RMB Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shenzhen Jewelry Industry Service Co, Ltd | Subsidiary | Jewelry exhibition planning, consignment, conference services, transaction matchmaking | 100,000,000 | 61,941,420.30 | 35,323,933.52 | 1,798,206.72 | 1,333,272.60 | 1,333,329.80 | | Guorun Gold (Shenzhen) Co, Ltd | Subsidiary | Sales of investment gold bars and jewelry, gold recycling, gold refining/exchange services | 200,000,000 | 463,434,951.36 | 191,552,858.08 | 703,347,727.65 | 6,586,309.88 | 6,510,402.29 | | Shenzhen Tellus Baoku Supply Chain Technology Co, Ltd | Subsidiary | Purchase, sale, and leasing of gold jewelry and precious metal products, warehousing services | 50,000,000 | 99,312,662.05 | 49,068,552.27 | 3,055,603.88 | 1,817,694.72 | 1,817,694.83 | | Shenzhen Zhongtian Industrial Co, Ltd | Subsidiary | Property leasing, safe deposit box leasing | 366,221,900 | 578,144,877.23 | 482,839,732.34 | 76,360,175.62 | 57,008,660.06 | 43,921,879.47 | | Shenzhen Tellus Shuibei Jewelry Co, Ltd | Subsidiary | Property leasing | 18,960,000 | 196,666,159.76 | 165,699,240.43 | 21,731,531.63 | 24,054,726.13 | 19,722,076.19 | | Shenzhen Tellus Gmond Investment Co, Ltd | Associate | Industrial investment, property management, leasing | 53,704,960 | 359,657,182.75 | 136,860,074.26 | 66,419,256.82 | 32,688,421.60 | 24,428,065.74 | - The company did not acquire or dispose of any subsidiaries during the reporting period[62](index=62&type=chunk) [Structured Entities Controlled by the Company](index=18&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company did not control any structured entities during the reporting period - The company did not control any structured entities during the reporting period[62](index=62&type=chunk) [Risks and Countermeasures](index=18&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces risks from market price volatility and talent shortages, which it addresses through risk management and human resource development - Risk 1: Market price volatility risk, mainly affected by price changes of raw materials such as gold and jewelry[63](index=63&type=chunk) - Countermeasure: Strengthen risk management, advance strategic transformation, empower with digital technology, innovate business models, and explore incremental markets[63](index=63&type=chunk) - Risk 2: Risk of inadequate talent pool, as existing professional staff cannot meet the company's rapid development needs[64](index=64&type=chunk) - Countermeasure: Accelerate internal professional training, recruit experienced personnel from the jewelry industry, and organize training and examinations for AI courses and auctioneers to upgrade employee professional capabilities[64](index=64&type=chunk) [Market Value Management System and Valuation Enhancement Plan](index=18&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not formulated a market value management system or disclosed a valuation enhancement plan - The company has not formulated a market value management system[65](index=65&type=chunk) - The company has not disclosed a valuation enhancement plan[65](index=65&type=chunk) [Implementation of the "Dual Improvement in Quality and Returns" Action Plan](index=18&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%22%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%22%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not disclosed an announcement regarding the "Dual Improvement in Quality and Returns" action plan - The company has not disclosed an announcement regarding the "Dual Improvement in Quality and Returns" action plan[65](index=65&type=chunk) [Corporate Governance, Environment, and Society](index=19&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) [Changes in Directors, Supervisors, and Senior Management](index=19&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Several changes occurred in the company's board and senior management, including retirements and new appointments Changes in Directors, Supervisors, and Senior Management | Name | Position | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Guo Xiaodong | Chairman of the Supervisory Committee | Resigned | Jan 01, 2025 | Retirement | | Yang Xi | General Manager | Appointed | Apr 24, 2025 | Work transfer | | Zhang Zheng | Deputy General Manager | Appointed | Apr 24, 2025 | Work transfer | | Yang Hong | Employee Supervisor | Elected | Apr 21, 2025 | Work transfer | [Profit Distribution and Capitalization of Capital Reserve for the Reporting Period](index=19&type=section&id=%E4%BA%8C%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company does not plan to distribute cash dividends, issue bonus shares, or capitalize capital reserves for the semi-annual period - The company plans **not to distribute cash dividends**, issue bonus shares, or convert capital reserves into share capital for the semi-annual period[68](index=68&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=19&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period[69](index=69&type=chunk) [Environmental Information Disclosure](index=19&type=section&id=%E5%9B%9B%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) The company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information - The listed company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law[70](index=70&type=chunk) [Social Responsibility](index=19&type=section&id=%E4%BA%94%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company actively fulfills its social responsibilities through poverty alleviation procurement and volunteer activities - The company purchased **RMB 62,890** worth of poverty alleviation products to support the consolidation of poverty alleviation achievements and promote rural industrial development[70](index=70&type=chunk) - The company continues to carry out volunteer service and public welfare activities, demonstrating its corporate responsibility through practical actions[70](index=70&type=chunk) [Important Matters](index=20&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Commitments Fulfilled or Overdue by Relevant Parties](index=20&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) All commitments from the actual controller, controlling shareholder, and the company itself were being fulfilled without any overdue issues - Shenzhen Investment Holdings Co, Ltd has committed to maintaining the listed company's independence, avoiding horizontal competition, and reducing and standardizing related-party transactions, with all commitments being fulfilled[72](index=72&type=chunk) - Shenzhen Special Economic Zone Development Group Co, Ltd has committed to avoiding horizontal competition, and the commitment is being fulfilled[73](index=73&type=chunk) - Shenzhen Tellus (Group) Co, Ltd has committed that for the next three years (2023-2025), profits will first be used to cover losses and then to implement an active profit distribution policy, provided that operational and development needs are met; the commitment is being fulfilled[73](index=73&type=chunk) - All commitments were fulfilled on time, with no overdue unfulfilled commitments[73](index=73&type=chunk) [Non-operating Fund Occupation by Controlling Shareholder and Other Related Parties](index=21&type=section&id=%E4%BA%8C%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%A5%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) There was no non-operating fund occupation by the controlling shareholder or other related parties during the reporting period - The company had no non-operating fund occupation by its controlling shareholder and other related parties during the reporting period[74](index=74&type=chunk) [Irregular External Guarantees](index=21&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[75](index=75&type=chunk) [Appointment and Dismissal of Accounting Firm](index=21&type=section&id=%E5%9B%9B%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's semi-annual financial report has not been audited - The company's semi-annual report has not been audited[76](index=76&type=chunk) [Explanation from the Board of Directors and Supervisory Committee on the "Non-standard Audit Report"](index=21&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9A%84%E8%AF%B4%E6%98%8E) This section is not applicable as there was no non-standard audit report for the period - The company did not have a non-standard audit report during the reporting period[77](index=77&type=chunk) [Explanation from the Board of Directors on the "Non-standard Audit Report" of the Previous Year](index=22&type=section&id=%E5%85%AD%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) This section is not applicable as there was no non-standard audit report for the period - The company did not have a non-standard audit report during the reporting period[78](index=78&type=chunk) [Bankruptcy and Reorganization Matters](index=22&type=section&id=%E4%B8%83%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) No bankruptcy or reorganization matters occurred during the reporting period - No bankruptcy or reorganization matters occurred during the reporting period[78](index=78&type=chunk) [Litigation Matters](index=22&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) The company is involved in several major litigation and arbitration cases, with some concluded and others under appeal Major Litigation and Arbitration Matters | Litigation (Arbitration) Basic Information | Amount Involved (RMB 10,000) | Whether Provision is Formed | Litigation (Arbitration) Progress | Trial Results and Impact | Judgment Execution Status | | :--- | :--- | :--- | :--- | :--- | :--- | | Land Lease Contract Dispute (Tellus Shuibei Jewelry Co as plaintiff) | 1,403.76 | No | Case closed | The second-instance judgment partially supported the company's claims | Fully executed, with RMB 7.294 million recovered | | Construction Contract Dispute (Zhongtian Industrial Co as defendant and counterclaimant) | 670.44 | No | In progress | The first-instance judgment partially supported the plaintiff's claims; the case is currently in the second-instance appeal period, with no judgment yet | None | | Unjust Enrichment Dispute (Tellus Group as plaintiff) | 175.94 | No | Retrial application filed | The second-instance judgment upheld the first-instance verdict | None | - The company has no other litigation matters to report for the period[79](index=79&type=chunk) [Penalties and Rectifications](index=22&type=section&id=%E4%B9%9D%E3%80%81%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) No penalties or rectifications occurred during the reporting period - No penalties or rectifications occurred during the reporting period[80](index=80&type=chunk) [Integrity of the Company, its Controlling Shareholder, and Actual Controller](index=22&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) There were no integrity issues concerning the company, its controlling shareholder, or actual controller during the reporting period - There were no integrity issues concerning the company, its controlling shareholder, or actual controller during the reporting period[81](index=81&type=chunk) [Significant Related-Party Transactions](index=22&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company engaged in routine related-party transactions for services like property leasing and management, totaling RMB 0.27 million Related-Party Transactions in the Ordinary Course of Business | Related Party | Relationship | Transaction Type | Transaction Content | Pricing Principle | Transaction Amount (RMB 10,000) | % of Similar Transactions | Approved Limit (RMB 10,000) | Exceeded Limit | Settlement Method | Market Price (RMB 10,000) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shenzhen Tefa Property Management Co, Ltd | Subsidiary of controlling shareholder | Providing services | Property leasing | Market price or agreement | 23.18 | 0.09% | 35 | No | Per agreement | 23.18 | | Shenzhen Tefa Service Co, Ltd | Subsidiary of controlling shareholder | Receiving services | Property management services | Market price or agreement | 1.89 | 1.89% | 1050 | No | Per agreement | 1.89 | | Guoren Property & Casualty Insurance Co, Ltd | Subsidiary of indirect controlling shareholder's parent | Receiving services | Related insurance services | Market price or agreement | 2.17 | 62.56% | 100 | No | Per agreement | 2.17 | | Total | | | | -- | 27.24 | -- | 2745 | -- | -- | -- | - The company had no related-party transactions involving the acquisition or sale of assets or equity during the reporting period[84](index=84&type=chunk) - The company had no related-party transactions involving joint external investments during the reporting period[85](index=85&type=chunk) - The company had no non-operating related-party credit or debt transactions during the reporting period[86](index=86&type=chunk) - The company has no deposits, loans, credit lines, or other financial business with related financial companies[87](index=87&type=chunk) - The company had no other significant related-party transactions during the reporting period[89](index=89&type=chunk) [Significant Contracts and Their Performance](index=25&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company had no custody, contracting, or leasing arrangements, but maintained an approved external guarantee limit and held entrusted wealth management products - The company had no custody arrangements during the reporting period[90](index=90&type=chunk) - The company had no contracting arrangements during the reporting period[91](index=91&type=chunk) - The company had no leasing arrangements during the reporting period[92](index=92&type=chunk) External Guarantees by the Company and its Subsidiaries | Guaranteed Party Name | Guarantee Limit Disclosure Date | Guarantee Limit (RMB 10,000) | Actual Guarantee Amount (RMB 10,000) | Guarantee Type | Fulfilled | Related-Party Guarantee | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shenzhen Zung Fu Tellus Motor Co, Ltd | Sep 30, 2014 | 3,500 | 0 | Pledge | Yes | Yes | | Total approved external guarantee limit during the reporting period (A1) | | 0 | | | | | | Total actual external guarantees provided during the reporting period (A2) | | 0 | | | | | | Total approved external guarantee limit at the end of the reporting period (A3) | | 3,500 | | | | | | Total outstanding external guarantee balance at the end of the reporting period (A4) | | 0 | | | | | Entrusted Wealth Management | Type | Source of Funds | Amount Incurred (RMB 10,000) | Outstanding Balance (RMB 10,000) | Overdue Unrecovered Amount (RMB 10,000) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own funds | 57,000 | 44,000 | 0 | - The company had no other significant contracts during the reporting period[96](index=96&type=chunk) [Other Significant Matters](index=26&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) There were no other significant matters to be explained during the reporting period - There were no other significant matters to be explained during the reporting period[97](index=97&type=chunk) [Significant Matters of Subsidiaries](index=26&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) There were no significant matters concerning the company's subsidiaries during the reporting period - There were no significant matters concerning the company's subsidiaries during the reporting period[98](index=98&type=chunk) [Share Capital Changes and Shareholder Information](index=27&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) [Share Capital Changes](index=27&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's total number of shares remained unchanged at 431,058,320, all of which are unrestricted shares Share Capital Changes | Item | Before Change (Shares) | Before Change (%) | Change (+, -) (Shares) | After Change (Shares) | After Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Shares with Selling Restrictions | 0 | 0.00% | 0 | 0 | 0.00% | | II. Shares without Selling Restrictions | 431,058,320 | 100.00% | 0 | 431,058,320 | 100.00% | | 1. RMB-denominated ordinary shares | 392,778,320 | 91.12% | 0 | 392,778,320 | 91.12% | | 2. Domestically listed foreign shares | 38,280,000 | 8.88% | 0 | 38,280,000 | 8.88% | | III. Total Shares | 431,058,320 | 100.00% | 0 | 431,058,320 | 100.00% | - The reasons for share changes, approvals, transfers, and share repurchase progress are not applicable for the reporting period[101](index=101&type=chunk) - Changes in restricted shares are not applicable[102](index=102&type=chunk) [Securities Issuance and Listing](index=28&type=section&id=%E4%BA%8C%E3%80%81%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) There were no securities issued or listed during the reporting period - There were no securities issued or listed during the reporting period[102](index=102&type=chunk) [Number of Shareholders and Shareholding Information](index=28&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) The company had 50,855 ordinary shareholders, with the controlling shareholder holding a 49.09% stake - The total number of ordinary shareholders at the end of the reporting period was **50,855**[103](index=103&type=chunk) Shareholding of Shareholders with over 5% or Top 10 Shareholders | Shareholder Name | Shareholder Type | Shareholding Ratio | Shares Held at Period End (Shares) | Change during Period (Shares) | Unrestricted Shares Held (Shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Shenzhen Special Economic Zone Development Group Co, Ltd | State-owned legal person | 49.09% | 211,591,621 | 0 | 211,591,621 | | Shenzhen Yuanzhi Fuhai Jewelry Industry Investment Enterprise (Limited Partnership) | Domestic non-state-owned legal person | 3.96% | 17,052,853 | -4,866,300 | 17,052,853 | | Li Xiaoming | Domestic natural person | 0.75% | 3,229,100 | 159,600 | 3,229,100 | | ICBC - Southern CSI All Share Real Estate ETF | Other | 0.58% | 2,507,975 | 975,500 | 2,507,975 | | CMB - Southern CSI 1000 ETF | Other | 0.42% | 1,796,570 | 169,500 | 1,796,570 | | GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED | Foreign legal person | 0.39% | 1,691,956 | -91,535 | 1,691,956 | | HKSCC NOMINEES LIMITED | Foreign legal person | 0.39% | 1,690,055 | -887,184 | 1,690,055 | | Li Daoqing | Domestic natural person | 0.30% | 1,283,900 | 661,800 | 1,283,900 | | ABC - E Fund CSI SH-SZ-HK Gold Industry ETF | Other | 0.29% | 1,241,875 | 873,500 | 1,241,875 | | Ma Yongcheng | Domestic natural person | 0.26% | 1,139,280 | 100 | 1,139,280 | - Among the top ten shareholders, Shenzhen Special Economic Zone Development Group Co, Ltd has no related-party relationship with other shareholders and is not a party acting in concert as defined in the "Measures for the Administration of the Takeover of Listed Companies"[103](index=103&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=29&type=section&id=%E5%9B%9B%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) There were no changes in the shareholdings of directors, supervisors, and senior management during the reporting period - There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period[105](index=105&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=29&type=section&id=%E4%BA%94%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) There were no changes in the company's controlling shareholder or actual controller during the reporting period - The company's controlling shareholder did not change during the reporting period[106](index=106&type=chunk) - The company's actual controller did not change during the reporting period[106](index=106&type=chunk) [Preferred Shares Information](index=29&type=section&id=%E5%85%AD%E3%80%81%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[107](index=107&type=chunk) [Bond-related Matters](index=30&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) [Bond-related Matters](index=30&type=section&id=%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related matters during the reporting period - The company had no bond-related matters during the reporting period[109](index=109&type=chunk) [Financial Report](index=31&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) [Audit Report](index=31&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's semi-annual financial report has not been audited - The company's semi-annual financial report has not been audited[111](index=111&type=chunk) [Financial Statements](index=31&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated and parent company financial statements for the first half of 2025 - This section includes the Consolidated Balance Sheet, Parent Company Balance Sheet, Consolidated Income Statement, Parent Company Income Statement, Consolidated Cash Flow Statement, Parent Company Cash Flow Statement, Consolidated Statement of Changes in Equity, and Parent Company Statement of Changes in Equity[112](index=112&type=chunk)[116](index=116&type=chunk)[120](index=120&type=chunk)[124](index=124&type=chunk)[127](index=127&type=chunk)[129](index=129&type=chunk)[132](index=132&type=chunk)[139](index=139&type=chunk) [Consolidated Balance Sheet](index=31&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, the company's consolidated total assets were RMB 2.73 billion, with total liabilities of RMB 0.79 billion Key Data from Consolidated Balance Sheet (Period-end Balance) | Item | Period-end Balance (RMB Yuan) | | :--- | :--- | | Total Assets | 2,725,442,964.28 | | Total Current Assets | 881,906,817.03 | | Total Non-current Assets | 1,843,536,147.25 | | Total Liabilities | 789,192,165.61 | | Total Equity | 1,936,250,798.67 | | Total Equity Attributable to Parent Company | 1,767,792,226.91 | | Minority Interest | 168,458,571.76 | [Parent Company Balance Sheet](index=33&type=section&id=2%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, the parent company's total assets were RMB 1.89 billion, with total liabilities of RMB 0.31 billion Key Data from Parent Company Balance Sheet (Period-end Balance) | Item | Period-end Balance (RMB Yuan) | | :--- | :--- | | Total Assets | 1,889,891,035.49 | | Total Current Assets | 166,386,503.08 | | Total Non-current Assets | 1,723,504,532.41 | | Total Liabilities | 314,441,861.21 | | Total Equity | 1,575,449,174.28 | [Consolidated Income Statement](index=35&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first half of 2025, the company's consolidated total operating revenue was RMB 878.27 million, with a net profit of RMB 81.63 million Key Data from Consolidated Income Statement (Current Period) | Item | H1 2025 (RMB Yuan) | | :--- | :--- | | Total Operating Revenue | 878,272,629.94 | | Total Operating Costs | 778,520,084.04 | | Operating Profit | 103,650,436.84 | | Total Profit | 107,002,819.77 | | Net Profit | 81,630,658.94 | | Net Profit Attributable to Parent Company Shareholders | 84,013,429.35 | | Minority Interest Loss | -2,382,770.41 | | Total Comprehensive Income | 81,630,658.94 | | Basic Earnings Per Share | 0.1949 | | Diluted Earnings Per Share | 0.1949 | [Parent Company Income Statement](index=37&type=section&id=4%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first half of 2025, the parent company's operating revenue was RMB 58.62 million, with a net profit of RMB 96.74 million Key Data from Parent Company Income Statement (Current Period) | Item | H1 2025 (RMB Yuan) | | :--- | :--- | | Operating Revenue | 58,621,053.92 | | Operating Profit | 101,573,282.68 | | Total Profit | 102,588,186.11 | | Net Profit | 96,737,427.57 | | Total Comprehensive Income | 96,737,427.57 | [Consolidated Cash Flow Statement](index=39&type=section&id=5%E3%80%81%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the first half of 2025, net cash flow from operating activities was RMB 154.81 million, while net cash flow from investing activities was -RMB 233.64 million Key Data from Consolidated Cash Flow Statement (Current Period) | Item | H1 2025 (RMB Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 154,806,331.67 | | Net Cash Flow from Investing Activities | -233,644,957.72 | | Net Cash Flow from Financing Activities | -13,048,507.32 | | Net Increase in Cash and Cash Equivalents | -91,887,133.37 | | Period-end Balance of Cash and Cash Equivalents | 209,388,835.26 | [Parent Company Cash Flow Statement](index=40&type=section&id=6%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the first half of 2025, the parent company's net cash flow from operating activities was RMB 7.90 million, with a net decrease in cash of RMB 16.23 million Key Data from Parent Company Cash Flow Statement (Current Period) | Item | H1 2025 (RMB Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 7,903,286.92 | | Net Cash Flow from Investing Activities | 18,964,942.26 | | Net Cash Flow from Financing Activities | -43,097,999.33 | | Net Increase in Cash and Cash Equivalents | -16,229,770.15 | | Period-end Balance of Cash and Cash Equivalents | 8,952,294.62 | [Consolidated Statement of Changes in Equity](index=41&type=section&id=7%E3%80%81%E5%90%88%E5%B9%B6%E6%89%80%E6%9C%89%E8%80%85%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) Consolidated total equity increased by RMB 38.52 million, driven by net profit and offset by dividend distributions - Total comprehensive income attributable to parent company owners for the period was **RMB 84,013,429.35**[134](index=134&type=chunk) - Distributions to owners (or shareholders) for the period amounted to **RMB 43,105,832.00**[134](index=134&type=chunk) - The period-end balance of total equity attributable to parent company owners was **RMB 1,767,792,226.91**[135](index=135&type=chunk) [Parent Company Statement of Changes in Equity](index=45&type=section&id=8%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E6%89%80%E6%9C%89%E8%80%85%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) Parent company total equity increased by RMB 53.63 million, reflecting net profit gains less dividend payments - The parent company's total comprehensive income for the period was **RMB 96,737,427.57**[141](index=141&type=chunk) - The parent company's distributions to owners (or shareholders) for the period amounted to **RMB 43,105,832.00**[141](index=141&type=chunk) - The period-end balance of the parent company's total equity was **RMB 1,575,449,174.28**[142](index=142&type=chunk) [Company Basic Information](index=48&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Shenzhen Tellus (Group) Co, Ltd, established in 1986, operates in property leasing and gold and jewelry businesses - Shenzhen Tellus (Group) Co, Ltd was established on November 10, 1986, and was listed on the Shenzhen Stock Exchange on June 21, 1993[145](index=145&type=chunk)[146](index=146&type=chunk) - The company's registered capital is **RMB 431,058,320.00**, with a total of 431,058,320 shares[146](index=146&type=chunk)[149](index=149&type=chunk) - The company's main operating activities are property leasing and services, and gold and jewelry operations[150](index=150&type=chunk) - These financial statements and notes were approved by the 16th formal meeting of the 10th Board of Directors on August 20, 2025[151](index=151&type=chunk) [Basis of Preparation for Financial Statements](index=49&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The financial statements are prepared in accordance with China's Accounting Standards for Business Enterprises and on a going concern basis - These financial statements are prepared in accordance with the Accounting Standards for Business Enterprises and their application guides, interpretations, and other relevant regulations issued by the Ministry of Finance[152](index=152&type=chunk) - These financial statements are presented on a going concern basis[153](index=153&type=chunk) [Significant Accounting Policies and Estimates](index=50&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section details the key accounting policies and estimates used in preparing the financial statements - These financial statements comply with the requirements of the Accounting Standards for Business Enterprises, and truly and completely reflect the company's financial position, operating results, and cash flows[155](index=155&type=chunk) - The company's accounting period is the calendar year, its operating cycle is 6 months, and its functional currency is the Renminbi[156](index=156&type=chunk)[157](index=157&type=chunk)[158](index=158&type=chunk) - The company classifies financial assets into three categories based on the business model for managing them and their contractual cash flow characteristics: measured at amortized cost, measured at fair value through other comprehensive income, and measured at fair value through profit or loss[184](index=184&type=chunk) - The company uses an expected credit loss model for impairment accounting and recognizes loss provisions for items such as notes receivable, accounts receivable, and other receivables[200](index=200&type=chunk) - The company recognizes revenue when performance obligations in a contract are satisfied, i.e, when the customer obtains control of the related goods or services, primarily from property leasing and services, and gold and jewelry sales and services[269](index=269&type=chunk)[278](index=278&type=chunk) - The company continuously evaluates significant accounting estimates and key assumptions, such as financial asset classification, expected credit loss measurement for accounts receivable, deferred tax assets, and the fair value of unlisted equity investments, based on historical experience and reasonable expectations of future events[301](index=301&type=chunk)[303](index=303&type=chunk)[304](index=304&type=chunk)[305](index=305&type=chunk) [Taxation](index=75&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) This section lists the company's main taxes and tax rates, noting that some subsidiaries benefit from preferential tax policies Main Taxes and Tax Rates | Tax Type | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | Taxable value-added amount | 13%, 9%, 5%, 6%, 3% | | Urban Maintenance and Construction Tax | Actual turnover tax paid | 7% | | Corporate Income Tax | Taxable income | 25%, 20% | | Property Tax | 1.2% of the residual value after a 30% deduction from the original property value (ad valorem); 12% of rental income (rental basis) | 1.2%, 12% | | Education Surcharge | Actual turnover tax paid | 3% | | Local Education Surcharge | Actual turnover tax paid | 2% | - Some of the company's subsidiaries enjoy preferential tax policies for small and micro enterprises, with their taxable income reduced by 25% and taxed at a rate of 20%, a policy extended until December 31, 2027[308](index=308&type=chunk) - Subsidiary Shanghai Fanyue Diamond Co, Ltd enjoys VAT exemption and an immediate refund policy on imported finished diamonds through the Shanghai Diamond Exchange[309](index=309&type=chunk)[310](index=310&type=chunk) - Subsidiary Shenzhen Huarui Automobile Sales and Service Co, Ltd is exempt from the education surcharge and local education surcharge as its monthly sales or turnover does not exceed RMB 100,000[311](index=311&type=chunk) [Notes to the Consolidated Financial Statements](index=76&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes on various items in the consolidated financial statements, including assets, liabilities, equity, income, and expenses - **Cash and cash equivalents** at the end of the period amounted to **RMB 277,967,745.51**, with restricted cash totaling RMB 68,578,910.25[313](index=313&type=chunk)[314](index=314&type=chunk) - **Trading financial assets** at the end of the period were **RMB 197,026,798.06**, mainly consisting of structured deposits and wealth management products[316](index=316&type=chunk) - The book value of **accounts receivable** at the end of the period was **RMB 96,524,408.17**, with individually assessed bad debt provisions of RMB 48,296,682.08[322](index=322&type=chunk) - The book value of **inventory** at the end of the period was **RMB 65,098,057.50**, including hedged items valued at RMB 37,863,854.83[365](index=365&type=chunk) - The book value of **investment property** at the end of the period was **RMB 1,080,852,577.15**, measured using the cost model[385](index=385&type=chunk)[386](index=386&type=chunk) - **Operating revenue** for the period was **RMB 878,272,629.94**, and operating cost was RMB 736,664,626.44, primarily from jewelry sales and services, and leasing and services[478](index=478&type=chunk)[479](index=479&type=chunk) - **Investment income** for the period was **RMB 6,028,215.73**, mainly from long-term equity investments accounted for using the equity method and gains from trading financial assets[495](index=495&type=chunk) [R&D Expenditures](index=111&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) Total R&D expenditure for the period was RMB 2.05 million, all of which was expensed R&D Expenditure Composition | Item | Current Period (RMB Yuan) | Prior Period (RMB Yuan) | | :--- | :--- | :--- | | Personnel Costs | 1,854,234.24 | 1,203,314.39 | | Depreciation | 43,652.36 | 24,087.95 | | Other Expenses | 147,433.63 | 125,630.46 | | Total | 2,045,320.23 | 1,353,032.80 | | Of which: Expensed R&D | 2,045,320.23 | 1,353,032.80 | [Interests in Other Entities](index=111&type=section&id=%E4%B9%9D%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) This section discloses the company's interests in its subsidiaries, joint ventures, and associates - The company has 15 subsidiaries, mostly engaged in commercial activities[529](index=529&type=chunk)[530](index=530&type=chunk) - The company effectively holds **51% of the voting rights** in Guorun Gold (Shenzhen) Co, Ltd through a concert party agreement with Shenzhen High-tech Investment Group Co, Ltd, thereby controlling the company[530](index=530&type=chunk) Significant Non-wholly Owned Subsidiaries | Subsidiary Name | Minority Interest Ratio | Profit/Loss Attributable to Minority Shareholders (RMB Yuan) | Dividends Declared to Minority Shareholders (RMB Yuan) | Period-end Minority Interest Balance (RMB Yuan) | | :--- | :--- | :--- | :--- | :--- | | Guorun Gold (Shenzhen) Co, Ltd | 60.75% | -3,955,069.39 | 0 | 116,863,519.44 | - The significant joint venture is Shenzhen Tellus Gmond Investment Co, Ltd, and the significant associate is Shenzhen Zung Fu Tellus Motor Co, Ltd, both accounted for using the equity method[536](index=536&type=chunk) - Shenzhen Tellus Gmond Investment Co, Ltd reported a net profit of **RMB 24,428,065.74** for the period, while Shenzhen Zung Fu Tellus Motor Co, Ltd reported a net loss of **RMB -1,793,997.89**[539](index=539&type=chunk)[541](index=541&type=chunk) [Government Grants](index=115&type=section&id=%E5%8D%81%E3%80%81%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) The company's government grants are primarily recorded as deferred income, with a total of RMB 1.11 million recognized in current profit and loss - The company had no government grants recognized based on receivable amounts at the end of the reporting period[547](index=547&type=chunk) Liability Items Involving Government Grants | Account | Opening Balance (RMB Yuan) | New Grants (RMB Yuan) | Recognized in Non-operating Income (RMB Yuan) | Transferred to Other Income (RMB Yuan) | Closing Balance (RMB Yuan) | Asset/Income Related | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Deferred Income | 7,837,477.60 | 0 | 0 | 880,145.82 | 6,957,331.78 | Asset-related | - The total amount of government grants recognized in current profit and loss for the period was **RMB 1,107,048.00**[550](index=550&type=chunk) [Risks Related to Financial Instruments](index=116&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) The company manages credit, liquidity, and market risks through diversified investments, credit assessments, and hedging activities - The company's main financial instruments include cash, accounts receivable, other receivables, and trading financial assets, exposing it to credit, liquidity, and market risks[550](index=550&type=chunk)[551](index=551&type=chunk) - Credit risk arises mainly from bank deposits and accounts receivable, which the company controls by assessing customer creditworthiness, regular monitoring, and purchasing credit guarantee insurance[553](index=553&type=chunk) - Liquidity risk is managed by maintaining sufficient cash and cash equivalents, monitoring the use of bank borrowings, and securing backup funding commitments[555](index=555&type=chunk) - Market risk includes interest rate risk, foreign exchange risk, and commodity price risk, which are managed by balancing fixed and floating rate contracts and using hedging for commodity prices; foreign exchange risk is currently not significant[559](index=559&type=chunk)[560](index=560&type=chunk)[562](index=562&type=chunk)[563](index=563&type=chunk) - Subsidiaries Guorun Gold and Tellus Baoku use hedging instruments like gold spot deferred contracts and futures contracts to mitigate the risk of fair value fluctuations in gold raw materials, with **highly effective** hedging results[566](index=566&type=chunk) [Fair Value Disclosure](index=120&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E7%9A%84%E6%8A%AB%E9%9C%B2) This section discloses the fair value of assets and liabilities, categorized into three levels based on valuation inputs Period-end Fair Value of Assets and Liabilities Measured at Fair Value | Item | Level 1 Fair Value (RMB Yuan) | Level 2 Fair Value (RMB Yuan) | Level 3 Fair Value (RMB Yuan) | Total (RMB Yuan) | | :--- | :--- | :--- | :--- | :--- | | **I. Continuous Fair Value Measurement** | | | | | | (I) Trading Financial Assets | 0 | 197,026,798.06 | 0 | 197,026,798.06 | | (II) Derivative Financial Assets | 108,160.00 | 0 | 0 | 108,160.00 | | (III) Other Debt Investments | 0 | 224,259,409.78 | 0 | 224,259,409.78 | | (IV) Hedged Items | 37,863,854.83 | 0 | 0 | 37,863,854.83 | | **Total Assets at Continuous Fair Value** | 37,972,014.83 | 421,286,207.84 | 0 | 459,258,222.67 | | (VII) Financial Liabilities Designated at FVTPL | 63,472,251.57 | 0 | 0 | 63,472,251.57 | | **Total Liabilities at Continuous Fair Value** | 63,472,251.57 | 0 | 0 | 63,472,251.57 | - Level 1 fair value items are determined by quoted prices in active markets, such as the closing price of gold transactions[572](index=572&type=chunk) - Level 2 fair value items are valued using techniques like the discounted cash flow method, such as for bank wealth management products[573](index=573&type=chunk) - Level 3 fair value items (e.g, unlisted equity investments) are estimated at their investment cost due to insufficient information or a wide range of fair value distributions[576](index=576&type=chunk) [Related Parties and Transactions](index=122&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E5%8F%8A%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company's ultimate controlling party is the Shenzhen SASAC, and it engages in various routine transactions with related parties - The company's parent company is Shenzhen Special Economic Zone Development Group Co, Ltd, and the ultimate controlling party is the State-owned Assets Supervision and Administration Commission of the Shenzhen Municipal People's Government[579](index=579&type=chunk)[580](index=580&type=chunk) - The company engages in routine related-party transactions, including receiving services from Shenzhen Tefa Service Co, Ltd and purchasing services from Guoren Property & Casualty Insurance Co, Ltd[586](index=586&type=chunk) - As a lessor, the company provides property leasing services to related parties such as Shenzhen Tefa Service Co, Ltd and Shenzhen Tefa Microcredit Co, Ltd[588](index=588&type=chunk) - Key management personnel compensation for the period was **RMB 1,734,900.00**[590](index=590&type=chunk) - At the end of the reporting period, the company had outstanding balances with related parties, including accounts receivable, prepayments, other receivables, and long-term receivables
综合板块8月21日跌0.87%,亚泰集团领跌,主力资金净流入2902.6万元





Zheng Xing Xing Ye Ri Bao· 2025-08-21 08:38
证券之星消息,8月21日综合板块较上一交易日下跌0.87%,亚泰集团领跌。当日上证指数报收于 3771.1,上涨0.13%。深证成指报收于11919.76,下跌0.06%。综合板块个股涨跌见下表: | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000753 | 漳州发展 | 6.44 | 10.09% | 80.80万 | 5.07亿 | | 600805 | 悦达投资 | 6.31 | 6.23% | 119.24万 | 7.62亿 | | 000632 | 三木集团 | 4.14 | 1.22% | 17.69万 | 7304.50万 | | 000421 | 南京公用 | 6.77 | 0.74% | 1 12.09万 | 8175.90万 | | 002758 | 浙农股份 | 9.32 | 0.32% | 5.54万 | 5161.66万 | | 600620 | 天宸股份 | 6.45 | 0.16% | 10.22万 | 6588.84万 | | 600051 | 宁波联合 | ...
特 力A(000025)8月15日主力资金净流出2070.49万元
Sou Hu Cai Jing· 2025-08-16 17:34
Group 1 - The core viewpoint of the news is that Shenzhen Teli (Group) Co., Ltd. has experienced a significant decline in revenue and profit in the first quarter of 2025, indicating potential challenges for the company moving forward [1][3] - As of August 15, 2025, Teli A's stock price closed at 17.5 yuan, with a slight increase of 0.17% and a trading volume of 107,500 hands, amounting to a transaction value of 188 million yuan [1] - The company's latest financial report shows total operating revenue of 328 million yuan, a year-on-year decrease of 56.68%, and a net profit attributable to shareholders of 34.23 million yuan, down 2.89% year-on-year [1] Group 2 - The company has a current ratio of 1.266, a quick ratio of 1.078, and a debt-to-asset ratio of 25.12%, indicating a relatively stable liquidity position [1] - Shenzhen Teli has made investments in 41 enterprises and participated in 646 bidding projects, showcasing its active engagement in business expansion [2] - The company holds 45 trademark registrations and has obtained 43 administrative licenses, reflecting its commitment to intellectual property and regulatory compliance [2]
1.65亿元资金今日流入综合股
Zheng Quan Shi Bao Wang· 2025-08-15 09:31
注:本文系新闻报道,不构成投资建议,股市有风险,投资需谨慎。 (文章来源:证券时报网) 综合行业今日上涨3.92%,全天主力资金净流入1.65亿元,该行业所属的个股共16只,今日上涨的有13 只,涨停的有1只;下跌的有1只。以资金流向数据进行统计,该行业资金净流入的个股有10只,净流入 资金居首的是东阳光,今日净流入资金1.61亿元,紧随其后的是亚泰集团、红棉股份,净流入资金分别 为1949.99万元、765.00万元。综合行业资金净流出个股中,净流出资金居前的有特力A、悦达投资、泰 达股份,净流出资金分别为1796.51万元、749.75万元、610.90万元。(数据宝) 综合行业资金流向排名 | 代码 | 简称 | 今日涨跌幅(%) | 今日换手率(%) | 主力资金流量(万元) | | --- | --- | --- | --- | --- | | 600673 | 东阳光 | 10.01 | 2.80 | 16132.28 | | 600881 | 亚泰集团 | 1.55 | 3.75 | 1949.99 | | 000523 | 红棉股份 | 0.62 | 1.09 | 765.00 | | 600 ...
3.19亿元主力资金今日撤离综合板块
Zheng Quan Shi Bao Wang· 2025-08-14 09:08
Core Points - The Shanghai Composite Index fell by 0.46% on August 14, with only one industry, non-bank financials, showing an increase of 0.59% [1] - The comprehensive industry experienced the largest decline, down by 2.66%, followed by the defense and military industry, which fell by 2.15% [1] - A total of 750.81 billion yuan in net outflow of main funds was observed across the two markets, with only two industries seeing net inflows: banking (1.88 million yuan) and building materials (5.94 million yuan) [1] Industry Summary - The comprehensive industry had a net outflow of 3.19 million yuan, with all 16 stocks in this sector declining [1] - The stocks with the largest net outflows in the comprehensive industry included Dongyangguang (-13.84 million yuan), Yuegui Shares (-4.49 million yuan), and Zongyi Shares (-1.96 million yuan) [1][2] - The defense and military industry had the highest net outflow of main funds at 9.32 billion yuan, followed by the machinery equipment industry with an outflow of 8.22 billion yuan [1]
深圳国企改革概念涨1.56%,主力资金净流入这些股
Zheng Quan Shi Bao Wang· 2025-08-12 09:26
Group 1 - The Shenzhen state-owned enterprise reform concept rose by 1.56%, ranking 6th among concept sectors, with 23 stocks increasing, including Shahe Co., Shen Property A, and Shen Zhenye A hitting the daily limit [2] - Leading gainers included Shen Property A, which rose by 5.27%, Shen Zhenye A by 4.70%, and Te Li A by 3.46% [2] - The largest declines were seen in Shen Water Planning Institute, which fell by 7.31%, followed by Zhongxin Saike and Weiguang Biology, down by 1.84% and 0.67% respectively [2] Group 2 - In terms of capital flow, the Shenzhen state-owned enterprise reform sector experienced a net outflow of 0.36 billion yuan, with 10 stocks seeing net inflows [3] - The top net inflow was from Shen Zhenye A, with a net inflow of 72.99 million yuan, followed by Shen Property A and Te Li A with net inflows of 60.75 million yuan and 36.42 million yuan respectively [3][4] - The net inflow ratios for Shen Property A, Shen Zhenye A, and Shahe Co. were 12.71%, 8.84%, and 6.56% respectively [3]