| 其他关联方及其附 | | | | | | | | | | | 非经营性占 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 属企业 | | | | | | | | | | | 用 | | 小计 | - | - | - | | | | | | | | - | | 总计 | - | - | - | | | | | | | | - | | 其他关联资金往来 | 来方名 | 市公司的关 | 算的会计科 | 初往来资 | 2023 | 年 上半 年往来累计发 生金额（不含 | 年往来资金 | 年偿还累计 | 度期末往来 | 往来形 成原因 | 往来性质 （经营性往 来、非经营性 | | | 资金往 | 往来方与上 | 上市公司核 | 2023 年期 | | | 2023 年上半 | 2023年上半 | 2023年半年 | | | | | 称 | 联关系 | 目 | 金余额 | | | 的利息（如 | 发生金额 | 资金余额 | | | | | | | | | | 利息） | | | | | 往来） | | | ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥109,155,515.74, a decrease of 59.96% compared to ¥272,594,952.10 in the same period last year[6] - The net profit attributable to shareholders for Q1 2023 was -¥35,653,798.52, representing a decline of 121.97% from ¥162,278,083.59 in the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥37,833,791.48, a decrease of 201.63% compared to ¥37,225,465.61 in the same period last year[6] - Basic and diluted earnings per share for Q1 2023 were both -¥0.0352, down 121.95% from ¥0.1604 in the same period last year[6] - The company reported a net profit of -36,452,101.30 CNY for the current period, compared to a net profit of 161,619,421.30 CNY in the previous period, indicating a significant decline[30] - Operating profit for the current period was -40,357,864.78 CNY, while the previous period showed an operating profit of 223,041,970.54 CNY, reflecting a substantial decrease[30] - Total comprehensive income attributable to the parent company was -33,812,427.57 CNY, compared to 159,994,311.64 CNY in the previous period, indicating a drastic drop[30] Cash Flow and Liquidity - The net cash flow from operating activities improved by 60.26%, amounting to -¥183,238,769.33, compared to -¥461,062,516.92 in the previous year[9] - Cash flow from operating activities was -183,238,769.33 CNY, a decrease from -461,062,516.92 CNY in the previous period, showing improved cash flow management[34] - The company generated 81,910,853.47 CNY in cash from sales of goods and services, down from 135,938,494.95 CNY in the previous period[34] - The company raised 23,000,000.00 CNY through borrowings during the current period, with no borrowings reported in the previous period[37] - The cash and cash equivalents at the end of the period stood at 166,003,254.27 CNY, down from 307,313,805.03 CNY at the end of the previous period[37] - The company incurred a total operating cash outflow of 278,804,491.11 CNY, compared to 762,172,846.53 CNY in the previous period, indicating a reduction in cash outflows[34] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥5,507,814,502.77, a decrease of 3.20% from ¥5,689,769,802.18 at the end of the previous year[6] - The company's cash and cash equivalents decreased to CNY 173,441,137.89 from CNY 197,663,949.74 at the beginning of the year, a decline of 12.2%[21] - The total liabilities decreased to CNY 1,255,085,152.67 from CNY 1,403,228,024.51, a decrease of 10.6%[23] - The company's total equity decreased to CNY 4,252,729,350.10 from CNY 4,286,541,777.67, a decline of 0.8%[27] - The deferred income tax assets decreased to CNY 59,370,256.85 from CNY 77,036,728.98, a reduction of 22.9%[23] Shareholder Information - Shareholders' equity attributable to the parent company was ¥3,970,486,346.38, down 0.84% from ¥4,004,240,547.70 at the end of the previous year[6] - The total number of common shareholders at the end of the reporting period was 45,531[17] Government Support - The company received government subsidies amounting to ¥118,084.21 during the reporting period[6] Revenue and Costs - Total operating revenue for Q1 2023 was CNY 109,155,515.74, a decrease of 60.0% compared to CNY 272,594,952.10 in the same period last year[28] - Total operating costs for Q1 2023 were CNY 151,818,346.49, down 30.4% from CNY 218,394,023.67 year-on-year[28] - The significant decline in revenue and net profit was primarily due to a decrease in real estate sales and the absence of last year's gain from the sale of a subsidiary[14] - The inventory balance increased slightly to CNY 4,282,125,304.63 from CNY 4,257,109,614.31, an increase of 0.6%[21] - The company reported a financial expense of CNY -124,245.56, compared to CNY -2,019,282.47 in the previous year, indicating improved financial management[28] - The company reported other comprehensive income after tax of 2,639,673.73 CNY, contrasting with -1,625,109.66 CNY in the previous period, showing a recovery in this area[30]

Financial Performance - The net increase in cash and cash equivalents was -421,928,565.67, a decrease of 79.49% year-on-year, primarily due to a decline in real estate sales[2]. - The total financial assets at the end of the period amounted to 421,993,596.99, down from 550,347,415.24 at the beginning of the period[5]. - The company reported a net profit of -1,293,000 for New Peak Enterprises Limited, mainly due to exchange rate fluctuations, with no business operations[27]. - The company reported a net profit of CNY 341,088,743.27 for the year 2022, with a beginning retained earnings of CNY 1,474,557,043.86[113]. - After deducting the 10% statutory surplus reserve of CNY 34,108,874.33 and the 2021 dividend distribution of CNY 89,026,080.00, the distributable profit for 2022 is CNY 1,692,510,832.80[113]. - The total distributable profit for the year is reported at 1,692,510,832.80 CNY, with the cash dividend accounting for 100% of the profit distribution[99]. - Total cash dividends distributed amounted to CNY 61,711,260, representing 40.15% of the net profit attributable to the parent company of CNY 153,718,805.57[127]. Strategic Initiatives - The company acquired 51% of Guangdong Jianbang Group (Huiyang) Industrial Co., Ltd. for 450 million, with expected revenue of 6 billion from the Linxin Garden project between 2023 and 2025[26]. - The company plans to enhance rental efforts to meet annual leasing targets and promote the sale of overseas land to realize low-efficiency asset monetization[18]. - The company aims to ensure rapid capital recovery and performance achievement through the sale of existing properties like Guangmingli and Tianyue Bay[18]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic initiatives[55]. - The company plans to expand its market presence in three new cities, aiming for a 10% market share in these regions within two years[194]. - A strategic acquisition of a local competitor was completed, expected to enhance the company's market position and increase revenue by 5% annually[194]. Market Conditions - The overall economic environment remains challenging, with pressures from demand contraction and supply shocks impacting the real estate sector[15]. - The company aims to deepen industry policy research and innovate operational models to adapt to macroeconomic risks, particularly in first-tier cities where market sentiment remains low[30]. - In 2023, the company plans to strengthen its analysis of market conditions and enhance strategic planning to achieve high-quality development[31]. Governance and Management - The company has completed the board and party committee restructuring to improve its governance structure[34]. - The company has a clear governance structure, ensuring that the management team operates independently from the controlling shareholder[67]. - The management team is responsible for the company's operational management, adhering to legal and regulatory requirements[64]. - The company has maintained a transparent communication process with shareholders, ensuring their rights are upheld during meetings[62]. - The company has a diverse board of directors with backgrounds in finance, management, and academia, enhancing its governance structure[75]. - The board of directors held multiple meetings throughout the reporting period, with resolutions disclosed on various dates[87]. Employee and Internal Control - The company has a total of 37 employees, with a focus on professional development and training[95]. - The company has established a comprehensive internal control system, with no significant defects found in non-financial reporting internal controls[116]. - The internal control audit report issued by the accounting firm received a standard unqualified opinion, confirming the effectiveness of the internal control system[120]. - The company has implemented an annual training plan for employees to enhance their professional skills and knowledge[112]. Social Responsibility - The company participated in social responsibility initiatives with a total investment of CNY 358,700 in public welfare activities during the reporting period[122]. - The company engaged in poverty alleviation efforts, purchasing CNY 714,000 worth of poverty alleviation products throughout the year[139]. - The company completed community volunteer activities with a total of 243 participants contributing 1,159.50 hours[122]. Future Outlook - User data showed a growth in active users by 25%, reaching 500,000 users by the end of the reporting period[194]. - The company provided a future outlook, projecting a revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion[194]. - Investment in new technology development increased by 30%, with a focus on sustainable building solutions[194]. - The company introduced two new product lines, which are anticipated to contribute an additional 200 million RMB in revenue over the next year[194]. - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management[194]. - The company has set a target to reduce operational costs by 10% through efficiency improvements in the next fiscal year[194]. - Shareholder returns are expected to increase by 12% due to improved profitability and cash flow management strategies[194].

Financial Performance - The company's operating revenue for 2021 was CNY 1,320,790,648.45, a decrease of 18.22% compared to CNY 1,615,009,713.88 in 2020[24] - The net profit attributable to shareholders for 2021 was CNY 220,836,309.93, down 23.91% from CNY 290,229,772.23 in the previous year[24] - The net cash flow from operating activities was negative CNY 1,205,952,107.94, a decline of 522.90% compared to CNY 285,164,013.17 in 2020[24] - The basic earnings per share for 2021 was CNY 0.2183, reflecting a decrease of 23.91% from CNY 0.2869 in 2020[24] - The company reported a weighted average return on equity of 5.72% for 2021, down from 7.81% in 2020[24] - The net profit after deducting non-recurring gains and losses for 2021 was CNY 208,306,710.37, a decrease of 17.86% from CNY 253,595,334.11 in 2020[24] - The total operating revenue for the first quarter is CNY 415,282,352.53, with a net profit of CNY 88,040,167.60, while the second quarter revenue is CNY 279,315,865.94 with a net profit of CNY 44,406,954.54, indicating a significant drop in the second quarter[29] - The company reported a net cash flow from operating activities of CNY 303,456,191.73 in the first quarter, but a negative cash flow of CNY -588,996,943.19 in the second quarter, highlighting cash flow challenges[29] Assets and Liabilities - Total assets at the end of 2021 amounted to CNY 6,182,498,050.43, an increase of 25.23% from CNY 4,936,916,746.74 at the end of 2020[24] - The net assets attributable to shareholders increased by 3.71% to CNY 3,938,260,291.97 from CNY 3,797,512,488.22 in 2020[24] - Cash and cash equivalents decreased by CNY 2,056,810,291.67, a decline of 277.02% year-on-year, primarily due to increased investments in real estate projects[89] - Inventory increased by 40.54% to ¥4,034,933,562.62, representing 65.26% of total assets, attributed to new projects and land reserves[93] - The company reported a tax payable of ¥600,497,936.70, which is 9.71% of total liabilities, an increase due to the accrual of land appreciation tax[93] Revenue Breakdown - Real estate revenue accounted for ¥876.16 million, representing 66.34% of total revenue, down 24.37% from ¥1.16 billion in 2020[73] - Property management revenue increased by 6.95% to ¥162.53 million, up from ¥151.97 million in 2020[73] - Rental income grew by 29.30% to ¥81.79 million, compared to ¥63.25 million in the previous year[73] - The company achieved a total sales area of 38,729 square meters with a sales amount of 676 million yuan, including 69 units sold in Shenzhen and 238 units in Shantou[54] Strategic Initiatives - The company plans to distribute a cash dividend of CNY 0.88 per 10 shares, based on a total of 1,011,660,000 shares[7] - The company has indicated that its future operational plans may be influenced by various factors, highlighting potential investment risks[7] - The company is actively exploring future development strategies, including a quality improvement action plan and seeking strategic projects with synergistic effects[56] - The company plans to address macroeconomic risks through strategic measures to ensure sustainable development in the real estate sector[116] - The company aims to enhance its financial structure by expanding financing channels and improving decision-making processes[125] Project Development - The company completed the acquisition of controlling interest in the Huizhou project in May 2021, which resumed construction in June 2021 and is expected to start pre-sales in December 2021[39] - The company has successfully launched two main projects in Shenzhen and Shantou, with the Shantou project achieving approximately 80% sales in the first phase and 20% in the second phase[39] - The company acquired land use rights for a new project in Shenzhen Guangming District in September 2021, which is expected to commence construction in January 2022[39] - The total land reserve area is reported to be 11.77 million square meters, with a total building area of 31.76 million square meters available for development[40] Corporate Governance - The company has established a governance structure that ensures clear responsibilities and effective checks and balances among the board of directors, management, and supervisory board[135] - The company maintains independent operations in terms of assets, personnel, finance, and business, ensuring no conflicts with the controlling shareholder[139] - The company has engaged in multiple communications with individual investors regarding its future development plans and project sales[129] - The company emphasizes the importance of party leadership in guiding its governance and high-quality development[128] Employee and Management Structure - The company reported a total of 1,578 employees at the end of the reporting period, with 950 in production, 79 in sales, 422 in technology, 53 in finance, and 74 in administration[183] - The company’s management structure includes a salary system based on performance for employees below the vice president level[184] - The company has implemented an annual training plan to enhance employees' professional skills and knowledge[185] - The current management team includes experienced professionals with backgrounds in finance and government oversight, such as Liu Zhengyu, who serves as the Chairman and President of the company[150] Market Position and Future Outlook - The company plans to expand its market presence by investing in new real estate projects, aiming for a growth rate of approximately 15% in the next fiscal year[164] - Future strategies may include further market expansion and potential mergers or acquisitions to enhance growth prospects[152] - The company is focusing on the development of new technologies in real estate management to enhance operational efficiency and customer satisfaction[164] - The company aims to achieve a 5% reduction in operational costs through improved supply chain management and technology integration[164]

Financial Performance - The company's operating revenue for Q3 2021 was ¥272,065,605.11, a decrease of 56.22% compared to the same period last year[4] - The net profit attributable to shareholders for the same period was ¥29,640,906.70, down 70.82% year-on-year[4] - Total operating revenue for the period was CNY 966,663,823.58, a decrease of 20.6% compared to CNY 1,217,660,802.78 in the same period last year[23] - The company reported a net profit of CNY 208,411,835.30 for the period, compared to a net profit of CNY 256,882,316.70 in the same period last year, a decline of 18.8%[23] - Net profit for the current period is 161,823,841.64, a decrease of 18.6% compared to 198,875,857.46 in the previous period[26] - Operating profit stands at 221,178,644.06, down from 274,181,852.26, reflecting a decline of 19.3%[26] - Total comprehensive income for the current period is 162,258,501.26, down from 192,937,153.22 in the previous period[29] - Basic and diluted earnings per share are both 0.1617, down from 0.1965 in the previous period[29] Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,264,096,374.55, reflecting a significant decline of 1397.71% compared to the previous year[8] - Cash and cash equivalents as of September 30, 2021, were CNY 702,463,353.84, a significant decrease from CNY 2,687,465,070.01 at the end of 2020[16] - Cash and cash equivalents at the end of the period are 696,885,573.27, a significant decrease from 2,458,128,296.87 in the previous period[33] - The company reported a net cash outflow from operating activities of -1,264,096,374.55, compared to a positive inflow of 97,409,818.45 in the previous period[33] - Investment activities resulted in a net cash outflow of -951,251,423.49, contrasting with a net inflow of 1,020,818,810.32 in the previous period[33] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,181,890,175.11, an increase of 25.22% from the end of the previous year[4] - Total assets reached CNY 6,181,890,175.11, compared to CNY 4,936,916,746.74 at the end of 2020, reflecting an increase of 25.2%[22] - Total liabilities were CNY 2,018,574,885.65, up from CNY 1,279,829,491.58, representing a growth of 57.7%[22] Inventory and Expenses - The company's inventory increased by 225.90% to ¥3,977,470,978.35, primarily due to the increase in development projects[8] - Inventory increased to CNY 3,977,470,978.35, up from CNY 1,220,464,112.56 year-on-year, indicating a growth of 226.5%[16] - The company experienced a 36.60% reduction in marketing expenses, totaling ¥31,229,738.10, due to adjustments in marketing strategies[8] - The company incurred sales expenses of 31,229,738.10, down from 49,259,539.14 in the previous period[26] - The total amount of taxes and additional charges is 198,738,261.87, compared to 256,360,411.16 in the previous period[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,265[9] - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., held 57.19% of the shares[9] Investments and Strategic Initiatives - The company acquired land use rights for CNY 96,500,000, indicating ongoing market expansion efforts[13] - The company invested CNY 130,000,000 in financial products during the reporting period, with partial redemptions completed[13] - The company plans to continue its strategic investments and market expansion initiatives in the upcoming quarters[13] Accounting Standards - The company implemented the new leasing standard starting January 1, 2021, recognizing right-of-use assets and lease liabilities based on the present value of future minimum lease payments[34] - The company did not need to adjust the beginning balance sheet items as the leased assets are minimal and primarily consist of short-term leases and low-value asset leases[34] Audit Status - The third quarter report for 2021 was not audited[37]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥694,598,218.47, representing a 16.49% increase compared to ¥596,258,495.40 in the same period last year[24]. - The net profit attributable to shareholders was ¥132,447,122.14, a 36.16% increase from ¥97,274,985.72 year-on-year[24]. - The net profit after deducting non-recurring gains and losses was ¥131,437,988.58, which is a 54.30% increase compared to ¥85,184,270.99 in the previous year[24]. - The basic earnings per share rose to ¥0.1309, up 36.07% from ¥0.0962 in the same period last year[24]. - The company's operating profit for the first half of 2021 was approximately ¥178.68 million, an increase from ¥140.01 million in the same period of 2020, representing a growth of about 27.6%[169]. - Net profit for the first half of 2021 reached approximately ¥132.18 million, compared to ¥97.31 million in the first half of 2020, marking an increase of approximately 36%[169]. - The total comprehensive income for the current period is 1,153,397.28, reflecting a significant increase compared to the previous period[191]. Assets and Liabilities - The company's total assets increased by 25.67% to ¥6,204,351,775.64 from ¥4,936,916,746.74 at the end of the previous year[24]. - The company's total assets reached approximately CNY 6.20 billion, up from CNY 4.94 billion, indicating a growth of about 25.5%[149]. - Total liabilities rose to approximately CNY 2.07 billion from CNY 1.28 billion, reflecting an increase of about 62%[151]. - The company's total liabilities reached ¥1,080,872,515.36, an increase from ¥935,000,927.44, representing a rise of 15.6%[162]. - The company's accounts receivable increased to approximately CNY 74.31 million from CNY 59.59 million, a rise of about 24.7%[146]. - The company reported a significant increase in contract liabilities, which rose to approximately CNY 375.04 million from CNY 196.79 million, an increase of about 90.4%[151]. Cash Flow - The net cash flow from operating activities was negative at -¥285,540,751.46, worsening by 34.53% compared to -¥212,242,798.59 in the previous year[24]. - The net cash flow from investing activities was -¥1,750,516,694.28, a significant decrease of 271.58% compared to ¥1,020,263,040.32 in the previous year, mainly due to equity acquisition payments[47]. - The net increase in cash and cash equivalents was -¥1,792,911,046.07, a decline of 379.69% compared to an increase of ¥641,032,673.52 in the previous year[50]. - The company's cash flow from operating activities for the first half of 2021 was approximately ¥958.23 million, compared to ¥685.61 million in the first half of 2020, indicating a growth of about 39.7%[177]. - Total cash inflow from operating activities amounted to 1,206,379,569.58, while cash outflow was 1,491,920,321.04, resulting in a net cash flow deficit[180]. - The total cash and cash equivalents at the end of the period were 876,192,880.75, down from 2,148,222,433.87 at the end of the previous period[183]. Business Operations - The company achieved a contract sales amount of 70.2% of the annual target in the first half of the year, exceeding the planned goal[34]. - Rental income increased by 64.6% year-on-year, completing 51.2% of the annual target[35]. - The company successfully acquired 51% equity in Jianbang Company, laying a solid foundation for sustainable development[34]. - The average occupancy rate of rental properties significantly improved, contributing to enhanced asset management efficiency[35]. - The company implemented strict cost control measures, resulting in effective management of major project budgets[35]. - The company is actively expanding its project portfolio, with significant progress in various ongoing developments[34]. Strategic Initiatives - The company plans to optimize its business layout and focus on new growth points to enhance profitability[43]. - The company aims to improve project construction and marketing efforts to achieve annual targets[44]. - The company will continue to innovate its profit model and explore new growth areas in line with the strategic opportunities presented by the Shenzhen "dual zone" construction[43]. - The company has initiated a mechanism for employee investment in the Linxi Jun project to enhance employee engagement and motivation[35]. Risks and Challenges - The management highlighted potential risks and uncertainties affecting future operational plans, urging investors to be cautious[5]. - The company is facing risks from industry regulations and plans to innovate operational models and optimize development strategies in response to these challenges[73]. - The company aims to expand its land reserves while exploring new fields and nurturing new business formats to address challenges posed by policies like "concentrated land supply"[74]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The controlling shareholder transferred 64,288,426 shares (6.355% of total shares) to the State-owned Equity Management Company to support the social security fund[117]. - The total number of ordinary shareholders at the end of the reporting period was 61,695, with the largest shareholder holding 57.19%[127]. - The company has not issued any new shares or conducted any share buybacks during the reporting period[124]. - The company has not reported any significant changes in shareholding structure or major shareholder actions during the reporting period[127]. Compliance and Governance - The company actively fulfills its social responsibilities, including donations to community health initiatives and participation in pandemic prevention efforts[85]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[89]. - The company reported no violations regarding external guarantees during the reporting period[90]. - The company did not experience any bankruptcy reorganization matters during the reporting period[94]. - The financial report for the first half of 2021 has not been audited[91].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 596,258,495.40, a decrease of 52.35% compared to CNY 1,251,337,802.57 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 97,274,985.72, down 70.80% from CNY 333,155,843.41 in the previous year[21]. - The net cash flow from operating activities was negative CNY 212,242,798.59, a decline of 130.95% compared to CNY 685,675,245.10 in the same period last year[21]. - Basic earnings per share decreased to CNY 0.0962, down 70.79% from CNY 0.3293 in the previous year[21]. - The total profit amounted to 141 million yuan, down 68.40% year-on-year[36]. - The company reported a total comprehensive income of CNY 98,015,545.17 for the first half of 2020, significantly lower than CNY 333,259,783.41 in the same period last year[169]. - The company expects a cumulative net profit of ¥16,000,000 for the year, a decrease of 63.60% compared to the previous year's ¥43,952,000[71]. - The company reported a financial expense of CNY -5,747,585.98, an improvement from CNY -6,626,259.12 in the previous year[166]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,485,810,299.86, a decrease of 8.63% from CNY 4,909,669,536.09 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were CNY 3,597,595,143.65, down 1.89% from CNY 3,666,874,569.99 at the end of the previous year[21]. - Total liabilities reduced to 1.03 billion yuan, a decline of 25.63% from the beginning of the period[36]. - The asset-liability ratio was 22.96%, a decrease of 5.25 percentage points from the beginning of the period[36]. - Total current assets decreased from CNY 4,166,705,581.12 as of December 31, 2019, to CNY 3,765,279,106.53 as of June 30, 2020, representing a decline of approximately 9.6%[149]. - Total liabilities decreased from CNY 1,384,686,301.94 to CNY 1,029,735,420.54, a reduction of approximately 25.6%[152]. Projects and Developments - The company completed the construction of the Chuanqi Donghu Mingyuan project in Shenzhen, with a cumulative sales rate of approximately 60%[31]. - The Tianyue Bay project in Shantou achieved a cumulative sales rate of about 60% for the first phase, with the second phase fully capped[31]. - The total investment for the Tianyue Bay Phase II project is estimated at 654.85 million yuan, with 402.41 million yuan already invested[41]. - The company has reported a total land reserve of 0.59 million square meters, with a total construction area of 2.67 million square meters[41]. Cash Flow and Investments - The investment activities generated a net cash flow of ¥1,020,263,040.32, a significant increase of 362.48% compared to -¥388,696,596.57 in the previous year[50]. - Cash and cash equivalents at the end of the reporting period amounted to ¥2,148,222,433.87, representing 47.89% of total assets, an increase from 23.42% in the previous year[57]. - The company reported a net increase in cash and cash equivalents of ¥641,032,673.52, a remarkable increase of 597.09% from ¥91,958,457.22 in the previous year[50]. - The total cash inflow from investment activities was 1,020,317,808.22 CNY, slightly down from 1,042,838,563.97 CNY in the previous year, reflecting a decrease of about 2.2%[186]. Risk Factors and Future Outlook - The company highlighted risks and uncertainties in its future operational plans, advising investors to be cautious[5]. - The company faces significant macroeconomic risks due to the ongoing COVID-19 pandemic and geopolitical tensions, impacting domestic economic recovery[74]. - The real estate industry is under policy risk, with the government maintaining a stance that real estate is for living, not speculation, leading to differentiated regulatory measures across regions[74]. - The company plans to actively seek new land or project opportunities within the year, responding to market conditions[47]. Shareholder Information - The company reported a total share count of 1,011,660,000, with 100% being unrestricted shares[118]. - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 63.55% of the shares, totaling 642,884,262 shares[121]. - The company did not experience any changes in its controlling shareholder during the reporting period[127]. - There were no convertible bonds or preferred shares issued during the reporting period[130][133]. Corporate Governance and Compliance - The financial report for the first half of 2020 was not audited[144]. - The company has not engaged in any significant related party transactions during the reporting period[90]. - The company is focused on maintaining investor rights and preventing abnormal stock price fluctuations during the restructuring process[112]. - The company has committed to disclosing updates on the restructuring at least every five trading days during the suspension period[112].

Financial Performance - Net profit attributable to shareholders rose by 263.65% to CNY 44,934,281.00 for the current period[8] - Operating revenue for the current period reached CNY 282,588,259.93, reflecting a growth of 21.13% year-on-year[8] - The company reported a net profit of CNY 374,000,365.53 year-to-date, an increase of 150.03% compared to the same period last year[8] - The company reported a projected cumulative net profit for the year between ¥450,000,000 and ¥500,000,000, indicating a growth of 143.35% to 170.39% compared to the previous year[22] Earnings and Returns - Basic earnings per share increased by 263.93% to CNY 0.0444 for the current period[8] - The basic earnings per share are expected to rise to between ¥0.4448 and ¥0.4942, reflecting an increase of 143.33% to 170.37% year-on-year[22] - The weighted average return on equity improved to 1.49%, up from 1.04% at the end of the previous year[8] Cash Flow - Net cash flow from operating activities surged by 431.32% to CNY 664,798,431.71 year-to-date[8] - The net cash flow from operating activities was ¥664,798,431.71, a substantial increase of 431.32% compared to the previous year, driven by higher cash receipts from sales[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 76,443[11] - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 63.55% of the shares[11] Investments and Assets - The company has made significant investments, with cash outflow from investing activities at -¥599,463,465.47, primarily due to the purchase of structured deposits worth ¥600 million[16] - Other current assets increased dramatically by 5237.85% to ¥606,889,159.07, mainly due to the purchase of structured deposits[16] - Total assets increased by 11.49% to CNY 4,447,438,366.38 compared to the end of the previous year[8] Borrowings - Short-term borrowings decreased by 66.37% to ¥35,048,803.88, mainly due to a reduction in commercial acceptance bill discounting[16] - Long-term borrowings also saw a decline of 83.73% to ¥13,340,200.00, primarily due to repayments of bank loans[16] Taxation - Tax and additional charges amounted to ¥316,767,417.97, reflecting a significant increase of 932.78% year-on-year, attributed to the rise in real estate sales recognition[16] Non-recurring Items - Non-recurring gains and losses totaled CNY 110,548.43 for the year-to-date[9] Asset Restructuring - The company is currently undergoing a major asset restructuring, which involves complex negotiations and regulatory compliance, with ongoing updates expected[19]

Financial Performance - The company's operating revenue for the reporting period reached ¥1,317,541,631.35, representing an increase of 80.16% compared to the same period last year[17]. - Net profit attributable to shareholders of the listed company was ¥329,066,084.53, a significant increase of 139.80% year-on-year[17]. - The net cash flow from operating activities was ¥594,728,129.67, showing a remarkable increase of 708.72% compared to the previous year[17]. - Total assets at the end of the reporting period amounted to ¥4,516,278,981.14, reflecting a growth of 13.21% from the end of the previous year[17]. - The company reported a basic earnings per share of ¥0.3253, which is an increase of 139.90% compared to the same period last year[17]. - The total profit reached 440 million yuan, up 138.76% compared to the previous year[32]. - The company's net assets increased to 3.157 billion yuan, a growth of 11.62% from the end of the previous year[32]. - The company reported a gross profit margin of 71.01% for its main real estate projects[36]. - The company reported a significant increase in sales expenses, which rose by 443.95% to CNY 37,167,133.77, mainly due to higher sales commissions and advertising costs[42]. - The company achieved investment income of CNY 827,100.00, up from CNY 650,000.00, reflecting a growth of approximately 27%[119]. Sales and Projects - The sales completion rate for the Cui Lin Yuan project was approximately 70%, while the Tian Yue Wan Phase I residential sales reached about 20%[26]. - The cumulative sales turnover of the Longgang Company’s Cui Lin Yuan project reached 70% by May 2018, contributing 102,558 million CNY to the group's revenue, which is 78.84% of total revenue[55]. - The Shantou Huafeng Company’s Tianyue Bay project reported a sales turnover of 1,224 million CNY in the first half of 2018, with a net loss of 1,641 million CNY primarily due to interest expenses[56]. Assets and Liabilities - Accounts receivable rose by 199 million yuan, an increase of 145.17%, primarily due to mortgage payments pending from banks[27]. - Other current assets surged by 592 million yuan, a staggering increase of 5214.32%, mainly from the purchase of 600 million yuan in structured deposits[27]. - The inventory level decreased by 9.38% to CNY 1,677,853,797.04, reflecting the transfer of real estate sales[47]. - Total liabilities increased to CNY 1,487,905,468.42, up from CNY 1,289,241,420.42, reflecting a growth of approximately 15.4%[111]. - Current liabilities totaled CNY 1,464,221,275.46, an increase of 22.1% from CNY 1,199,139,540.37[111]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 76,443[95]. - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 63.55% of the shares, totaling 642,884,262 shares[95]. - The second-largest shareholder, Shanjin Capital Management Co., Ltd., holds 1.02% of the shares, totaling 10,300,000 shares[95]. - The total number of shares before the change is 1,011,660,000, with no changes in restricted shares[93]. - The proportion of unrestricted shares is 100%, with 1,011,660,000 shares remaining unchanged[93]. Corporate Governance and Compliance - The company has not distributed cash dividends or bonus shares for the half-year period[64]. - The half-year financial report has not been audited, indicating a lack of external validation for the reported figures[66]. - The company has no significant litigation or arbitration matters during the reporting period[69]. - There are no penalties or rectification situations reported for the company during the reporting period[70]. - The company did not implement any stock incentive plans or employee shareholding plans during the reporting period[71]. Future Outlook and Strategy - The company plans to focus on residential real estate development, emphasizing product quality and project branding[26]. - The company plans to continue expanding its market presence and is focused on the development of new products and technologies[40]. - The company forecasts a cumulative net profit for the year to be between 36,000 million CNY and 40,000 million CNY, indicating a year-on-year increase of 140.63% to 167.36%[57]. - The company faces risks from macroeconomic conditions, real estate policy changes, and limited land reserves due to major asset restructuring[59]. - The company plans to enhance its core development capabilities and management levels while increasing marketing efforts to stabilize its fundamentals[59]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[150]. - The accounting policies include revenue recognition and significant accounting estimates related to management judgments[149]. - The company uses the historical cost basis for accounting, except for certain financial instruments and investment properties[149]. - The company assesses control over subsidiaries based on the ability to influence returns through participation in relevant activities[159]. - The company recognizes other comprehensive income for the difference between disposal proceeds and the net asset share of the subsidiary prior to losing control[163].

Financial Performance - The company's operating revenue for Q1 2018 was ¥149,537,691.65, a decrease of 45.03% compared to ¥272,038,375.78 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥5,982,684.72, representing a decline of 117.28% from a profit of ¥34,621,550.04 in the previous year[8]. - The net cash flow from operating activities increased by 778.12%, amounting to ¥205,338,536.04, compared to a negative cash flow of ¥30,280,598.74 in the same period last year[8]. - The company's weighted average return on net assets was -0.21%, down from 1.30% in the previous year[8]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,172,583,928.46, reflecting a 4.60% increase from ¥3,989,263,981.96 at the end of the previous year[8]. - The company's sales expenses increased by 255.89%, primarily due to higher sales commissions and promotional expenses for the Cui Lin Yuan project[15]. - The financial expenses decreased by 74.45%, attributed to a reduction in bank loans and interest expenses[15]. - The prepayments for value-added tax and land appreciation tax increased, contributing to a 295.30% rise in other current assets[15]. - The amount of pre-receivable accounts increased by 97.31%, driven by higher sales of housing and advance project payments[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 76,443[11]. - The company expects a cumulative net profit for the period from the beginning of the year to the next reporting period to be between 280 million and 330 million yuan, representing an increase of 104.08% to 140.52% compared to the same period last year[21]. - The basic earnings per share are projected to be between 0.2768 and 0.3262 yuan, indicating a growth of 104.13% to 140.56% year-on-year[21]. Project and Restructuring Updates - The significant increase in revenue is attributed to the planned handover of the Cuilinyuan project in June, leading to a substantial rise in real estate sales recognition[21]. - The company has been actively progressing with its major asset restructuring, with updates provided to investors through various communications[17][25]. - The stock has been suspended since September 14, 2016, due to the planning of significant matters, with multiple announcements made regarding the status of the restructuring[16][19]. - The company has applied for an extension of the stock suspension to ensure the smooth progress of the major asset restructuring and to protect the interests of minority shareholders[17]. Compliance and Governance - There are no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[20]. - The company has not engaged in any securities or derivative investments during the reporting period[22][23]. - There were no violations regarding external guarantees during the reporting period[26]. - The company has not reported any non-operating fund occupation by the controlling shareholder or related parties[27].