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].

Financial Performance - The company's operating revenue for 2017 was CNY 1,345,912,605.09, a decrease of 42.78% compared to CNY 2,352,023,528.43 in 2016[18]. - The net profit attributable to shareholders for 2017 was CNY 184,988,512.42, down 40.63% from CNY 311,567,386.94 in the previous year[18]. - Basic earnings per share for 2017 were CNY 0.1829, a decrease of 40.62% from CNY 0.3080 in 2016[18]. - The company reported a significant decline in both revenue and profit, indicating challenges in the real estate market[18]. - The company achieved a total revenue of CNY 1.345 billion, a year-on-year decrease of 42.78%[32]. - The net profit attributable to shareholders was CNY 184.99 million, down 40.63% compared to the previous year[32]. - The gross profit margin for the real estate sector was 51.33%, reflecting a significant decline of 54.87% in revenue and 60.84% in costs compared to the previous year[39]. - The company reported a net profit of -5.57 million for New Peak Enterprises, primarily due to exchange rate fluctuations[61]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 17,801,139.64, a decline of 103.38% compared to CNY 526,691,326.20 in 2016[18]. - The company reported a net cash flow from operating activities of CNY 182.85 million in Q4, a significant recovery from negative cash flows in previous quarters[1]. - Operating cash inflow for 2017 decreased by 38.17% to CNY 1,455,861,556.49 compared to CNY 2,354,513,956.22 in 2016[49]. - The cash and cash equivalents net decrease was CNY 58,978,234.11, marking a 161.43% decline from an increase of CNY 96,010,984.21 in 2016[49]. - The ending balance of cash and cash equivalents was CNY 1,206,789,056.46, down from CNY 1,265,767,290.57, representing a decrease of 4.6% year-over-year[179]. Assets and Liabilities - Total assets at the end of 2017 were CNY 3,989,263,981.96, an increase of 5.38% from CNY 3,785,600,783.23 at the end of 2016[18]. - The asset-liability ratio stood at 32.32%, a decrease of 1.22 percentage points from the previous year[32]. - The company's total assets decreased by CNY 7.56 million, a reduction of 20.18% in equity assets due to the transfer of 100% equity in a subsidiary[28]. - Total liabilities rose slightly to CNY 1,289,241,420.42 from CNY 1,269,633,913.35, an increase of 1.4%[174]. Shareholder and Dividend Information - The company plans not to distribute cash dividends or issue bonus shares for the year[6]. - The company did not distribute any cash dividends in 2017, with a net profit of approximately CNY 184.99 million attributable to ordinary shareholders[71]. - The company has been recognized as "Guangdong Province's Best Integrity Enterprise" for six consecutive years, indicating strong brand reputation[29]. - The company plans to retain undistributed profits primarily for ongoing project development and land reserve acquisition to ensure sustainable operations and growth[71]. Business Operations and Strategy - The company has not made any changes to its main business since its listing, maintaining its focus on real estate development[17]. - The company is actively pursuing a major asset restructuring, with ongoing negotiations and due diligence processes[34]. - The company is focusing on enhancing project management capabilities and improving financial management to increase capital efficiency[36]. - The company plans to enhance project construction quality and marketing efforts for ongoing projects, including the Cuilin Garden and Tianyue Bay, in 2018[62]. Governance and Compliance - The company has not engaged in any major asset or equity acquisitions or disposals during the reporting period, reflecting a conservative approach to capital management[86]. - The company has not faced any penalties or corrective actions during the reporting period, indicating compliance with regulations[83]. - The company has not engaged in any significant related party transactions during the reporting period, ensuring transparency in operations[85]. - The company received a standard unqualified opinion from the auditing firm, reflecting a true and fair view of its financial status[145]. Employee and Management Information - The total number of employees in the company is 1,912, with 1,306 in production, 75 in sales, and 415 in technical roles[126]. - The total pre-tax remuneration for the board of directors and senior management during the reporting period amounts to CNY 720.25 million[126]. - The company employs a performance-based salary system for most employees, while senior management operates on an annual salary system[128]. - The company has established a training plan to enhance employees' professional skills and knowledge through various training methods[129].

Financial Performance - Operating revenue for the reporting period was ¥233,287,425.63, a decrease of 63.92% year-on-year[8]. - Net profit attributable to shareholders was ¥12,356,333.26, down 87.90% compared to the same period last year[8]. - Basic earnings per share decreased by 87.91% to ¥0.0122[8]. - Operating revenue for the first nine months was ¥964,594,407.66, a decrease of 44.71% compared to ¥1,744,462,098.00 in the same period last year, primarily due to a reduction in real estate sales and construction volume[15]. - The company expects a cumulative net profit for the year to be between ¥16,000,000 and ¥21,800,000, representing a decline of 48.64% to 30.02% compared to the previous year's profit of ¥31,150,000[21]. - Basic earnings per share are projected to decrease by 48.64% to 30.03%, from ¥0.3080 in the previous year to a range of ¥0.1582 to ¥0.2155[21]. Assets and Shareholder Information - Total assets at the end of the reporting period reached ¥3,820,236,889.03, an increase of 0.91% compared to the end of the previous year[8]. - Net assets attributable to shareholders increased by 5.77% to ¥2,796,350,633.17 compared to the previous year[8]. - 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]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥200,649,011.12, a decline of 136.41%[8]. - The net cash flow from operating activities was -¥200,649,011.12, a 136.41% decrease from ¥551,101,766.41 in the previous year, mainly due to a reduction in cash received from sales[15]. - The company reported a significant increase in net cash flow from investing activities, rising by 6193.31% to ¥8,643,770.86, primarily due to the receipt of advance payments from a subsidiary[15]. Accounts Receivable - Accounts receivable increased by 53.07% to ¥165,767,740.97 from ¥108,298,050.40, mainly due to receivables from property sales and project payments[15]. Asset Restructuring - The company is currently undergoing a major asset restructuring, which has led to its stock being suspended since September 14, 2016, with ongoing due diligence and audit processes[18]. - The company has committed to disclosing updates on the asset restructuring at least every five trading days during the suspension period[18]. Compliance and Governance - The company has no reported violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[25][26].

Financial Performance - The company's operating revenue for the first half of 2017 was ¥731,306,982.03, a decrease of 33.39% compared to ¥1,097,886,969.68 in the same period last year[17]. - Net profit attributable to shareholders was ¥137,226,601.84, representing a slight increase of 1.83% from ¥134,761,121.51 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥137,080,046.11, up 7.66% from ¥127,321,586.10 year-on-year[17]. - The net cash flow from operating activities was negative at -¥97,700,697.19, a decline of 122.93% compared to ¥426,167,980.76 in the same period last year[17]. - The company achieved operating revenue of 731 million RMB, a decrease of 33.39% year-on-year, while total profit increased by 1.86% to 184 million RMB, and net profit attributable to shareholders rose by 1.83% to 137 million RMB[33]. - The company reported a significant reduction in sales costs, which were ¥494.95 million, down 39.35% from ¥816.03 million in the previous year, attributed to decreased sales volume[47]. - The company expects cumulative net profit for the year to be between CNY 13,000,000 and CNY 15,000,000, a decrease of 36.67% to 45.12% compared to the previous year[60]. - Basic earnings per share are projected to decline to between CNY 0.1285 and CNY 0.1483, down 36.66% to 45.11% year-on-year[60]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,795,348,770.68, an increase of 0.26% from ¥3,785,600,783.23 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 5.24% to ¥2,782,523,104.61 from ¥2,643,860,443.09 at the end of the previous year[17]. - Cash and cash equivalents decreased to CNY 1,164,343,471.84, accounting for 30.68% of total assets, down from 33.56% in the previous year, a decrease of 2.88%[52]. - Accounts receivable increased to CNY 183,877,575.95, representing 4.84% of total assets, up from 3.55% last year, an increase of 1.29%[52]. - Inventory decreased to CNY 1,765,951,891.14, making up 46.53% of total assets, slightly up from 45.38% year-on-year, an increase of 1.15%[52]. - Long-term borrowings decreased significantly to CNY 114,000,000.00, representing 3.00% of total assets, down from 7.27% last year, a decrease of 4.27%[52]. - The total liabilities decreased to RMB 1,140,130,717.02 from RMB 1,269,633,913.35, a reduction of about 10.2%[113]. Real Estate Development - The company focused on residential real estate development, with significant projects in Shenzhen and Shantou, including the completion of major construction phases[27]. - The company has ongoing major real estate projects including Shenhui Cuilinyuan and Tianju Jingtian Apartment in Shenzhen, and Shantou Tianyue Bay, with a total investment of approximately 730 million RMB for these projects[34]. - The real estate segment generated 395 million RMB in revenue, with a gross margin of 49.90%, despite a 25.63% decrease in revenue year-on-year[39]. - The company has made significant progress in project construction, with key projects like Shenhui Cuilinyuan and Tianju Jingtian Apartment advancing as planned[36]. - The company has adjusted its marketing strategies in response to policy and market changes, achieving sales that align with initial expectations for major projects[40]. - The company reported that the sales of major real estate projects totaled 395 million RMB, with a gross profit of 197 million RMB[41]. Financial Management and Strategy - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[5]. - The company continues to enhance its development management system and strengthen cost control measures to improve operational efficiency[35]. - The company is focusing on enhancing financial management and internal controls to mitigate financial risks and improve operational efficiency[45]. - The company plans to enhance project development and management capabilities, aiming to complete the construction of the Tianyue Bay Phase I project by the end of the year[45]. - The company is actively pursuing major asset restructuring in compliance with regulatory requirements[45]. - The company has been under a trading suspension for over 11 months since September 14, 2016, due to a significant asset restructuring involving large-scale assets and complex transaction structures, leading to considerable uncertainty[62]. - The company has maintained good communication with regulatory authorities and investors regarding the asset restructuring progress[63]. - The company has been actively conducting audits, evaluations, and legal work related to the restructuring during the suspension period[62]. Shareholder Information - The company has a total of 1,011,660,000 shares, with 100% being unrestricted shares[95]. - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 63.55% of the shares, totaling 642,884,262 shares[97]. - The company has 76,442 total common stock shareholders at the end of the reporting period[97]. Regulatory Compliance and Reporting - The financial report for the first half of 2017 was not audited[109]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[82]. - There were no significant guarantees during the reporting period[86]. - The company did not engage in any other significant contracts during the reporting period[87]. - The company has not disclosed any other necessary information as required by regulatory authorities[96]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[146]. - The company recognizes revenue based on specific accounting policies tailored to its real estate development activities[148]. - The company’s financial statements reflect a true and complete view of its financial position as of June 30, 2017[149]. - The company’s main currency for accounting is Renminbi, while its overseas subsidiary in the U.S. uses USD[152]. - The company recognizes cash and cash equivalents, including cash on hand and deposits that are readily available for payment[165]. - The company measures inventory at the lower of cost and net realizable value, recognizing impairment when the net realizable value is lower than cost[185].

Financial Performance - The company's operating revenue for Q1 2017 was ¥272,038,375.78, a decrease of 18.20% compared to ¥332,573,819.86 in the same period last year[8] - Net profit attributable to shareholders was ¥34,621,550.04, an increase of 11.19% from ¥31,138,409.00 year-on-year[8] - The net cash flow from operating activities was -¥30,280,598.74, a decline of 123.69% compared to ¥127,807,035.61 in the previous year[8] - Basic earnings per share increased by 11.04% to ¥0.0342 from ¥0.0308 in the same period last year[8] - The company anticipates a cumulative net profit of between 5,500,000 and 7,500,000 CNY for the reporting period, representing a decline of 59.18% to 44.33% compared to the previous year[22] - Basic earnings per share are expected to decrease to between 0.0544 and 0.0741 CNY, down 59.16% to 44.37% year-on-year[22] - The decline in net profit is attributed to reduced sales recognition from real estate projects due to the development and sales cycle[22] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥3,852,659,213.36, up 1.77% from ¥3,785,600,783.23 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 74,625[11] Sales and Costs - The company reported a decrease in sales costs by 21.11% to ¥202,225,900.00, attributed to reduced sales turnover of real estate projects[15] - The company’s pre-receivable accounts increased by 26.77% to ¥41,307,100.00, indicating an increase in sales and advance payments[16] Financial Expenses and Income - The company’s financial expenses decreased by 36.44% to -¥237,500.00, due to increased interest income from agreed deposits[15] - Other comprehensive income after tax increased by 111.19% to ¥482,200.00, primarily due to exchange rate fluctuations[15] Trading Suspension and Restructuring - The company has been in a continuous trading suspension since September 14, 2016, due to a major asset restructuring plan, with the suspension expected to last no more than six months[18] - The company held an investor online briefing on March 10, 2017, to discuss the major asset restructuring and address investor concerns[19] - The company has committed to disclosing progress on the restructuring at least every five trading days during the suspension period[19] - The major asset restructuring remains uncertain, and investors are advised to be aware of the associated risks[19] - The company has applied for an extension of the trading suspension until May 14, 2017, to finalize the restructuring plan[19] Commitments and Investments - No securities or derivative investments were reported during the period[23][24] - There were no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[21]