Business Focus and Strategy - The company reported a significant shift in its main business focus to direct investment, including direct equity investment and comprehensive real estate development[20]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves[5]. - The company’s main business has evolved from petrochemical catalysts to real estate development since 2005[20]. - The company aims to enhance its core competitiveness and achieve annual work goals by optimizing resource allocation and strengthening risk prevention measures[41]. - The company plans to focus on high-quality development and cautiously optimistic expectations for 2023, emphasizing the importance of stability in the real estate market[41]. - The company will continue to promote the development of the "Zhongdi Huaxi Yue" and "Liangjiang Zhongdi Plaza" projects while adjusting the "Zhongdi Suidingfu" project towards small and affordable housing[41]. Financial Performance - The company's operating revenue for 2022 was ¥427,803,109.94, a decrease of 45.48% compared to ¥784,646,414.91 in 2021[22]. - The net profit attributable to shareholders for 2022 was -¥292,817,402.10, an improvement of 22.06% from -¥375,678,097.81 in 2021[22]. - The total assets at the end of 2022 were ¥2,308,113,905.83, a decrease of 20.85% from ¥2,916,220,824.93 at the end of 2021[22]. - The net assets attributable to shareholders decreased by 33.73% to ¥571,797,497.41 at the end of 2022 from ¥862,819,609.79 at the end of 2021[22]. - The basic and diluted earnings per share for 2022 were both -¥0.98, improving by 22.22% from -¥1.26 in 2021[22]. - The weighted average return on equity was -40.82% in 2022, compared to -35.77% in 2021, reflecting a decline of 5.05%[22]. - The company's total revenue for 2022 was approximately RMB 427.80 million, representing a decrease of 45.48% compared to RMB 784.65 million in 2021[44]. - Revenue from the real estate sector accounted for 100% of total revenue, with a year-on-year decline of 44.44% from RMB 770.04 million in 2021[44]. - The gross profit margin for the real estate sector was 3.04%, down 4.83% from the previous year[46]. Cash Flow and Investment Activities - The net cash flow from operating activities was ¥112,751,305.40, down 23.02% from ¥146,470,067.36 in 2021[22]. - The total cash outflow from investment activities increased by 2,638.37% to ¥555,889.50 in 2022 compared to ¥20,300.00 in 2021[57]. - The net cash flow generated from investment activities decreased by 74.93% to ¥36,051,062.84 from ¥143,815,742.01 in the previous year[57]. - Cash inflow from financing activities rose by 48.13% to ¥69,250,000.00, while cash outflow decreased by 24.42% to ¥272,125,524.95[58]. - The net cash flow from financing activities improved by 35.25% to -¥202,875,524.95 from -¥313,316,337.35 in 2021[58]. Debt and Financing - The company extended the loan term for China-US Hengzhiye to May 2024 and reduced the annual interest rate to 8.5%, lowering financing costs and debt pressure[36]. - The total financing balance at the end of the period was 637.53 million yuan, with bank loans accounting for 459.53 million yuan at an average cost of 8.5%[40]. - The company has made progress in debt resolution through active communication with banks and financial institutions, reducing short-term debt pressure[34]. - The company provided guarantees for stage mortgage loans amounting to approximately RMB 745.15 million as of the end of the reporting period[42]. - The company provided joint liability guarantees for a total of 5 billion in common debt, with specific allocations of 2.17 billion for Dazhou Mianshi and 2.83 billion for Sichuan Fuchang and Huiri Central Expansion[154]. Shareholder and Governance - The company’s major shareholder, Guangdong Runhong Fuchuang Technology Center, holds 23.77% of the total shares as of November 30, 2021[21]. - The company held six shareholder meetings in 2022, ensuring compliance with regulations and protecting the rights of minority investors through online voting[82]. - The board of directors is composed in accordance with legal requirements, and decision-making processes are conducted per the company's articles of association[82]. - The company has established a comprehensive performance evaluation and incentive mechanism for all employees, enhancing work motivation[84]. - The company has been actively engaging in related party transactions, including interest-free financial support from its controlling shareholder[87]. Internal Control and Compliance - The internal control system was updated to comply with regulatory requirements, ensuring no significant risk events occurred in 2022[114]. - The internal control audit report also confirmed that the company maintained effective internal controls as of December 31, 2022, with a standard unqualified opinion issued[118]. - The company received a warning letter from the Beijing Securities Regulatory Bureau, emphasizing the need to strengthen compliance with corporate governance and information disclosure regulations[162]. - There were no significant defects identified in the financial reporting internal control, with zero instances of major or important defects reported[117]. Real Estate Market and Projects - The real estate industry in 2022 saw a shift towards supportive policies aimed at stabilizing the market, with a focus on ensuring project delivery and supporting demand[33]. - The company achieved a settlement area of 60,263.64 square meters and a settlement amount of 374.19 million yuan for the "Zhongdi Huaxi Yue" project[36]. - The "Zhongdi Suidingfu" project realized a settlement area of 8,887.97 square meters and a settlement amount of 47.88 million yuan during the reporting period[39]. - The area of real estate sold in 2022 was 6.93 million square meters, a decrease of 37.45% compared to 11.08 million square meters in 2021[47]. Management and Executive Changes - The company has experienced changes in its board of directors, with several resignations and new appointments in 2022[89]. - The company announced the resignation of several key executives, including the chairman and general manager, due to personal reasons[90]. - The current chairman, Wu Jun, is also acting as the general manager and board secretary, overseeing multiple companies[92]. - The company has appointed a new financial director, Guo Siye, in December 2022[94]. - The company is actively managing its executive turnover to ensure continuity in leadership and operations[91]. Audit and Financial Reporting - The audit opinion for the financial statements was a standard unqualified opinion issued on April 28, 2023[185]. - The audit identified key audit matters, including revenue recognition for real estate sales and the assessment of the net realizable value of inventory[189]. - The company’s management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and for maintaining effective internal controls[192].

Financial Performance - The company's operating revenue for Q1 2023 was ¥762,086.25, a decrease of 97.31% compared to ¥28,349,937.28 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥25,646,434.11, an improvement of 33.78% from a loss of ¥38,730,567.72 in the previous year[5] - The net cash flow from operating activities was a negative ¥25,682,906.46, a decline of 155.58% compared to a positive cash flow of ¥46,212,483.78 in the same period last year[5] - The basic earnings per share were -¥0.09, an improvement of 30.77% from -¥0.13 in the same period last year[5] - Total operating revenue for Q1 2023 was CNY 762,086.25, a significant decrease of 97.3% compared to CNY 28,349,937.28 in the same period last year[20] - Net loss for Q1 2023 was CNY 25,646,434.11, an improvement of 33.7% compared to a net loss of CNY 38,730,567.72 in Q1 2022[21] - Earnings per share for Q1 2023 was CNY -0.09, an improvement from CNY -0.13 in Q1 2022[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,293,158,014.11, a decrease of 0.65% from ¥2,308,113,905.83 at the end of the previous year[5] - The equity attributable to shareholders decreased by 4.41% to ¥546,581,471.64 from ¥571,797,497.41 at the end of the previous year[5] - The total current liabilities increased to CNY 1,259,373,826.18 from CNY 1,249,143,318.47, reflecting an increase of about 0.1%[17] - Total liabilities increased to CNY 1,746,576,542.47 from CNY 1,736,316,408.42 at the beginning of the year[18] - The total assets of Beijing Zhongdi Investment Co., Ltd. as of March 31, 2023, amounted to CNY 2,293,158,014.11, a decrease from CNY 2,308,113,905.83 at the beginning of the year[15] Cash Flow - The cash flow from financing activities showed a positive net amount of ¥5,431,497.92, a 107.92% increase compared to a negative cash flow of -¥68,591,119.39 in the same period last year[8] - Cash inflow from operating activities was CNY 10,213,714.19, down 94.0% from CNY 168,997,862.85 in the previous year[23] - Cash outflow for purchasing goods and services was CNY 26,243,061.82, compared to CNY 92,692,636.81 in the same period last year[23] - The net cash flow from investment activities was -20,293.00, compared to 2,760.00 in the previous period[24] - Cash inflow from financing activities totaled 15,210,000.00, down from 21,860,000.00 in the previous period[24] - Cash outflow for financing activities was 9,778,502.08, significantly reduced from 90,451,119.39 in the previous period[24] - The net increase in cash and cash equivalents was -20,273,739.24, compared to -22,377,621.89 in the previous period[24] - The ending balance of cash and cash equivalents was 16,183,501.95, down from 68,141,149.86 in the previous period[24] Shareholder Information - The company had a total of 19,655 ordinary shareholders at the end of the reporting period[10] - The largest shareholder, Guangdong Runhong Fuchuang Technology Center, held 23.77% of the shares, amounting to 71,144,800 shares[10] Other Information - The company reported a significant decrease in sales expenses, which were ¥1,146,092.40, down 88.28% from ¥9,778,250.29 in the previous year[8] - The company received financial assistance from a related party, Sichuan Saiyin Enterprise Management Co., Ltd., amounting to no more than CNY 10 million, with an interest rate of 4.015%[12] - The company modified its internal control systems, including the Articles of Association, to ensure compliance with legal requirements[12] - The company did not undergo an audit for the first quarter report[25]

Financial Performance - The company's operating revenue for Q3 2022 was CNY 12,091,952.69, a decrease of 19.90% compared to the same period last year[5]. - Year-to-date, the operating revenue increased by 687.56% to CNY 418,220,884.53, primarily due to revenue recognition from the Zhongdi Huaxi project[8]. - Total operating revenue for Q3 2022 reached ¥418,220,884.53, a significant increase from ¥53,103,657.66 in the same period last year, representing a growth of approximately 687.5%[19]. - The net profit attributable to shareholders was CNY -33,536,045.87, a decline of 1.36% year-on-year[5]. - The net profit for Q3 2022 was a loss of ¥96,852,618.43, an improvement from a loss of ¥117,266,669.97 in Q3 2021, reflecting a reduction in losses of approximately 17.9%[20]. - The company reported a 295.65% decrease in investment income year-to-date, primarily due to a decline in profits from the invested company Kangping Tieke[8]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 115.09% year-to-date, amounting to CNY 103,739,538.48, attributed to better sales collection from real estate projects[9]. - Cash flow from operating activities generated a net cash inflow of ¥103,739,538.48, compared to ¥48,231,717.74 in the previous year, marking an increase of about 115.5%[22]. - Cash and cash equivalents at the end of Q3 2022 totaled ¥28,564,319.11, down from ¥71,430,788.24 at the end of Q3 2021, a decrease of approximately 60%[23]. - The company received cash inflows from financing activities amounting to ¥55,280,000.00, up from ¥24,500,000.00 in Q3 2021, representing an increase of approximately 125.5%[23]. - The company reported a total cash outflow from financing activities of ¥165,904,072.06, compared to an outflow of ¥234,061,573.84 in the same period last year, indicating a decrease in cash outflow of about 29.2%[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,660,913,297.08, down 8.75% from the end of the previous year[5]. - As of September 30, 2022, the total assets of Beijing Zhongdi Investment Co., Ltd. amounted to CNY 2,660,913,297.08, a decrease from CNY 2,916,220,824.93 at the beginning of the year, representing a decline of approximately 8.7%[14][17]. - The company's total liabilities decreased from CNY 2,053,401,215.14 to CNY 1,893,863,513.41, reflecting a reduction of about 7.8%[17]. - The cash and cash equivalents dropped significantly from CNY 113,709,319.73 to CNY 54,707,618.82, indicating a decline of approximately 52.1%[15]. - The inventory decreased from CNY 2,491,436,585.02 to CNY 2,289,523,897.26, which is a reduction of about 8.1%[15][16]. - The accounts payable increased from CNY 396,477,815.77 to CNY 426,261,446.53, representing an increase of approximately 7.5%[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,608[10]. - The largest shareholder, Guangdong Runhong Fuchuang Technology Center, held 23.77% of the shares, totaling 71,144,800 shares[10]. Equity and Retained Earnings - The company's equity attributable to shareholders decreased by 11.10% to CNY 767,049,783.67 compared to the previous year-end[5]. - The company's retained earnings decreased from CNY 384,460,379.81 to CNY 287,607,761.38, a decline of about 25.2%[17]. - The total owner's equity decreased from CNY 862,819,609.79 to CNY 767,049,783.67, a decline of about 11.1%[17]. - The weighted average return on equity was -4.28%, a decrease of 1.37% year-on-year[5]. Other Financial Metrics - The long-term equity investments decreased from CNY 103,081,895.10 to CNY 94,824,984.69, reflecting a decrease of approximately 7.9%[15]. - The company reported a significant increase in other receivables from CNY 52,420,629.08 to CNY 55,778,470.98, which is an increase of approximately 6.8%[15].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 406,128,931.84, representing a 968.57% increase compared to CNY 38,006,866.16 in the same period last year[21]. - The net profit attributable to shareholders was a loss of CNY 63,316,572.56, an improvement of 24.78% from a loss of CNY 84,180,531.25 in the previous year[21]. - The net cash flow from operating activities increased by 186.98% to CNY 86,219,895.41, compared to CNY 30,043,707.22 in the same period last year[21]. - The total profit for the period was -63.17 million yuan, a decrease of 24.78% compared to the same period last year[30]. - The basic and diluted earnings per share improved to CNY -0.21 from CNY -0.28, reflecting a 25.00% increase[21]. - The gross profit margin for real estate development decreased to 3.52%, down by 11.44% from the previous year[46]. - The company reported a net investment loss of ¥4,207,008.06, accounting for 6.49% of total profit, primarily due to equity method accounting for investments in Kangping Tieke[48]. Assets and Liabilities - Total assets decreased by 9.80% to CNY 2,630,570,331.35 from CNY 2,916,220,824.93 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 7.28% to CNY 799,989,002.33 from CNY 862,819,609.79 at the end of the previous year[21]. - The company's total liabilities amounted to 1.831 billion yuan, with a debt-to-asset ratio of 69.59%[65]. - The total owner's equity decreased from CNY 862,819,609.79 to CNY 799,989,002.33, a decline of about 7.3%[137]. - The company's cash and cash equivalents decreased to ¥63,750,312.34, down from ¥113,709,319.73, a reduction of 1.48% in total assets proportion[50]. - Long-term borrowings increased to ¥173,000,000.00, which is 6.58% of total assets, up from 4.46% the previous year[51]. Debt Management - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has implemented measures to reduce debt pressure, including extending loan terms and lowering interest rates to 11.5%[31]. - A debt resolution plan has been implemented, including a repayment of 500 million yuan to Sichuan Trust and extending loan terms by two years to 2024[85]. - The loan interest rate has been reduced from 12.5% to 11.5% as part of the debt restructuring efforts[85]. - The company aims to reduce debt pressure by negotiating with financial institutions for debt restructuring and interest rate reductions[38]. Project Development - The company is actively working on the resumption of the "Liangjiang Zhongdi Plaza" project, engaging with banks and contractors for funding and construction[31]. - The company plans to accelerate project development and sales, focusing on the "Zhongdi Huaxi Yue" residential project and the "Liangjiang Zhongdi Plaza" commercial project[37]. - The company aims to ensure partial delivery of the "Zhongdi Huaxi Yue" residential project in the near future[85]. - The company is considering the overall sale of the "Mianshi Xidiwan" project to recover funds and reduce liabilities[172]. Corporate Governance - The company has improved its corporate governance structure, completing the re-election of the board of directors and supervisory board[31]. - The company completed the re-election of the board of directors and supervisory board members in June 2022, and is expediting the selection of a new CFO[86]. - The company has committed to maintaining its independence and avoiding related party transactions[79]. - The company has not engaged in any related party transactions concerning daily operations during the reporting period[93]. Market and Strategic Focus - The company is conducting in-depth research on new business directions in the fields of new energy and new materials[32]. - The company plans to focus on the new energy and new materials industries, aligning with national policies for sustainable development[172]. - The real estate business model includes the development and sale of commercial housing, with plans to accelerate development and phased disposal of projects[85]. - The company continues to explore market expansion opportunities through acquisitions and partnerships[114]. Financial Reporting and Compliance - The financial report for the first half of 2022 was not audited[133]. - The company's financial statements comply with the accounting standards set by the Ministry of Finance, reflecting the company's financial status as of June 30, 2022[177]. - The company has not reported any changes in accounting policies or prior period error corrections during the current reporting period[160].

Financial Performance - The company's operating revenue for Q1 2022 was ¥28,349,937.28, representing a 128.53% increase compared to ¥12,405,283.58 in the same period last year[4] - The net profit attributable to shareholders was -¥38,730,567.72, a decrease of 3.87% from -¥37,286,212.42 year-on-year[4] - The company's basic earnings per share were -¥0.13, a decline of 8.33% compared to -¥0.12 in the same period last year[4] - The net profit for the current period was a loss of ¥38,730,567.72, compared to a loss of ¥37,286,212.42 in the previous period, reflecting a deterioration in performance[24] - The basic and diluted earnings per share were both reported at -0.13, compared to -0.12 in the previous period[24] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥46,212,483.78, a 243.86% increase from -¥32,124,226.14 in the previous year[4] - Cash flow from operating activities generated a net inflow of ¥46,212,483.78, a significant improvement from a net outflow of ¥32,124,226.14 in the previous period[27] - Cash and cash equivalents at the end of the quarter were RMB 91,791,349.20, down from RMB 113,709,319.73 at the beginning of the year, showing a reduction in liquidity[18] - Cash and cash equivalents at the end of the period totaled ¥68,141,149.86, down from ¥87,055,772.98 at the end of the previous period[28] - The company experienced a net cash decrease of ¥22,377,621.89 during the period, compared to a decrease of ¥26,533,853.54 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,976,910,257.27, up 2.08% from ¥2,916,220,824.93 at the end of the previous year[4] - The company's total liabilities reached RMB 2,152,715,605.66, up from RMB 2,053,401,215.14 at the start of the year, indicating a growth in financial obligations[20] - The total equity attributable to shareholders decreased to RMB 824,194,651.61 from RMB 862,819,609.79, reflecting a decline in shareholder value[20] - The company reported a significant increase in contract liabilities, which rose to RMB 560,997,076.93 from RMB 435,174,848.42, indicating growth in customer commitments[19] - Inventory levels rose to RMB 2,561,293,573.67 from RMB 2,491,436,585.02, indicating an increase in stock on hand[18] Expenses - Total operating costs amounted to ¥64,315,943.35, up from ¥42,377,721.59, indicating an increase of about 51.8%[23] - Sales expenses surged by 337.73% to ¥9,778,250.29, driven by improved cash collection in the real estate sector and increased marketing expenditures[10] - The company reported a significant reduction in management expenses by 47.31% to ¥5,136,376.74, reflecting cost-cutting measures[10] Corporate Changes - The company has undergone a change in control, with Guangdong Runhong Fuchuang Technology Center becoming the new controlling shareholder as of January 14, 2022[15] Reporting and Audit - The company did not conduct an audit for the first quarter report[29] - The report was released by the Board of Directors on April 27, 2022[30]

Financial Performance - The company's operating revenue for 2021 was ¥784,646,414.91, representing a significant increase of 638.85% compared to ¥106,197,699.50 in 2020[19]. - The net profit attributable to shareholders for 2021 was -¥375,678,097.81, a decrease of 25.58% from -¥299,164,835.56 in 2020[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥345,229,941.08, an 8.17% increase in loss compared to -¥319,160,423.16 in 2020[19]. - The basic earnings per share for 2021 was -1.26 CNY, a decrease of 26.00% compared to 2020[20]. - The total assets at the end of 2021 were 2,916,220,824.93 CNY, down 24.88% from the end of 2020[20]. - The net profit attributable to shareholders for 2021 was -258,411,427.84 CNY in Q4, contributing to a total net profit of -30,448,156.73 CNY for the year[24][25]. - The weighted average return on equity for 2021 was -35.77%, a decline of 14.37% from 2020[20]. - The company reported a gross profit margin of 7.87% in the real estate sector, down 8.89% from the previous year[45]. - The company reported a net profit of -306,254,727.21 CNY for the year 2020, indicating significant financial challenges[132]. Cash Flow and Financing - The net cash flow from operating activities was ¥146,470,067.36, a turnaround from -¥74,367,482.11 in 2020, marking a 296.95% improvement[19]. - The company reported a net cash flow from operating activities of 98,238,349.62 CNY in Q4 2021[24]. - Operating cash inflow totaled CNY 445,561,322.94, a slight decrease of 0.76% year-on-year[54]. - The net cash flow from financing activities decreased by 93.21% to CNY 46,750,000.00, as the company did not obtain new loans from financial institutions[56]. - The company has a total financing balance of 907,028,453.00 RMB, with bank loans accounting for 599,528,453.00 RMB at an interest rate of 7.105% to 9%[37]. - The company intends to negotiate with banks and financial institutions for debt restructuring to alleviate financial pressure, including seeking debt extensions and lower interest rates[38]. Business Strategy and Operations - The main business focus has shifted to direct investment, including equity investment and comprehensive real estate development[18]. - The company plans to restructure its business model to address high financing costs and ensure timely project advancement[32]. - The company aims to accelerate project development while addressing high financing costs and ensuring safety and quality in construction[38]. - The company plans to focus on the development of the "Liangjiang Zhongdi Plaza" commercial project and ensure partial delivery of the "Zhongdi Huaxi Yue" residential project in 2022[38]. - The company is considering the overall sale of the "Mianshi Xidiwan" project to recover funds and reduce liabilities[38]. - The company has undertaken a guarantee for stage mortgage loans for homebuyers, with a total guarantee amount of approximately 81,106.89 million RMB[38]. - The company is actively managing its real estate project development to improve operational efficiency and revenue generation[132]. Shareholder and Governance - The company’s major shareholder changed to Guangdong Runhong Fuchuang Technology Center (Limited Partnership), holding 71,144,800 shares, or 23.77% of the total shares[18]. - The company’s board of directors and management have confirmed the accuracy and completeness of the financial report[3]. - The company has established a performance evaluation and incentive mechanism to enhance employee motivation and clarify responsibilities[83]. - The company maintains complete independence from its controlling shareholder in personnel, assets, finance, and operations[84]. - The company has a complete and independent business system, ensuring no confusion with the controlling shareholder's operations[85]. - The company held three shareholder meetings in 2021, ensuring compliance with legal requirements and protecting minority investors' rights[81]. Internal Control and Compliance - The internal control system is well-established, covering governance, investment, human resources, financial management, and risk management, with no major risk events reported in 2021[112]. - The internal control evaluation report indicates that 100% of the company's assets and revenue were included in the evaluation scope[114]. - The company maintained effective internal control over financial reporting as of December 31, 2021, according to the internal control audit report[118]. - The company has not faced any penalties from regulatory authorities in the past three years, suggesting compliance with financial regulations[93]. - The company has not reported any violations regarding external guarantees during the reporting period[131]. Market Environment and Challenges - The company faced significant challenges in the real estate market due to regulatory policies, impacting its financing and project execution[31][32]. - The company plans to focus on the new energy and new materials industries, aligning with national policies for sustainable development and carbon emission reduction[75]. - The company maintains a strategy of "focusing on Sichuan and Chongqing, deeply cultivating Southwest" amidst a complex real estate market environment[33]. Employee and Management Structure - The total number of employees at the end of the reporting period is 108, with 22 in the parent company and 86 in major subsidiaries[105]. - The professional composition includes 25 production personnel, 20 sales personnel, 25 technical personnel, 18 financial personnel, and 20 administrative personnel[106]. - Several key management personnel, including the financial director, resigned during the year for personal reasons, indicating potential instability in leadership[89]. - The current board includes individuals with diverse backgrounds, such as independent directors with experience in various industries, which could enhance governance and decision-making[91]. Legal and Regulatory Matters - The company reported a litigation case involving a claim amount of 117.87 million yuan, which is currently in the enforcement stage[145]. - The company has no significant asset or equity disposals during the reporting period[71]. - The company has not engaged in any securities or derivative investments during the reporting period[68][69].

Financial Performance - The company's operating revenue for Q3 2021 was ¥15,096,791.50, a decrease of 54.39% compared to the same period last year[4] - The net profit attributable to shareholders was -¥33,086,138.72, representing a decline of 41.89% year-over-year[4] - The company reported a 43.07% decrease in operating revenue year-to-date, primarily due to reduced revenue recognition from real estate projects[9] - Total operating revenue for Q3 2021 was CNY 53,103,657.66, a decrease of 43% compared to CNY 93,271,463.79 in Q3 2020[21] - Net profit for Q3 2021 was a loss of CNY 117,266,669.97, compared to a loss of CNY 30,937,988.90 in Q3 2020, indicating a significant decline in profitability[22] - Basic and diluted earnings per share were both reported at CNY -0.39, compared to CNY -0.10 in the previous year[22] Cash Flow and Liquidity - The net cash flow from operating activities increased by 285.04% year-to-date, totaling ¥48,231,717.74[4] - The net cash flow from operating activities was CNY 48,231,717.74, a recovery from a negative cash flow of CNY -26,065,907.49 in the same period last year[25] - Cash inflows from operating activities totaled CNY 265,772,429.12, down from CNY 428,858,580.29 in the previous year[25] - The net cash flow from investment activities was ¥143,705,742.01, a significant improvement compared to the previous period's net cash flow of -¥46,168,797.94[26] - Total cash inflow from financing activities was ¥24,500,000.00, down from ¥687,263,897.00 in the previous period, indicating a decrease of approximately 96.4%[26] - The net cash flow from financing activities was -¥234,061,573.84, worsening from -¥96,959,353.33 in the previous period[26] - The cash and cash equivalents at the end of the period totaled ¥71,430,788.24, down from ¥170,239,516.52 at the end of the previous period, representing a decrease of approximately 58.1%[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,756,891,429.03, a decrease of 3.22% from the previous year[4] - The company's total assets as of September 30, 2021, amount to RMB 3,756,891,429.03, a decrease from RMB 3,882,019,069.94 at the end of 2020[18] - The total current assets decreased from RMB 3,727,289,688.69 to RMB 3,576,709,134.74[17] - The company's cash and cash equivalents decreased from RMB 132,480,369.19 to RMB 92,514,468.27[17] - The total current liabilities increased from RMB 1,831,527,764.05 to RMB 2,009,149,515.01[18] - The total liabilities decreased slightly to CNY 2,635,663,780.78 from CNY 2,643,776,696.93 at the end of 2020[21] - The total equity attributable to shareholders of the parent company decreased to CNY 1,121,227,648.25 from CNY 1,249,191,673.41, reflecting a decline of approximately 10%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,864[12] - Chengdu Zhongdi Chanquan Investment Group Co., Ltd. holds 23.77% of shares, totaling 71,144,800 shares, which are frozen[12] - The company’s controlling shareholder's 71,144,800 shares, representing 23.77% of the total share capital, were subject to judicial auction[14] Financial Adjustments and Restructuring - The company is in the process of a major asset restructuring, involving the disposal of 100% equity in Chongqing Zhongmei Heng Real Estate Co., Ltd. and Dazhou Mianshi Real Estate Development Co., Ltd.[14] - The company provided a pledge guarantee for a loan of up to RMB 30 million by pledging 30 million shares of Qingdao Kangping High-speed Rail Technology Co., Ltd., which represents 18.32% of its total share capital[15] - The company implemented a new leasing standard starting January 1, 2021, which resulted in adjustments to the financial statements[30] Financial Expenses - Financial expenses increased by 222.67% year-to-date, mainly due to higher interest expenses on borrowings[9] - The company reported a significant increase in financial expenses, which rose to CNY 60,837,165.69 from CNY 18,854,077.33, primarily due to increased interest expenses[21] Other Financial Metrics - The company completed the sale of all held-for-sale assets, resulting in a 100% decrease in such assets compared to the beginning of the year[9] - The company experienced a 60,059.46% increase in non-operating expenses year-to-date, primarily due to increased penalty payments[9] - The company’s long-term payables decreased by 100% as they were reclassified to current liabilities[9] - The company’s long-term equity investments increased from RMB 99,830,527.37 to RMB 101,800,116.49[18] - The company recorded an investment income of CNY 2,695,961.42, a turnaround from a loss of CNY -603,824.94 in the same period last year[21] Audit Information - The company did not conduct an audit for the third quarter report[32]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥38,006,866.16, a decrease of 36.84% compared to ¥60,174,928.82 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥84,180,531.25, representing a significant decline of 1,305.16% from -¥5,990,797.20 in the previous year[18]. - The basic and diluted earnings per share were both -¥0.28, reflecting a decrease of 1,300.00% from -¥0.02 in the same period last year[18]. - The operating profit was RMB -51.84 million, representing a decline of 421.94% year-on-year[32]. - The total profit amounted to RMB -83.79 million, a decrease of 739.60% compared to the previous year[32]. - The net profit attributable to the parent company was RMB -84.18 million, which is a decline of 1,305.16% year-on-year[32]. - The company reported a net loss for the first half of 2021 of ¥84,180,531.25, compared to a net loss of ¥7,147,900.66 in the first half of 2020, representing an increase in loss of 1,078.5%[140]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥30,043,707.22, a 139.32% increase compared to -¥76,400,854.94 in the same period last year[18]. - The net cash flow from investing activities increased by 409.88% to ¥143,566,194.01, primarily due to the receipt from the disposal of project funds[34]. - The net cash flow from financing activities decreased by 1,195.50% to -¥170,537,780.21, mainly due to the repayment of various financing amounts[34]. - The company's cash and cash equivalents increased by 102.24% to -¥135,772,773.10, influenced by the aforementioned factors[34]. - The company's cash and cash equivalents at the end of the first half of 2021 amounted to ¥116,627,549.58, up from ¥203,738,710.39 at the end of the first half of 2020[146]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,719,287,560.20, down 4.19% from ¥3,882,019,069.94 at the end of the previous year[18]. - The total liabilities decreased to CNY 2,564,973,773.23 from CNY 2,643,776,696.93, representing a reduction of about 3%[131]. - The company's total equity as of June 30, 2021, was CNY 1,154,313,786.97, down from CNY 1,238,242,373.01, indicating a decrease of approximately 6.8%[131]. - The company's long-term equity investments increased slightly to CNY 100,700,248.41 from CNY 99,830,527.37, showing a growth of approximately 0.87%[129]. - The total amount of other receivables decreased to ¥56,559,679.92 from ¥183,801,460.59[128]. Investment and Projects - The company plans to sell 100% equity of Chongqing Zhongmei Heng Real Estate Co., Ltd. and Dazhou Mianshi Real Estate Development Co., Ltd. through public listing, constituting a major asset restructuring[26]. - The company is actively working on the development of the "Zhongdi·Huaxi Yue" project, ensuring construction progress despite facing funding difficulties[28]. - The company aims to restructure and divest certain real estate projects to alleviate financial pressure and maintain operational sustainability[31]. - The company reported a cumulative investment of CNY 3.46 billion in various real estate projects, with a current period investment of CNY 95.12 million[52]. - The company is planning a major asset restructuring to divest from certain real estate businesses to alleviate interest pressure and focus on sustainable investment projects[80]. Shareholder and Control Issues - As of August 4, 2021, the controlling shareholder's 71,144,800 shares, accounting for 23.77% of the total share capital, are set for judicial auction, potentially leading to a change in actual control[27]. - The controlling shareholder's 71,144,800 shares, representing 23.77% of the total shares, have been judicially frozen due to debt issues[85]. - The actual controller of the company is under investigation for suspected illegal activities, which may impact the company's operations[86]. - The company announced a potential change in actual control due to the judicial auction of shares held by the controlling shareholder[106]. Risk Management and Future Outlook - The report indicates that the company has detailed risk factors in the management discussion and analysis section[4]. - The company has not made any commitments regarding future plans or development strategies, highlighting the importance of investor caution regarding investment risks[4]. - The company is currently under delisting risk warning and is working on divesting certain real estate projects while ensuring the timely completion of retained projects to mitigate this risk[59]. - The company aims to enhance its internal control management to provide a stable environment for achieving its strategic planning[59]. - The management team aims to reduce operational costs and improve profitability through comprehensive budget management and cost control measures[173]. Legal and Compliance Matters - There are ongoing litigation matters, including a rental contract dispute with a claim amount of 15.08 million yuan, which has been settled[82]. - The company reported a litigation amount of 1,537.36 million yuan related to a construction contract dispute, which has been settled through mediation[83]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[69]. - The company has not reported any overdue or uncollectible amounts from entrusted financial management[103]. Corporate Governance - The company has completed the election of its tenth board of directors and supervisory board, with new members appointed[104]. - The company has not engaged in any significant related party transactions during the reporting period[89]. - The company has not reported any changes in accounting policies or prior period error corrections during the first half of 2021[151].

Financial Performance - The company's net profit for 2020, after deducting non-recurring gains and losses, was negative, with total operating revenue below 100 million yuan [4]. - The company's operating revenue for 2020 was ¥106,197,699.50, a decrease of 80.62% compared to ¥547,908,255.05 in 2019 [18]. - The net profit attributable to shareholders for 2020 was -¥299,164,835.56, representing a decline of 1,124.16% from ¥29,210,658.07 in 2019 [18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥319,160,423.16, down 1,232.45% from ¥28,183,298.32 in 2019 [18]. - The net cash flow from operating activities for 2020 was -¥74,367,482.11, an improvement of 16.58% compared to -¥89,152,280.59 in 2019 [18]. - The total assets at the end of 2020 were ¥3,882,019,069.94, a decrease of 7.62% from ¥4,202,210,104.80 at the end of 2019 [18]. - The net assets attributable to shareholders at the end of 2020 were ¥1,249,191,673.41, down 19.14% from ¥1,544,809,700.19 at the end of 2019 [18]. - The basic earnings per share for 2020 was -¥1.00, compared to ¥0.10 in 2019, reflecting a decline of 1,100.00% [18]. - The weighted average return on net assets for 2020 was -21.40%, a decrease of 23.31% from 1.91% in 2019 [18]. - The company reported a significant loss of CNY 299,164,835.56 in 2020, indicating a challenging financial environment [86]. - The company is at risk of being delisted due to financial indicators that trigger mandatory delisting warnings as per the Shenzhen Stock Exchange regulations [92]. Business Strategy and Operations - The main business during the reporting period was direct investment, with real estate investment being one of the key areas [4]. - The company decided to phase out existing real estate investment projects and will no longer acquire new real estate development projects as of November 2020 [16]. - The company plans to adjust its future development strategy by maintaining and gradually disposing of real estate investment projects in response to market conditions [28]. - The company aims to enhance its core competitiveness by optimizing resource allocation and promoting new business initiatives [30]. - The company plans to focus on controlling development costs and adjusting sales strategies to improve project sales levels during the relatively stable period of the pandemic [39]. - The company plans to continue promoting real estate investment projects in 2021 despite strict macro-control policies, aiming to improve the revenue levels of unsold projects [79]. - The company will explore new investment projects aligned with national "14th Five-Year Plan" policies to achieve sustainable development [80]. - The company aims to reduce operational costs and improve profitability by strengthening budget management and controlling expenses [94]. Governance and Compliance - All directors attended the board meeting to review the annual report, ensuring governance compliance [4]. - The company has received an unqualified audit report with a paragraph on significant uncertainties regarding its ability to continue as a going concern [4]. - The board of directors has evaluated the company's ability to continue as a going concern and believes that strategic adjustments can improve operational conditions and reduce losses [94]. - The company has maintained its commitment to ensure the independence of the listed company and reduce related party transactions [88]. - The company engaged in 26 investor communications throughout 2020, focusing on operational performance and stock price trends [83]. - The company has established a robust governance structure with clear roles for its board members and management team [168]. - The independent directors participated in all board meetings and did not raise any objections during the reporting period [182]. Real Estate Market Conditions - The real estate market in 2020 was characterized by a tightening of policies, with a focus on stabilizing land prices and housing prices, impacting the company's project completion and sales [35]. - The company experienced a decrease in equity assets compared to the previous year, primarily due to a reduction in equity investments [29]. - In 2020, the company faced challenges in its real estate investment due to policy adjustments and market changes, leading to unsatisfactory performance in this sector [33]. - Revenue from real estate sales amounted to 82,321,630.87 yuan, accounting for 77.52% of the total operating revenue for 2020 [198]. Financial Management and Risks - The company has a total bank loan balance of RMB 609.53 million, with an average financing cost ranging from 7.105% to 9% [38]. - The company provided guarantees for stage mortgage loans totaling RMB 673.46 million, representing 53.91% of the latest audited net assets [39]. - The company has ongoing real estate projects with total investments of approximately 3.37 billion yuan, with some projects partially completed and delivered [68]. - The company reported a total of 4,673,110 shares held by major shareholder Huang Chaojiang, with 2,896,610 shares held through a margin account and 1,776,500 shares through a regular account [152]. - The actual controller of the company, Mr. Li Qin, is under investigation for suspected illegal activities, and his shares (23.77% of total shares) are frozen due to related debt issues [106]. - The company has applied for a total of CNY 800 million in merger and development loans, guaranteed by its actual controller and related parties [112]. Shareholder Structure and Changes - The total number of shares is 299,265,522, with 97.57% being unrestricted shares (292,002,672) and 2.43% being restricted shares (7,262,850) [148]. - The largest shareholder, Chengdu Zhongdi Chanquan Investment Group Co., Ltd., holds 23.77% of the shares, totaling 71,144,800 shares, which are currently frozen [150]. - The second-largest shareholder, Beijing Yanhua Joint Development Co., Ltd., holds 4.55% of the shares, totaling 13,613,503 shares, which are also frozen [150]. - The company has not engaged in any share repurchase activities during the reporting period [149]. - The company has not disclosed any plans for market expansion or mergers and acquisitions in the current report [149]. Personnel and Management - The total number of employees in the company is 179, with 29 in the parent company and 150 in major subsidiaries [170]. - The company has a diverse management team with backgrounds in finance, law, and engineering, enhancing its operational capabilities [165]. - The company reported a total compensation of 5.6702 million yuan for directors, supervisors, and senior management during the reporting period [168]. - The company established a performance evaluation and incentive mechanism for all employees, enhancing work motivation [177]. Audit and Internal Controls - The company maintained effective internal controls over financial reporting as of December 31, 2020, according to the internal control audit report [190]. - There were no significant deficiencies or material weaknesses identified in the internal control audit report [190]. - The audit opinion issued was a standard unqualified opinion with a paragraph on going concern uncertainty [194]. - The financial report was prepared in accordance with accounting standards and fairly reflects the financial position as of December 31, 2020 [194].

Financial Performance - The company's operating revenue for Q1 2021 was ¥12,405,283.58, a decrease of 17.07% compared to ¥14,958,567.55 in the same period last year[7] - The net profit attributable to shareholders was -¥37,286,212.42, representing a decline of 112.67% from -¥17,532,505.59 year-on-year[7] - The basic and diluted earnings per share were both -¥0.12, reflecting a 100% decrease from -¥0.06 in the same period last year[7] - The operating profit was RMB -30.96 million, down 63.51% year-on-year[16] - The total profit amounted to RMB -40.39 million, representing a decline of 113.14% compared to the previous year[16] - The net profit attributable to the parent company was RMB -37.29 million, a decrease of 112.67% year-on-year[16] - The net profit for the first quarter of 2021 was -37,286,212.42 CNY, compared to -17,992,521.87 CNY in the same period last year, representing an increase in net loss of approximately 106.8%[45] - The total profit for the first quarter was -40,394,674.01 CNY, which is a significant increase from -18,952,304.11 CNY year-over-year, indicating a rise in total loss of about 113.0%[45] Cash Flow - The net cash flow from operating activities improved by 48.84%, amounting to -¥32,124,226.14 compared to -¥62,788,342.27 in the previous year[7] - The net cash flow from operating activities was RMB -32.12 million, an increase of 48.84% compared to the same period last year[16] - The cash inflow from operating activities totaled 14,999,905.57 CNY, a decrease from 149,275,033.39 CNY in the previous year, representing a decline of about 90.0%[51] - The cash inflow from operating activities was 947,620.09 CNY, a sharp decline from 160,110,367.26 CNY in the previous period[55] - The company reported a cash flow net decrease of -26,533,853.54 CNY, compared to -100,115,238.71 CNY in the previous period[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,850,075,741.20, a decrease of 0.82% from ¥3,882,019,069.94 at the end of the previous year[7] - The total current liabilities were reported at approximately CNY 872.66 million, slightly increasing from CNY 869.89 million at the end of 2020[34] - Total liabilities as of March 31, 2021, were CNY 2,649,064,279.23, slightly up from CNY 2,643,776,696.93 at the end of 2020[36] - Owner's equity decreased to CNY 1,201,011,461.97 from CNY 1,238,242,373.01 at the end of 2020[36] - The company's cash and cash equivalents decreased to approximately CNY 107.12 million from CNY 132.48 million as of December 31, 2020, representing a decline of about 19%[33] Shareholder Information - The total number of common shareholders at the end of the reporting period was 25,502[11] - The largest shareholder, Chengdu Zhongdi Chanquan Investment Group Co., Ltd., held 23.77% of the shares, totaling 71,144,800 shares[11] Investments and Acquisitions - The company acquired a 20% stake in Chengdu Qingjin Decoration Engineering Co., Ltd. for RMB 481,000, making it a wholly-owned subsidiary[17] - The company plans to invest RMB 30 million in Chengdu Hechen Yingjia Mining Partnership within 12 months[19] Financial Adjustments and Standards - The company has adjusted its financial statements due to the implementation of new leasing standards, affecting the total assets by 11,084,462.15 CNY[60] - The company adopted new leasing standards effective January 1, 2021, resulting in adjustments to financial statement items[64] Management and Communication - The company conducted multiple investor communications regarding its operational status and stock performance throughout the reporting period[29] - The first quarter report for 2021 was not audited, indicating preliminary financial data[65] - The company’s chairman is Zhang Xiaocheng, who presented the first quarter report on April 28, 2021[66]