Financial Performance - The company's operating revenue for the first half of 2020 was ¥60,174,928.82, representing a 209.35% increase compared to ¥19,451,888.50 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥5,990,797.20, an improvement of 89.96% from a loss of ¥59,644,243.34 in the previous year[18]. - The basic and diluted earnings per share were both -¥0.02, reflecting a 90.00% improvement from -¥0.20 in the same period last year[18]. - The company's net profit for the reporting period amounted to CNY 9,687,834.84, with a significant contribution from the recovery of receivables in the real estate sector[23]. - The company reported a net loss for the first half of 2020 of CNY 7,147,900.66, compared to a net loss of CNY 60,853,459.83 in the first half of 2019, indicating an improvement of approximately 88.2%[152]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥76,400,854.94, a decline of 556.12% compared to a positive cash flow of ¥16,749,995.74 in the same period last year[18]. - Cash and cash equivalents decreased significantly by 1,225.22% to -¥135,772,773.10 from -¥10,245,315.75, reflecting the cumulative impact of the aforementioned factors[39]. - The cash flow from operating activities showed a net outflow of CNY 76.40 million, a significant decline from a net inflow of CNY 16.75 million in the same period last year[157]. - Cash and cash equivalents at the end of the first half of 2020 totaled CNY 203.74 million, down from CNY 164.13 million at the end of the same period in 2019[159]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,636,755,290.54, an increase of 10.34% from ¥4,202,210,104.80 at the end of the previous year[18]. - The company's total liabilities as of June 30, 2020, were CNY 3,098,334,275.38, compared to CNY 2,661,259,813.36 at the end of 2019, indicating a significant increase in liabilities[144]. - Long-term borrowings rose to CNY 812,993,099.46 from CNY 534,149,556.00, marking an increase of approximately 52.1%[143]. - The total equity attributable to shareholders was CNY 1,542,813,970.40 as of June 30, 2020, slightly down from CNY 1,544,809,700.19 at the end of 2019[144]. Investment Activities - The company completed the acquisition of 100% equity in the Huiri Central Expansion project, enhancing its real estate investment portfolio in Chengdu[32]. - The company reported an investment amount of ¥691,183,333.33 during the reporting period, marking a 100% increase compared to the previous year[53]. - The company made an investment payment of ¥175,183,333.33 during the first half of 2020, indicating a focus on growth and expansion[161]. Operational Challenges and Responses - The company faced delays in real estate project development due to the COVID-19 pandemic but has resumed construction and sales activities[32]. - The company has increased its online sales efforts to mitigate the impact of the pandemic on its real estate sales[32]. - The company is actively monitoring the pandemic situation to mitigate potential impacts on project progress[72]. Risk Management - The company has disclosed various risk factors in the report, which investors should consider[5]. - The company is focused on macroeconomic policies and industry regulations to ensure stable business development[72]. - The company is actively managing its litigation risks and has taken steps to resolve disputes amicably[81]. Shareholder Information - The total number of shares outstanding is 299,265,522, with 2.43% being restricted shares and 97.57% being unrestricted shares[121]. - The largest shareholder, Chengdu Zhongdi Chanyin Investment Group Co., Ltd., holds 71,144,800 shares, representing 23.77% of total shares, and has pledged these shares[123]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[125]. Corporate Governance - The company’s actual controller is Li Qin, ensuring a clear governance structure[183]. - The financial statements reflect the company's financial position and operating results as of June 30, 2020, in accordance with the relevant accounting standards[188]. - The company prepares financial statements based on the going concern assumption and adheres to the accounting standards issued by the Ministry of Finance[185].

Financial Performance - Operating revenue for the current period reached CNY 33,096,534.97, a significant increase of 1,038.87% year-on-year[7] - The company reported a significant increase in operating revenue of 317.17% for the year-to-date period[7] - The company achieved operating revenue of RMB 93.27 million, an increase of 317.17% year-on-year[16] - Total revenue for Q3 2020 reached ¥33,096,534.97, a significant increase from ¥2,906,092.34 in Q3 2019, representing an increase of approximately 1031.5%[46] - The total operating revenue for the third quarter was CNY 93,271,463.79, a significant increase from CNY 22,357,980.84 in the same period last year, representing a growth of approximately 318.5%[54] Profitability - Net profit attributable to shareholders was CNY -23,318,086.91, a decrease of 21.83% compared to the same period last year[7] - The net profit for the year-to-date period was CNY -29,308,884.11, an increase of 62.80% compared to the same period last year[7] - The company reported a net profit attributable to shareholders of RMB -29.31 million, an improvement of 62.80% year-on-year[18] - The net profit for the third quarter was a loss of CNY 3,768,474.14, worsening from a loss of CNY 1,870,838.15 in the same quarter last year[52] - The comprehensive income totalled a loss of CNY 30,937,988.90, compared to a loss of CNY 80,725,815.05 in the previous year, showing an improvement of approximately 61.7%[56] Earnings Per Share - Basic earnings per share were CNY -0.08, reflecting a decline of 33.33% year-on-year[7] - The basic and diluted earnings per share for Q3 2020 were both -0.08, compared to -0.06 in Q3 2019[49] - Basic and diluted earnings per share were both reported at -0.10, compared to -0.26 in the same quarter last year[57] Cash Flow - Net cash flow from operating activities improved by 171.47% to CNY 50,334,947.45[7] - The net cash flow from operating activities was RMB -26.07 million, an increase of 51.44% year-on-year, mainly due to reduced expenditures on real estate development projects[18] - The cash flow from operating activities showed a net outflow of CNY 26,065,907.49, an improvement from the previous period's outflow of CNY 53,679,846.25[62] - Total cash inflow from operating activities reached ¥670,097,432.45, compared to ¥19,502,827.18 in the same period last year, indicating a substantial increase[65] - Cash outflow from operating activities was ¥555,651,791.18, up from ¥34,007,389.72 in the previous year, reflecting increased operational expenses[65] Assets and Liabilities - Total assets increased by 10.50% to CNY 4,643,448,351.07 compared to the end of the previous year[7] - The company's total assets amounted to ¥4,643,448,351.07, an increase from ¥4,202,210,104.80 at the end of 2019[36][39] - Total liabilities rose to ¥3,128,280,169.36 from ¥2,661,259,813.36, indicating an increase of approximately 17.6%[38] - The company's total liabilities increased to ¥363,773,188.43 from ¥104,489,439.66, showing a rise of about 248.5%[44] - The total liabilities amounted to ¥2,661,259,813.36, with current liabilities at ¥1,774,575,363.45 as of the reporting date[70] Expenses - Operating costs amounted to RMB 60.99 million, up 274.70% year-on-year, primarily due to increased sales from real estate projects and financing leasing business[16] - Sales expenses decreased by 48.69% year-on-year to RMB 23.49 million, mainly due to reduced marketing activities from the impact of COVID-19[16] - Management expenses decreased by 28.99% year-on-year to RMB 28.66 million, also influenced by COVID-19 related cost reductions[16] - Financial expenses increased by 33.61% year-on-year to RMB 18.85 million, primarily due to increased interest expenses[17] - The financial expenses for the quarter were CNY 18,854,077.33, an increase from CNY 14,111,053.84 in the previous year, reflecting a rise of about 33.5%[54] Investment Performance - Investment losses amounted to ¥1,664,795.61 in Q3 2020, compared to a gain of ¥2,733,127.98 in Q3 2019, reflecting a negative swing of approximately 161.0%[46] - The investment loss for the current period was CNY -1,569,835.89, compared to a gain of CNY 5,713,243.23 in the previous period, indicating a substantial decline in investment performance[58] - The company reported a credit impairment loss of CNY 10,340,729.99, compared to a loss of CNY 778,761.90 in the previous year, indicating a substantial increase in credit risk[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,508[11] - The company's equity attributable to shareholders decreased to ¥1,520,033,138.28 from ¥1,544,809,700.19, a decline of about 1.6%[39] - The total owner's equity increased by CNY 4,492,653.15, from CNY 1,540,950,291.44 to CNY 1,545,442,944.59[71] Miscellaneous - The company did not conduct any repurchase transactions during the reporting period[13] - The company engaged in multiple investor communications, discussing operational performance and stock price trends throughout the quarter[32] - The company has not yet audited the third-quarter report, indicating that the figures are subject to further verification[78] - The company has implemented new revenue and leasing standards starting in 2020, which may affect future financial reporting[78]

Financial Performance - Operating revenue for the period reached CNY 33,096,534.97, a significant increase of 1,038.87% year-on-year[7] - Net profit attributable to shareholders was CNY -23,318,086.91, a decrease of 21.83% compared to the same period last year[7] - Basic earnings per share were CNY -0.08, reflecting a decline of 33.33% year-on-year[7] - The weighted average return on net assets was -1.52%, a decrease of 0.20% compared to the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -23,310,071.54, down 21.32% year-on-year[7] - The net profit for the year-to-date period was CNY -29,308,884.11, an increase of 62.80% compared to the same period last year[7] - The company reported a net profit attributable to the parent company of RMB -29.31 million, an improvement of 62.80% year-on-year[18] - The company reported a net loss of CNY 30,937,988.90 for the year-to-date period, compared to a loss of CNY 80,725,815.05 in the same period last year, showing an improvement in overall losses[57] Cash Flow - Net cash flow from operating activities improved by 171.47% to CNY 50,334,947.45[7] - The net cash flow from operating activities was RMB -26.07 million, an increase of 51.44% year-on-year, mainly due to reduced expenditures on real estate development projects[18] - The cash flow from operating activities showed a net outflow of CNY 26,065,907.49, an improvement from a net outflow of CNY 53,679,846.25 in the same period last year[63] - Total cash inflow from operating activities was CNY 670,097,432.45, compared to CNY 19,502,827.18 in the previous year, indicating a substantial increase[67] - Cash outflow from operating activities totaled CNY 555,651,791.18, up from CNY 34,007,389.72 in the prior year[67] Assets and Liabilities - Total assets increased by 10.50% to CNY 4,643,448,351.07 compared to the end of the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 26,508[11] - The company's cash and cash equivalents decreased to CNY 187,427,694.62 from CNY 351,553,640.58, reflecting a decline of about 46.4%[36][40] - The total current liabilities decreased slightly to CNY 1,767,243,567.94 from CNY 1,774,575,363.45, indicating a reduction of approximately 0.4%[39][40] - The long-term borrowings increased significantly to CNY 1,295,228,453.00 from CNY 534,149,556.00, marking an increase of approximately 142.7%[39][40] - The total equity attributable to the parent company decreased to CNY 1,520,033,138.28 from CNY 1,544,809,700.19, a decline of approximately 1.6%[40] Expenses - Operating costs amounted to RMB 60.99 million, up 274.70% year-on-year, primarily due to increased sales revenue from real estate projects and financing leasing business[16] - Sales expenses decreased by 48.69% year-on-year to RMB 23.49 million, mainly due to reduced marketing activities impacted by the COVID-19 pandemic[16] - Management expenses decreased by 28.99% year-on-year to RMB 28.66 million, also influenced by the COVID-19 pandemic[16] - Financial expenses increased by 33.61% year-on-year to RMB 18.85 million, primarily due to increased interest expenses[17] - Financial expenses for Q3 2020 were CNY 13,317,791.71, significantly higher than CNY 2,396,489.88 in the same period last year, an increase of approximately 455.5%[47] Investments - The company reported non-recurring gains totaling CNY 9,679,819.47 for the year-to-date period[9] - The company reported an investment loss of CNY 1,664,795.61 in Q3 2020, compared to a gain of CNY 2,733,127.98 in Q3 2019, indicating a negative swing of approximately 161.0%[47] - The investment income for the year-to-date period was a loss of CNY 603,824.94, down from a profit of CNY 5,779,156.92 in the previous year[55] Shareholder and Management Activities - The company engaged in multiple investor communications discussing operational performance and strategic direction throughout the quarter[32] - The company has not reported any expected inability to recover principal from entrusted financial management, indicating a stable financial management approach[29] - The company did not engage in any repurchase transactions during the reporting period[13] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[31] Adjustments and Standards - The company adjusted its financial statements for the first time under new revenue and leasing standards, impacting the balance sheet[69] - The company has implemented new revenue and leasing standards starting in 2020, affecting prior comparative data[80]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥60,174,928.82, representing a 209.35% increase compared to ¥19,451,888.50 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥5,990,797.20, an improvement of 89.96% from a loss of ¥59,644,243.34 in the previous year[18]. - The basic and diluted earnings per share were both -¥0.02, reflecting a 90.00% improvement from -¥0.20 in the same period last year[18]. - The company reported an operating profit of CNY -9.93 million, an increase of 85.74% year-on-year[37]. - The total profit amounted to CNY -9.98 million, reflecting an increase of 85.63% compared to the previous year[37]. - The net profit attributable to the parent company was CNY -5.99 million, which is an increase of 89.96% year-on-year[37]. - The company reported a net cash flow from operating activities of -76,400,854.94 yuan, a significant decline compared to 16,749,995.74 yuan in the same period of 2019, indicating a negative performance shift[160]. - The total comprehensive income for the first half of 2020 was a loss of ¥7,147,900.66, compared to a loss of ¥60,853,459.83 in the first half of 2019, showing a substantial improvement[155]. Cash Flow and Liquidity - The net cash flow from investment activities was -46,329,237.94 yuan in the first half of 2020, contrasting with a positive net cash flow of 14,434,447.33 yuan in the same period of 2019[162]. - Cash and cash equivalents decreased significantly by 1,225.22% to -¥135,772,773.10 from -¥10,245,315.75, reflecting the overall impact of the aforementioned factors[39]. - The ending balance of cash and cash equivalents as of June 30, 2020, was 203,738,710.39 yuan, compared to 164,132,154.40 yuan at the end of the first half of 2019[162]. - The company’s cash and cash equivalents decreased from 351,553,640.58 CNY at the end of 2019 to 218,978,290.01 CNY by June 30, 2020, representing a decline of approximately 37.7%[143]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,636,755,290.54, an increase of 10.34% from ¥4,202,210,104.80 at the end of the previous year[18]. - Total liabilities increased to CNY 3,098,334,275.38 from CNY 2,661,259,813.36, representing a growth of approximately 16.4%[146]. - Long-term borrowings increased by 12.38% to 812,993,099.46 CNY, accounting for 17.53% of total assets, primarily due to increased bank and trust borrowings[48]. - The company's total equity decreased slightly to CNY 1,538,421,015.16 from CNY 1,540,950,291.44, a decline of approximately 0.8%[146]. Investments and Acquisitions - The company completed the acquisition of Sichuan Huiri Central Expansion Real Estate Co., Ltd. for 691,183,333.33 CNY, holding a 100% stake[56]. - The company completed the acquisition of the Huiri Central Expansion project and is actively promoting its subsequent development, while also advancing real estate investment projects in Chongqing and Dazhou, Sichuan[26]. - The company has established a clear long-term development plan focusing on real estate and equity investments, supported by a professional management team[28]. - The company terminated the proposed acquisition of 100% equity in Shandong Yuda Health Technology Co., Ltd. due to failure to reach consensus on core transaction terms[30]. Operational Challenges and Strategies - The company is focusing on online sales to mitigate the impact of COVID-19 on its real estate projects, which have resumed development and construction[32]. - The company is actively resuming project development and sales following disruptions caused by the COVID-19 pandemic[36]. - The company has disclosed various risk factors in the report, which investors should consider[5]. - The report emphasizes that forward-looking statements do not constitute a commitment to investors, highlighting the importance of investment risk awareness[5]. Legal and Regulatory Matters - The company reported a significant lawsuit involving a claim of 117.87 million yuan, which is currently in the enforcement stage[81]. - The company is actively managing litigation risks, with several cases currently in mediation or enforcement stages[81]. - The company has maintained transparency in its legal matters by regularly updating stakeholders through official disclosures[82]. - The company has confirmed that there were no bankruptcy reorganization matters during the reporting period[80]. Shareholder and Equity Information - The company’s total shares amount to 299,265,522, with 97.57% being unrestricted shares[122]. - The total number of common shareholders at the end of the reporting period was 30,415[124]. - Chengdu Zhongdi Chanfeng Investment Group Co., Ltd. held 23.77% of shares, totaling 71,144,800 shares, all of which are pledged[124]. - The total equity attributable to the parent company at the end of the reporting period is CNY 1,542,813,970.40, a decrease of CNY 4,392,955.24 compared to the previous period[170]. Management and Governance - The company plans to continue monitoring macroeconomic policies and industry regulations to ensure stable business development[72]. - The company is focused on enhancing internal control management and risk awareness to mitigate investment risks[72]. - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date[187]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2020[189].

Financial Performance - The company reported a total revenue of 298 million in 2019, marking a year-on-year increase of 15%[12] - The net profit attributable to shareholders was 45 million, representing a growth of 10% compared to the previous year[12] - The company's operating revenue for 2019 was ¥547,908,255.05, representing a significant increase of 1,757.78% compared to ¥29,492,663.01 in 2018[18] - The net profit attributable to shareholders for 2019 was ¥29,210,658.07, a turnaround from a loss of ¥60,797,854.14 in 2018, marking an increase of 148.05%[18] - The net profit after deducting non-recurring gains and losses was ¥28,183,298.32, compared to a loss of ¥106,327,926.15 in the previous year, reflecting a 126.51% improvement[18] - The total assets of the company reached 1.2 billion by the end of 2019, an increase of 20% from the previous year[12] - The total assets at the end of 2019 reached ¥4,202,210,104.80, an increase of 41.70% from ¥2,965,561,470.33 at the end of 2018[18] - The company reported a basic earnings per share of ¥0.10 for 2019, compared to a loss of ¥0.20 per share in 2018, indicating a 150.00% increase[18] - The weighted average return on equity for 2019 was 1.91%, recovering from -3.93% in 2018[18] - The company reported non-recurring gains of ¥1,027,359.75 for 2019, compared to ¥45,530,072.01 in 2018[25] Investment Strategy - The company plans to focus on direct investment business, including equity investment and real estate development, as its main operations[16] - The company aims to enhance its market presence through strategic partnerships and acquisitions in the coming years[16] - The company is committed to a long-term development strategy centered on real estate and equity investments, supported by a professional team and internal control systems[32] - The company continues to explore new investment opportunities while managing existing projects prudently[35] - The company aims to enhance its equity investment business by identifying projects with growth potential and investment value[87] Real Estate Development - The company has expanded its real estate investment projects, including developments in Chengdu and Chongqing[16] - The company continued to develop its real estate projects, including the "Liangjiang Zhongdi Plaza" and "Zhongdi Suidingfu" projects, with some properties completed and revenue recognized during the reporting period[29] - The real estate investment business performed well despite a tightening regulatory environment, with a focus on project development and quality control[38] - The company acquired new real estate investment projects in Chengdu, Sichuan, enhancing its overall investment strength[38] - The real estate sector contributed CNY 546.78 million, accounting for 99.79% of total revenue, with a year-on-year growth of 1,854.36%[48] Financial Management - The company has a total of CNY 544.15 million in bank loans with an interest rate range of 7.105% to 9%[43] - The company also has CNY 850 million in trust financing with an interest rate range of 12.4% to 14.5%[43] - The company’s financial expenses increased by 3,141.67% to ¥17,095,826.05, primarily due to increased interest expenses during the reporting period[59] - The company’s monetary funds at the end of 2019 were ¥351,553,640.58, which accounted for 8.37% of total assets, an increase of 2.46% from the beginning of the year[66] - The company has engaged in cash asset management through entrusted financial management during the reporting period[138] Shareholder Returns - No cash dividends or stock bonuses will be distributed to shareholders for the reporting period[5] - The company did not distribute any cash dividends in 2019, despite having a positive profit available for distribution to ordinary shareholders[94] - The company reported a total of 0.00% cash dividend distribution in 2019, indicating no return to shareholders[94] Governance and Compliance - The board of directors has confirmed that all members attended the meeting to review the annual report, ensuring governance compliance[4] - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[4] - The company has committed to maintaining its independence and reducing related party transactions, with ongoing compliance since September 1, 2017[96] - The company has ensured timely fulfillment of information disclosure obligations to protect the rights of shareholders[96] Personnel and Management - The company appointed Lixin Certified Public Accountants as the auditor for the 2019 financial statements, with an audit fee of RMB 1.1 million[105] - The company appointed a new general manager, Jie Bin, following the resignation of the previous general manager, Li Qin[152] - The company appointed Ms. Li Hemei as the new CFO after Mr. Hu Xuyi resigned for personal reasons[153] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 2.9247 million (approximately USD 0.43 million) before tax[195] - The company employed a total of 195 staff, with 162 in major subsidiaries and 33 in the parent company[197] Legal Matters - The company has been involved in litigation with Shenzhen Magus Technology Co., with a claim amount of RMB 8.5 million, which has been adjudicated[107] - The company is also engaged in litigation related to a leasing project with a claim amount of RMB 6.16 million, currently in the enforcement stage[109] - The company has not reported any major lawsuits or arbitration matters that would impact its financial status[111] Future Outlook - The company anticipates that the COVID-19 pandemic will impact project development and sales, depending on the progression of pandemic control measures[45] - The company plans to continue its real estate investment projects despite challenges from strict regulatory policies and the impact of the COVID-19 pandemic[86] - The company emphasized the necessity of maintaining sufficient funds to ensure project recovery post-COVID-19 pandemic[94]

Financial Performance - The company's operating revenue for Q1 2020 was ¥14,958,567.55, representing an increase of 18.46% compared to ¥12,627,281.08 in the same period last year[7] - The net profit attributable to shareholders was -¥17,532,505.59, a 35.97% improvement from -¥27,382,081.47 year-on-year[7] - The basic earnings per share for the period was -¥0.06, an improvement of 33.33% from -¥0.09 in the same period last year[7] - The weighted average return on equity was -1.14%, an improvement of 0.68% from -1.82% year-on-year[7] - The net profit attributable to the parent company was -17.53 million yuan, an increase of 35.97% year-on-year, primarily due to reduced sales expenses amid decreased pre-sale activities caused by the COVID-19 pandemic[15] - Net loss for Q1 2020 was CNY 17,992,521.87, an improvement from a net loss of CNY 27,657,835.63 in Q1 2019, representing a 34.5% reduction in losses[46] - The total comprehensive income for Q1 2020 was a loss of CNY 5,289,022.19, compared to a loss of CNY 2,732,337.46 in the previous year[50] Cash Flow and Liquidity - The net cash flow from operating activities was -¥62,788,342.27, a significant decline of 246.25% compared to ¥42,932,079.10 in the previous year[7] - The company's net cash flow from operating activities was -62.79 million yuan, a decrease of 246.25% year-on-year, mainly due to a decline in pre-sale funds inflow[16] - The company's cash flow from financing activities increased by 251.88% to 73.20 million yuan, mainly due to increased bank loans and trust financing[16] - The cash flow from operating activities showed a net outflow of CNY 62,788,342.27, a significant decline from a net inflow of CNY 42,932,079.10 in the previous year[52] - The company reported cash inflows from investment activities totaling CNY 23,449,753.43, while cash outflows were CNY 134,109,145.22, resulting in a net cash outflow of CNY 110,659,391.79[54] - The net increase in cash and cash equivalents for the first quarter of 2020 was CNY 3,353,460.42, compared to a decrease of CNY 99,317.84 in the same period last year[58] - The cash and cash equivalents at the end of the first quarter of 2020 amounted to CNY 4,135,901.59, up from CNY 2,589,421.70 at the end of the previous year[58] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,303,090,807.14, reflecting a 2.40% increase from ¥4,202,210,104.80 at the end of the previous year[7] - The total assets of Beijing Zhongdi Investment Co., Ltd. amounted to CNY 4,303,090,807.14, an increase from CNY 4,202,210,104.80 as of December 31, 2019, representing a growth of approximately 2.6%[34][37] - The company's total liabilities as of March 31, 2020, were CNY 2,780,133,037.57, compared to CNY 2,661,259,813.36 at the end of 2019, indicating an increase of about 4.5%[36][37] - The total equity attributable to shareholders as of March 31, 2020, was CNY 1,527,277,194.60, down from CNY 1,544,809,700.19 at the end of 2019, reflecting a decrease of approximately 1.1%[37] - The company's cash and cash equivalents decreased to CNY 252,802,970.60 from CNY 351,553,640.58, a decline of about 28.1%[34] - The company's inventory increased slightly to CNY 3,086,960,939.40 from CNY 3,039,709,814.93, representing an increase of approximately 1.6%[34] - The company's long-term equity investments were reported at CNY 155,998,351.26, showing a minor decrease from CNY 156,076,654.01[35] Shareholder Information - The company had a total of 25,666 common shareholders at the end of the reporting period[11] - The largest shareholder, Chengdu Zhongdi Chanquan Investment Group Co., Ltd., held 23.77% of the shares, amounting to 71,144,800 shares[11] Strategic Developments - There were no significant new strategies or product developments mentioned in the report[14] - The company planned to acquire 100% equity of Sichuan Huiriyang Expansion Real Estate Co., Ltd. for 680 million yuan, gaining development rights in Chengdu[18] - The company applied for loans from Zhongrong International Trust Co., Ltd. to support the acquisition and development projects, providing guarantees for the loans[18] - The company’s subsidiary, Qingdao Kangping High-speed Rail Technology Co., Ltd., is in the process of applying for guidance to list on the National Equities Exchange and Quotations[20] - The company plans to sell idle properties to optimize its asset structure[21] Governance and Compliance - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period, reflecting good governance practices[29] - The company had no violations regarding external guarantees, indicating a strong risk management framework[28] - The company reported no derivative investments during the reporting period, indicating a conservative investment strategy[28] Accounting Changes - The company began implementing new revenue and leasing standards from January 1, 2020, which resulted in adjustments to the financial statements[59]

Financial Performance - Operating revenue for the reporting period was ¥2,906,092.34, a decrease of 46.38% year-on-year[7] - Net profit attributable to shareholders was -¥19,139,234.67, a decline of 4,924.45% compared to the same period last year[7] - Basic earnings per share were -¥0.06, representing a decrease of 500.00% year-on-year[7] - The weighted average return on net assets was -1.32%, a decrease of 1.30% compared to the previous year[7] - The net profit for the year-to-date period was -¥78,783,478.01, a decline of 1,145.39% compared to the same period last year[7] - The company reported a net profit attributable to the parent company of -RMB 78.78 million, a decline of 1,145.39% compared to the same period last year[16] - The total comprehensive income attributable to the parent company was -78,783,478.01 CNY, compared to -6,325,987.21 CNY in the same period last year[54] - The net profit for the third quarter was a loss of CNY 19,872,355.22, compared to a loss of CNY 632,259.45 in the same period last year, indicating a significant decline in profitability[45] - The total profit for the quarter was -92,719,255.12 CNY, a decrease from -3,221,526.91 CNY year-over-year[53] Cash Flow - Cash flow from operating activities showed a net outflow of -¥53,679,846.25, an increase of 94.75% in outflow compared to the previous year[7] - The net cash flow from operating activities was -RMB 53.68 million, an increase of 94.75% year-on-year, mainly due to increased cash received from pre-sales of real estate projects[17] - The net cash flow from investment activities was -¥103,311,902.67, a decrease from ¥306,459,268.20 in the previous period, indicating a significant decline in investment returns[61] - The total cash inflow from financing activities was ¥538,900,000.00, compared to ¥675,000,000.00 in the previous period, reflecting a decrease of approximately 20.2%[61] - The net cash flow from financing activities was ¥204,678,972.33, down from ¥276,711,325.93, showing a decline of about 26%[61] - The net increase in cash and cash equivalents was ¥48,088,199.88, contrasting with a decrease of -¥436,563,367.10 in the previous period[61] - Cash inflow from operating activities totaled ¥19,502,827.18, significantly lower than ¥3,752,087,895.38 in the previous period, indicating a decrease of approximately 99.5%[63] - Cash outflow from operating activities was ¥34,007,389.72, down from ¥4,086,966,231.49, reflecting a decrease of about 99.2%[63] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,707,979,861.99, an increase of 25.03% compared to the previous year[7] - The company's total assets reached CNY 2,965,561,470.33, with current assets at CNY 1,036,777,029.47[72] - The total current liabilities increased to CNY 1,316,500,508.17 from CNY 832,856,301.46, reflecting a rise of approximately 58%[35] - The company's inventory as of September 30, 2019, was CNY 2,959,203,009.03, compared to CNY 2,467,429,067.83 at the end of 2018, marking an increase of around 19.9%[33] - The company reported a total non-current liabilities of CNY 956,881,526.60, which is an increase from CNY 617,381,526.60, representing a growth of approximately 55%[35] - Total liabilities amounted to CNY 1,450,237,828.06 as of January 1, 2019, with current liabilities totaling CNY 832,856,301.46[69] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,723[11] - The largest shareholder, Chengdu Zhongdi Chanquan Investment Group Co., Ltd., held 23.77% of the shares, totaling 71,144,800 shares[11] Expenses - Operating costs amounted to RMB 16.28 million, reflecting a year-on-year increase of 6.77% due to increased sales of the Xidiwan project[16] - Sales expenses rose significantly to RMB 45.78 million, a year-on-year increase of 531.95%, attributed to the high number of real estate development projects in the reporting period[16] - Management expenses increased to RMB 40.36 million, up 36.37% year-on-year, also due to the ongoing real estate development projects[16] - Financial expenses reached RMB 14.11 million, a substantial increase of 603.25% year-on-year, primarily due to increased borrowing and interest expenses[16] - Total operating costs increased to CNY 28,562,155.14, up 57.0% from CNY 18,208,152.18 in Q3 2018[43] - The company reported a significant increase in sales expenses to CNY 12,608,518.49, up from CNY 4,475,377.62, an increase of 181.5%[43] Investment Activities - The company has engaged in entrusted wealth management with a total amount of CNY 83,000,000.00, fully sourced from its own funds[26] - There were no securities investments reported during the period[24] - The company has not engaged in any derivative investments during the reporting period[26] - The company has not reported any violations regarding external guarantees during the reporting period[28] Accounting and Compliance - The third quarter report has not been audited[75] - The company has implemented new financial instruments or leasing standards since 2019, but it is not applicable for retrospective adjustments[76] - The company has implemented a change in the impairment method for accounts receivable from "incurred loss" to "expected loss" model[74]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥19,451,888.50, representing a 37.78% increase compared to ¥14,118,026.01 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥59,644,243.34, a decrease of 903.26% from -¥5,945,064.95 in the previous year[18]. - The net cash flow from operating activities was ¥16,749,995.74, a significant improvement from -¥727,883,761.91 in the same period last year, marking a 102.30% increase[18]. - Basic and diluted earnings per share were both -¥0.20, reflecting a 900.00% decrease from -¥0.02 in the same period last year[18]. - The weighted average return on net assets was -4.01%, a decline of 3.63% compared to -0.38% in the previous year[18]. - The company reported an operating profit of RMB -69.64 million, a decline of 1053.38% compared to the same period last year[34]. - The total profit amounted to RMB -69.47 million, down 1331.26% year-on-year[34]. - The net profit attributable to the parent company was RMB -59.64 million, a decrease of 903.26% compared to the previous year[34]. - The company reported a net profit for the first half of 2019 was a loss of CNY 60,853,459.83, worsening from a loss of CNY 5,974,342.87 in the same period of 2018[142]. - The company reported a comprehensive income loss of -59,644,243.34 for the first half of 2019[152]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,201,112,656.67, up 7.94% from ¥2,965,561,470.33 at the end of the previous year[18]. - The company's total liabilities as of June 30, 2019, were CNY 1,746,642,474.23, compared to CNY 1,450,237,828.06 at the end of 2018, indicating a rise in liabilities[133]. - The total equity attributable to shareholders decreased from CNY 1,515,750,114.34 at the end of 2018 to CNY 1,456,105,871.00 as of June 30, 2019[133]. - The company's total equity decreased to CNY 1,385,161,270.11 as of June 30, 2019, down from CNY 1,392,227,716.15 at the end of 2018[138]. - The company's short-term borrowings decreased significantly from CNY 60,000,000.00 at the end of 2018 to CNY 18,800,000.00 as of June 30, 2019[132]. - The accounts payable decreased from CNY 260,315,070.70 at the end of 2018 to CNY 173,474,661.73 as of June 30, 2019, indicating a reduction of approximately 33.4%[132]. Cash Flow - The cash flow from operating activities generated a net inflow of CNY 16,749,995.74 in the first half of 2019, a significant recovery from a net outflow of CNY 727,883,761.91 in the same period of 2018[147]. - The cash flow from financing activities resulted in a net outflow of CNY 41,299,949.53 in the first half of 2019, compared to a net outflow of CNY 74,350,000.00 in the same period of 2018, showing an improvement[148]. - The total cash and cash equivalents at the end of the first half of 2019 were CNY 164,132,154.40, compared to CNY 84,690,895.41 at the end of the first half of 2018[148]. - The company's cash and cash equivalents decreased significantly, impacting liquidity and operational flexibility[138]. Real Estate Projects - The company is focusing on real estate investment projects, including "Two Rivers·Zhongdi Plaza" and "Zhongdi·Shuidingfu" residential projects, which are currently under development[26][31]. - The "Zhongdi·Shuidingfu" project has a saleable area of approximately 53,400 square meters, with pre-sales completed for about 11,800 square meters[31]. - The "Zhongdi·Huaxiyue" project has a saleable area of approximately 93,700 square meters, with pre-sales completed for about 45,900 square meters[32]. - The total investment in real estate projects during the reporting period amounted to RMB 232,735,223.65, with a cumulative actual investment of RMB 2,410,743,744.26 by the end of the reporting period[46]. - The company has seen a significant increase in inventory due to the growth of real estate development project stock[27]. Expenses - Operating costs increased to RMB 13,741,983.16, a rise of 34.27% from RMB 10,234,503.30 in the previous year, primarily due to increased sales from the Xidiwan project[35]. - Sales expenses surged by 1,098.16% to RMB 33,167,226.92, attributed to higher marketing costs related to multiple real estate development projects[35]. - Management expenses rose by 50.86% to RMB 29,941,978.72, also due to the ongoing development of real estate projects[35]. - Financial expenses increased significantly by 1,068.68% to RMB 11,714,563.96, mainly due to increased borrowing and interest expenses[35]. Shareholder Information - The company held several shareholder meetings with participation rates ranging from 25.30% to 27.67%[56]. - The company’s wholly-owned subsidiary, Tibet Zhixuan Venture Capital Management Co., Ltd., subscribed to a trust plan with a total scale of RMB 1.02 billion, taking on the entire risk and reward of the subordinate shares[52]. - The total number of shares decreased from 299,275,522 to 299,265,522 due to the cancellation of 10,000 unvested restricted stocks[109]. - The total number of common shareholders at the end of the reporting period was 25,614[116]. - Chengdu Zhongdi Chanquan Investment Group Co., Ltd. holds 23.77% of shares, totaling 71,144,800 shares, all of which are pledged[116]. Compliance and Governance - The company has committed to maintaining its independence and avoiding competition with its own listed entity, with ongoing compliance since September 2017[58]. - The company has implemented a stock option and restricted stock incentive plan, ensuring that all funds used by participants are from their own resources, with compliance completed since June 2016[59]. - The half-year financial report has not been audited, indicating that the financial data may not have undergone external verification[60]. - The company has not reported any penalties or rectification measures during the reporting period[65]. Legal Matters - The company has ongoing litigation involving Shenzhen Magus Technology with a disputed amount of 8.5 million yuan, which has been ruled in favor of the company, with execution of the judgment still in progress[63]. - Another case involves a claim of 6,161.87 million yuan related to a leasing project, which has been ruled in favor of the company, and enforcement is currently underway[63]. - The company has reported a total of 1,012.13 million yuan in a resolved dispute with Chongqing Lianjia, which has been settled through mediation[64]. - The company has successfully withdrawn from a lawsuit involving an amount of 11.6 million yuan, with the withdrawal application currently being processed[64]. Investment and Financing - The company has signed a trust contract with Sichuan Trust for a total trust plan scale of up to RMB 100 million, aimed at further promoting project development[32]. - The company received financial support from related parties, with a payable amount of RMB 194.4 million at the beginning of the period, and the interest rate was 9.00%, resulting in interest expenses of RMB 4.47 million[72]. - The company’s actual controller and related parties provided guarantees for a trust plan subscription amounting to RMB 400 million, which was later canceled[73]. - The company’s subsidiary extended a factoring business agreement with a financing amount of RMB 60 million, with a guarantee provided by the actual controller[74]. Accounting Policies - The company adheres to the accounting standards, ensuring that financial statements accurately reflect the financial position, operating results, and cash flows for the reporting period[176]. - The company includes all subsidiaries in the consolidated financial statements, ensuring consistent accounting policies across all entities[181]. - The company recognizes the share of losses from subsidiaries exceeding the minority shareholders' equity at the beginning of the period, adjusting the minority interest accordingly[182]. - Cash and cash equivalents are defined as cash on hand and deposits that are readily available for payment, along with short-term investments meeting specific liquidity criteria[187].

Financial Performance - The company's operating revenue for Q1 2019 was ¥12,627,281.08, representing a 129.45% increase compared to ¥5,503,267.69 in the same period last year[7]. - The net profit attributable to shareholders was -¥27,382,081.47, a decrease of 148.56% from -¥11,016,158.41 year-on-year[7]. - The basic earnings per share were -¥0.09, a decline of 125.00% compared to -¥0.04 in the same period last year[7]. - The diluted earnings per share also stood at -¥0.09, reflecting the same percentage decrease of 125.00%[7]. - The weighted average return on equity was -1.82%, down from -0.70% in the previous year, indicating a 1.12% decline[7]. - The net profit for Q1 2019 was a loss of ¥27,657,835.63, compared to a loss of ¥11,036,430.36 in Q1 2018, indicating a deterioration in performance[47]. - Operating profit for the company was reported at -¥30,008,411.95, worsening from -¥11,853,502.94 in the previous year[47]. - The total profit for Q1 2019 was -¥30,267,848.71, compared to -¥10,604,062.17 in Q1 2018, reflecting a significant increase in losses[47]. Cash Flow - The net cash flow from operating activities improved to ¥42,932,079.10, a significant increase from -¥369,190,715.79 in the previous year, marking a 111.63% change[7]. - The total cash inflow from operating activities was CNY 265,874,211.00, an increase of 26.3% compared to CNY 210,396,213.99 in the previous period[53]. - The net cash flow from operating activities was CNY 42,932,079.10, a significant improvement from a net outflow of CNY -369,190,715.79 in the same period last year[53]. - The cash inflow from financing activities was CNY 3,000,000.00, with total cash outflow amounting to CNY 51,194,572.29, resulting in a net cash flow of CNY -48,194,572.29[55]. - The ending cash and cash equivalents balance was CNY 167,550,035.82, down from CNY 455,377,211.35 in the previous period[55]. - The net cash flow from investing activities was RMB -0.95 million, a decrease of 100.44% year-on-year, due to the absence of similar financial products maturing in the current period[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,035,445,219.28, up 2.36% from ¥2,965,561,470.33 at the end of the previous year[7]. - The net assets attributable to shareholders decreased by 1.81% to ¥1,488,368,032.87 from ¥1,515,750,114.34 at the end of the previous year[7]. - The company's total liabilities reached CNY 1,547,779,412.64, compared to CNY 1,450,237,828.06, marking an increase of around 6.71%[37]. - Current liabilities increased to CNY 969,375,103.04 from CNY 832,856,301.46, reflecting a rise of approximately 16.38%[37]. - The company's total assets as of March 31, 2019, amounted to RMB 2,800,088,735.36, compared to RMB 2,732,271,213.02 as of December 31, 2018[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,843[11]. - The largest shareholder, Chengdu Zhongdi Chanquan Investment Group Co., Ltd., held 23.77% of the shares, amounting to 71,144,800 shares, which are currently pledged[11]. Expenses - Marketing expenses for the reporting period were RMB 14.86 million, an increase of 1,191.21% year-on-year, attributed to higher marketing costs for real estate development projects[15]. - Financial expenses amounted to RMB 6.92 million, an increase of 381.17% year-on-year, primarily due to increased interest expenses[15]. - The company’s financial expenses increased to ¥6,916,509.41 from ¥1,437,446.82, primarily due to higher interest expenses[45]. Guarantees and Financing - The company provided a guarantee of RMB 130 million for its subsidiary Chengdu Jieyi Construction Engineering Co., Ltd. for a bank loan, with a guarantee period of two years after the debt maturity[21]. - The company provided a guarantee of RMB 9.95 million for its wholly-owned subsidiary, which applied for a deferral of urban construction fees[17]. - The company adjusted the guarantee limits for its subsidiaries, reducing the limit for one subsidiary by RMB 120 million and increasing it for another by the same amount[20]. Inventory and Current Assets - The company's inventory increased from RMB 2,467,429,067.83 on December 31, 2018, to RMB 2,542,052,104.84 on March 31, 2019[35]. - The total current assets were CNY 1,037,447,033.70, slightly up from CNY 1,036,777,029.47, indicating a marginal increase of 0.06%[40].

Financial Performance - The company reported a total revenue of 298 million in 2018, marking a year-on-year increase of 15%[12] - The net profit attributable to shareholders was 45 million, representing a growth of 10% compared to the previous year[12] - In 2018, the company's operating revenue was ¥29,492,663.01, a decrease of 89.13% compared to ¥271,220,985.60 in 2017[18] - The net profit attributable to shareholders was -¥60,797,854.14, representing a decline of 145.24% from ¥134,398,552.76 in the previous year[18] - The net profit after deducting non-recurring gains and losses was -¥106,327,926.15, down 179.21% from ¥134,229,571.23 in 2017[18] - The net cash flow from operating activities was -¥1,325,015,951.10, a decrease of 207.78% compared to -¥430,500,742.77 in 2017[18] - The net profit attributable to the parent company was RMB -60.80 million, down 145.24% year-on-year[44] - The real estate sector accounted for 94.86% of total operating revenue, with a revenue of RMB 27.98 million, reflecting a decline of 89.28% from the previous year[46] - The gross profit margin for the real estate sector was 23.00%, down 8.70% year-on-year[48] Investment Strategy - The company plans to focus on direct investment and real estate development, with a strategic shift towards comprehensive real estate development since 2005[16] - The company aims to enhance its investment strategies and explore new technologies in the real estate sector[16] - The company focused on real estate investment and equity investment, establishing a multi-level investment system in the Sichuan-Chongqing region[29] - The company is focusing on the southwestern region, particularly the Sichuan-Chongqing area, for its real estate investment strategy[37] - The company is implementing an innovative development strategy to enhance the profitability and sustainability of its investment business[32] Asset Management - The total assets of the company reached 1.2 billion by the end of 2018, reflecting a 20% increase from the previous year[12] - Total assets at the end of 2018 were ¥2,965,561,470.33, an increase of 69.23% from ¥1,752,333,527.28 at the end of 2017[18] - The net assets attributable to shareholders decreased by 3.86% to ¥1,515,750,114.34 from ¥1,576,565,154.70 in 2017[18] - The company's total assets saw a significant increase in inventory, which accounted for 83.20% of total assets, up 65.85% from the previous year[69] Shareholder and Governance - The company has undergone several changes in its major shareholders, with Zhongdi Chanquan becoming the controlling shareholder[16] - The company is committed to maintaining transparency and compliance with the Shenzhen Stock Exchange's disclosure requirements[4] - The actual controller and shareholders have fulfilled their commitments regarding the independence of the listed company and the reduction of related party transactions[99] - There were no non-operating fund occupations by the controlling shareholder or related parties during the reporting period[101] - The report indicates that there were no changes in the controlling shareholder or actual controller during the reporting period, suggesting stability in governance[173] Dividend Policy - No cash dividends or stock bonuses will be distributed to shareholders for the year 2018[5] - The company did not distribute cash dividends for the fiscal year 2018, despite having a positive profit available for distribution to common shareholders[96] - The company plans not to issue cash dividends, stock dividends, or increase capital through public reserves for the current fiscal year[97] Project Development - The company has expanded its market presence through various real estate projects, including "Mianshi·Xidi Bay" and "Liangjiang·Zhongdi Plaza"[10] - The company achieved an investment income of RMB 15.33 million from Qingdao Kangping High-speed Rail Technology Co., Ltd. during the reporting period[35] - The company realized a profit of approximately RMB 24.46 million from the "Handan Sterilization" and "Yunnan Yujing New City" projects[36] - The total investment amount for the "Zhongdi·Suidingfu" project is approximately RMB 1.6 billion, with RMB 886.81 million already invested[39] - The "Zhongdi·Huaxiyue" project has a total investment of approximately RMB 1.6 billion, with RMB 734.19 million already invested[40] - The "Two Rivers·Zhongdi Plaza" project has a total investment of approximately RMB 1.5 billion, with RMB 600 million in financing secured for its development[41] Financial Management - The company has a strong focus on investment operations, managed by Director and Vice General Manager, Jie Bin[180] - The financial management is overseen by the CFO, Hu Xuyi, who is responsible for financial disclosures and budget management[182] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 2.5952 million (approximately USD 0.39 million) before tax[186] Employee and Management Structure - The company employed a total of 233 staff members, with 35 in the parent company and 198 in major subsidiaries[187] - The professional composition of employees includes 45 production personnel, 74 sales personnel, 42 technical personnel, 25 financial personnel, and 41 administrative personnel[188] - The educational background of employees shows 12 with master's degrees, 97 with bachelor's degrees, and 124 with college diplomas or below[188] Compliance and Transparency - The company completed a total of 154 information disclosures during the reporting period, adhering to transparency and accuracy standards[194] - The company has maintained compliance with the governance standards set by the China Securities Regulatory Commission, with no significant discrepancies[195] - The company is committed to fulfilling its social responsibilities and maintaining good relationships with consumers, partners, and government entities[195]