顺发恒业股份公司 2014 年第三季度报告正文 证券代码：000631 证券简称：顺发恒业 公告编号：2014-32 顺发恒业股份公司 2014 年第三季度报告正文 1 顺发恒业股份公司 2014 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 13,962,855,918.82 | 12,882,844,000.28 | | 8.38% | | 归属于上市公司股东的净资产（元） | 3,180,479,954.04 | 3,007,070,623.56 | | 5.77% | | | 本报告期 | 本报告期比上年同 期增减 | 年初至报告期末 | 年初至报告期末比 上年同期增减 | | 营业收入（元） | 266,459,587.41 | 57.12% ...

Financial Performance - The company achieved operating revenue of ¥1,107,054,341.81, representing a year-on-year increase of 222.74% compared to ¥343,012,183.38 in the same period last year[20]. - Net profit attributable to shareholders reached ¥211,104,039.15, a significant increase of 394.44% from ¥42,695,437.65 in the previous year[20]. - The company’s basic earnings per share increased to ¥0.20, a 400% increase from ¥0.04 in the same period last year[20]. - The company reported a total profit of ¥277,598,830.73 for the first half of 2014, compared to ¥54,037,061.36 in the previous year, representing an increase of about 414%[101]. - Operating profit for the first half of 2014 was ¥275,975,842.55, compared to ¥50,678,901.46 in the previous year, showing an increase of about 444%[100]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥1,013,080,396.62, a decrease of 273.56% compared to -¥271,194,728.94 in the same period last year, primarily due to increased land payments[20]. - Cash flow from operating activities showed a net outflow of ¥1,013,080,396.62, worsening from a net outflow of ¥271,194,728.94 in the same period last year[106]. - The company’s cash and cash equivalents decreased to CNY 944,996,339.63 from CNY 1,056,497,619.51, a decline of about 10.5%[92]. - The company reported a net cash flow from investment activities of 44,672,883.44, a sharp decline from 417,789,352.58 in the last period[109]. - The company has bank deposits totaling 149,087,205.60, which includes 35,749,484.04 in current deposits and 23,500,000.00 in time deposits, showing an increase from the previous period[54]. Assets and Liabilities - Total assets at the end of the reporting period were ¥13,744,353,653.89, an increase of 6.69% from ¥12,882,844,000.28 at the end of the previous year[20]. - The company’s total liabilities increased significantly, leading to a net cash increase from financing activities of ¥806,656,032.62, a year-on-year increase of 1,981.16%[25]. - Total liabilities rose to CNY 10,588,909,576.33 from CNY 9,875,773,376.72, reflecting an increase of about 7.2%[94]. - The equity attributable to shareholders increased to CNY 3,155,444,077.56 from CNY 3,007,070,623.56, marking a growth of approximately 4.9%[94]. Investments and Projects - The investment in the "Wangjiao City Phase II" project was ¥171,031,000, with 82.03% of the project completed[34]. - The total investment in the "Jiangnan Lijin" project was ¥156,548,860, with 97.37% of the project completed[34]. - The company has made substantial investments, with cash payments for investments reaching 323,450,000.00, indicating a strategic focus on growth[108]. Governance and Shareholder Relations - The company plans to not distribute cash dividends or issue bonus shares for this reporting period[6]. - The company has implemented continuous governance activities to enhance internal control systems for stable development[27]. - The company held its 2013 annual shareholder meeting on April 16, 2014, where the revised articles of association were approved, reflecting the opinions and demands of minority shareholders[43]. - The company has established a long-term mechanism to prevent fund occupation by controlling shareholders and their related parties[44]. - The company has implemented a complaint management system to enhance communication with minority investors and protect their legal rights[44]. Related Party Transactions - The company reported a total of 343.75 million yuan in related party transactions during the reporting period[48]. - The actual amount for property and floral services provided to related parties was 116.4 million yuan, while the rental income from leasing properties was 67 million yuan[48]. - The company has engaged in various related party transactions, including sales of goods and provision of services, adhering to market pricing principles[48]. Accounting Policies and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements accurately reflect its financial position and performance[129]. - The company has not changed its accounting policies or estimates during the reporting period[200]. - The financial report for the half-year period was not audited[90]. Market and Shareholder Structure - The largest shareholder, Wanxiang Resources Co., Ltd., holds 769,996,033 shares, representing 73.65% of total shares[78]. - The second-largest shareholder, Shenzhen Heli Industrial Co., Ltd., holds 33,600,000 shares, representing 3.21% of total shares[78]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[81]. - The shareholder structure remains stable, with no significant changes in the number of shareholders[78].

Financial Performance - The company's operating revenue for Q1 2014 was ¥716,995,003.51, representing a 341.1% increase compared to ¥162,548,712.21 in the same period last year[8] - Net profit attributable to shareholders reached ¥160,109,635.67, a significant increase of 548.44% from ¥24,691,595.80 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥158,381,514.62, up 556.69% from ¥24,118,020.20 in the previous year[8] - The total profit for the period was ¥209,662,182.33, a 574.37% increase from ¥31,090,022.21 in the previous year[15] - Basic earnings per share rose to ¥0.15, reflecting a 650% increase from ¥0.02 in the previous year[8] - The weighted average return on equity improved to 5.19%, up 4.32% from 0.87% year-on-year[8] Assets and Liabilities - The company's total assets increased by 5.68% to ¥13,614,233,562.26 from ¥12,882,844,000.28 at the end of the previous year[8] - The company reported a significant increase in accounts receivable, which rose by 319% to ¥4,190,000.00 from ¥1,000,000.00 at the beginning of the year[14] - Short-term borrowings increased by 34.40% to ¥2,057,000,000.00, driven by increased funding needs[14] - The net cash flow from operating activities was negative at -¥1,138,242,188.56, a decline of 816.14% compared to ¥158,940,378.07 in the same period last year[8] Shareholder Engagement and Corporate Governance - The company revised its cash dividend policy in accordance with the China Securities Regulatory Commission's guidelines, emphasizing cash dividends over stock dividends to ensure reasonable returns for investors, especially small shareholders[18] - The company held its annual shareholders' meeting on April 16, 2014, where the revised articles of association and the non-public offering plan were approved[18][19] - The company has committed to strict compliance with relevant securities laws and regulations regarding shareholding and information disclosure, ensuring transparency and accountability[21][22] - The company conducted investor communications on March 24, 2014, addressing inquiries about stock suspension and providing updates on company performance[25] - The company utilized an online platform for its annual performance briefing, allowing broader investor engagement[25] Future Plans and Fundraising - The company plans to issue up to 386 million A-shares, raising a total of no more than 1.968 billion yuan, with a minimum issue price of 5.10 yuan per share[19] - The average trading price of the company's stock over the 20 trading days prior to the pricing benchmark date was 4.62 yuan, which will be adjusted if any dividend or stock distribution occurs before the issuance[19] - The raised funds will be allocated to projects including the Xiaochu (2013) No. 27 plot, Tonglu Fuchunfeng Scenic Project, Huainan Zerun Garden Phase II, and to supplement working capital[19] - The board of directors approved the revised articles of association and the non-public offering plan during the 15th meeting on March 24, 2014[19] Outlook - There is no significant change expected in the company's net profit for the first half of 2014 compared to the previous year[23]

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the year 2013, reflecting a year-on-year growth of 15%[20] - The net profit attributable to shareholders for 2013 was 150 million CNY, representing an increase of 10% compared to the previous year[20] - In 2013, the company achieved operating revenue of CNY 2,808,056,415.80, representing a year-on-year increase of 1.52%[26] - The net profit attributable to shareholders was CNY 609,837,467.87, an increase of 4.39% compared to the previous year[26] - The company’s net profit for 2013 was CNY 629,764,046.04, with a distributable profit of CNY 1,040,796,736.68 after accounting for statutory surplus reserves[86] - The company achieved a revenue of 9,295,162.08 million RMB and a total profit of 91,335.19 million RMB for the year 2013[122] Assets and Liabilities - The company’s total assets as of December 31, 2013, amounted to 3.5 billion CNY, with a liability-to-asset ratio of 60%[20] - The total assets at the end of 2013 were CNY 12,882,844,000.28, reflecting a growth of 16.3% year-on-year[26] - The company’s total assets reached approximately 1,189.31 million RMB, with net assets of about 1,417.48 million RMB[59] - The total liabilities increased to CNY 9,875,773,376.72 from CNY 8,264,553,372.06, reflecting a rise of about 19.5%[192] - The total liabilities to equity ratio as of December 31, 2013, was approximately 3.29, compared to 2.93 at the beginning of the year, indicating increased leverage[192] Cash Flow - The net cash flow from operating activities was negative at CNY -953,619,059.79, a decline of 195.8% from the previous year[26] - The company's cash and cash equivalents decreased by 132.14% to -¥105,114,183.61 due to reduced cash flow from operations[45] - The net cash flow from operating activities for 2013 was 80,439.37 million RMB, while investment activities generated a negative cash flow of -25,176.74 million RMB[122] Dividends - The company plans to distribute a cash dividend of 0.60 CNY per 10 shares to all shareholders based on the total share capital as of December 31, 2013[6] - The cash dividend for 2013 was set at 0.60 RMB per 10 shares, with a total distributable profit of 1,040,796,736.68 RMB[84] - In 2013, the company distributed cash dividends of 62,730,585.18 RMB, which accounted for 10.29% of the net profit attributable to shareholders[84] Market and Business Strategy - The company is exploring market expansion opportunities in the eastern region of China, targeting a 20% increase in market share by 2015[20] - The company has initiated research and development for new property management technologies aimed at improving operational efficiency by 25%[20] - The company aims to accelerate the turnover of existing properties and reduce project risks as part of its recent development goals[71] - The company plans to invest in core city office buildings, hotel complexes, and tourism real estate projects with resource advantages[71] Related Party Transactions - Significant related party transactions included sales of goods and services to Wanxiang Group, amounting to CNY 85.33 million, representing 3.58% of similar transactions[91] - The company’s transactions with related parties include a significant amount of 134 million from hotel leasing services, representing a 34.77% share of total revenue[94] - The company has engaged in significant related party transactions, which have been approved by the board and shareholders, ensuring compliance with regulations[99] Governance and Management - The company has maintained a stable management structure since 2011, with all current members serving their terms without changes[127] - The independent directors bring legal and financial expertise, which is crucial for the company's compliance and strategic planning[132] - The company has a clear governance framework with defined roles for its board, management, and supervisory committees[130][134] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 8.81 million CNY, with 3.35 million CNY from the company and 5.46 million CNY from shareholder units[140] Risks and Challenges - The company has outlined potential risks in its future development, including market competition and regulatory changes[13] - The company faces risks from government policies and market fluctuations, and it plans to adjust its strategies accordingly[76][77] Internal Controls - The company has implemented a comprehensive internal control system, continuously improving its governance activities and risk management capabilities[172] - There were no significant internal control deficiencies identified during the reporting period, indicating effective internal control systems[175] - The audit opinion for the financial statements was standard and unqualified, confirming the reliability of the financial reporting[181]