证券代码：000631 证券简称：顺发恒业 公告编号：2023-22 2、召开方式：网络文字互动； 3、参与方式：投资者可以登录"互动易"网站（http://irm.cninfo.com.cn） 进入"云访谈"栏目参与； 4、参与人员：陈军先生（董事长、代董事会秘书）、盛树浩先生（董事） 及邵劭女士（独立董事）。如若遇特殊情况，参会人员可能会有所调整。 二、征集问题事项 顺发恒业股份公司关于 举办 2022 年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大 遗漏。 顺发恒业股份公司（以下简称"公司"）已于 2023 年 3 月 31 日在巨潮资讯 网（www.cninfo.com.cn）披露了《2022 年年度报告》及《2022 年年度报告摘要》 （公告编号：2023-07）。为了便于广大投资者了解公司 2022 年度经营情况、财 务状况，公司定于 2023 年 6 月 27 日（星期二）举办 2022 年度业绩说明会，本 次业绩说明会将采用网络远程方式举行，具体情况如下： 一、业绩说明会安排 1、召开时间：2023 年 6 月 27 日（星期 ...

Financial Performance - The company's revenue for Q1 2023 was ¥59,153,652.31, a decrease of 14.48% compared to ¥69,169,127.42 in the same period last year[5] - Net profit attributable to shareholders was ¥18,366,634.47, down 55.91% from ¥41,655,041.37 year-on-year[5] - The net profit for Q1 2023 was CNY 20,466,284.26, a decrease of 53.5% compared to CNY 43,979,647.29 in Q1 2022[22] - The operating profit for Q1 2023 was CNY 28,609,234.89, down 50.9% from CNY 58,269,299.43 in the same period last year[22] - Total revenue from operating activities was CNY 84,869,958.45, significantly lower than CNY 488,935,328.74 in Q1 2022[23] - The basic earnings per share decreased by 50.00% to ¥0.01 from ¥0.02 in the same period last year[5] - The company reported a basic and diluted earnings per share of CNY 0.01, down from CNY 0.02 in Q1 2022[23] Cash Flow - The net cash flow from operating activities was -¥28,693,202.50, a decline of 108.13% compared to ¥352,986,185.66 in the previous year[10] - The net cash flow from operating activities was negative at CNY -28,693,202.50, compared to a positive CNY 352,986,185.66 in the previous year[23] - The net cash flow from investing activities was CNY 45,062,282.94, an increase from CNY 12,193,035.00 in the same period last year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,185,941,623.54, a slight decrease of 0.05% from ¥9,190,920,395.82 at the end of the previous year[5] - The total assets of the company were RMB 9,185,941,623.54, a slight decrease from RMB 9,190,920,395.82 at the beginning of the year[19] - The total liabilities decreased to RMB 2,956,003,977.20 from RMB 2,984,019,589.18, a reduction of 0.9%[19] - The company's equity attributable to shareholders increased to RMB 6,171,648,694.03 from RMB 6,150,711,504.12, reflecting a growth of 0.34%[19] Expenses - The total operating costs for Q1 2023 were RMB 43,641,650.96, an increase of 33.9% from RMB 32,588,777.33 in the previous year[21] - Sales expenses increased by 39.60% to ¥4,406,454.70 due to upgrades and maintenance costs of existing projects[9] - The company incurred financial expenses of CNY -7,980,714.15, a significant improvement from CNY -18,925,728.77 in Q1 2022[22] Shareholder Information - The company reported a total of 31,628 ordinary shareholders at the end of the reporting period[12] - The company has a remaining balance of 37,240,084 shares for sale from the repurchased shares, which represents 1.56% of the total share capital[14] - The company reduced its repurchased shares by 700,000 shares in Q1 2023, accounting for 0.03% of the total share capital, with total proceeds of RMB 2,573,400[15] Inventory and Receivables - Accounts receivable increased to RMB 46,401,536.32 from RMB 42,324,864.23, reflecting a growth of 9.8%[17] - Inventory as of March 31, 2023, was RMB 2,674,078,001.87, compared to RMB 2,643,344,307.40 at the start of the year, indicating a rise of 1.2%[18] Other Information - The company reported a significant drop in net profit after deducting non-recurring gains and losses, which was ¥5,867,487.00, down 81.01% from ¥30,893,750.75[5] - The weighted average return on equity decreased to 0.30% from 0.67% year-on-year[5] - The company did not report any new product launches or significant market expansion strategies during this quarter[25]

Financial Performance - The company's operating revenue for 2022 was CNY 307,198,713.90, representing a 12.95% increase compared to CNY 271,980,037.86 in 2021[18]. - The net profit attributable to shareholders for 2022 was CNY 161,939,108.96, a significant increase of 69.48% from CNY 95,551,741.92 in 2021[18]. - The net profit after deducting non-recurring gains and losses was CNY 125,442,063.57, which is a 106.65% increase from CNY 60,703,857.82 in 2021[18]. - The basic earnings per share for 2022 was CNY 0.07, up 75.00% from CNY 0.04 in 2021[19]. - The company's total revenue for 2022 reached CNY 650.49 million, a year-on-year increase of 104.32%[51]. - The real estate sector generated CNY 650.95 million in revenue, representing a 21.19% share of total revenue, with a gross margin of 82.36%[49]. - Wind power revenue was CNY 708.35 million, accounting for 23.06% of total revenue, with a year-on-year growth of 30.33%[49]. - Property management services generated CNY 711.60 million, but saw a decline of 7.48% compared to the previous year[49]. Cash Flow and Investments - The net cash flow from operating activities decreased by 69.76% to CNY 452,234,348.34 from CNY 1,495,496,555.84 in 2021[19]. - Operating cash inflow decreased by 56.04% to ¥933.69 million in 2022 from ¥2.12 billion in 2021[60]. - Net cash flow from investment activities turned negative at -¥1.36 billion in 2022, a decline of 505.41% from ¥336.07 million in 2021[60]. - Total cash and cash equivalents decreased by 202.24% to -¥1.34 billion in 2022 from an increase of ¥1.31 billion in 2021[60]. - Investment cash outflow increased by 82.24% to ¥6.30 billion in 2022 from ¥3.46 billion in 2021[60]. Dividends and Share Repurchase - The company reported a cash dividend of 2.75 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The proposed cash dividend is RMB 2.75 per 10 shares, totaling RMB 602,241,012.45, which represents 371.89% of the company's net profit for 2022[126]. - The company repurchased 62,074,616 shares for a total amount of RMB 188,088,179, which is considered as cash dividend for the year[123]. - The total cash dividend amount, including other methods, is RMB 822,364,145.46[123]. Governance and Compliance - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements or omissions[4]. - The company emphasizes the importance of adhering to the disclosure requirements set by the Shenzhen Stock Exchange for the real estate industry[4]. - The company has implemented a robust internal control system, enhancing governance and operational efficiency[89]. - There are no significant discrepancies between the company's governance practices and the regulations set forth by the China Securities Regulatory Commission[90]. - The company has ensured that all related party transactions are conducted fairly and transparently, adhering to market principles[92]. Business Operations and Strategy - The company has undergone several changes in its main business operations, with the latest change approved on May 10, 2022, expanding into new energy technology research and development[17]. - The company aims to expand its clean energy business and enhance asset operation and service capabilities[41]. - The company is committed to improving its internal management and operational capabilities to adapt to the evolving business landscape and competitive pressures[82]. - The company plans to enhance its asset operation and property service capabilities while accelerating the integration and upgrading of its business segments to mitigate policy risks[81]. - The company is focused on enhancing its competitive edge in the clean energy market through resource integration and market expansion efforts[83]. Market and Industry Trends - In 2022, the national real estate development investment was CNY 1,328.95 billion, a decrease of 10.0% year-on-year[29]. - The sales area of commercial housing in 2022 was 1,358.37 million square meters, down 24.3% compared to the previous year[29]. - The property management industry is experiencing a slowdown in growth, but is still expanding due to strong policy support and capital investment[30]. - The average price of newly built residential properties in Hangzhou in 2022 was CNY 34,742 per square meter, an increase of 9.9% year-on-year[34]. Future Outlook - The company plans to achieve operating revenue of CNY 218.69 million and a net profit of CNY 20.79 million in 2023[41]. - Future performance guidance indicates a projected revenue growth of approximately 10% for the next fiscal year[76]. - The company anticipates a favorable political and economic environment for clean energy generation in 2023, supported by government policies and a noticeable increase in electricity demand[80]. - The real estate market is expected to stabilize in 2023, with a focus on ensuring project delivery and addressing risks associated with real estate companies[78]. Human Resources and Management - The total number of employees at the end of the reporting period was 541, with 536 from major subsidiaries[118]. - The company has a structured compensation management system for senior management based on performance assessments[105]. - The management team consists of experienced professionals with diverse backgrounds in finance, engineering, and management[104]. - The company emphasizes talent acquisition and training to optimize the talent structure for long-term development[42]. Risk Management - The company has outlined potential risks and countermeasures in the management discussion and analysis section of the report[4]. - The company will strengthen safety management and technical supervision to mitigate risks associated with natural disasters affecting its wind power projects[84]. - The company has reported no major risk issues found during the self-inspection of corporate governance[135].

Financial Performance - The company's operating revenue for Q3 2022 was ¥84,521,100.10, a decrease of 10.79% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥27,340,795.62, down 34.08% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥16,502,107.37, a decline of 43.15% compared to the previous year[6]. - The basic earnings per share decreased by 50.00% to ¥0.01[8]. - Total revenue for the third quarter was CNY 208,476,909.33, a decrease of 3.99% compared to CNY 215,337,457.22 in the previous year[31]. - Total operating costs decreased to CNY 119,594,827.99 from CNY 157,315,972.25, representing a reduction of 24.00%[31]. - The company reported a net investment income of CNY 36,512,225.01, slightly down from CNY 38,915,530.34 in the same period last year[31]. - The company reported a total profit of ¥155,811,407.23, compared to ¥113,499,646.67 in the previous period, reflecting an increase of approximately 37%[33]. - Net profit for the current period reached ¥118,420,201.03, an increase from ¥87,725,290.82 in the previous period, representing a growth of approximately 35%[33]. - Operating profit increased to ¥153,613,860.19 from ¥113,183,881.34, marking a rise of about 36%[33]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,261,388,849.24, an increase of 1.88% from the end of the previous year[8]. - Cash and cash equivalents increased to CNY 5,447,614,108.11 from CNY 5,376,524,840.60, showing a growth of 1.32%[24]. - Total assets increased to CNY 9,261,388,849.24 from CNY 9,090,496,518.77, reflecting a growth of 1.88%[30]. - Total liabilities increased to CNY 3,106,808,532.66 from CNY 2,788,086,807.56, an increase of 11.45%[30]. - The company's equity attributable to shareholders decreased to CNY 6,101,269,545.47 from CNY 6,208,918,052.32, a decline of 1.73%[30]. Cash Flow - The net cash flow from operating activities was ¥397,104,145.34, a significant decrease of 67.43% compared to the previous year[6]. - Cash flow from operating activities generated ¥397,104,145.34, a significant decrease from ¥1,219,120,501.27 in the previous period[37]. - The cash and cash equivalents at the end of the period stood at ¥2,289,101,658.14, down from ¥3,579,781,685.26 in the previous period[36]. - The company experienced a net cash outflow from investing activities of ¥1,378,139,437.68, compared to a net inflow of ¥336,969,065.39 in the previous period[37]. - The company reported a decrease in cash inflow from operating activities, totaling ¥788,092,435.15, compared to ¥1,724,207,746.42 in the previous period[37]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,480[14]. - The largest shareholder, Wanxiang Group, holds 61.33% of the shares, totaling 1,491,831,780 shares[14]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the first largest shareholder alone holding over 1.49 billion shares[18]. - The company has repurchased a total of 55,311,694 shares, accounting for 2.27% of the total share capital[23]. - The repurchase was conducted at a maximum price of 4.94 RMB per share and a minimum price of 3.40 RMB per share, with a total expenditure of 220,123,133.01 RMB[23]. - The company plans to use the repurchased shares for employee stock ownership plans or equity incentives[22]. - The company has a total of 243,251,850 shares held through a dedicated repurchase account, representing 10.00% of the total share capital[17]. - The company has not disclosed any related party relationships among the top ten shareholders[18]. Management and Strategy - The company has adjusted its board of directors, appointing Chen Jun as the new chairman[19]. - The company plans to focus on market expansion and new product development in the upcoming quarters[29]. - The company has announced a share repurchase plan with a total amount not exceeding 288 million RMB[22]. Accounts Receivable and Other Income - The company reported a 32.70% increase in accounts receivable, totaling ¥83,438,526.64, primarily due to increased receivables from renewable energy price subsidies[13]. - The company experienced a 142.76% increase in advance receipts, amounting to ¥37,466,104.75, attributed to increased prepayments for rent and deposits[13]. - The company recorded a 458.52% increase in other income, totaling ¥2,284,866.72, mainly from penalties and forfeited deposits[13]. - Accounts receivable rose to CNY 83,438,526.64, up from CNY 62,878,265.48, indicating a growth of 32.81%[24]. Research and Development - Research and development expenses were reported at CNY 30,636,439.37, up from CNY 28,782,476.46, indicating an increase of 6.43%[31].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥123,955,809.23, representing a 2.79% increase compared to ¥120,591,696.44 in the same period last year[31]. - The net profit attributable to shareholders for the first half of 2022 was ¥85,156,354.69, a significant increase of 104.47% from ¥41,647,435.66 in the previous year[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥70,824,030.75, up 172.76% from ¥25,965,596.49 in the same period last year[31]. - Basic earnings per share for the first half of 2022 were ¥0.04, doubling from ¥0.02 in the same period last year[31]. - Diluted earnings per share also stood at ¥0.04, reflecting a 100% increase compared to ¥0.02 in the previous year[31]. - The total profit for the same period was 116.23 million yuan, reflecting a significant year-on-year growth of 103.75%[53]. - The company's net profit for the first half of 2022 was 89,753,163.56, a significant increase from 44,589,775.00 in the same period of 2021, representing a growth of approximately 101.5%[171]. - Total profit for the first half of 2022 reached 116,229,304.86, compared to 57,045,227.08 in the previous year, indicating an increase of about 104.5%[171]. Cash Flow and Assets - The net cash flow from operating activities decreased by 62.41%, amounting to ¥391,809,449.89 compared to ¥1,042,224,700.05 in the previous year[31]. - The company's cash and cash equivalents decreased by 196.07% to -¥1,139,227,999.55, reflecting a significant drop in pre-sale receipts and an increase in fixed deposit net inflows[62]. - Cash and cash equivalents at the end of the period were ¥2,479,284,419.47, down 29.0% from ¥3,493,621,462.21 at the end of the first half of 2021[181]. - The total assets at the end of the reporting period were ¥9,455,214,725.96, reflecting a 4.01% increase from ¥9,090,496,518.77 at the end of the previous year[31]. - The company's cash and cash equivalents amounted to CNY 5,640,796,859.90, an increase from CNY 5,376,524,840.60, reflecting a growth of about 4.90%[155]. - The total current liabilities reached CNY 2,021,080,513.51, up from CNY 1,625,176,386.93, reflecting an increase of approximately 24.36%[158]. Investment and Projects - The company is involved in wind power project development, construction, and operation, converting wind energy into electricity to meet national demand[40]. - The company is focusing on the development of wind power projects, with a target of reaching an installed capacity of over 6.41 million kilowatts[52]. - The company has a total land reserve of 45.23 million square meters, with a remaining developable area of 50.10 million square meters[54]. - The company’s ongoing projects include the Meisong City in Hangzhou, with a focus on residential and commercial properties[49]. Market and Industry Trends - The real estate sector faced a 5.4% decline in investment, totaling ¥68,314 billion, with residential investment down by 4.5% to ¥51,804 billion[41]. - The total sales area of commercial housing decreased by 22.2% year-on-year, amounting to 68,923 million square meters, with residential sales area dropping by 26.6%[41]. - The property service industry is experiencing increased investment in both hardware and software services, enhancing service quality despite market pressures[42]. - The company has identified opportunities for market expansion in response to favorable policies for community services and smart city development[42]. Shareholder and Equity Information - The total number of shares after the recent changes is 2,432,519,168, representing 100.00% of the total shares[130]. - The company repurchased a total of 25,184,435 shares, accounting for 1.04% of the total share capital, with a total expenditure of approximately 89.39 million RMB[131]. - The largest shareholder, Wanxiang Group Company, holds 1,491,831,780 shares, accounting for 61.33% of the total shares[136]. - The total number of common shareholders at the end of the reporting period is 23,060[136]. Risks and Management - The company faces significant policy risks due to fluctuating real estate policies and the cancellation of wind power subsidies, which may impact future business expansion[85]. - Management risks are heightened due to strategic adjustments requiring improved talent and operational management[86]. - The management team is experienced and committed to sustainable development through resource integration and execution capabilities[58]. Other Financial Metrics - The operating cost decreased by 12.06% to ¥62,019,344.82 from ¥70,524,004.87 in the previous year, contributing to improved profitability[62]. - The company reported a substantial increase in income tax expenses, rising by 112.57% to ¥26,476,141.30, attributed to higher profits[62]. - The company's tax expenses for the first half of 2022 amounted to 26,476,141.30, compared to 12,455,452.08 in the previous year, which is an increase of approximately 112.3%[171].

Financial Performance - The company's operating revenue for Q1 2022 was ¥69,169,127.42, representing a 16.29% increase compared to the previous year's adjusted revenue of ¥59,482,311.18[5] - Net profit attributable to shareholders for Q1 2022 was ¥41,655,041.37, a significant increase of 60.33% from the adjusted net profit of ¥25,980,839.57 in the same period last year[5] - The net profit after deducting non-recurring gains and losses reached ¥30,893,750.75, marking a remarkable growth of 242.93% compared to ¥9,008,863.71 in the previous year[5] - Basic and diluted earnings per share both increased to ¥0.02, doubling from ¥0.01 in the previous year[5] - Total operating revenue for the current period reached ¥69,169,127.42, an increase from ¥59,482,311.18 in the previous period, representing a growth of approximately 16.6%[29] - Net profit for the current period was ¥43,979,647.29, compared to ¥27,931,638.98 in the previous period, indicating an increase of approximately 57.4%[29] - The net profit attributable to the parent company was 41,655,041.37, compared to 25,980,839.57 in the previous period, representing a significant increase[33] - The total comprehensive income attributable to the parent company was 41,655,041.37, up from 25,980,839.57, indicating strong performance growth[33] - The company’s total comprehensive income for the period was 43,979,647.29, compared to 27,931,638.98 in the previous period, reflecting overall growth in financial performance[33] Cash Flow - The net cash flow from operating activities was ¥352,986,185.66, which is a 38.74% increase from ¥254,415,226.47 in the same period last year[5] - The net cash flow from investment activities decreased by 17.05% to ¥12,193,035.00 compared to ¥14,699,905.53 in the previous year[12] - The net cash flow from financing activities showed a significant decline of 108.68%, resulting in a net outflow of ¥15,197,722.22 compared to a net inflow of ¥175,064,091.05 in the previous year[12] - Cash and cash equivalents at the end of the period reached 3,968,493,917.46, compared to 2,751,977,738.94 at the end of the previous period, showing a strong liquidity position[40] - The company received cash from other operating activities amounting to 64,815,547.22, slightly up from 62,801,423.99 in the previous period[37] - The company reported a total cash inflow from operating activities of 488,935,328.74, slightly up from 487,023,792.52 in the previous period[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,485,284,179.78, reflecting a 4.34% increase from ¥9,090,496,518.77 at the end of the previous year[5] - Total liabilities rose to ¥3,138,894,821.28 from ¥2,788,086,807.56, an increase of approximately 12.6%[25] - The company has maintained a stable equity position with total equity increasing to ¥6,346,389,358.50 from ¥6,302,409,711.21, a growth of approximately 0.7%[25] - The company reported a decrease in accounts payable from ¥174,567,371.62 to ¥168,771,581.78, a decline of about 3.4%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,699[13] - The largest shareholder, Wanxiang Group, holds 61.33% of the shares, totaling 1,491,831,780 shares[13] - The second-largest shareholder, Zhejiang Hangmin Industrial Group, holds 4.45% of the shares, totaling 108,270,859 shares[13] - The company has a total of 187,940,156 shares held through a share repurchase account, representing 7.73% of the total share capital[16] - The company has not yet implemented the share repurchase plan, which aims to buy back between 28,000,000 and 55,311,760 shares at a price not exceeding RMB 5.20 per share[17] - The company plans to use the repurchased shares for employee stock ownership plans or equity incentives[17] - The total number of shares held by the top ten shareholders does not indicate any related party relationships among them[13] Operational Efficiency - The weighted average return on equity improved to 0.67%, up from 0.41% in the previous year[5] - The company reported a significant increase in pre-receivable accounts by 31.41% due to increased rental prepayments and shop deposits[9] - Research and development expenses were not detailed, but the company continues to invest in innovation[29] - The company is focusing on market expansion and new product development as part of its strategic initiatives[29]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a year-over-year growth of 15%[22]. - The company's operating revenue for 2021 was ¥271,980,037.86, a decrease of 58.14% compared to the adjusted revenue of ¥649,697,807.98 in 2020[30]. - The net profit attributable to shareholders for 2021 was ¥95,551,741.92, down 64.08% from the adjusted net profit of ¥265,992,971.60 in 2020[33]. - The basic earnings per share for 2021 was ¥0.04, a decline of 63.64% from ¥0.11 in 2020[33]. - The company reported a total investment of ¥188,651,600.00 in 2021, a 100% increase from ¥0.00 in the previous year[88]. - The company achieved total operating revenue of CNY 271,980,037.86, a decrease of 58.14% compared to the previous year[61]. - The net profit attributable to the parent company was CNY 9,555,170, a decline of 64.08% year-on-year[61]. - The company reported a positive profit available for distribution to shareholders but did not propose a cash dividend distribution plan for the reporting period[187]. User and Market Growth - User data showed an increase in active users, reaching 500,000, which is a 20% increase compared to the previous year[22]. - The company plans to expand its market presence by entering three new provinces, aiming for a 5% market share in these regions within the next year[22]. - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[22]. - New product launches are expected to contribute an additional 200 million yuan in revenue, with a focus on innovative technology solutions[22]. Cash Flow and Financial Management - The net cash flow from operating activities improved significantly to ¥1,495,496,555.84, an increase of 185.11% compared to the negative cash flow of ¥1,757,217,875.05 in 2020[33]. - The total operating cash inflow for 2021 reached ¥2,124,110,618.96, a significant increase of 294.73% compared to ¥538,118,102.57 in 2020[79]. - The cash flow from financing activities showed a net outflow of ¥520,852,697.94 in 2021, a slight improvement of 3.80% from a net outflow of ¥541,446,043.83 in 2020[83]. - The company has established stable long-term relationships with multiple financial institutions, ensuring ample cash flow for future business development[60]. Strategic Initiatives and Acquisitions - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach, with a budget of 300 million yuan allocated for this purpose[22]. - The company completed the acquisition of 100% equity in Degao Wind Power and 65% equity in Xingxing Wind Power for a total of 188,651,600.00[73]. - The company is actively pursuing acquisitions in the wind power sector to accelerate its industrial upgrade and align with low-carbon development goals[61]. Risks and Challenges - The company has identified potential risks related to market volatility and regulatory changes, which may impact future performance[22]. - The company is facing significant challenges in the real estate market due to demand contraction and supply shocks, impacting overall performance[44]. - The company faces significant policy risks due to frequent changes in credit policies and market competition, impacting future development uncertainty[109]. Industry Insights - The property service market is expected to grow, driven by policy support and technological advancements, with increased competition among leading companies[45]. - The clean energy industry competition is intensifying, with a focus on new project development and resource acquisition to expand market share[112]. - The wind power sector in Zhejiang Province saw a 20.6% year-on-year increase in wind power generation, highlighting growth opportunities in renewable energy[105]. Governance and Leadership Changes - The company reported a significant leadership change with multiple board members and executives resigning, including the chairman and president[135]. - The company appointed Sheng Shuhao as the new chairman and Wang Jingnan as the president following board elections due to work reasons[138]. - The company is focusing on expanding its leadership team with new appointments to enhance operational efficiency[142]. - The company aims to leverage the expertise of its new board members to drive future growth and innovation[142]. Internal Control and Compliance - The company has established a comprehensive internal control system that complies with national laws and regulations, ensuring effective execution across various operational processes[194]. - The company maintained effective internal controls in all material respects as of December 31, 2021[200]. - The company has not encountered any integration plans for acquired subsidiaries in terms of assets, personnel, finance, or operations[195]. Employee Management and Development - The total number of employees at the end of the reporting period is 531, with 2 in the parent company and 529 in major subsidiaries[179]. - The training plan covers all employee levels with a 100% training coverage rate, enhancing employee skills and organizational support[184]. - The salary policy remains unchanged, based on market salary levels, company performance, and individual performance[183].

Financial Performance - The company's operating revenue for Q3 2021 was ¥94,745,760.78, a decrease of 44.89% compared to the same period last year, which reported ¥171,923,286.12 after adjustments[4] - Net profit attributable to shareholders for Q3 2021 was ¥41,477,615.16, down 26.27% from ¥56,256,091.08 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥29,029,845.69, reflecting a 33.77% decrease from ¥43,832,378.45 in the same quarter last year[4] - The company experienced a 62.19% decline in total operating income for the year-to-date period, which was reported at ¥215,337,457.22 compared to ¥569,563,209.67 in the previous year[12] - Total revenue for the third quarter was ¥215,337,457.22, a decrease of 62.2% compared to ¥569,563,209.67 in the previous year[30] - Net profit for the quarter was ¥87,725,290.82, a decline of 58.9% from ¥213,015,333.69 year-over-year[33] - Earnings per share (EPS) for the quarter was ¥0.04, compared to ¥0.09 in the previous year[36] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period reached ¥1,219,120,501.27, an increase of 238.86% compared to the previous year's negative cash flow of -¥877,919,382.21[4] - Operating cash inflow for the current period reached ¥1,724,207,746.42, a significant increase from ¥487,710,377.92 in the previous period, indicating a growth of approximately 253.5%[37] - Cash inflow from investment activities totaled ¥3,794,539,913.39, compared to ¥4,275,534,722.01 in the previous period, reflecting a decrease of about 11.3%[40] - Cash outflow for investment activities was ¥3,457,570,848.00, down from ¥3,721,943,257.09 in the previous period, showing a reduction of approximately 7.1%[40] - Cash inflow from financing activities was ¥407,000,000.00, a substantial increase from ¥40,000,000.00 in the previous period, marking a growth of 917.5%[40] - Net cash flow from financing activities was -¥284,106,397.29, worsening from -¥238,427,029.88 in the previous period[40] - The ending balance of cash and cash equivalents was ¥3,579,781,685.26, slightly up from ¥3,526,175,181.63 in the previous period[40] - The company received tax refunds amounting to ¥13,029,162.96, down from ¥34,530,822.37 in the previous period, indicating a decrease of approximately 62.3%[40] - Total cash outflow for operating activities was ¥505,087,245.15, significantly lower than ¥1,365,629,760.13 in the previous period, reflecting a decrease of about 63.0%[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,909,558,246.72, representing a 13.55% increase from ¥7,846,180,248.74 at the end of the previous year[6] - The equity attributable to shareholders decreased by 4.52% to ¥6,196,546,431.52 from ¥6,490,179,986.71[6] - Total liabilities rose to ¥2,620,948,143.82, compared to ¥1,258,036,830.66, marking an increase of 108.9%[29] - The company's equity attributable to shareholders decreased to ¥6,196,546,431.52 from ¥6,490,179,986.71, a decline of 4.5%[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,895, with the largest shareholder, Wanxiang Group, holding 61.33% of shares, equating to 1,491,831,780 shares[13] - The company holds 187,940,156 shares in a repurchase account, which accounts for 7.73% of the total share capital[17] Other Notable Changes - The company reported a significant increase in contract liabilities, which rose by 6393.51% to ¥1,306,189,154.35, primarily due to an increase in pre-sold housing funds[12] - The company reported a significant increase in contract liabilities to ¥1,306,189,154.35 from ¥20,115,293.71, indicating a growth of 6,487.5%[30] - The company has undergone a name change for its wholly-owned subsidiary to Shunfa Energy City Co., Ltd., effective September 13, 2021[19] - The board of directors has seen changes, with new appointments including Qian Jiaqing and Wang Tao as non-independent directors[22] - The company has not disclosed any related party relationships among the top ten shareholders, except for the largest shareholder[16] - Research and development expenses were not disclosed in the report, indicating a potential area for future focus[33]

Financial Performance - The company's operating revenue for the reporting period was ¥120,591,696.44, a decrease of 69.67% compared to the previous year's adjusted revenue of ¥397,639,923.55[26] - The net profit attributable to shareholders was ¥41,647,435.66, down 71.92% from the previous year's adjusted net profit of ¥148,336,352.14[26] - Basic earnings per share decreased to ¥0.02, a decline of 66.67% from the previous year's earnings of ¥0.06[26] - The net profit after deducting non-recurring gains and losses was ¥25,965,596.49, down 79.52% from the previous year's adjusted figure of ¥126,756,764.02[26] - The total profit for the same period was 57.05 million yuan, down 71.19% compared to the previous year[39] - The net profit attributable to the parent company was 41.65 million yuan, reflecting a decline of 71.92% year-on-year[39] - The company's gross profit margin in the real estate sector is 49.44%, with a year-on-year decrease of 2.49%[59] - The company's revenue from property management services is ¥38,899,456.66, representing 32.26% of total revenue, with a year-on-year decrease of 8.82%[59] - The total comprehensive income for the first half of 2021 was CNY 44,589,775.00, down from CNY 160,406,834.87 in the first half of 2020[198] Cash Flow and Assets - The net cash flow from operating activities was ¥1,042,224,700.05, showing a significant increase of 360.83% compared to the previous year's cash flow of -¥399,583,967.68[26] - The total assets at the end of the reporting period were ¥8,764,658,146.49, representing an increase of 11.71% from the previous year's total assets of ¥7,846,180,248.74[26] - The total cash and cash equivalents increased by 1,185,822,946.32, representing a 1,651.35% increase compared to a decrease of ¥76,438,289.87 in the previous year[56] - The company's total assets include cash and cash equivalents of ¥5,251,652,881.79, accounting for 59.92% of total assets, an increase from 55.64% last year[60] - Current assets increased to ¥7,709,488,865.17 as of June 30, 2021, up from ¥6,764,967,113.48 at the end of 2020, representing a growth of approximately 13.9%[178] - Cash and cash equivalents rose to ¥5,251,652,881.79, compared to ¥4,365,829,887.87 at the end of 2020, marking an increase of about 20.2%[175] - Total liabilities reached ¥2,508,683,559.42, up from ¥1,258,036,830.66, indicating a significant increase of about 99.0%[181] - The company's equity attributable to shareholders decreased to ¥6,155,068,816.36 from ¥6,490,179,986.71, a decline of about 5.2%[184] Investments and Acquisitions - The company invested 189 million yuan to successfully acquire wind power assets, marking its entry into the clean energy sector[37] - The company completed the acquisition of Degafeng Electric for a total investment of ¥87,273,900, representing a 100% ownership stake[69] - The company also acquired Xingxing Wind Power with an investment of ¥101,377,700, holding a 65% stake[69] - The total investment in both acquisitions amounts to ¥188,651,600[69] - The cumulative investment amount for the Meisong City project is 1.937 billion CNY[47] Market and Strategy - The company is focusing on the "dual carbon" strategy, aiming to align with national clean energy goals and enhance its sustainable development capabilities[37] - The clean energy sector is projected to have significant growth potential, with wind and solar power becoming key components of China's energy transition[38] - The company is focused on expanding its market presence in the clean energy sector to improve its competitive edge[82] Risk Management - The company has faced risks and has outlined corresponding countermeasures in the management discussion section of the report[5] - The company faces significant policy risks in the real estate sector, which it plans to mitigate by accelerating its "de-real estate" strategy[80] - The company is also addressing management risks by optimizing talent structure and enhancing internal control systems[81] Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[6] - The company has elected a new board of directors and supervisory board members on May 13, 2021[90][93] - The total number of ordinary shareholders at the end of the reporting period was 1,491,831,780, with the largest shareholder, Wanxiang Group, holding 61.33%[147] - The company’s total shares remain at 2,432,519,168, with 100% being unrestricted shares[141] Compliance and Legal Matters - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities, and there were no administrative penalties due to environmental issues during the reporting period[100][101] - There were no significant lawsuits or arbitration matters during the reporting period[113] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[107] - The half-year financial report has not been audited[109] - The company has not experienced any bankruptcy reorganization matters during the reporting period[110] - There were no penalties or rectification measures during the reporting period[114]

Financial Performance - The company's operating revenue for the reporting period was ¥120,591,696.44, a decrease of 69.67% compared to the previous year's adjusted revenue of ¥397,639,923.55[26] - The net profit attributable to shareholders was ¥41,647,435.66, down 71.92% from the previous year's adjusted net profit of ¥148,336,352.14[26] - Basic earnings per share decreased to ¥0.02, down 66.67% from ¥0.06 in the previous year[26] - The net profit after deducting non-recurring gains and losses was ¥25,965,596.49, down 79.52% from the previous year's adjusted figure of ¥126,756,764.02[26] - The total profit for the same period was CNY 57.05 million, down 71.19% compared to the previous year[39] - The net profit attributable to the parent company was CNY 41.65 million, reflecting a decline of 71.92% year-on-year[39] - The company's gross profit margin in the real estate sector is 49.44%, with a year-on-year decrease of 2.49%[59] - The company's revenue from property management services is ¥38,899,456.66, which represents 32.26% of total revenue, with a year-on-year decrease of 8.82%[59] - Net profit for the first half of 2021 was CNY 44,589,775.00, a decline of 71.3% compared to CNY 155,376,880.54 in the first half of 2020[198] Cash Flow and Assets - The net cash flow from operating activities was ¥1,042,224,700.05, representing a significant increase of 360.83% compared to the previous year's negative cash flow of ¥-399,583,967.68[26] - The total cash and cash equivalents increased by 1,185,822,946.32, representing a 1,651.35% increase compared to a decrease of ¥76,438,289.87 in the previous year[56] - The company's total assets include cash and cash equivalents of ¥5,251,652,881.79, accounting for 59.92% of total assets, an increase from 55.64% last year[60] - Total current assets amounted to CNY 7,709,488,865.17, an increase of 13.9% from CNY 6,764,967,113.48 on December 31, 2020[178] - Cash and cash equivalents increased to CNY 5,251,652,881.79 from CNY 4,365,829,887.87, representing a growth of 20.2%[175] - Total assets reached CNY 8,764,658,146.49, up from CNY 7,846,180,248.74, marking an increase of 11.7%[184] Liabilities and Equity - The net assets attributable to shareholders decreased to ¥6,155,068,816.36, down 5.16% from the previous year's adjusted net assets of ¥6,490,179,986.71[26] - Total liabilities increased to CNY 2,508,683,559.42 from CNY 1,258,036,830.66, a significant rise of 99.0%[181] - The company's equity attributable to shareholders decreased to CNY 6,155,068,816.36 from CNY 6,490,179,986.71, a decline of 5.2%[184] - Contract liabilities surged to CNY 1,110,749,176.61 from CNY 20,115,293.71, an increase of 5,417.5%[181] Investments and Acquisitions - The company invested CNY 189 million to acquire wind power assets, marking its entry into the clean energy sector[37] - The company completed the acquisition of Degafeng Electric for a total investment of ¥87,273,900, representing a 100% ownership stake[69] - The company also acquired Xingxing Wind Power with an investment of ¥101,377,700, holding a 65% stake[69] - The total investment in both acquisitions amounts to ¥188,651,600[69] - The cumulative investment amount for the Meisong City project is 1.937 billion CNY[47] Market and Sector Performance - The company completed a contract sales amount of CNY 2,220.75 million, with a sales area of 65,000 square meters, representing increases of 2,290.26% and 1,250.94% respectively compared to the previous year[39] - The real estate sector's revenue decreased by 93.98% to ¥17,426,728.61, primarily due to a reduction in property delivery[59] - The clean energy sector is projected to grow significantly, with wind power installed capacity increasing by 34.7% year-on-year to 29 million kilowatts[45] Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6] - The annual shareholders' meeting had a participation rate of 79.11% on May 13, 2021[89] - The company initiated a share repurchase plan, allowing for the repurchase of up to 243.25 million shares, representing 5%-10% of total equity[144] - The total number of shares remained at 2,432,519,168, representing 100% of the company's equity[141] - The total number of ordinary shareholders at the end of the reporting period was 1,491,831,780, with the largest shareholder, Wanxiang Group, holding 61.33%[147] Risk Factors and Management - The company has acknowledged potential risk factors and corresponding countermeasures in its management discussion and analysis section[5] - The company faces significant policy risks in the real estate sector, which may impact its operations[80] - The company is committed to improving safety management and disaster response capabilities to mitigate natural disaster risks[85] - The company is actively seeking sustainable growth through international ecological planning and smart sustainable operations[51] Compliance and Regulatory Matters - The half-year financial report has not been audited[109] - There were no significant litigation or arbitration matters during the reporting period[113] - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[100] - There were no administrative penalties due to environmental issues during the reporting period[101]