荣丰控股集团股份有限公司 2021 年第一季度报告全文 荣丰控股集团股份有限公司 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。 公司负责人王征、主管会计工作负责人吴庆及会计机构负责人(会计主管人 员)吴庆声明：保证季度报告中财务报表的真实、准确、完整。 2 荣丰控股集团股份有限公司 2021 年第一季度报告全文 2021 年第一季度报告 2021-022 2021 年 04 月 1 荣丰控股集团股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 22,044,465.07 | 9,691,511.98 | 127.46% | | 归属于上市公司股东的净利润（元） | -8,940,057.71 | -12 ...

Financial Performance - Operating revenue for the current period was CNY 21,007,016.85, down 66.50% year-on-year, and down 88.21% for the year-to-date[7] - Net profit attributable to shareholders was a loss of CNY 4,623,640.19, a decrease of 3,099.46% year-on-year, with a year-to-date loss of CNY 20,800,994.38, down 131.77%[7] - Basic and diluted earnings per share were both CNY -0.03, reflecting a decrease of 400.00% year-on-year[7] - The weighted average return on net assets was -0.59%, a decrease of 0.61% compared to the previous year[7] - The total operating revenue for the third quarter was CNY 44,002,489.38, a significant decrease from CNY 373,369,769.19 in the previous period[47] - The net profit for the third quarter was a loss of CNY 4,644,279.69, contrasting with a profit of CNY 1,189,379.81 in the same period last year[41] - The total comprehensive income for Q3 2020 was -25,199,002.10 yuan, compared to 131,354,537.02 yuan in the same period last year[49] Assets and Liabilities - Total assets decreased by 12.15% to CNY 2,383,877,645.62 compared to the end of the previous year[7] - Current assets totaled CNY 2,152,003,268.52, down from CNY 2,339,177,413.01, indicating a decrease of about 8.0%[31] - Total liabilities decreased from CNY 1,613,370,761.83 to CNY 1,340,522,895.10, reflecting a reduction of about 17.0%[33] - The company's total equity as of September 30, 2020, was CNY 1,043,354,750.52, down from CNY 1,100,166,550.24, a decrease of approximately 5.2%[34] - The total liabilities were 1,387,623,363.92 CNY, indicating a stable financial position[63] Cash Flow - The net cash flow from operating activities was a negative CNY 18,412,788.10, an increase of 21.98% compared to the same period last year[7] - The cash flow from operating activities was -102,287,098.00 yuan, an improvement from -159,574,595.60 yuan in the same period last year[53] - The cash inflow from operating activities totaled 27,340,044.41 CNY, up from 13,204,366.32 CNY in the previous period[58] - The cash outflow from operating activities was 261,250,053.94 CNY, significantly higher than 7,518,281.68 CNY in the previous period[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,625[11] - The largest shareholder, Shengshida Investment Co., Ltd., held 40.81% of the shares, totaling 59,926,083 shares[11] Operational Highlights - No significant new product launches, technology developments, market expansions, or mergers and acquisitions were reported during the period[14] - The company plans to acquire 100% equity of Wuhu Dongxu Weiyu Medical Technology Co., Ltd. through a share issuance[17] - The company’s stock was suspended from trading for a maximum of 10 trading days due to ongoing asset restructuring activities[18] Other Financial Metrics - Non-recurring gains and losses totaled CNY 8,241,955.40 for the year-to-date, with significant contributions from asset disposals and government subsidies[8][9] - The company reported a significant decrease in investment income by 73.83% from 14.19 million to 3.71 million due to the sale of shares in Changsha Bank[16] - The company experienced a credit impairment loss of CNY 1,803,598.00 during the quarter[41] - The company incurred financial expenses of 7,412,195.11 yuan in Q3 2020, compared to 11,931,683.45 yuan in the previous year, showing a decrease[48] Management and Compliance - The company has not undergone an audit for the third quarter report, indicating that the figures are unaudited[68] - The company has implemented new revenue and leasing standards starting in 2020, affecting prior comparative data[68]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥22,995,472.53, a decrease of 92.60% compared to ¥310,666,428.08 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥16,177,354.19, representing a decline of 124.77% from a profit of ¥65,320,285.76 in the previous year[18]. - The company reported a basic and diluted earnings per share of -¥0.11, down 125.00% from ¥0.44 in the previous year[18]. - The weighted average return on net assets was -1.37%, a decrease of 8.80% from 7.43% in the same period last year[18]. - The total comprehensive income for the first half of 2020 was a loss of CNY 34,522,106.28, compared to a gain of CNY 105,097,680.85 in the same period of 2019[124]. - The net profit for the first half of 2020 was a loss of CNY 16,985,268.45, compared to a profit of CNY 73,364,497.61 in the first half of 2019, indicating a decline of 123.14%[123]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 38.32%, amounting to -¥83,874,309.90 compared to -¥135,975,170.49 in the same period last year[18]. - Cash inflows from operating activities amounted to ¥38,148,508.26, down 28.6% from ¥53,437,908.87 in the first half of 2019[129]. - The net cash flow from financing activities was ¥102,229,344.45, a significant recovery from -¥107,183,981.42 in the same period last year[132]. - The ending balance of cash and cash equivalents was ¥212,736,340.04, an increase from ¥44,332,225.65 at the end of the previous period[132]. - The company's cash and cash equivalents at the end of the period amounted to ¥253,807,084.17, up from ¥122,098,783.61 in the previous year, increasing its proportion of total assets from 4.84% to 9.38%[42]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,706,389,956.25, a slight decrease of 0.26% from ¥2,713,537,312.07 at the end of the previous year[18]. - Total liabilities increased to CNY 1,668,745,512.29 from CNY 1,613,370,761.83, which is an increase of approximately 3.33%[115]. - The company's total equity decreased to CNY 1,037,644,443.96 from CNY 1,100,166,550.24, a decline of about 5.69%[116]. - The total equity attributable to the parent company was ¥942,480,440.59, down 3.28% year-on-year[32]. - The total liabilities at the end of the period were reported at 942,480,000, showing a manageable debt level relative to equity[139]. Business Strategy and Market Conditions - The company plans to focus on the construction of the Changchun International Financial Center, which has a total construction area of 291,500 square meters[26]. - The company has faced significant competitive pressure due to its relatively small scale and limited land reserves, prompting a strategic shift towards business transformation[26]. - The company anticipates continued policy risks in the real estate sector, with a focus on "housing for living, not for speculation" and expects no cancellation of existing regulatory policies in the short term[53]. - The company plans to innovate marketing strategies to meet sales targets and address performance needs amid competitive pressures in the high-end market[53]. - The company aims to explore potential mergers and acquisitions to strengthen its market position and diversify its portfolio[138]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 12,442[95]. - The largest shareholder, Shengshida Investment Co., Ltd., holds 40.81% of the shares, totaling 59,926,083 shares[95]. - The total number of shares before the recent changes was 146,841,890, with no new shares issued or repurchased[93]. - The company did not distribute cash dividends or issue bonus shares for this reporting period[6]. - The company did not issue any preferred shares or convertible bonds during the reporting period[100][103]. Legal and Compliance Matters - The half-year financial report was not audited, indicating potential concerns regarding financial transparency[59]. - The company has ongoing litigation with Jiangsu Huapeng Power Equipment Co., Ltd. regarding a sales contract dispute, with a total claim amount of RMB 4,434,168[63]. - The company has a claim against Shenyang Yuanda Aluminum Industry Engineering Co., Ltd. for a total of RMB 6,426,400 due to contract termination and damages[62]. - No major litigation or arbitration matters during the reporting period[62]. - The company has not engaged in any related party transactions during the reporting period[68]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the going concern assumption, indicating normal production and operational conditions[151]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial reports accurately reflect the financial status and operational results as of June 30, 2020[153]. - The financial reports are compiled in RMB, which is the primary currency for the company's operations[156]. - The company follows specific accounting policies for revenue recognition based on its operational characteristics[152]. - The group recognizes its share of assets and liabilities in joint operations and confirms income from the sale of its share of joint operation outputs[168].

Financial Performance - The company's operating revenue for 2019 was CNY 418,864,406.50, representing a 68.58% increase compared to CNY 248,466,742.41 in 2018[16]. - The net profit attributable to shareholders for 2019 was CNY 36,647,705.01, a significant increase of 315.13% from CNY 8,828,067.26 in the previous year[16]. - The net profit after deducting non-recurring gains and losses reached CNY 38,512,342.74, marking a 423.26% increase from CNY 7,360,068.69 in 2018[16]. - The basic earnings per share for 2019 was CNY 0.25, up 316.67% from CNY 0.06 in 2018[16]. - The total profit reached CNY 94.15 million, marking a significant increase of 472.88% compared to the previous year[31]. - Net profit for the year was CNY 36.65 million, which is a 315.13% increase year-on-year[31]. - The total operating revenue for 2019 was CNY 418.86 million, representing a 68.58% increase compared to CNY 248.47 million in 2018[39]. Assets and Liabilities - The total assets at the end of 2019 were CNY 2,713,537,312.07, a decrease of 3.75% from CNY 2,819,280,455.58 at the end of 2018[16]. - The net assets attributable to shareholders increased by 14.78% to CNY 974,440,948.83 from CNY 848,980,245.86 in 2018[16]. - The total assets as of December 31, 2019, amounted to CNY 2.71 billion, a decrease of 3.75% from the previous year[31]. - Total liabilities decreased from CNY 1,860,635,528.83 in 2018 to CNY 1,613,370,761.83 in 2019, a reduction of approximately 13.29%[186]. - The company's equity attributable to shareholders increased from CNY 848,980,245.86 in 2018 to CNY 974,440,948.83 in 2019, representing a growth of about 14.81%[186]. Cash Flow - The net cash flow from operating activities was negative CNY 186,379,001.02, a decline of 465.99% compared to CNY 50,924,332.06 in 2018[16]. - The total amount of cash and cash equivalents decreased by 144.43% to -¥81,840,364.94[49]. - The company's monetary funds at the end of the year were ¥288,586,281.80, down from ¥499,142,823.25 at the beginning of the year, a decrease of 7.03%[52]. - Operating cash inflow decreased by 67.91% to ¥133,855,746.59, while operating cash outflow decreased by 12.54% to ¥320,234,747.61[49]. Real Estate Development - Real estate development accounted for 96.08% of total revenue, with sales revenue from residential properties reaching CNY 402.46 million, up 65.45% year-on-year[39]. - The gross profit margin for real estate development was 56.19%, an increase of 5.04% from the previous year[41]. - The company is currently developing the Changchun International Financial Center, with a total construction area of 291,500 square meters[26]. - The average occupancy rate for the Changchun International Financial Center is 74.66%, with a total rentable area of 71,494.77 square meters[37]. Dividends - The company plans to distribute a cash dividend of CNY 0.6 per 10 shares, based on a total share capital of 146,841,890 shares as of December 31, 2019[5]. - The total cash dividend for 2019 was CNY 8,810,513.40, representing 24.04% of the distributable profit of CNY 36,647,705.01[72]. - The cash dividend per 10 shares was CNY 0.6 (including tax), with a total of 146,841,890 shares as the basis for distribution[71]. Market and Strategic Focus - The company plans to explore a moderately diversified development model to cultivate new performance growth points[27]. - The company is facing market risks due to inventory pressure in commercial and office products, with a focus on innovative marketing strategies to meet sales targets[66]. - The company acknowledges the impact of national policies on the real estate industry and will closely monitor policy changes to enhance risk resistance[65]. Internal Control and Governance - The company has established a robust internal control system to protect the interests of shareholders, especially minority shareholders[106]. - The independent directors did not raise any objections to company matters during the reporting period[157]. - The company has implemented a performance evaluation system for senior management, linking their compensation to management performance and operational results[161]. - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2019[170]. Employee Management - The company employed a total of 166 staff members, with 52 in production, 16 in sales, 48 in technical roles, 16 in finance, and 34 in administration[144]. - The remuneration structure consists of fixed and variable components, combining short-term and long-term incentives[146]. - The company plans to conduct at least 12 general training sessions and 6 professional training sessions in 2020, aiming for a training participation rate of over 95%[147].

Financial Performance - The company's operating revenue for Q1 2020 was ¥9,691,511.98, a decrease of 68.41% compared to ¥30,675,028.53 in the same period last year[7] - The net profit attributable to shareholders was -¥12,976,811.74, representing a decline of 224.08% from ¥10,458,517.29 in the previous year[7] - Basic and diluted earnings per share were both -¥0.09, a decrease of 228.57% from ¥0.07 in the same period last year[7] - The company reported a net loss of CNY 13,758,116.09, compared to a net profit of CNY 11,836,080.88 in the same period last year[36] - Comprehensive income totalled CNY -34,554,012.26, down from CNY 87,417,952.76 in the previous year[37] - The total comprehensive income for the first quarter was ¥251,391,711.27, a decrease of ¥940,277.21 compared to the previous period[41] Cash Flow - The net cash flow from operating activities improved by 36.06%, amounting to -¥63,093,456.80 compared to -¥98,675,065.24 in the previous year[7] - Cash inflow from operating activities was ¥10,315,900.60, down from ¥25,165,306.39 in the previous period, indicating a decline of approximately 59%[43] - Cash outflow from operating activities totaled ¥73,409,357.40, compared to ¥123,840,371.63 in the previous period, reflecting a decrease of about 40.6%[44] - The net cash flow from investing activities was ¥4,351,200.00, compared to -¥15,928,190.59 in the previous period, showing a significant recovery[44] - Cash inflow from financing activities was ¥432,000,000.00, down from ¥1,104,000,000.00 in the previous period, a decrease of approximately 60.9%[45] - The net cash flow from financing activities was ¥112,498,833.33, a substantial increase from ¥453,740.01 in the previous period[45] - The ending cash and cash equivalents balance was ¥243,292,476.88, an increase from ¥157,226,749.47 in the previous period[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,713,969,049.06, a slight increase of 0.02% from ¥2,713,537,312.07 at the end of the previous year[7] - The net assets attributable to shareholders decreased by 3.25%, totaling ¥942,747,830.51 compared to ¥974,440,948.83 at the end of the previous year[7] - The company's current assets totaled CNY 2,369,053,301.29, up from CNY 2,339,177,413.01 at the end of 2019, indicating a growth of approximately 1.6%[26] - Total liabilities increased to CNY 1,676,356,511.11 from CNY 1,613,370,761.83, marking a rise of approximately 3.9%[28] - The company's equity attributable to shareholders decreased to CNY 942,747,830.51 from CNY 974,440,948.83, a decline of about 3.2%[29] - Short-term borrowings surged to CNY 310,424,040.87 from CNY 160,425,333.33, indicating an increase of approximately 93.5%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,286[10] - The largest shareholder, Shengshida Investment Co., Ltd., held 40.81% of the shares, totaling 59,926,083 shares[10] Operational Insights - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[36] - The company reported no derivative investments or non-compliance with external guarantees during the reporting period[19][21] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[22] Other Financial Metrics - The company received government subsidies amounting to ¥22,287.60 during the reporting period[8] - The company recorded a significant increase in financial expenses, rising to CNY 4,422,192.85 from CNY 1,046,213.60[35] - Other income for the period was CNY 11,773.09, with investment income recorded at CNY 13,951,039.20 in the previous period[35] - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[50]

Financial Performance - The company's operating revenue for 2019 was CNY 418,864,406.50, representing a 68.58% increase compared to CNY 248,466,742.41 in 2018[16]. - The net profit attributable to shareholders for 2019 was CNY 36,647,705.01, a significant increase of 315.13% from CNY 8,828,067.26 in 2018[16]. - The net profit after deducting non-recurring gains and losses was CNY 38,512,342.74, up 423.26% from CNY 7,360,068.69 in the previous year[16]. - The basic earnings per share for 2019 was CNY 0.25, an increase of 316.67% compared to CNY 0.06 in 2018[16]. - The total profit reached CNY 94.15 million, marking a significant increase of 472.88% compared to the previous year[30]. - Net profit for the year was CNY 36.65 million, reflecting a year-on-year growth of 315.13%[30]. - The company reported a net profit of -45,200,379 yuan from its subsidiary Beijing Rongfeng Real Estate Development Co., Ltd., with a total revenue of 12,263,078.5 yuan[63]. - The company reported a significant decrease in interest expenses, contributing to improved profitability[62]. - The total comprehensive income amounted to CNY 110,336,053.44, down from CNY 264,824,707.33 in the previous year[193]. Assets and Liabilities - The total assets at the end of 2019 were CNY 2,713,537,312.07, a decrease of 3.75% from CNY 2,819,280,455.58 at the end of 2018[16]. - Current assets totaled CNY 2,339,177,413.01, slightly down from CNY 2,390,773,439.77 in the previous year, indicating a decrease of about 2.16%[180]. - Cash and cash equivalents decreased significantly from CNY 499,142,823.25 in 2018 to CNY 288,586,281.89 in 2019, representing a decline of approximately 42.19%[180]. - Total liabilities as of December 31, 2019, were CNY 335,221,067.31, compared to CNY 94,979,358.15 in 2018, indicating an increase of 253.1%[188]. - Total current liabilities decreased from CNY 1,705,702,801.68 in 2018 to CNY 1,387,623,363.92 in 2019, a reduction of approximately 18.63%[182]. - Long-term borrowings increased from CNY 70,328,700.00 in 2018 to CNY 180,368,500.00 in 2019, reflecting an increase of approximately 156.36%[182]. Cash Flow - The company reported a negative net cash flow from operating activities of CNY -186,379,001.02, a decline of 465.99% compared to CNY 50,924,332.06 in 2018[16]. - Operating cash inflow decreased by 67.91% to CNY 133,855,746.59 compared to the previous year[49]. - Investment cash inflow increased by 164.43% to CNY 385,426,765.31, primarily due to the sale of shares in Changsha Bank[51]. - Cash inflow from investment activities was CNY 385,426,765.31, compared to CNY 145,760,194.35 in the previous year, indicating a strong investment recovery[200]. - Cash outflow for investment activities was CNY 115,331,389.46, up from CNY 26,662,715.51 in the previous year, reflecting increased investment efforts[200]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 0.6 per 10 shares to all shareholders based on the total share capital of 146,841,890 shares as of December 31, 2019[4]. - The company distributed cash dividends of 8,810,513.4 yuan for the fiscal year 2019, with a payout of 0.6 yuan per 10 shares[69]. - The cash dividend amount for 2018 was CNY 5,873,675.60, which accounted for 66.53% of the total profit distribution[72]. - The largest shareholder, Shengshida Investment Co., Ltd., holds 40.53% of the shares, totaling 59,521,503 shares, with a pledge status[116]. - The total number of ordinary shareholders at the end of the reporting period is 8,119, an increase from 7,348 at the end of the previous month[115]. Market and Competitive Environment - The company is focusing on differentiated development strategies to navigate competitive pressures and explore moderate diversification for new growth points[26]. - The company’s main project, Changchun International Financial Center, is positioned as a high-end commercial product, facing significant market competition[33]. - The company is facing market risks due to high competition in the Changchun market, particularly for high-end commercial products[66]. Governance and Compliance - The company maintains a robust internal control system to protect the interests of shareholders, especially minority shareholders[105]. - The company governance structure complies with relevant regulations, ensuring equal rights for all shareholders, particularly minority shareholders[146]. - The board of directors consists of 7 members, including 3 independent directors, and operates through four specialized committees to oversee various functions[147]. - The company did not report any significant accounting errors or changes in accounting estimates during the reporting period[80][79]. - The company did not engage in any major litigation or arbitration matters during the reporting period[85]. Employee and Management Information - The total remuneration for 13 directors, supervisors, and senior management in 2019 amounted to 6.0408 million CNY[138]. - The company employed a total of 166 staff, with 52 in production, 16 in sales, 48 in technology, 16 in finance, and 34 in administration[140]. - The company has established a performance-based remuneration system to align employee incentives with overall strategic goals[141]. - The company plans to conduct at least 12 general training sessions and 6 professional training sessions in 2020, aiming for a training participation rate of over 95%[143].

Financial Performance - Operating revenue for the current period was CNY 62,703,341.11, representing a 37.89% increase year-on-year[7] - Net profit attributable to shareholders for the current period was CNY 154,149.21, a significant increase of 202.62% year-on-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 302,392.00, reflecting a massive increase of 12,535.42% year-on-year[7] - Basic earnings per share for the current period was CNY 0.01, up 1,100.00% year-on-year[7] - Total operating revenue for Q3 2019 was CNY 62,703,341.11, an increase of 37.9% compared to CNY 45,473,103.73 in the same period last year[35] - Net profit for Q3 2019 was CNY 1,189,379.81, a significant increase from CNY 39,787.78 in Q3 2018[36] - Total operating revenue for the period reached ¥373,369,769.19, a significant increase from ¥142,340,774.55 in the previous period, representing a growth of approximately 162.5%[41] - Net profit for the period was ¥74,553,877.42, a substantial rise from ¥5,443,172.28 in the same period last year, reflecting an increase of approximately 1,267.5%[43] - The net profit attributable to the parent company was ¥65,474,434.97, compared to ¥4,639,134.60 in the previous period, reflecting an increase of approximately 1,313.5%[43] Assets and Liabilities - Total assets decreased by 9.29% to CNY 2,557,449,068.49 compared to the end of the previous year[7] - The company's current assets totaled CNY 1,931,290,535.30, down from CNY 2,390,773,439.77, indicating a decrease of about 19.2%[25] - Total liabilities decreased from CNY 1,860,635,528.83 to CNY 1,467,664,130.25, a reduction of approximately 21.1%[27] - The company's equity increased from CNY 958,644,926.75 to CNY 1,089,784,938.24, representing an increase of about 13.7%[28] - The company's total liabilities as of Q3 2019 amounted to CNY 108,191,972.96, compared to CNY 94,979,358.15 in the previous year, reflecting an increase of 14.0%[33] - Total liabilities reached ¥94,979,358.15[65] - Total equity reached ¥304,773,391.32, with retained earnings of ¥20,804,478.40[65] Cash Flow - The company reported a net cash flow from operating activities of -CNY 159,574,595.60, a decrease of 613.37% year-on-year[7] - Cash inflows from operating activities totaled 93,123,513.76 CNY, down 70.06% from 319,603,699.23 CNY in the previous period[50] - The net cash flow from operating activities was -159,574,595.60 CNY, a significant decrease from 31,083,453.09 CNY in the previous period[51] - Cash inflows from investment activities were 64,203,690.06 CNY, compared to 145,758,192.39 CNY in the previous period, reflecting a decline of 56.01%[52] - The net cash flow from investment activities was 13,915,551.08 CNY, down 88.32% from 119,172,596.49 CNY in the previous period[52] - Cash inflows from financing activities amounted to 1,450,287,500.00 CNY, a substantial increase from 423,800,000.00 CNY in the previous period[52] - The net cash flow from financing activities was -103,135,625.89 CNY, slightly worse than -95,649,711.36 CNY in the previous period[52] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,420[11] - The largest shareholder, Shengshida Investment Co., Ltd., held 40.28% of the shares, totaling 59,149,203 shares[11] Inventory and Other Assets - Inventory levels were reported at CNY 1,770,260,405.88, down from CNY 1,849,290,832.53, reflecting a decrease of about 4.3%[25] - The company reported other receivables of CNY 38,023,945.28, including interest receivables of CNY 17,922,029.95[58] - The non-current assets totaled CNY 428,507,015.81, with fixed assets valued at CNY 3,969,253.98[59] Financial Ratios and Metrics - The weighted average return on net assets was 0.02%, down from 7.44% at the end of the previous year[7] - The total liabilities to equity ratio stands at approximately 2.19, suggesting a higher reliance on debt financing[61] - The company achieved a gross profit margin of approximately 56.5% for the current period, compared to 49.8% in the previous period, indicating an improvement in profitability[41] Other Financial Information - The company reported a financial expense of CNY 7,787,808.28 in Q3 2019, compared to a financial income of CNY 1,685,643.55 in the same period last year[35] - The company recorded a credit impairment loss of CNY 1,803,598.00, up from CNY 506,124.00 in the previous year[36] - The total comprehensive income for Q3 2019 was CNY 26,256,856.17, compared to CNY 39,787.78 in Q3 2018[37] - The total comprehensive income for the period was -3,006,135.49 CNY, compared to -2,181,108.45 CNY in the previous period, indicating a decline[48] - The company did not undergo an audit for the third quarter report[66]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 310,666,428.08, representing a 220.71% increase compared to CNY 96,867,670.82 in the same period last year[18]. - The net profit attributable to shareholders was CNY 65,320,285.76, a significant increase of 1,263.87% from CNY 4,789,342.37 year-on-year[18]. - The net profit after deducting non-recurring gains and losses reached CNY 54,789,398.03, up 1,483.74% from CNY 3,459,503.92 in the previous year[18]. - The basic earnings per share increased to CNY 0.44, a rise of 1,366.67% compared to CNY 0.03 in the same period last year[18]. - The total comprehensive income for the first half of 2019 was CNY 105,097,680.85, compared to CNY 5,403,384.50 in the same period of 2018, reflecting an increase of approximately 1,843.5%[112]. - The company reported a significant increase in investment income, which rose to CNY 14,189,389.07 from CNY 245,292.39 year-on-year[111]. - Tax expenses for the first half of 2019 were CNY 22,488,434.96, compared to CNY 1,565,323.97 in the same period of 2018, indicating a rise of approximately 1,356.5%[111]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,521,136,756.62, down 10.58% from CNY 2,819,280,455.58 at the end of the previous year[18]. - The total liabilities decreased to CNY 1,463,267,824.61 from CNY 1,860,635,528.83, a reduction of approximately 21%[103]. - The company's equity increased to CNY 1,057,868,932.01 from CNY 958,644,926.75, reflecting an increase of about 10%[103]. - The company's cash and cash equivalents decreased by RMB 227,044,039.64, a decline of 495.35% year-on-year[39]. - The total liabilities as of the end of the reporting period amounted to CNY 110,660,707.76, up from CNY 94,979,358.15 at the end of the previous period, representing an increase of about 16.5%[108]. Real Estate Development - The company plans to continue its real estate development business, focusing on residential and commercial properties, with the main project being the Changchun International Financial Center[26]. - The real estate development investment in China for the first half of 2019 was CNY 61,609 billion, showing a year-on-year growth of 10.9%[26]. - The gross profit margin for real estate development was 58.64%, an increase of 8.64% compared to the previous year[38]. - The total sales area of commercial housing in Changchun increased by 26% year-on-year, with an average transaction price of RMB 9,692 per square meter, up 11%[33]. - In Chongqing, the total sales area of commercial housing decreased by 9.9% year-on-year, with a sales revenue of RMB 2,619.84 billion, down 5.3%[33]. Cash Flow and Financing - The company reported a net cash flow from operating activities of RMB -135,975,170.49, a decline of 888.60% compared to the previous year[39]. - The company raised 765,000,000.00 in borrowings, significantly higher than 170,300,000.00 in the first half of 2018[120]. - The net cash flow from financing activities was -107,183,981.42, compared to -78,990,530.47 in the previous year[120]. - The company received cash from sales of goods and services amounting to 44,492,875.44, a decrease from 177,660,656.24 in the previous year[117]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 7,213[85]. - The largest shareholder, Shengshida Investment Co., Ltd., holds 40.28% of the shares, totaling 59,149,203 shares[85]. - The second-largest shareholder, Unisplendour Corporation Limited, holds 3.77% of the shares, totaling 5,529,576 shares[85]. - The company did not distribute cash dividends or issue new shares during the half-year period[54]. Governance and Compliance - The company has a well-established governance structure and risk control system, enhancing its operational stability[29]. - The company is committed to avoiding conflicts of interest and ensuring fair transactions with related parties[56]. - The company did not engage in any derivative investments during the reporting period[44]. - There were no significant litigation or arbitration matters during the reporting period[60]. Future Outlook and Strategy - The company will adopt a steady growth strategy, emphasizing product and model innovation to enhance operational capabilities[26]. - The company plans to continue exploring moderate diversification strategies due to limited land reserves and competitive pressure in the real estate market[50]. - The company anticipates potential risks from market competition and policy changes affecting the real estate sector[49]. Accounting Policies - The company follows the Chinese Accounting Standards for the preparation of its financial statements[142]. - The financial statements are prepared based on the going concern assumption, indicating normal production and financial conditions[141]. - The company applies a perpetual inventory system for inventory management[171]. - The company recognizes impairment losses when the recoverable amount of an asset is less than its carrying amount[195].

荣丰控股集团股份有限公司 2019 年第一季度报告 荣丰控股集团股份有限公司 2019 年第一季度报告全文 2019-018 2019 年 04 月 1 荣丰控股集团股份有限公司 2019 年第一季度报告全文 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。 公司负责人王征、主管会计工作负责人吴庆及会计机构负责人(会计主管人 员)吴庆声明：保证季度报告中财务报表的真实、准确、完整。 2 荣丰控股集团股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 30,675,028.53 | 30,350,344.89 | 1.07% | | 归属于上市公司股东的净利润（元） | 10,458,517.29 | 2,54 ...

Financial Performance - The company's operating revenue for 2018 was CNY 248,466,742.41, representing a decrease of 7.97% compared to CNY 269,986,791.41 in 2017[16] - The net profit attributable to shareholders for 2018 was CNY 8,828,067.26, down 14.98% from CNY 10,383,762.72 in 2017[16] - The net cash flow from operating activities decreased by 55.77% to CNY 50,924,332.06 from CNY 115,124,629.69 in the previous year[16] - The basic earnings per share for 2018 was CNY 0.06, a decline of 14.29% from CNY 0.07 in 2017[16] - The total profit amounted to ¥16,434,331.47, down 23.74% compared to the previous year, while net profit was ¥8,828,067.26, a decline of 14.98%[38] - The company reported a significant increase in available-for-sale financial assets, rising to ¥353,260,242.60 from ¥14,844,134.00, a growth of over 2,300%[175] - The total comprehensive income for the period was CNY 264,824,707.33, an increase from CNY 13,891,574.35 in the previous period[183] Assets and Liabilities - Total assets at the end of 2018 increased by 24.71% to CNY 2,819,280,455.58 from CNY 2,260,739,021.19 at the end of 2017[16] - The total liabilities reached CNY 1,860,635,528.83, an increase from CNY 1,563,981,963.97[177] - The company's total assets increased to ¥2,819,280,455.58 from ¥2,260,739,021.19, reflecting a growth of around 24.7%[175] - The company's total liabilities decreased from ¥1,068,000,000 to ¥1,000,000,000, showing a reduction of approximately 6.36%[175] - Total equity attributable to shareholders of the parent company was CNY 848,980,245.86, up from CNY 614,658,143.09[177] Cash Flow - Operating cash inflow totaled ¥417,077,263.39, a year-on-year increase of 6.55%[50] - Cash flow from operating activities generated a net cash inflow of CNY 50,924,332.06, a decrease from CNY 115,124,629.69 in the previous period[190] - Cash flow from investing activities resulted in a net cash inflow of CNY 119,097,478.84, compared to a net outflow of CNY -106,409,616.14 in the previous period[190] - Cash flow from financing activities produced a net cash inflow of CNY 14,166,061.56, an increase from CNY 6,599,970.58 in the previous period[191] Market and Development - The company is currently developing the Changchun International Financial Center, with a total construction area of 291,500 square meters, including residential, office, and commercial properties[33] - The company plans to achieve a sales contract amount of CNY 300 million to CNY 500 million for the Changchun International Financial Center project in 2019[68] - The company aims to complete the overall construction of the Changchun International Financial Center project by the end of 2019[68] - The company plans to maintain a differentiated development strategy, focusing on steady growth and exploring moderate diversification to create new performance growth points[25] Shareholder and Governance - The total number of shares outstanding is 146,841,890, with 99.89% being unrestricted shares[112] - The largest shareholder, Shengshida Investment Co., Ltd., holds 57,680,703 shares, representing 39.28% of total shares[115] - The company has maintained a continuous relationship with its auditing firm for 9 years, with an audit fee totaling 720,000 yuan for the current period[83] - The company has established a robust internal control system to protect the interests of shareholders, especially minority shareholders[105] Employee and Management - The company employed a total of 160 staff members, including 40 production personnel, 22 sales personnel, 46 technical personnel, 15 financial personnel, and 37 administrative personnel[137] - The total remuneration for 14 directors, supervisors, and senior management personnel amounted to 5.9391 million yuan as of December 31, 2018[133] - The company has not granted any equity incentives to directors and senior management during the reporting period[136] - The company emphasizes the importance of external market competitiveness and internal fairness in its compensation policy, aiming to motivate employees to enhance their performance and skills[139] Regulatory and Compliance - The company faced penalties from the China Securities Regulatory Commission for information disclosure violations, resulting in fines of 300,000 yuan for two individuals[132] - The company has not reported any major accounting errors requiring retrospective restatement during the reporting period[80] - The company has not engaged in any related party transactions during the reporting period[88] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies[199] - Future guidance indicates a positive outlook for revenue growth and profitability improvements[199] - The company anticipates that the real estate market will continue to focus on destocking, with significant inventory pressure on commercial products[67]