福建漳州发展股份有限公司 2017 年第三季度报告正文 证券代码：000753 证券简称：漳州发展 公告编号：2017-050 福建漳州发展股份有限公司 2017 年第三季度报告正文 1 福建漳州发展股份有限公司 2017 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。 公司负责人黄键鹏、主管会计工作负责人林阿头、总会计师许浩荣及会计 机构负责人陈辉明声明：保证季度报告中财务报表的真实、准确、完整。 2 福建漳州发展股份有限公司 2017 年第三季度报告正文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 5,167,094,512.49 | 5,410,109,523.09 | | -4.49% | | 归 ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥1,302,571,968.15, a decrease of 9.33% compared to the same period last year[18]. - Net profit attributable to shareholders was ¥11,413,363.50, representing a significant increase of 151.26% year-on-year[18]. - Basic earnings per share rose to ¥0.0115, an increase of 125.49% compared to the same period last year[18]. - The company's total revenue for the first half of 2017 was CNY 1,302,571,968.15, a decrease of 9.33% compared to the same period last year[37]. - Net profit attributable to the parent company for the first half of 2017 was CNY 1,141,340,000, reflecting a year-on-year increase due to improved performance in the automotive trade sector[35]. - The total comprehensive income for the first half of 2017 was CNY 9,304,420.89, compared to CNY 2,869,496.15 in the previous year, indicating a significant increase[181]. - The total operating costs were CNY 1,282,394,087.79, down from CNY 1,427,783,944.17, a decrease of 10.2%[180]. - The financial expenses decreased to CNY 38,835,632.60 from CNY 45,219,292.38, a reduction of 14.5%[180]. Cash Flow - The net cash flow from operating activities improved to ¥162,956,464.46, recovering from a negative cash flow of ¥49,760,285.85 in the previous year[18]. - Total cash inflow from operating activities was ¥1,930,632,174.10, while cash outflow was ¥1,767,675,709.64, resulting in a net cash inflow[186]. - Cash flow from investment activities showed a net outflow of ¥35,572,920.84, an improvement from the previous period's outflow of ¥226,781,537.56[188]. - The net cash flow from financing activities was -¥229,401,505.05, contrasting with a positive cash flow of ¥360,732,108.93 in the previous period[188]. - The company reported a significant increase in cash received from other operating activities, totaling ¥135,265,517.05, compared to ¥87,222,566.57 in the previous period[186]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,255,259,076.36, down 2.86% from the end of the previous year[18]. - The net assets attributable to shareholders decreased slightly to ¥2,090,391,845.24, a decline of 0.87% from the previous year[18]. - The company's cash and cash equivalents amounted to CNY 1,278,702,176.98, representing 24.33% of total assets, a decrease of 2.62% compared to the previous period[46]. - Total liabilities amounted to RMB 3,007,703,043.15, down from RMB 3,142,113,478.64, indicating a reduction of approximately 4.29%[173]. - Short-term borrowings decreased to CNY 741,577,015.47, which is 14.11% of total assets, down by 4.11%[46]. Business Segments - The water supply business achieved a total water supply of 44.20 million cubic meters and a sales volume of 29.77 million cubic meters, with a revenue of 89.17 million yuan, representing a year-on-year growth of 17.20%[32]. - The automotive segment generated revenue of 1.12 billion yuan, a year-on-year decrease of 1.76%, while net profit increased by 32.72% to 23.63 million yuan, attributed to increased manufacturer rebates and new store subsidies[33]. - The real estate segment reported revenue of 92.39 million yuan and a net profit of 3.21 million yuan, with ongoing project developments expected to release profits[33]. - The company’s water supply accounted for over 90% of the total supply in Zhangzhou, demonstrating a strong market position[32]. - The real estate development business saw a revenue increase of 178.96% year-on-year, with a gross profit margin of 39.50%[39]. Investments and Projects - The company invested CNY 19,360,000 in the reporting period, reflecting a 10.08% increase compared to CNY 17,588,000 in the same period last year[49]. - The investment progress for the Dongdun Wastewater Treatment Plant (Phase I) BOT project is 62.82%, with expected economic benefits realized in 2017[63]. - The Pinghe County Second Wastewater Treatment Plant BOT project has reached 100% completion, with a total investment of CNY 2,700 million[63]. - The company has established a comprehensive automotive service operation model, expanding beyond traditional 4S stores to include new sales channels[24]. Corporate Governance and Compliance - The company aims to establish a long-term mechanism for standardized governance and compliance with relevant regulations to ensure sustainable development[89]. - The company received a warning letter from the Fujian Securities Regulatory Bureau on January 13, 2017, due to undisclosed related party transactions in the 2016 semi-annual report, resulting in underreported accounts payable and inventory[89]. - The company did not implement any employee stock ownership plans or other incentive measures during the reporting period[90]. Future Outlook - The company plans to focus on enhancing its market presence and exploring new strategic initiatives in the upcoming periods[199]. - Future guidance suggests a cautious but optimistic outlook, with expectations of gradual recovery and growth in the market[199].

Financial Performance - The company's operating revenue for the first half of 2017 was ¥1,302,571,968.15, a decrease of 9.33% compared to ¥1,436,538,596.28 in the same period last year[18]. - Net profit attributable to shareholders increased by 151.26% to ¥11,413,363.50, up from ¥4,542,459.27 in the previous year[18]. - The net cash flow from operating activities was ¥162,956,464.46, a significant improvement from a negative cash flow of ¥49,760,285.85 in the same period last year[18]. - Basic and diluted earnings per share rose by 125.49% to ¥0.0115, compared to ¥0.0051 in the previous year[18]. - The company reported a total comprehensive income of ¥9,304,420.89, up from ¥2,869,496.15, indicating a growth of approximately 224.5% year-over-year[177]. - The company recorded a total profit of ¥21,995,147.90, up from ¥14,277,735.30, representing an increase of approximately 54.0% year-over-year[50]. - The company reported a net profit distribution to shareholders of CNY -29,744,432.13, indicating a reduction in retained earnings[195]. Asset and Liability Management - Total assets at the end of the reporting period were ¥5,255,259,076.36, a decrease of 2.86% from ¥5,410,109,523.09 at the end of the previous year[18]. - The company's cash and cash equivalents amounted to CNY 1,278,702,176.98, representing 24.33% of total assets, a decrease of 2.62% compared to the previous period[46]. - Total liabilities decreased from CNY 3,142,113,478.64 to CNY 3,007,703,043.15, a reduction of about 4.3%[169]. - Short-term borrowings decreased to CNY 741,577,015.47, accounting for 14.11% of total liabilities, down by 4.11%[46]. - The debt-to-asset ratio stands at 57.23%, a decrease of 0.85% from the previous year[154]. Business Segments Performance - The water supply business achieved a total water supply of 44.20 million cubic meters and a sales volume of 29.77 million cubic meters, with a revenue of 89.17 million yuan, representing a year-on-year growth of 17.20%[32]. - The wastewater treatment volume reached 23.83 million cubic meters, with a net profit of 7.41 million yuan, a year-on-year decrease of 28.24% due to the closure of the East District wastewater treatment plant[32]. - The automotive trade segment generated revenue of 1.12 billion yuan, a year-on-year decrease of 1.76%, while net profit increased by 32.72% to 23.63 million yuan, attributed to increased manufacturer rebates and new store subsidies[33]. - The real estate segment reported revenue of 92.39 million yuan and a net profit of 3.21 million yuan, with ongoing project developments expected to release profits[33]. Investment and Capital Management - The company invested CNY 19,360,000 in the reporting period, reflecting a 10.08% increase compared to CNY 17,588,000 in the same period last year[49]. - The total amount of funds raised through non-public offerings was CNY 117,888,680, with CNY 36,518,100 utilized in the current period[54]. - The company has registered a short-term financing bond of up to RMB 1.6 billion, which is valid for two years and can be issued in installments[115]. - The company has signed a memorandum with Xingzheng Innovation Capital Management Co., Ltd. to establish a fund with a total scale of RMB 500 million, aimed at investing in quality projects in environmental protection, water services, and advanced manufacturing[116]. Corporate Governance and Compliance - The company has committed to improving corporate governance and compliance with regulations to ensure sustainable development[89]. - The company received a warning letter from the Fujian Securities Regulatory Bureau on January 13, 2017, due to undisclosed related party transactions in the 2016 semi-annual report, leading to underreported accounts payable and inventory issues[89]. - There were no significant related party transactions during the reporting period, indicating a focus on compliance and governance[91]. Future Outlook and Strategy - The company is focusing on optimizing internal costs and improving asset utilization in the automotive segment to maintain profitability[33]. - The company plans to implement cost reduction and efficiency enhancement strategies in its automotive business, focusing on after-sales service and increasing penetration in automotive finance and insurance[76]. - The company aims to reduce funding costs and accelerate project construction in its real estate business to ensure timely revenue realization[76]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[192].

Financial Performance - The company's operating revenue for Q1 2017 was ¥670,672,112.47, a decrease of 15.07% compared to ¥789,664,178.82 in the same period last year[8] - Net profit attributable to shareholders was ¥9,911,916.64, representing an increase of 27.60% from ¥7,767,969.60 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,310,890.99, up 49.16% from ¥5,571,766.51 in the previous year[8] - Basic earnings per share increased by 11.11% to ¥0.010 from ¥0.009 in the previous year[8] - The company's net profit for the current period is CNY 9,322,909.95, representing a 33.16% increase compared to CNY 7,001,487.63 in the previous period[16] - Net profit for Q1 2017 reached CNY 9,322,909.95, an increase of 33.03% compared to CNY 7,001,487.63 in Q1 2016[44] - The net profit for the first quarter of 2017 was -¥18,061,518.02, compared to a net profit of ¥7,423,387.97 in the same period last year, indicating a significant decline[48] - Operating profit for the first quarter was -¥19,109,477.50, down from ¥9,895,321.00 in the previous year, reflecting a negative performance trend[48] - The company reported a total comprehensive income of -¥18,061,518.02 for the first quarter, compared to ¥7,423,387.97 in the same period last year[48] Cash Flow - The net cash flow from operating activities was ¥3,334,495.38, a significant improvement from a negative cash flow of ¥5,493,681.22 in the same period last year[8] - Cash flow from operating activities generated a net cash inflow of ¥3,334,495.38, a recovery from a net outflow of -¥5,493,681.22 in the previous year[51] - Cash flow from investing activities resulted in a net outflow of -¥44,132,139.33, compared to -¥208,511,441.68 in the same period last year, showing an improvement[52] - Cash flow from financing activities showed a net outflow of -¥153,933,282.87, a decrease from a net inflow of ¥463,815,577.67 in the previous year[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,260,754,228.21, down 2.76% from ¥5,410,109,523.09 at the end of the previous year[8] - The total assets at the end of the period amount to CNY 117,560,484.83, which is a 40.69% increase from CNY 83,559,886.76 at the beginning of the year[16] - The company's total assets amounted to CNY 3,629,238,289.66, a decrease from CNY 3,703,544,263.20 at the end of the previous period[42] - The company's total liabilities decreased to ¥2,983,461,803.05 from ¥3,142,113,478.64, indicating a reduction of about 5.1%[38] - Total liabilities were CNY 1,582,657,366.35, down from CNY 1,638,901,821.87 in the previous period[42] - The company's liabilities decreased, with accounts payable dropping by 43.39% to CNY 69,138,313.66 from CNY 122,126,524.00[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 83,452[12] - The net assets attributable to shareholders increased by 0.47% to ¥2,118,713,273.31 from ¥2,108,827,885.91 at the end of the previous year[8] Financial Expenses - The company's financial expenses increased by 58.39% to CNY 21,700,956.51 from CNY 13,701,970.56 due to the accrual of short-term financing bond interest[16] - Financial expenses increased to CNY 21,700,956.51 in Q1 2017, up from CNY 13,701,970.56 in Q1 2016[44] Investment Activities - The company’s investment activities cash outflow decreased by 76.94% to CNY 48,571,001.86 from CNY 210,663,488.68 in the previous period[17] - The company reported an investment loss of CNY 480,044.39 in Q1 2017, compared to a loss of CNY 227,414.45 in the same period last year[44] Contracts and Financing - The company signed a construction contract with Fujian Zhanglong Construction Group for the real estate development project "Zhangfa·Shangshui Mingdu (Phase II)" at a contract price of ¥230,700,883.27[22] - The company has registered for a short-term financing bond of up to ¥1.6 billion, which is valid for two years and can be issued in installments[23] Other Information - The company has no overdue commitments from shareholders or related parties during the reporting period[25] - The company has not engaged in any securities or derivative investments during the reporting period[28][27] - There are no violations regarding external guarantees during the reporting period[30] - The company has not disclosed any new product developments or market expansion strategies in the current report[56] - The first quarter report was not audited, indicating that the figures may be subject to change upon further review[56]

Financial Performance - The company's operating revenue for 2016 was CNY 3,143,702,432.58, representing a 0.68% increase from CNY 3,122,574,038.62 in 2015[19] - The net profit attributable to shareholders was CNY 203,970,879.24, a significant recovery from a loss of CNY 83,996,133.94 in the previous year[19] - The net cash flow from operating activities increased by 651.77% to CNY 162,801,215.22, compared to CNY 21,655,734.81 in 2015[19] - The total assets of the company reached CNY 5,410,109,523.09, marking a 41.55% increase from CNY 3,822,152,388.15 at the end of 2015[19] - The net assets attributable to shareholders increased by 60.32% to CNY 2,108,827,885.91 from CNY 1,315,402,120.26 in 2015[19] - The basic earnings per share for 2016 was CNY 0.231, recovering from a loss of CNY 0.095 in the previous year[19] - The weighted average return on equity was 14.39%, a significant improvement from -5.98% in 2015[19] Dividends and Share Issuance - The company plans to distribute a cash dividend of CNY 0.3 per 10 shares, totaling CNY 29,744,430.21 based on the current share count[5] - The company completed a non-public offering of 107,334,526 new shares, increasing its registered capital to CNY 991,481,071[16] - The company successfully subscribed for 71,556,351 shares in the non-public offering, which will be locked for 36 months post-listing[122] - The company successfully subscribed for 35,778,175 shares in the non-public offering, which will also be locked for 36 months post-listing[123] Business Segments Performance - The water services segment accounted for over 90% of the total water supply in the urban area of Zhangzhou, demonstrating the company's market dominance[25] - The automotive trade segment sold over 19,000 new vehicles, generating operating revenue of CNY 2.581 billion, a year-on-year increase of 15.79%[35] - The real estate segment generated revenue of CNY 90.52 million, with a net loss of CNY 38.50 million, as most projects were still under construction[37] - The construction segment achieved operating revenue of CNY 189.21 million, a year-on-year increase of 36.18%[39] Strategic Focus and Future Plans - The company is focusing on optimizing resource allocation across its business segments to improve overall profitability and mitigate operational risks[33] - The company plans to continue expanding its water supply and wastewater treatment capabilities while exploring new value-added services in urban infrastructure[39] - The company aims to leverage its state-owned enterprise background to enhance its competitive edge and innovation capabilities in the market[29] - The company plans to accelerate the construction of water and real estate projects to improve overall profitability in 2017[104] Related Party Transactions and Governance - The company has committed to reducing and standardizing related party transactions, ensuring that any necessary transactions are conducted on a fair and reasonable basis[118] - The company has pledged to ensure that any related party transactions do not adversely affect its operational independence and performance stability[119] - The company has confirmed that all major related transactions have been disclosed in accordance with regulations[141] Investments and Acquisitions - The company acquired 100% equity of Shengda Real Estate for a total investment of ¥139,679,600, with the acquisition completed on March 29, 2016[78] - The company transferred 45% equity of Fujian Xinhai Real Estate Development Co., Ltd. for a net asset value of CNY 197.15 million, and retained a total of 43% equity after the transaction[127] - The company recognized an investment income of CNY 22.21 million from the transfer of equity in Zhangzhou Huajun Fuyuan Automobile Sales Service Co., Ltd.[132] Financial Management and Risk - The company has improved its funding situation through various financing methods, including non-public A-share issuance and corporate bonds[106] - The actual guarantee total accounted for a significant portion of the company's net assets, reflecting a cautious approach to financial risk management[145] - The company has not provided guarantees for shareholders or related parties during the reporting period[145] Corporate Social Responsibility - The company has actively fulfilled social responsibilities, releasing its 10th social responsibility report in 2016[150] - The company’s social welfare donations amounted to RMB 28.3 million in funds, materials, and professional services[151] Management and Governance Changes - Li Qin resigned as the board secretary on January 20, 2016, due to job adjustments, while still serving as a director and deputy general manager[198] - Han Jinpeng was appointed as the new board secretary on January 20, 2016, alongside his roles as director and deputy general manager[198] - Chairman Zhuang Wenhai left his position on October 14, 2016, due to job adjustments[198] - Lin Fenmian was elected to perform the duties of chairman and legal representative on October 14, 2016[198]

Financial Performance - Total assets increased by 21.55% to CNY 4,645,773,998.18 compared to the end of the previous year[9] - Operating revenue for the reporting period was CNY 726,216,150.44, a year-on-year increase of 1.23%[9] - Net profit attributable to shareholders was CNY 11,651,190.36 for the reporting period[9] - Basic earnings per share for the reporting period was CNY 0.013, unchanged from the previous year[9] - The weighted average return on net assets decreased to 0.88% from 2.15% in the previous year[9] - The net profit after deducting non-recurring gains and losses was CNY 9,588,239.03 for the reporting period[9] - The company reported a net profit attributable to shareholders of ¥16,193,649.63, a 132.24% increase compared to a loss of ¥50,236,231.69 in the previous period, mainly due to the transfer of 100% equity in Zhangzhou Huajun Fuyuan[20] Cash Flow and Liabilities - Net cash flow from operating activities showed a significant decline of 458.39%, totaling CNY -58,492,786.16[9] - The company’s cash flow from operating activities showed a net outflow of ¥58,492,786.16, a 458.39% decrease compared to the previous period, attributed to increased payments related to the acquisition of Shengda Real Estate[22] - Long-term borrowings increased by 415.66% to ¥612,768,400.00, with new long-term loans of ¥201 million from the parent company and ¥294 million from the water services group[20] - The company’s total liabilities rose by 33.90% to ¥3,150,498,069.12, driven by the increase in long-term borrowings[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 76,121[13] - The largest shareholder, Fujian Zhanglong Group Co., Ltd., holds 21.16% of the shares[13] Investments and Financing - The company plans to issue short-term financing bonds not exceeding ¥200 million, with the lead underwriter being China Minsheng Bank[24] - The company registered a short-term financing bond of 200 million RMB on September 1, 2016, valid for two years, but it has not been issued as of the report date[25] - The company approved the issuance of ultra-short-term financing bonds up to 1.6 billion RMB, with a maximum term of 270 days, on September 1, 2016, but these have also not been issued yet[25] - The company plans to raise up to 600 million RMB through a non-public offering of A-shares, with the funds allocated to various wastewater treatment projects and working capital[34] - The total investment for the wastewater treatment projects is approximately 824 million RMB, with 600 million RMB planned to be raised from the non-public offering[34] - The company has approved the issuance of up to 107.3 million shares at a price of 5.59 RMB per share, raising a total of 600 million RMB[34] Related Party Transactions and Compliance - The company has committed to maintaining independence in operations, finance, and business with its controlling shareholder, Fujian Zhanglong Group[39] - The company is ensuring that any necessary related transactions are conducted at market prices and in compliance with legal regulations[40] - The company has made commitments to avoid conflicts of interest and ensure fair dealings with its controlling shareholder[40] - The company is focused on reducing and standardizing related party transactions to protect its operational independence[40] - The company has outlined a commitment to timely recovery of receivables arising from related transactions[40] - The company is committed to transparency and compliance with disclosure obligations regarding related transactions[40] Corporate Governance - The chairman, Mr. Zhuang Wenhai, resigned due to work changes, and Mr. Lin Fenmian was elected as the new chairman[51] - The board of directors held the 10th temporary meeting of the 7th board on October 14, 2016[52] Other Notable Events - The company conducted a special self-inspection regarding its real estate development projects, concluding that there are no idle lands or illegal activities such as hoarding or price manipulation during the reporting period[43] - 福建漳州发展将自2014年起不再经营房屋建设施工业务，专注于水务工程施工[41] - 福建漳龙承诺不在中国境内外从事与上市公司现有业务构成直接或间接竞争的业务[41] - 福建漳龙同意在上市公司认为其业务构成竞争时终止该业务，并允许上市公司优先收购或委托经营[42] - 福建漳龙承诺不以控股股东的地位谋求不正当利益，若造成上市公司权益损害，将承担相应赔偿责任[42] - 福建漳州发展在非公开发行过程中认购38,112,500股股票，锁定期为36个月[42] - The company has fully repaid 150 million yuan of temporarily used idle funds back to the special account for raised funds[51] - There are no significant investments or cash expenditures planned in the near future, and the company plans to distribute at least 30% of the average distributable profit from the past three years in cash over the next three years[44] - The company plans to ensure that cash dividends account for no less than 20% of the total profit distribution in the upcoming years[44] - The company reported no securities or derivative investments during the reporting period[45][46] - There are no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[48][49] - The company has not issued any warnings regarding potential losses or significant changes in net profit compared to the previous year[45]

Financial Performance - The company's operating revenue for Q1 2016 was ¥789,664,178.82, representing a 10.77% increase compared to ¥712,893,640.16 in the same period last year[7]. - Net profit attributable to shareholders was ¥7,767,969.60, a significant increase of 171.18% from ¥2,864,487.58 year-on-year[7]. - The net profit after deducting non-recurring gains and losses reached ¥5,571,766.51, up 255.13% from ¥1,568,949.49 in the previous year[7]. - Basic earnings per share increased to ¥0.009, a 200.00% rise from ¥0.003 in the same quarter last year[7]. - The company reported a net cash flow from operating activities of -¥5,493,681.22, an improvement from -¥113,286,004.06 in the previous year[7]. - The company reported a significant increase in long-term borrowings by 253.30% to ¥419,832,000.00, with new loans from various financial institutions[16]. - The company reported a decrease in accounts receivable to CNY 58,187,006.55 from CNY 211,966,997.88, a reduction of about 72.5%[39]. - The net profit for the first quarter of 2016 was CNY 7,423,387.97, a recovery from a net loss of CNY 5,218,064.21 in the same period last year[50]. - The total comprehensive income for the first quarter of 2016 was CNY 7,423,387.97, compared to a total comprehensive loss of CNY 5,218,064.21 in the prior year[51]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,308,265,315.24, reflecting a 12.72% increase from ¥3,822,152,388.15 at the end of the previous year[7]. - Total liabilities increased to CNY 2,819,813,705.15 from CNY 2,352,952,699.93, a rise of approximately 19.8%[40]. - The company's equity attributable to shareholders rose to CNY 1,323,170,524.10 from CNY 1,315,402,120.26, a slight increase of about 0.6%[41]. - Long-term borrowings increased significantly to CNY 419,832,000.00 from CNY 118,832,000.00, indicating a growth of approximately 253.5%[40]. Shareholder Information - The top shareholder, Fujian Zhanglong Group Co., Ltd., holds 21.16% of the shares, totaling 187,113,636 shares[10]. - The company’s total number of ordinary shareholders at the end of the reporting period was 85,401[10]. - Fujian Zhanglong Group announced a plan to increase its shareholding by up to 2% of the total share capital within twelve months, reflecting confidence in the company's future[12]. Cash Flow and Financing Activities - Cash and cash equivalents increased by 43.18% to ¥789,998,133.40 due to the recovery of trade receivables and new loans[16]. - The company plans to issue short-term financing bonds up to ¥1.6 billion to support its funding needs, with a maturity of no more than 270 days[21]. - The total cash inflow from financing activities was CNY 759,386,870.84, compared to CNY 607,379,585.66 in the previous period[54]. - The company paid CNY 241,693,989.22 in debt repayments during the financing activities[54]. - The net cash flow from financing activities was 345,406,373.01 CNY, significantly higher than 17,424,300.70 CNY in the same period last year, showing improved financial management[58]. Investment Activities - The company completed the acquisition of 100% equity in Zhangzhou Shenda Real Estate Co., Ltd. for ¥139,679,600.00, enhancing its real estate portfolio[20]. - The company’s investment activities cash outflow increased by 717.18% to ¥210,663,488.68, primarily due to the acquisition of Shenda Real Estate[17]. - Cash outflow for investment activities was 42,964,650.00 CNY, up from 10,011,600.00 CNY, suggesting a rise in capital expenditures[57]. Regulatory and Compliance - The company has received approval from the Fujian Provincial State-owned Assets Supervision and Administration Commission for the non-public offering plan[25]. - The company is currently awaiting approval from the China Securities Regulatory Commission (CSRC) to proceed with the non-public offering[26]. - The company aims to ensure compliance with legal and regulatory requirements during the fundraising process[26]. - The company will comply with all relevant laws and regulations regarding related transactions and information disclosure obligations[30]. Future Commitments - The company commits to distributing cash dividends of no less than 20% of the profits in future annual profit distributions over the next three years[34]. - The company has committed to not engage in direct or indirect competition with its controlling shareholder, Fujian Zhanglong Group, in existing business areas[31]. - The company will ensure that related transactions do not affect its operational independence and performance stability[30].

Financial Performance - The company's operating revenue for 2015 was ¥3,122,574,038.62, a decrease of 7.84% compared to ¥3,388,368,719.32 in 2014[19] - The net profit attributable to shareholders was a loss of ¥83,996,133.94, representing a decline of 219.22% from a profit of ¥70,453,484.26 in 2014[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥97,714,897.14, down 870.34% from a profit of ¥12,684,671.83 in 2014[19] - The basic earnings per share for 2015 was -¥0.095, a decline of 200.00% from ¥0.095 in 2014[20] - The diluted earnings per share for 2015 was also -¥0.095, reflecting the same decline as basic earnings per share[20] - The weighted average return on equity was -5.98%, down from 8.31% in 2014, indicating a significant drop in profitability[20] - The company reported a total revenue of CNY 312,257.40 million in 2015, a decrease of 7.84% year-on-year[38] - The net profit attributable to the parent company was CNY -8,399.61 million, a decline of 219.22% compared to the previous year[38] - EBITDA decreased by 72.60% to 7,465.81 million from 27,244.04 million year-on-year[143] Cash Flow and Assets - The net cash flow from operating activities was ¥21,655,734.82, a significant recovery from a negative cash flow of ¥460,293,596.35 in 2014[19] - Total assets at the end of 2015 were ¥3,822,152,388.15, a decrease of 4.82% from ¥4,015,882,590.75 at the end of 2014[20] - The net assets attributable to shareholders decreased by 10.04% to ¥1,315,402,120.26 from ¥1,462,168,494.57 in 2014[20] - The company's operating cash inflow totaled approximately ¥3.87 billion, a decrease of 2.35% compared to the previous year, while cash outflow decreased by 12.99% to approximately ¥3.85 billion[57] - The total cash and cash equivalents decreased by approximately ¥496.00 million, marking a decline of 231.53% compared to the previous year[57] - Cash and cash equivalents decreased from 1,017,221,495.34 RMB (25.33%) last year to 551,750,256.94 RMB (14.44%) this year, a significant drop of 10.89%[60] - The company reported a significant decrease in investment activity cash inflow by 87.67% to approximately ¥27.85 million, while cash outflow for investment activities was approximately ¥170.83 million[57] Business Segments and Operations - The company expanded its water supply operations, achieving a total water supply of 8,017.87 million cubic meters and a sewage treatment volume of 3,787.88 million cubic meters in 2015, with revenue from the water business reaching approximately $14.62 million[28] - The automotive trade segment faced losses due to a declining car market, while the real estate sector is in a preparatory phase with promising future prospects[27] - The company aims to strengthen its core competitiveness by enhancing its water, automotive, and real estate business segments, while exploring new business models in the automotive aftermarket[30] - The company reported a total of 7 controlling and affiliated real estate development companies, indicating a diversified investment strategy in the real estate sector[28] - The company’s engineering construction business achieved revenue of CNY 110,158.94 million, reflecting a growth of 5.25% year-on-year[42] - The water business segment recorded revenue of CNY 130,507.13 million, representing a year-on-year increase of 12.97%[42] Investment and Financing Activities - The company plans to invest a total of 59,000 million in various projects, with a significant portion allocated to the expansion of the second water plant in Zhangzhou, which has a budget of 34,500 million[72] - The company is actively pursuing refinancing options, including short-term financing bonds, to support project operations and ensure stable development[86] - The company plans to issue up to RMB 200 million in short-term financing bonds, with the issuance authorized by the shareholders' meeting[127] - The company’s bond issuance was approved by the China Securities Regulatory Commission for a total of RMB 350 million, with a maturity of 5 years and an interest rate of 7.20%[131] Shareholder and Governance - The company plans to distribute cash dividends amounting to at least 30% of the average distributable profit over the past three years, with a minimum cash dividend distribution at least once during this period[103] - The company has committed to ensuring that cash dividends will account for no less than 20% of the profit distribution in the upcoming three years[103] - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 2.7682 million[198] - The company has a diverse management team with backgrounds in various fields, including law and economics, enhancing its governance structure[192] - The company underwent a board reshuffle on November 17, 2015, with several appointments and terminations, including the appointment of Han Jinpeng as Vice General Manager and Secretary of the Board[189] Market Outlook and Challenges - The automotive market is entering a phase of stable growth, with demand expected to remain subdued due to various macroeconomic pressures[81] - The real estate market is projected to continue facing oversupply, with inventory reduction remaining a primary focus for 2016[82] - The company faces challenges in the real estate market, with a 52% increase in unsold residential properties, necessitating enhanced management and diversified marketing efforts[87] - The company has identified the automotive aftermarket as a key growth area, driven by increasing vehicle ownership and aging vehicles[81] Compliance and Transparency - The company has committed to timely and accurate disclosure of all significant information affecting investors, ensuring compliance with regulations from the China Securities Regulatory Commission and Shenzhen Stock Exchange[101] - The company has undertaken a non-public stock issuance, subscribing to 38,112,500 shares, which will be locked for 36 months from the date of issuance[101] - The company has confirmed that there are no remaining unutilized raised funds, ensuring all funds are accounted for and properly allocated[72]

Financial Performance - Total assets decreased by 10.36% to CNY 3,599,745,362.93 compared to the end of the previous year[8] - Net profit attributable to shareholders was CNY -18,392,924.68, a decrease of 2,460.37% year-on-year[8] - Operating revenue for the period was CNY 717,407,621.23, an increase of 4.95% compared to the same period last year[8] - Basic earnings per share were CNY -0.02, reflecting a decrease of 2,460.37% year-on-year[8] - The weighted average return on net assets was -1.27%, down from -1.33% at the end of the previous year[8] - Net profit attributable to shareholders decreased by 270.62% to -¥50.24 million, impacted by the absence of land development income compared to the previous year[17] - Operating cash flow improved by 102.43% to ¥16.32 million, as the previous year included significant land payments[17] - Non-operating income and expenses totaled CNY 9,609,458.72, after accounting for tax and minority interests[10] - There is no significant investment plan or major cash expenditure expected in the near future, allowing for stable profit distribution[32] - The company has not reported any significant losses or major changes in net profit compared to the previous year[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,593[11] - The top shareholder, Fujian Zhanglong Industrial Co., Ltd., held 20.68% of the shares, totaling 182,798,736 shares[11] - The company plans to distribute cash dividends amounting to no less than 30% of the average distributable profit over the past three years, ensuring shareholder returns[32] - Future cash dividends are expected to account for no less than 20% of the profit distribution in each annual profit allocation over the next three years[32] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was CNY 16,320,838.23[8] - Cash and cash equivalents decreased by 54.81% to ¥459.66 million due to repayment of bank loans and private bonds totaling ¥150 million[16] - Investment cash flow increased by 297.52% to ¥214.55 million, primarily due to cash payments for equity acquisitions[18] - The company plans to issue up to 178,890,876 A-shares at a price of 5.59 yuan per share, aiming to raise no more than 100 million yuan for various projects[23] - The total investment for the Zhangzhou Dongdun sewage treatment plant (Phase I) BOT project is 374.46 million yuan, with 374 million yuan allocated from the raised funds[23] Project Developments - The company secured a 28-year concession for the Dongcun Wastewater Treatment Plant, with a guaranteed service fee of ¥1.89 per cubic meter[20] - The first phase of the Dongcun Wastewater Treatment Plant project has a total investment of ¥80 million, with a designed capacity of 130,000 m³/d[21] - The company reported a total investment of 373.87 million yuan for the construction of the Zhangzhou Dongdun sewage treatment plant project[22] - The company signed a construction contract worth 255.99 million yuan for the Zhangzhou Dongdun sewage treatment plant (Phase I) with Beijing BWS Technology Co., Ltd.[22] Corporate Governance and Strategy - The company has committed to not seeking improper benefits through its controlling shareholder status, ensuring the protection of the listed company's interests[30] - Fujian Zhangzhou Development Co., Ltd. will not engage in any business that directly or indirectly competes with the existing business of the listed company during the period when Zhanglong Group is the controlling shareholder[30] - The company has completed the industrial and commercial registration procedures for the acquisition of Fujian Xinhai Real Estate Development Co., Ltd.[25] - The company has transferred all personnel related to housing construction projects to Zhanglong Group and will no longer engage in housing construction business, focusing instead on water engineering construction[30] - The company will prioritize the acquisition or entrusted management of any competing business that may arise in the future[30] - The company has committed to timely disclosure of significant information affecting investors and will accept supervision from regulatory authorities[31] Research and Investor Relations - The company conducted on-site research with institutional investors on January 28, 2015, discussing the performance of various business segments[34] - Another on-site research was held on February 4, 2015, with Shenzhen Zhonggu Capital Management Co., Ltd., focusing on the company's business segments[34]

Financial Performance - The company's operating revenue for the first half of 2015 was ¥1,532,815,836.17, a decrease of 11.10% compared to the same period last year[19]. - The net profit attributable to shareholders was a loss of ¥31,843,307.01, representing a decline of 211.09% year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥38,626,547.02, a decrease of 255.08% compared to the previous year[19]. - The company reported total revenue of CNY 1.532 billion for the first half of 2015, a decrease of 11.10% compared to the same period last year[29]. - The net profit for the company was reported at 9,753.27 million, reflecting a decrease of 51.18% year-on-year[53]. - The net profit for the period was a loss of CNY 34,520,790.40, compared to a profit of CNY 26,262,185.21 in the previous period[116]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,810,759,415.11, down 5.11% from the end of the previous year[19]. - The net assets attributable to shareholders were ¥1,430,325,187.56, a decrease of 2.18% compared to the end of the previous year[19]. - The total assets decreased to CNY 2,729,454,012.85 from CNY 2,888,105,949.95, reflecting a decline of 5.51%[113]. - The company's total liabilities decreased to CNY 1,320,202,374.99 from CNY 1,468,875,423.56, a reduction of 10.12%[113]. - The total liabilities decreased from RMB 2.34 billion to RMB 2.17 billion, indicating a reduction in financial obligations[110]. Cash Flow - The net cash flow from operating activities was -CNY 47.46 million, an improvement from -CNY 499.68 million in the previous year, attributed to reduced land payments[31]. - The net cash flow from operating activities was -251,900,193.56 CNY, compared to -242,441,118.76 CNY in the previous period, indicating a slight deterioration in operational cash flow[123]. - The total operating cash inflow was 492,258,074.70 CNY, an increase from 352,099,329.25 CNY in the previous period, suggesting improved sales performance[123]. - The total operating cash outflow was 744,158,268.26 CNY, compared to 594,540,448.01 CNY in the previous period, indicating increased operational costs[123]. - The company experienced a net decrease in cash and cash equivalents of -232,677,248.98 CNY, compared to -141,925,211.13 CNY in the previous period, indicating a worsening liquidity position[125]. Business Segments - The water supply group achieved an operating revenue of ¥71,285,400, with a net profit of ¥12,726,700, reflecting a year-on-year growth of 24.58%[24]. - The company's automotive trading business achieved revenue of CNY 1.144 billion in the first half of 2015, with a net profit of -CNY 23.16 million, indicating ongoing financial pressure despite revenue growth[26]. - The import and export trade business generated revenue of CNY 236 million, with a significant decline in export volume and prices due to severe international trade conditions[26]. - The real estate development business reported sales revenue of CNY 26.55 million and a profit of CNY 1.3753 million, with ongoing projects aimed at increasing marketing efforts and improving sales rates[27]. Investments and Projects - The company completed the expansion project of the Zhangpu Water Plant in May 2015, which is now in operation[24]. - The investment progress for the Zhangzhou Second Water Plant project is 6.31% as of the reporting period[45]. - The investment progress for the Zhaoan County sewage treatment plant expansion project is 26.31% expected by the end of 2015[45]. - The company has successfully established a subsidiary for the wastewater treatment project with a registered capital of 100 million yuan[55]. Share Capital and Dividends - The company plans to increase its total share capital from 520,086,203 shares to 884,146,545 shares through a capital reserve transfer of 7 shares for every 10 shares held[56]. - The company plans to distribute cash dividends amounting to at least 30% of the average distributable profit over the last three years, with a minimum of one cash dividend distribution[77]. - The company has committed to ensuring that cash dividends will account for no less than 20% of the profit distribution in the upcoming three years[77]. - The company has not planned any cash dividends or stock bonuses for the reporting period[5]. Risk Management and Governance - The company emphasizes the importance of risk management and improving operational efficiency across its business segments[24]. - The company has completed the internal governance structure in compliance with relevant laws and regulations[63]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[64]. - The company has not reported any violations regarding external guarantees during the reporting period[73]. Related Party Transactions - The company reported a total of 51.88 million yuan in daily related party transactions during the reporting period[65]. - The company has committed to minimizing related party transactions and ensuring fair pricing in transactions with its controlling shareholder, Fujian Zhanglong Group[74]. - The company has not engaged in any non-operating related party debt transactions[67]. Financial Instruments and Accounting Policies - The company measures financial instruments based on their classification, including financial assets and liabilities at fair value, held-to-maturity investments, loans and receivables, available-for-sale financial assets, and other financial liabilities[171]. - The company recognizes intermediary costs related to business combinations, such as audit and legal fees, as expenses in the current period[154]. - The company recognizes joint operations by confirming individually held assets and liabilities, as well as income generated from the sale of its share of joint operation outputs[164].