铁岭新城投资控股(集团)股份有限公司 2022 年第一季度报告全文 证券代码：000809 证券简称：铁岭新城 公告编号：2022-024 铁岭新城投资控股(集团)股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 其他符合非经常性损益定义的损益项目的具体情况： □ 适用 √ 不适用 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） | 4,014,794.07 | 4,965,766.19 | -19.15% | ...

Financial Performance - The company's operating revenue for 2021 was approximately ¥114.26 million, a decrease of 32.92% compared to ¥188.28 million in 2020[19]. - The net loss attributable to shareholders was approximately ¥141.60 million, representing a decline of 135.13% from a loss of ¥60.22 million in the previous year[19]. - The basic and diluted earnings per share were both -¥0.172, a decrease of 135.62% compared to -¥0.073 in 2020[19]. - The weighted average return on equity was -4.74%, down from -1.95% in 2020[19]. - The company's total assets at the end of 2021 were approximately ¥58.52 million, a decrease of 70.49% from ¥198.33 million at the end of 2020[19]. - Total assets decreased by 3.50% to CNY 4,566,716,055 in 2021 from CNY 4,406,677,687 in 2020[20]. - In 2021, the company's total revenue was approximately ¥114.26 million, a decrease of 32.92% compared to ¥170.33 million in 2020[48]. - The company reported a net loss of ¥141,596,460.49 in 2021, compared to a loss of ¥60,220,455.20 in 2020, marking a continuous loss for three consecutive years[145]. Revenue Breakdown - Operating revenue for 2021 was CNY 114,256,648.97, down from CNY 170,326,623.48 in 2020, reflecting a significant decline[21]. - Revenue from land development increased by 44.01% to ¥94.28 million, accounting for 82.52% of total revenue[48]. - Water supply revenue rose by 45.34% to ¥12.55 million, representing 10.98% of total revenue[48]. - Wastewater treatment revenue decreased by 56.55% to ¥2.34 million, contributing 2.05% to total revenue[48]. Operational Changes - The company has not changed its main business since its restructuring and listing in 2011[18]. - The company operates primarily in land development and urban infrastructure, with land development being its main business focus[31]. - The company has implemented changes in its water supply and sewage treatment business models, including a shift to a distribution plant and entrusted operation for sewage treatment[33]. - The company has developed and organized 18.3 square kilometers of land, with a total planned investment of CNY 730.83 million in the land development project[34]. Cash Flow and Financial Management - The company reported a net cash flow from operating activities of CNY 84,254,083.77 in Q4 2021, indicating a recovery in cash generation[25]. - Operating cash inflow decreased by 62.47% to ¥138,815,025.13 compared to the previous year[62]. - Operating cash outflow decreased by 53.19% to ¥80,294,660.19 compared to the previous year[62]. - The net cash flow from operating activities dropped by 70.49% to ¥58,520,364.94 compared to the previous year[62]. - Cash and cash equivalents decreased by 110.55% to -¥6,166,628.78 compared to the previous year[62]. Governance and Compliance - The company has established a sound corporate governance structure, ensuring clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[136]. - The company emphasizes the importance of transparent information disclosure, ensuring all shareholders can access information fairly[92]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance[95]. - The company has a robust governance structure that aligns with the regulations set by the China Securities Regulatory Commission[93]. - The company held one shareholders' meeting during the reporting period, ensuring compliance with legal requirements and protecting minority shareholders' rights[90]. Risk Factors and Future Outlook - The company has disclosed potential risk factors that may adversely affect its future development strategies and operational goals[5]. - The company recognizes potential risks from macroeconomic policies and market supply-demand imbalances in the real estate sector[85][86]. - The real estate market in Tieling is expected to maintain stable development in 2022 due to the relaxation of regulatory policies[30]. - The company expects the real estate market demand in the new urban area to gradually recover as macro-control policies loosen and the pandemic is effectively controlled[32]. Employee and Management Structure - The total number of employees at the end of the reporting period is 148, with 10 from the parent company and 138 from major subsidiaries[118]. - The company has established a salary policy that emphasizes fairness, competitiveness, and legality, determining salary standards based on contribution, ability, and responsibility[119]. - The company has been expanding its management team with experienced professionals from various sectors[106]. - The company’s management team has a diverse educational background, including degrees in economics and management[102]. Subsidiaries and Investments - The company established a new subsidiary, Tieling Xincheng New Energy Co., Ltd., which is in the preparatory stage and has no impact on overall operations and performance[75]. - The company included six subsidiaries in its consolidated financial statements for the year, with the establishment of a new subsidiary, Tieling Xincheng New Energy Co., Ltd., on August 26, 2021[161]. Audit and Financial Reporting - The company has engaged Zhongxinghua Accounting Firm for auditing, which issued an unqualified opinion with a paragraph on going concern uncertainty[5]. - The audit report issued by Zhongxinghua CPA included a paragraph on significant uncertainties related to the company's ability to continue as a going concern[145]. - The internal control audit report was issued with a standard unqualified opinion, consistent with the self-evaluation report[129].

Financial Performance - The company's operating revenue for 2020 was ¥170,326,623.48, a decrease of 7.5% compared to ¥184,134,893.80 in 2019[17] - The net profit attributable to shareholders for 2020 was -¥60,220,455.20, an improvement of 29.33% from -¥85,207,808.38 in 2019[17] - The net cash flow from operating activities decreased by 23.47% to ¥198,332,199.93 in 2020 from ¥259,143,937.20 in 2019[17] - Total assets at the end of 2020 were ¥4,566,716,055.41, down 19.01% from ¥5,638,870,557.66 at the end of 2019[17] - The basic earnings per share for 2020 was -¥0.073, an improvement of 29.33% from -¥0.103 in 2019[17] - The weighted average return on equity was -1.95% in 2020, compared to -1.44% in 2019[17] - The net profit after deducting non-recurring gains and losses was -¥70,172,435.90 in 2020, a decrease of 25.10% from -¥93,682,918.84 in 2019[17] - The company's net assets attributable to shareholders at the end of 2020 were ¥3,056,173,824.72, a decrease of 1.93% from ¥3,116,394,279.92 at the end of 2019[17] Revenue and Sales - In Q4 2020, the company reported a revenue of CNY 152,865,522.38, with a total annual revenue of CNY 170,316,623.48[22] - The net profit attributable to shareholders in Q4 2020 was CNY 8,598,200.09, marking a significant recovery from previous quarters[22] - The company achieved a 10.1% increase in sales area of commercial housing in 2020, totaling 231,532 square meters compared to 2019[34] - The sales revenue for commercial housing in 2020 was CNY 123,342,000, reflecting a 13.5% growth year-on-year[34] - The primary business segment of land development generated CNY 65,467,147.50, accounting for 38.44% of total revenue, with a year-on-year increase of 16.04%[55] - The revenue from the wetland management segment was CNY 80,891,135.13, representing 47.49% of total revenue, with a decrease of 11.43% compared to the previous year[55] Debt and Financing - The company successfully issued "20铁岭01" bonds to replace maturing debt, effectively mitigating debt risks[35] - The company reported a significant decrease in debt levels and asset-liability ratio following the completion of the Lotus Wetland restoration project[35] - The company has reduced its interest-bearing debt to CNY 1.098 billion, with a significant decrease in the debt-to-asset ratio[50] - The company reported a significant increase in financing activities, with cash inflow rising by 103.94% to 1,723,980,000.00 yuan[69] - The controlling shareholder pledged 50,000,000 shares as collateral for a loan of RMB 46 million, with a pledge period of one year[81] Operational Strategy - The company plans to expand its trade business scale to enhance revenue streams in the future[35] - The company aims to diversify its operations and seek external partnerships to drive regional industrial development[51] - The company plans to enhance operating income by increasing land transfer efforts and expanding into third industries such as cultural tourism and education[48] - The company aims to improve operational management and increase revenue through enhanced land sales and urban service operations[94] Corporate Governance - The company has established a standardized corporate governance structure, ensuring clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[141] - The company has a total of 824,791,293 shares, with 100% being unrestricted shares[152] - The company has 25,553 shareholders at the end of the reporting period, a decrease from 29,070 in the previous month[154] - The company emphasizes its commitment to governance and transparency, as evidenced by the lack of shareholding changes among executives[166] - The board of directors convened 5 meetings, with independent directors leading most committees, ensuring effective governance and decision-making[188] Social Responsibility - The company has actively fulfilled its social responsibilities, focusing on integrity in operations and compliance with tax obligations[140] - The company donated 50,000 RMB to support infrastructure development in Ada Village as part of its poverty alleviation efforts[144] - The company promotes green office practices and resource conservation as part of its social responsibility initiatives[143] Risks and Challenges - The company has reported risks that may adversely affect its future development strategies and operational goals[4] - The company faces policy risks due to macroeconomic and real estate regulations that may impact its business direction[98] - The company is exposed to market risks in a four-tier city where supply may exceed demand in the real estate market[99] - The company is actively working to expand financing channels to mitigate financial risks associated with high financing costs[100] Employee Management - The company employed a total of 157 staff, with 10 in the parent company and 147 in major subsidiaries[182] - The professional composition of employees includes 49 production personnel, 31 sales personnel, 28 technical personnel, 12 financial personnel, and 37 administrative personnel[182] - The remuneration policy emphasizes fairness, competitiveness, and legality, with salaries determined based on contribution, ability, and responsibility[183] - A training plan was established for 2020 to enhance employee capabilities and overall quality through organized training activities[184] Legal and Compliance - The company has ongoing litigation involving Shenzhen Huatai Industrial Co., with a claimed amount of 5.2945 million yuan, which has not formed an estimated liability[118] - The company has also filed a lawsuit against Tianli (Liaoning) Real Estate Co. for overdue rental fees amounting to 530,000 yuan, with no progress reported during the reporting period[118] - The company reported no penalties or rectifications during the reporting period[119] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[109]

铁岭新城投资控股(集团)股份有限公司 2021 年第三季度报告 证券代码：000809 证券简称：铁岭新城 公告编号：2021-039 一、主要财务数据 (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 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗 漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 铁岭新城投资控股(集团)股份有限公司 □ 是 √ 否 2021 年第三季度报告 | | 本报告期 | 本报告期比上年 同期增减 | 年初至报告期末 | 年初至报告期末 比上年同期增减 | | --- | --- | --- | --- | --- | | 营业收入（元） | 4,312,091.86 | -19.53% | 14,340,695.30 | -17.87% | ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥10,028,603.44, a decrease of 17.14% compared to ¥12,102,515.51 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of ¥53,786,611.78, worsening by 13.14% from a loss of ¥47,539,200.51 in the previous year[19]. - The net cash flow from operating activities was negative at ¥38,465,376.23, a decline of 156.99% compared to a positive cash flow of ¥67,495,585.83 in the same period last year[19]. - The basic and diluted earnings per share were both reported at -¥0.065, a decrease of 12.07% from -¥0.058 in the same period last year[19]. - The company reported a net loss of 48.31 million yuan for the period, primarily due to the lack of land sales from its subsidiary, Tieling Caijing Investment Co., Ltd.[56]. - The company reported a significant increase in employee compensation payable, rising to ¥3,431,722.24 from ¥1,179,200.00, an increase of approximately 191.0%[124]. - The company reported a total comprehensive income of -1,689,881.92 yuan for the first half of 2021, compared to -1,861,401.83 yuan in the same period of 2020[140]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,519,296,188.02, a decrease of 1.04% from ¥4,566,716,055.41 at the end of the previous year[19]. - The total liabilities stood at ¥1,516,908,975.08, a slight increase from ¥1,510,542,230.69, reflecting an increase of about 0.4%[124]. - Current liabilities decreased significantly to ¥767,705,645.23 from ¥1,080,912,861.81, a reduction of approximately 29.0%[124]. - Non-current liabilities increased to ¥749,203,329.85 from ¥429,629,368.88, indicating a rise of about 74.5%[124]. - The company's equity attributable to shareholders decreased to ¥3,002,387,212.94 from ¥3,056,173,824.72, a decline of approximately 1.8%[125]. - The current ratio increased to 551.13% from 395.01%, a rise of 156.12% compared to the end of the previous year[117]. - The asset-liability ratio slightly increased to 33.57% from 33.08%, an increase of 0.49%[117]. Cash Flow - The company reported a net decrease in cash and cash equivalents of CNY -64,411,051.75, a decline of 289.20% from CNY 34,043,857.81 year-on-year[39]. - The total cash inflow from financing activities was 64,200,000.00 yuan, while cash outflow was 88,939,656.67 yuan, resulting in a net cash flow of -24,739,656.67 yuan[141]. - The total cash and cash equivalents at the end of the first half of 2021 were 9,361,121.36 yuan, down from 49,347,232.52 yuan at the end of the first half of 2020[141]. - The cash flow from investment activities was -1,206,018.85 yuan in the first half of 2021, compared to -97,696.00 yuan in the first half of 2020[140]. Business Operations - The company is primarily engaged in land development and urban infrastructure construction in the Tieling Fanhe New District, covering an area of 22 square kilometers[27]. - The company aims to increase operating income by enhancing land transfer efforts and expanding into third industries such as cultural tourism and education[32]. - The company is focused on risk mitigation and improving operations to enhance its main business revenue[31]. - The company has a strong industry barrier as the only primary land developer in Tieling New District, covering an area of 22 square kilometers[37]. - The company has developed and organized 18.3 square kilometers of land, achieving "nine connections and one leveling," making it ready for transfer[36]. Corporate Governance and Compliance - The company has established a sound corporate governance structure with clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and general manager[70]. - The company emphasizes refined management to improve the quality of the listed company and ensure compliance with regulations[36]. - The company has adhered to environmental regulations and has not faced any penalties related to environmental issues during the reporting period[67]. - The company emphasizes its commitment to social responsibility and investor relations management, ensuring timely and accurate information disclosure[68]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[80]. Financial Risks and Challenges - The company faces market risks due to oversupply in the real estate market of the fourth-tier city where it operates, and plans to adjust its business strategy accordingly[58]. - The company is experiencing financial risks due to high financing costs and limited financing channels, and aims to broaden its financing sources[59]. - The company has disclosed potential risk factors that may adversely affect its future development strategies and operational goals[5]. Future Outlook and Strategy - The company plans to implement diversified sustainable development models to improve management levels and corporate governance[31]. - The company is actively seeking external partnerships to drive industrial development in the Tieling area[35]. - The company has not provided specific future guidance or outlook for the upcoming periods[146]. Accounting and Financial Reporting - The financial statements are prepared based on the accrual basis of accounting, in accordance with the relevant accounting standards[165]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect the financial position as of June 30, 2021, and the operating results for the first half of 2021[168]. - The financial statements comply with the disclosure requirements set by the China Securities Regulatory Commission[168].

Financial Performance - The company's operating revenue for Q1 2021 was ¥4,965,766.19, representing a 60.30% increase compared to ¥3,097,851.47 in the same period last year[8] - The net profit attributable to shareholders was -¥29,298,292.86, a slight decrease of 0.65% from -¥29,109,675.76 year-on-year[8] - The basic earnings per share for the period was -¥0.036, a decrease of 0.65% from -¥0.035 in the same period last year[8] - The net profit for Q1 2021 was a loss of CNY 29,298,292.86, compared to a loss of CNY 29,109,675.76 in Q1 2020, reflecting a slight increase in losses[37] - The company incurred a net loss of 828,598.19, an improvement from a net loss of 1,172,291.78 in the prior period, indicating a reduction of about 29%[41] Cash Flow - The net cash flow from operating activities was -¥43,319,060.29, a significant decline of 516.49% compared to ¥10,401,103.41 in the previous year[8] - Cash received from operations decreased significantly, with sales of goods and services dropping by 81.03% from CNY 48,794,693.51 to CNY 9,258,639.68[15] - The company reported cash inflow from operating activities of 10,721,583.56, down from 50,795,082.40 in the previous period[43] - The net cash flow from financing activities was -24,640,000.00, indicating a cash outflow due to debt repayment and dividend distribution[48] - The total cash and cash equivalents at the end of the period amounted to 307,782.33, a decrease from the beginning balance of 408,694.44[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,523,543,387.96, down 0.95% from ¥4,566,716,055.41 at the end of the previous year[8] - The total assets decreased from CNY 4,566,716,055.41 to CNY 4,523,543,387.96, showing a slight decline in overall asset value[28] - Total liabilities decreased from CNY 1,510,542,230.69 to CNY 1,496,667,856.10, indicating a reduction in the company's obligations[29] - The total liabilities as of March 31, 2021, were CNY 580,687,738.98, down from CNY 594,747,329.98 at the end of 2020[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,070[11] - The largest shareholder, Tieling Financial Assets Management Co., Ltd., held 34.29% of the shares, amounting to 282,857,500 shares[11] - The net assets attributable to shareholders decreased by 0.96% to ¥3,026,875,531.86 from ¥3,056,173,824.72 at the end of the previous year[8] - The total equity attributable to shareholders of the parent company was CNY 3,018,160,692.24, slightly down from CNY 3,018,989,290.43 at the end of 2020[33] Operational Costs - Total operating costs for Q1 2021 were CNY 34,688,637.10, up from CNY 32,792,353.01 in the previous year, indicating an increase of about 5.8%[36] - Cash paid for purchasing goods and services increased by 55.11% from CNY 28,295,787.45 to CNY 43,889,913.35, indicating higher procurement costs[15] - Management expenses decreased to 839,568.39 from 1,182,707.67 in the previous period, reflecting a reduction of approximately 29%[39] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥424,578.05, primarily from government subsidies and other income[9] - The company reported financial expenses of CNY 20,720,996.43, an increase from CNY 19,289,761.36 in the previous year[36] - The company raised 59,000,000.00 in financing activities, a significant decrease from 795,000,000.00 in the previous period[45] - The company did not adjust the beginning balance sheet items due to short-term leasing arrangements, opting for simplified treatment[50] - The first quarter report for 2021 was not audited, which may affect the reliability of the financial data presented[51]

Financial Performance - The company's operating revenue for 2020 was ¥188,279,160.18, representing a 2.25% increase from ¥184,134,893.80 in 2019[17] - The net profit attributable to shareholders was -¥60,220,455.20, an improvement of 29.33% compared to -¥85,207,808.38 in the previous year[17] - The net cash flow from operating activities decreased by 23.47% to ¥198,332,199.93 from ¥259,143,937.20 in 2019[17] - Total assets at the end of 2020 were ¥4,566,716,055.41, down 19.01% from ¥5,638,870,557.66 at the end of 2019[17] - The company's net assets attributable to shareholders decreased by 1.93% to ¥3,056,173,824.72 from ¥3,116,394,279.92 in 2019[17] - The basic earnings per share for 2020 was -¥0.073, an improvement of 29.33% from -¥0.103 in 2019[17] - The weighted average return on equity was -1.95%, compared to -1.44% in the previous year[17] - The company reported a decrease in net profit after deducting non-recurring gains and losses, amounting to -¥70,172,435.90 in 2020, a 25.10% improvement from -¥93,682,918.84 in 2019[17] Revenue Sources - The revenue from land development was ¥65,467,147.50, accounting for 34.77% of total revenue, with a year-on-year growth of 16.04%[55] - The revenue from water supply decreased by 36.06% to ¥8,633,865.84, down from ¥13,502,245.26 in 2019[55] - The revenue from wetland governance was ¥80,891,135.13, which is 42.96% of total revenue, with a decline of 11.43% compared to the previous year[55] - The company reported a significant increase in product sales revenue, which rose by 77.97% to ¥18,725,722.38[55] Debt and Financing - The company successfully issued "20铁岭01" corporate bonds to replace maturing debt, effectively mitigating debt risk[35] - The company has reduced its interest-bearing debt to CNY 1.098 billion, with a significant decrease in the debt-to-asset ratio and improved overall credit status[50] - The company reported a significant increase in financing activities cash inflow by 103.94% to CNY 1,723,980,000.00 from CNY 845,353,000.00 in 2019[69] - The controlling shareholder pledged 50,000,000 shares as collateral for a loan of RMB 46 million, with a pledge period of 1 year[80] Operational Strategy - The company plans to expand its urban operation business and increase trade business scale to enhance revenue[35] - The company aims to diversify its operations by exploring transformation and seeking external partnerships to drive regional industrial development[51] - The company will focus on risk mitigation, operational improvement, and capacity enhancement as part of its 2021 operational strategy[47] - The company plans to enhance operating income by increasing land transfer efforts and expanding into third industries such as cultural tourism and education[48] Market Position and Development - The company maintains a strong competitive position as the sole land developer in the new urban area, benefiting from government support and market opportunities[30] - The company is the only land development and urban operation provider in the new urban area of Tieling, with a commitment from the local government to prioritize its selection for future projects[39] - The real estate market in the new urban area showed a 10.1% increase in sales area and a 13.5% increase in sales revenue compared to 2019[34] Governance and Compliance - The company has engaged Zhongxinghua Accounting Firm for audit services, with a fee of 600,000 RMB for the year, and the firm has been providing services for 8 consecutive years[112] - The company has no significant accounting errors that require retrospective restatement during the reporting period[110] - The company has adhered to all commitments made by its controlling shareholders and related parties during the reporting period[105] - The company has implemented changes in accounting policies effective from January 1, 2020, in accordance with the new revenue standards issued by the Ministry of Finance[108] Shareholder Information - The total number of shares is 824,791,293, with 100% being unrestricted shares[150] - The largest shareholder, Tieling Financial Assets Management Co., Ltd., holds 34.29% of the shares, totaling 282,857,500 shares[152] - The company has 25,553 shareholders at the end of the reporting period[152] - The controlling shareholder holds 282,857,500 shares, accounting for 34.29% of the total share capital[190] Employee and Management Structure - The total number of employees in the company is 157, with 10 in the parent company and 147 in major subsidiaries[180] - The company has a professional composition of 49 production personnel, 31 sales personnel, 28 technical personnel, 12 financial personnel, and 37 administrative personnel[180] - The company emphasizes fair, competitive, and legally compliant compensation policies for its employees[181] Future Outlook - The company provided a future outlook with a revenue growth guidance of 10-15% for the next fiscal year[173] - New product development initiatives include the launch of two innovative financial products aimed at enhancing customer engagement, expected to contribute an additional 200 million RMB in revenue[173] - The company is expanding its market presence by entering three new provinces, targeting a market share increase of 5% in these regions[173]

铁岭新城投资控股(集团)股份有限公司 2020 年第三季度报告全文 铁岭新城投资控股(集团)股份有限公司 2020 年第三季度报告 2020 年 10 月 1 铁岭新城投资控股(集团)股份有限公司 2020 年第三季度报告全文 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。 公司负责人隋景宝、主管会计工作负责人王洪海及会计机构负责人(会计主 管人员)崔莉声明：保证季度报告中财务报表的真实、准确、完整。 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） | 5,736,720,871.12 | 5,638,870,557.66 | | 1.74% | | 归属于上市公司股东的净资产 | 3,047,575,624.63 | 3,116,394,279.92 | ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 12,102,515.51, a decrease of 30.88% compared to the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of CNY 47,539,200.51, which is a 3.92% increase in loss compared to the previous year[17]. - The company's total liabilities amounted to CNY 2,551,188,044.19, slightly up from CNY 2,522,476,277.74 at the end of 2019[150]. - The net profit for the first half of 2020 was -47,539,200.51 CNY, compared to -45,746,352.79 CNY in the same period of 2019, reflecting a decline of approximately 3.9%[158]. - The total profit for the first half of 2020 was -47,420,329.89 CNY, a decrease from -45,519,512.12 CNY in the first half of 2019, indicating a decline of about 4.2%[158]. - The operating profit for the first half of 2020 was -47,863,311.44 CNY, compared to -45,583,586.90 CNY in the same period of 2019, representing a decline of approximately 5.0%[158]. - The basic and diluted earnings per share for the first half of 2020 were both -0.058 CNY, compared to -0.055 CNY in the first half of 2019, indicating a decrease of about 5.5%[158]. - The total comprehensive income for the first half of 2020 was -47,539,200.51 CNY, compared to -45,746,352.79 CNY in the first half of 2019, showing a decline of about 3.9%[158]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 144.44% to CNY 67,495,585.83 compared to the same period last year[17]. - The cash flow from operating activities for the first half of 2020 was 67,495,585.83 CNY, an increase from 27,611,959.49 CNY in the same period of 2019, reflecting a growth of approximately 144.5%[164]. - The cash inflow from operating activities totaled 128,894,539.22 CNY in the first half of 2020, compared to 150,248,654.96 CNY in the same period of 2019, indicating a decrease of about 14.2%[164]. - The cash outflow from operating activities was 61,398,953.39 CNY in the first half of 2020, compared to 122,636,695.47 CNY in the same period of 2019, reflecting a decrease of approximately 50.0%[164]. - The net cash flow from financing activities was -33,354,032.02 CNY, compared to -53,330,856.62 CNY in the previous year, indicating an improvement[165]. - The cash and cash equivalents at the end of the period amounted to 49,347,232.52 CNY, up from 21,211,020.05 CNY at the end of the previous year[165]. - The company has a loan repayment rate and interest payment rate of 100%[137]. - The company has set up a special debt repayment account to ensure timely and sufficient funds for interest payments and principal repayment[132]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,620,043,123.60, a decrease of 0.33% from the end of the previous year[17]. - The company's total assets as of June 30, 2020, were 56.200 billion yuan, a slight decrease from 56.389 billion yuan at the end of the previous year[148]. - The company's equity attributable to shareholders was CNY 3,068,855,079.41, down from CNY 3,116,394,279.92 at the end of 2019[150]. - The company's debt burden remains heavy, with short-term borrowings increasing to ¥861,000,000.00, up from ¥765,000,000.00, indicating a 1.75% rise[62]. - The asset-liability ratio increased to 45.39%, up by 0.66% from the end of last year[137]. Business Operations - The main business includes land development and urban infrastructure construction in Tieling New District[25]. - The company operates public utilities such as water supply and sewage treatment in Tieling New District[25]. - The company has developed and organized 18.3 square kilometers of land, achieving "nine connections and one leveling," which meets the conditions for transfer[29]. - The company has not realized any land transfer revenue during the reporting period, but has collected a supporting fee of CNY 1.0681 million[44]. - The company generated rental income of CNY 1.3030 million from leasing its office buildings and storefronts during the reporting period[45]. - The company plans to enhance land transfer efforts, focusing on areas ready for listing and actively promoting remaining land parcels[50]. - The company is committed to analyzing market conditions and developing strategies to break through current bottlenecks in land transfer operations[50]. Strategic Focus and Future Outlook - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company plans to continue focusing on its core business while exploring diversified development to mitigate operational risks[49]. - The company expects the real estate market to gradually recover, with a focus on improving housing demand in the Tieling New District[36]. - The company's operating plan for the next year focuses on "stabilizing operations, controlling risks, and seeking breakthroughs" to enhance main business revenue and promote diversification[50]. - The company aims to actively seek external cooperation to increase new profit growth points and diversify its operations[51]. Shareholder and Governance Information - The total number of shares remains at 824,791,293, with no changes in the shareholding structure[110]. - The largest shareholder, Tieling Financial Assets Management Co., held 34.29% of the shares, amounting to 282,857,500 shares[113]. - The second-largest shareholder, Jun Kang Life Insurance Co., held 4.18% with 34,455,676 shares[113]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[115]. - The company held its first extraordinary shareholders' meeting on April 10, 2020, with a participation rate of 34.45%[79]. Compliance and Regulatory Matters - The half-year financial report was not audited[82]. - There were no major litigation or arbitration matters during the reporting period[85]. - The company reported no significant related party transactions during the half-year[90]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[69]. - The company has not sold any major assets during the reporting period[71]. - The company has not reported any violations regarding external guarantees during the reporting period[101]. Environmental and Social Responsibility - The company does not belong to the key pollutant discharge units as per environmental protection department announcements[104]. - The company has not conducted any targeted poverty alleviation work during the reporting period and has no subsequent plans[105].

Financial Performance - The company's operating revenue for Q1 2020 was ¥3,097,851.47, a decrease of 19.97% compared to ¥3,871,063.44 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥29,109,675.76, slightly worsening from a loss of ¥28,597,792.34, representing a decrease of 1.79%[7] - The net cash flow from operating activities decreased by 67.60%, from ¥32,101,405.01 to ¥10,401,103.41[7] - Total operating revenue for Q1 2020 was CNY 3,097,851.47, a decrease from CNY 3,871,063.44 in the previous period[33] - Net loss for Q1 2020 was CNY -29,109,675.76, compared to a net loss of CNY -28,597,792.34 in the previous period[35] - The net profit for the first quarter of 2020 was -1,172,291.78 CNY, compared to -741,313.11 CNY in the same period last year, indicating a decline of approximately 58.5%[39] - The total comprehensive income for the first quarter was -1,172,291.78 CNY, reflecting a significant decline compared to -741,313.11 CNY in the same period last year[39] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,624,007,205.48, a slight decrease of 0.26% from ¥5,638,870,557.66 at the end of the previous year[7] - The net assets attributable to shareholders decreased by 0.93%, from ¥3,116,394,279.92 to ¥3,087,284,604.16[7] - Total assets amounted to CNY 3,855,889,783.46, while total liabilities were CNY 833,317,445.18[31] - The company's total equity was CNY 3,022,572,338.28, showing a slight decrease from CNY 3,023,744,630.06 in the previous period[31] - Total assets decreased to ¥5,624,007,205.48 from ¥5,638,870,557.66, reflecting a decline of approximately 0.3%[28] - The company's total equity decreased to ¥3,087,284,604.16 from ¥3,116,394,279.92, a decrease of about 0.9%[28] - Total liabilities increased slightly to ¥2,536,722,601.32 from ¥2,522,476,277.74, an increase of about 0.6%[27] Cash Flow and Financing - As of March 31, 2020, the company's cash and cash equivalents increased to ¥22,626,050.62 from ¥15,303,374.71 as of December 31, 2019, representing a growth of approximately 47.5%[25] - The company reported cash and cash equivalents at the end of the period amounting to 22,626,050.62 CNY, compared to 61,336,314.08 CNY at the end of the previous year, a decrease of approximately 63.1%[43] - The company raised 795 million CNY through borrowings in the first quarter, slightly down from 820.35 million CNY in the previous year[43] - The cash outflow from financing activities was 797,996,061.50 CNY, compared to 838,199,308.11 CNY in the same period last year, showing a decrease of about 4.8%[43] - The cash inflow from operating activities was significantly lower, with a total of 50,795,082.40 CNY compared to 87,608,713.79 CNY in the previous year, indicating a decline of approximately 42.1%[40] - The company experienced a net cash outflow from investment activities of -82,366.00 CNY, contrasting with a net inflow of 884,951.48 CNY in the previous year[42] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,832, with the largest shareholder holding 34.29% of the shares[10] - The company did not engage in any repurchase transactions during the reporting period[11] Financial Ratios and Metrics - The weighted average return on equity was -0.94%, down from 3.07% in the previous year, indicating a decline of 4.01%[7] - The total liabilities to equity ratio stands at approximately 27.6%, indicating a relatively high leverage position[31] - Basic and diluted earnings per share for Q1 2020 were both CNY -0.035, consistent with the previous period[36] - Basic and diluted earnings per share were both -0.0014 CNY, compared to -0.0009 CNY in the same quarter last year, indicating a worsening performance[39] Changes in Financial Data - There were significant changes in financial data, including a 236.36% increase in long-term borrowings due to loan extensions[14] - Short-term borrowings increased to ¥815,000,000.00 from ¥765,000,000.00, marking a rise of approximately 6.5%[27] - Long-term borrowings increased significantly to ¥555,000,000.00 from ¥165,000,000.00, representing a growth of approximately 236.4%[27] - Total current liabilities decreased to ¥1,626,645,945.11 from ¥2,001,994,885.83, a reduction of about 18.7%[27] Other Information - The company has not reported any new product developments or market expansions during this quarter[36] - The first quarter report for 2020 was not audited[52] - The company adopted new revenue and lease standards starting from 2020, impacting financial reporting[52]