Financial Performance - The company's operating revenue for 2021 was ¥5,054,680,257.08, a decrease of 16.48% compared to ¥6,051,713,044.33 in 2020[21]. - The net profit attributable to shareholders was -¥739,644,958.59, representing a decline of 737.94% from a profit of ¥115,941,869.46 in 2020[21]. - The net profit after deducting non-recurring gains and losses was -¥754,164,546.83, a decrease of 1,637.43% compared to ¥49,053,491.76 in 2020[21]. - The net cash flow from operating activities was ¥2,891,453,945.76, down 6.99% from ¥3,108,892,077.56 in 2020[21]. - The total assets at the end of 2021 were ¥14,778,358,917.15, a decrease of 18.68% from ¥18,173,585,445.03 at the end of 2020[22]. - The net assets attributable to shareholders decreased by 38.76% to ¥1,205,103,274.39 from ¥1,967,846,235.40 at the end of 2020[22]. - The company reported a diluted earnings per share of -¥0.6721, a decline of 737.67% from ¥0.1054 in 2020[22]. - Total revenue for 2021 was ¥5,054,680,257.08, a decrease of 16.48% compared to ¥6,051,713,044.33 in 2020[51]. - Real estate sales accounted for ¥4,864,631,099.77, representing 96.24% of total revenue, down 18.31% from ¥5,954,627,774.13 in 2020[51]. - The company reported a cumulative settlement area of 453,044 square meters with a settlement revenue of 17,493,000 yuan from the "Cai Xin City" project in Shizhu County[45]. Business Operations - The company’s main business remains real estate development and sales of self-developed properties[20]. - The company has undergone several changes in its controlling shareholder since its listing, with the current controlling shareholder being Caixin Real Estate since August 2013[20]. - The company has a cumulative land reserve of 299,000 square meters, with a remaining developable area of 354,200 square meters[42]. - The company’s project in Chongqing, "Guoxing·Beian Jiangshan," has a total investment of 5 billion yuan, with a cumulative investment of 5.62 billion yuan[44]. - The company’s project "Mingzhu Community" in Weihai is currently 93.67% completed, with a total investment of 186,611 million yuan[44]. - The company has no new land reserve projects during the reporting period[42]. - The company is managing the development of the "Chongqing Yuzhong City" project, which includes overall operations such as planning, design, construction, sales, and delivery[95]. - The company is currently fulfilling commitments related to the Chongqing Hongxin Investment Co., Ltd. project, aiming for completion by the end of 2024[150]. Environmental and Social Responsibility - The company has a commitment to environmental and social responsibility, as detailed in the report[5]. - The company reported that it has completed the construction of pollution prevention facilities in accordance with environmental impact assessment requirements, and these facilities are operating normally[141]. - The company obtained the latest hazardous waste operation license in September 2021, valid until October 15, 2022[142]. - There were no administrative penalties imposed on the company during the reporting period due to environmental issues[143]. - The company aims to enhance its environmental sustainability initiatives, committing to a 30% reduction in carbon emissions by 2025[106]. Risk Management - The company faced significant risks and has outlined corresponding countermeasures in the management discussion section[4]. - The company faces significant risks in the real estate sector, including policy risks, pandemic risks, and financing risks, and will continue to expand financing channels and strengthen relationships with upstream and downstream partners[86]. - The company has established measures to compensate for any losses incurred due to breaches of commitments by its stakeholders within 20 working days[96]. Corporate Governance - The company has established a complete and clear internal governance structure, complying with relevant laws and regulations, ensuring independent operation and decision-making capabilities[93]. - The company has committed to continuously improving its corporate governance to support high-quality development and protect investors' rights[135]. - The company maintained effective internal control over financial reporting as of December 31, 2021, according to the internal control self-assessment report[134]. - The internal control audit report issued a standard unqualified opinion, confirming no significant deficiencies in non-financial reporting[135]. Shareholder Engagement - The company held its first temporary shareholders' meeting on February 22, 2021, with an investor participation rate of 61.92%[99]. - The second temporary shareholders' meeting took place on April 7, 2021, with a participation rate of 61.85%[99]. - The third temporary shareholders' meeting was held on April 21, 2021, with a significantly lower participation rate of 0.44%[99]. - The annual shareholders' meeting for 2020 was conducted on April 30, 2021, with a participation rate of 61.92%[99]. Employee Management - The total number of employees at the end of the reporting period is 305, with 248 from major subsidiaries and 21 from the parent company[123]. - The company has optimized its incentive system and adjusted salary structures in 2021 to enhance the correlation between employee compensation and company performance[124]. - The educational background of employees includes 7 with postgraduate degrees, 147 with bachelor's degrees, and 151 with college diplomas or below[123]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion CNY[106]. - New product launches are expected to contribute an additional 200 million CNY in revenue next year[106]. - The company plans to implement a new digital platform aimed at improving customer engagement and retention[106]. - The company will focus on a fast turnover model in 2022 to ensure stable operations and enhance risk resistance, aiming for further development through organizational management optimization and professional enhancement[86].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥2.14 billion, a decrease of 0.37% compared to the same period in 2021[23]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥162.67 million, a significant decline of 5,569.50% year-on-year[23]. - The net cash flow from operating activities was negative at approximately ¥13.25 million, a decrease of 100.86% compared to the previous year[23]. - The basic and diluted earnings per share were both -¥0.1478, reflecting a decrease of 5,574.07% compared to the same period last year[23]. - Total assets at the end of the reporting period were approximately ¥12.99 billion, down 12.07% from the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were approximately ¥1.03 billion, a decrease of 14.18% compared to the previous year[23]. - The weighted average return on net assets was -14.48%, a decline of 14.63% compared to the previous year[23]. - The company reported a net profit of 1,827,026.39 yuan after accounting for non-recurring gains and losses, with a tax impact of 598,496.52 yuan and minority interest impact of 78,033.96 yuan[28]. - The company reported a significant reduction in financial expenses by 79.29%, amounting to approximately CNY 5.39 million, due to a decrease in loan scale[56]. - The company reported a net loss of CNY 356,021,250.86 in retained earnings, compared to a loss of CNY 193,350,020.31 previously[144]. Market Conditions - In the first half of 2022, the national real estate market faced unprecedented challenges, with a 23% year-on-year decline in commodity housing sales area to 5.07 million square meters and a 31% drop in sales revenue to 7.05 trillion yuan[32]. - The company noted that the land market transaction volume in the first half of 2022 saw a significant decline, with a 55% year-on-year drop in the area of commercial land sold across 300 cities[32]. - The company highlighted that the policy environment for the real estate sector has entered a period of easing, with nearly 500 local policy adjustments made in the first half of 2022[32]. - The company has observed a gradual recovery in key cities' sales areas since May 2022, as the impact of the pandemic diminishes and policy effects become more apparent[32]. Sales and Revenue - The revenue from the real estate sales segment accounted for 96.62% of total revenue, showing a minor decrease of 0.03% year-on-year[58]. - The company signed sales of 145,700 square meters in the first half of 2022, generating sales revenue of 953.13 million RMB[47]. - The company achieved rental income of 591,671.13 yuan during the reporting period, with no projects contributing over 10% to the total profit[111]. Assets and Liabilities - Cash and cash equivalents decreased to ¥1,559,605,390.94, making up 12.00% of total assets, down from 12.37% last year, mainly due to loan repayments and poor sales recovery[64]. - Inventory stood at ¥8,590,488,648.17, representing 66.11% of total assets, a decrease of 0.77% from the previous year, attributed to no new land reserves and significant inventory write-downs[64]. - Short-term borrowings increased to ¥243,271,506.85, accounting for 1.87% of total liabilities, up from 0.63% last year, indicating a rise in borrowing[64]. - Contract liabilities decreased to ¥6,615,695,734.84, representing 50.91% of total liabilities, down from 51.73% last year, mainly due to the transfer of sales proceeds[64]. Environmental Compliance - The company reported a total discharge of 1.042 tons of chemical oxygen demand (COD) from the wastewater outlet, which is within the standard limit of 200 mg/L[84]. - The company has reported no exceedance of discharge limits for various pollutants, indicating effective environmental management practices[84][85]. - The company completed the construction of pollution control facilities in accordance with environmental impact assessment requirements, and they are operating normally[86]. - The company obtained the environmental impact assessment approval from Chongqing City, valid until December 24, 2022[87]. Corporate Governance and Compliance - The company emphasizes compliance with laws and regulations while fulfilling responsibilities to shareholders and stakeholders[90]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[94]. - The semi-annual financial report has not been audited[96]. - The company has not experienced any major litigation or arbitration matters during the reporting period[98]. Future Outlook and Strategy - The company aims to maintain a profit margin and ensure cash flow safety as part of its strategic development plan for 2022[53]. - The company plans to optimize organizational management and enhance operational capabilities to seek further development while ensuring stable operations[53]. - The company plans to continue expanding financing channels and improve operational financing to meet development and project construction funding needs[74]. - The company plans to enhance its market expansion efforts, particularly in underdeveloped regions[172].

Financial Performance - The company reported a plan not to distribute cash dividends or issue bonus shares for the year[5]. - The company's operating revenue for 2021 was ¥5,054,680,257.08, a decrease of 16.48% compared to ¥6,051,713,044.33 in 2020[22]. - The net profit attributable to shareholders was -¥739,644,958.59, representing a decline of 737.94% from a profit of ¥115,941,869.46 in 2020[22]. - The net profit after deducting non-recurring gains and losses was -¥754,164,546.83, a decrease of 1,637.43% compared to ¥49,053,491.76 in 2020[22]. - The total assets at the end of 2021 were ¥14,778,358,917.15, a decrease of 18.68% from ¥18,173,585,445.03 at the end of 2020[23]. - The net assets attributable to shareholders decreased by 38.76% to ¥1,205,103,274.39 from ¥1,967,846,235.40 at the end of 2020[23]. - The company reported a diluted earnings per share of -¥0.6721, a decline of 737.67% from ¥0.1054 in 2020[23]. - Total revenue for 2021 was ¥5,054,680,257.08, a decrease of 16.48% compared to ¥6,051,713,044.33 in 2020[52]. - Real estate sales accounted for ¥4,864,631,099.77, representing 96.24% of total revenue, down 18.31% from ¥5,954,627,774.13 in 2020[52]. - The company reported a net profit contribution from the equity sale amounting to 1.34% of total net profit[82]. - The company reported a net profit of no less than 1,000 million yuan for 2019, 1,500 million yuan for 2020, and 2,000 million yuan for 2021 as part of its performance commitment[153]. - The net profit attributable to the parent company for the year 2021 was 3,105.25 million yuan, exceeding the commitment amount by 1,105.25 million yuan[155]. Business Operations - The company's main business includes real estate development and sales of self-developed properties[21]. - The company has a cumulative land reserve of 299,000 square meters, with a remaining developable area of 354,200 square meters[43]. - The company signed sales area of 712,000 square meters, with a sales amount of 611,933 million yuan[43]. - The total new construction area for the year was approximately 366,900 square meters, while the completed area was about 746,200 square meters[43]. - The company is actively communicating with the government regarding the Dazhuo Caixin project, which is currently on hold pending planning clarifications[45]. - The company is managing the overall operations of the Dazhu Film and Television Cultural Company project, with a commitment to complete its deregistration by the end of 2025[97]. - The company has established measures to avoid competition with its subsidiaries by ensuring they do not acquire new real estate development projects[97]. - The company has committed to complete the performance compensation for the years 2018, 2019, and 2020, with specific profit commitments for each year[153]. Environmental Responsibility - The company has a commitment to environmental and social responsibility, as outlined in its report[5]. - The environmental protection segment generated total revenue of 17,394 million yuan, with a net profit of 2,782 million yuan[43]. - The company has implemented measures to ensure all emissions are within regulatory standards, with no reported exceedances[140]. - The company continues to monitor and report on its environmental impact, ensuring compliance with national pollution discharge standards[139]. - The company reported a chemical oxygen demand (COD) discharge of 1.868 tons, which is within the standard limit of 200 mg/L[139]. - The company has committed to avoiding direct or indirect competition with its subsidiaries in the environmental sector, ensuring compliance with regulatory requirements[99]. Risk Management - The company faced significant risks and has outlined corresponding countermeasures in its management discussion section[4]. - The company’s future development outlook includes addressing risks and implementing new strategies[4]. - The company faces significant risks in the real estate sector, including policy risks, pandemic risks, and financing risks, and will continue to expand financing channels and strengthen relationships with upstream and downstream partners[87]. Corporate Governance - The financial report has been confirmed by the board and management to be true, accurate, and complete[3]. - The company has established a complete and clear internal governance structure, complying with relevant laws and regulations, with no significant discrepancies in governance practices[93]. - The company operates independently from its controlling shareholder, maintaining separation in business, personnel, assets, and finance, ensuring autonomous operational capabilities[94]. - The company has maintained a stable shareholding structure with no significant changes in shareholdings reported during the period[104]. - The company has not reported any penalties from regulatory authorities for its directors or senior management in the last three years[110]. Employee and Management - The company had a total of 305 employees at the end of the reporting period, with 160 in technical roles and 57 in sales[124]. - The company implemented an optimized incentive system and adjusted the salary structure in 2021 to enhance the correlation between employee compensation and company performance[125]. - The company’s management team includes experienced professionals from various sectors, enhancing its operational capabilities[105]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to RMB 1,289.51 million[112]. Market Trends - The company faced significant challenges in the real estate market, with a rapid decline in transaction volumes and price drops in major cities[34]. - In 2021, the national commodity housing sales area reached 1.79 billion square meters, a year-on-year increase of 1.9%, with sales revenue of 18.2 trillion yuan, up 4.8% year-on-year, marking a historical high for both metrics[35]. - The average transaction floor price of land continued to rise, increasing by 11% year-on-year, with total land transfer fees amounting to approximately 2.6 trillion yuan, up 8% year-on-year[35]. Financing and Investments - The company has a total financing balance of 172,275,280 yuan, with bank loans accounting for 144,528,250 yuan at an average financing cost of 8.00%[48]. - The company provided guarantees for bank mortgage loans to homebuyers amounting to 209,906,010 yuan, with no significant payment obligations affecting net profit[48]. - The company has engaged an auditing firm to conduct audits of the acquired company within six months after the end of each fiscal year during the commitment period[153]. Shareholder Engagement - The company held several shareholder meetings with participation rates ranging from 0.26% to 61.92% throughout 2021, indicating varying levels of investor engagement[100]. - The company has not reported any significant management projects that contributed over 10% to the total profit for the reporting period[1].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,313,499,494.49, representing a 162.32% increase compared to CNY 500,718,338.63 in the same period last year[2] - Net profit attributable to shareholders was CNY 17,949,875.61, a significant turnaround from a loss of CNY 29,869,479.45 in the previous year, marking a 160.09% increase[2] - The basic earnings per share increased to CNY 0.0163 from a loss of CNY 0.0271, reflecting a 160.15% improvement[2] - Total operating revenue for the current period reached ¥1,313,499,494.49, a significant increase from ¥500,718,338.63 in the previous period, representing a growth of approximately 162.5%[14] - The net profit for the current period was ¥42,786,351.52, a turnaround from a net loss of ¥33,895,073.34 in the previous period[15] - The operating profit for the current period was ¥114,597,525.31, compared to a loss of ¥34,119,336.80 in the prior period, showing a substantial improvement[15] - The company reported a total profit of ¥114,830,612.06 for the current period, contrasting with a total loss of ¥33,233,475.48 in the prior period[15] Assets and Liabilities - The total assets decreased by 7.34% to CNY 13,693,898,570.61 from CNY 14,778,358,917.15 at the end of the previous year[2] - As of March 31, 2022, the total assets of Caixin Real Estate Development Group amounted to CNY 13,693,898,570.61, a decrease from CNY 14,778,358,917.15 at the beginning of the year, reflecting a decline of approximately 7.35%[10] - The company's current assets totaled CNY 13,175,019,210.60, down from CNY 14,213,062,588.50, indicating a decrease of about 7.31%[11] - The total liabilities decreased to CNY 11,786,447,051.64 from CNY 12,852,694,381.09, representing a reduction of approximately 8.30%[12] - The company's cash and cash equivalents were reported at CNY 1,502,055,577.24, down from CNY 1,827,953,106.71, a decline of about 17.83%[10] - The company's short-term borrowings rose to CNY 170,900,000.00 from CNY 92,727,376.66, an increase of approximately 84.38%[12] - The non-current liabilities decreased to CNY 1,025,164,618.27 from CNY 1,180,046,599.88, reflecting a decline of about 13.14%[12] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -174,751,472.25, a decline of 131.88% compared to CNY 548,166,987.59 in the previous year[2] - The cash flow from operating activities showed a net outflow of ¥174,751,472.25, a decline from a net inflow of ¥548,166,987.59 in the previous period[19] Tax and Expenses - The company reported a significant increase in tax expenses, with a 10,789.43% rise to CNY 72,044,260.54, attributed to the recognition of income tax expenses from profitable projects[5] - The company incurred tax expenses of ¥72,044,260.54, compared to ¥661,597.86 in the previous period, reflecting a significant increase[15] Accounts and Inventory - Accounts receivable increased by 31.70% to CNY 139,421,986.71 due to the recognition of receivables from environmental projects[5] - Accounts receivable increased to CNY 139,421,986.71 from CNY 105,861,333.84, marking an increase of approximately 31.67%[11] - Inventory decreased to CNY 9,071,771,872.71 from CNY 9,884,358,718.07, reflecting a decline of about 8.20%[11] Company Strategy - The company has no new strategies or product developments mentioned in the report[6] - The company has not undergone an audit for the first quarter report[20]

证券代码：000838 证券简称：财信发展 公告编号：2021-067 财信地产发展集团股份有限公司 关于参加重庆辖区上市公司 2021 年投资者 网上集体接待日活动的公告 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。 为进一步做好投资者关系管理工作，增强与广大投资者的互动交 流，财信地产发展集团股份有限公司（以下简称"公司"）将参加在 重庆证监局指导下，由重庆上市公司协会联合深圳市全景网络有限公 司、上证所信息网络有限公司举办的"重庆辖区上市公司2021年投资 者网上集体接待日活动"（以下简称"本次活动"），现将有关事项 公告如下： 1、本次活动的时间： 2021年11月25日（星期四）15:00-17:00。 2、本次活动的交流网址：本次集体接待日活动将通过深圳市全景网 络有限公司提供的互联网平台举行，投资者可以登录"全景.路演天下" （http://rs.p5w.net）进入公司专区页面参与互动交流。 3、公司出席本次活动的相关人员：届时，公司高管人员将通过网络 在线交流形式，就公司治理、发展战略、经营情况、可持续发展等投资 者所关心的问题，与投资者进 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥633,088,640.96, a decrease of 61.91% compared to the same period last year[3] - The net profit attributable to shareholders was -¥36,605,568.65, representing a decline of 223.99% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥35,060,862.84, down 280.61% from the previous year[3] - The basic and diluted earnings per share were both -¥0.0333, reflecting a decrease of 224.25% compared to the same period last year[3] - Total operating revenue for the third quarter was CNY 2,778,430,926.25, a decrease of 13.7% from CNY 3,221,492,364.17 in the same period last year[18] - Net profit for the period was CNY 36,205,773.90, a decline of 77% compared to CNY 157,228,767.87 in the previous year[19] - The company reported a loss attributable to the parent company of CNY 33,631,415.86, contrasting with a profit of CNY 53,771,136.79 in the same quarter last year[19] - The total comprehensive income for the period was CNY 36,205,773.90, significantly lower than CNY 157,228,767.87 in the previous year[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥16,882,671,257.64, a decrease of 7.10% from the end of the previous year[4] - As of September 30, 2021, the company's total assets amounted to CNY 16.88 billion, a decrease from CNY 18.17 billion at the end of 2020, reflecting a decline of approximately 7.97%[15] - The total liabilities of the company as of September 30, 2021, were CNY 14.02 billion, down from CNY 15.26 billion, indicating a reduction of approximately 8.16%[17] - The total assets as of Q3 2021 amounted to CNY 18,205,445,923.03, reflecting an increase of CNY 31,860,478.00 compared to the previous year[27] - The total liabilities were reported at CNY 15,293,932,687.15, showing a slight increase of CNY 31,860,478.00 from the previous year[28] - The company's total current liabilities amounted to CNY 12.91 billion, slightly up from CNY 12.73 billion, indicating an increase of about 1.40%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥2,010,014,553.43, an increase of 456.91% compared to the same period last year[3] - Cash inflow from operating activities reached CNY 5,571,289,209.01, an increase of 22.3% from CNY 4,553,047,545.11 in the previous year[22] - Cash outflow from operating activities was CNY 3,561,274,655.58, a decrease of 15% compared to CNY 4,192,121,670.91 in the same period last year[22] - The net cash flow from operating activities for Q3 2021 was CNY 2,010,014,553.43, compared to CNY 360,925,874.20 in Q3 2020, indicating a significant increase[23] - The net cash flow from investing activities was negative at CNY -354,872,474.49, an improvement from CNY -925,866,517.37 in the previous year[23] - The net cash flow from financing activities was CNY -2,670,317,196.81, a substantial decline from CNY -110,663,227.52 in Q3 2020[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,742[10] - The company's cash and cash equivalents decreased to CNY 1.68 billion from CNY 3.06 billion, representing a decline of about 45.00%[15] - The company's short-term borrowings significantly decreased to CNY 126.59 million from CNY 696.70 million, a decline of approximately 81.83%[17] - The company's retained earnings decreased to CNY 512.66 million from CNY 569.39 million, a decline of about 9.95%[17] Regulatory Changes and Compliance - The company executed the new leasing standards starting in 2021, which resulted in adjustments to the financial statements[24] - The new leasing standards were first implemented in 2021, with retrospective adjustments made to prior comparative data[30] - The company is focused on enhancing its financial reporting and compliance with new regulations[30] - There is an emphasis on transparency in financial disclosures following the new accounting standards[30] - The board of directors is actively monitoring the impact of these changes on financial performance[30] - The company aims to improve operational efficiency in light of the new leasing guidelines[30] - Future financial reports will reflect the adjustments made under the new leasing standards[30] - The company is committed to maintaining high standards of corporate governance[30] - The management team is preparing for potential market fluctuations due to regulatory changes[30] - The company is exploring strategic initiatives to adapt to the new financial reporting landscape[30] Other Financial Metrics - The company's inventory decreased to CNY 11.78 billion from CNY 12.43 billion, a reduction of about 5.27%[16] - The company's accounts receivable increased to CNY 109.89 million from CNY 9.48 million, reflecting a growth of approximately 1,161.73%[16] - The company's non-current assets totaled CNY 718.68 million, an increase from CNY 463.68 million, representing a growth of approximately 55.00%[16] - The company's cash and cash equivalents at the end of Q3 2021 were CNY 1,154,290,325.45, down from CNY 1,437,063,681.37 in Q3 2020[23] - The company executed the new leasing standards starting in 2021, which resulted in adjustments to the financial statements[24] - The third quarter report has not been audited[29]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was RMB 300 million, up 20% compared to the same period last year[17]. - Future guidance estimates a revenue growth of 12% to 15% for the second half of 2021, driven by new project launches[17]. - The company's operating revenue for the reporting period was ¥2,145,342,285.29, representing a year-on-year increase of 37.58% compared to ¥1,559,360,440.38[22]. - The net profit attributable to shareholders decreased by 87.73% to ¥2,974,152.79 from ¥24,247,882.76 in the same period last year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 94.89% to ¥1,064,376.95 from ¥20,839,656.42[22]. - The company's weighted average return on equity dropped to 0.15% from 1.25% year-on-year, reflecting a decline of 1.10%[22]. - The company reported a total of 1.663 tons of chemical oxygen demand (COD) emissions, which is within the standard limit of 200 mg/L[87]. - The company reported a significant increase in operating costs, with real estate sales costs rising by 34.66% to ¥1,802,920,783.82[57]. - The total profit for the first half of 2021 was ¥78,115,430.71, a decrease of 19.6% from ¥97,165,989.75 in the same period last year[161]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new cities by the end of 2021, aiming for a 10% increase in market share[17]. - The company is exploring strategic partnerships for potential mergers and acquisitions to enhance its competitive edge[17]. - The company has established a multi-brand strategy to enhance product branding and drive sales growth[46]. - The company aims to optimize its asset structure and enhance competitiveness to create value for shareholders[79]. Investment and Development - The company has invested RMB 150 million in new technology development, focusing on smart home solutions and sustainable building practices[17]. - The company has a total of 20 ongoing projects in various cities, with a completion progress ranging from 0% to 100%[42]. - The project "Guoxing·Beianjiangshan" in Chongqing has a completion rate of 96% and a total investment of CNY 500 million, with cumulative investment reaching CNY 512.29 million[42]. - The company reported a total of 130.55 CNY in other comprehensive income, which is a slight increase from the previous year[186]. Financial Position and Assets - The total assets of the company as of June 30, 2021, amounted to RMB 10 billion, reflecting a 5% increase from the end of 2020[17]. - Total assets decreased from CNY 18.17 billion at the end of 2020 to CNY 16.94 billion by June 30, 2021, representing a decline of approximately 6.8%[152]. - The company's cash and cash equivalents decreased by 3.85% to ¥2,198,466,922.80, down from ¥3,059,424,571.19 due to debt repayment[62]. - The company has restricted assets totaling ¥3,081,841,355.40, with significant portions in inventory (¥2,319,576,559.05) and cash (¥584,597,482.11) due to financial institution pledges[67]. Risks and Challenges - The management highlighted potential risks including market volatility and regulatory changes, which could impact future performance[5]. - The tightening of financing channels and rising costs due to government regulations pose significant risks for the company[79]. - The company is navigating risks associated with real estate regulatory policies, maintaining a focus on stable and sustainable growth amidst market fluctuations[78]. Environmental Compliance - The company successfully maintained ammonia nitrogen emissions at 0.275 tons, adhering to the standard limit of 40 mg/L[88]. - The company completed the construction of pollution prevention facilities as per environmental impact assessment requirements, and they are operating normally[90]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[93]. Shareholder Information - The largest shareholder, Chongqing Caixin Real Estate Development Group Co., Ltd., holds 61.63% of the shares, totaling 678,220,207 shares[137]. - The total number of ordinary shareholders at the end of the reporting period is 50,861[137]. - The company has committed to achieving a net profit of no less than 2,000.00 million for the year 2021, as part of its performance commitment for its subsidiary[129]. Legal and Regulatory Matters - The company has not engaged in any major litigation or arbitration matters during the reporting period[102]. - The company reported a construction dispute with a claim amount of CNY 9.91 million, which is expected to impact the financial statements[103]. - The company has engaged in related party transactions totaling CNY 19.68 million during the reporting period, which is 54% of the approved transaction amount[107].

Financial Performance - The company's operating revenue for Q1 2021 was ¥500,718,338.63, representing a 210.71% increase compared to ¥161,150,995.25 in the same period last year[7]. - The net profit attributable to shareholders was -¥29,869,479.45, a decrease of 6.37% from -¥28,079,458.81 year-on-year[7]. - The basic and diluted earnings per share were both -¥0.0271, reflecting a 6.27% decline compared to -¥0.0255 in the same period last year[7]. - The net profit for the first quarter was a loss of CNY 33,895,073.34, compared to a loss of CNY 37,002,801.01 in the same period last year[37]. - The company reported a total profit loss of CNY 33,233,475.48 for the quarter, compared to a loss of CNY 37,400,845.50 in the previous year[37]. Cash Flow - The net cash flow from operating activities improved significantly to ¥548,166,987.59, compared to -¥303,478,408.85 in the previous year, marking a 280.63% increase[7]. - The net cash flow from operating activities for Q1 2021 was ¥548,166,987.59, a significant improvement compared to a negative cash flow of ¥303,478,408.85 in Q1 2020, indicating a turnaround in operational performance[45]. - Total cash outflow from operating activities amounted to ¥1,732,915,732.86, up from ¥1,440,815,336.04 in the previous year, reflecting increased operational expenditures[45]. - Cash inflow from operating activities totaled CNY 2,281,082,720.45, significantly higher than CNY 1,137,336,927.19 in the previous period[44]. - The ending cash and cash equivalents balance was ¥1,371,794,710.89, down from ¥1,475,730,109.58 at the end of Q1 2020, reflecting overall cash management challenges[46]. Assets and Liabilities - Total assets at the end of the reporting period were ¥18,254,097,146.14, a slight increase of 0.44% from ¥18,173,585,445.03 at the end of the previous year[7]. - The total liabilities reached CNY 15,400,843,449.35, compared to CNY 15,262,072,209.15 in the previous period, reflecting an increase in financial obligations[29]. - The total liabilities amounted to CNY 15,262,072,209.15, with a slight decrease of CNY 31,860,478.00 compared to the previous period[53]. - Current liabilities totaled CNY 12,733,215,214.23, reflecting a decrease of CNY 12,487,265.96 from the prior period[53]. - Non-current liabilities were CNY 2,528,856,994.92, showing a decrease of CNY 19,373,212.04 compared to the previous period[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,365[11]. - The largest shareholder, Chongqing Caixin Real Estate Development Co., Ltd., held 61.63% of the shares, amounting to 678,220,207 shares[11]. - The total equity attributable to shareholders of the parent company was CNY 1,937,976,755.95, down from CNY 1,967,846,235.40[30]. - The company's equity attributable to shareholders was CNY 1,967,846,235.40, remaining unchanged from the previous period[53]. Investment and Expenses - The company's investment income for Q1 2021 was a loss of ¥1,827,045.83, a significant decline of 1769.08% compared to a gain of ¥109,464.44 in Q1 2020, primarily due to reduced investment returns from joint ventures[16]. - Research and development expenses were CNY 92,489.66, down from CNY 290,397.80 in the previous period[36]. - The company incurred financial expenses of CNY 11,786,785.76, slightly lower than CNY 12,594,327.31 from the previous year[36]. - The company reported a significant increase in prepayments, which rose by 256.39% to ¥60,461,783.14, compared to ¥16,964,915.85 in the previous period, due to new prepayments for infrastructure[15]. Tax and Deferred Income - The company's deferred income tax assets increased by 49.84% to ¥229,757,205.26, up from ¥153,340,000.60, attributed to an increase in deductible temporary differences[15]. - The deferred income tax assets rose to CNY 229,757,205.26 from CNY 153,340,000.60, suggesting improved tax asset management[30]. Financial Reporting - The company has not undergone an audit for the first quarter report[57]. - The financial statements were prepared in accordance with the new leasing standards effective from 2021, impacting the retained earnings and related financial statement items[57].

Dividend Distribution - The company plans to distribute a cash dividend of 0.21 RMB per 10 shares to all shareholders, based on a total of 1,100,462,170 shares[4]. - In 2020, the company achieved a net profit attributable to shareholders of RMB 115,941,869.46, with a cash dividend distribution of RMB 23,109,705.57, representing 19.93% of the net profit[112]. - The company plans to distribute a cash dividend of RMB 0.21 per 10 shares, based on a total share capital of 1,100,462,170 shares[110]. Financial Performance - The company's operating revenue for 2020 was ¥6,051,713,044.33, representing a 78.30% increase compared to ¥3,394,143,161.78 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥115,941,869.46, a 6.82% increase from ¥108,540,301.37 in 2019[17]. - The net profit after deducting non-recurring gains and losses decreased by 39.92% to ¥49,053,491.76 from ¥81,652,762.87 in 2019[17]. - The net cash flow from operating activities increased by 70.21% to ¥3,108,892,077.56 compared to ¥1,826,484,238.30 in 2019[17]. - The total assets at the end of 2020 were ¥18,173,585,445.03, a 2.73% increase from ¥17,690,697,005.22 at the end of 2019[18]. - The net assets attributable to shareholders decreased by 0.58% to ¥1,967,846,235.40 from ¥1,979,293,724.34 at the end of 2019[18]. - The company reported a basic earnings per share of ¥0.1054 for 2020, up 6.90% from ¥0.0986 in 2019[17]. - The weighted average return on equity for 2020 was 5.88%, an increase of 0.24% from 5.64% in 2019[17]. Business Operations - The company operates primarily in the real estate sector, focusing on residential and commercial property development in various provinces[27]. - The company also engages in the environmental industry, providing comprehensive solutions for the treatment of industrial hazardous waste[27]. - The company has established a comprehensive management system that aligns with its real estate development business, enhancing operational efficiency[29]. - The company has 9 categories of hazardous waste treatment qualifications, providing a competitive advantage in the target market[29]. - The company has a total of 20 ongoing projects across various cities, with a significant focus on residential and commercial developments[48]. Market Trends - In 2020, the national sales area of commercial housing reached 1,760.86 million square meters, a year-on-year increase of 2.6%[32]. - The average price of new residential properties in 100 cities rose by 3.46% year-on-year, with the average price reaching 15,795 yuan per square meter in December[32]. - The total inventory of new commercial residential properties in 100 cities was 519.71 million square meters by the end of 2020, a year-on-year increase of 7.5%[32]. - The average transaction price of commercial housing in 2020 was 12,644 yuan per square meter, reflecting a year-on-year increase of 6%[35]. Strategic Development - The company plans to focus on core urban areas and enhance operational capabilities as part of its strategic development for the upcoming year[52]. - The company aims to improve its credit rating to expand financing channels and reduce financing difficulties[52]. - The company will implement a strategy to accelerate inventory turnover and enhance cash flow management to mitigate operational risks[54]. - The company’s financing structure aims to optimize debt repayment pressure and reduce the weighted average cost of capital[52]. Environmental Compliance - The company is classified as a key pollutant discharge unit and has reported no exceedances in pollutant discharge standards[159]. - The company has maintained compliance with environmental protection regulations, with all emissions reported within the legal limits[160]. - The company has established an emergency response plan for sudden environmental incidents, which has been reviewed by experts and filed with government departments[163]. - The company developed a self-monitoring plan for environmental monitoring, specifying detection points and monitoring frequency, in compliance with national standards[163]. Governance and Management - The company has a comprehensive internal control system to protect the rights of shareholders, especially minority shareholders[157]. - The company is committed to transparency and accountability in its governance practices, as evidenced by the detailed reporting of management changes[187]. - The company has a total of 7 independent directors, ensuring a diverse range of expertise and perspectives on the board[191]. - The company’s management team has a strong educational background, with many holding advanced degrees in relevant fields[190]. Future Outlook - The company expects stable economic performance in the first half of 2021, despite uncertainties in the international environment and ongoing domestic pandemic impacts[94]. - The real estate market is anticipated to enter a stable development phase in 2021, with a slight adjustment in sales area and stable price increases[95]. - The company plans to focus on investment strategies targeting land parcels of 70,000 to 200,000 square meters, emphasizing financial metrics in decision-making[97]. - The company aims to enhance its product competitiveness through continuous research and development, ensuring products meet customer demands[96].

证券代码：000838 证券简称：财信发展 公告编号：2020-104 财信地产发展集团股份有限公司 关于参加重庆辖区上市公司 2020 年投资者 网上集体接待日活动的公告 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。 为进一步做好投资者关系管理工作，增强与广大投资者的互动交 流，财信地产发展集团股份有限公司（以下简称"公司"）将参加在 重庆证监局指导下，由重庆上市公司协会联合深圳市全景网络有限公 司、上证所信息网络有限公司举办的"重庆辖区上市公司2020年投资 者网上集体接待日活动"（以下简称"本次活动"），现将有关事项 公告如下： 1、本次活动的时间： 2020年11月26日（星期四）15:00-16:30。 2、本次活动的交流网址：本次集体接待日活动将通过深圳市全景网 络有限公司提供的互联网平台举行，投资者可以登录"全景.路演天下" （http://rs.p5w.net）进入公司专区页面参与互动交流。 3、公司出席本次活动的相关人员：届时，公司高管人员将通过网络 在线交流形式，就公司治理、发展战略、经营情况、可持续发展等投资 者所关心的问题，与投资者进 ...