Financial Performance - The company reported a total revenue of 1.2 billion CNY for the year 2022, reflecting a year-on-year increase of 10%[15]. - The net profit attributable to shareholders for 2022 was 300 million CNY, representing a growth of 15% compared to the previous year[15]. - The company's operating revenue for 2022 was ¥169,163,109.79, representing a 33.38% increase compared to ¥126,830,846.03 in 2021[23]. - Net profit attributable to shareholders reached ¥250,170,472.48, a significant increase of 386.96% from ¥51,373,445.45 in the previous year[23]. - The basic earnings per share rose to ¥0.25, marking a 400.00% increase from ¥0.05 in 2021[23]. - The total profit for the year reached 309 million yuan, marking a significant increase of 218.74% compared to the previous year[35]. - The company achieved a net profit attributable to shareholders of RMB 198,766,942.44 for the fiscal year 2022[135]. Dividend Distribution - The company plans to distribute a cash dividend of 0.50 CNY per 10 shares to all shareholders, based on a total of 988,828,300 shares[5]. - The cash dividend distribution plan was set at RMB 0.50 per share for every 10 shares, totaling RMB 49,441,415.00[135]. - The cash dividend distribution accounted for 100% of the profit distribution total[135]. Business Strategy and Outlook - The company has outlined a future outlook that includes expanding its market presence in Hainan province and enhancing its infrastructure investments[5]. - The company is focusing on diversifying its business, which includes real estate and advertising sectors, alongside its core transportation infrastructure[19]. - The company is actively advancing major project investments, including the Qionghai Jialang Yaju project, which received planning approval in December 2022[37]. - The company is focusing on diversifying its business by integrating cultural tourism and exploring new business opportunities in the marine ranching sector[83]. - The company aims to revitalize existing land assets to promote healthy and sustainable development in the real estate sector[190]. Risk Management - The company has identified potential risks in its operations and has proposed measures to mitigate these risks in its management discussion[5]. - The company anticipates potential risks from macroeconomic policies affecting the real estate market, maintaining a strategy of rational investment[84]. - The company will actively manage market risks associated with project development, including policy adjustments and changes in the sales environment[85]. Governance and Compliance - The company is committed to maintaining transparency and has made its annual report available for public access through various media channels[18]. - The company has emphasized the importance of adhering to regulatory requirements set by the Shenzhen Stock Exchange[5]. - The company has established a governance structure that includes a board of directors, supervisory board, and various committees to support decision-making[91]. - The company maintains a complete and independent business structure, with no interference from the controlling shareholder in operational decisions[98]. - The board of directors strictly adheres to relevant laws and regulations, ensuring timely and efficient decision-making[124]. Shareholder Information - The company’s largest shareholder, Hainan Transportation Investment Holding Co., Ltd., holds 20.05% of the total shares[19]. - The largest shareholder, Hainan Jiaotou, holds 250,731,536 shares, accounting for 25.36% of the total share capital[98]. - The company held 3 shareholder meetings during the reporting period, ensuring equal rights for all shareholders[92]. - The company had a total of 67,476 shareholders at the end of the reporting period[199]. Employee and Management Structure - The total number of employees at the end of the reporting period is 530, with 108 in the parent company and 422 in major subsidiaries[129]. - The company has a diverse board of directors with members having extensive backgrounds in finance and management[109]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 2.9802 million yuan[117]. Internal Control and Audit - The company maintained effective internal control over financial reporting as of December 31, 2022, according to the audit report[140]. - The company completed 27 new management system additions and 81 revisions to improve internal control and risk management[137]. - There were no significant internal control deficiencies reported during the fiscal year[139]. Community and Environmental Initiatives - The company has been actively promoting environmental protection initiatives, including energy-saving activities and the use of biodegradable products[146]. - The company implemented 7 poverty alleviation projects during the reporting period, investing a total of 1.1372 million yuan[148]. - The company organized a blood donation activity with over 50 employees participating, resulting in a total donation of 5,600 milliliters[147].

深圳证券交易所上市公司管理一部： 大华会计师事务所（特殊普通合伙） 关于对《关于对海南高速公路股份有限公司 的关注函》的关注事项的回复 本所关注到贵部于 2023 年 2 月 17 日海南高速公路股份 有限公司（以下简称海南高速）下发了《关于对海南高速公 路股份有限公司的关注函》（公司部关注函【2023】第 158 号，以下简称《关注函》），本所已知悉贵部的相关要求， 将按照要求在审计执业过程中重点关注《关注函》中提及的 事项，将于审计工作完成时，在出具海南高速 2022 年度财 务报表审计报告的同时出具《关于海南高速公路股份有限公 司 2022 年度营业收入扣除事项的专项核查意见》（拟）以 就海南高速营业收入扣除事项是否合规及扣除后的营业收 入金额发表专项核查意见。 大华会计师事务所（特殊普通合伙） 2023 年 2 月 23 日 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥72,494,474.55, representing a 116.97% increase compared to ¥33,411,684.02 in the same period last year[21]. - The net profit attributable to shareholders decreased by 46.77% to ¥27,252,106.90 from ¥51,198,073.93 year-on-year[21]. - Basic and diluted earnings per share both decreased by 46.15% to ¥0.028 from ¥0.052[21]. - The total profit for the period was CNY 35,417,060.76, down 49.20% from CNY 69,722,991.11, mainly due to decreased investment income[40]. - The total comprehensive income for the first half of 2022 was CNY 27,318,746.43, down from CNY 51,197,792.68 in the same period of 2021, reflecting a decline of approximately 46.7%[127]. Cash Flow and Financial Position - The net cash flow from operating activities improved by 85.14%, reaching -¥13,027,404.12 compared to -¥87,664,670.73 in the previous year[21]. - The company's cash and cash equivalents decreased to CNY 777,157,638.42, down 15.67% from CNY 1,268,912,097.08 at the end of the previous year[48]. - Cash inflow from investment activities totaled CNY 1,194,597,901.46, down from CNY 1,369,802,029.21 in the previous year, indicating a decrease of about 13%[133]. - The ending cash and cash equivalents balance was CNY 77,286,958.43, up from CNY 53,504,567.19 at the end of the first half of 2021[133]. - The total assets at the end of the reporting period were ¥3,158,119,984.76, a slight increase of 0.26% from ¥3,149,904,075.24 at the end of the previous year[21]. Investment and Projects - The company is actively developing new projects, including the completion of the detailed planning design for the Danzhou Ruihai New City Phase I project and the approval of the design for the Qionghai Jialang Yaju project[29]. - The company is focusing on accelerating the clearance of real estate projects to enhance revenue generation[44]. - The company plans to deepen existing business operations and adjust marketing strategies in response to real estate regulatory policies[35]. - The company is advancing the Hainan go-kart project and other cultural tourism projects[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 69,191[104]. - The largest shareholder, Hainan Provincial Transportation Investment Holding Co., Ltd., holds 25.36% of the shares, totaling 250,731,536 shares[104]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[66]. - The company has not implemented any employee stock ownership plans or incentive measures during the reporting period[67]. Regulatory and Governance - The governance structure is well-established, ensuring clear responsibilities and protecting shareholder interests[37]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[162]. - The financial report for the first half of 2022 has not been audited[116]. Environmental and Social Responsibility - The company has taken measures to reduce carbon emissions, including promoting energy-saving practices and advocating for the reduction of single-use items[70]. - The company invested CNY 1.0784 million in targeted assistance and rural revitalization projects during the reporting period[71]. - The assistance projects included cattle breeding barn renovations, well construction, and community enhancement initiatives in three villages[71]. Accounting Policies and Financial Reporting - The company follows the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect the true financial condition and operating results[164]. - The financial report is prepared based on actual transactions and events, adhering to the relevant accounting standards and regulations[161]. - The company recognizes the costs related to mergers and acquisitions as they occur, impacting the current period's profit and loss[174].

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the fiscal year, reflecting a year-on-year increase of 10%[21]. - The net profit attributable to shareholders was 300 million CNY, representing a growth of 15% compared to the previous year[21]. - The company's operating revenue for 2021 was ¥126,830,846.03, representing a 5.48% increase compared to ¥120,238,211.70 in 2020[23]. - The net profit attributable to shareholders decreased by 44.61% to ¥51,373,445.45 in 2021 from ¥92,754,746.92 in 2020[23]. - The net profit after deducting non-recurring gains and losses was -¥62,027,605.77, a decline of 207.82% compared to -¥20,150,787.98 in 2020[23]. - The net cash flow from operating activities was -¥161,574,949.55, slightly worsening by 2.87% from -¥157,067,510.43 in 2020[23]. - The company achieved a total revenue of 127 million yuan and a profit of 97 million yuan for the year 2021[40]. - The company reported a net profit attributable to shareholders of 32,205,611.14 CNY for the year 2021[126]. - The total distributable profit available for shareholders was 282,482,240.83 CNY after distributing 49,441,415.00 CNY in cash dividends[126]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 0.50 CNY per 10 shares to all shareholders, based on a total of 988,828,300 shares[7]. - The cash dividend per 10 shares was set at 0.50 CNY, resulting in a total cash dividend payout of 49,441,415.00 CNY, which accounted for 100% of the profit distribution[124][126]. - The company did not propose any stock dividends or capital reserve transfers to increase share capital during the reporting period[126]. Market Expansion and Investments - The company has expanded its market presence by investing in new infrastructure projects, with a total investment of 500 million CNY planned for the next fiscal year[21]. - User data indicates an increase in traffic volume on highways managed by the company, with a 20% rise in daily vehicle counts[21]. - Future guidance estimates a revenue growth of 12% for the upcoming fiscal year, driven by increased traffic and new projects[21]. - The company is exploring potential mergers and acquisitions to diversify its business portfolio, with a budget of 1 billion CNY allocated for this purpose[21]. - The company is focusing on project development in line with the Hainan Free Trade Port construction and state-owned enterprise reform requirements[35]. - The company plans to enhance marketing efforts for existing properties and improve profitability in the real estate sector in 2022[38]. Operational Efficiency and Technology - The company is focusing on the development of new technologies to enhance toll collection efficiency, aiming for a 30% reduction in operational costs[21]. - The company has initiated a new strategy to enhance customer engagement through digital platforms, targeting a 25% increase in user interaction[21]. - The company is actively pursuing new projects, including the development of a leisure fishing center and a karting facility in Sanya, to create new profit growth points[42]. - The company aims to improve existing business efficiency by increasing marketing efforts for the Ruihai Water City project and diversifying advertising strategies[80]. Real Estate Sector Performance - The real estate sector contributed CNY 91,673,626.23 to total revenue, accounting for 72.28% of the total, with a year-on-year growth of 22.04%[46]. - The gross profit margin for the real estate sector was 81.74%, while the service sector had a gross profit margin of 63.44%[49]. - The company sold 9,062.23 square meters of real estate in 2021, a 34.53% increase from 6,736.16 square meters in 2020[50]. - Sales revenue from the "Ruihai Water City" project increased by 13.96% compared to the previous year, contributing significantly to the overall performance[41]. Governance and Management - The company maintains a complete and independent operational system, with no interference from the controlling shareholder[92]. - The audit committee, nomination committee, and compensation committee are all chaired by independent directors, ensuring oversight[89]. - The company has established a governance structure that includes a general meeting of shareholders, a board of directors, and a supervisory board, ensuring effective checks and balances[87]. - The company has implemented a comprehensive internal control system to enhance operational governance and decision-making[86]. - The company reported a management change with the resignation of General Manager Guo Qiang on October 20, 2021, due to work relocation[99]. Employee and Training Initiatives - The total number of employees at the end of the reporting period is 523, with 103 in the parent company and 420 in major subsidiaries[118]. - The professional composition includes 199 production personnel, 45 sales personnel, 18 technical personnel, 48 financial personnel, and 213 administrative personnel[119]. - The company emphasizes vocational training and has established a training and re-education mechanism to enhance employee skills[121]. Social Responsibility and Sustainability - The company has committed to sustainability initiatives, with plans to invest 100 million CNY in eco-friendly technologies over the next three years[21]. - Hainan Highway Company invested nearly 1 million yuan in poverty alleviation and rural revitalization efforts, completing six assistance projects in 2021[144]. - The company organized blood donation activities, with 29 employees donating a total of 7,700 ml, and contributed 6,258.88 yuan to the Hainan Disabled Persons Foundation[143]. Risk Management and Compliance - The company anticipates ongoing policy risks in the real estate sector, with a stable trend in regulatory measures expected[81]. - The company faces operational risks due to historical issues affecting the development of certain real estate projects, which may impact project timelines and costs[81]. - The company has not reported any significant impairments or losses in its financial assets, reflecting a robust financial health[179]. - The report indicates a focus on risk management and liquidity preservation in financial activities[174].

Financial Performance - The company's operating revenue for Q1 2022 was ¥42,877,777.49, representing a 413.63% increase compared to ¥8,348,022.20 in the same period last year[3] - The net profit attributable to shareholders was ¥1,092,960.41, a decrease of 92.31% from ¥14,214,787.23 in the previous year[3] - The basic earnings per share decreased by 92.86% to ¥0.001 from ¥0.014 in the same period last year[3] - Net profit for Q1 2022 was CNY 1,548,460.95, a decrease of 89.1% compared to CNY 14,214,505.98 in Q1 2021[18] - The company experienced a total profit of CNY 3,558,025.99 in Q1 2022, down from CNY 20,483,823.84 in the previous year, reflecting a decline of 82.6%[18] Cash Flow - The net cash flow from operating activities improved by 78.24%, reaching -¥10,924,349.86 compared to -¥50,192,668.94 in the same period last year[3] - The company reported a net cash flow from operating activities of CNY -10,924,349.86 for Q1 2022, an improvement from CNY -50,192,668.94 in Q1 2021[22] - The company incurred a net cash outflow from investment activities of CNY -209,851,020.91 in Q1 2022, worsening from CNY -32,607,112.26 in the same period last year[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,133,095,364.85, a slight decrease of 0.53% from ¥3,149,904,075.24 at the end of the previous year[3] - The company's current assets totaled CNY 2,094,741,429.55, slightly down from CNY 2,103,838,533.64 at the beginning of the year[13] - Cash and cash equivalents decreased to CNY 796,531,067.77 from CNY 1,268,912,097.08, representing a decline of approximately 37.1%[13] - The company's total liabilities were CNY 301,970,181.70, down from CNY 321,968,623.94 at the beginning of the year, indicating a reduction of about 6.2%[15] - The total equity attributable to the owners of the parent company was CNY 2,825,517,647.71, a slight increase from CNY 2,824,583,416.40[15] Investments - The company reported a significant increase in trading financial assets, which rose by 179.93% to ¥728,950,894.92 from ¥260,403,975.62 year-on-year[7] - The company's investment income showed a significant decline of 117.77%, resulting in a loss of ¥5,085,581.46 compared to a profit of ¥28,625,150.21 in the previous year[8] - The cash flow from investing activities was -¥209,851,020.91, a drastic increase of 543.57% compared to -¥32,607,112.26 in the same period last year, primarily due to the purchase of structured deposits[8] Shareholder Information - The company had a total of 68,154 common shareholders at the end of the reporting period[9] - The total number of shareholders with unrestricted shares was not disclosed, but the top ten shareholders held a significant portion of the company's equity[12] Operating Costs - Total operating costs for Q1 2022 were CNY 40,119,692.74, up from CNY 18,940,989.05 in the same period last year, indicating a rise of 111.3%[17]

Financial Performance - The company's operating revenue for Q3 2021 was ¥12,046,457.17, a decrease of 58.01% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2021 was ¥10,727,746.11, down 83.32% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥10,354,084.21, a decline of 203.81% compared to the previous year[2]. - The basic earnings per share for Q3 2021 were ¥0.011, down 83.08% year-on-year[2]. - The weighted average return on equity was 0.38%, a decrease of 1.91% compared to the previous year[2]. - Total operating revenue decreased to ¥45,458,141.19 from ¥49,336,050.40, a decline of approximately 3.6% year-over-year[18]. - Total operating costs increased significantly to ¥68,020,430.18 from ¥46,583,493.90, representing a rise of about 46.0%[18]. - Operating profit fell to ¥86,952,399.33 from ¥121,310,698.87, a decrease of approximately 28.2%[19]. - Net profit decreased to ¥61,925,538.79 from ¥84,426,704.59, reflecting a decline of about 26.5%[19]. - Basic and diluted earnings per share decreased to ¥0.063 from ¥0.085, a drop of approximately 26.0%[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,162,586,646.03, a decrease of 1.98% from the end of the previous year[3]. - As of September 30, 2021, the total assets of Hainan Highway Co., Ltd. amounted to CNY 3,162,586,646.03, a decrease from CNY 3,226,570,219.51 at the end of 2020[13][16]. - The company's current assets decreased to CNY 1,957,536,592.73 from CNY 2,014,234,535.07, reflecting a decline of approximately 2.8%[14][16]. - The total liabilities decreased to CNY 325,675,587.53 from CNY 392,843,786.79, indicating a reduction of about 17.1%[16]. - The company's cash and cash equivalents were CNY 964,405,412.99, down from CNY 1,125,650,952.51, representing a decline of approximately 14.3%[14][15]. - The total owner's equity as of September 30, 2021, was CNY 2,836,911,058.50, slightly up from CNY 2,833,726,432.72[16]. - The company's accounts payable decreased to CNY 67,927,336.77 from CNY 86,541,953.81, a reduction of approximately 21.5%[15][16]. - The company's retained earnings increased to CNY 508,085,592.94 from CNY 495,601,187.90, reflecting a growth of about 2.9%[16]. - The total liabilities to total assets ratio improved to approximately 10.3% from 12.2%[16]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥128,665,947.99, a decrease of 20.20% compared to the same period last year[8]. - The net increase in cash and cash equivalents was -¥249,817,171.07, reflecting a decline of 184.32% compared to the previous year[8]. - Cash flow from operating activities showed a net outflow of ¥128,665,947.99 compared to an outflow of ¥107,041,973.53 in the previous period[23]. - Cash flow from investing activities resulted in a net outflow of ¥71,246,106.72, contrasting with a net inflow of ¥403,567,476.09 in the prior period[24]. - Cash and cash equivalents at the end of the period decreased to ¥153,158,969.47 from ¥475,829,730.30, a decline of approximately 67.9%[24]. Investments - The company reported a significant increase in long-term equity investments by 131.82%, totaling ¥832,997,258.24, mainly due to increased investments in a joint venture[5]. - Long-term equity investments increased significantly to CNY 832,997,258.24 from CNY 359,335,798.44, marking an increase of about 131.7%[14][15]. - The company experienced a 94.45% increase in contract liabilities, reaching ¥10,688,829.46, primarily due to increased advance payments for housing[7]. - The company reported a significant increase in contract liabilities to CNY 10,688,829.46 from CNY 5,496,976.36, indicating an increase of about 94.8%[15][16]. Tax and Standards - The company incurred tax expenses of ¥21,359,990.78, down from ¥31,896,949.72, indicating a reduction of approximately 33.1%[19]. - The company implemented the new leasing standards starting January 1, 2021, adjusting the beginning balance sheet items accordingly[29]. - Total assets as of January 1, 2021, amounted to CNY 3,226,875,948.80, reflecting an adjustment of CNY 305,729.29[29]. - Non-current assets totaled CNY 1,212,641,413.73 as of January 1, 2021, with an adjustment of CNY 305,729.29[29]. - Current assets were reported at CNY 2,014,234,535.07, with no adjustments made[27]. - Total liabilities as of January 1, 2021, were CNY 393,149,516.08, reflecting an adjustment of CNY 305,729.29[29]. - The company's equity totaled CNY 2,833,726,432.72 as of January 1, 2021, with no adjustments made[29]. - The company chose a simplified approach for the initial application of the new leasing standards, only adjusting the beginning balance without retrospective adjustments[29]. Audit Status - The third quarter report for 2021 was not audited[30].

Financial Performance - The company's operating revenue for Q3 2021 was ¥12,046,457.17, a decrease of 58.01% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥10,727,746.11, down 83.32% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,141,914.58, a decline of 151.55% compared to the previous year[3]. - The basic earnings per share for Q3 2021 was ¥0.011, representing an 83.08% decrease from the same period last year[3]. - Total operating revenue for the period was CNY 45,458,141.19, a decrease of 7.2% compared to CNY 49,336,050.40 in the previous period[17]. - Net profit attributable to the parent company was CNY 61,925,820.04, down 26.6% from CNY 84,427,542.94 in the previous period[18]. - Basic and diluted earnings per share decreased to CNY 0.063 from CNY 0.085 in the previous period[18]. Cash Flow - The company reported a net cash flow from operating activities of -¥128,665,947.99 for the year-to-date, a decline of 20.20% compared to the previous year[3]. - Cash flow from operating activities showed a net outflow of CNY -128,665,947.99, compared to CNY -107,041,973.53 in the previous period[20]. - Cash inflow from investment activities was CNY 2,528,519,874.48, an increase from CNY 2,157,769,284.22 in the previous period[21]. - Cash outflow from investment activities totaled CNY 2,599,765,981.20, up from CNY 1,754,201,808.13 in the previous period[21]. - The net cash flow from financing activities was CNY -49,905,116.36, compared to CNY -250,086.38 in the previous period[21]. - The ending cash and cash equivalents balance was CNY 153,158,969.47, down from CNY 475,829,730.30 in the previous period[21]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥3,162,586,646.03, a decrease of 1.98% from the end of the previous year[3]. - The company's total current assets as of September 30, 2021, amount to CNY 1,957,536,592.73, a decrease from CNY 2,014,234,535.07 at the end of 2020[14]. - Total non-current assets are reported at CNY 1,205,050,053.30, slightly down from CNY 1,212,335,684.44[15]. - Total liabilities decreased to CNY 325,675,587.53 from CNY 392,843,786.79[15]. - Total liabilities reached CNY 392,843,786.79, with current liabilities at CNY 345,085,494.08[25]. - The company reported a total of CNY 47,242,827.37 in estimated liabilities[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 69,844[10]. - The largest shareholder, Hainan Provincial Transportation Investment Holding Co., Ltd., holds 25.34% of shares, totaling 250,530,160 shares[10]. - The company has a total of 20,781,878 shares held by shareholder Lin Shengli, representing 2.10% of total shares[11]. - The company has a total of 5,830,088 shares held by shareholder Xiao Yunmao, representing 0.59% of total shares[11]. Non-Recurring Items - Non-recurring gains and losses totaled ¥15,869,660.69 for the current period, down from ¥74,744,212.43 year-to-date[5]. - The implementation of the new leasing standard began on January 1, 2021, affecting the financial reporting[26]. - The report for Q3 2021 was not audited[26]. Investment Activities - Long-term equity investments increased by 131.82% to ¥832,997,258.24 due to additional investments in a joint venture[6]. - The company holds long-term equity investments valued at CNY 359,335,798.44[24].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥33,411,684.02, representing a 61.80% increase compared to ¥20,649,975.20 in the same period last year[22]. - The net profit attributable to shareholders was ¥51,198,073.93, a significant increase of 154.72% from ¥20,099,506.09 in the previous year[22]. - The basic earnings per share rose to ¥0.052, marking a 160.00% increase from ¥0.020 in the same period last year[22]. - The company reported a net profit excluding non-recurring gains and losses of -¥7,676,477.81, an improvement of 67.42% from -¥23,561,028.46 in the same period last year[22]. - The company achieved operating revenue of 33.41 million yuan and a total profit of 69.72 million yuan in the first half of the year[30]. - The net profit for the reporting period was ¥69,722,991.11, a significant increase of 130.02% from ¥30,311,988.39 in the previous year, primarily due to increased investment income[42]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥87,664,670.73, which is a 24.80% decline compared to -¥70,245,221.40 in the previous year[22]. - Total assets at the end of the reporting period were ¥3,222,065,403.62, a slight decrease of 0.14% from ¥3,226,570,219.51 at the end of the previous year[22]. - The company's cash and cash equivalents decreased by 8.22% to 859,314,255.44, primarily due to increased funds for purchasing structured deposits[51]. - The company's cash and cash equivalents decreased to ¥629,936,546.85 as of June 30, 2021, from ¥842,567,491.09 at the end of 2020, a decline of approximately 25.1%[128]. - The total cash flow from operating activities was -¥87,664,670.73, reflecting an increase in corporate income tax and land value-added tax payments[42]. Investment and Acquisitions - The company has acquired a 46.4364% stake in Hainan United Asset Management Co., Ltd. for 512 million yuan, with the registration completed in March 2021[31]. - Investment income increased by 115.90% to 80,809,873.69, driven by structural deposit returns and long-term equity investments[49]. - The company invested 30,000,000.00 during the reporting period, a 50% increase compared to the previous year[56]. - The company has a total of 71.3 million yuan in entrusted financial management, with an outstanding balance of 69.4 million yuan[98]. Real Estate Sector - The real estate segment generated sales revenue of 15.81 million yuan from the current projects, primarily affected by ongoing purchase restrictions in the residential market[30]. - In the first half of 2021, the total sales area of commercial housing in Qionghai City reached 146,400 square meters, a year-on-year increase of 123%, with sales revenue of 2.186 billion yuan, up 128% year-on-year[33]. - The average price per square meter for commercial housing in Qionghai City was 15,759 yuan, reflecting a year-on-year decrease of 4.55%[33]. - The real estate sector generated revenue of 15,808,153.94, reflecting a significant increase of 1,030.78% year-on-year, but a gross margin decrease of 45.29%[45]. - The real estate sector remains the main source of revenue, but is significantly impacted by national macro-control policies, with expectations of a slowdown in industry growth during the 14th Five-Year Plan period[65]. Strategic Plans and Challenges - The company plans not to distribute cash dividends or issue bonus shares[8]. - The company plans to accelerate the development of the Ruihai New Town project, while facing uncertainties in market conditions that may impact expected operational goals[34]. - The company is actively expanding its hotel and advertising businesses despite challenges posed by the pandemic, focusing on market development and service quality improvement[31]. - The company anticipates continued high-pressure regulatory policies in the real estate sector, which may impact future development and investment strategies[35]. - The company aims to enhance its internal management and risk control capabilities, focusing on legal, financial, and market risks[38]. Shareholder Information - The largest shareholder, Hainan Provincial Transportation Investment Holding Co., Ltd., holds 25.34% of the shares, totaling 250,530,160 shares[110]. - The total number of ordinary shareholders at the end of the reporting period was 72,570[110]. - The company reported a decrease in limited sale shares by 260,590 shares, while the total number of shares remained at 988,828,300[107]. Legal and Compliance - The company reported a litigation amount of 67.45 million yuan related to a construction contract dispute with WISCO No. 23 Construction Group, which has been resolved with a judgment to pay 175.74 million yuan[85]. - The company is involved in a second-instance litigation with Fujian Minan Construction Engineering Co., with a disputed amount of 72.98 million yuan, currently pending judgment[85]. - There were no penalties or rectifications reported during the reporting period[86]. - The company did not engage in any related party transactions during the reporting period[87]. Accounting and Financial Reporting - The financial report for the first half of 2021 was not audited[121]. - The company's financial statements were approved by the board of directors on August 26, 2021[171]. - The financial statements prepared by the company comply with accounting standards and accurately reflect its financial position, operating results, and cash flows[180]. - Significant accounting estimates may impact the carrying values of assets and liabilities in future periods, particularly regarding expected credit losses for receivables and inventory impairment[178].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 8,348,022.20, representing a 13.32% increase compared to CNY 7,367,008.01 in the same period last year[10]. - The net profit attributable to shareholders was CNY 14,214,787.23, a significant recovery from a loss of CNY 9,058,566.25 in the previous year[10]. - Operating profit improved to ¥20,487,106.91 compared to a loss of ¥7,893,851.38 in the previous period[47]. - Net profit for the period reached ¥14,214,505.98, a substantial recovery from a net loss of ¥9,058,100.27 in the prior year[48]. - Earnings per share (EPS) increased to ¥0.014 from a loss of ¥0.009, indicating a positive turnaround[48]. - The company achieved a total comprehensive income of ¥14,214,505.98, recovering from a loss of ¥9,058,100.27 in the previous period[48]. Cash Flow - The net cash flow from operating activities was negative at CNY -50,192,668.94, a decline of 49.20% from CNY -33,641,161.99 year-on-year[10]. - Cash flow from operating activities was negative at -¥50,192,668.94, a 49.20% decline compared to the previous year, primarily due to land value-added tax payments[20]. - Cash inflow from operating activities totaled ¥21,069,614.81, up from ¥11,691,511.22, showcasing improved cash generation capabilities[55]. - The net cash flow from investment activities was -32,607,112.26, a decrease from 106,285,228.83 in the previous period, reflecting a decline of approximately 130.7%[57]. - The net cash flow from financing activities was -844,427.91, compared to 534,469.63 in the previous period, indicating a decline of approximately 257.5%[60]. - The net increase in cash and cash equivalents was -¥83,644,209.11, reflecting a 214.30% decline from the previous year[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,238,312,101.08, showing a slight increase of 0.36% from CNY 3,226,570,219.51 at the end of the previous year[10]. - Total liabilities rose to ¥398,163,130.35, up from ¥392,843,786.79, indicating an increase of about 1.3%[39]. - The total owner's equity reached ¥2,840,148,970.73, a slight increase from ¥2,828,033,508.09, reflecting a growth of approximately 0.43%[41]. - The company reported a total current liability of ¥350,393,019.29, which is an increase from ¥345,085,494.08, representing a growth of about 1.0%[39]. - The company’s total liabilities amounted to CNY 392,843,786.79, a slight increase of CNY 305,729.29[63]. Investments - The company reported a 64.49% increase in trading financial assets, totaling CNY 699,163,096.98, primarily due to the purchase of bank wealth management products[18]. - Long-term equity investments rose by 138.33% to CNY 856,420,667.78, reflecting increased investments in associated companies[18]. - Investment income reached ¥28,625,150.21, a turnaround from a loss of ¥12,209,105.18 in the previous year, due to the reduction of shares in listed companies and recognition of equity investment income[19]. - Investment income surged to ¥28,625,150.21 from a loss of ¥12,209,105.18, reflecting a strong performance in investment activities[47]. Operating Costs and Expenses - Operating costs increased by 99.89% to ¥5,106,363.04 due to new property maintenance costs and cultural tourism project costs[19]. - Total operating costs rose significantly to ¥18,940,989.05 from ¥11,561,511.38, an increase of about 63.8%[46]. - The company reported a significant increase in sales expenses to ¥1,828,922.62 from ¥1,741,232.35, indicating higher investment in sales efforts[47]. - Management expenses rose to ¥16,968,797.00 from ¥14,004,766.12, reflecting increased operational costs[47]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 73,527, with the largest shareholder holding 25.34% of the shares[14]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[15]. Regulatory and Reporting Notes - The first quarter report was not audited, indicating preliminary financial results[66]. - The company has adopted the new leasing standard effective January 1, 2021, impacting asset and liability reporting[66].

Financial Performance - The company's operating revenue for 2020 was CNY 120,238,211.70, representing a decrease of 30.86% compared to CNY 173,901,168.58 in 2019[17] - The net profit attributable to shareholders was ¥92,754,746.92, an increase of 48.74% compared to ¥62,362,068.82 in the previous year[18] - The operating income for 2020 was ¥120,238,211.70, down 30.83% from ¥173,901,168.58 in 2019[18] - The net cash flow from operating activities was -¥157,067,510.43, a significant decline of 6,394.27% compared to -¥2,418,555.73 in the previous year[18] - The basic earnings per share increased by 50% to ¥0.09 from ¥0.06 in 2019[18] - The total assets at the end of 2020 were ¥3,226,570,219.51, a decrease of 0.95% from ¥3,257,537,701.64 at the end of 2019[18] - The total operating revenue for 2020 was ¥120,238,211.70, a decrease of 30.86% compared to ¥173,901,168.58 in 2019[43] - The company reported a total investment of ¥482,000,000 in the current period, a 100% increase compared to ¥0 in the same period last year[67] Shareholder Information - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares to all shareholders, based on a total of 988,828,300 shares[7] - The proposed cash dividend for 2020 is CNY 0.50 per share, totaling CNY 49.44 million, with no stock dividends or capital reserve transfers planned[90] - In 2020, the company distributed cash dividends totaling ¥98,882,830, representing 106.61% of the net profit attributable to ordinary shareholders[92] - The cash dividend per 10 shares was set at ¥0.50, with a total of 988,828,300 shares as the basis for distribution[93] - The company's net profit attributable to shareholders for 2020 was ¥105,264,415.99, with a retained earnings balance of ¥302,938,605.80 after dividend distribution[95] - The total cash dividends accounted for 100% of the total profit distribution for the year[94] Business Diversification and Investments - The company has diversified its business since 2001, including investments in transportation infrastructure, real estate, hotel services, and advertising[16] - The company achieved sales revenue of ¥75,120,000 from real estate projects during the reporting period[27] - The company recognized highway compensation income of ¥18,200,000 as part of its infrastructure investment[27] - The company plans to diversify its real estate business towards sports and cultural properties in line with the Hainan Free Trade Port development[40] - The company aims to enhance its cultural and sports health industry projects, focusing on the Hainan (Wenchang) International Racing Sports Park and other leisure fishing projects[85] Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies, as stated in the report[7] - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[6] - The company operates under the supervision of the China Securities Regulatory Commission and the Shenzhen Stock Exchange[7] - The company has established a legal dispute handling model to improve the management of litigation cases and ensure compliance in operations[36] - The company has committed to ensuring fair and just related transactions to protect minority shareholders' rights[96] Corporate Governance - The company has maintained a stable board composition with several members serving since 2019, ensuring continuity in governance[180] - The company is focused on maintaining strong corporate governance practices through its diverse and experienced board of directors[180] - The board includes a diverse group of professionals with backgrounds in finance, engineering, and management, enhancing the company's strategic capabilities[179] - The company has a clear succession plan in place, as evidenced by the structured management transitions and board appointments[177] Employee and Community Engagement - The company invested a total of 1.4447 million yuan in poverty alleviation efforts throughout the year[141] - A total of 6 poverty alleviation projects were implemented, benefiting 519 households through direct assistance[142] - The company emphasizes employee rights protection by adhering to labor laws and providing various insurance benefits[139] - The company has organized community service activities, including blood donation drives[139] Legal and Regulatory Matters - The company faced litigation involving a total claim of 7,298,000 yuan related to a construction contract dispute, which is currently in the first-instance judgment stage[110] - Another litigation involves a claim of 3,396,300 yuan, also in the first-instance stage, with an uncertain outcome[110] - The company reported no penalties or rectification issues during the reporting period[112] Financial Management - The company has engaged Da Hua Accounting Firm for auditing services during the reporting period[17] - The audit firm Dahuah was retained for the 2020 annual audit, with a fee of 700,000 yuan, and has been providing services for two consecutive years[107] - The company has no significant impact from related party debts on its operating results and financial status[118] Market Conditions - In 2020, the real estate market in Hainan saw a 9.4% decline in sales area and a 3.4% decrease in sales revenue, with the company’s project in Qionghai facing significant purchase restrictions[38] - The real estate market is expected to slow down due to ongoing regulatory policies emphasizing "housing for living, not speculation" and "city-specific policies" during the 14th Five-Year Plan period[86]