Financial Performance - The company's operating revenue for 2018 was CNY 2,289,674,252.99, representing a 24.03% increase compared to CNY 1,846,068,699.61 in 2017[16] - The net profit attributable to shareholders for 2018 was CNY 96,102,349.92, a decrease of 76.61% from CNY 410,859,621.67 in 2017[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 84,665,787.36, down 59.35% from CNY 208,270,181.86 in the previous year[16] - Basic earnings per share for 2018 were CNY 0.09, a decrease of 75.68% from CNY 0.37 in 2017[16] - The total profit for the reporting period was CNY 254 million, a decrease of 55.15% compared to the previous year, primarily due to impairment losses on certain inventories and goodwill[55] - The net profit attributable to shareholders for the reporting period was CNY 96 million, a decrease of 76.61% year-on-year, reflecting the decline in total profit[57] Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 1,971,935,777.14, a decline of 52.93% compared to -CNY 1,289,409,871.17 in 2017[16] - The company reported a significant decline in cash flow, indicating potential liquidity issues that may affect future operations[16] - The company's cash balance at the end of the period was 1.305 billion yuan, a decrease of 64.17% from the beginning of the year, primarily due to land payments and debt repayments[31] - The company reported a cash net increase of -CNY 2.345 billion during the reporting period, with cash inflows from operating activities amounting to CNY 1.916 billion and outflows of CNY 3.888 billion[58] - Operating cash inflow decreased by 26.75% to ¥1,916,497,100.08 compared to the previous year[73] Assets and Liabilities - Total assets at the end of 2018 were CNY 9,676,295,858.79, a decrease of 6.08% from CNY 10,302,263,811.06 at the end of 2017[16] - The net assets attributable to shareholders at the end of 2018 were CNY 5,209,670,070.02, an increase of 1.72% from CNY 5,121,713,708.07 in 2017[16] - The company's total financing balance at the end of the reporting period was CNY 1.686 billion, with company bonds accounting for CNY 830.61 million[5] - The total amount of guarantees approved for subsidiaries during the reporting period was RMB 1,039.27 million, with an actual guarantee amount of RMB 279.43 million[145] - The actual guarantee amount at the end of the reporting period accounted for 5.36% of the company's net assets[145] Business Operations - The company is focusing on real estate development, property leasing, and management, with ongoing projects in Tianjin Binhai New Area[27] - The company aims to expand into high-quality equity investments in the aviation industry and develop industrial parks to create new profit growth points[32] - The company has developed a total project area of 2,008,000 square meters, with a focus on residential projects[29] - The company successfully acquired land in Tianjin's Nankai District, expanding its project and land reserves beyond the Binhai New Area[39] - The company completed a total of 73,380.41 square meters of construction in the Tianbao Jinhai Coast D07 project, with an actual investment of 553.03 million yuan[42] Market Conditions - The real estate market is stabilizing, with a slowdown in sales growth, particularly in third and fourth-tier cities, influenced by government policies[28] - The real estate development investment in Tianjin increased by 8.6% in 2018, with commercial housing sales area declining by 15.7%[37] - The real estate industry is expected to face increased competition, with larger firms gaining advantages in land resource competition and mergers[100] - The real estate market remains in a long-term prosperous cycle, but short-term fluctuations may lead to revenue volatility, prompting the company to improve operational efficiency and seek new resources[105] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.81 per 10 shares, totaling CNY 89,000,000.00 based on 1,109,830,895 shares[5] - The cash dividend for 2018 represents 93.54% of the net profit attributable to ordinary shareholders, which was 96,102,349.92 yuan[114] - The total distributable profit for the year 2018 was 1,863,764,682.50 yuan, with the cash dividend accounting for 100% of the profit distribution[115] - The company has maintained a consistent cash dividend policy over the past three years, with no adjustments or changes made during the reporting period[113] Corporate Governance - The company has established a complete decision-making process for its cash dividend policy, ensuring transparency and compliance with regulations[112] - The independent directors have played a significant role in the formulation and execution of the cash dividend policy, providing independent opinions[112] - The company has actively engaged with minority shareholders to ensure their rights and opinions are considered in the decision-making process[112] - The company retained ShineWing Certified Public Accountants (Special General Partnership) for the 2018 audit, with a total audit fee of 650,000 RMB[126] - The company has implemented a comprehensive internal control system to prevent insider trading and ensure the safety of shareholder assets[153] Employee and Management Structure - The company employed a total of 127 staff members, with 62 being technical personnel and 13 in sales[198] - The total remuneration for the company's directors and senior management during the reporting period amounted to CNY 4.1761 million[196] - The company has a diverse professional composition, with 22 senior and middle management personnel[198] - The independent directors receive a nominal fee of CNY 60,000 each[195] - The company has not granted any stock incentives to its directors and senior management during the reporting period[198] Training and Development - A total of 19 specialized training sessions were organized throughout the year, with approximately 231 participants trained[200] - The training programs included courses on management, legal risk control, human resources, safety, budgeting, financial management, and corporate strategy[200] - The training initiatives aimed to enhance leadership, management, and professional skills across different employee levels[200] - The company established an effective individual performance evaluation system linked to compensation incentives to boost employee motivation and creativity[199]

Financial Performance - Operating revenue for the period reached CNY 1,178,624,291.66, a significant increase of 1,471.09% year-on-year[8] - Net profit attributable to shareholders was CNY 140,634,822.05, reflecting a year-on-year increase of 1,772.56%[8] - Basic earnings per share rose to CNY 0.13, an increase of 1,725.00% compared to the same period last year[8] - Operating revenue for the first nine months of 2018 reached ¥2,253,144,686.78, a 266.76% increase compared to the same period in 2017, driven by revenue recognition from the Yijing Lanting Phase II and Jinhai Coast D07 projects[18] - The company reported a net profit attributable to the parent company of ¥379,477,303.24, a 129.56% increase year-on-year, reflecting the overall profit growth[18] Assets and Liabilities - Total assets decreased by 5.49% to CNY 9,736,182,468.37 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 7.25% to CNY 5,493,045,577.62 compared to the end of the previous year[8] - The company's cash and cash equivalents decreased by 69.58% to ¥1,107,734,612.98, primarily due to land payments[16] - Inventory increased by 44.37% to ¥6,794,978,568.41, mainly due to increased land payments for the Nankai District project[16] - Short-term borrowings increased to ¥500,000,000.00, marking a 100% rise due to new borrowings within one year[16] - Deferred tax assets rose by 38.65% to ¥268,227,375.48, primarily due to increased income tax provisions[16] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 1,982,131,642.65, a decrease of 14.62% year-on-year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,775[11] - The largest shareholder, Tianjin Tianbao Holdings Co., Ltd., held 51.45% of the shares, totaling 570,995,896 shares[11] Government Subsidies - The company received government subsidies amounting to CNY 12,804,586.44, primarily related to Tianbao Apartment operational subsidies[9] Tax and Charges - The company experienced a significant increase in tax and additional charges, which rose by 4,838.76% to ¥663,739,988.77, mainly due to increased land value tax[18] Compliance and Governance - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[27] - The company had no violations regarding external guarantees during the reporting period[33] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[34] - The company provided regular reports and public information to understand its business operations and property sales[32]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,074,520,395.12, representing a 99.24% increase compared to CNY 539,319,475.02 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 238,842,481.19, a 37.49% increase from CNY 173,711,552.77 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 228,563,289.10, up 31.58% from CNY 173,711,552.77 in the previous year[17]. - The basic earnings per share increased to CNY 0.22, a rise of 37.50% compared to CNY 0.16 in the same period last year[17]. - The company achieved operating revenue of CNY 1.07 billion, a year-on-year increase of 99.24%, primarily due to the revenue recognition from the Yijing Lanting Phase II project[40]. - Net profit attributable to shareholders reached CNY 239 million, up 37.49% year-on-year, driven by the same project revenue recognition[40]. - Operating costs amounted to CNY 468 million, reflecting a 90.80% increase compared to the previous year, aligned with the revenue recognition from the Yijing Lanting Phase II project[40]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,781,579,113.07, down 5.05% from CNY 10,302,263,811.06 at the end of the previous year[17]. - The company's total liabilities were CNY 4.42 billion, down 14.69% from the previous year, resulting in an asset-liability ratio of 45.19%[40]. - The net assets attributable to shareholders of the listed company increased to CNY 5,352,410,755.57, reflecting a 4.50% increase from CNY 5,121,713,708.07 at the end of the previous year[17]. - The company's total liabilities increased to CNY 2,349,708,636.92 in the first half of 2018 from CNY 2,083,284,212.66 in the previous year, representing a rise of about 12.8%[150]. - Total liabilities decreased from CNY 5,180,550,102.99 to CNY 4,420,259,097.66, a decline of about 14.7%[142]. Cash Flow - The company reported a net cash flow from operating activities of CNY -1,480,773,707.86, an improvement of 43.06% compared to CNY -2,600,749,902.50 in the previous year[17]. - The net cash flow from operating activities was CNY -1.48 billion, an improvement of 43.06% year-on-year, mainly due to reduced land auction payments[41]. - The ending balance of cash and cash equivalents was 2,378,204,634.29 CNY, slightly up from 2,309,783,113.34 CNY in the previous period[160]. - The cash and cash equivalents net increase was -1,260,215,548.57 CNY, an improvement from -2,585,251,552.11 CNY in the previous period[160]. Investment and Development - The company successfully acquired land in the Nankai District, expanding its project and land reserves from the Binhai New Area to the city center, enhancing brand influence and future performance[35]. - The total area of land acquired for development during the reporting period was 51,315.50 square meters, with a cumulative total of 137,087.00 square meters[35]. - The company reported a significant increase in investment, with a total investment of CNY 1,582,829,000.00 during the reporting period, up 392.03% from CNY 321,696,800.00 in the same period last year[49]. - The company plans to establish a wholly-owned subsidiary in Nankai District for the development of the acquired land plot[92]. Business Operations - The company primarily engaged in real estate development and sales, property leasing, and property management during the reporting period[25]. - In the first half of 2018, the company's main business profit primarily came from real estate, with a focus on residential projects in the Tianjin Binhai New Area[33]. - The company introduced over 10 enterprises into its industrial park, focusing on the bio-health industry during the reporting period[35]. - The company aims to leverage the regional development strategy and its three main business segments: real estate, industrial park operations, and quality equity investments for sustainable growth[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,321[101]. - Tianjin Tianbao Holdings Limited holds 51.45% of the shares, with an increase of 51,908,718 shares during the reporting period[102]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[105]. Corporate Governance - The half-year financial report has not been audited[68]. - The company has not implemented any employee incentive plans during the reporting period[72]. - There were no major litigation or arbitration matters during the reporting period[71]. - The company has not faced any penalties or rectification issues during the reporting period[71]. Future Outlook - The company plans to accelerate project turnover and enhance marketing efforts to mitigate risks associated with policy changes in the real estate sector[60]. - The company aims to diversify its business model and explore new investment opportunities to reduce reliance on residential real estate development[62]. - The future outlook remains cautious due to market volatility, with a focus on cost control and efficiency improvements[167].

天津天保基建股份有限公司 TianJin Tianbao Infrastructure Co.,Ltd. （000965） 二○一八年 第一季度报告正文 （截止 2018 年 3 月 31 日） 二〇一八年四月 天津天保基建股份有限公司 2018 年第一季度报告正文 证券代码：000965 证券简称：天保基建 公告编号：2018-13 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 周广林董事长、路昆董事、薛晓芳董事、周善忠董事、马弘独立董事、运 乃建独立董事、段咏独立董事全部亲自出席了审议本次季报的董事会会议。 公司负责人周广林、主管会计工作负责人梁德强及会计机构负责人(会计主 管人员)崔利彬声明：保证季度报告中财务报表的真实、准确、完整。 1 天津天保基建股份有限公司 2018 年第一季度报告正文 第二节 公司基本情况 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 950,723,894.9 ...

Financial Performance - The company's operating revenue for 2017 was CNY 1,846,068,699.61, representing an increase of 11.55% compared to CNY 1,654,884,216.49 in 2016[16]. - The net profit attributable to shareholders for 2017 was CNY 410,859,621.67, a significant increase of 41.37% from CNY 290,632,020.89 in 2016[16]. - The basic earnings per share for 2017 was CNY 0.41, up 41.38% from CNY 0.29 in 2016[16]. - The weighted average return on equity for 2017 was 8.36%, an increase of 1.97% from 6.39% in 2016[16]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was CNY 208,270,181.86, down 26.76% from CNY 284,376,234.66 in 2016[16]. - The total profit for the reporting period was 566 million yuan, representing a year-on-year increase of 39.08%, driven by the sales confirmation from subsidiaries and the E01 project contributing 270 million yuan in pre-tax profit[54][55]. - The net profit for the reporting period was 411 million yuan, an increase of 41.37% compared to the previous year, attributed to the overall increase in profit[56]. Cash Flow and Investments - The net cash flow from operating activities for 2017 was negative CNY 1,289,409,871.17, a decrease of 193.12% compared to CNY 1,384,642,454.46 in 2016[16]. - Cash and cash equivalents at the end of the reporting period were CNY 3.64 billion, a decrease of 26.27% compared to the beginning of the year, primarily due to land payments for new projects[29]. - The company reported a cash net increase of -1.257 billion yuan, with operating cash inflows of 2.616 billion yuan and outflows of 3.905 billion yuan, primarily due to land payments[57]. - The total investment amount during the reporting period was ¥3,138,500,000.00, a 215.92% increase from the previous year[76]. Assets and Liabilities - Total assets at the end of 2017 were CNY 10,302,263,811.06, an increase of 22.72% from CNY 8,394,968,623.87 at the end of 2016[16]. - The net assets attributable to shareholders at the end of 2017 were CNY 5,121,713,708.07, a growth of 9.34% from CNY 4,684,236,928.55 at the end of 2016[16]. - The company's total land reserve amounted to 160,367.30 thousand square meters, with a total construction area of 420,298.45 thousand square meters[36]. Real Estate Development - The real estate development projects primarily focus on residential properties, with a cumulative development area of nearly 2 million square meters, contributing to the company's competitive position in the Tianjin market[28]. - In 2017, the company's real estate development investment reached CNY 109,799 million, a nominal increase of 7.0% year-on-year, with residential investment accounting for CNY 75,148 million, growing by 9.4%[33]. - The company's housing construction area was 781,484 thousand square meters, reflecting a year-on-year growth of 3.0%, while the new housing construction area increased by 7.0% to 178,654 thousand square meters[33]. - The total sales area of commercial housing was 169,408 thousand square meters, up 7.7% from the previous year, with residential sales area increasing by 5.3%[33]. - The company's unsold commercial housing area decreased by 29.9% during the reporting period[35]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.10 per 10 shares, totaling CNY 100,893,717.80 based on 1,008,937,178 shares[5]. - The cash dividend represents 2.46% of the net profit attributable to the company's ordinary shareholders, which is 410,859,621.67 RMB for 2017[115]. - The company has maintained a consistent cash dividend policy over the past three years, with dividends of 0.14 RMB, 0.12 RMB, and 0.10 RMB per 10 shares for 2015, 2016, and 2017 respectively[115]. Corporate Governance and Management - The company has engaged in 39 communication sessions with investors, including 3 institutional and 36 individual inquiries[110]. - The company has seen a complete turnover in its independent directors, with Luo Yongtai, Fu Xudong, and Li Xiang all leaving on August 22, 2017, after their terms expired[181]. - The company continues to expand its leadership team with professionals from various backgrounds, enhancing its operational capabilities[184]. - The company has established a long-term incentive mechanism combining short-term, medium-term, and long-term incentives to enhance employee motivation[197]. Market and Industry Trends - The real estate market is currently stabilizing, with government policies affecting price and transaction volumes, particularly in first and second-tier cities, while third and fourth-tier cities are experiencing a rebound[27]. - The real estate industry is experiencing significant regulatory impacts, with a focus on stabilizing housing prices and curbing speculation[96]. - Urbanization remains a key driver of economic growth, supporting the stability of the real estate sector[96]. Acquisitions and Expansion - The company is actively expanding into the aviation manufacturing sector through the acquisition of Zhongtian Aviation, which holds a 49% stake in Airbus (Tianjin) Assembly Co., enhancing future growth potential[26]. - The company completed the acquisition of 60% equity in Tianjin Zhongtian Aviation Industrial Investment Co., Ltd. for a transfer price of RMB 32,197,000, with no gain or loss from the transaction[131]. Risk Management - The company faces significant policy risks due to the impact of macroeconomic regulations on land acquisition, project development, and financing, and plans to dynamically adjust its operational strategies accordingly[101]. - The company recognizes the risk of a single business model in residential real estate development and aims to diversify its business and explore quality equity investments[105].

天津天保基建股份有限公司 TianJin Tianbao Infrastructure Co.,Ltd. （000965） 二○一七年 第三季度报告正文 （截止 2017 年 9 月 30 日） 二〇一七年十月 天津天保基建股份有限公司 2017 年第三季度报告正文 证券代码：000965 证券简称：天保基建 公告编号：2017-57 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 周广林董事长、路昆董事、薛晓芳董事、周善忠董事、马弘独立董事、运 乃建独立董事、段咏独立董事全部出席了审议本次季报的董事会会议。 公司负责人周广林、主管会计工作负责人梁德强及会计机构负责人(会计主 管人员)崔利彬声明：保证季度报告中财务报表的真实、准确、完整。 1 天津天保基建股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末 | | --- | ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 539,319,475.02, a decrease of 22.05% compared to CNY 691,893,291.13 in the same period last year[20]. - Net profit attributable to shareholders increased by 55.69% to CNY 173,711,552.77, up from CNY 111,573,053.65 in the previous year[20]. - Basic earnings per share rose by 54.55% to CNY 0.17, compared to CNY 0.11 in the previous year[20]. - The company reported a total revenue of CNY 539.32 million, a decrease of 22.05% compared to the previous year[43]. - Operating profit increased by 70.59% to CNY 238.39 million, primarily due to revenue recognition from the E01 land project[43]. - Net profit reached CNY 173.71 million, reflecting a growth of 55.69% year-on-year[43]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which amounted to CNY -28,247,976.56, compared to CNY 111,009,051.65 in the previous year, a decrease of 125.45%[20]. - The estimated cumulative net profit for the period from the beginning of the year to the next reporting period is projected to be 15,000,000 RMB, representing a growth of 28.80% compared to the same period last year[65]. - The basic earnings per share is expected to be 0.15 RMB, an increase of 25.00% from the previous year[65]. - The company anticipates significant growth in net profit for the first nine months of 2017 due to high profit margins from certain commercial projects and successful revenue recognition[65]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,095,663,635.93, an increase of 8.35% from CNY 8,394,968,623.87 at the end of the previous year[20]. - The company’s total liabilities increased by 13.48% to CNY 421.11 million, resulting in a debt-to-asset ratio of 46.30%[45]. - Cash and cash equivalents at the end of the reporting period amounted to ¥2,357,450,683.74, representing 25.92% of total assets, a decrease of 4.25% compared to the previous year[53]. - The company’s inventory increased by 111.13% to CNY 476.31 million, mainly due to land acquisitions[44]. - The total assets of Tianjin Tianbao Real Estate Development Co., Ltd. reached ¥4,110,835,000.00, a 156.16% increase year-over-year, while net assets increased by 0.59% to ¥111,224,260.00[63]. - The company’s long-term liabilities totaled approximately 1.959 billion yuan, up from 1.604 billion yuan at the end of the previous year[150]. - The total liabilities at the end of the current period were CNY 1,968.0 million, reflecting the company's financial obligations[179]. Cash Flow - The net cash flow from operating activities was negative at CNY -2,600,749,902.50, a significant decline of 1,172.83% compared to CNY 242,419,553.31 in the same period last year[20]. - Operating cash inflow from operating activities was CNY 7,322,158,560.78, significantly up from CNY 767,958,665.45 in the previous period, marking an increase of approximately 855.5%[165]. - The company reported a significant increase in cash received from operating activities, amounting to 7,515,637,709.45 yuan compared to 135,323,854.42 yuan previously[167]. - Total cash outflow from operating activities was 8,082,130,840.99 yuan, compared to 133,201,891.57 yuan in the previous period[167]. - The company raised 3,750,000,000.00 yuan through borrowing, with cash outflow for debt repayment amounting to 3,400,000,000.00 yuan, leading to a net cash flow from financing activities of 336,663,748.19 yuan[169]. Investments and Acquisitions - The company completed the acquisition of a 60% stake in Tianjin Zhongtian Aviation Industrial Investment Co., enhancing its investment portfolio and sustainable development capabilities[29]. - The company successfully acquired two land parcels in Tianjin Binhai New Area, increasing its land reserves for future real estate development[36]. - The company reported a non-recurring profit of CNY 201,959,529.33 after tax adjustments, with a significant contribution from the E01 project reserve[25]. - The company has not engaged in any joint external investment related party transactions during the reporting period[87]. Risk Management - The company highlighted potential risks and countermeasures in its report, urging investors to pay attention to investment risks[5]. - The company faces policy risks due to the significant impact of macroeconomic regulations on the real estate industry, particularly concerning land and financing[66]. - To mitigate risks, the company plans to dynamically adjust its operational strategies and enhance project management to improve risk resistance[68]. - The real estate market's cyclical nature poses risks of revenue fluctuations, prompting the company to focus on optimizing its real estate segment and improving product quality[69]. - The company aims to diversify its business model to reduce reliance on residential real estate development and explore new investment opportunities[70]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 68,818[111]. - The largest shareholder, Tianjin Tianbao Holdings Co., Ltd., holds 51.45% of the shares, totaling 519,087,178 shares[112]. - Shareholder Zhao Yangmin holds 0.55% of the shares, totaling 5,514,000 shares, with a change of 970,000 shares during the reporting period[113]. - The company has not experienced any changes in its controlling shareholder during the reporting period[114]. - There are no changes in the actual controller of the company during the reporting period[115]. Corporate Governance - The company’s financial statements were approved by the board of directors on August 25, 2017, ensuring compliance with regulatory requirements[188]. - The company has a dedicated financial department responsible for coordinating the repayment of bond principal and interest[129]. - The company prepares financial statements based on the going concern assumption, supported by a history of profitable operations and financial resources[192]. Related Party Transactions - The company reported a total of 256.48 million yuan in related party transactions during the reporting period[85]. - The company has a deposit of 930,767,523.22 yuan with Tianjin Tianbao Financial Company as of the end of the reporting period[90]. - The company engaged in related party transactions with Tianjin Tianbao Commercial Factoring Company for accounts receivable factoring services[91].

天津天保基建股份有限公司 TianJin Tianbao Infrastructure Co.,Ltd. （000965） 二○一七年 第一季度报告正文 （截止 2017 年 3 月 31 日） 天津天保基建股份有限公司 2017 年第一季度报告正文 证券代码：000965 证券简称：天保基建 公告编号：2017-24 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 周广林董事长、路昆董事、薛晓芳董事、罗永泰独立董事、付旭东独立董 事、李祥独立董事全部亲自出席了审议本次季报的董事会会议。 公司负责人周广林、主管会计工作负责人梁德强及会计机构负责人(会计主 管人员)崔利彬声明：保证季度报告中财务报表的真实、准确、完整。 1 天津天保基建股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 二〇一七年四月 公司是否因会计政策变更及会计差错更正等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 | ...

Financial Performance - The company's operating revenue for 2016 was CNY 1,654,884,216.49, representing a 26.68% increase compared to CNY 1,306,307,370.41 in 2015[18] - The net profit attributable to shareholders for 2016 was CNY 290,632,020.89, a 55.52% increase from CNY 186,876,400.01 in 2015[18] - The net cash flow from operating activities reached CNY 1,384,642,454.46, marking a significant increase of 125.61% from CNY 613,720,797.13 in the previous year[18] - Basic earnings per share for 2016 were CNY 0.29, up 52.63% from CNY 0.19 in 2015[18] - Total assets at the end of 2016 amounted to CNY 8,394,968,623.87, a 26.89% increase from CNY 6,615,762,147.04 at the end of 2015[19] - The net assets attributable to shareholders increased by 6.27% to CNY 4,684,236,928.55 from CNY 4,407,725,268.39 in 2015[19] - The weighted average return on equity for 2016 was 6.39%, an increase from 4.32% in 2015[19] - The company reported a quarterly revenue of CNY 874,093,959.53 in Q4 2016, contributing significantly to the annual total[23] - The net profit attributable to shareholders in Q4 2016 was CNY 174,171,192.05, indicating strong performance in the last quarter[23] Cash Flow and Investments - The company reported a non-operating loss of CNY 1,429.90 million from the disposal of non-current assets in 2016, compared to a gain of CNY 168,492.66 million in previous years[24] - Government subsidies recognized in the current period amounted to CNY 1,409,111.92 million, an increase from CNY 743,519.28 million in 2015[25] - The company achieved a total non-recurring profit of CNY 6,255,786.23 million in 2016, significantly higher than CNY 640,825.14 million in 2015[26] - The net cash flow from investment activities was 383,620,274.73 yuan, a significant increase from -502,866,108.31 yuan in the previous year, marking a 176.29% change[56] - The net cash flow from financing activities was 744,216,657.19 yuan, a decrease of 3.07% compared to the previous year[57] Real Estate Sector Performance - The real estate sector saw a record high in sales, with total sales reaching CNY 11.8 trillion, a year-on-year increase of 34.8%[31] - The company’s sales revenue from commodity housing was 158,151.35 million CNY, up by 32,638.75 million CNY, or 26% year-on-year[43] - The gross profit margin for real estate sales was 37.80%, reflecting an increase of 3.98% year-on-year[49] Corporate Actions and Dividends - The company plans to distribute a cash dividend of CNY 0.12 per 10 shares, totaling CNY 121,070,000.00 based on 1,008,937,178 shares[5] - The cash dividend for 2014 was RMB 0.31 per share, totaling RMB 31,277,052.52, representing 11.80% of the net profit attributable to shareholders[100] - The company has not made any adjustments to its cash dividend policy during the reporting period[97] Acquisitions and Investments - The company acquired a 60% stake in Tianjin Zhongtian Aviation Industrial Investment Co., enhancing its capabilities in the aviation manufacturing sector[30] - The company successfully acquired 3,490.61 million shares of Bohai Securities through market bidding[40] - The company issued bonds worth 800 million CNY with a coupon rate of 3.18% to support its ongoing development[40] Risk Management and Strategy - The company faces policy risks due to macroeconomic regulations affecting land and financing, necessitating dynamic adjustments to its operational strategies[85] - The company is addressing industry risks by optimizing its real estate segment and actively seeking quality land resources through partnerships with well-known real estate firms[86] - The company is working to diversify its business model to mitigate risks associated with its current focus on residential real estate development[87] Governance and Management - The company experienced a leadership change with the resignation of Chairman Sun Yaning on January 16, 2017, due to work reasons, and the election of Zhou Guanglin as the new Chairman on the same day[163] - The current management team includes experienced professionals with backgrounds in finance, engineering, and risk management, contributing to the company's strategic direction[169] - The company has established a clear framework for assessing and rewarding its senior management based on industry standards and past performance[172] Related Party Transactions - The company reported a total of 1,594.9 million CNY in related party transactions during the reporting period[115] - The company emphasized that all related party transactions were conducted based on fair market principles, ensuring no profit transfer occurred[116] - The company disclosed that all related party transactions were in compliance with regulatory requirements and were publicly announced[115] Financial Health and Audit - The company maintained a sound financial system and good financial operation status in 2016[200] - The financial operations complied with the requirements of the "Enterprise Accounting Standards" and other relevant financial regulations[200] - The company received a standard unqualified audit report from the accounting firm, which accurately reflects its financial status and operating results for 2016[200]

Financial Performance - Operating revenue for the reporting period reached CNY 88,896,965.83, representing an 11.49% year-on-year increase, while year-to-date revenue was CNY 780,790,256.96, up 77.95%[8] - Net profit attributable to shareholders decreased by 56.84% to CNY 4,887,775.19 for the reporting period, but increased by 41.81% to CNY 116,460,828.84 year-to-date[8] - Basic earnings per share for the reporting period was CNY 0.005, down 54.55%, while year-to-date earnings per share increased by 50% to CNY 0.12[8] - Operating revenue rose by 77.95% to ¥780,790,256.96, driven by increased sales of properties meeting revenue recognition criteria[16] - Net profit increased by 41.81% to ¥116,460,828.84, attributed to higher revenue recognition[16] Assets and Liabilities - Total assets as of September 30, 2016, amounted to CNY 6,622,592,168.37, reflecting a 0.10% increase from the end of the previous year[8] - Net assets attributable to shareholders increased by 2.32% to CNY 4,510,065,736.50 compared to the end of the previous year[8] - Accounts receivable increased by 45.26% to ¥6,650,161.05 due to increased rental income[16] - Other current assets decreased by 100% to ¥0.00 as a result of recovering principal from financial investments[16] - Deferred tax assets decreased by 33.62% to ¥51,764,559.11 due to increased revenue recognition[16] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was CNY 302,371,176.05, a decrease of 15.69% compared to the previous year[8] - The company plans to use up to ¥500 million of idle funds for short-term bank wealth management products, with a total of ¥500 million invested and recovered during the period[21] - The total investment amount for entrusted financial management is capped at 500 million RMB, which can be used for purchasing bank financial products[22] - The company achieved a revenue of 48.33 million RMB with an annualized yield of 2.9% from its Tianjin branch[22] - The company also reported a revenue of 200.44 million RMB with an annualized yield of 2.95% from its Tianjin Free Trade Zone branch[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,185[12] - Tianjin Tianbao Holdings Co., Ltd. remains the largest shareholder, holding 51.45% of the shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Government Subsidies and Special Funds - The company received government subsidies amounting to CNY 1,029,899.44 during the reporting period[9] - The company received a special subsidy of ¥10,486,028.73, marking a 1584.90% increase in non-operating income[16] - The balance of the special fundraising account as of September 30, 2016, was ¥328,013,814.94 after expenditures of ¥182,913,938.29[19] Strategic Initiatives and Governance - The company conducted multiple communications regarding the acquisition of Zhongtian Aviation, indicating ongoing strategic initiatives[26][27] - The chairman of the board is Sun Yaning, indicating stable leadership[30] - There were no commitments that were not fulfilled by the company or its related parties during the reporting period[23] - There were no violations related to external guarantees during the reporting period[28] - The company reported no non-operating fund occupation by controlling shareholders or related parties[29] - The company has not engaged in any securities or derivative investments during the reporting period[24][25] - There were no overdue principal or income amounts reported during the period[22]