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]

Financial Performance - The company's operating revenue for the first half of 2016 was CNY 691,893,291.13, representing a 92.71% increase compared to CNY 359,025,864.54 in the same period last year[21]. - Net profit attributable to shareholders was CNY 111,573,053.65, up 57.59% from CNY 70,798,454.85 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 111,009,051.65, reflecting a 57.32% increase compared to CNY 70,562,072.10 in the previous year[21]. - Basic earnings per share rose to CNY 0.11, a 57.14% increase from CNY 0.07 in the previous year[21]. - The company achieved operating revenue of 691.89 million yuan, an increase of 92.71% compared to the same period last year[35]. - Net profit reached 111.57 million yuan, reflecting a growth of 57.59% year-on-year[35]. Cash Flow and Assets - The net cash flow from operating activities was CNY 242,419,553.31, an increase of 65.74% from CNY 146,260,605.60 in the same period last year[21]. - Total assets at the end of the reporting period were CNY 6,541,874,129.89, a decrease of 1.12% from CNY 6,615,762,147.04 at the end of the previous year[21]. - The company's total liabilities decreased by 7.76% to 2.04 billion yuan, with a debt-to-asset ratio of 31.13%[36]. - The company's cash and cash equivalents increased to ¥2,533,162,747.57 from ¥2,425,710,868.57, representing a growth of approximately 4.46%[174]. - Total cash and cash equivalents at the end of the period reached ¥2,490,007,158.07, compared to ¥1,618,416,907.02 at the end of the previous period, indicating a healthy liquidity position[189]. Investments and Acquisitions - The company acquired 0.86% equity in Bohai Securities for 12.28 million yuan, enhancing its investment in financial enterprises[33]. - The company also completed the acquisition of 60% equity in Zhongtian Aviation, marking its expansion into the aviation sector[33]. - The company agreed to acquire 60% equity of Zhongtian Aviation from Tianjin Bonded Zone Investment Co., Ltd. for RMB 321.9776 million, based on an asset evaluation report[49]. - The company acquired 0.8646% of Bohai Securities, amounting to 34,906,149 shares, for 122.813 million yuan[116]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 43,195[156]. - The largest shareholder, Tianjin Tianbao Holdings Co., Ltd., holds 51.45% of the shares, totaling 519,087,178 shares[156]. - The second largest shareholder, Tianjin Jinrong Investment Service Group Co., Ltd., holds 2.67% of the shares, totaling 26,987,687 shares[156]. - There were no changes in the number of shares held by major shareholders during the reporting period[156]. Dividends and Profit Distribution - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - The company did not distribute any profits to shareholders during this period[195]. Financial Management and Compliance - The company has implemented a comprehensive internal control mechanism and has conducted multiple audits to ensure compliance and improve management processes[80]. - There were no significant litigation or arbitration matters during the reporting period[82]. - The company did not engage in any asset acquisitions or sales during the reporting period[86][87]. Future Outlook and Strategy - The company is actively optimizing its development direction and expanding new business areas in response to market changes[32]. - Future outlook remains positive with a focus on maintaining operational efficiency and exploring new market opportunities[186]. Miscellaneous - The company has not reported any new product launches or technological advancements during this period[185]. - There were no significant mergers or acquisitions reported in the current financial period[185].

Financial Performance - The company's operating revenue for Q1 2016 was ¥525,480,452.33, representing a 238.81% increase compared to ¥155,095,045.09 in the same period last year[7] - Net profit attributable to shareholders was ¥79,110,285.93, up 169.63% from ¥29,340,643.09 year-on-year[7] - The basic earnings per share increased to ¥0.08, a rise of 166.67% compared to ¥0.03 in the previous year[7] - The company's main business revenue for Q1 2016 reached CNY 525.48 million, a significant increase of 238.81% compared to CNY 155.10 million in Q1 2015[17] - The net profit for Q1 2016 was CNY 79.11 million, representing a 169.63% increase from CNY 29.34 million in the same period last year[17] - The company reported a significant increase in non-operating income, which reached CNY 9.56 million, up 20,677.42% from CNY 46,000 in the previous year[17] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥92,969,291.15, worsening by 178.53% from -¥33,378,035.02 in the same period last year[7] - Total assets decreased by 6.12% to ¥6,210,894,553.10 from ¥6,615,762,147.04 at the end of the previous year[7] - The net assets attributable to shareholders increased by 1.79% to ¥4,486,835,554.32 from ¥4,407,725,268.39 at the end of the previous year[7] - Accounts receivable increased by 44.10% to CNY 6.60 million due to an increase in rental income[17] - The company reduced other current assets by 40.00% to CNY 300 million, attributed to a decrease in financial management amounts[17] Shareholder Information - The largest shareholder, Tianjin Tianbao Holdings Co., Ltd., holds 51.45% of the shares, totaling 519,087,178 shares[12] - The second-largest shareholder, Tianjin Jinrong Investment Service Group Co., Ltd., holds 2.67% with 26,987,687 shares[12] - Tianjin Tianbao Holdings committed to not reducing its shareholding in the company, holding 519,087,178 shares, which accounts for 51.45% of the total share capital[28] Investment and Acquisitions - The company successfully acquired 0.8646% equity (34,906,149 shares) of Bohai Securities for CNY 122.81 million[18] - The company successfully acquired the land use rights for the "Tianjin Binbao (G) 2015-11" project at a price of 1.64 million yuan, along with associated buildings priced at 26.36 million yuan, totaling 27.99 million yuan[25] - The company plans to adjust the land use of the Huiying Industrial Park project to industrial research and development land to facilitate project sales[23] - The company approved the transfer of the above-ground buildings of the Huiying Industrial Park project with a listing price of 26.36 million yuan[24] - The company successfully acquired 0.8646% equity in Bohai Securities Co., Ltd.[26] Financial Management - The company engaged in three bank financial management transactions during the reporting period, generating interest income of CNY 6.68 million[20] - The company plans to use up to CNY 500 million of idle funds for short-term bank financial products, allowing for fund recycling within one year[20] - The company approved a plan to use up to 500 million yuan of idle funds for short-term entrusted financial management, allowing for fund recycling within one year[22] - The total amount of entrusted financial management funds reached 90 million yuan, with a total return of 768.79 million yuan[22] - The company has no overdue principal and income from entrusted financial management[22] Future Projections - The estimated cumulative net profit for the period from the beginning of the year to the next reporting period is projected to be between CNY 10,000,000 and CNY 13,000,000, representing an increase of 41.25% to 83.62% compared to the same period last year[29] - Basic earnings per share are expected to be between CNY 0.10 and CNY 0.13, reflecting a growth of 42.86% to 85.71% year-on-year[29] - The company anticipates significant growth in net profit due to favorable sales conditions for developed projects, with an increase in housing projects meeting revenue recognition criteria[29] Corporate Governance - The company reported no non-recurring gains or losses affecting the financial results for the period[9] - The company has not engaged in any securities or derivative investments during the reporting period[30][31] - There were no violations regarding external guarantees during the reporting period[33][34] - The company did not experience any non-operating fund occupation by controlling shareholders or related parties during the reporting period[35] - The company is focused on maintaining steady and healthy development to protect the interests of its shareholders[28] - The company has been actively communicating with investors regarding its overall business performance and acquisition progress[32] - The company is expected to disclose its annual report and overall business performance in a timely manner[32]

Financial Performance - The company's operating revenue for 2015 was CNY 1,306,307,370.41, a decrease of 17.30% compared to CNY 1,579,597,458.13 in 2014[16] - The net profit attributable to shareholders for 2015 was CNY 186,876,400.01, down 29.52% from CNY 265,162,075.31 in the previous year[16] - Basic earnings per share decreased by 36.67% to CNY 0.19 from CNY 0.30 in 2014[16] - The weighted average return on equity for 2015 was 4.32%, down from 7.49% in 2014, a decrease of 3.17 percentage points[17] - The company reported a quarterly revenue of CNY 867,546,577.23 in Q4 2015, which was the highest among the four quarters[21] - The net profit attributable to shareholders in Q4 2015 was CNY 104,754,041.52, marking a significant contribution to the annual total[21] - The company reported a total revenue of 21,942,091.19 million, with a significant increase in non-operating income of 7,581,527.12 million[24] - Real estate sales accounted for CNY 1,255,125,990.80, representing 96.08% of total revenue, with a year-on-year decline of 17.43%[49] - Operating costs for real estate sales were CNY 830,606,725.36, resulting in a gross margin of 33.82%, down from the previous year's margin[49] Cash Flow and Assets - The net cash flow from operating activities increased by 76.21% to CNY 613,720,797.13, compared to CNY 348,287,925.03 in 2014[16] - The company's cash and cash equivalents increased by 87,861.04 million CNY, or 58.42%, reaching 238,255.53 million CNY[44] - The company's total assets at the end of 2015 were CNY 6,615,762,147.04, an increase of 28.89% from CNY 5,132,947,572.44 at the end of 2014[17] - The company's total assets included cash and cash equivalents of CNY 2,425,710,868.57, which accounted for 36.67% of total assets, an increase from 29.30% in 2014[62] - The company's liabilities totaled 220,803.69 million CNY, an increase of 132,721.52 million CNY, or 150.68% from the beginning of the year[42] Investment and Development - The company plans to distribute a cash dividend of CNY 0.14 per 10 shares, totaling CNY 14,125,000.00 based on 1,008,937,178 shares[5] - The company is actively exploring new business areas such as aviation industry, co-working spaces, and park development to find new profit growth points[28] - The company’s investment in properties aims to secure stable rental income, with key properties located in the Tianjin Binhai New Area[27] - The company has established various operational standards to enhance economic efficiency and operational effectiveness[30] - The company is focused on capital operation strategies to integrate regional quality resources, enhancing its sustainable development capabilities[32] Market and Industry Trends - The real estate industry saw a historical high in sales, with total sales reaching 8.7 trillion, a year-on-year increase of 14.4%[29] - The company anticipates that the real estate market will gradually segment, leading to increased competition and consolidation among developers[88] - The company recognizes the importance of residential industrialization as a trend to improve construction quality and reduce investment cycles[91] - The company faces policy risks due to the significant impact of macroeconomic regulations on land acquisition and project development[95] - The real estate industry faces risks from market fluctuations and regulatory changes, necessitating a focus on optimizing the real estate segment and improving product quality[97] Shareholder and Governance - The company distributed a cash dividend of RMB 0.31 per share for the 2014 fiscal year, totaling RMB 31,277,052.52, which represented 11.80% of the net profit attributable to shareholders[106] - For the 2015 fiscal year, the proposed cash dividend is RMB 0.14 per share, amounting to RMB 14,125,120.49, which is 7.56% of the net profit attributable to shareholders[109] - The company’s total share capital as of the end of 2015 was 1,008,937,178 shares[108] - The largest shareholder, Tianjin Tianbao Holdings Co., Ltd., holds 51.45% of the company's shares, totaling 519,087,178 shares[191] - The company has a total of 49,799 shareholders as of the end of the reporting period[190] Financial Management and Risks - The company is focused on asset de-risking and maximizing operational efficiency to navigate the competitive real estate market[97] - The company aims to maximize shareholder value by integrating investment and operational capabilities for rapid growth[94] - The company is committed to enhancing its marketing strategies and establishing a high-efficiency marketing management system to boost sales performance[101] - The company plans to utilize its financing platform to secure funding and improve capital management to support its growth initiatives[99] - The company has not reported any issues regarding the use and disclosure of raised funds[77] Related Party Transactions - The company engaged in related party transactions, with Tianjin Tianbao Thermal Power providing heating services at a government-set price of 6.25 RMB per square meter per month, totaling 415.87 million RMB[122] - The total amount of related party transactions for the reporting period was 832.98 million RMB, with a significant portion attributed to heating services provided by Tianjin Tianbao Thermal Power Co., Ltd. amounting to 415.87 million RMB[124] Corporate Governance and Compliance - The company has retained the same accounting firm, Xinyong Zhonghe, for six consecutive years, with an audit fee of 480,000 RMB for the 2015 fiscal year[116] - There were no major lawsuits or arbitration matters during the reporting period[119] - The company did not implement any stock incentive plans or employee stock ownership plans during the reporting period[121] - The company has not made any adjustments to its cash dividend policy during the reporting period[107]

天津天保基建股份有限公司 TianJin Tianbao Infrastructure Co.,Ltd. （000965） 二○一五年 第三季度报告正文 （截止 2015 年 9 月 30 日） 二〇一五年十月 天津天保基建股份有限公司 2015 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：2015-60 天津天保基建股份有限公司 2015 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 孙亚宁董事长、周广林董事、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。 公司董事长孙亚宁；董事、总经理周广林；财务总监及会计机构负责人梁 德强声明：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 2015 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 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 √ ...

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 359,025,864.54, a decrease of 55.85% compared to CNY 813,215,163.55 in the same period last year[17]. - Net profit attributable to shareholders was CNY 70,798,454.85, down 52.10% from CNY 147,811,080.87 year-on-year[17]. - Basic earnings per share decreased by 63.16% to CNY 0.07 from CNY 0.19 in the same period last year[17]. - Operating profit was 95.88 million yuan, down 49.34% year-on-year, reflecting the impact of reduced revenue recognition[26]. - Net profit attributable to shareholders was 70.80 million yuan, a decline of 52.10% compared to the previous year, driven by decreased operating profit[26]. - Revenue from real estate development decreased by 57.49% year-on-year to approximately 333.47 million RMB, while the gross margin improved by 14.16% to 42.52%[35]. - The company reported a significant increase in net assets acquired during mergers, with the difference between the fair value of identifiable net assets and the acquisition cost recognized as goodwill[148]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to CNY 146,260,605.60, compared to a negative cash flow of CNY -38,910,318.59 in the previous year, representing a 475.89% improvement[17]. - Cash flow from operating activities showed a significant increase of 475.89%, reaching 146.26 million yuan, mainly due to reduced operating expenditures[28]. - The total cash inflow from financing activities amounted to 1,393,969,933.37 CNY, primarily from investment absorption[124]. - The net increase in cash and cash equivalents for the period was 1,340,736,255.61 CNY, reflecting strong liquidity management[124]. - The ending balance of cash and cash equivalents was 1,429,603,923.66 CNY, up from 88,867,668.05 CNY at the beginning of the period[124]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,359,442,559.03, an increase of 4.41% from CNY 5,132,947,572.44 at the end of the previous year[17]. - The company’s total liabilities rose by 21.23% to 1.07 billion yuan, with a debt-to-asset ratio of 19.92%[26]. - Total liabilities decreased to ¥1,067,795,235.80 from ¥880,821,651.54, which is an increase of approximately 21.3%[114]. - The company's equity attributable to shareholders rose to ¥4,291,647,323.23 from ¥4,252,125,920.90, reflecting a slight increase of about 0.9%[115]. Investment and Capital Management - The company completed the issuance of corporate bonds totaling 800 million yuan, securing funds for ongoing development[26]. - The company plans to enhance its operational capabilities and optimize existing business segments to improve efficiency[26]. - The company has not made any external investments during the reporting period, maintaining a focus on its core business[40]. - The company has not engaged in any securities investments or derivative investments during the reporting period[48]. - The company has not reported any significant asset acquisitions or disposals during the reporting period[71][72]. Shareholder Information - The total number of shares after the recent change is 1,008,937,178, with 100% being unrestricted shares[94]. - The largest shareholder, Tianjin Tianbao Holdings, holds 51.45% of the total shares, amounting to 519,087,178 shares[97]. - The total number of common shareholders at the end of the reporting period is 50,932[97]. - The company has not conducted any repurchase transactions among its top 10 shareholders during the reporting period[101]. Corporate Governance and Compliance - The company has established a Budget Management Committee to enhance decision-making capabilities within the board[33]. - The company is actively expanding its communication channels with investors to enhance transparency and engagement[38]. - The company did not report any major litigation or arbitration matters during the period[67]. - The company has not faced any penalties or rectification issues during the reporting period[90]. Market Outlook and Strategy - The real estate market is expected to stabilize in the second half of the year, supported by government policies aimed at boosting housing demand[24]. - The company aims to accelerate inventory reduction and maintain a reasonable inventory structure amidst ongoing market adjustments[25]. - The company plans to leverage the Tianjin Free Trade Zone's policies to drive growth in the real estate market, with land reserves exceeding 1 million square meters[43]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, reflecting the company's financial position and operational results accurately[140]. - The company adheres to the accounting policies and estimates as per the requirements of the enterprise accounting standards, ensuring the accuracy of financial reporting[142]. - The company has not reported any changes in accounting policies or prior period error corrections[127].