银亿股份有限公司 2017 年年度报告全文 证券代码：000981 证券简称：银亿股份 公告编号：2018-040 银亿股份有限公司 2017 年年度报告 二○一八年四月四日 1 | 第一节 | 重要提示、目录和释义 | 3 | | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | 8 | | 第三节 | 公司业务概要 | 12 | | 第四节 | 经营情况讨论与分析 | 16 | | 第五节 | 重要事项 | 41 | | 第六节 | 股份变动及股东情况 | 70 | | 第七节 | 优先股相关情况 | 76 | | 第八节 | 董事、监事、高级管理人员和员工情况 | 77 | | 第九节 | 公司治理 | 83 | | 第十节 | 公司债券相关情况 | 89 | | 第十一节 | 财务报告 | 97 | | 第十二节 | 备查文件目录 | 232 | 银亿股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公 ...

银亿房地产股份有限公司 2017 年第三季度报告全文 证券代码：000981 证券简称：银亿股份 公告编号：2017-148 银亿房地产股份有限公司 2017 年第三季度报告 二○一七年十月三十一日 1 银亿房地产股份有限公司 2017 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人熊续强、主管会计工作负责人李春儿及会计机构负责人(会计主 管人员)李春儿声明：保证季度报告中财务报表的真实、准确、完整。 2 银亿房地产股份有限公司 2017 年第三季度报告全文 第二节 公司基本情况 由于本公司在 2011 年 5 月完成了重大资产重组事项，本次交易行为构成反向购买。根据财政部《关于非上市公司购买上市 公司股权实现间接上市会计处理的复函》（财会便[2009]17 号）和《企业会计准则第 20 号——企业合并》及相关讲解的规 定，报告期末本公司合并报表实收资本金额为 95,562.3185 万元，本公司实际发行在外的 ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2017, representing a year-on-year increase of 15%[11]. - The net profit attributable to shareholders was 200 million RMB, up 10% compared to the same period last year[11]. - Future guidance suggests a projected revenue growth of 12% for the next half of the year[11]. - The company's operating revenue for the reporting period was ¥3,746,565,242.97, representing a 6.69% increase compared to ¥3,511,524,502.23 in the same period last year[20]. - Net profit attributable to shareholders was ¥333,285,908.05, up 27.32% from ¥261,769,550.86 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥311,167,990.22, an increase of 83.30% compared to ¥169,760,474.78 in the previous year[20]. - Basic earnings per share rose to ¥0.1090, a 27.34% increase from ¥0.0856 in the previous year[20]. - The total comprehensive income for the first half of 2017 was CNY 377,771,898, compared to CNY 241,686,855 in the previous year, representing an increase of approximately 56.3%[152]. - The company reported a total revenue of 280 million RMB for the first half of 2017, reflecting a year-on-year increase of 15%[72]. Investment and Development - The company has allocated 150 million RMB for research and development of new real estate technologies[11]. - The company is exploring potential mergers and acquisitions to enhance its portfolio and market share[11]. - New product offerings are expected to launch in Q4 2017, targeting the luxury housing segment[11]. - The company has 13 construction projects under development, with a total development area of 1.3902 million square meters, including 583,000 square meters under construction and 404,800 square meters completed[28]. - The company acquired ARC Group, the world's second-largest independent gas generator manufacturer, which has six production bases across four countries and a sales network covering Asia-Pacific, North America, and Europe[27]. - The company completed a major asset restructuring by acquiring 100% equity of Ningbo Haosheng Investment Co., Ltd. from its controlling shareholder, with the transaction approved on January 17, 2017[96]. Market Expansion - The company plans to expand its market presence by entering three new cities in the next fiscal year[11]. - The company has established a national layout with strong sustainable development capabilities, expanding from Ningbo to major cities like Shanghai and Nanjing[35]. - The company operates in two main sectors: real estate and high-end manufacturing, with a development area of approximately 12 million square meters, serving over 50,000 homeowners[26]. - The company has a strong brand presence in the Ningbo region, recognized for developing landmark buildings and significant commercial residential projects[34]. Financial Stability and Risks - The company identified potential risks including market fluctuations and regulatory changes, with strategies in place to mitigate these risks[6]. - The net cash flow from operating activities decreased significantly by 85.14%, amounting to ¥167,054,168.70, down from ¥1,124,337,380.03[20]. - The company has not experienced any penalties or rectification situations during the reporting period, indicating compliance with regulations[76]. - The company has not undergone any bankruptcy restructuring during the reporting period, reflecting financial stability[75]. - The company has no overdue debts or repayment issues[130]. Corporate Governance and Compliance - The company guarantees that its financial department and accounting system are independent, ensuring no shared bank accounts with the parent company[65]. - The independent operation of the company is assured, with no competition with the parent company in the market[65]. - The company has committed to maintaining asset independence and avoiding any illegal occupation of funds or assets from the listed company[72]. - The company has pledged to maintain a maximum of 50% related directors on its board following significant asset restructuring[65]. - The company has emphasized the importance of accurate information disclosure and has committed to legal responsibilities in case of violations[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 24,769[108]. - The largest shareholder, Ningbo Yinyi Holdings Co., Ltd., holds 31.19% of the shares, totaling 954,072,354 shares[108]. - The company completed the purchase of 28,942,533 shares under the employee stock ownership plan, accounting for 1.1231% of the total share capital, with an average transaction price of 9.67 RMB per share[78]. - The company reported a total guarantee amount of 839,210,000 yuan, with an actual guarantee balance of 713,305,000 yuan at the end of the reporting period, representing 81.56% of the company's net assets[90]. Cash Flow and Liquidity - The net cash flow from operating activities generated a net amount of CNY 167,054,169, a significant decrease from CNY 1,124,337,380 in the same period last year[158]. - The total cash and cash equivalents at the end of the period is ¥3,366,290,418.60, up from ¥2,568,521,468.05 at the end of the previous period[162]. - The company received cash from borrowings amounting to ¥4,546,715,033.27, an increase of 78.6% compared to ¥2,545,400,000.00 in the previous period[161]. Debt and Financing - The company has issued bonds totaling ¥30,000 million with an interest rate of 7.28% maturing in December 2020[119]. - The company's credit rating from Zhong Chengxin Securities is AA, indicating a low risk of default on bond payments[123]. - The company maintains a stable outlook for its credit rating, reflecting high bond security[124]. - The company has not implemented any credit enhancement measures for its bonds during the reporting period[125]. Accounting and Reporting - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, and cash flows[189]. - The accounting period for the consolidated financial statements is from January 1, 2017, to June 30, 2017[190]. - The semi-annual financial report has not been audited[139].

Financial Performance - The company's operating revenue for Q1 2017 was ¥984,296,599.04, a decrease of 27.91% compared to ¥1,365,325,121.03 in the same period last year[8] - Net profit attributable to shareholders was ¥51,553,106.58, representing a 4.31% increase from ¥49,423,044.93 year-on-year[8] - The net cash flow from operating activities was negative at ¥348,880,608.59, a decline of 167.61% compared to ¥516,047,574.98 in the previous year[8] - Total assets at the end of the reporting period reached ¥29,995,862,271.36, an increase of 19.09% from ¥25,187,795,377.25 at the end of the previous year[8] - The net assets attributable to shareholders increased by 51.44% to ¥8,591,743,941.90 from ¥5,673,486,814.38 at the end of the previous year[8] - Basic earnings per share for the period was ¥0.0169, up 4.32% from ¥0.0162 in the same period last year[8] - The weighted average return on equity decreased to 0.77% from 0.95% year-on-year, a drop of 0.18%[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,155[13] - The largest shareholder, Ningbo Yinyi Holdings Co., Ltd., held 31.19% of the shares, totaling 954,072,354 shares[13] Asset and Liability Changes - Accounts receivable increased by 221.69% to 66,362.85 million due to the consolidation of ARC Group[19] - Prepayments rose by 84.37% to 108,853.00 million primarily due to increased project prepayments[19] - Revenue decreased by 27.91% to 98,429.66 million, attributed to fewer property deliveries compared to the previous year[19] - Operating costs fell by 30.33% to 73,476.32 million, reflecting the decrease in revenue[19] - Cash outflow from operating activities increased by 72.12% to 262,547.15 million, mainly due to land bidding deposits and repayment of minority shareholder loans[21] - Cash inflow from financing activities surged by 291.10% to 543,005.03 million, driven by increased borrowings from financial institutions[21] - Long-term borrowings rose by 84.20% to 690,370.00 million due to new borrowings during the period[19] - The company reported a 507.85% increase in non-operating income to 3,419.33 million, mainly from increased government subsidies[19] Major Asset Restructuring - The company is undergoing a major asset restructuring, with the acquisition of 100% equity in Ningbo Dongfang Yisheng Investment Co., Ltd. from its controlling shareholder[23] - The company’s stock has been suspended since February 7, 2017, due to the ongoing major asset restructuring process[23] Management Independence Commitments - The company has committed to ensuring the independence of its management and financial operations, including the establishment of an independent financial department and accounting system[26] - The company guarantees that its assets are independent and complete, ensuring no shared bank accounts with the parent company[26] - The company is currently adhering strictly to its commitments regarding the independence of its organizational structure and business operations[26] - The actual controller has committed to limiting the proportion of related directors on the board to no more than 50% post-major asset restructuring[26] - The company has established a commitment to independent tax payments and financial decision-making without interference from the parent company[26] - The company has a commitment to disclose the performance of the acquired assets separately in its annual reports during the profit compensation period[26] - The company is actively working on maintaining a complete and independent organizational structure, separate from the parent company[26] - The company has committed to ensuring that its financial personnel do not hold concurrent positions in the parent company[26] Profit Compensation Agreement - The profit compensation period for the acquisition agreement is set for 2017, 2018, and 2019, with specific net profit targets of RMB 16,768.30 million, RMB 26,170.33 million, and RMB 32,579.70 million respectively[26] - The net profit of the target assets must meet the promised net profit, or compensation shares will be issued to the company[27] - Compensation shares are calculated based on the difference between promised and actual cumulative net profits during the compensation period[27] - If the actual net profit is lower than the promised amount, the compensation shares will be adjusted accordingly[27] - The company guarantees that all information provided for the restructuring is true, accurate, and complete[27] - In case of any legal investigations regarding false disclosures, the company will suspend the transfer of its shares[27] - The company commits to lock the shares for compensation arrangements if any violations are found[27] - The compensation shares will be first attempted to be repurchased and canceled[27] - If cash dividends are distributed during the compensation period, the corresponding amount must be returned[27] - The company will ensure that all documents related to the restructuring are signed by individuals with full civil capacity[27] - The company will take legal responsibility for any violations of the commitments made regarding the restructuring[27] Compliance and Governance - The company has committed to ensuring that all information provided during the restructuring process is true, accurate, and complete, with no false records or misleading statements[28] - The company guarantees that all documents related to the restructuring are consistent with the originals and that all signatures and seals are authentic[28] - The company has pledged to avoid any direct or indirect competition with the main business activities of Yin Yi Co. and its subsidiaries after the completion of the restructuring[28] - The company will not engage in any similar business activities as Yin Yi Co. and its subsidiaries through investments, acquisitions, or other means[28] - The company has stated that all signatories of the restructuring documents possess full civil capacity and have received proper authorization for their actions[28] - The company has committed to fulfilling all promises related to the restructuring process[28] - The company will suspend the transfer of shares if any investigation is initiated regarding the information provided during the restructuring[28] - The company will bear full liability for any losses incurred by others due to violations of the commitments made during the restructuring[28] Regulatory Compliance - The company continues to strictly adhere to the requirements of the Company Law of the People's Republic of China and relevant regulations, ensuring shareholder rights and obligations are fulfilled[29] - The company commits to minimizing and avoiding related party transactions with Yinyi Co., ensuring fair operations at market prices when unavoidable transactions occur[29] - The company guarantees to eliminate any illegal occupation of the listed company's funds and assets, and will not request any form of guarantee from Yinyi Co.[29] - The company maintains a commitment to independence in personnel, assets, finance, and operations, ensuring no illegal occupation of funds or assets[30] - The company has established a complete independent labor, personnel, and compensation management system, fully independent from the controlling party[30] - The company continues to have an independent financial department and accounting system, with the ability to make independent financial decisions[30] - The company holds 100% equity in Ningbo Haosheng, with all investment funds legally obtained and no issues of false or withdrawn capital[30] - The assets held by the company are clear and free from any form of mortgage, pledge, or other restrictive rights[30] - The company has completed the transfer of shares as per the asset purchase agreement without legal obstacles[30] - The company ensures that its financial personnel do not work part-time or receive compensation from enterprises controlled by the controlling party[30] - The company has a sound corporate governance structure, maintaining independence in its shareholder meetings and board of directors[30] - The company is committed to not interfering in the business activities of its subsidiaries beyond exercising shareholder rights[30] - The company guarantees that its assets are not subject to any judicial or administrative freezing or enforcement measures[30] Operational Commitments - The company committed to maintaining normal operations and not engaging in unrelated asset disposals or significant debt increases prior to the completion of the asset transfer to Yin Yi Co., ensuring orderly management[31] - The company guarantees that if Ningbo Haosheng incurs losses during the transition period, it will compensate Yin Yi Co. in cash, ensuring no losses occur during this period[31] - The company has analyzed the impact of the non-public issuance of shares on immediate returns and proposed specific measures to compensate for any dilution of returns[31] - All directors and senior management have committed to ensuring the effectiveness of the compensation measures and will not engage in actions that harm the interests of the listed company[31] - The company will extend the lock-up period for shares if the stock price falls below the issuance price for a specified duration, ensuring shareholder confidence[31] - The company has pledged to align its compensation policies with the execution of the compensation measures to ensure accountability among management[31] - The company will not transfer its shares to any other party for 36 months following the issuance, reinforcing its commitment to the transaction[31] - The company will adhere to the latest regulatory opinions from the China Securities Regulatory Commission regarding the lock-up period[31] - The company has committed to not using company assets for unrelated investments or consumption activities, ensuring responsible management of resources[31] - The company will ensure that any new regulatory requirements regarding compensation measures are met promptly[31] - The company has committed to not infringe on the interests of the listed company and will fulfill its obligations as per the latest regulations from the China Securities Regulatory Commission[32] Investment Activities - The company anticipates potential losses or significant changes in net profit compared to the same period last year for the first half of 2017[34] - There are no securities investments reported during the reporting period[35] - The company has not engaged in any derivative investments during the reporting period[35] - There were no non-operating fund occupations by the controlling shareholder or its affiliates during the reporting period[38] - The company has made commitments to ensure the independence of its assets, personnel, and finances post-restructuring[33] - The company has conducted a communication session regarding its suspension of trading on February 7, 2017[36] - The controlling shareholder has promised to avoid any actions that could lead to competition with the listed company[32] - The company has not reported any violations regarding external guarantees during the reporting period[37]

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.21 yuan per 10 shares to all shareholders, based on a total of 3,058,430,395 shares[4]. - The board of directors has approved the profit distribution plan, which includes no bonus shares and no capital reserve conversion into share capital[4]. - The proposed cash dividend for 2016 is RMB 0.21 per 10 shares, totaling RMB 64,227,038.30, which represents 12.50% of the net profit attributable to shareholders[100]. - The total distributable profit for the year is RMB 597,223,007.91, after accounting for the legal surplus reserve of RMB 48,215,908.25[103]. - The remaining undistributed profit of RMB 532,995,969.61 will be carried forward to future distributions[103]. - The company has committed to a shareholder return plan for 2015-2017, emphasizing stable returns to investors[101]. - The company has maintained compliance with regulations regarding cash dividend policies and shareholder rights[99]. - The company did not distribute any cash dividends or bonus shares in 2015, and no capital reserve was converted to share capital[98]. Financial Performance - The company's operating revenue for 2016 was ¥8,057,418,839.22, a decrease of 4.75% compared to 2015[18]. - The net profit attributable to shareholders was ¥513,884,349.31, down 2.51% from the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥77,457,688.91, a significant decline of 62.36% year-on-year[18]. - The net cash flow from operating activities was ¥396,385,192.95, representing a drastic decrease of 84.93% compared to 2015[18]. - The total assets at the end of 2016 amounted to ¥25,187,795,377.25, an increase of 1.91% from the previous year[19]. - The net assets attributable to shareholders increased by 9.96% to ¥5,673,486,814.38[19]. - The total operating revenue for 2016 was ¥8,057,418,839.22, a decrease of 4.75% compared to ¥8,459,460,367.77 in 2015[45]. - Real estate sales accounted for ¥6,963,229,286.07, representing 86.42% of total revenue, down 12.69% from ¥7,975,347,690.29 in 2015[45]. - The gross profit margin for real estate sales was 31.50%, a decrease of 9.17% compared to the previous year[48]. Business Operations and Strategy - The company reported a significant change in its main business from telecommunications equipment manufacturing to real estate development and operation since May 2011[17]. - The company aims to enhance sales, reduce inventory, and increase cash flow as part of its operational strategy for 2016[29]. - The company has established a strong presence in the real estate market with various projects across different cities in China[10][11]. - The company has expanded its development areas from Ningbo to major cities in the Yangtze River Delta and Bohai Rim regions[27]. - The company is focusing on a dual-driven business model of real estate and high-end manufacturing, which is expected to create new profit growth points and enhance overall competitiveness[34]. - The company has implemented a standardized project management system and adopted ERP management to enhance operational efficiency across various stages of project development[32]. - The company is committed to improving its governance structure and information disclosure standards to maintain steady growth in market value and foster a positive investor relationship[94]. Acquisitions and Investments - The company successfully completed the acquisition of ARC Group, the world's second-largest independent gas generator manufacturer, marking a significant milestone in its strategic transition to high-end manufacturing[30]. - The company acquired 50.56% of Shanghai Yingbi Investment for a capital contribution of CNY 5,056,000 on May 16, 2016[55]. - The company also acquired 100% of Yinyi Security for CNY 11,000,000 on August 17, 2016, with a net profit of CNY 1,569,382.54 for the period[55]. - The total cash outflow for acquisitions during the reporting period amounted to CNY 11,000,000[57]. - The company’s strategic focus includes expanding its portfolio through acquisitions and partnerships, as evidenced by the multiple acquisitions made in 2016[120]. Risk Management and Compliance - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors, highlighting potential investment risks[4]. - The annual report includes a detailed description of risk factors that may impact the company's future development[4]. - The company has taken measures to mitigate risks associated with equity sales and market fluctuations[83]. - The company has committed to ensuring that all information provided during the restructuring process is true, accurate, and complete, with no false records or misleading statements[107]. - The company has pledged to avoid any illegal occupation of funds or assets from the listed company[110]. - The company has committed to maintaining the independence of its assets, personnel, finance, and operations post-transaction[114]. Governance and Management - The company has a diverse board with members holding various professional backgrounds, including economics and architecture[166][168]. - The company’s chairman, Xiong Xuqiang, has held multiple leadership roles in local business associations[160]. - The company’s management team includes professionals with diverse backgrounds in law, finance, and engineering, contributing to its strategic decision-making[172]. - The total remuneration for directors, supervisors, and senior management in 2016 amounted to CNY 12.661 million (approximately USD 1.9 million) before tax[176]. - The company has established a three-level performance management system to align employee compensation with company performance[183]. - The company has implemented a comprehensive performance evaluation system to attract and retain top management talent, linking annual salaries to the completion of operational targets[190]. - The company maintains a strong independence from its controlling shareholder in terms of operations and finances[188]. Shareholder Structure and Equity - The company has a total share capital of 3,058,430,395 shares as of the reporting period[101]. - Ningbo Yinyi Holdings Co., Ltd. holds 37.02% of the shares, totaling 954,072,354 shares, while Mr. Xiong Jikai holds 29.10%, totaling 750,000,000 shares[153]. - The shareholding structure indicates that 855,717,482 shares held by Ningbo Yinyi Holdings are pledged[157]. - The company has not engaged in any repurchase transactions during the reporting period[158]. - The company confirmed that there were no significant accounting errors requiring retrospective restatement during the reporting period[117]. Employee and Social Responsibility - The company has a total of 5,170 employees, with 4,523 in property management[181]. - The company has published its social responsibility report, which includes environmental management certification and social contributions[145]. - The company is actively exploring long-term incentive mechanisms, including employee stock ownership plans[184]. - The company respects and maintains the interests of all stakeholders, including creditors and consumers, ensuring a stable and harmonious operational environment[190].

Financial Performance - Total assets at the end of the reporting period reached ¥26,014,779,693.21, an increase of 5.25% compared to the end of the previous year[8]. - Net assets attributable to shareholders of the listed company amounted to ¥5,688,150,001.07, reflecting a growth of 10.25% year-on-year[8]. - Operating revenue for the reporting period was ¥1,653,332,022.04, down 9.41% compared to the same period last year[8]. - Net profit attributable to shareholders of the listed company was ¥266,946,641.67, a significant increase of 228.49% year-on-year[8]. - Basic earnings per share for the reporting period was ¥0.10, representing a 233.33% increase compared to the same period last year[8]. - The weighted average return on net assets was 4.76%, up from 3.12% in the previous year[8]. - The net cash flow from operating activities for the year-to-date was ¥1,793,435,697.68, an increase of 37.38% compared to the same period last year[8]. - The company reported non-recurring gains and losses totaling ¥329,919,132.91 for the reporting period[11]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,615[14]. - The largest shareholder, Ningbo Yinyi Holdings Co., Ltd., held 56.81% of the shares, amounting to 1,464,072,354 shares[14]. Cash Flow and Financing - The company's cash and cash equivalents increased by 97.92% to ¥450,487.90 million due to higher sales collections and new bond issuance[18]. - Operating revenue rose by 30.87% to ¥516,485.65 million, attributed to the recognition of revenue from completed properties[18]. - Short-term borrowings increased by 148.00% to ¥155,000.00 million, primarily due to new borrowings[18]. - The company reported a net cash flow from operating activities of ¥179,343.57 million, a 37.38% increase compared to the previous year[19]. - The company issued bonds totaling ¥7 billion and ¥4 billion in 2016, enhancing its capital structure[22][23]. - The company recognized an investment income of ¥32,904.82 million, a 22.12% increase year-over-year[18]. Corporate Governance and Commitments - The controlling shareholder Ningbo Yinyi Holdings and actual controller Mr. Xiong Xuqiang committed to ensuring the independence of the listed company's personnel, including senior management not holding other positions in the company or its subsidiaries[26]. - The commitment includes maintaining the independence and integrity of the listed company's assets, ensuring no funds or assets are occupied by the parent company[26]. - The listed company is guaranteed to have an independent financial department and accounting system, with independent bank accounts not shared with the parent company[26]. - Ningbo Yinyi Holdings and Mr. Xiong Xuqiang promised that the proportion of related directors in the board will not exceed 50% after major asset restructuring[27]. - The group committed to bearing any tax benefits that need to be returned if foreign-invested enterprises are converted to domestic enterprises after restructuring[27]. - The group also promised to bear losses from idle land issues recognized after asset injection into the listed company[27]. - The company will strictly adhere to laws and regulations to avoid any illegal occupation of the listed company's funds and assets[28]. - The commitments aim to ensure the independence of the listed company's assets, personnel, finance, organization, and business[28]. - The commitments are designed to prevent potential related party transactions that could harm the interests of minority shareholders[28]. - The company confirmed that all commitments are being strictly fulfilled as of the reporting period[28]. Other Financial Activities - The company does not anticipate significant changes in cumulative net profit for the year compared to the previous year[29]. - There were no securities investments reported during the period, with a total cost of 10,000,000 yuan and a loss of 1,959 yuan[29]. - The company did not engage in any derivative investments during the reporting period[30]. - There were no research, communication, or interview activities conducted during the reporting period[31]. - The company reported no instances of non-compliant external guarantees during the reporting period[32]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[33].

Financial Performance - The company's operating revenue for the first half of 2016 was ¥3,511,524,502.23, representing a 65.53% increase compared to ¥2,121,365,213.76 in the same period last year[24]. - The net profit attributable to shareholders decreased by 3.56% to ¥261,769,550.86 from ¥271,431,710.87 year-on-year[24]. - The net cash flow from operating activities surged by 566.44% to ¥1,124,337,380.03, compared to ¥168,707,965.21 in the previous year[24]. - Total assets at the end of the reporting period were ¥24,837,903,392.92, a slight increase of 0.49% from ¥24,715,980,029.62 at the end of the previous year[24]. - The net assets attributable to shareholders rose by 5.07% to ¥5,421,207,083.15 from ¥5,159,520,450.05 at the end of the previous year[24]. - The company reported a decrease of 25.43% in net profit after deducting non-recurring gains and losses, amounting to ¥169,760,474.78 compared to ¥227,657,409.06 in the previous year[24]. - The weighted average return on net assets decreased to 4.99% from 5.57% year-on-year[24]. - The company achieved a total operating revenue of 3.51 billion yuan in the first half of 2016, representing a year-on-year increase of 65.53%[34]. - Operating profit for the same period was 440 million yuan, up 73.45% compared to the previous year[34]. - The company reported a significant increase in cash flow from operating activities, amounting to 1.12 billion yuan, a 566.44% increase year-on-year[35]. Real Estate Development - The company is focused on expanding its real estate development projects through its subsidiaries[12]. - The company is actively involved in various real estate projects, which may contribute to future revenue growth[12]. - The real estate market showed significant growth, with national commodity housing sales area increasing by 27.9% to 64,302 million square meters in the first half of 2016[30]. - The sales revenue of commodity housing reached ¥48,682 billion, marking a 42.1% year-on-year increase, with residential sales revenue growing by 44.4%[30]. - The company has completed a national layout, expanding its operations to over ten first and second-tier cities, including Shanghai, Nanjing, and Dalian[41]. - The company has developed approximately 12 million square meters of real estate over 22 years, serving over 50,000 homeowners[40]. - The company’s projects include a diverse product line, such as high-end apartments and large urban complexes, contributing to its competitive edge in the market[40]. Governance and Compliance - The financial report is confirmed to be true, accurate, and complete by the responsible personnel[7]. - The report outlines the company's commitment to maintaining transparency and accountability in its financial disclosures[5]. - The board of directors has ensured that all members attended the meeting to review the report, indicating strong governance[6]. - The company has assured that it will not engage in any competitive business activities that may conflict with its subsidiaries, ensuring market independence[86]. - The company is committed to maintaining the independence of its management and assets as per the commitments made by its controlling shareholder[85]. - The company has not faced any penalties or rectification issues during the reporting period, indicating a stable compliance status[89]. - The company has established commitments to avoid any illegal occupation of funds or assets from its subsidiaries, ensuring financial integrity[87]. Financial Position and Liabilities - The company's liabilities increased by 436.23% to approximately 1.58 billion yuan, attributed to new bond issuances[35]. - The total assets of the company increased by 46.86% to approximately 3.34 billion yuan due to increased sales collections and new bond issuances[35]. - The company's asset-liability ratio decreased by 0.96% to 77.10% compared to the end of the previous year[105]. - Total liabilities amounted to CNY 19.15 billion, slightly down from CNY 19.29 billion, indicating a decrease of about 0.7%[134]. - The company has a total bank credit limit of CNY 16.593 billion, with CNY 10.183 billion already utilized[109]. - The company maintains a loan repayment rate and interest payment rate of 100%[105]. Cash Flow and Investments - The total cash inflow from investment activities was 2,358,104,142.10 yuan, compared to 387,947,152.78 yuan in the previous period, indicating a substantial increase[149]. - The net cash flow from investment activities was -1,309,164,856.90 yuan, worsening from -948,133,203.50 yuan in the previous period[149]. - The cash inflow from financing activities totaled 2,182,699,000.00 yuan, a significant increase from 320,000,000.00 yuan in the previous period[149]. - The company issued bonds and received cash amounting to 1,286,599,000.00 yuan during the period[149]. - The company received 1,619,000,000.00 yuan from other investment-related cash, a notable increase from 308,200,000.00 yuan in the previous period[149]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,782[118]. - Ningbo Yinyi Holdings Co., Ltd. holds 56.81% of the shares, amounting to 1,464,072,354 common shares, all of which are pledged[118]. - The second-largest shareholder, Xiong Jikai, holds 9.31% with 240,000,000 common shares, also pledged[118]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[120]. - There were no share buyback plans proposed or implemented by shareholders during the reporting period[121]. Accounting and Reporting Practices - The financial statements were prepared based on the going concern assumption, covering the period from January 1, 2016, to June 30, 2016[178]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position and operating results[177]. - The company employs a consolidation method for financial reporting, including all controlled subsidiaries in the consolidated financial statements[182]. - The company recognizes gains or losses from fair value changes of financial assets in profit or loss, enhancing transparency in financial performance[189]. - The company assesses impairment of available-for-sale equity instruments when their fair value declines significantly or permanently, specifically if the fair value is below cost by more than 50% or below cost for over 12 months[193].

银亿房地产股份有限公司 2016 年第一季度报告正文 证券代码：000981 证券简称：银亿股份 公告编号：2016-058 银亿房地产股份有限公司 2016 年第一季度报告正文 2016 年 4 月 30 日 一、主要会计数据和财务指标 1 银亿房地产股份有限公司 2016 年第一季度报告正文 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人熊续强、主管会计工作负责人朱莹 及会计机构负责人(会计主 管人员)李春儿声明：保证季度报告中财务报表的真实、准确、完整。 2 银亿房地产股份有限公司 2016 年第一季度报告正文 第二节 主要财务数据及股东变化 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减 | | --- | --- | --- | --- | | 营业收入（元） | 1,365,325,121.03 | 950,606,836 ...

Corporate Governance and Accountability - The board of directors guarantees the accuracy and completeness of the annual report, assuming legal responsibility for any misrepresentation[5]. - All directors attended the board meeting to review the report, ensuring collective accountability[6]. - The company is focused on maintaining transparency and accountability in its financial reporting practices[5]. - The report outlines the company's commitment to accurate financial disclosures and adherence to regulatory standards[5]. - The company has not disclosed any significant undisclosed information during its communication activities, ensuring compliance with regulations[93]. - The company has committed to ensuring the independence of its management team, including the general manager and financial officer, from its parent company, with ongoing compliance since January 2009[101]. - The controlling shareholder has pledged that no more than 50% of the board members will be affiliated directors post-major asset restructuring, ensuring independent oversight[102]. - The company guarantees the independence of its financial department and accounting system, with a commitment to maintain separate bank accounts from the parent company[101]. - The company has committed to independent asset management, ensuring that its assets are not occupied by the parent company[101]. - The company has pledged to adhere to legal and regulatory requirements in exercising shareholder rights, ensuring compliance and governance[102]. - The company has confirmed that it will not engage in any non-operating fund occupation by its controlling shareholder, reinforcing its financial autonomy[104]. - The company has established a commitment to avoid any potential conflicts of interest or competition with its controlling shareholder's other businesses, promoting fair competition[102]. - The company has ensured that all major decisions will not be influenced by the controlling shareholder, maintaining operational independence[103]. - The company has maintained strict compliance with information disclosure regulations, ensuring timely and accurate communication with shareholders and investors, with no regulatory penalties reported[195]. - The company has not faced any significant discrepancies in governance compared to regulatory standards set by the China Securities Regulatory Commission[196]. Financial Performance and Revenue - The company's operating revenue for 2015 was ¥8,459,460,367.77, representing a 33.99% increase compared to ¥6,313,640,137.18 in 2014[20]. - The net profit attributable to shareholders for 2015 was ¥527,117,066.56, a decrease of 13.84% from ¥611,755,223.85 in 2014[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥205,806,094.42, down 62.18% from ¥544,182,789.02 in 2014[20]. - The total revenue for the year 2015 was approximately ¥8.46 billion, representing a year-on-year increase of 33.99% compared to ¥6.31 billion in 2014[46]. - Real estate sales accounted for 94.28% of total revenue, amounting to approximately ¥7.98 billion, which is an increase of 3.29% from ¥5.74 billion in the previous year[46]. - The company's real estate sales revenue reached ¥7,975,347,690.29, representing a year-on-year increase of 38.84%[50]. - The gross profit margin for real estate sales decreased by 9.60% compared to the previous year, now standing at 22.33%[49]. - The company reported non-recurring gains of ¥321,310,972.14 in 2015, significantly higher than ¥67,572,434.83 in 2014[24]. Risk Management and Future Outlook - The company has detailed potential risk factors that may impact future development in the report[6]. - The annual report emphasizes the importance of risk awareness for investors when considering future investments[6]. - The report includes forward-looking statements regarding future plans and strategies, which do not constitute a commitment to investors[6]. - The company plans to continue its market expansion and focus on new product development in the real estate sector[19]. - The company aims for sustainable development through diversification and international expansion, with a focus on enhancing its capital strength[34]. - The company plans to focus on expanding its real estate business and increasing land reserves while also pursuing transformation in high-end manufacturing and cross-border e-commerce[99]. Operational Efficiency and Management - The company implemented a standardized management system across various operational lines, improving efficiency and project management[33]. - The company aims to strengthen cost control and enhance economic efficiency through a comprehensive cost responsibility system and innovative cost management methods[91]. - The company will improve corporate governance and information disclosure to support steady growth in market value and foster a positive investor relations environment[91]. - The company plans to optimize its organizational structure and enhance team building to improve resource allocation efficiency and support future development[92]. - The company will deepen the role of performance assessment and link it more closely to individual compensation to stimulate motivation and creativity[92]. Shareholder Returns and Dividends - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[7]. - The company reported a net profit of RMB 527,117,066.56 for 2015, with no cash dividends distributed, resulting in a 0.00% dividend payout ratio[98]. - The company aims to enhance shareholder return transparency and has revised its profit distribution policy to align with regulatory guidelines[95]. - The company has retained undistributed profits for future development needs, aligning with long-term interests of the company and shareholders[99]. - The company’s cash dividend policy has been deemed compliant with its articles of association and shareholder meeting resolutions[97]. Subsidiaries and Investments - The company has a comprehensive structure of subsidiaries, enhancing its operational capabilities across various regions[11]. - The company operates over 60 subsidiaries and has expanded its development areas to more than ten first- and second-tier cities, including Shanghai, Nanjing, and South Korea[29]. - The company signed a share transfer agreement to acquire 50% of Shanghai Tiantai Real Estate for ¥25,000,000.00, with the acquisition date set on December 30, 2015[55]. - The identifiable net assets acquired from Shanghai Tiantai Real Estate amounted to ¥25 million, with no goodwill recognized as the acquisition cost equaled the fair value of net assets[108]. - The company established a new subsidiary, Yinbao Wulian Technology, with a registered capital of ¥18 million, acquiring 90% equity on October 9, 2015[109]. Employee and Management Structure - The total number of employees in the company is 5,002, with 4,906 in major subsidiaries[184]. - The company has a total of 7 senior management personnel, including the president and executive president[177]. - The company has established a comprehensive salary management system for its directors and supervisors, ensuring transparency and fairness in remuneration[181]. - The total remuneration for directors, supervisors, and senior management in 2015 amounted to CNY 12.799 million (approximately USD 1.9 million) before tax[181]. - The performance-based remuneration for senior management is determined based on assessment results, while fixed salaries are set according to the company's salary structure[181]. Legal and Compliance Matters - There were no significant accounting errors requiring restatement during the reporting period[106]. - The company did not experience any changes in accounting policies or estimates compared to the previous year[105]. - There were no major lawsuits or arbitration cases affecting the company during the reporting period[112]. - The company has maintained its accounting firm for six consecutive years, ensuring continuity in audit services[110]. - The company did not face any conditions that would lead to suspension or termination of its stock listing[112].

Financial Performance - Operating revenue for the reporting period was ¥1,825,060,452.11, a decrease of 18.88% year-on-year[6] - Net profit attributable to shareholders of the listed company was ¥81,264,331.41, down 0.64% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥63,717,255.41, a decrease of 24.78% year-on-year[6] - Basic earnings per share for the reporting period was ¥0.09, a decrease of 10.00% compared to the same period last year[7] - The weighted average return on net assets was 1.64%, down 0.15% from the previous year[7] - The company anticipates a significant change in net profit compared to the same period last year, but specific figures are not provided[23] Assets and Liabilities - Total assets at the end of the reporting period reached ¥26,977,782,773.63, an increase of 1.79% compared to the end of the previous year[6] - Net assets attributable to shareholders of the listed company increased by 5.23% to ¥4,985,149,850.91[6] - The company’s total liabilities decreased significantly, with long-term payables dropping by 87.36% to 1,369.81 million due to repayments of project cooperation funds[16] - The company’s long-term equity investments decreased by 80.95% to 9,393.20 million, primarily due to the recovery of investments[16] - The company’s total assets increased significantly, with available-for-sale financial assets rising by 608.85% to 36,667.83 million due to investments in various funds[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,323[11] - The largest shareholder, Ningbo Yinyi Holdings Co., Ltd., held 66.13% of the shares, amounting to 568,024,118 shares[11] Cash Flow and Investments - Operating cash flow increased by 27.10% to 552,087.20 million, attributed to higher sales collections compared to the previous year[17] - Investment income surged by 2,205.10% to 26,945.45 million, mainly from the recovery of investments and dividend payments[17] - The company’s cash flow from investing activities increased by 736.84% to 287,197.85 million, driven by the recovery of investment funds[17] - The company reported a total investment of 10,000,000 yuan in securities, with no shares held at the beginning or end of the reporting period[24] - There were no gains or losses reported from the securities investment during the reporting period, maintaining a book value of 10,000,000 yuan[24] - The company did not hold any equity in other listed companies during the reporting period[25] - There were no derivative investments made by the company during the reporting period[26] Corporate Governance and Compliance - The company is committed to avoiding any illegal occupation of funds or assets belonging to the listed company[22] - The company is ensuring the independence of its financial department and decision-making processes[21] - The company has committed to maintaining independent operations and capabilities to avoid any potential competition with its controlling shareholder[21] - The company is focused on ensuring that all tax obligations are independently managed and fulfilled[21] - The company has established a commitment to avoid any potential conflicts of interest with its controlling shareholder[22] - The company is actively working to ensure compliance with relevant laws and regulations regarding corporate governance[22] - There were no instances of non-compliance regarding external guarantees during the reporting period[28] - The company reported no non-operational fund occupation by controlling shareholders or related parties during the reporting period[29] Strategic Initiatives - The company plans to establish a presence in the cross-border e-commerce sector, utilizing a newly acquired industrial property as a base for related services[19] - The company signed a strategic cooperation framework agreement with the Ningbo Free Trade Zone Management Committee to enhance collaboration in cross-border e-commerce and financial services[19] Miscellaneous - Non-recurring gains and losses for the year-to-date amounted to ¥61,321,377.81[9] - Accounts receivable increased by 567.18% to 47,874.08 million due to an increase in mortgage receivables[16] - Prepayments rose by 76.15% to 85,324.59 million, primarily due to an increase in prepayments for a project in Beijing[16] - The controlling shareholder pledged to ensure that the board of directors' related party members do not exceed 50% after major asset restructuring[21] - The controlling shareholder has promised to strictly adhere to market principles in any necessary related party transactions[22] - The company did not engage in any research, communication, or interview activities during the reporting period[27]