Debt and Financial Obligations - The company reported overdue and default debts amounting to CNY 1.274 billion, with arrangements for debt repayment in progress[5]. - As of the report date, the company has completed cash repayment for debts under CNY 1.2 million, and the restructuring agreement is being executed normally[4]. - The company has a total of CNY 14 billion in financial loan disputes pending in court, with a judgment requiring repayment of CNY 1.4 billion principal and interest[4]. - The company is currently facing a financial lawsuit involving a loan dispute amounting to CNY 499 million, with a judgment already in effect requiring repayment[165]. - Another lawsuit related to a loan dispute of CNY 396.9 million is also ongoing, with a judgment mandating repayment and a debt restructuring agreement in place[165]. - The company has undertaken a debt restructuring agreement and is currently executing it as per the stipulated terms[165]. Related Party Transactions - The company has not engaged in any related party transactions during the reporting period[6]. - The company has no major related transactions during the reporting period[18]. - The company has a total of CNY 22.24 million in payables to related parties, with CNY 369,430 in interest accrued[13]. - The company has not engaged in any financial business with related financial companies[15]. - The company has not reported any violations regarding external guarantees during the reporting period[140]. - The company has pledged to suspend the transfer of its shares in Yin Yi Co. if any investigation is initiated regarding false records or misleading statements[161]. Operational Performance - In the first half of 2023, the company achieved operating revenue of 2.788 billion yuan, a year-on-year increase of 55.86%[63]. - The net profit attributable to shareholders of the listed company was -883 million yuan, a year-on-year decrease of 325.95%[63]. - The company reported a significant increase in property sales revenue, which rose by 287.54% to ¥620,713,143.34 from ¥160,165,449.52 year-on-year[91]. - The automotive parts segment generated ¥1,635,072,874.21 in revenue, accounting for 58.64% of total revenue, with a year-on-year growth of 42.37%[91]. - The gross profit margin for the automotive parts segment improved to 13.46%, up from the previous year's margin[91]. Research and Development - The company has established three production bases in Belgium, China, and four R&D centers in Europe, enhancing its R&D capabilities in automotive powertrain systems[42]. - The company holds 77 patents in the field of hybrid gas generators, showcasing its strong R&D capabilities and product innovation[70]. - The company's intangible assets increased to approximately ¥3.63 billion, accounting for 20.30% of total assets, primarily due to ongoing R&D investments[79]. - Research and development expenses increased by 23.05% to ¥444,706,186.13, up from ¥361,403,621.80 in the previous year[89]. Market and Strategic Focus - The company is focused on expanding its market, product development, cost reduction, and optimizing organizational structure in the high-end manufacturing sector[45]. - The company is actively pursuing new energy development strategies, focusing on electric vehicles and semiconductors[63]. - The company aims to enhance its market position through innovative marketing strategies and collaboration with professional institutions in the real estate sector[51]. - The company is committed to managing raw material costs effectively, as raw materials constitute a significant portion of operating costs, and price fluctuations pose risks to cost control[125]. Legal and Compliance - The company has established independent financial and operational structures to ensure asset independence and compliance with legal requirements[159]. - The company has a structured approach to recognizing deferred tax assets and liabilities based on the difference between book value and tax basis[153]. - The company has made commitments regarding land use and tax obligations to protect the interests of shareholders following restructuring[118][119]. - The company confirmed that there were no external guarantees approved or actually occurred during the reporting period[155]. Financial Position - The company's accounts payable rose to approximately ¥1.62 billion, accounting for 9.07% of total liabilities, driven by increased scale in the high-end manufacturing sector and real estate projects[79]. - Cash and cash equivalents at the end of the reporting period amounted to ¥675,314,683.81, representing 3.77% of total assets, down from 6.17% the previous year, a decrease of 2.40%[93]. - The net cash flow from operating activities was -¥688,922,163.36, a decline of 32.22% compared to -¥521,024,636.72 in the same period last year[89]. - The company reported a fair value loss of ¥63.32 million, which accounted for 7.66% of total profit, attributed to changes in the fair value of trading financial liabilities[76]. Acquisitions and Investments - The company completed an acquisition of 90% of Xingtai Longgang Investment Development Co., with an investment amount of ¥107 million[82]. - The company has established several new subsidiaries during the reporting period, including Shan Zi Power and Pinghu Shan Zi, which are expected to have a general impact on overall operations and performance[124]. - The company has made acquisitions of several subsidiaries, including Xingtai Longgang and Hebei Hongxing, which are anticipated to have a general impact on overall operations and performance[124]. Corporate Governance - The company is committed to avoiding any direct or indirect competition with its subsidiaries to protect shareholder interests[159]. - The company has a policy to ensure that all related transactions are conducted at market prices and in compliance with legal requirements[159]. - The company guarantees that all information provided during the restructuring process is true, accurate, and complete, with no false records or misleading statements[161].

Revenue and Financial Performance - Revenue for 2022 was RMB 3,738,379,335.43, a decrease from RMB 3,976,285,254.88 in 2021, primarily due to income from auto parts, real estate sales, and property management services[37] - Revenue after deducting certain items was RMB 3,590,758,629.06 in 2022, compared to RMB 3,779,173,494.69 in 2021, mainly from auto parts, real estate sales, and property management services[37] - The company's total revenue for 2022 reached $5.6 billion, representing a 12% year-over-year growth[48] - Revenue for 2022 was 3,738,379,335.43 yuan, a decrease of 5.98% compared to 2021[53] - Revenue in Q1 2022 was 1,330,693,338.86 yuan, the highest among all quarters[62] - Belgian Punch's revenue was €179.45 million in 2022[148] - Nanjing Punch's revenue was $1.03 billion in 2022[148] - Bangqi Citroen's subsidiary in the automotive parts sector reported revenue of 209.91 million euros, with a net loss of 269.86 million euros[151] - Ningbo Yinyi Real Estate's subsidiary in the real estate sector reported revenue of 1.42 billion RMB, with a net profit of 372.82 million RMB[151] - Ningbo Yinyi Property's subsidiary in the service sector reported revenue of 180 million RMB, with a net profit of 71.07 million RMB[151] Net Profit and Loss - Net profit for the year was $320 million, a 15% increase compared to the previous year[48] - Net profit attributable to shareholders in 2022 was -969,158,179.09 yuan, an improvement of 62.93% compared to 2021[53] - Net profit attributable to shareholders in Q4 2022 was -1,136,968,328.34 yuan, the lowest among all quarters[62] - The company's net profit after deducting non-recurring gains and losses has been negative for the past three fiscal years, raising concerns about its ability to continue as a going concern[4] - Belgian Punch reported a net loss of €592.88 million in 2022[148] - Nanjing Punch recorded a net loss of $41.83 million in 2022[148] - Belgian Punch's operating loss was €588.41 million in 2022[148] - Nanjing Punch's operating loss was $40.79 million in 2022[148] Cash Flow and Assets - Operating cash flow for 2022 was -526,073,250.67 yuan, a significant decrease of 104.02% compared to 2021[53] - Operating cash flow in Q1 2022 was -828,529,165.59 yuan, the lowest among all quarters[62] - Total assets at the end of 2022 were 17,881,888,700.94 yuan, a decrease of 16.89% compared to 2021[53] - Total assets increased by 18% to $12.5 billion as of December 31, 2022[48] - Equity attributable to shareholders at the end of 2022 was 4,591,140,162.85 yuan, an increase of 45.42% compared to 2021[53] - Belgian Punch's total assets amounted to €4.12 billion in 2022[148] - Nanjing Punch's total assets were $1.82 billion in 2022[148] Business Segments and Operations - The company's main business segments include auto parts, real estate sales, and property management services[37] - The automotive segment contributed $3.2 billion to the total revenue, accounting for 57% of the company's income[48] - The real estate division generated $1.8 billion in revenue, a 8% increase from 2021[48] - The company invested $450 million in R&D, focusing on new energy vehicle technologies and smart manufacturing[48] - The company's main business shifted to include automotive parts production, R&D, and sales after major asset restructurings in 2017 and 2018[53] - The company is focusing on the new energy vehicle sector, particularly in the commercial vehicle segment, with the development of a light logistics vehicle designed for logistics purposes[122] - The company is integrating global top automotive parts resources and implementing a major customer cooperation strategy to enhance global R&D, production, and sales service layout[122] - The company is strengthening its strategic cooperation with global large-scale well-known automakers such as Stellantis Group and Tata Group[122] - The company is actively expanding its presence in emerging markets along the "Belt and Road" economic circle, including the Middle East, Russia, and South America[122] - The company is enhancing cooperation with key customers such as Yanfeng, Joyson, Hyundai Mobis, and Toyota Boshoku, with a focus on projects with leading automakers like BYD[122] - The company is committed to improving customer satisfaction through technological, process, and service breakthroughs, aligning with the development direction of international first-tier customers[122] - The company is committed to the comprehensive localization of high-end manufacturing capabilities, insisting on independent research and development, and strengthening technological innovation to continuously enhance the level of core technology R&D, transitioning towards a high-tech company[123] - Bangqi Company will continue to increase R&D investment to enhance the R&D capabilities of various product lines, with CVT focusing on customer demand-oriented customized development, DCT continuously improving product performance, and EV actively developing supporting products through collaborative R&D with global OEMs[123] - ARC Company, as the world's second-largest independent gas generator manufacturer, has a significant technological advantage in hybrid generator technology, with products covering major global automotive Tier 1 suppliers and indirectly supporting well-known global automakers[123] - The company is actively investing in high-quality semiconductor enterprises, such as Zhejiang Hexin Integrated Circuit Co., Ltd., focusing on advanced packaging and testing technologies for mid/high-end integrated circuits, targeting consumer electronics, 5G terminals, and IoT terminals[124] - The company is upgrading its internal control system to achieve standardized and efficient operations, implementing a "Lean Management" approach to enhance operational management and cost reduction measures[125] - The company faces risks from macroeconomic environment and industry competition, with global economic uncertainty and intensified competition in the automotive and parts industry, particularly in the context of rising new energy vehicle penetration rates in China[125] - The company is closely monitoring macroeconomic trends and policy changes, continuously optimizing its industrial layout, and exploring technological innovation to enhance core competitiveness[126] - The company's automotive parts manufacturing business is significantly affected by raw material price fluctuations, with resource-based raw material prices remaining high due to economic downturns[127] - The company is strengthening procurement and supply chain management, optimizing inventory management, and establishing long-term partnerships with key suppliers to mitigate the impact of raw material price fluctuations[130] - The company's future outlook emphasizes the importance of new energy, AI, biomanufacturing, and green low-carbon technologies as key drivers for enhancing global competitiveness[152] - The 2023 government work report highlights the acceleration of emerging industries such as high-end equipment, biopharmaceuticals, and new energy vehicles[153] Restructuring and Legal Issues - The company completed a capital restructuring in 2022, increasing total shares from 4,027,989,882 to 9,997,470,888[55] - The company resolved non-operational fund occupation, performance compensation, and cash dividend return issues through the execution of a restructuring plan[69] - The company completed its bankruptcy restructuring plan, and the court confirmed the plan's execution, leading to the removal of the delisting risk warning[99] - The company's stock was subject to additional "other risk warnings" due to consecutive annual losses in 2018, 2019, and 2020[98] - The company's restructuring plan was approved by the court, and the bankruptcy restructuring process was concluded[99] - The company's stock trading resumed after the removal of the delisting risk warning, following the completion of the restructuring plan[99] - The company has been frequently contacted by individual investors regarding the progress of its restructuring efforts, with multiple inquiries recorded between July 5, 2022, and July 19, 2022[104] - Individual investors have also shown significant interest in the company's operational status, with several inquiries about its business conditions during the same period[104] - The company's restructuring progress remains a primary concern for investors, as indicated by the repeated inquiries on this topic[104] - Wealth Securities filed a lawsuit against the company for a bond transaction dispute involving RMB 20 million, with a court ruling requiring repayment of the principal and interest[106] - Tianhong Innovation Asset Management filed a lawsuit against the company for a bond transaction dispute involving RMB 87 million, with a court mediation requiring repayment of the principal and interest by September 30, 2020[106] - Shanghai Yaozhi Asset Management filed a lawsuit against the company for a bond transaction dispute involving RMB 78.1693 million, with a court ruling requiring repayment of the principal and interest[106] - Xinda Aoyuan Fund Management filed a lawsuit against the company for a bond transaction dispute involving RMB 20 million, with a court ruling requiring repayment of the principal and interest[106] - Zhonghai Trust filed a lawsuit against the company for a bond transaction dispute involving RMB 11.11 million, with a court mediation requiring repayment of the principal and interest by September 20, 2020[107] - China Merchants Securities filed a lawsuit against the company for a bond transaction dispute involving RMB 43.4075 million, with a court ruling requiring repayment of the principal and interest[107] - The company has implemented a restructuring plan, repaying debts below RMB 1.2 million in cash and converting debts above RMB 1.2 million into equity[106][107] - The company has been frequently communicating with individual investors regarding the progress of its restructuring efforts throughout June 2022[138] - Multiple inquiries from individual investors focused on the company's operational status and the progress of restructuring[138] - The company has been actively responding to individual investors' inquiries about the status of reply letters related to its operations[138] - The company's restructuring progress and operational updates were the primary topics of discussion during the June 2022 communications[138] Subsidiaries and Investments - The company established new subsidiaries including Ningbo Zhidao New Energy Technology Co., Ltd. with an investment of 45,000,000 CNY and an 80% ownership stake[76] - The company's Belgian subsidiary PPEV was established with an investment of 53,389,743.81 EUR and 100% ownership[76] - The company's domestic accounting firm, Tianjian Certified Public Accountants, was paid 3.937 million CNY for audit services[76] - The company's major subsidiaries and associates contributed significantly to the net profit, with impacts exceeding 10%[147] - The company established new subsidiaries, including Ningbo Zhidao New Energy Technology Co., Ltd., which is expected to have a significant impact on operations[151] - The company's subsidiary, Belgian Punch, reported a net loss of €592.88 million in 2022[148] - Nanjing Punch, another subsidiary, recorded a net loss of $41.83 million in 2022[148] - Belgian Punch's total assets amounted to €4.12 billion in 2022[148] - Nanjing Punch's total assets were $1.82 billion in 2022[148] - Belgian Punch's operating loss was €588.41 million in 2022[148] - Nanjing Punch's operating loss was $40.79 million in 2022[148] - Bangqi Citroen's subsidiary in the automotive parts sector reported revenue of 209.91 million euros, with a net loss of 269.86 million euros[151] - Ningbo Yinyi Real Estate's subsidiary in the real estate sector reported revenue of 1.42 billion RMB, with a net profit of 372.82 million RMB[151] - Ningbo Yinyi Property's subsidiary in the service sector reported revenue of 180 million RMB, with a net profit of 71.07 million RMB[151] Shareholder and Capital Structure - The company has not distributed cash dividends, stock dividends, or capital reserve to share capital for the year[21] - The company completed the capital reserve to share capital conversion plan in February 2022, increasing the total share capital from 4,027,989,882 shares to 9,997,470,888 shares[135] - The limited-sale shares increased from 1,453,674,282 shares (36.09%) to 4,417,526,333 shares (44.19%) after the capital reserve conversion[133] - The unlimited-sale shares increased from 2,574,315,600 shares (63.19%) to 5,579,944,555 shares (55.81%) after the capital reserve conversion[133] - SMI Core Capital Management (Zhejiang) Co., Ltd. - Jiaxing Zihe Jinxin Equity Investment Partnership (Limited Partnership) added 2,988,200,641 restricted shares, with the restriction period until February 24, 2025[136] - The total number of restricted shares increased from 24,348,590 shares to 2,988,200,641 shares after the capital reserve conversion[136] - The company's top shareholders include Ningbo Yinyi Holding Co., Ltd. and Xiong Jikai, with significant holdings in RMB ordinary shares[160] - The company's controlling shareholder, Chi Ji Holdings, was established on August 26, 2020, and is primarily engaged in equity investment[162] - The total number of ordinary shareholders at the end of the reporting period was 57,345, an increase from 53,530 at the end of the previous month[172] - Zhongxin Zihe Private Fund Management (Zhejiang) Co., Ltd. holds 29.89% of the shares, totaling 2,988,200,641 shares[172] - Ningbo Shenzhou Investment Co., Ltd. holds 9.23% of the shares, totaling 922,611,132 shares, with 899,569,207 shares pledged[172] - Yinji Co., Ltd. holds 9.11% of the shares, totaling 910,649,201 shares[172] - Ningbo Yinji Holding Co., Ltd. holds 7.48% of the shares, totaling 747,383,347 shares, with 711,353,407 shares pledged[172] - Xiong Jikai holds 7.12% of the shares, totaling 711,557,036 shares, with 711,546,321 shares frozen[172][174] - Tibet Yinji Investment Management Co., Ltd. holds 4.82% of the shares, totaling 481,414,795 shares, with 479,635,868 shares pledged[174] - Ningbo Development Investment Group Co., Ltd. holds 4.61% of the shares, totaling 460,877,536 shares[174] - Lu Guohua holds 1.03% of the shares, totaling 103,000,000 shares, with all shares pledged and frozen[174] - Industrial and Commercial Bank of China Ningbo Branch holds 1.00% of the shares, totaling 99,822,583 shares[174] Audit and Financial Reporting - The company reported no significant differences in net profit and net assets between International Financial Reporting Standards (IFRS) and Chinese Accounting Standards (CAS)[2] - The company's financial statements were audited by Tianjian Certified Public Accountants (Special General Partnership)[35] - The company received a standard unqualified audit opinion from Tianjian Certified Public Accountants for the 2022 fiscal year[170] - The audit process included evaluating the reasonableness of management's assumptions in impairment testing[194] - The audit team tested the accuracy, completeness, and relevance of data used in impairment testing[194] - The audit report highlighted the importance of internal controls related to R&D expenditure and asset impairment[194] - The company's management is responsible for assessing the going concern assumption and disclosing related matters[197] Asset Impairment and Goodwill - Goodwill impairment provision amounted to RMB 6.34 billion, with a carrying value of RMB 431.65 million[194] - Intangible assets impairment provision was RMB 227.76 million, with a carrying value of RMB 872.53 million[194] - Development expenditure impairment provision was RMB 399.71 million, with a carrying value of RMB 1.7 billion[194] - Fixed assets impairment provision was RMB 258.77 million, with a carrying value of RMB 1.27 billion[194] - R&D expenses capitalized in 2022 amounted to RMB 486.96 million[194] - The company's sales declined, leading to severe overcapacity in some areas, posing a risk of asset impairment[194] Non-Recurring Items and Government Subsidies - Non-current asset disposal loss in 2022 was -1,188,678.64, compared to a gain of 11,744,123.20 in 2021 and 180,810,001.48 in 2020[64] - Government subsidies recognized in 2022 were 26,944,254.98, down from 33,291,309.33 in 2021 and 27,231,582.16 in 2020[64] - Debt restructuring gains in 2022 were 1,027,273,976.90, significantly higher than 5,129,838.89 in 2021[64] - Total non-recurring gains and losses in 2022 were 1,028,411,903.49, compared to 301,945,499.03 in 2021 and 210,100,100.46 in 2020[64] Legal and Compliance - The company had no violations in external guarantees during the reporting period[71] - No changes in accounting policies, estimates, or significant accounting errors occurred during the reporting period[72] - The company lost control of a subsidiary, resulting in a gain of 1,492,189.48 from the reclassification of other comprehensive income[74] - The company's consolidated scope increased during the reporting period[75] - The company faced lawsuits involving 619.7767 million CNY and 499 million CNY in claims, with judgments already in effect and enforcement actions initiated[78] - The company has signed irrevocable operating lease contracts amounting to 516.89 million yuan as of December 31, 2022[117] Future Plans and Strategic Focus - The company plans to invest $600 million in 2023 for market expansion and new product development[48] - The electric vehicle components business is expected to grow by 25% in 2023, reaching $800 million in revenue[48] - The company plans to deepen its layout in the new energy and semiconductor dual industry chains, aiming to

Financial Performance - The company's revenue for Q1 2023 was ¥1,155,834,715.81, a decrease of 13.14% compared to ¥1,330,693,338.86 in the same period last year [30]. - The net profit attributable to shareholders of the listed company was -¥197,108,113.62, representing a decline of 141.63% from ¥473,507,232.90 in the previous year [30]. - The company reported an operating profit of -¥241,136,967.41, compared to an operating profit of ¥424,943,998.05 in the previous year [30]. - The total profit was -¥236,725,199.68, a significant decline from ¥451,101,253.54 in the same period last year [30]. - The company experienced a 32.86% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to -¥194,767,986.62 compared to -¥290,101,769.10 in the previous year [30]. - The basic and diluted earnings per share were both -¥0.02, down 140.00% from ¥0.05 in the previous year [30]. Assets and Liabilities - The total non-current assets amounted to ¥11,462,434,363.88, while total assets were ¥17,698,490,785.98 [18]. - The total liabilities reached ¥9,663,400,323.54, with current liabilities accounting for a significant portion [18]. - The company has a significant portion of its liabilities in short-term borrowings, totaling ¥1,112,561,532.34 [18]. - Total liabilities amounted to ¥12,390,948,099.14, a slight decrease from ¥12,409,112,065.43 [44]. - Total assets at the end of the reporting period were ¥17,698,490,785.98, a decrease of 1.03% from ¥17,881,888,700.94 at the end of the previous year [30]. - The equity attributable to shareholders of the listed company was ¥4,404,022,267.96, down 4.08% from ¥4,591,140,162.85 at the end of the previous year [30]. - The total equity attributable to shareholders decreased to ¥4,404,022,267.96 from ¥4,591,140,162.85, reflecting a decline of 4.1% [44]. Cash Flow - The net cash flow from operating activities was -¥435,509,566.22, an improvement of 47.44% compared to -¥828,529,165.59 in the same period last year [30]. - Total cash inflow from operating activities reached ¥1,242,058,601.82, compared to ¥1,107,343,603.76 in the prior period, reflecting an increase of 12.1% [47]. - Cash outflow from operating activities decreased to ¥1,677,568,168.04 from ¥1,935,872,769.35, marking a 13.3% reduction [47]. - The net cash flow from investing activities was -¥117,092,366.24, an improvement from -¥439,062,296.23 in the previous period, showing a 73.3% reduction in cash outflow [48]. - The net cash flow from financing activities was ¥52,309,707.57, a significant decrease from ¥949,972,311.21 in the previous period [48]. - The ending cash and cash equivalents balance was ¥472,059,988.19, a decrease from ¥1,407,818,750.91 in the previous period [48]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,530, indicating a stable shareholder base [11]. Strategic Focus - The company plans to focus on high-end manufacturing and expand into the new energy vehicle and semiconductor sectors, aligning with its strategic development goals [15]. - The company aims to enhance its technological innovation capabilities to drive high-quality development [15]. Research and Development - Research and development expenses increased to ¥60,931,936.46, up 53.5% from ¥39,699,110.39 in the previous period [44]. Investment Performance - The company reported a total of ¥1,349,885,906.47 in long-term equity investments, showing a slight decrease from the previous period [18]. - The net investment loss for the quarter was ¥-23,733,522.47, compared to a gain of ¥716,941,349.77 in the previous period [44]. Inventory and Receivables - Accounts receivable increased to ¥825,349,112.25 from ¥612,035,188.87, representing a rise of 35% [41]. - Inventory at the end of the period was ¥3,785,913,739.57, slightly up from ¥3,759,150,104.81 [41]. Non-Operating Activities - The company recorded a loss from non-operating activities amounting to ¥2,340,127.00 after tax impacts [8]. - The company reported a non-operating asset disposal gain of ¥11,220,493.83 and government subsidies of ¥2,488,594.70 during the reporting period [8].

编号：2014-002 证券代码：000981 证券简称：银亿股份 银亿房地产股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------------|--------------------------|------------------------------------------------------| | | | | | | □ 特定对象调研 | □ 分析师会议 | | 投资者关系活动 | □ 媒体采访 | □ 业绩说明会 | | 类别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | √ 其他 （公司调研） | | | 参与单位名称及 人员姓名 | | 民生证券（邹恒超）、悦禄资本（王垤智、刁玉洁） | | 时间 | 2014 年 11 月 19 | 日 | | 地点 | 公司本部 610 会议室 | | | | | | | 上市公司接待人 员姓名 | | 董事会秘书罗瑞华、证券事务代表赵姝 | | 投资者关系活动 主要内容介绍 | 、公司最近发行的 | 17 亿元中期票据的募集资金投向为哪里？ | | ...

Group 1: Business Development - The company has registered Ningbo Lian Cai Technology Co., Ltd. in September 2014, focusing on self-service lottery sales, aiming to develop this as a new profit growth point [2] - In 2014, the company increased land reserves while expanding into tourism real estate, with new projects in Jeju Island, South Korea, and Bosten Lake, Xinjiang [3] Group 2: Financing and Investment - The company plans to publicly issue bonds not exceeding RMB 1.8 billion and privately issue bonds not exceeding RMB 1 billion, currently in the application preparation stage [3] - In January 2015, the company invested RMB 100 million as a limited partner in a Shanghai merger and acquisition equity investment fund [3] Group 3: Strategic Goals - The year 2015 is designated as a year of reform and innovation for the company, focusing on strengthening the real estate core business while diversifying into tourism, senior housing, and overseas real estate [3]

证券代码：000981 证券简称：银亿股份 编号：2016-001 银亿房地产股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------|----------------------------------------------------------| | | | | | | 特定对象调研 □ 分析师会议 | | | 投资者关系活动 | 媒体采访 □ 业绩说明会 | | | 类别 | 新闻发布会 □ 路演活动 | | | | 现场参观 | | | | 其他 机构投资者见面会 | | | 参与单位名称及 | | 海通证券（邓学、贾亚童）、长江证券（高伊楠）、广发证券 | | 人员姓名 | | （闫俊刚、熊伟、乐加栋）、申万宏源（宋婷婷）、招商证券 | | | | （唐楠）、浙商证券（陈珂、郭毅）、东吴证券（孔宸寰、王维 | | | | 逸）、国金证券（崔琰、申亚楠、贺振兴）、中银国际（朱 | | | | 朋）、中金证券（刘册）、光大证券（刘洋）、中信建投（叶 | | | | 莹、丰亮、刘璐）、平安证券 ...

"银亿股份双轮驱动发展战略" 机构 投资者见面会之会议记录 罗瑞华：尊敬的各位投资者朋友们，大家上午好，我是银亿股份董 事会秘书罗瑞华。在这个春暖花开、生机盎然的季节，很荣幸和大家相 聚在上海丽思卡尔顿酒店，举行"银亿股份双轮驱动发展战略"机构投 资者见面会，首先对于百忙之中出席今天会议的在座机构者朋友们表示 热烈的欢迎和衷心的感谢。 现在由我向大家介绍今天出席会议的嘉宾，他们是： 银亿股份集团总裁助理兼战略投资部总经理张保柱先生 ARC 集团中国区负责人 Cregg Lynn 先生 银亿股份财务总监朱莹女士 银亿股份财务副总监李春儿女士 银亿股份作为深耕房地产二十余年的上市百强房企业，近年来不断 探索和推进企业转型升级的步伐，近期公司披露了收购全球第二大独立 1 生产气体发生器公司 ARC 集团的相关信息，受到了广大投资者和媒体朋 友们的关注，为使社会各界能够对公司及本次收购有更全面的认识和了 解，今天公司在此举行"银亿股份双轮驱动发展战略"机构投资者见面 会，希望借此机会与大家共同交流和分享银亿股份在发展历程中的重大 突破，本次会议议程分两个部分，第一个部分是由银亿及 ARC 集团主要 领导分别就银亿股份 ...

Group 1: Restructuring Process - The restructuring process was discussed, with a board meeting held on May 31, 2017, to review the restructuring matters, and a report disclosed on June 1, 2017, currently under exchange review [2] - The acquisition of Bangqi aims to expand business channels and share customer resources, despite no direct upstream or downstream relationship with ARC Group [3] Group 2: Financial Performance and Projections - Bangqi's committed net profit for 2017 is projected at 750 million, nearly doubling from 416 million in 2016, supported by the rapid growth of the passenger car market in China [3] - The design capacity for Bangqi in 2016 was 450,000 sets, with actual production at 407,700 sets and sales at 414,400 sets, with expectations for future increases [4] Group 3: Investment and Market Expansion - The funds raised will be used for the construction of a 1.2 million sets transmission assembly project in Ningbo, with a construction period of 30 months [4] - Bangqi is actively exploring new markets, with stable clients like Proton in Malaysia, while other international markets are still in the expansion phase [4] Group 4: Product and R&D Insights - The average selling price of Bangqi's CVT in 2016 was 8,605 yuan, varying by model [4] - The gross profit margin for the target company in 2016 was approximately 30% [5] - Bangqi is focusing on R&D for dual-clutch transmissions and hybrid/electric products, which are currently in the development and validation stages [5] Group 5: Management and Strategic Direction - The management team has remained stable since the acquisition, with improved treatment and growth opportunities [5] - The company aims to maintain a dual-driven development model focusing on real estate and high-end manufacturing [6] - Post-transaction, the existing international management team will continue to oversee operations, ensuring management continuity [7]

Group 1: Company Overview and Strategic Shift - Yinyi Co. has transitioned from a top real estate company to high-end manufacturing, establishing a dual-driven strategy in real estate and high-end manufacturing [2][3] - The acquisition of the American ARC Group and the Belgian Bongi Group has been approved by shareholders and is pending regulatory approval [2][3] - Yinyi has been recognized as one of China's top 100 real estate companies for 14 consecutive years [2] Group 2: Acquisition Rationale - The acquisition of Bongi is aimed at enhancing Yinyi's core competitiveness and ensuring stable returns for shareholders [5] - Bongi holds a strong position in the CVT sector with a stable customer base, particularly in Asia, which aligns with Yinyi's growth strategy [5] - Bongi's extensive R&D capabilities and experience in the industry will support Yinyi's goal of integrating high-end manufacturing into its operations [5][6] Group 3: Market Potential and Industry Analysis - The Chinese automotive market is expected to maintain a compound annual growth rate (CAGR) of over 10% in the next five years, with 2016 sales exceeding 28 million vehicles [5][6] - The competitive landscape includes major manufacturers and independent suppliers, with Bongi positioned as a leading independent supplier in the CVT market [6][7] - Bongi's products are characterized by high output, lightweight design, and strong adaptability, making them suitable for high-end vehicles [7] Group 4: Financial Aspects of the Transaction - The transaction involves issuing shares to acquire 100% of Dongfang Yisheng for a total consideration of 7.981 billion yuan, along with raising up to 400 million yuan for the Bongi project [9] - This acquisition is expected to optimize Yinyi's asset structure and enhance overall profitability, benefiting shareholders [9] Group 5: Future Development Strategy - Post-acquisition, Yinyi aims to establish a comprehensive automotive transmission R&D, production, and sales system, enhancing its dual-driven strategy [10] - The company plans to leverage the strengths of ARC and Bongi to maintain industry leadership while expanding into emerging markets like India and Brazil [10][11] - Yinyi will continue to focus on high-quality real estate development while strengthening its high-end manufacturing capabilities [10][11]

Group 1: Company Overview - Yinyi Real Estate Co., Ltd. has over 20 years of experience in the real estate sector and is transitioning into high-end manufacturing [2][3]. - The company aims to establish a dual-driven development strategy combining real estate and high-end manufacturing [3]. Group 2: Major Asset Restructuring - On June 23, 2017, Yinyi held a media communication meeting regarding its significant asset restructuring, which involves the indirect acquisition of Belgian company Bongi Group, a leading supplier of CVT transmissions [3]. - The restructuring plan has garnered significant attention from investors and media, highlighting the company's strategic considerations and future development plans [3]. Group 3: Meeting Structure - The meeting consisted of three parts: a detailed presentation by Yinyi and Bongi Group leaders on the transaction strategy, industry analysis, and future plans; an interactive Q&A session with media; and a factory tour of Nanjing Bongi [3][4].