Financial Performance - The company's revenue for Q1 2023 was ¥227,223,854.44, a decrease of 43.91% compared to ¥405,131,840.89 in the same period last year[4] - The net profit attributable to shareholders was -¥36,911,908.23, an improvement of 65.87% from -¥108,143,310.31 year-on-year[4] - The basic earnings per share were -¥0.0403, improving by 65.85% from -¥0.1180 in the same period last year[4] - Net loss for the period was ¥35,793,988.29, compared to a net loss of ¥109,585,737.34 in the previous period, showing an improvement of approximately 67%[19] Cash Flow - The net cash flow from operating activities was -¥47,740,281.68, a decline of 167.67% compared to ¥70,552,273.31 in the previous year[4] - Cash inflow from operating activities totaled ¥350,937,343.98, down from ¥583,568,971.21, a decrease of approximately 40%[21] - The company recorded a net cash flow from investing activities of ¥6,766,009.83, an increase of 144.73% compared to -¥15,125,722.25 in the previous year[9] - Net cash flow from financing activities was -$100,731,891.41, compared to -$112,960,873.47 in the previous period[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,583,715,584.43, down 10.50% from ¥1,769,423,798.09 at the end of the previous year[4] - Total liabilities decreased to ¥999,640,348.85 from ¥1,151,635,067.10, a reduction of approximately 13%[16] - Current liabilities decreased from ¥1,034,538,731.85 to ¥890,286,982.17, a decline of approximately 14%[15] - Total current assets decreased from ¥1,246,327,539.61 to ¥1,025,984,425.77, a decline of approximately 17.6%[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 31,938[11] - The largest shareholder, Guochuang High-tech Industrial Group Co., Ltd., holds 27.71% of shares, totaling 253,873,105 shares[11] - The total number of preferred shareholders is not applicable, indicating no preferred shares are currently issued[12] Operational Changes - The company plans to divest Shenzhen Yunfang due to ongoing losses and negative impacts on overall business performance[12] - The company is actively negotiating the sale of Shenzhen Yunfang's controlling stake to optimize asset structure and reduce operational risks[12] Operating Costs and Expenses - The operating costs decreased by 50.24% to ¥212,995,251.78, reflecting the decline in revenue[8] - Research and development expenses decreased to ¥10,906,269.91 from ¥20,686,152.99, a reduction of about 47% year-over-year[18] - Total operating costs decreased to ¥258,682,557.28 from ¥517,128,078.10, a reduction of about 50% year-over-year[18] Credit Impairment - The company reported a significant increase in credit impairment losses, which rose by 618.78% to ¥7,086,529.87 from ¥985,911.37 year-on-year[9] - The company recorded a credit impairment loss of ¥7,086,529.87, compared to a gain of ¥985,911.37 in the previous period[19] Cash and Cash Equivalents - The company's cash and cash equivalents decreased from ¥251,227,498.31 at the beginning of the year to ¥96,307,091.06 at the end of the reporting period, a decline of approximately 61.7%[13] - The ending cash and cash equivalents balance was $58,712,126.55, down from $141,252,911.72 in the previous period[22] Audit Status - The first quarter report was not audited[23]

湖北国创高新材料股份有限公司 投资者关系活动记录表 编号：20220520 | --- | --- | --- | |----------------|-----------------------------------------------|---------------------------------------------------------------| | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 □媒体采访 | ☑ 业绩说明会 | | 类别 | □新闻发布会 □现场参观 | □路演活动 | | | □其他 | （请文字说明其他活动内容） | | 活动参与人员 | 通过"全景网•投资者关系互动平台"（ 公司 2021 | http://ir.p5w.net ）参加 年度业绩说明会的投资者 | | 时间 | 2022 年 5 月 20 日 | | | 地点 | "全景网•投资者关系互动平台"（ | http://ir.p5w.net ） | | | | | | 形式 | 网络远程 | | | | | 湖北国创高新材料股份有限公司（以下简称"国创高新"或"公 | | ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 湖北国创高新材料股份有限公司 2022 年第三季度报告 股票代码：002377 股票简称：国创高新 公告编号：2022-43 号 湖北国创高新材料股份有限公司 2022 年第三季度报告 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 ☑否 1 湖北国创高新材料股份有限公司 2022 年第三季度报告 一、主要财务数据 （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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 增减 | | 上年同期增减 | | 营业收入（元） | 678,207,328.19 | ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥972,484,317.07, a decrease of 55.46% compared to ¥2,183,497,354.73 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥172,370,714.29, representing an increase in loss of 87.77% from -¥91,798,026.19 in the previous year[21]. - The basic earnings per share were -¥0.1881, a decline of 87.72% compared to -¥0.1002 in the same period last year[21]. - The company's revenue for the reporting period was ¥972,484,317.07, a decrease of 55.46% compared to ¥2,183,497,354.73 in the same period last year, primarily due to the impact of the pandemic and a sluggish real estate market[42]. - The net loss for the first half of 2022 was CNY 174,134,485.84, compared to a net loss of CNY 95,717,461.56 in the first half of 2021, indicating an increase in losses of 82.1%[134]. - The company's gross profit margin for the first half of 2022 was approximately -18.2%, compared to a gross profit margin of -0.5% in the same period of 2021[133]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥114,971,459.16, a turnaround of 260.63% from -¥71,574,491.06 in the same period last year[21]. - The cash and cash equivalents net increase was -¥109,322,709.02, an improvement of 52.93% from -¥294,940,180.49 in the previous year[42]. - The company reported a total cash outflow from investment activities of CNY 347,238.77, reflecting ongoing investment efforts[143]. - The total cash inflow from financing activities was CNY 237,430,000.00, while cash outflow was CNY 296,033,182.09, resulting in a net cash flow from financing activities of -CNY 58,603,182.09[143]. - The ending balance of cash and cash equivalents was CNY 43,710,198.12, compared to CNY 86,950,823.74 at the end of the previous period[143]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,359,537,589.45, down 15.04% from ¥2,777,229,655.60 at the end of the previous year[21]. - The total liabilities decreased from CNY 1,644,521,303.74 to CNY 1,400,963,723.43, a reduction of approximately 14.8%[126]. - The company's equity attributable to shareholders decreased from CNY 1,140,924,981.96 to CNY 968,554,267.67, a decline of about 15.1%[126]. - The company's current assets totaled CNY 1,404,688,374.52, down from CNY 1,505,846,155.86, indicating a decrease of about 6.7%[124]. - The total approved guarantee amount for the company during the reporting period is CNY 5,000 million, with an actual guarantee amount of CNY 13,706.99 million[101]. Business Operations - The real estate intermediary service business generated revenue of 566 million yuan, a decline of 69.20% year-on-year, with a net profit of -160.74 million yuan, down 95.53%[31]. - The asphalt business maintained stable operations, with revenue of 400 million yuan and a net profit of -13.39 million yuan[31]. - The company closed over 200 underperforming stores, incurring significant losses from renovation costs and deposits[31]. - The company continues to focus on R&D and production of modified asphalt, maintaining its position as a leading enterprise in the industry[37]. - The company has established a mature online platform for real estate transactions, enhancing operational efficiency and service quality[38]. Market Conditions - In Shenzhen, new residential transactions fell to 16,126 units in the first half of 2022, a decrease of 38.3% year-on-year[33]. - The number of second-hand residential transactions in Shenzhen dropped to 9,965 units, down 65% year-on-year, marking a historical low[33]. - The company emphasizes the importance of adhering to national policies aimed at stabilizing the real estate market, which impacts its business operations[33]. - The company faces risks related to policy changes in the real estate sector, which could adversely affect its real estate intermediary services[62]. Research and Development - Research and development expenses were reduced by 33.74% to ¥30,857,138.83 from ¥46,570,336.03, attributed to a decrease in R&D personnel and investment[42]. - The report indicates a focus on research and development for new technologies, which is critical for future growth[146]. - The company is committed to strengthening its core team to prevent talent loss, which is critical for maintaining competitive advantage in a challenging market[64]. Shareholder and Capital Structure - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has not raised any funds during the reporting period, indicating no new capital influx[58]. - The total number of shares after the recent changes is 916,325,201, with 99.96% being unrestricted shares[108]. - The largest shareholder, Guochuang High-Tech Industrial Group Co., Ltd., holds 27.71% of the shares, totaling 253,873,105 shares[110]. Risk Management - The company has implemented a hedging strategy to mitigate the impact of raw material price fluctuations, focusing on futures contracts related to necessary production materials[56]. - The company is exposed to raw material price fluctuations due to international crude oil prices, which could increase operational risks if pricing mechanisms do not align with cost increases[64]. - The company has set up a dedicated risk control position to enhance the effectiveness of its hedging strategy and ensure compliance with internal regulations[56]. Compliance and Governance - The company's semi-annual financial report has not been audited, indicating a need for future scrutiny[80]. - There were no major litigation or arbitration matters reported during the period, reflecting a stable legal standing[82]. - The company has not faced any significant environmental penalties or issues during the reporting period, adhering to relevant environmental laws and regulations[72].

Financial Performance - The company's revenue for Q1 2022 was ¥405,131,840.89, a decrease of 56.95% compared to ¥940,971,687.48 in the same period last year[4] - The net profit attributable to shareholders was -¥108,143,310.31, representing an 18.24% decline from -¥91,463,955.94 year-on-year[4] - The company reported a net loss of ¥109,585,737.34 for the current period, compared to a net loss of ¥93,784,682.19 in the previous period, representing an increase in loss of approximately 16.9%[17] - Operating profit was reported at a loss of ¥110,307,724.83, which is a decline from the previous period's loss of ¥96,976,119.88, indicating a worsening operational performance[17] - Total revenue from sales of goods and services was ¥520,022,178.57, down from ¥1,052,154,938.83 in the previous period, reflecting a decrease of approximately 50.6%[19] - The company incurred total operating expenses of ¥513,016,697.90, which is a decrease from ¥1,164,551,812.32 in the previous period, indicating cost-cutting measures[21] - The basic and diluted earnings per share were both reported at -¥0.1180, compared to -¥0.0998 in the previous period, reflecting a decline in shareholder value[18] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥70,552,273.31, a 414.41% increase from -¥22,439,291.92 in the previous year[4] - Cash generated from operating activities improved significantly, reaching CNY 70,552,273.31, a 414.41% increase from a cash outflow of CNY 22,439,291.92 in the previous period[16] - Cash and cash equivalents at the end of the period totaled ¥141,252,911.72, down from ¥566,389,568.15 at the end of the previous period, indicating a liquidity squeeze[22] - The company reported a net cash outflow from investing activities of ¥15,125,722.25, a decrease from a net inflow of ¥16,204,803.23 in the previous period, suggesting reduced investment activity[21] - The company experienced a net cash outflow from financing activities of ¥112,960,873.47, compared to a net outflow of ¥167,494,005.40 in the previous period, indicating a reduction in financing costs[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,657,818,468.56, down 4.30% from ¥2,777,229,655.60 at the end of the previous year[4] - The company's total assets decreased to CNY 2,657,818,468.56 from CNY 2,777,229,655.60, indicating a reduction in overall asset value[15] - The total liabilities decreased slightly to CNY 1,634,695,854.04 from CNY 1,644,521,303.74, showing a minor improvement in the company's debt situation[15] - Shareholders' equity attributable to the parent company decreased by 9.48% to ¥1,032,781,671.65 from ¥1,140,924,981.96[4] Operational Metrics - The company's operating revenue decreased by 56.95% to CNY 405,131,840.89 from CNY 940,971,687.48 due to the impact of the pandemic and the real estate market[16] - Operating costs fell by 53.59% to CNY 428,015,969.21 from CNY 922,253,541.42, reflecting the decrease in operating revenue[16] - The company reported a significant increase in accounts payable, rising by 55.12% to CNY 293,093,802.69 from CNY 188,947,287.97, attributed to increased commission payables[14] - The company’s management expenses decreased by 37.13% to CNY 52,520,793.41 from CNY 83,534,864.08, reflecting cost-cutting measures[16] Government Support and Other Income - The company received government subsidies amounting to ¥138,073.18 during the reporting period[6] - Investment income showed a loss of CNY 1,531,953.59, a drastic decline of 8406.24% compared to a loss of CNY 18,009.76 in the previous period[16] - Prepayments surged by 175.47% to ¥115,247,175.72 compared to ¥41,836,183.27 in the previous year[10] - The number of ordinary shareholders at the end of the reporting period was 25,928[8] - The company's trading financial assets increased by 3233.33% to ¥500,000.00 from ¥15,000.00 at the beginning of the year[10]

Financial Performance - The company's operating revenue for 2021 was ¥3,797,619,405.78, a decrease of 13.66% compared to ¥4,398,289,209.17 in 2020[22] - The net profit attributable to shareholders was -¥1,122,047,053.63, showing an improvement of 62.28% from -¥2,974,723,821.97 in the previous year[22] - The net cash flow from operating activities improved by 89.44%, reaching -¥29,559,122.81 compared to -¥279,908,447.65 in 2020[22] - The basic earnings per share were -¥1.22, a 62.46% improvement from -¥3.25 in 2020[22] - Total assets decreased by 18.81% to ¥2,777,229,655.60 from ¥3,420,554,346.39 at the end of 2020[22] - The net assets attributable to shareholders dropped by 49.58% to ¥1,140,924,981.96 from ¥2,262,785,035.59 in 2020[22] - The company reported a total revenue of 3.798 billion yuan, a decrease of 13.66% compared to the previous year[48] - The net profit for 2021 was -1.132 billion yuan, with a loss attributable to the parent company of -1.122 billion yuan[48] - Revenue from real estate intermediary services was 2.899 billion yuan, down 14.70% from 3.409 billion yuan in the previous year[49] Operational Challenges - The company has faced continuous operating losses, with net profits being negative for the last three accounting years[22] - The company reported non-operating losses of approximately ¥7.84 million for 2021, compared to gains of ¥4.62 million in 2020[30] - The real estate market experienced a significant downturn, with a 6% year-on-year decrease in national second-hand housing transaction amounts, totaling around ¥7 trillion[35] - The company faced increased risks in accounts receivable collection due to tightening real estate financing policies, leading to liquidity pressures in the industry[35] - The government implemented over 400 regulatory policies throughout the year to stabilize the real estate market, impacting both new and second-hand housing transactions[34] Business Operations - The company is primarily engaged in real estate intermediary services and does not involve land reserves or real estate project development and sales[7] - The company operates a real estate intermediary service through its subsidiary Shenzhen Yunfang, focusing on new housing agency and brokerage services[39] - New housing agency services include sales and e-commerce, generating income through commissions from developers[39] - The e-commerce business provides comprehensive marketing solutions for developers, utilizing discounts and group buying to enhance sales[40] - Shenzhen Yunfang has over a thousand stores in major cities in South China, leading in market share in regions like Shenzhen and Zhuhai[43] Research and Development - The company is developing a new type of noise-reducing asphalt mixture aimed at reducing road noise by over 5 decibels[64] - The project on high solid content SBS modified emulsified asphalt aims to enhance the application range and quality of high-end products[64] - The company is researching the use of phosphogypsum in road construction, targeting a usage rate of 15%-30%[65] - The development of low-volatile new asphalt materials aims to address environmental concerns during production and construction processes[65] - R&D investment amounted to ¥108,126,434.55 in 2021, down 36.85% from ¥171,234,989.46 in 2020[67] Strategic Initiatives - The company plans to continue monitoring market conditions and adjust strategies accordingly in response to ongoing regulatory changes and market dynamics[34] - The company signed a strategic cooperation agreement with Tencent to build a nationwide smart real estate marketing platform, aiming to enhance its real estate intermediary business[89] - The company is considering potential mergers and acquisitions as part of its market expansion strategy[111] - The company is actively pursuing strategic partnerships and potential acquisitions to bolster its market position[115] Corporate Governance - The company has established a remuneration system based on job positions and performance evaluations[128] - The total remuneration for the board of directors, supervisors, and senior management during the reporting period amounted to 7.27 million CNY[130] - The company has focused on improving corporate governance, business development, internal control, and financial management[136] - The company has engaged in discussions with board members to adopt constructive suggestions for overall development strategy[137] Environmental and Social Responsibility - The company has implemented advanced environmental protection measures, including a four-stage treatment process for asphalt fumes to ensure compliance with emission standards[160] - The company actively engages in social responsibility initiatives, ensuring compliance with labor laws and focusing on employee health and satisfaction[162] - The company has not reported any environmental penalties during the reporting period, reflecting its commitment to environmental compliance[160] Financial Management - The company has established a comprehensive internal control system for commodity futures hedging to mitigate risks associated with price fluctuations[81] - The company reported zero major defects in financial and non-financial reporting controls[154] - The company has not reported any overdue or unrecoverable principal in its entrusted financial management[196] Employee Management - The total number of employees at the end of the reporting period is 4,951, with 4,869 from major subsidiaries[143] - The company emphasizes employee training, including onboarding, professional development, and management training[145] - The company has 3,377 sales personnel, representing approximately 68% of the total workforce[143]

Financial Performance - The company's revenue for Q1 2022 was ¥405,131,840.89, representing a decrease of 56.95% compared to ¥940,971,687.48 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥108,143,310.31, which is an increase in loss of 18.24% from a loss of ¥91,463,955.94 in the previous year[4] - The company reported a basic and diluted earnings per share of -¥0.1180, which is an 18.24% increase in loss compared to -¥0.0998 in the same period last year[4] - The company reported a net loss of approximately ¥109.59 million for the current period, compared to a net loss of ¥93.78 million in the previous period, representing a year-over-year increase in loss of about 16.88%[17] - Operating profit (loss) for the current period was approximately ¥110.31 million, compared to a loss of ¥96.98 million in the previous period, indicating a worsening performance[17] Cash Flow - The net cash flow from operating activities improved significantly to ¥70,552,273.31, compared to a negative cash flow of ¥22,439,291.92 in the same period last year, marking a 414.41% increase[4] - Cash generated from operating activities improved significantly, reaching CNY 70,552,273.31, a 414.41% increase from a cash outflow of CNY 22,439,291.92 in the previous period[11] - Total cash and cash equivalents at the end of the period stood at approximately ¥141.25 million, down from ¥566.39 million at the end of the previous period[22] - The company recorded cash inflows from sales of goods and services of approximately ¥520.02 million, a decrease of about 50.5% compared to ¥1.05 billion in the previous period[19] - Investment activities resulted in a net cash outflow of approximately ¥15.13 million, compared to a net inflow of ¥16.20 million in the previous period[21] - Financing activities led to a net cash outflow of approximately ¥112.96 million, an improvement from a net outflow of ¥167.49 million in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,657,818,468.56, down 4.30% from ¥2,777,229,655.60 at the end of the previous year[4] - The company's total assets decreased to CNY 2,657,818,468.56 from CNY 2,777,229,655.60, reflecting a reduction in both current and non-current assets[15] - The total liabilities decreased slightly to CNY 1,634,695,854.04 from CNY 1,644,521,303.74, with a notable reduction in non-current liabilities[15] - The company’s cash and cash equivalents decreased to CNY 161,154,889.67 from CNY 220,384,031.62, indicating a liquidity contraction[13] Shareholder Equity - Shareholders' equity attributable to the parent company decreased by 9.48% to ¥1,032,781,671.65 from ¥1,140,924,981.96 at the end of the previous year[4] - The number of ordinary shareholders at the end of the reporting period was 25,928[8] Operating Costs and Expenses - Operating costs also fell by 53.59% to CNY 428,015,969.21 from CNY 922,253,541.42, reflecting the decrease in operating revenue[11] - The company’s management expenses decreased by 37.13% to CNY 52,520,793.41 from CNY 83,534,864.08, reflecting cost-cutting measures[11] - The company reported a decrease in research and development expenses to CNY 20,686,152.99 from CNY 24,150,747.36, indicating a focus on cost management[16] - The company incurred total operating expenses of approximately ¥513.02 million, down from ¥1.16 billion in the previous period, reflecting cost-cutting measures[21] Government Support - The company received government subsidies amounting to ¥138,073.18 during the reporting period[6] Investment Income - Investment income showed a substantial loss of CNY 1,531,953.59 compared to a loss of CNY 18,009.76 in the previous period, indicating a decline of 8406.24%[11] Other Information - The company did not conduct an audit for the first quarter report[23] - The company’s trading financial assets increased significantly by 3233.33% to ¥500,000.00 from ¥15,000.00 at the beginning of the year[10] - Prepayments increased by 175.47% to ¥115,247,175.72 compared to ¥41,836,183.27 at the beginning of the year[10]

Financial Performance - The company's operating revenue for the third quarter was ¥939,678,994.39, a decrease of 32.01% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥515,403,844.94, representing a decline of 1,222.84% year-on-year[3]. - The basic earnings per share were -¥0.5625, down 1,222.75% from the previous year[3]. - The company reported a total operating revenue of ¥3,123,176,349.12 for the current period, an increase from ¥3,054,882,058.35 in the previous period, reflecting a growth of approximately 2.2%[20]. - The total revenue from operating activities is 3,093,792,885.89, down from 3,640,976,635.35 in the previous period, reflecting a decrease of approximately 15.06%[24]. - The net profit for the current period is -614,831,090.66, compared to a profit of 85,411,025.24 in the previous period, indicating a significant decline[22]. - Operating profit for the current period is -613,510,805.23, a decrease from 102,326,955.73 in the previous period[22]. - The company reported a total comprehensive income of -614,831,090.66 for the current period, compared to 85,411,025.24 in the previous period[22]. - Basic and diluted earnings per share for the current period are both -0.6626, compared to 0.1005 in the previous period, indicating a substantial decline in profitability[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,751,424,814.35, an increase of 9.67% compared to the end of the previous year[3]. - The equity attributable to shareholders decreased by 26.85% to ¥1,655,220,842.02 compared to the end of the previous year[3]. - The total liabilities of the company increased to ¥2,102,227,923.40 from ¥1,154,229,255.40, marking a rise of approximately 81.9%[18]. - The company’s inventory increased to ¥244,592,045.50 from ¥190,880,162.50, reflecting a growth of approximately 28.2%[16]. - The company’s long-term equity investments decreased slightly to ¥67,308,582.68 from ¥70,450,117.65, a decline of about 4.3%[17]. - Total current liabilities were approximately CNY 1.15 billion, an increase of CNY 367.05 million from the previous period[30]. - Total equity attributable to shareholders was approximately CNY 2.26 billion, remaining unchanged from the previous period[30]. Cash Flow - The net cash flow from operating activities was -¥104,940,990.99, an improvement of 65.93% compared to the same period last year[3]. - The net cash flow from operating activities is -104,940,990.99, compared to -307,975,903.51 in the previous period, showing an improvement but still negative[25]. - Investment activities generated a net cash flow of -34,358,829.08, compared to -145,512,898.16 in the previous period, indicating a reduction in cash outflow[25]. - Cash and cash equivalents at the end of the period stand at 205,900,967.24, down from 686,131,599.78 at the end of the previous period[25]. - The company reported a cash balance of approximately CNY 801.52 million as of December 31, 2020[28]. - The company’s cash and cash equivalents decreased significantly to ¥240,253,391.69 from ¥801,515,329.62, a decline of about 70%[16]. Expenses and Impairments - The company recognized a goodwill impairment of ¥303,413,516.59 during the reporting period[8]. - The company recognized an impairment of goodwill amounting to ¥30,341.35 million and an impairment of intangible assets (trademarks) of ¥1,500 million during the reporting period[13]. - The financial expenses increased by 240.43% to ¥48,688,463.12 due to the new leasing standards[8]. - The company incurred financial expenses of 48,688,463.12, a significant increase from 14,301,871.19 in the previous period[22]. - Research and development expenses increased to 87,490,462.53 from 85,169,854.80, reflecting a focus on innovation[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,984[10]. - The company has not yet audited its third-quarter report for 2021[31].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,183,497,354.73, representing a 30.53% increase compared to ¥1,672,794,703.27 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was -¥91,798,026.19, a decrease of 298.93% from ¥46,146,889.58 in the previous year[22]. - The basic earnings per share for the reporting period was -¥0.1002, a decline of 298.81% from ¥0.0504 in the same period last year[22]. - The total operating revenue for the reporting period was CNY 2,183,497,354.73, representing a year-on-year increase of 30.53% compared to CNY 1,672,794,703.27[44]. - The company reported a net loss of CNY 2,426,972,044.63, compared to a loss of CNY 2,334,811,696.00 in the previous period[125]. - The total comprehensive income for the first half of 2021 was a loss of CNY 95,717,461.56, compared to a profit of CNY 40,389,390.49 in the same period of 2020[131]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥71,574,491.06, a 73.35% increase compared to -¥268,593,372.94 in the same period last year[22]. - Cash and cash equivalents decreased by 95.96% to CNY -294,940,180.49, reflecting increased rental payments and accounts receivable[45]. - The ending balance of cash and cash equivalents was 445,177,881.75 CNY, down from 843,949,576.67 CNY at the end of the previous period[138]. - Total cash inflow from operating activities was 1,999,676,082.09 CNY, while cash outflow was 2,071,250,573.15 CNY, resulting in a net cash flow deficit[138]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,645,060,744.77, marking a 35.80% increase from ¥3,420,554,346.39 at the end of the previous year[22]. - The total liabilities included CNY 983,810,925.05 in lease liabilities recognized under new leasing standards, accounting for 21.18% of total liabilities[51]. - The company's total liabilities reached CNY 2,476,750,224.71, up from CNY 1,154,229,255.40, indicating a significant increase of approximately 114%[124]. Business Operations - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future growth prospects[29]. - The asphalt business has become highly competitive, with domestic and international companies actively participating in the market, enhancing the need for innovation and quality[32]. - The real estate intermediary service business is experiencing significant growth opportunities as the industry consolidates and shifts towards a focus on existing home transactions[31]. Investments and R&D - The company plans to enhance its market expansion strategies, focusing on new product development and technological advancements in the upcoming quarters[144]. - The company is committed to increasing its investment in research and development to drive innovation and improve product quality[144]. - Research and development expenses were CNY 46,570,336.03, slightly down from CNY 47,827,593.42 in the first half of 2020[130]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The total number of shares is 916,325,201, with 99.96% being unrestricted shares[108]. - The largest shareholder, Guochuang High-tech Industrial Group Co., Ltd., held 27.71% of shares, totaling 253,873,105 shares, with a decrease of 10,864,000 shares during the reporting period[110]. Regulatory and Compliance - The company received a regulatory decision requiring corrective measures due to non-compliance with disclosure obligations, which have since been rectified[88]. - The financial statements are prepared based on the going concern assumption, indicating no significant issues affecting the company's ability to continue operations for at least 12 months[170]. - The financial reports comply with the relevant accounting standards and accurately reflect the financial position and performance as of June 30, 2021[172]. Risk Management - The company faced various risks as detailed in the management discussion, which may impact future performance[6]. - The company aims to enhance its management of accounts receivable to mitigate risks associated with sales revenue growth and ensure efficient collection[69]. - The company is exposed to raw material price fluctuations, particularly in asphalt procurement, which is influenced by international oil prices[69].

Revenue and Profitability - The company's revenue for Q1 2021 was ¥940,971,687.48, representing a 47.22% increase compared to ¥639,139,343.51 in the same period last year[9] - The net profit attributable to shareholders was -¥91,463,955.94, a significant decline of 3,841.18% from -¥753,545.83 in the previous year[9] - Operating revenue rose by 47.22% to $940.97 million, attributed to normal business operations recovering from the pandemic[17] - The company reported a net operating loss of CNY -96,976,119.88 for Q1 2021, compared to a profit of CNY 5,724,361.54 in Q1 2020[43] - The total comprehensive income for the first quarter was a loss of CNY 93,784,682.19, compared to a loss of CNY 3,020,736.62 in the same period last year[44] Cash Flow and Financial Activities - The net cash flow from operating activities improved to -¥22,439,291.92, a 94.16% increase from -¥384,426,833.38 year-on-year[9] - Net cash flow from operating activities was -12,672,485.75 yuan, an improvement from -136,326,491.31 yuan in the previous period[55] - Cash inflow from operating activities totaled 286,348,161.35 yuan, compared to 163,673,851.75 yuan in the prior period, indicating a 74.8% increase[54] - The net cash flow from investing activities was 29,106,791.08 yuan, a significant recovery from -13,437,242.89 yuan in the previous period[55] - The net cash flow from financing activities decreased by 266.15% to -$167.49 million, driven by increased loan repayments and interest payments[17] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,339,350,268.76, up 26.86% from ¥3,420,554,346.39 at the end of the previous year[9] - The company's total assets decreased to CNY 4,339,350,268.76 from CNY 3,420,554,346.39, a decline of 21.1%[36] - Total liabilities rose to CNY 2,166,809,859.96 from CNY 1,154,229,255.40, an increase of 88.0%[36] - The total assets increased from 3,420,554,346.39 yuan to 4,458,413,764.66 yuan, reflecting a growth of approximately 30.4%[57] - Total liabilities were CNY 735,924,196.54, with current liabilities at CNY 735,924,196.54 and no non-current liabilities reported[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,057[13] - The largest shareholder, Guochuang High-tech Industrial Group Co., Ltd., held 27.71% of the shares, amounting to 253,873,105 shares[13] Research and Development - Research and development expenses grew by 56.33% to $24.15 million, indicating increased investment in R&D activities[17] - Research and development expenses increased to CNY 24,150,747.36 from CNY 15,448,306.89, an increase of 56.0%[43] Financial Management and Compliance - The company has established a comprehensive internal control system for commodity futures hedging to mitigate risks associated with market fluctuations[24] - The independent directors confirmed that the company's hedging activities comply with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders[24] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[27] Accounting and Reporting - The first quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[61] - The report was presented by Chairman Wang Xin on April 29, 2021, indicating a formal communication of financial performance[62]