证券代码：002431 证券简称：棕榈股份 公告编号：2022-050 棕榈生态城镇发展股份有限公司 关于参加河南辖区上市公司 2022 年投资者网上集体接待日 活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，棕榈生态城镇发展股份有限公司（以下 简称"公司"）定于 2022 年 5 月 30 日 (周一)15:30-17:00 参加在全景网举办 的 "真诚沟通 传递价值"河南辖区上市公司 2022 年投资者网上集体接待日活 动,本次活动将采用网络远程的方式举行,投资者可登录 "全景·路演天下 " (http://rs.p5w.net)参与本次互动交流。 出席本次网上集体接待日活动的人员有:公司董事长汪耿超先生、财务总监 张其亚先生、董事会秘书陈思思女士。 为充分尊重投资者、提升交流的针对性，现就2022年投资者网上集体接待日 提前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2022 年5月29日（星期日）下午17：00 前访问 http://ir.p5w.net/zj/，或扫描下方 二维码，进入问题 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase compared to the previous year[14]. - The company's operating revenue for 2021 was ¥4,045,893,458.39, a decrease of 16.08% compared to ¥4,821,153,800.69 in 2020[21]. - The net profit attributable to shareholders was -¥754,098,535.96 in 2021, representing a decline of 1,804.48% from a profit of ¥44,242,110.89 in 2020[21]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year, representing a growth of 15% compared to the previous year[157]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 15%[187]. - The company reported a total revenue of approximately 2.31 billion CNY, with a net loss of around 314.77 million CNY for the period[126]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 15%[192]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year increase of 12%[195]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a 20% increase in market share[14]. - The company is focusing on expanding its national presence while maintaining a strong base in Henan province[135]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2023[190]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[193]. - The company is actively pursuing mixed-ownership reform to enhance its overall strength, leveraging the advantages of its state-owned controlling shareholder[35]. - A strategic acquisition of a local competitor is anticipated to enhance the company's market position and is expected to close by Q2 2022[190]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 300 million RMB for potential deals[192]. - The company is considering strategic acquisitions to enhance its service offerings, targeting a 5% increase in market penetration through these acquisitions[196]. Research and Development - Research and development expenses increased by 25% to RMB 150 million, focusing on sustainable urban development technologies[14]. - The company has established a research and development platform in Henan Province, receiving approval for "Zhengzhou Science and Technology Enterprise" and "Zhengzhou Engineering Technology Research Center" in 2021[84]. - R&D investment rose by 14.24% to approximately ¥191.56 million in 2021, representing 4.73% of operating revenue, up from 3.48% in 2020[85]. - The company has 26 R&D projects in 2021, with 6 new projects focusing on ecological protection and urban landscape standards[82]. - Research and development investment increased by 25% in 2021, totaling 200 million RMB, aimed at innovative urban development solutions[187]. - The company is investing 200 million RMB in R&D for new technologies aimed at sustainable urban development over the next three years[196]. Operational Efficiency and Cost Management - The company has implemented a new technology platform aimed at improving operational efficiency, expected to reduce costs by 10% annually[163]. - The gross profit margin for landscape engineering was reported at 8.37%, down from the previous year by 6.72%[64]. - The gross margin improved to 35%, up from 30% in the previous year, indicating better cost management[193]. - The company will improve cash flow management and enhance funding efficiency to address operational pressures in the capital-intensive landscaping industry[151]. - Cost budget management will be fully implemented in 2022, with a focus on independent budget preparation and comprehensive cost control[141]. Shareholder and Governance - No cash dividends or stock bonuses will be distributed to shareholders for the year 2021[7]. - The board has approved a dividend payout of 0.5 RMB per share, reflecting a commitment to returning value to shareholders[190]. - The company has established a robust internal control system, ensuring compliance with regulatory requirements and enhancing governance standards[165]. - The company held a total of eight temporary shareholder meetings in 2021, with participation rates ranging from 22.81% to 35.98%[170][171][172]. - The company experienced changes in its board, with Vice Chairman Pan Xiaolin and CFO Ma Min resigning due to personal reasons[175]. - The total compensation for the current management team amounts to 38,204,910[175]. Risks and Challenges - The management highlighted risks related to market fluctuations and regulatory changes, emphasizing the need for strategic adaptability[6]. - The company faces risks from macroeconomic changes, increased competition, and rising accounts receivable, necessitating proactive management and innovation[146][147]. - The company will implement measures to mitigate risks from natural disasters affecting project construction, ensuring safety and operational continuity[152]. Sustainability and Corporate Responsibility - The company has committed to sustainable practices, aiming for a 50% reduction in carbon emissions by 2025 as part of its corporate social responsibility strategy[166]. - The company is committed to promoting the integration of culture and tourism through its ecological town model, particularly in the context of red tourism[136].

Financial Performance - The company's operating revenue for Q1 2022 was ¥553,032,268.37, representing a 58.62% increase compared to ¥348,655,801.35 in the same period last year[4] - The net profit attributable to shareholders was -¥187,605,245.97, a decrease of 31.57% from -¥142,589,008.50 year-on-year[4] - The net loss for the current period was ¥196,564,618.04, compared to a net loss of ¥142,035,693.77 in the previous period, indicating a deterioration in financial performance[23] - Basic and diluted earnings per share were both reported at -0.13, compared to -0.10 in the previous period, indicating a worsening in earnings performance[24] Cash Flow - The net cash flow from operating activities increased by 119.81%, reaching ¥22,543,072.83, compared to -¥113,814,230.53 in the previous year[4] - Operating cash inflow for the current period reached ¥1,492,110,689.78, an increase of 21.7% compared to ¥1,226,411,351.25 in the previous period[26] - Cash inflow from financing activities amounted to ¥1,570,093,222.98, compared to ¥1,393,423,669.49 in the previous period, leading to a net cash inflow of ¥407,886,658.00[27] - The ending cash and cash equivalents balance increased to ¥619,982,089.11 from ¥285,372,132.42 in the previous period[27] - The company reported a cash balance of ¥960,441,296.50 as of March 31, 2022, an increase from ¥631,763,191.39 at the beginning of the year, reflecting a growth of approximately 52%[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥17,563,439,849.13, a slight decrease of 0.67% from ¥17,681,727,368.47 at the end of the previous year[4] - The total liabilities amounted to ¥13,815,359,345.05, slightly up from ¥13,736,515,232.46, showing an increase of approximately 0.6%[20] - The company's total equity attributable to shareholders decreased by 4.96%, from ¥3,800,567,975.74 to ¥3,611,895,715.88[4] Investment and Expenses - Research and development expenses grew by 31.70%, reflecting increased investment in innovation aligned with revenue growth[9] - The company's investment income decreased by 55.28%, primarily due to reduced equity method investment returns compared to the previous year[9] - The company reported an investment loss of ¥42,354,459.92, which is higher than the loss of ¥27,276,024.28 from the previous period[23] - Total operating costs increased to ¥689,012,387.91 from ¥487,387,782.09, reflecting a rise of about 41.3%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 74,368[12] - The company has a total of 194,731,418 shares held by its largest shareholder, accounting for 13.10% of total shares[13] - The second-largest shareholder holds 176,323,702 shares, representing 11.86% of total shares[13] - The company has not disclosed any known relationships or concerted actions among its top shareholders[13] Corporate Governance - The company has appointed a new chairman, Wang Gengchao, following the resignation of the previous chairman[14] - The company is currently in the process of a non-public stock issuance, which is still under review by the China Securities Regulatory Commission[15] Other Financial Metrics - Other comprehensive income after tax for the current period was -¥1,067,013.89, compared to a gain of ¥1,309,370.25 in the previous period, indicating a significant shift in comprehensive income[23] - Cash outflow from investment activities totaled ¥189,432,876.40, up from ¥56,468,562.52 in the previous period, resulting in a net cash outflow of ¥82,074,898.38[27] - Cash paid for the acquisition of fixed assets and other long-term assets was ¥16,740,845.84, significantly higher than ¥4,768,787.03 in the previous period[27] - The first quarter report was not audited, indicating that the financial data may be subject to further review[28]

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,100,775,209.79, a decrease of 43.17% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥18,086,728.11, down 10.98% year-on-year, while the net profit excluding non-recurring items increased by 33.46% to ¥17,632,817.70[3]. - Total operating revenue for the current period reached ¥3,869,742,901.49, an increase of 5.3% compared to ¥3,675,288,961.64 in the previous period[23]. - Net profit for the current period was ¥26,057,035.32, down from ¥30,700,012.62, representing a decrease of 15.5%[24]. - Operating profit for the current period was ¥27,842,673.56, compared to ¥20,390,878.98 in the previous period, indicating a growth of 36.1%[24]. - Basic earnings per share decreased to ¥0.02 from ¥0.03, reflecting a decline of 33.3%[25]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥18,210,950,271.04, reflecting a growth of 10.68% compared to the end of the previous year[4]. - The total liabilities increased to RMB 13.45 billion from RMB 11.72 billion, marking an increase of approximately 14.7%[21]. - The company's total equity attributable to shareholders increased by 0.67% to ¥4,591,605,556.36[4]. - The company's equity attributable to shareholders rose to RMB 4.59 billion from RMB 4.56 billion, a slight increase of about 0.9%[21]. - The total current assets amounted to CNY 10,856,724,769.17, with an adjustment of CNY 1,139,705.23[32]. - The total non-current assets increased to CNY 5,609,925,278.38, with an adjustment of CNY 11,907,898.12[32]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥275,687,626.27, a decrease of 21.08% year-to-date[3]. - Cash flow from operating activities showed a net outflow of ¥275,687,626.27, worsening from a net outflow of ¥227,699,555.29 in the previous period[28]. - Cash flow from investing activities resulted in a net outflow of ¥145,651,549.77, compared to a net outflow of ¥105,352,936.45 previously[28]. - Cash flow from financing activities generated a net inflow of ¥169,911,837.04, a recovery from a net outflow of ¥351,165,122.24 in the previous period[29]. - The ending cash and cash equivalents balance was ¥442,254,626.06, an increase from ¥338,701,487.97 at the end of the previous period[29]. Research and Development - Research and development expenses increased by 53.03% compared to the same period last year, indicating a focus on innovation[10]. - Research and development expenses increased significantly to ¥131,433,130.30 from ¥85,888,691.23, marking a rise of 53.1%[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 62,605[14]. Adjustments and Standards - The company implemented the new leasing standard effective January 1, 2021, which required adjustments to financial statement items[34]. - The total assets as of January 1, 2021, were adjusted to CNY 16,466,650,047.55, reflecting an increase of CNY 13,047,603.35 due to the new leasing standard[34]. - The total liabilities as of January 1, 2021, were CNY 11,735,621,607.98, reflecting an increase of CNY 13,047,603.35 due to the new leasing standard[34]. Other Financial Metrics - The weighted average return on equity was 0.40%, down 0.04% from the previous year[4]. - The company experienced a 38.25% decrease in net cash flow from investing activities compared to the same period last year[12]. - The company's cash and cash equivalents decreased to RMB 854.87 million from RMB 987.65 million, a decline of approximately 13.4%[19]. - The accounts receivable decreased to RMB 2.13 billion from RMB 2.58 billion, reflecting a reduction of about 17.5%[19]. - The inventory increased to RMB 1.14 billion from RMB 1.01 billion, reflecting a growth of about 12.9%[20]. - The company reported a decrease in short-term borrowings to RMB 1.90 billion from RMB 2.48 billion, a decline of approximately 23.4%[21].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,768,967,691.70, representing a 59.30% increase compared to CNY 1,738,180,222.26 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 44.34% to CNY 15,739,189.77 from CNY 28,276,446.02 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,288,247.47, a significant turnaround from a loss of CNY 154,092,878.79 in the same period last year, marking an increase of 108.62%[22]. - The net cash flow from operating activities increased by 214.54% to CNY 35,608,644.02, compared to CNY 11,320,818.14 in the previous year[22]. - Total operating revenue for the period reached CNY 2,768,967,691.70, representing a year-on-year increase of 59.30% from CNY 1,738,180,222.26[53]. - The landscaping construction segment generated CNY 2,464,962,389.72, accounting for 89.02% of total revenue, with an impressive growth of 81.13% compared to the previous year[54]. - The company reported a significant decline in product sales, which fell by 68.18% to CNY 6,741,061.59 from CNY 21,183,096.04 in the same period last year[53]. - The company reported a net profit of 7,806,495.16 yuan for the first half of 2021, indicating a positive performance compared to the prior period[187]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,772,703,616.39, an increase of 8.02% from CNY 16,453,602,444.20 at the end of the previous year[22]. - The company's total liabilities as of the end of the first half of 2021 amounted to CNY 12,748,290,626.98, an increase from CNY 11,423,395,161.78 at the end of the first half of 2020[165]. - The total equity of the company was CNY 4,577,444,167.00, slightly up from CNY 4,573,166,570.63 in the previous year[165]. - The company's total equity increased to CNY 4,745,840,119.09 from CNY 4,731,028,439.57, reflecting a growth of approximately 0.3%[160]. - The total liabilities amounted to CNY 13,026,863,497.30, compared to CNY 11,722,574,004.63, showing an increase of approximately 11.2%[160]. Earnings and Profitability - Basic earnings per share decreased by 50.00% to CNY 0.01 from CNY 0.02 in the previous year[22]. - The weighted average return on net assets was 0.34%, down from 0.62% in the previous year, a decrease of 0.28%[22]. - The company reported a significant increase in user data and engagement metrics, although specific figures were not disclosed in the summary[75]. - The total comprehensive income for the first half of 2021 was CNY 4,277,596.37, compared to a total comprehensive loss of CNY 120,224,102.00 in the same period of 2020[173]. Investments and R&D - The company's R&D investment increased by 93.06% to ¥75,028,227.12 from ¥38,863,243.02, reflecting the growth in business volume[51]. - Research and development expenses for the first half of 2021 were CNY 75,028,227.12, which is a 92.6% increase from CNY 38,863,243.02 in the first half of 2020[166]. - The company is actively pursuing long-term investments in urban development projects, as indicated by its recent equity investments[67]. Operational Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[168]. - The company is focusing on optimizing its business structure and enhancing its technological innovation capabilities to adapt to the evolving macroeconomic environment and industry policies[77]. - The company is enhancing its internal control system and has successfully implemented information platforms to improve management efficiency[38]. - The company has established a comprehensive "planning-design-construction" integrated platform, enhancing its competitive edge in the construction industry[42]. Market and Competition - The company is facing risks from intensified market competition in its traditional ecological environment business, with increasing accounts receivable and pressure on cash flow, necessitating structural reforms and improved internal controls[78]. - The ongoing COVID-19 pandemic has led to a decrease in visitor numbers and operational income for existing ecological town projects, prompting the company to enhance market promotion and service quality to mitigate impacts[79]. - The company is aligned with national policies promoting ecological civilization and urbanization, creating significant opportunities for growth in its industry[36]. Corporate Governance and Compliance - The company has not faced any administrative penalties for environmental issues during the reporting period[92]. - There were no significant lawsuits or arbitration matters during the reporting period[105]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[100]. - The semi-annual financial report has not been audited[102]. Shareholder Information - The total number of shares is 1,486,985,450, with 98.07% being unrestricted shares[135]. - The largest shareholder, Henan Provincial Yuzi Guarantee Housing Management Operation Co., Ltd., holds 13.10% of the shares, totaling 194,731,418 shares[137]. - The company has not reported any significant changes in shareholding structure or major events related to subsidiaries[132]. Social Responsibility - The company donated CNY 385,000 through its public welfare foundation for various charitable activities in the first half of 2021[96]. - The company donated CNY 370,000 worth of supplies to support rescue efforts during severe flooding in Henan Province[96].

Financial Performance - The company's operating revenue for 2020 was approximately ¥4.82 billion, representing a 77.98% increase compared to ¥2.71 billion in 2019[26]. - The net profit attributable to shareholders in 2020 was approximately ¥44.24 million, a significant recovery from a net loss of ¥981.45 million in 2019, marking a 104.51% improvement[26]. - The net cash flow from operating activities improved to approximately ¥90.68 million in 2020, compared to a negative cash flow of ¥242.29 million in 2019, reflecting a 137.42% increase[26]. - The total assets at the end of 2020 were approximately ¥16.45 billion, a decrease of 4.31% from ¥17.20 billion at the end of 2019[26]. - The company's basic earnings per share for 2020 was ¥0.03, recovering from a loss of ¥0.66 per share in 2019[26]. - The weighted average return on equity for 2020 was 0.97%, a significant improvement from -19.40% in 2019[26]. - The company achieved a revenue of 4.821 billion yuan in 2020, representing a year-on-year growth of 77.98%[56]. - The net profit attributable to shareholders was 44.2421 million yuan, an increase of 104.51% compared to the previous year[56]. - The company's operating costs for 2020 reached CNY 3.87 billion, a 51.68% increase compared to CNY 2.55 billion in 2019[79]. Business Strategy and Development - The company plans to optimize its traditional ecological environment business structure to address increasing market competition and declining gross margins[10]. - The company is focusing on prudent management of existing PPP projects while exploring new opportunities in the PPP business model[10]. - The company’s strategic focus includes the development of smart urban construction as a core, with ecological towns and innovative businesses as supporting wings[13]. - The company has adjusted its business scope to include urbanization construction investment and ecological environment management, reflecting a strategic shift in operations[24]. - The company aims to enhance its operational capabilities in ecological towns by building a light asset operation platform, promoting a shift towards platformization and multi-point profitability[40]. - The company plans to raise up to ¥1.16 billion through a private placement of shares, aimed at enhancing working capital and reducing interest-bearing liabilities[61]. - The company plans to focus on ecological restoration, environmental governance, and integrated engineering contracting as part of its strategic transformation in response to industry trends[125]. - The company aims to enhance its core competitiveness by improving its capabilities in planning, design, engineering construction, and ecological protection[125]. - The company will continue to implement its "one body, two wings" development strategy, emphasizing smart urban construction and financial empowerment[126]. Risk Management and Governance - The company aims to enhance internal control management and improve information management levels to mitigate operational risks[13]. - The company is committed to strengthening its internal governance and risk management in response to its diversified business structure[13]. - The company has initiated 35 internal control systems to enhance governance and operational efficiency[61]. - The company will strengthen internal control systems and risk management to improve operational management levels[130]. - The company has established a management framework to ensure clear operational boundaries and enhance decision-making processes[130]. Market Conditions and Challenges - The company reported a significant impact from the COVID-19 pandemic, leading to a decrease in visitor numbers and operational revenue for its eco-town projects[12]. - The overall macroeconomic environment remains complex, with ongoing uncertainties affecting business operations[9]. Investments and Projects - The company secured over 20 major projects during the reporting period, with a total bid amount of approximately 15 billion yuan, providing strong support for operational performance[56]. - The company has cumulative investments of RMB 1.398 billion in various PPP projects as of the reporting period[172][174]. - The company won the bid for the "EPC General Contracting Project for 28 Provincial Poverty Alleviation Villages" with a total investment of CNY 560 million, achieving revenue of CNY 85.32 million by the end of the reporting period[176]. - The company signed a contract for the "Rainflower District Road Quality Improvement Project" with a contract amount of CNY 420 million, achieving revenue of CNY 230.76 million by the end of the reporting period[177]. Shareholder and Dividend Policies - The company will not distribute cash dividends or issue bonus shares for the fiscal year[7]. - The company has not proposed any cash dividends for the past three years, maintaining a policy of prioritizing cash dividends when feasible[134]. - The company committed to distributing no less than 30% of the average distributable profit over the last three years in cash dividends[144]. - The company plans to conduct cash dividends annually, subject to profitability and funding needs, with a minimum cash dividend ratio[144]. Related Party Transactions - The company reported a related party transaction amounting to 153,439.64 thousand yuan, which represents 40.56% of similar transactions[160]. - The total amount of related party transactions for the period was 159,017.55 thousand yuan, with an approved transaction limit of 200,000 thousand yuan[160]. - The company engaged in daily related party transactions primarily for construction services and other operational needs[160]. Research and Development - The company holds 2 authorized patents and 6 software copyrights, reflecting its commitment to research and development[60]. - The company invested CNY 167,676,512.02 in R&D in 2020, an increase of 47.71% compared to CNY 113,515,680.83 in 2019[91]. - The number of R&D personnel increased by 12.72% from 173 in 2019 to 195 in 2020, with R&D personnel accounting for 14.02% of the total workforce[91]. - The company plans to establish more R&D projects to support business development based on future needs and technological applications[90]. Compliance and Legal Matters - The company has no significant litigation or arbitration matters during the reporting period[158]. - There were no penalties or rectification measures during the reporting period[159]. - The company reported no violations regarding external guarantees during the reporting period[199].

Financial Performance - The company's operating revenue for 2020 was CNY 4,821,153,800.69, representing a 77.98% increase compared to CNY 2,708,825,167.13 in 2019[26]. - The net profit attributable to shareholders for 2020 was CNY 44,242,110.89, a significant recovery from a loss of CNY 981,450,344.87 in 2019, marking a 104.51% improvement[26]. - The net cash flow from operating activities for 2020 was CNY 90,676,356.39, a 137.42% increase from a negative cash flow of CNY 242,289,253.07 in 2019[26]. - The total assets at the end of 2020 were CNY 16,453,602,444.20, a decrease of 4.31% from CNY 17,195,137,922.78 at the end of 2019[26]. - The basic earnings per share for 2020 was CNY 0.03, recovering from a loss of CNY 0.66 per share in 2019, reflecting a 104.55% increase[26]. - The company reported a decrease in net assets attributable to shareholders, which stood at CNY 4,560,963,039.21 at the end of 2020, down 0.32% from CNY 4,575,543,757.64 in 2019[26]. - The company achieved a total revenue of ¥316,139,153.96, compared to ¥338,592,712.45 in the previous period, showing a decrease of approximately 7%[35]. - The company reported a government subsidy of ¥9,767,642.53, a decrease from ¥10,727,578.09 in the previous period, indicating a decline of approximately 9%[34]. - The company recognized an investment income of ¥76,636,333.11 from trading financial assets, which is a significant increase compared to ¥40,323,381.13 in the previous period, reflecting an increase of about 90%[34]. Business Strategy and Operations - The company plans to optimize its traditional ecological environment business structure to address increasing market competition and declining gross margins[10]. - The company is focusing on prudent management of existing PPP projects while exploring new opportunities in the PPP business model[10]. - The company emphasizes the importance of integrating resources to support the successful implementation of its PPP projects[10]. - The company’s strategic focus includes the development of smart urban construction and innovation in eco-town projects[13]. - The company has adjusted its business scope to include urbanization construction investment and ecological environment governance, reflecting a strategic shift in its operational focus[26]. - The company aims to enhance its operational capabilities through a light asset operation platform, promoting a shift towards platformization and multi-point profitability in its ecological town business[39]. - The company is actively expanding its business qualifications to enhance operational capabilities in various sectors[115]. - The company plans to deepen its operations in Henan and expand nationally, focusing on key economic zones such as the Yangtze River Delta and the Greater Bay Area[118]. - The company will continue to implement its "one body, two wings" development strategy, emphasizing smart urban construction and financial empowerment[116]. Risk Management and Governance - The company aims to enhance internal control management and improve information management levels to mitigate operational risks[13]. - The company is committed to strengthening its internal governance and risk management to adapt to its diversified business structure[13]. - The company has established a clear management boundary and operational framework to enhance internal control and compliance[120]. - The internal control system will be strengthened to improve management levels and risk prevention capabilities[120]. - The company has committed to ensuring that the sources of funds for its non-public offering are legitimate and lawful[132]. Social Responsibility and Community Engagement - The company actively engaged in social responsibility initiatives during the COVID-19 pandemic, including providing medical supplies and supporting healthcare workers[60]. - The company has committed to social responsibility initiatives, including targeted poverty alleviation efforts[196]. - The company invested a total of 24.32 million yuan in various poverty alleviation initiatives[199]. - The company provided financial aid of 13.08 million yuan to support 110 impoverished students[199]. - The company allocated 11.24 million yuan for targeted poverty alleviation efforts[199]. - In 2021, the company plans to continue its poverty alleviation initiatives through the Guangdong Palm Public Welfare Foundation[200]. Investment and Financing Activities - The company initiated a non-public offering of shares, with the controlling shareholder planning to subscribe for up to 350 million shares, raising no more than 1.16 billion yuan to supplement working capital and repay interest-bearing debts[58]. - The company reported a significant increase in investment amounting to 438,382,000.00 yuan, representing a 113.06% increase compared to the previous year[94]. - The company has cumulative investments of RMB 1.398 billion in various projects as of the reporting period[165]. - The total investment for a strategic cooperation project with Meizhou City is estimated at RMB 10 billion[165]. - The company has committed to invest ¥97.60 million in the Shejiang Park service support project, with a cumulative investment of ¥66.78 million, achieving a progress rate of 68.42%[106]. Related Party Transactions - The company reported a significant related party transaction amounting to RMB 153,439.64 million, which accounts for 40.56% of similar transaction amounts[151]. - The company engaged in related party transactions for the provision of construction services, with a total transaction amount of RMB 159,017.55 million during the reporting period[151]. - The company has no significant related party transactions that exceed the approved transaction amounts during the reporting period[151]. Compliance and Regulatory Matters - The company has confirmed that it will adhere to the relevant regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[131]. - The company has not faced any major litigation or arbitration matters during the reporting period[146]. - The company has not encountered any penalties or rectification issues during the reporting period[148].

Financial Performance - The company's operating revenue for Q1 2021 was ¥348,655,801.35, representing a 22.54% increase compared to ¥284,532,120.21 in the same period last year[7]. - The net profit attributable to shareholders was -¥142,589,008.50, an improvement of 36.70% from -¥225,253,581.89 year-on-year[7]. - The net cash flow from operating activities improved by 82.20%, reaching -¥113,814,230.53 compared to -¥639,392,404.68 in the previous year[7]. - The company's weighted average return on net assets was -3.18%, an improvement of 1.86% from -5.04% in the same period last year[7]. - The net profit for the first quarter was a loss of CNY 142,035,693.77, an improvement from a loss of CNY 239,227,256.14 in the same period last year[67]. - The company's total comprehensive income for the current period was a loss of ¥131,258,193.04, compared to a loss of ¥162,958,792.84 in the previous period[72]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 48.80% compared to the beginning of the year, primarily due to significant payments to suppliers during the reporting period[15]. - The net cash flow from financing activities decreased by 244.60% compared to the same period last year, primarily due to a reduction in cash received from borrowings[18]. - The total cash inflow from financing activities was ¥1,393,423,669.49, while cash outflow was ¥1,736,292,759.88, resulting in a net cash flow of negative ¥342,869,090.39[76]. - The net cash flow from investment activities was 31,277,966.21 CNY, a significant improvement compared to -165,531,757.64 CNY in the previous year[79]. - Cash and cash equivalents at the end of the period totaled 263,783,759.94 CNY, down from 474,510,336.38 CNY year-over-year[79]. Assets and Liabilities - Total assets at the end of the reporting period were ¥15,881,496,931.57, a decrease of 3.48% from ¥16,453,602,444.20 at the end of the previous year[7]. - The company's total liabilities were CNY 11.29 billion, down from CNY 11.72 billion, showing a decrease of around 3.7%[59][60]. - The equity attributable to shareholders decreased from CNY 4.56 billion to CNY 4.42 billion, a decline of approximately 3.1%[60]. - The company's current assets totaled CNY 10.47 billion, down from CNY 10.86 billion, indicating a decrease of about 3.6%[57][60]. - The total liabilities rose from 11,722,574,004.63 CNY to 11,734,349,623.79 CNY, reflecting changes in both current and non-current liabilities[83]. Investments and Projects - Cumulative revenue from the Zhengdong New District Longhu Ecological Greening Construction project reached 166.71 million yuan, with a contract amount of 175.26 million yuan[20]. - Cumulative investment in the Linyi City Shali River Phase II Comprehensive Management PPP project reached 1.45 billion yuan[20]. - The company secured a project contract for the "Xinglong County River Management Project (Phase I)" with a total investment budget of CNY 163 million, achieving revenue of CNY 86.41 million by the end of the reporting period[28]. - The company has a total project investment of CNY 6.6 billion for the "Hainan Palm Eco-Town Development Project," with a project company established to advance the project, but no revenue has been realized yet[32]. - The company has ongoing projects with a total estimated contract value of CNY 800 million for the "Kaifeng Yellow River Ecological Corridor Demonstration Project," achieving revenue of CNY 147.89 million by the end of the reporting period[38]. Research and Development - R&D expenses increased by 168.81% year-on-year, primarily due to a slowdown in R&D progress caused by the pandemic in the previous year[16]. - Research and development expenses increased significantly to CNY 35,622,041.58 from CNY 13,251,527.08, marking an increase of about 168%[66]. - Research and development expenses increased significantly to ¥32,547,736.33 from ¥11,075,236.28, reflecting a growth of approximately 194%[70]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 69,295[11]. - The company has not forecasted significant changes in net profit for the first half of 2021 compared to the previous year[50]. Compliance and Governance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[52]. - The company has no violations regarding external guarantees during the reporting period[51]. - There were no research, communication, or interview activities recorded during the reporting period[53]. - The company has not engaged in any entrusted financial management during the reporting period[50].

棕榈生态城镇发展股份有限公司 PALM ECO-TOWN DEVELOPMENT CO.,LTD. 2020年第三季度报告 股票简称：棕榈股份 股票代码：002431 披露时间：2020年10月27日 棕榈生态城镇发展股份有限公司 2020 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。 公司负责人林从孝、主管会计工作负责人马敏及会计机构负责人(会计主管 人员)王静声明：保证季度报告中财务报表的真实、准确、完整。 1 棕榈生态城镇发展股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 16,915,129,961.07 | 17,195,137,922.78 | | - ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,738,180,222.26, representing a 32.34% increase compared to ¥1,313,429,187.11 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached ¥28,276,446.02, a significant turnaround from a loss of ¥189,677,100.09 in the previous year, marking a 114.91% improvement[21]. - The net cash flow from operating activities was ¥11,320,818.14, compared to a negative cash flow of ¥334,301,409.76 in the same period last year, reflecting a 103.39% increase[21]. - Basic earnings per share improved to ¥0.02 from a loss of ¥0.13, indicating a 115.38% increase[21]. - The company achieved operating revenue of 1.738 billion yuan, a year-on-year increase of 32.34%[47]. - Net profit attributable to shareholders reached 28.28 million yuan, up 114.91% year-on-year[47]. - Operating cash flow net amount improved significantly to 11.32 million yuan, compared to a negative 334.30 million yuan in the previous year[48]. - The company reported a net profit of 12,032,927.28 CNY for the period[84]. - The company experienced a net loss of 7,847,298.83 CNY, indicating a challenging financial environment[84]. Assets and Liabilities - Total assets at the end of the reporting period were ¥16,271,114,709.39, down 5.37% from ¥17,195,137,922.78 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased slightly to ¥4,593,459,154.98, a 0.39% rise from ¥4,575,543,757.64 at the end of the previous year[21]. - Cash and cash equivalents at the end of the reporting period were ¥826,460,228.95, a decrease in proportion to total assets by 2.10% compared to the previous year[56]. - Accounts receivable increased to ¥1,719,541,394.23, representing 10.57% of total assets, up from 9.24% in the previous year[56]. - Inventory decreased significantly by 33.67% to ¥774,407,930.27, attributed to the new revenue recognition standards[56]. - The company reported a decrease in intangible assets by 1.00% to CNY 83,401,207.86, primarily due to the loss of control over subsidiaries[57]. - The company’s external guarantee balance as of June 30, 2020, was RMB 385.52 billion, representing 216.16% of net assets[190]. Business Strategy and Operations - The company aligns its business strategy with national policies such as the Belt and Road Initiative and urbanization efforts, ensuring a supportive regulatory environment[33]. - The company aims to implement a "one body, two wings" strategy, focusing on smart urban construction and ecological town projects[40]. - The ecological environment business has been a core focus for over 30 years, evolving into a comprehensive construction platform that includes planning, engineering, and maintenance services[29]. - The ecological town business has developed four main product lines: residential upgrades, cultural heritage, ecological agriculture, and tourism, enhancing the company's market position[30]. - The company has established a robust operational model for ecological towns, which includes project acquisition, construction support, industry introduction, and operational management[30]. - The company plans to continue expanding its market presence and developing new products and technologies in the upcoming periods[51]. Risks and Challenges - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential operational risks[6]. - The company anticipates significant uncertainties in the ecological town projects due to policy and financing factors[87]. - The company is facing risks from intensified market competition and declining gross margins in its traditional ecological environment business[88]. - The ongoing COVID-19 pandemic has led to reduced visitor numbers and operational income for existing ecological town projects[91]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[7]. - The company has fulfilled its commitments regarding share transfer restrictions and profit distribution as per the shareholder return plan[98]. - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal environment[102]. - The company has not undergone any bankruptcy reorganization during the reporting period, reflecting financial stability[101]. - The total number of ordinary shareholders at the end of the reporting period was 78,044[163]. - The company’s total share capital remained at 1,486,985,450 shares, with 91.79% being unrestricted shares[161]. Related Party Transactions - The company has engaged in related party transactions, with a total transaction amount of 36,133.82 million yuan for construction services, representing 26.55% of the approved transaction amount[107]. - The company plans to apply for a borrowing limit of up to RMB 1.5 billion from its controlling shareholder, which constitutes a related party transaction[112]. - The company agreed to transfer 70% equity of its wholly-owned subsidiary to a related party for a total price of RMB 38.67 million[115]. - The company has provided counter-guarantees for financing matters involving its controlling shareholder, amounting to RMB 3 billion[112]. Fundraising and Financial Management - The total amount of raised funds is CNY 995.40 million, with a net amount of CNY 975.96 million after deducting issuance costs[72]. - The company has established a three-party supervision agreement for the management and use of raised funds to protect investor rights[74]. - The company has not encountered any issues or other situations regarding the use and disclosure of raised funds[77]. - The company has committed to not distributing profits to shareholders if it anticipates being unable to repay bond principal and interest on time[185]. Environmental and Social Responsibility - The company is committed to promoting green development and sustainable urbanization in China[147]. - The company has a strategic plan for targeted poverty alleviation, focusing on improving the living conditions of disadvantaged groups[148]. - The company invested CNY 112,400 in poverty alleviation projects during the first half of 2020, benefiting 525 elderly individuals and over 300 children from disadvantaged families in Guangzhou and Meizhou[149]. - The company plans to continue its poverty alleviation efforts in 2020, focusing on educational support and medical assistance for underprivileged groups[152].