Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥945.31 million, a decrease of 32.60% compared to ¥1,402.47 million in the same period last year[19]. - The net profit attributable to shareholders was approximately ¥27.01 million, down 42.85% from ¥47.27 million year-on-year[19]. - Basic earnings per share decreased to ¥0.20, down 41.18% from ¥0.34 in the same period last year[19]. - The total operating revenue for the reporting period was CNY 945,306,589.09, a decrease of 32.60% compared to CNY 1,402,471,882.81 in the same period last year[48]. - Net profit for the period was CNY 2,673.54 million, down 42.21% year-on-year, reflecting reduced main business income[41]. - The total profit for the first half of 2020 was CNY 35.54 million, a decrease of 35.0% from CNY 54.67 million in the first half of 2019[192]. - The company reported a total comprehensive income of CNY 26.74 million for the first half of 2020, compared to CNY 46.26 million in the same period of 2019[192]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at approximately -¥251.80 million, a decline of 208.31% compared to ¥232.48 million in the previous year[19]. - The net cash flow from operating activities was -CNY 251.80 million for the first half of 2020, a significant decline from CNY 232.48 million in the first half of 2019[198]. - The net cash flow from financing activities was -120,622,026.59 CNY, an improvement from -399,389,684.31 CNY in the previous period[200]. - The company experienced a net decrease in cash and cash equivalents of -148,046,300.42 CNY, compared to -164,206,476.48 CNY in the previous period[200]. - The company received 1,107,057,250.94 CNY in cash from borrowings, an increase from 994,499,972.58 CNY in the previous period[200]. - The company paid 1,094,638,960.16 CNY in debt repayments, down from 1,274,014,455.59 CNY in the previous period[200]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥4.40 billion, a decrease of 3.76% from ¥4.57 billion at the end of the previous year[19]. - The company's total assets included CNY 578,490,630.38 in cash, representing 13.16% of total assets, an increase from 10.53% in the previous year[56]. - Total liabilities decreased by CNY 18,885.07 million, a reduction of 5.58%, mainly due to the payment of prior payables[41]. - The company's accounts receivable balance as of June 30, 2020, was 2,376.56 million yuan, with a bad debt provision of 373.24 million yuan, representing 45.57% of total assets[86]. - Current liabilities decreased to CNY 2.802 billion, down from CNY 3.045 billion at the end of the previous year[183]. Investment and R&D - R&D investment decreased by 40.52% to CNY 27,654,268.68, impacted by the COVID-19 pandemic[49]. - The company reported investment income of CNY 2,244.80 million, an increase of CNY 1,827.61 million year-on-year, attributed to prior equity investments[42]. - The company has invested CNY 11,143.86 million, or 63.12%, in the environmental building materials processing project[75]. Legal and Compliance - The company is involved in litigation with Xiamen Yuansheng, with a claimed amount of 62 million CNY, and the court has ordered repayment of the principal and interest[99]. - The company is actively managing its claims and has submitted its creditor's rights to the bankruptcy administrator for Xiamen Yuansheng[99]. - The company has been involved in multiple legal proceedings, reflecting ongoing disputes in its construction contracts[99]. - The company has not faced any major litigation or arbitration matters during the reporting period[98]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this period[6]. - The company held a board meeting on June 19, 2020, to discuss the 2020 restricted stock incentive plan[110]. - The company convened a shareholder meeting on July 20, 2020, to approve the 2020 restricted stock incentive plan[111]. - There were no significant related party transactions during the reporting period[113]. Market and Customer Relations - The company continues to focus on "large customer cooperation" to strengthen partnerships and expand its market presence[27]. - The top five customers accounted for 49.51% of the company's revenue, with the largest customer, China Evergrande Group, contributing 316.90 million yuan, or 33.52% of total revenue[87]. - The company is actively expanding its customer base beyond real estate to include sectors like sports venues and healthcare[88]. Risk Management - The company highlighted risks related to accounts receivable collection and reliance on major customers[5]. - The company has implemented measures to improve accounts receivable collection and enhance asset turnover[89]. - The company has implemented risk control measures across all stages of project management to enhance its risk resilience[28].

Financial Performance - The company's operating revenue for Q1 2020 was ¥378,495,394.72, a decrease of 43.17% compared to ¥666,044,348.56 in the same period last year[8] - The net profit attributable to shareholders for Q1 2020 was ¥4,802,596.98, down 85.38% from ¥32,839,221.06 in the previous year[8] - Basic earnings per share for Q1 2020 were ¥0.030, a decrease of 87.50% from ¥0.24 in the same period last year[8] - The company's operating revenue for Q1 2020 was approximately ¥378.50 million, a decrease of 43.17% compared to the same period last year due to the impact of COVID-19[18] - The net profit for Q1 2020 was CNY 4,526,907.94, a significant decline from CNY 32,607,946.57 in Q1 2019[40] - The total comprehensive income for the period was CNY 9,452,260.74, compared to CNY 37,589,760.75 in the previous year[44] Cash Flow - The net cash flow from operating activities was -¥172,839,184.79, representing a decline of 254.08% compared to ¥112,176,507.90 in the same period last year[8] - The company's cash flow from operating activities was negative at approximately -¥172.84 million, a decline of 254.08% compared to the same period last year, mainly due to increased procurement payments[18] - The company reported total operating cash inflows of 577,409,269.24 RMB, compared to 804,176,616.15 RMB in the same period last year, indicating a decline of approximately 28.2%[50] - The net cash flow from operating activities for the first quarter was -19,524,505.46 RMB, a significant decrease compared to 160,959,196.28 RMB in the previous period[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,120,164,104.23, down 9.80% from ¥4,567,743,406.88 at the end of the previous year[8] - The company's total assets as of March 31, 2020, were CNY 4,241,673,816.60, down from CNY 4,600,832,906.40 at the end of 2019[36] - Total liabilities decreased to CNY 2,972,307,298.55 in Q1 2020 from CNY 3,338,231,321.36 in Q4 2019[37] - The total liabilities of the company stood at 3,386,275,440.11 RMB, remaining unchanged from the previous period[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,732[12] - The largest shareholder, Liu Haiyun, holds 43.43% of the shares, with 44,870,000 shares pledged[12] - The total equity attributable to shareholders increased slightly to CNY 1,190,530,744.96 from CNY 1,188,415,475.71 in the previous quarter[33] Research and Development - Research and development expenses decreased by 49.54% to approximately ¥11.73 million, primarily due to reduced investment during the COVID-19 period[18] - The company reported a decrease in research and development expenses to CNY 11,727,905.06 from CNY 23,239,865.99 in Q1 2019[40] Investment Activities - The company reported a net loss in investment income of approximately -¥1.03 million, a decline of 133.91% compared to the previous year, primarily due to reduced investment returns from Zhejiang Lute Energy Technology Co., Ltd.[18] - The company completed the transfer of its investment in Suzhou Industrial Park Ruican Investment Enterprise for ¥200 million, significantly impacting its cash flow from investing activities, which was approximately ¥224.51 million[18] Government Support - The company received government subsidies amounting to ¥775,087.08 related to R&D support during the reporting period[9] Financial Standards - The company has implemented new revenue and leasing standards starting January 1, 2020, which has impacted the financial statements[52] - The company has implemented new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting[59] Audit Status - The first quarter report for 2020 was not audited, indicating a preliminary assessment of financial performance[59]

Financial Performance - The company's operating revenue for 2019 was CNY 3,014,873,284.15, representing a 1.73% increase from CNY 2,963,612,620.01 in 2018[17]. - The net profit attributable to shareholders decreased by 76.19% to CNY 21,955,318.63 from CNY 92,227,840.49 in the previous year[17]. - The net cash flow from operating activities significantly increased by 539.83% to CNY 399,963,045.33 compared to CNY 62,510,732.54 in 2018[17]. - The total assets at the end of 2019 were CNY 4,567,743,406.88, a 13.89% increase from CNY 4,010,510,869.28 at the end of 2018[17]. - The net assets attributable to shareholders decreased by 4.78% to CNY 1,188,415,475.71 from CNY 1,248,101,557.05 in 2018[17]. - The basic earnings per share dropped by 76.12% to CNY 0.16 from CNY 0.67 in the previous year[17]. - The weighted average return on equity decreased to 1.75% from 7.64% in 2018, a decline of 5.89%[17]. Cash Flow and Assets - The company's cash flow from operating activities increased, resulting in a cash balance of 682.51 million yuan at the end of the period, an increase of 83.98% compared to the end of 2018[31]. - Accounts receivable at the end of the period amounted to 2.2009 billion yuan, an increase of 36.10% from the end of 2018, due to changes in customer settlement methods[31]. - The company reported a significant increase in deferred tax assets, which rose by 74.89% to 82.01 million yuan, mainly due to increased impairment losses[32]. - Cash and cash equivalents increased to 682,512,455.02, representing 14.94% of total assets, due to higher net cash flow from operating activities[70]. - Accounts receivable rose to 2,200,928,826.01, making up 48.18% of total assets, due to changes in customer settlement methods[70]. Revenue Segmentation - The decoration engineering business accounted for 98.63% of total operating revenue, with a year-on-year growth of 2.43%[45]. - The residential decoration segment saw a revenue increase of 13.80%, contributing CNY 1,409.11 million to total revenue[46]. - The eastern region's revenue grew by 33.61% to CNY 574.84 million, while the northern region's revenue decreased by 48.48% to CNY 289.81 million[46]. Investment and R&D - The company maintained a high standard of R&D investment to support its status as a national high-tech enterprise[27]. - Research and development expenses for 2019 were ¥92,009,979.85, representing 3.05% of operating revenue, with no significant changes compared to the previous year[63]. - The number of R&D personnel decreased by 13.64% to 114, while the proportion of R&D personnel remained stable at 27.74%[63]. Customer and Supplier Relations - In 2019, the total revenue from the top five customers amounted to ¥1,299,331,939.43, accounting for 43.10% of the annual total sales[56]. - The total procurement amount from the top five suppliers was ¥779,270,552.83, accounting for 32.44% of the annual total procurement[59]. - The company continues to adopt a "big client cooperation" strategy to strengthen partnerships and establish new strategic collaborations[27]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.52 per 10 shares, based on a total of 138,040,000 shares[5]. - The cash dividend payout ratio for 2019 was 32.69% of the net profit attributable to ordinary shareholders[112]. - The company has maintained a consistent and stable profit distribution policy, ensuring compliance with regulations and protecting minority shareholders' rights[108]. Risk Management - The company faces risks from macroeconomic fluctuations and changes in real estate industry regulations, which could impact its business performance[96][97]. - The company plans to diversify its customer base by expanding into other sectors such as sports venues and healthcare to mitigate risks associated with the real estate cycle[102]. - The company implemented measures to enhance accounts receivable recovery and improve asset turnover through various strategies[103]. Corporate Governance and Compliance - The company has established a governance structure to protect shareholders' rights, ensuring fair information disclosure and communication with investors[155]. - The company has committed to avoiding related party transactions and has established protocols to ensure compliance with relevant laws and regulations[123]. - The company has implemented changes in accounting policies as per the new financial reporting standards issued by the Ministry of Finance[125]. Social Responsibility and Sustainability - The company actively participated in social responsibility initiatives, donating a total of 3.205 million CNY in 2019, including 800,000 CNY for COVID-19 relief efforts[160]. - The company emphasizes environmental protection and has been ISO 14001 certified since 2003, focusing on sustainable development[159]. Shareholder Commitments - The company has committed to repurchase all newly issued shares if there are false statements or significant omissions in the IPO prospectus, with the repurchase price not lower than the issuance price[116]. - The company will publicly apologize and compensate investors if it fails to fulfill its commitments regarding compensation measures[117]. - The company has established strict compliance with securities trading regulations for share reductions[120].

Financial Performance - Net profit attributable to shareholders increased by 3.96% to CNY 34,529,205.42 for the reporting period[8] - Operating income decreased by 2.00% to CNY 734,198,730.88 for the reporting period[8] - The company's total operating revenue for Q3 2019 was CNY 734,198,730.88, a decrease of 2.9% from CNY 749,170,374.33 in the same period last year[38] - Net profit for Q3 2019 reached CNY 34,256,450.70, representing a slight increase from CNY 33,175,023.07 in Q3 2018[40] - The net profit for the current period is ¥11,838,498.29, down 32.9% from ¥17,632,758.39 in the previous period[43] - The net profit attributable to the parent company is ¥81,794,407.33, compared to ¥78,561,590.76 in the previous period, showing an increase of 2.8%[47] Cash Flow - Net cash flow from operating activities increased significantly by 38.41% to CNY 97,098,230.14[8] - The net cash flow from operating activities increased by 243.91% to ¥329,573,850.48 compared to ¥95,830,510.08 in the previous period, attributed to improved project collections and external payment management[19] - The net cash flow from financing activities decreased by 52.80% to -¥495,996,088.68 from -¥324,596,221.67, primarily due to the repayment of part of the bank loans[19] - The operating cash flow for the period was CNY 329,573,850.48, significantly up from CNY 95,830,510.08 in the previous year, indicating improved cash generation[54] - The net cash flow from financing activities was negative at CNY -495,996,088.68, compared to CNY -324,596,221.67 in the previous year, indicating increased cash outflows[54] Assets and Liabilities - Total assets increased by 5.90% to CNY 4,247,145,613.58 compared to the end of the previous year[8] - Total liabilities increased to ¥2,933,670,848.87 from ¥2,767,669,070.01, reflecting higher short-term borrowings[32] - The company's equity attributable to shareholders increased to ¥1,320,007,658.50 from ¥1,248,101,557.05[33] - Total current liabilities reached CNY 2,745,650,698.79, with short-term borrowings at CNY 1,551,103,118.54[66] - The total liabilities amounted to CNY 2,783,150,698.79, while total equity was CNY 1,256,936,107.67[67] Income and Expenses - Other income increased by 5216.80% to CNY 3,721,760.60 primarily due to increased government subsidies[18] - Investment income rose by 38.90% to CNY 35,018,745.16 due to increased dividends from prior investments[18] - Research and development expenses surged to CNY 25,170,973.79, significantly higher than CNY 2,405,106.26 in the previous year[38] - The company reported a credit impairment loss of ¥37,519,393.72 for the current period, with no comparable figure in the previous period[42] - The company incurred a credit impairment loss of CNY 65,686,532.15, reflecting challenges in asset quality[50] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,069[12] - The company reported no overdue commitments or non-operating fund occupation by major shareholders during the reporting period[21] Financial Reporting Changes - The company has implemented new financial instrument standards and revenue recognition standards starting from 2019, affecting the financial reporting[59] - The company is implementing new financial instrument standards effective January 1, 2019, impacting the classification of certain financial assets[67] Miscellaneous - The company's chairman is Liu Haiyun, who provided the report on October 31, 2019[70]

证券代码：002789 证券简称：建艺集团 公告编号：2019-049 深圳市建艺装饰集团股份有限公司 关于参加 2019 年深圳上市公司投资者 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公告内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市建艺装饰集团股份有限公司 （以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共 同举办的"改革创新发展沟通互信共赢"——深圳辖区上市公司 2019 年度投资 者网上集体接待日主题活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2019 年 9 月 3 日 14:00 至 18:00。 届时公司的副总经理、董事会秘书高仲华先生及证券事务代表蔡晓君女士将 通过网络文字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告 深圳市建艺装饰集团股份有限公司董事会 2019 ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,402,471,882.81, representing a 5.22% increase compared to CNY 1,332,880,948.63 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 47,265,201.91, up by 4.23% from CNY 45,347,959.48 year-on-year[19]. - The net profit after deducting non-recurring gains and losses decreased by 7.46% to CNY 43,025,316.91 from CNY 46,495,030.82 in the previous year[19]. - The net cash flow from operating activities surged by 805.29% to CNY 232,475,620.34, compared to CNY 25,679,710.97 in the same period last year[19]. - Total operating revenue for the first half of 2019 reached CNY 1,402,471,882.81, an increase of 5.3% compared to CNY 1,332,880,948.63 in the same period of 2018[140]. - Net profit for the first half of 2019 was CNY 46,264,820.62, compared to CNY 45,153,431.23 in the previous year, indicating a growth of 2.5%[141]. - The company's total equity attributable to shareholders was ¥1,280,009,634.88 at the end of the first half of 2019, compared to ¥1,161,890,668.68 at the end of the first half of 2018, reflecting an increase of approximately 10.2%[156]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,159,999,041.05, an increase of 3.73% from CNY 4,010,510,869.28 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company rose by 3.06% to CNY 1,286,269,773.95 from CNY 1,248,101,557.05 at the end of the previous year[19]. - Total liabilities increased to CNY 2,879,989,406.17 from CNY 2,767,669,070.01, marking a rise of about 4%[133]. - The company's total assets reached CNY 4,159,999,041.05, up from CNY 4,010,510,869.28, which is an increase of approximately 3.7%[133]. - Short-term borrowings decreased to CNY 1,248,247,785.80 from CNY 1,564,103,118.54, a reduction of approximately 20.1%[132]. Revenue Breakdown - The revenue from the decoration engineering business was ¥1,382,389,629.27, accounting for 98.57% of total revenue, with a year-on-year growth of 4.96%[43]. - The public decoration segment generated ¥701,438,104.83, which is 50.01% of total revenue, showing a growth of 6.48% from the previous year[44]. - The residential decoration segment's revenue was ¥680,951,524.44, accounting for 48.55% of total revenue, with a year-on-year increase of 3.44%[43]. - Revenue from the top five customers accounted for 53.83%, with the largest customer, Evergrande Group, contributing 35.08% of total revenue[69]. Cash Flow Management - The net cash flow from operating activities was CNY 232,475,620.34, a significant increase from CNY 25,679,710.97 in the same period last year[150]. - The net cash flow from financing activities was negative at CNY -399,389,684.31, compared to CNY -36,495,788.98 in the same period last year[151]. - The company's cash flow from operating activities showed a strong recovery, highlighting improved operational efficiency and cash management strategies[153]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - Major shareholders have pledged to comply with regulations regarding share reduction, ensuring that any reduction will not occur below the IPO price and will be announced three trading days in advance[78]. - The company has established a commitment to ensure that any proceeds from share transfers by major shareholders will be returned to the company within three working days if commitments are not honored[78]. - The total number of shares outstanding is 138,040,000, with 56,819,242 shares under limited sale conditions, representing 41.16% of total shares[106]. Legal and Compliance Matters - There were no major litigation or arbitration matters during the reporting period[85]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[84]. - The company has not issued any non-standard audit reports in the previous year[83]. - The company has established a legal framework to protect its assets and ensure compliance with contractual obligations[90]. Strategic Initiatives - The company is recognized as a national high-tech enterprise and has multiple qualifications in construction and decoration engineering[26]. - The management is actively taking measures to adapt to new industry trends and respond to changes in domestic and international market demands[26]. - The company aims to improve customer structure by expanding into other industries such as sports venues and healthcare[70]. - The company is focused on developing new technologies and products to improve operational efficiency and service quality[180].

Financial Performance - The company's operating revenue for Q1 2019 was ¥666,044,348.56, representing a 7.55% increase compared to ¥619,289,784.02 in the same period last year[8]. - Net profit attributable to shareholders was ¥32,839,221.06, up 12.13% from ¥29,285,498.00 year-on-year[8]. - The basic earnings per share increased by 14.29% to ¥0.24 from ¥0.21[8]. - Total operating revenue for Q1 2019 was CNY 666,044,348.56, an increase of 7.5% compared to CNY 619,289,784.02 in the same period last year[34]. - Net profit for Q1 2019 reached CNY 32,607,946.57, representing a 12.5% increase from CNY 29,075,152.48 in Q1 2018[36]. - Basic and diluted earnings per share for Q1 2019 were both CNY 0.24, compared to CNY 0.21 in the same period last year[37]. - The net profit for the current period is ¥37,589,760.75, representing a 20.5% increase from ¥31,256,862.74 in the previous period[39]. - The operating profit for the current period is ¥44,223,247.94, which is a 14.3% increase from ¥38,513,659.22 in the previous period[39]. - The total comprehensive income for the current period is ¥37,589,760.75, compared to ¥31,256,862.74 in the previous period, marking a 20.5% increase[40]. - The company reported a total of CNY 39,241,433.76 in operating profit, up from CNY 36,331,948.96 in the previous year[36]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,882,678,401.64, a decrease of 3.19% from ¥4,010,510,869.28 at the end of the previous year[8]. - The company's current assets totaled CNY 2,740,524,788.85, down from CNY 2,865,457,439.02 at the end of 2018, reflecting a decline of approximately 4.36%[26]. - The company's total liabilities decreased to CNY 2,607,999,514.32 from CNY 2,767,669,070.01, a reduction of about 5.77%[28]. - Total assets decreased to CNY 3,931,586,303.44 from CNY 4,040,086,806.46 at the end of the previous period[33]. - Total liabilities decreased to CNY 2,637,831,293.54 from CNY 2,783,150,698.79 at the end of the previous period[33]. - The company's total current assets were 2,865,457,439.02 CNY, while total non-current assets were 1,145,053,430.26 CNY[50]. - The total equity attributable to shareholders was 1,248,101,557.05 CNY[51]. - The company reported a total of 1,564,103,118.54 CNY in short-term borrowings[50]. Cash Flow - The cash flow from operating activities was ¥112,176,507.90, a slight increase of 1.00% compared to ¥111,068,456.74[8]. - The net cash flow from operating activities is ¥112,176,507.90, slightly up from ¥111,068,456.74 in the previous period[43]. - The net cash flow from investment activities was 2,126,638.79 CNY, a decrease from -181,612,188.63 CNY in the previous period[47]. - The net cash flow from financing activities was -319,386,396.24 CNY, a significant decrease from 229,881,030.29 CNY in the previous period[47]. - The total cash and cash equivalents at the end of the period were 102,581,432.80 CNY, down from 585,614,802.30 CNY[47]. Debt and Borrowings - Long-term borrowings rose by 51.28% to ¥147,500,000.00 as part of the company's debt structure adjustment[17]. - Short-term borrowings decreased significantly to CNY 1,270,087,313.54 from CNY 1,564,103,118.54, a decrease of approximately 18.75%[27]. - The company raised 434,120,000.00 CNY from borrowings, compared to 730,000,000.00 CNY in the previous period[47]. - The company has a long-term loan of CNY 37,500,000.00, indicating a stable debt structure[54]. Government Support and Subsidies - The company received government subsidies amounting to ¥3,618,000.00, significantly increasing from ¥20,000.00 in the previous year, marking a 17990.00% rise[17]. Research and Development - Research and development expenses increased to CNY 23,239,865.99 from CNY 21,028,361.28, reflecting a focus on innovation[34]. - Research and development expenses increased to ¥23,239,865.99, up from ¥21,028,361.28, reflecting a growth of 10.5%[39]. Compliance and Governance - The company reported no overdue commitments or non-operating fund occupation by controlling shareholders during the reporting period[20][21]. - There were no violations regarding external guarantees during the reporting period[20]. - The company did not engage in any research, communication, or interview activities during the reporting period[22]. - The company has implemented new financial instrument standards, revenue standards, and lease standards[48]. - The report was presented by Chairman Liu Haiyun on April 26, 2019[56].

Financial Performance - The company's operating revenue for 2018 was CNY 2,963,612,620.01, representing a 21.21% increase compared to CNY 2,445,048,632.22 in 2017[16] - The net profit attributable to shareholders for 2018 was CNY 92,227,840.49, a slight increase of 0.84% from CNY 91,456,549.14 in 2017[16] - The net profit after deducting non-recurring gains and losses was CNY 89,806,863.95, showing a 0.14% increase from CNY 89,684,994.27 in 2017[16] - The net cash flow from operating activities was CNY 62,510,732.54, up 1.32% from CNY 61,694,825.01 in 2017[16] - The total assets at the end of 2018 were CNY 4,010,510,869.28, a 10.68% increase from CNY 3,623,526,897.62 at the end of 2017[18] - The net assets attributable to shareholders at the end of 2018 were CNY 1,248,101,557.05, reflecting a 7.04% increase from CNY 1,166,002,380.98 at the end of 2017[18] - The basic earnings per share for 2018 was CNY 0.67, a 1.52% increase from CNY 0.66 in 2017[16] - The diluted earnings per share for 2018 was also CNY 0.67, consistent with the basic earnings per share[16] - The weighted average return on equity for 2018 was 7.64%, down from 8.10% in 2017[16] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.68 per 10 shares, based on a total of 138,040,000 shares[5] - The cash dividend for 2018 was set at 0.68 yuan per 10 shares, totaling 9,386,720 yuan[103] - The cash dividend payout ratio for 2018 was 10.18% of the net profit attributable to ordinary shareholders[105] - The actual distributable profit for the year is 496,879,255.84 yuan, with the cash dividend representing 100% of the profit distribution[106] - The company has extracted 10% of the net profit as statutory reserve, amounting to 8,787,759.59 yuan, leaving a distributable profit of 79,089,836.27 yuan for the year[106] Construction Projects and Operations - The company's construction projects include public buildings such as office buildings, government agencies, star-rated hotels, and transportation infrastructure, with a focus on interior decoration services[27] - The company's in-progress construction projects increased to 100.0063 million yuan, a growth of 72.52% compared to the end of 2017, due to increased investment in the Jianyi Technology Industrial Park project[32] - The decoration engineering business accounted for 97.96% of total operating revenue, generating CNY 2,903,072.09 million, up 19.94% year-on-year[45] - The design business saw a significant increase of 117.96%, with revenue reaching CNY 37.13 million[45] - Public decoration revenue increased by 49.22% to CNY 1,664,807.19 million, while residential decoration revenue decreased by 5.09% to CNY 1,238,264.90 million[46] Accounts Receivable and Financial Management - Accounts receivable notes reached 610.3575 million yuan, an increase of 83.95% from the end of 2017, primarily due to more clients settling payments via commercial bills[32] - The company's accounts receivable increased by CNY 42.27 million, primarily due to business expansion and an increase in projects entering the settlement and warranty periods[42] - Accounts receivable stood at ¥1,617,193,434.79, accounting for 40.32% of total assets, showing a decrease of 3.14% compared to the previous year, indicating stability in line with the company's performance scale[69] - The accounts receivable turnover rate slightly improved from 1.74 to 1.86 times, but faces potential decline risks due to rapid growth[92] Research and Development - The company has increased its R&D personnel and investment, focusing on developing new technical standards for building decoration and renovation[29] - The total R&D investment for 2018 was ¥92,361,329.01, representing 3.12% of the operating revenue, with a 12.21% increase compared to 2017[64] - The number of R&D personnel increased by 97.01% from 67 in 2017 to 132 in 2018, making up 27.50% of the workforce[64] - The company’s research and development expenses amounted to CNY 82,308,796.53, reflecting ongoing investment in innovation[121] - The company has invested 50 million RMB in research and development for innovative building materials, aiming to launch new products by Q3 2024[195] Risk Management and Compliance - The company emphasizes risk control throughout project management, including project selection, settlement acceleration, and overall risk management strategies[29] - The company has maintained a strong quality management system, certified by ISO standards, ensuring compliance with national industry regulations[30] - The company has not encountered any major project quality issues during the reporting period[31] - The company committed to not occupying or using its assets and resources in any way that could harm the interests of shareholders[116] - The company has committed to avoiding related party transactions that could harm its interests and those of its shareholders[116] Shareholder and Management Information - The controlling shareholder, Liu Haiyun, holds 45.59% of the shares, amounting to 62,933,480 shares, with a pledge of 500,980 shares[176] - The total number of ordinary shareholders at the end of the reporting period is 13,625, down from 14,429 at the end of the previous month[171] - The company has a diverse board with members holding various professional backgrounds, including engineering, finance, and law[185][186] - The current management team has been in place since December 2015, with terms set to end in December 2018[185] - The company experienced a significant turnover in management, with Zhao Zhaoyu resigning as Vice General Manager on February 28, 2019, due to personal reasons[184] Future Outlook and Strategic Initiatives - The company has set a future outlook with a revenue target of 1.5 billion RMB for the next fiscal year, indicating a projected growth rate of 25%[194] - Market expansion plans include entering two new provinces, aiming to increase market share by 10% in the next year[194] - The company is exploring potential mergers and acquisitions to strengthen its market position, with a budget allocation of 200 million RMB for this purpose[195] - A new strategic initiative focuses on enhancing supply chain management, projected to reduce costs by 15% over the next two years[194] - The company plans to diversify its client base beyond real estate to mitigate cyclical risks[96]

Financial Performance - Operating revenue for the reporting period was ¥749,170,374.33, reflecting a year-on-year growth of 16.14%[8] - Net profit attributable to shareholders was ¥33,213,631.28, representing a 19.88% increase compared to the same period last year[8] - The weighted average return on net assets was 2.81%, an increase of 0.36% compared to the previous year[8] - The company expects a net profit attributable to shareholders for 2018 to range from ¥9,145.65 million to ¥12,803.91 million, representing a change of 0.00% to 40.00% compared to the previous year[23] - The anticipated profit increase is driven by business expansion and the overall environment of the construction industry[23] Cash Flow - The net cash flow from operating activities surged to ¥70,150,799.11, a significant increase of 1,547.62% year-on-year[8] - Cash flow from operating activities improved by 335.28% to ¥95,830,510.08, due to better sales collection compared to the previous year[21] - Cash flow from investing activities increased by 112.30% to ¥43,962,019.63, mainly from the redemption of principal from previous financial products and cash dividends[21] - Cash flow from financing activities decreased by 151.49% to -¥324,596,221.67, primarily due to the repayment of bank loans[21] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,660,539,042.76, an increase of 1.02% compared to the end of the previous year[8] - The company's cash and cash equivalents decreased by 42.67% to ¥249,868,806.07, primarily due to repayment of bank loans[17] - Accounts receivable increased by 31.63% to ¥438,200,553.90, attributed to an increase in bill settlement transactions with major clients[17] - Prepaid accounts increased by 124.97% to ¥94,392,868.48, driven by business growth and increased advance payments for materials[17] Expenditures and Expenses - The company reported a significant increase in development expenditures by 52.56% to ¥9,743,734.92, mainly due to increased investment in information technology development[17] - The company's tax and additional fees increased by 56.89% to ¥18,872,380.77 compared to the same period last year, primarily due to business growth[19] - Financial expenses rose by 44.54% to ¥86,242,762.55, attributed to changes in the market financing environment[19] - Asset impairment losses increased by 52.56% to ¥50,682,173.20, mainly due to business growth and an increase in accounts receivable[19] Investment Income - Investment income surged by 116.21% to ¥25,211,678.17, primarily from cash dividends received from Suzhou Industrial Park Ruican Investment Enterprise[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,901, with the largest shareholder holding 45.59% of the shares[12]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,332,880,948.63, representing a 16.61% increase compared to CNY 1,143,069,065.14 in the same period last year[18]. - The net profit attributable to shareholders was CNY 45,347,959.48, a 2.86% increase from CNY 44,085,195.98 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 46,495,030.82, up 4.87% from CNY 44,336,503.74 in the previous year[18]. - The net cash flow from operating activities improved significantly to CNY 25,679,710.97, a 171.56% increase from a negative CNY 35,883,767.82 in the same period last year[18]. - Total operating revenue for the period reached CNY 1,332,880,948.63, an increase of 16.6% compared to CNY 1,143,069,065.14 in the previous period[143]. - Net profit for the period was CNY 45,153,431.23, representing a growth of 2.7% from CNY 43,979,366.02 in the same period last year[144]. - Basic earnings per share increased to CNY 0.56, compared to CNY 0.54 in the previous period[145]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,770,402,586.00, reflecting a 4.05% increase from CNY 3,623,526,897.62 at the end of the previous year[18]. - Total liabilities increased to CNY 2,574,611,755.24 from CNY 2,461,636,228.94, representing an increase of about 4.58%[137]. - The company's equity attributable to shareholders increased to CNY 1,200,097,071.31 from CNY 1,166,002,380.98, reflecting a growth of about 2.92%[137]. - Total current assets increased to ¥2,806,327,347.37 from ¥2,676,523,465.01, reflecting a growth of approximately 4.84%[135]. - Accounts receivable rose to ¥1,406,206,531.52 from ¥1,574,916,387.90, indicating a decrease of about 10.69%[135]. - Total liabilities increased to CNY 2,624,014,650.92, compared to CNY 2,500,600,063.01 in the previous period[144]. Revenue Breakdown - The decoration engineering business accounted for ¥1,317,056,918.63, which is 98.81% of total revenue, with a year-on-year growth of 16.30%[47]. - Design business revenue surged by 124.03% to ¥15,086,300.70, driven by an increase in design project orders[50]. - Revenue from the southern region increased by 38.55% to ¥583,934,690.67, while the western region saw a significant rise of 68.29% to ¥299,750,336.20, attributed to market expansion efforts[50]. - Public building decoration business revenue accounted for 49.42% of total revenue, a decrease of 2.23% year-on-year[71]. - The company’s residential decoration business revenue accounted for 49.39% of total revenue, an increase of 1.96% year-on-year[72]. Cash Flow and Investments - Cash flow from operating activities was CNY 1,545,378,654.14, a rise from CNY 1,268,209,690.97 in the prior period[150]. - Cash outflow from investment activities was CNY 22,612,782.03, significantly lower than CNY 301,632,844.19 in the previous period[151]. - The company received CNY 1,109,172,000.00 in borrowings, a decrease from CNY 1,500,000,000.00 in the previous period[155]. - The company has invested CNY 95.22 million in the "Green Building Materials Production and Processing Project," which is 53.93% of the planned investment of CNY 176.56 million[61]. Shareholder Information - As of June 30, 2018, the total number of shares was 81,200,000, with 54.38% being restricted shares[110]. - Liu Haiyun held 36,989,000 shares, with 24,540,402 shares under pledge, representing 66.35% of his holdings and 30.22% of total shares[111]. - The top five customers contributed 62.29% of total revenue, with the largest customer, China Evergrande Group, generating 508.98 million RMB, or 38.19% of total revenue[75]. - The total number of common shareholders at the end of the reporting period is 13,961[116]. Operational Highlights - The company remains a top ten player in the Chinese construction decoration industry, maintaining a stable ranking despite industry adjustments[26]. - The company is classified as a national high-tech enterprise and continues to provide design and construction services for various public and residential buildings[26]. - The company has implemented a centralized procurement model to reduce material costs and enhance operational efficiency[27]. - The company has not encountered any major quality issues in its projects during the reporting period[31]. Future Outlook - The company expects net profit attributable to shareholders for the first three quarters of 2018 to be between CNY 71.79 million and CNY 100.51 million, representing a change of 0.00% to 40.00% compared to the same period in 2017[70]. - The company plans to improve customer structure by expanding into other industries such as healthcare and commercial real estate to mitigate risks associated with the real estate cycle[77]. - The company plans not to distribute cash dividends or issue bonus shares[6].