Dividend and Capital Management - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares (including tax) to all shareholders[4]. - The company will increase its capital reserve by converting 5 shares for every 10 shares held[4]. - The company plans to distribute cash dividends of approximately 54 million RMB for the 2019 fiscal year, with a proposed distribution of 3 RMB per 10 shares[139]. - The company has consistently maintained a cash dividend policy, distributing over 10% of the available profit each year since its listing[138]. - The profit distribution plan includes a cash dividend of CNY 3 per 10 shares (tax included) based on a total share capital of 180,002,965 shares as of December 31, 2019[144]. - The company plans to increase capital by 5 shares for every 10 shares held, with no bonus shares distributed[144]. - The remaining undistributed profits will be carried forward to the next fiscal year[144]. Financial Performance - The company's operating revenue for 2019 was ¥2,511,416,237.22, representing a 9.17% increase from ¥2,300,545,769.07 in 2018[18]. - The net profit attributable to shareholders for 2019 was ¥133,283,868.10, a 16.67% increase compared to ¥114,240,272.87 in 2018[18]. - The net cash flow from operating activities improved significantly to ¥159,836,725.87 in 2019 from a negative ¥23,924,646.71 in 2018, marking a change of -768.08%[18]. - The total assets at the end of 2019 were ¥3,422,701,650.41, which is a 23.34% increase from ¥2,774,995,591.49 at the end of 2018[19]. - The net assets attributable to shareholders increased by 15.94% to ¥1,624,329,887.70 at the end of 2019 from ¥1,401,034,179.82 at the end of 2018[19]. - The basic earnings per share for 2019 was ¥0.74, up 17.46% from ¥0.63 in 2018[18]. - The company achieved a revenue of CNY 2.511 billion in 2019, representing a year-on-year increase of 9.17%[78]. - The net profit attributable to shareholders was around CNY 133 million, reflecting a year-on-year growth of 16.67%[78]. Business Operations and Strategy - The company operates in the construction decoration industry, which is subject to fluctuations due to external economic factors[4]. - The company has a comprehensive business model that integrates design, construction, and supporting services[11]. - The company is committed to green decoration practices, focusing on low-carbon activities that enhance quality of life[11]. - The company aims to enhance its market share by adjusting its development strategy in response to national policies and industry trends[32]. - The "Belt and Road" initiative and the Guangdong-Hong Kong-Macao Greater Bay Area construction are expected to provide long-term benefits to the construction decoration industry[32]. - The company has established a project evaluation process involving multiple departments to assess project feasibility and risks before project initiation[44]. - The company has a diverse portfolio, providing services to over 50 international brands across Greater China, Southeast Asia, and Europe and the United States[63]. - The company has undertaken design projects in overseas markets such as Myanmar, Sri Lanka, the Philippines, and Vietnam, aligning with the national Belt and Road Initiative to create more business opportunities[68]. Risk Management - The company faces risks from policy adjustments in the real estate industry, rising labor costs, and management challenges due to rapid growth[4]. - The company emphasizes the importance of risk awareness regarding future plans and strategic developments[4]. - The company anticipates risks from macroeconomic fluctuations and the impact of the COVID-19 pandemic on the construction industry[131]. - The company aims to enhance its internal risk management mechanisms to mitigate challenges faced in overseas operations[134]. Research and Development - The company has increased its R&D personnel by 39.01% to 392, with R&D investment rising by 6.08% to ¥98,050,343.94, representing 3.90% of operating revenue[103]. - The company is focusing on increasing R&D investment to maintain its status as a high-tech enterprise and mitigate potential impacts from tax policy changes[134]. - The company is actively pursuing research and development in smart home technologies, as evidenced by the introduction of an indoor environment monitoring system[72]. - The company emphasizes technological research and development, holding 79 authorized patents, including utility models and invention patents, and has developed proprietary knowledge through various intellectual property rights[69]. Market Presence and Expansion - The company has set up branches in nearly 100 major cities across China, including Nanjing, Shanghai, and Beijing, improving its marketing network and local market penetration[68]. - The company plans to continue expanding its overseas market presence, having established subsidiaries in Hong Kong, Macau, and Southeast Asia[88]. - The company is focusing on the EPC model, which integrates design and construction, to improve project execution and client satisfaction[130]. - The company plans to expand its market presence in high-end public building decoration, targeting sectors such as luxury hotels and high-quality residential projects[128]. Awards and Recognition - Cheng Chung Design (CCD) ranked first in the Asia-Pacific region in the "2020 Global Interior Design Top 100" list and third globally in the "2019 Global Hotel Design Top 100" list[28]. - The company was recognized as one of the top 500 Asian brands by the World Brand Lab during the reporting period[28]. - The company has received multiple prestigious awards, including the A&D Trophy Awards 2019 for best residential design and the Gold Key Awards for luxury hotel design, highlighting its competitive edge in the industry[63]. - CCD was recognized as one of Asia's top 500 brands by the World Brand Lab, further solidifying its market position[64]. Corporate Governance - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure fair information disclosure[178]. - The company has a commitment to ensure that the entire set of documents for the initial public offering does not contain false records or omissions[147]. - The company has no non-operating fund occupation by major shareholders or related parties during the reporting period[149]. - The company has not initiated any poverty alleviation programs during the reporting period and has no plans for future initiatives[180].

Financial Performance - The company's operating revenue for Q1 2020 was ¥384,850,264.40, a decrease of 21.47% compared to ¥490,067,612.53 in the same period last year[8] - Net profit attributable to shareholders was ¥12,592,602.37, down 47.06% from ¥23,786,840.23 year-on-year[8] - Basic and diluted earnings per share were both ¥0.07, representing a decrease of 46.15% from ¥0.13 in the same period last year[8] - Operating revenue decreased by 21.47% to ¥384,850,264.40 from ¥490,067,612.53 due to the impact of the pandemic[17] - The net profit for Q1 2020 was CNY 14,287,906, down 37% from CNY 22,520,426 in Q1 2019[48] - The total comprehensive income for the period was CNY 14,287,906, a decrease of 37% from CNY 22,520,426 in the previous year[49] Cash Flow - The net cash flow from operating activities was -¥40,303,142.44, a significant decline of 16,800.12% compared to ¥241,334.48 in the previous year[8] - Net cash flow from operating activities dropped significantly by 16,800.12% to -¥40,303,142.44 from ¥241,334.48, primarily due to a decline in engineering revenue caused by the pandemic[18] - The cash flow from operating activities showed a net outflow of CNY 40,303,142.44, compared to a net inflow of CNY 241,334.48 in the same period last year[52] - The company reported a net decrease in cash and cash equivalents of -307,665,265.05 CNY for the quarter, compared to -95,297,012.33 CNY in the previous year[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,264,585,554.23, down 4.62% from ¥3,422,701,650.41 at the end of the previous year[8] - Total assets decreased to CNY 3,202,016,809.81 from CNY 3,333,276,492.41[39] - Total liabilities decreased to CNY 1,689,478,404.73 from CNY 1,837,302,697.79[40] - Current assets decreased to CNY 2,618,720,384.27 from CNY 2,748,977,359.97[37] - Total liabilities stood at 1,787,466,481.53 CNY, with no change from the previous year[60] Investments and Expenses - The company received government subsidies amounting to ¥3,253,192.61 during the reporting period[9] - Financial expenses increased by 209.40% to ¥9,690,696.23 from ¥3,132,096.29, attributed to the recognition of convertible bond interest[17] - Research and development expenses for Q1 2020 were CNY 16,951,197.16, slightly down from CNY 17,137,919.09 in the previous year[47] - The total cash outflow from investing activities was CNY 361,672,708.85, compared to CNY 4,154,261.46 in the same period last year, indicating a significant increase in investment activities[53] Equity and Shareholder Information - The company's net assets attributable to shareholders increased by 0.82% to ¥1,637,706,127.19 from ¥1,624,329,887.70 at the end of the previous year[8] - Total equity attributable to shareholders increased to CNY 1,637,706,127.19 from CNY 1,624,329,887.70[39] - The company granted 90,000 stock options to an incentive target at an exercise price of ¥15.19 per share as part of its stock option incentive plan[20] Regulatory and Operational Changes - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[57] - The company is focusing on improving cash flow management and reducing operational costs in response to the current financial challenges[56]

Financial Performance - Net profit attributable to shareholders was ¥43,717,461.02, reflecting a growth of 30.35% year-on-year[7] - Operating revenue for the period was ¥622,484,237.88, representing a 22.70% increase compared to the same period last year[7] - Basic earnings per share increased by 26.32% to ¥0.24, while diluted earnings per share rose by 36.84% to ¥0.26[7] - The company reported a net profit increase, with retained earnings rising to CNY 576,661,240.01 from CNY 520,065,396.46, an increase of approximately 10.9%[30] - Net profit for the current period was ¥43,020,478.89, representing a 28.25% increase from ¥33,532,449.70 in the previous period[38] - The total profit for the current period was ¥51,315,392.60, an increase of 28.73% from ¥39,792,258.93 in the previous period[38] - Net profit for the period was ¥95,773,681.67, representing a 21.7% increase from ¥78,719,861.38 in the same period last year[46] - The total profit for the period was ¥114,960,554.78, an increase from ¥92,266,941.41 in the prior period, marking a growth of 24.6%[46] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,251,807,601.50, an increase of 17.18% compared to the end of the previous year[7] - Current liabilities decreased to CNY 1,285,416,436.90 from CNY 1,344,383,727.93, a reduction of about 4.4%[29] - Non-current liabilities rose significantly to CNY 370,077,519.95 from CNY 29,612,858.97, indicating a substantial increase[29] - Owner's equity totaled CNY 1,596,313,644.65, compared to CNY 1,400,999,004.59, reflecting an increase of approximately 13.9%[30] - Total liabilities increased to CNY 1,655,493,956.85 from CNY 1,373,996,586.90, reflecting a growth of about 20.5%[29] - Total assets increased to CNY 3,251,807,601.50, up from CNY 2,774,995,591.49, representing a growth of approximately 17.1% year-over-year[28] Cash Flow - The net cash flow from operating activities was ¥83,072,015.88, showing a decrease of 9.51% compared to the previous year[7] - The net cash flow from operating activities improved significantly, reaching CNY 3,580,171.09, a turnaround from a negative CNY 36,402,007.35 in the previous year[15] - Operating cash inflow totaled CNY 1,705,186,642.80, an increase from CNY 1,535,872,357.72 in the previous period, reflecting a growth of approximately 11%[54] - Cash inflow from financing activities reached CNY 910,863,866.73, compared to CNY 436,933,765.80 in the previous period, marking an increase of over 108%[55] - The net increase in cash and cash equivalents for the period was CNY 147,791,643.90, contrasting with a decrease of CNY 196,321,296.15 in the prior period[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,805[11] - The largest shareholder, Shenzhen Yatai Yizhao Investment Co., Ltd., held 47.24% of the shares, amounting to 85,036,500 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Government Subsidies - The company received government subsidies amounting to ¥6,641,582.11 during the reporting period[8] - The company received government subsidies amounting to CNY 6,641,582.11, marking a 7822.43% increase compared to the previous year[15] Research and Development - Research and development expenses rose to ¥27,612,715.49, a 21.00% increase compared to ¥22,779,219.49 in the previous period[37] - Research and development expenses increased to ¥66,334,421.44, up 19.1% from ¥55,713,672.50 in the prior period[44] Financial Expenses - Financial expenses surged by 69.24% to CNY 31,202,731.77, primarily due to costs associated with issued bonds[15] - Financial expenses increased to ¥12,490,512.84, up 12.38% from ¥11,110,103.40 in the prior period, with interest expenses contributing significantly[37] - The company reported a significant increase in financial expenses, totaling ¥31,202,731.77, compared to ¥18,436,680.55 in the previous period, reflecting a rise of 69.0%[44] Investment Activities - The company has invested CNY 16,500,000 in bank wealth management products using idle raised funds, with no overdue amounts reported[23] - The company reported an investment loss of ¥35,861.13, contrasting with a gain of ¥329,095.89 in the previous period[37] - The company reported an investment income of ¥313,749.78, a decrease from ¥1,630,863.02 in the previous period[46] Audit and Reliability - The third quarter report was not audited, which may affect the reliability of the financial data presented[69]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,040,201,743.58, a decrease of 1.42% compared to CNY 1,055,180,321.84 in the same period last year[18]. - Net profit attributable to shareholders of the listed company increased by 17.25% to CNY 53,011,028.59, up from CNY 45,212,115.76 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 48,221,572.52, representing an increase of 8.72% compared to CNY 44,354,432.70 in the same period last year[18]. - The basic earnings per share rose by 20.00% to CNY 0.30, compared to CNY 0.25 in the previous year[18]. - The diluted earnings per share increased by 12.00% to CNY 0.28, compared to CNY 0.25 in the previous year[18]. - The company's net profit for the first half of 2019 was CNY 52,753,202.78, representing a 16.0% increase from CNY 45,187,411.68 in the first half of 2018[178]. - The total comprehensive income for the first half of 2019 was CNY 56.04 million, compared to CNY 42.40 million in the first half of 2018, marking an increase of approximately 32.2%[184]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,277,973,133.55, an increase of 18.13% from CNY 2,774,995,591.49 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 9.97% to CNY 1,540,707,555.48, compared to CNY 1,401,034,179.82 at the end of the previous year[18]. - Total liabilities reached CNY 1,727,717,292.44, compared to CNY 1,373,996,586.90, reflecting a growth of approximately 25.7%[170]. - The company's equity attributable to shareholders rose to CNY 1,540,707,555.48, compared to CNY 1,401,034,179.82, an increase of approximately 10%[170]. - The company's long-term borrowings decreased to CNY 17,638,051.26, accounting for 0.54% of total assets, down from 0.80% in the previous year[73]. Cash Flow - The net cash flow from operating activities was CNY -79,491,844.79, an improvement of 38.00% from CNY -128,204,834.94 in the same period last year[18]. - Cash and cash equivalents at the end of the reporting period amounted to RMB 811,297,192.5, representing 24.75% of total assets, an increase of 12.24% compared to the previous year[72]. - The cash flow from financing activities generated a net inflow of CNY 506.49 million in the first half of 2019, compared to CNY 96.69 million in the same period of 2018, showing a substantial increase of about 423.5%[188]. Business Operations - The company has expanded its business scope to include high-quality residential, high-end office buildings, luxury clubs, and commercial complexes[26]. - The company has implemented a quality management system certified by ISO standards, focusing on quality control throughout all business processes[40]. - The company emphasizes full-service delivery as a fundamental requirement, ensuring cost control, schedule adherence, and quality in project execution[50]. - The company is actively involved in the design standard development for major hotel brands, further solidifying its market position[45]. - The company is focusing on talent management and recruitment to ensure stable growth and mitigate risks associated with human resource management[104]. Market and Strategy - The domestic architectural decoration market remains stable, with a shift towards concentrated competition favoring quality enterprises[29]. - The "Belt and Road" initiative and the Guangdong-Hong Kong-Macao Greater Bay Area development are expected to provide long-term benefits to the industry[29]. - The company is actively expanding its business in regions like the Philippines, Vietnam, and Sri Lanka, in line with the "Belt and Road" initiative[61]. - The company is adjusting marketing and business strategies in response to a complex external environment and increasing domestic economic pressures[58]. Awards and Recognition - The company received multiple awards in 2019, including the A'Design Award for interior design, showcasing its competitive edge in the industry[46]. - The company has established a strong design brand, ChengChungDesign (CCD), which ranks third globally in hotel interior design, recognized by over 50 international brands and 60 outstanding real estate developers[45]. Legal and Compliance - The company is involved in a significant lawsuit with an amount of 60.92 million yuan, which has not formed an estimated liability[113]. - The company has ensured that all disclosed information regarding the use of raised funds is timely, truthful, accurate, and complete, with no violations in fund management[88]. - There were no bankruptcy reorganization matters during the reporting period[112].

证券代码：002811 证券简称：亚泰国际 公告编号：2019-058 债券代码：128066 债券简称：亚泰转债 深圳市亚泰国际建设股份有限公司 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工作，深圳市亚泰国际建设股份有限公司 （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兼董事会秘书王小颖女士、副总经理兼财务总监刘云贵 先生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。 ...

Financial Performance - The company's operating revenue for Q1 2019 was ¥490,067,612.53, representing an increase of 8.09% compared to ¥453,396,166.29 in the same period last year[7] - Net profit attributable to shareholders was ¥23,786,840.23, up 22.75% from ¥19,378,433.56 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥21,209,283.80, reflecting a 14.48% increase from ¥18,527,111.88 in the previous year[7] - Basic earnings per share rose to ¥0.13, an increase of 18.18% from ¥0.11 in the previous year[7] - The company's net profit for Q1 2019 was not explicitly stated, but the increase in retained earnings was CNY 22,520,426.16, from CNY 400,419,876.28 to CNY 422,940,302.44[30] - The net profit for Q1 2019 reached CNY 23,775,373.84, representing a growth of 22.4% from CNY 19,372,479.53 in Q1 2018[34] - The total profit for Q1 2019 was CNY 29,242,139.95, up from CNY 23,800,026.96 in the previous year, reflecting a growth of 22.7%[34] Cash Flow - The net cash flow from operating activities significantly decreased to ¥241,334.48, a decline of 99.44% compared to ¥43,170,889.84 in the same period last year[7] - Net cash flow from operating activities decreased by 99% to ¥241,334.48, mainly due to increased operating costs[14] - The net cash flow from operating activities for Q1 2019 was 9,596,927.62 CNY, a decrease of 79.5% compared to 46,529,258.15 CNY in the previous year[45] - Total cash inflow from operating activities was 566,293,139.33 CNY, down from 611,971,051.94 CNY, reflecting a decline of approximately 7.5%[45] - Cash outflow for purchasing goods and services was 422,285,692.26 CNY, compared to 479,047,135.44 CNY, indicating a reduction of about 11.8%[45] - The net cash flow from investing activities was -2,707,267.97 CNY, worsening from -236,159,523.64 CNY year-over-year[45] - Cash inflow from financing activities totaled 134,578,000.00 CNY, a decrease from 230,000,000.00 CNY, representing a decline of approximately 41.5%[46] - The net cash flow from financing activities was -100,784,795.54 CNY, compared to a positive 51,087,311.21 CNY in the previous year[46] - The ending balance of cash and cash equivalents was 233,797,508.74 CNY, down from 393,923,052.75 CNY, reflecting a decrease of about 40.6%[46] - The company received 100,000,000.00 CNY from investment recoveries, which was not present in the previous year[45] - The total cash outflow for investment activities was 2,707,267.97 CNY, significantly lower than 336,979,098.99 CNY in the previous year[45] - The company reported a cash flow impact from exchange rate changes of -1,401,876.44 CNY, compared to -2,907,391.41 CNY in the previous year[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,624,412,126.61, down 5.43% from ¥2,774,995,591.49 at the end of the previous year[7] - Total assets decreased to CNY 2,585,844,338.65 from CNY 2,709,566,867.86, a decline of 4.6%[30] - Total liabilities decreased by 12.1% to ¥1,207,116,502.80[24] - Total liabilities decreased to CNY 1,273,368,126.55 from CNY 1,414,538,049.45, a reduction of 9.9%[29] - The company's total equity increased to CNY 1,312,476,212.10 from CNY 1,295,028,818.41, reflecting a growth of 1.4%[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,480[10] - The largest shareholder, Shenzhen Yatai Yizhao Investment Co., Ltd., held 47.24% of the shares, amounting to 85,036,500 shares, with 26,730,000 shares pledged[10] Expenses - Sales expenses increased by 61% to ¥7,377,165.98, mainly due to building marketing networks and hiring more marketing personnel[14] - R&D expenses surged by 67% to ¥17,717,435.67, attributed to an increase in R&D personnel[14] - Research and development expenses for Q1 2019 were CNY 17,717,435.67, up from CNY 10,617,716.73, indicating a year-over-year increase of 66.7%[31] - Research and development expenses increased significantly to CNY 17,137,919.09, a rise of 71.5% compared to CNY 9,973,843.03 in Q1 2018[36] Other Financial Metrics - The company's minority interest increased by 231% to -¥116,313.22 due to expenses related to establishing a joint venture in the Philippines[14] - The company reported a 106% decline in investment income, resulting in a loss of ¥50,055.53[14] - The company recorded an asset impairment loss of CNY 19,873,905.45 in Q1 2019, compared to CNY 18,529,634.95 in the previous year[36] - The financial expenses for Q1 2019 were CNY 4,795,980.90, a decrease from CNY 5,697,231.97 in Q1 2018[36] - The total comprehensive income for Q1 2019 was CNY 21,234,533.79, slightly higher than CNY 21,230,713.21 in the same quarter last year[34] - The company's operating profit for Q1 2019 was CNY 29,415,129.79, compared to CNY 23,618,047.39 in Q1 2018, marking a 24.0% increase[34] - The company reported a foreign exchange loss of CNY 2,471,168.45 in Q1 2019, contrasting with a gain of CNY 1,857,415.94 in the same period last year[34]

Financial Performance - The company's operating revenue for 2018 was CNY 2,300,545,769.07, representing a 26.06% increase compared to CNY 1,825,031,247.69 in 2017[18]. - The net profit attributable to shareholders for 2018 was CNY 114,240,272.87, a 6.02% increase from CNY 107,757,811.61 in 2017[18]. - The total assets at the end of 2018 were CNY 2,774,995,591.49, a 6.99% increase from CNY 2,593,748,769.11 at the end of 2017[18]. - The net assets attributable to shareholders at the end of 2018 were CNY 1,401,034,179.82, reflecting a 7.09% increase from CNY 1,308,243,761.81 at the end of 2017[18]. - The weighted average return on equity for 2018 was 8.48%, slightly down from 8.51% in 2017[18]. - The basic earnings per share for 2018 were CNY 0.63, a 5.00% increase from CNY 0.60 in 2017[18]. - The company achieved operating revenue of 2.301 billion yuan, an increase of 26.06% year-on-year, and a net profit attributable to shareholders of approximately 114.24 million yuan, up 6.02% year-on-year[83]. - The design business generated revenue of approximately 478 million yuan, a year-on-year increase of 54.20%, with signed orders totaling 1.169 billion yuan, up 145.77% from the previous year[83]. - The high-end residential business generated revenue of approximately 493.90 million yuan, a year-on-year increase of 19.51%[83]. - The commercial office business revenue reached approximately 185.70 million yuan, reflecting an 84.12% year-on-year growth[83]. Dividend Policy - The company reported a profit distribution plan based on 180,000,000 shares, proposing a cash dividend of 2.00 RMB per 10 shares (including tax) with no bonus shares[4]. - The company plans to distribute a cash dividend of 36 million yuan for the 2018 fiscal year, which is 31.52% of the net profit attributable to shareholders[146]. - The cash dividend distribution is based on a total share capital of 180 million shares, with a proposed payout of 2 yuan per 10 shares[146]. - The company has maintained a consistent cash dividend policy, distributing more than 10% of the distributable profit each year since its listing[142]. - The cash dividends for the past three years have been consistently set at 36 million yuan, representing 44.48%, 33.41%, and 31.51% of the net profit for 2016, 2017, and 2018 respectively[145]. - The total distributable profit for 2018 was reported at 400.42 million yuan, with the cash dividend accounting for a significant portion of this amount[146]. - The company has established a three-year dividend return plan to ensure stable shareholder returns[142]. Business Expansion and Strategy - The company has established multiple subsidiaries, including those in Hong Kong, Macau, the Philippines, and Vietnam, to expand its market presence[9]. - The company expanded its business scope to include high-quality residential, high-end office buildings, luxury clubs, and commercial complexes, in addition to its core focus on high-end hotel decoration[28]. - The company has established a strategic partnership with Red Star Macalline to create the ATG·Yishu Home brand, targeting the high-end residential market[31]. - The company has established a strategic partnership with Meikailong to enter the high-end residential decoration market, creating the ATG·Yishu brand[87]. - The company is gradually expanding into the residential decoration market, with design services performing well and engineering services expected to follow suit[131]. - The company is focusing on expanding its marketing network in first-tier cities such as Beijing, Shanghai, and Shenzhen as of December 31, 2018[123]. - The company is entering the home decoration market with the ATG·艺澍家 brand, offering customized solutions and establishing a marketing and supply chain system[135]. - The company continues to expand its market presence through strategic acquisitions and partnerships, enhancing its competitive positioning in the industry[70]. Risk Management - The company faces risks from policy adjustments in the real estate industry, rising labor costs, and management challenges due to rapid growth[4]. - The company emphasizes the importance of risk awareness among investors regarding future plans and strategic developments[4]. - The company is addressing risks associated with overseas projects, including safety concerns and economic instability in host countries[138]. - The cyclical nature of the real estate industry may negatively affect the company's business due to reduced investment from key clients[137]. - Policies to curb government spending may lead to decreased demand for high-end hotel decoration services, impacting revenue[137]. - The company faces risks from macroeconomic fluctuations that could impact demand for high-end public building decoration projects[136]. Project Management and Quality Control - The company adheres to a project manager responsibility system, ensuring quality control and progress monitoring throughout project implementation[50]. - The company maintains a warranty period of 2-5 years for completed projects, providing free repairs for quality issues during this period[52]. - The company has implemented strict quality control measures for construction materials, ensuring only qualified suppliers are used and all materials are thoroughly inspected[64]. - The company has achieved certifications for quality management (ISO9001), environmental management (ISO14001), and occupational health and safety (ISO45001), ensuring compliance with relevant laws and regulations[55]. - The company actively engages in post-project follow-ups to address maintenance and usage issues, strengthening relationships with clients for future collaborations[53]. Technological Integration - The company utilizes Building Information Modeling (BIM) technology to enhance project management and execution[9]. - The application of Building Information Modeling (BIM) technology has been expanded, with multiple projects utilizing this technology, including high-end hotels and hospitals[85]. - The company is investing in R&D and technology, including BIM technology and various digital tools, to improve management efficiency and project execution[135]. Market Trends and Industry Insights - The total output value of the national construction decoration industry reached 3.94 trillion yuan in 2017, with a growth rate of 7.6% compared to 2016[34]. - The number of companies in the construction decoration market decreased from 145,000 in 2011 to 130,000 in 2017, indicating increased industry concentration[34]. - The public building decoration market is experiencing steady growth, driven by increased fixed asset investment and demand for renovations[131]. - The overall scale of the public building decoration market is increasing, although the growth rate has slowed due to a decrease in new public building projects[131]. Shareholder Information - The total number of shares is 180,000,000, with 75% being limited sale shares[196]. - The largest shareholder, Shenzhen Yatai Yizhao Investment Co., Ltd., holds 47.24% of the shares, amounting to 85,036,500 shares[198]. - The company has a total of 17,769 shareholders at the end of the reporting period[198]. - The foreign shareholder, Zheng Zhong, holds 11.30% of the shares, totaling 20,344,500 shares[198]. - Major shareholders include Zheng Hong with 3.55% and Lin Lin with 1.77% of shares[199]. - The company has a diverse shareholder base, with multiple natural persons holding significant stakes[199]. Compliance and Governance - The company has not faced any penalties or rectification issues during the reporting period[168]. - The company has not engaged in any related party transactions during the reporting period[170]. - The company has maintained a continuous relationship with Ruihua Certified Public Accountants for 7 years, with an audit fee of 1 million CNY for the current period[164]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[160]. - There were no significant accounting errors that required retrospective restatement during the reporting period[162].

Financial Performance - Operating revenue for the reporting period was CNY 507,323,427.06, reflecting a year-on-year increase of 1.60%[8] - Net profit attributable to shareholders of the listed company was CNY 33,537,967.30, up 47.40% year-on-year[8] - Basic earnings per share increased by 46.15% to CNY 0.19[8] - The weighted average return on net assets rose to 2.50%, an increase of 1.82 percentage points compared to the previous year[8] - The net profit attributable to shareholders for 2018 is expected to be between 10,775.78 and 15,086.09 million CNY, representing a change of 0.00% to 40.00% compared to 2017[21] - The significant increase in design business orders is anticipated to continuously enhance the company's performance[21] - There are uncertainties in performance growth due to potential limitations on project engineering progress influenced by macroeconomic conditions[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,563,338,340.49, a decrease of 1.17% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company increased by 4.20% to CNY 1,363,128,610.41[8] - Cash and cash equivalents decreased by 35.96% to ¥364,746,180.42 due to the use of raised funds[16] - Prepayments increased by 110.09% to ¥45,510,912.94 as a result of increased material orders for new projects[16] - Inventory rose by 36.40% to ¥58,787,421.29 due to increased materials for engineering projects[16] - Fixed assets surged by 584.70% to ¥151,346,775.92 due to new office space purchases for fundraising projects[16] Cash Flow - Net cash flow from operating activities was CNY 91,802,827.59, a significant increase of 370.06%[8] - Cash inflow from sales of goods and services increased by 39.41% to ¥1,522,733,556.01, driven by revenue growth and improved collection efforts[16] - The company reported a 63.22% increase in cash outflow for debt repayment, totaling ¥373,022,754.38[16] - The net cash flow from financing activities decreased by 94.15% to ¥11,629,673.84 due to reduced bank deposits[16] Shareholder Information - The company reported a total of 19,501 common shareholders at the end of the reporting period[12] - The top shareholder, Shenzhen Yatai Yizhao Investment Co., Ltd., holds 47.24% of the shares, amounting to 85,036,500 shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Regulatory and Compliance - The company received acceptance from the China Securities Regulatory Commission for its application to issue convertible bonds[18] - There were no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[20] - The company has no instances of non-compliance with external guarantees during the reporting period[23] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[24] Investment Activities - The company has engaged in entrusted wealth management, with an amount of 3,800 million CNY in bank financial products sourced from idle raised funds[26] Future Plans - The company plans to delay certain fundraising projects and change the implementation locations for marketing branches[17]

Financial Performance - The company's operating revenue for the first half of 2018 was approximately ¥1,055.18 million, representing a 27.69% increase compared to ¥826.37 million in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2018 was approximately ¥45.21 million, up 20.02% from ¥37.67 million in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥44.35 million, reflecting a 21.78% increase from ¥36.42 million in the same period last year[18]. - The basic earnings per share for the first half of 2018 was ¥0.25, an increase of 19.05% compared to ¥0.21 in the same period last year[18]. - The total assets at the end of the reporting period were approximately ¥2,645.11 million, a 1.98% increase from ¥2,593.75 million at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥1,323.56 million, up 1.17% from ¥1,308.24 million at the end of the previous year[18]. - The net cash flow from operating activities for the first half of 2018 was approximately -¥128.20 million, a decline of 20.51% compared to -¥106.38 million in the same period last year[18]. - The weighted average return on equity for the first half of 2018 was 3.41%, an increase from 3.03% in the same period last year[18]. Business Operations - The company has successfully entered international markets, securing design projects in India and Sri Lanka, including the Le Meridien in India and the Ritz-Carlton apartments in Sri Lanka[31]. - The company has established a unique EPC turnkey service model, enhancing its service delivery in high-end hotel decoration and other public building projects[26]. - The company has expanded its qualifications, adding 4 new certifications during the reporting period, enhancing its competitive edge in the construction decoration industry[27]. - The company is actively managing accounts receivable and expanding its design business to mitigate financial risks in the current market environment[29]. - The company has a strong focus on original design, with a comprehensive process from creative design to final delivery, ensuring high-quality project execution[32]. - The company’s design process includes six stages: concept design, scheme design, scheme deepening, construction drawings, material book, and bidding and construction coordination[36]. - The company’s construction business model focuses on self-contracting, self-procurement, and self-construction, ensuring quality and safety by avoiding subcontracting[39]. - The project management team is formed post-bid win, consisting of a project manager, material staff, safety officer, quality officer, construction staff, and financial personnel[39]. Market and Industry Trends - The construction decoration industry in China achieved a total output value of 3.94 trillion, representing a 7.6% growth compared to the previous year[29]. - The company has successfully expanded its brand influence from the hotel sector to residential and commercial fields, gaining substantial client recognition[59]. - The company is actively exploring the cultural tourism and vacation market to adapt to changing consumer preferences and has begun to see initial success in securing orders in more tourist cities[102]. - The company acknowledges risks related to policy adjustments in the real estate industry and rising labor costs, which may impact operations[4]. - The company is facing risks from macroeconomic fluctuations, which may impact the demand for high-end public building decoration projects, particularly in the hotel and real estate sectors[100]. - The real estate industry's cyclical fluctuations may negatively affect the company's business, as major clients may reduce investments in high-end projects due to economic slowdowns and regulatory policies[101]. Financial Management - The company maintains a AAA credit rating, reflecting its strong financial management and industry reputation[27]. - The company has short-term borrowings of CNY 13,000 million and outstanding long-term borrowings of CNY 30,600,968.36 as of June 30, 2018[75]. - The company has a credit line agreement with a total credit amount of CNY 480 million, with a collateral valuation of CNY 81.37 million[74]. - The company reported an investment loss of CNY 452,255.48 related to the acquisition of Shenzhen Yatai International Property Services Co., Ltd.[79]. - The company has not engaged in any securities or derivative investments during the reporting period[80][81]. Legal and Compliance - The company is involved in a lawsuit with Fudi Changtai Hotel Management Investment Co., Ltd. regarding a construction contract, with a disputed amount of 60.92 million yuan[112]. - The company has filed a lawsuit against Zhongkang Hotel Management Co., Ltd. for an outstanding payment of 12.45 million yuan, which is currently in progress[114]. - Another ongoing case involves Tianjin Desheng Hotel Management Co., Ltd., with a claim for 10.93 million yuan, and the company has applied for enforcement of the court's decision[115]. - As of June 30, 2018, the total amount involved in unresolved cases where the company is the defendant is approximately 13.36 million yuan, representing 1.02% of the net assets attributable to shareholders[116]. - The company has not experienced any significant adverse effects on its financial condition or ongoing operations due to the ongoing litigation[116]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,438[139]. - The largest shareholder, Shenzhen Yatai Investment Co., Ltd., holds 47.24% of the shares, totaling 85,036,500 shares[139]. - The total number of shares outstanding is 180,000,000[136]. - The company has not issued any new securities during the reporting period[137]. - There were no changes in the controlling shareholder or actual controller during the reporting period[141]. Strategic Initiatives - The company plans to enhance internal management and efficiency, increasing the number of design personnel to support order conversion[59]. - The company has approved a restricted stock incentive plan, but specific details regarding the beneficiaries and number of shares have yet to be determined[119]. - The company plans to use CNY 210 million of raised funds for the acquisition of Global Resources Property, which includes a commercial property of 4,246.28 square meters for the creative design center project[86]. - The company continues to focus on market expansion and new product development through strategic reallocations of funds[92]. - The company has not engaged in any mergers or acquisitions in the reported period[192].

Financial Performance - The company's operating revenue for Q1 2018 was ¥453,396,166.29, representing a 21.51% increase compared to ¥373,121,707.46 in the same period last year[8] - The net profit attributable to shareholders was ¥19,378,433.56, up 16.35% from ¥16,655,062.91 year-on-year[8] - Basic earnings per share rose to ¥0.11, reflecting a 22.22% increase from ¥0.09 in the same period last year[8] - The company expects net profit attributable to shareholders for H1 2018 to range from ¥33,900,000 to ¥48,970,000, reflecting a decrease of 10.01% to 30.00% compared to the previous year[23] Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥43,170,889.84, a 176.21% increase from a negative cash flow of ¥56,649,252.23 in the previous year[8] - Total assets at the end of the reporting period were ¥2,544,975,057.74, a decrease of 1.88% from ¥2,593,748,769.11 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.23% to ¥1,324,314,911.21 from ¥1,308,243,761.81 at the end of the previous year[8] - The weighted average return on net assets was 1.47%, up from 1.34% in the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,840[11] - The largest shareholder, Shenzhen Yatai Yizhao Investment Co., Ltd., held 47.24% of the shares, with 85,036,500 shares pledged[11] Operational Changes - Prepayments increased by 53.80% to ¥33,318,047.59 due to advance payments for new projects[15] - Other current assets decreased by 50.55% to ¥50,490,902.11 primarily due to reduced purchases of financial products[15] - Construction in progress surged by 1787.80% to ¥3,723,513.99, attributed to increased office renovations[15] - Other non-current assets rose by 2562.01% to ¥292,394,134.74 due to payments for equity acquisition[15] Expenses and Income - Management expenses increased by 47.33% to ¥20,606,245.24, mainly from housing arrangements for employees[16] - Investment income grew by 115.77% to ¥819,575.35, resulting from increased returns on financial products[16] - Cash received from sales and services rose by 90.25% to ¥621,235,552.04, driven by improved collection efforts[17] - Cash paid to employees increased by 41.16% to ¥66,868,364.57 due to a rise in employee numbers and salaries[18] Strategic Developments - The company reported non-recurring gains and losses totaling ¥851,321.68 for the reporting period[9] - The company completed the transfer of control for Global Real Estate Holdings, marking progress in its strategic acquisition plans[19]