Core Points - The company held the 16th meeting of the 10th Supervisory Board on August 20, 2025, via communication methods [1] - The Supervisory Board approved the 2025 semi-annual report, confirming that the report's preparation complied with legal and regulatory requirements, and accurately reflects the company's actual situation [1] - The board also approved an adjustment to the 2025 budget for purchasing financial products to enhance the efficiency of fund utilization while ensuring operational needs and fund safety [2] Summary by Sections Meeting Details - The meeting was notified via email and conducted on August 20, 2025 [1] - All members of the Supervisory Board participated in the decision-making process [1] Semi-Annual Report - The Supervisory Board reviewed and approved the 2025 semi-annual report, with a unanimous vote of 4 in favor [1] - The report was published on the same day in the Securities Times and on the Giant Tide Information Network [1] Financial Product Purchase Adjustment - The Supervisory Board approved the adjustment of the budget for purchasing financial products, also with a unanimous vote of 4 in favor [2] - The decision aims to improve fund utilization efficiency while ensuring the company's operational needs and safety [2]

或"本公司"）2024 年年度权益分派方案已获 2025 年 4 月 23 日召开的 2024 年年度股东大会审议通过，分派方案为：以 2024 年 12 月 31 日的总股本 431,058,320 股为基数（其中，A 股总股 本 392,778,320 股；B 股总股本 38,280,000 股），向全体股东 每 10 股派发现金红利 1 元（含税），共计派发现金 43,105,832 元，不送红股，不转增股本。若本次利润分配方案实施前公司总 股本发生变化，将按照分配总额不变的原则对分配比例进行调整。 化。 过的分派方案一致。 两个月。 — 1 — 证券代码：000025、200025 股票简称：特力 A、特力 B 公告编号：2025-023 深圳市特力（集团）股份有限公司 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。 一、股东大会审议通过权益分派方案情况 二、本次实施的权益分派方案 本公司 2024 年年度权益分派方案为：以公司现有总股本 （含税；扣税后，A 股 QFII、RQFII 以及持有首发前限售股的个 人和证券投资基金每 10 股派 0.9 元；A ...

Financial Performance - The company's operating revenue for 2022 was CNY 837,656,274.51, representing a 64.72% increase compared to CNY 508,520,026.18 in 2021[20] - The net profit attributable to shareholders for 2022 was CNY 83,496,135.61, a decrease of 36.27% from CNY 131,020,764.38 in 2021[20] - The net cash flow from operating activities for 2022 was negative CNY 51,967,764.29, a decline of 141.04% compared to CNY 126,611,734.90 in 2021[20] - Basic earnings per share for 2022 were CNY 0.1937, down 36.28% from CNY 0.3040 in 2021[20] - Total assets at the end of 2022 were CNY 2,232,028,554.57, an increase of 20.02% from CNY 1,859,645,205.43 at the end of 2021[20] - The company's weighted average return on equity for 2022 was 5.69%, down from 9.56% in 2021, reflecting a decrease of 3.87%[20] - The net profit after deducting non-recurring gains and losses for 2022 was CNY 63,268,802.52, a decrease of 11.80% from CNY 71,731,038.87 in 2021[20] - The company's total equity attributable to shareholders at the end of 2022 was CNY 1,505,638,863.31, a 5.07% increase from CNY 1,432,924,273.45 at the end of 2021[20] Cash Flow and Investments - The net cash flow from operating activities was -51.97 million yuan, a decline of 141.04% compared to the previous year[75] - Operating cash inflow increased by 69.27% to 1.004 billion yuan, while operating cash outflow rose by 126.32% to 1.056 billion yuan[75] - Investment cash inflow decreased by 12.67% to 1.388 billion yuan, while investment cash outflow decreased by 22.20% to 1.339 billion yuan[75] - Financing cash inflow surged by 173.04% to 206 million yuan, mainly due to contributions from minority shareholders[75] - The company made significant investments totaling ¥281,736,012.6 during the reporting period, a 98.76% increase compared to the previous year[85] Market and Industry Insights - The total market size of China's jewelry industry in 2022 was approximately CNY 719 billion, remaining stable compared to the previous year[33] - The gold product market size in China was about CNY 410 billion in 2022, representing a significant portion of the overall jewelry market[33] - In 2022, the actual gold consumption in China was 1001.74 tons, a decrease of 10.63% compared to 2021, but still at a high level[38] - The retail sales of gold and silver jewelry in 2022 reached CNY 301.4 billion, showing a slight decline of 1.1% year-on-year[39] Business Strategy and Development - The company plans to enhance its product design and marketing strategies to cater to the younger consumer demographic, which is increasingly driving demand in the jewelry market[35] - The company aims to transform old properties into commercial operations to increase property value and generate stable income[50] - The company is focused on optimizing its organizational structure to align with its transformation and development tasks[103] - The company aims to strengthen its core value through digital innovation and information technology advancements[103] - The company is committed to improving its risk control systems and exploring digital risk management methods[103] Governance and Compliance - The company has established a complete financial management system, ensuring independence from the controlling shareholder in financial operations[117] - The company maintains a clear separation from the controlling shareholder in terms of business, personnel, assets, and financial operations[116] - The company has a robust internal control system and governance structure that complies with regulatory requirements[111] - The company actively engages with minority shareholders through various communication channels, ensuring their rights are respected[111] Shareholder Information - The company has a cash dividend policy that allows for a distribution of 0.28 yuan per 10 shares, totaling 12,069,632.96 yuan for the reporting period[142] - The total distributable profit for the parent company was 57,543,443.57 yuan, with cash dividends accounting for 100% of the profit distribution[142] - The total number of unrestricted shares is 431,058,320, representing 100% of the total shares[192] - The number of shareholders holding more than 5% of shares increased from 64,114 to 67,131 during the reporting period[194] Risk Management - The company is facing risks from market volatility and economic slowdown, which may impact operations due to external factors like international situations[106] - The company plans to enhance risk management and compliance mechanisms to ensure steady development amidst uncertainties[106] - The company has established a scientific and effective hedging management system, focusing on risk analysis and control measures for market, liquidity, credit, operational, and legal risks[92] Employee and Management Structure - The total number of employees at the end of the reporting period was 317, with 106 in the parent company and 211 in major subsidiaries[136] - The employee composition includes 88 sales personnel, 75 technical personnel, 28 financial personnel, and 126 administrative personnel[137] - The company is focused on enhancing training for middle management and core personnel to improve management skills and professional capabilities[139] Community Engagement and Social Responsibility - The company actively participated in community service, with over 60 volunteers contributing to more than 300 community health initiatives[152] - The company has engaged in poverty alleviation efforts by promoting local agricultural products through purchasing instead of donations[153] - The company has committed to maintaining its independence, ensuring independent operations, procurement, production, and sales systems, as well as independent intellectual property rights[156]

Revenue and Profit - The company's revenue for Q1 2023 reached ¥339,838,493.18, representing a 142.62% increase compared to ¥140,069,923.14 in the same period last year[5] - Net profit attributable to shareholders decreased by 25.24% to ¥25,274,084.85 from ¥33,807,359.53 year-on-year[5] - Total operating revenue for Q1 2023 reached ¥339,838,493.18, a significant increase from ¥140,069,923.14 in the same period last year, representing a growth of approximately 142.5%[21] - Net profit for Q1 2023 was ¥25,390,400.33, down from ¥33,410,622.07 in Q1 2022, indicating a decrease of approximately 24.0%[22] Cash Flow - The net cash flow from operating activities was negative at -¥43,397,996.76, a decline of 176.63% compared to -¥15,687,977.31 in the previous year[5] - The total cash flow from operating activities was -43,397,996.76, a decrease of 176.63% compared to the previous period[11] - The cash inflow from operating activities was CNY 609,767,353.07, significantly up from CNY 175,683,244.72 in the previous period, indicating a growth of approximately 247%[24] - The net cash flow from operating activities was negative at CNY -43,397,996.76, worsening from CNY -15,687,977.31 in the prior period[24] - Cash inflow from financing activities was CNY 75,693,122.83, up from CNY 23,430,614.49, marking an increase of approximately 223%[26] - The net cash flow from financing activities was CNY 51,015,012.89, compared to CNY 22,379,372.50 in the prior period, showing a substantial improvement[26] Assets and Liabilities - Total assets increased by 7.37% to ¥2,396,633,546.19 from ¥2,232,028,554.57 at the end of the previous year[5] - Total liabilities increased to ¥730,840,902.94 in Q1 2023 from ¥575,800,810.67 in Q1 2022, which is an increase of approximately 26.9%[19] - The company's total assets as of Q1 2023 amounted to ¥2,396,633,546.19, up from ¥2,232,028,554.57 in the previous year, marking an increase of about 7.4%[19] Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose by 364.55% to ¥193,959,944.59, primarily due to gold sales on credit[10] - The company’s inventory decreased by 58.29% to ¥48,413,869.16, mainly due to a reduction in gold reserves[10] - Trade receivables increased significantly to ¥193,959,944.59 from ¥41,752,179.56, indicating a growth of approximately 364.5%[17] - Inventory levels decreased to ¥48,413,869.16 from ¥116,069,675.39, reflecting a reduction of about 58.3%[17] Expenses - The company’s management expenses increased by 51.91% to ¥15,290,200.87, attributed to the costs associated with the new gold business[10] - Total operating costs for Q1 2023 were ¥314,467,148.67, compared to ¥115,122,390.48 in Q1 2022, reflecting an increase of about 174.5%[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,114[13] - The company’s major shareholder, Shenzhen Te Fa Group Co., Ltd., increased its shareholding by 979,300 shares due to the return of borrowed shares[16] Legal and Subsidiary Matters - The company has initiated a forced liquidation process for its subsidiary, Shenzhen Te Fa Hua Ri Automotive Co., Ltd., due to the expiration of its business term and inability to reach an agreement with the Japanese partner[16] - The company received a court ruling on January 2023 to accept its liquidation application for the subsidiary, indicating ongoing legal proceedings[16] - The company has not included the balance sheet of its subsidiary in the consolidated financial statements for the first quarter of 2023[16] Cash and Equivalents - Cash and cash equivalents at the end of the period increased by 39.22% to 279,025,149.26[11] - The company's cash and cash equivalents decreased to ¥300,646,647.26 from ¥413,028,327.36 at the beginning of the year, representing a decline of approximately 27.2%[17] - The ending balance of cash and cash equivalents was CNY 279,025,149.26, compared to CNY 200,426,911.87 in the previous period, reflecting an increase of about 39%[26] Investment Activities - The net cash flow from investing activities was -119,998,696.23, reflecting a significant increase of 569.63% in outflows due to bank wealth management purchases not yet matured[11] - The company reported a cash outflow of CNY 537,115,696.75 for purchasing goods and services, which increased from CNY 87,818,321.33 in the prior period[24] - The company’s cash flow from investment income decreased by 68.97% to 5,700,000.00, primarily due to last year's dividend income from equity investments[11] Earnings Per Share - Earnings per share (EPS) for Q1 2023 was ¥0.0586, down from ¥0.0784 in Q1 2022, representing a decline of approximately 25.0%[23]

Financial Performance - The company's operating revenue for the third quarter reached ¥136,697,968.79, an increase of 41.12% compared to the same period last year[3] - Net profit attributable to shareholders was ¥25,443,244.99, reflecting an 81.18% increase year-on-year[3] - The basic earnings per share rose to ¥0.0590, up 59.06% from the previous year[3] - The company reported a 31.39% increase in cumulative operating revenue for the year to ¥386,190,230.03[9] - Net profit reached ¥70,352,139.92, a significant increase from ¥41,099,486.54, marking a growth of approximately 71.2% year-over-year[19] - Operating profit improved to ¥88,332,520.69, up from ¥48,849,218.14, indicating an increase of around 80.8% year-over-year[19] - Basic and diluted earnings per share were both ¥0.1624, compared to ¥0.0920 in the previous period, representing an increase of approximately 76.5%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,815,194,330.92, a 6.25% increase from the end of the previous year[3] - Total current assets increased to ¥703,834,084.37 as of September 30, 2021, up from ¥638,665,866.34 on December 31, 2020, representing an increase of approximately 10.3%[14] - Total assets reached ¥1,815,194,330.92, compared to ¥1,708,442,301.15 at the end of 2020, reflecting a growth of approximately 6.3%[15] - Total liabilities increased to ¥420,745,689.29 from ¥323,796,199.34, indicating a rise of about 30%[16] - Non-current assets totaled ¥1,111,360,246.55, up from ¥1,069,776,434.81, showing an increase of approximately 3.9%[15] - The total equity attributable to shareholders increased to ¥1,371,889,469.38 from ¥1,310,524,675.47, reflecting a growth of about 4.7%[16] Cash Flow - The cash flow from operating activities for the year-to-date was ¥97,023,552.00, down 14.52% compared to the previous year[3] - Cash flow from operating activities generated a net amount of ¥97,023,552.00, down from ¥113,504,644.63, a decrease of about 14.5% year-over-year[21] - Cash flow from investing activities resulted in a net outflow of ¥61,964,096.45, an improvement from a net outflow of ¥304,041,964.84 in the previous period[22] - Cash and cash equivalents at the end of the period totaled ¥235,019,586.23, compared to ¥192,352,823.93 at the end of the previous period, an increase of approximately 22.1%[22] Inventory and Receivables - Accounts receivable increased by 103.19% to ¥40,289,412.77, primarily due to new gold product trading business[8] - Accounts receivable rose significantly to ¥40,289,412.77 from ¥19,828,510.36, marking an increase of about 103.7%[14] - Inventory decreased by 48.02% to ¥11,476,134.39, indicating effective inventory management[8] - Inventory decreased to ¥11,476,134.39 from ¥22,079,679.93, a decline of approximately 48%[14] - The company reported a significant increase in other receivables, which fell to ¥8,307,913.14 from ¥29,269,790.83, a decrease of approximately 71.6%[14] Tax and Other Income - Tax expenses increased to ¥18,374,122.71 from ¥8,718,750.27, reflecting a rise of about 110.5% year-over-year[19] - Other income decreased to ¥403,887.80 from ¥1,038,078.15, a decline of approximately 61.1% year-over-year[19] Compliance and Reporting Standards - The company implemented new leasing standards starting in 2021, affecting the financial statements[23] - The company did not apply retrospective adjustments for prior comparative data under the new leasing standards[23] - The adjustments were first executed at the beginning of the financial year 2021[23] - There are no applicable adjustments for prior periods as per the new leasing standards[23] - The financial report adjustments are not applicable for the current reporting period[23] - The company is committed to ensuring the accuracy of its financial reporting under the new standards[23] - The adjustments are part of the company's ongoing compliance with updated financial regulations[23] - The company continues to monitor the impact of these changes on its financial performance[23] - The board will provide further updates as necessary regarding the implementation of these standards[23]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 249,492,261.24, representing a 26.61% increase compared to CNY 197,051,790.29 in the same period last year[16]. - The net profit attributable to shareholders was CNY 44,542,715.32, a significant increase of 74.03% from CNY 25,594,985.78 year-on-year[16]. - The net profit after deducting non-recurring gains and losses reached CNY 41,590,592.47, up 94.32% from CNY 21,402,820.83 in the previous year[16]. - The net cash flow from operating activities was CNY 59,571,399.02, showing a remarkable increase of 244.22% compared to CNY 17,306,322.20 in the same period last year[16]. - Basic earnings per share rose to CNY 0.1033, reflecting a 73.91% increase from CNY 0.0594 in the previous year[16]. - The company's total revenue for the reporting period reached ¥249.49 million, representing a year-on-year increase of 26.61% compared to ¥197.05 million in the same period last year[28]. - The total profit for the first half of 2021 was CNY 55,582,032.72, which is a 67.2% increase compared to CNY 33,218,964.32 in the first half of 2020[112]. - The total comprehensive income for the first half of 2021 was CNY 44,496,619.21, compared to CNY 26,770,658.26 in the first half of 2020, marking a growth of 66.3%[113]. Revenue Breakdown - Automotive sales revenue was ¥95.64 million, a decrease of 3.19% from ¥98.80 million in the previous year, while automotive inspection and maintenance revenue increased by 21% to ¥23.16 million[30]. - Revenue from property leasing and services surged by 59.31% to ¥99.01 million, up from ¥62.15 million in the same period last year[30]. - The jewelry retail and wholesale segment achieved revenue of ¥31.68 million, marking an impressive growth of 86.74% compared to ¥16.96 million in the previous year[30]. - Jewelry wholesale and retail revenue increased by 101.08% year-on-year, reaching ¥32,194,329.55, up from ¥16,010,373.45[32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,784,126,049.16, an increase of 4.43% from CNY 1,708,442,301.15 at the end of the previous year[16]. - The total liabilities reached CNY 363,653,796.64, an increase from CNY 323,796,199.34 in the previous period, representing a growth of approximately 12.3%[105]. - The company's long-term borrowings rose to ¥40,886,819.43, a 1.64% increase in proportion to total liabilities, attributed to financing for the Jinzuan Trading Building project[37]. - The total amount of trading financial assets decreased by 6.53% to ¥211,374,917.81, due to the redemption of financial products[37]. Cash Flow - The cash flow from operating activities remains stable, with no significant changes reported in the measurement attributes of major assets[39]. - The company's financing activities generated a net cash flow of CNY 20,549,625.24, compared to a negative cash flow of CNY 24,778,202.09 in the previous year[121]. - The net cash flow from investment activities was CNY 69,492,791.58, a turnaround from a negative cash flow of CNY 88,258,570.72 in the first half of 2020[121]. - Cash and cash equivalents at the end of the period amounted to CNY 358,059,693.02, up from CNY 304,937,895.62 at the end of the previous year, reflecting an increase of approximately 17.4%[121]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares for this period[6]. - The company is actively pursuing a strategic transformation towards becoming a comprehensive service provider in the jewelry industry, with several projects already yielding positive results[49]. - The company plans to maintain its position as the largest property owner in key jewelry industry areas, leveraging its resources for future growth[25]. - The company plans to enhance operational efficiency and explore new market opportunities to mitigate risks associated with its business transformation[48]. Shareholder Information - The company has not distributed cash dividends or issued new shares in the first half of 2021, focusing on reinvestment strategies[53]. - The total number of ordinary shareholders at the end of the reporting period was 46,964[90]. - The largest shareholder, Shenzhen Tefa Group Co., Ltd., holds a 49.09% stake in the company[90]. Compliance and Governance - The company has maintained a stable management structure with no changes in its board or senior management during the reporting period[52]. - The company has committed to timely and accurate disclosure of business expansion information, with ongoing compliance since 2014[60]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[62]. - The semi-annual financial report has not been audited[64]. Legal Matters - The company is involved in several legal disputes, including a rental contract dispute with a claim amount of 2.17 million yuan, which has been settled[66]. - The company is pursuing a claim of 60.6 million yuan related to a guarantee recovery dispute, which is currently in the enforcement stage[66]. Related Party Transactions - The company reported a related party transaction amounting to 540,000 yuan, representing 2.62% of the total transaction value[69]. - The total related party transactions were disclosed in compliance with regulatory requirements[69]. - The company emphasized adherence to market pricing principles in all related party transactions[69]. Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[127]. - Future guidance suggests a cautious outlook due to market uncertainties, with an emphasis on maintaining financial stability[135].

Financial Performance - The company's operating revenue for Q1 2021 was ¥144,033,886.08, representing a 68.42% increase compared to ¥85,520,408.64 in the same period last year[8] - Net profit attributable to shareholders was ¥21,691,438.24, a significant increase of 316.42% from ¥5,209,071.29 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached ¥20,476,430.15, marking a 682.09% increase from ¥2,618,160.47 in the previous year[8] - Basic earnings per share rose to ¥0.0503, up 315.70% from ¥0.0121 in the same quarter last year[8] - Operating revenue increased by 68.42% to ¥144,033,886.08 from ¥85,520,408.64, attributed to the previous year's rental discounts[17] - Operating costs rose by 45.20% to ¥107,366,225.41 from ¥73,945,723.56, driven by increased costs of gold products and automobile sales[17] - The company reported a total comprehensive income of CNY 21,550,230.57, compared to CNY 4,966,466.79 in the previous year, representing a growth of about 333%[39] - The total profit for the period was CNY 26,919,014.39, compared to CNY 5,387,592.46 in the previous year, marking an increase of around 399%[38] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,736,552,808.59, reflecting a 1.65% increase from ¥1,708,442,301.15 at the end of the previous year[8] - The company's total assets as of March 31, 2021, amounted to CNY 1,472,049,078.65, an increase from CNY 1,445,468,171.74 at the end of 2020[33] - The company's total liabilities reached CNY 394,526,718.19, up from CNY 374,924,690.69, marking an increase of 5.1%[34] - Total liabilities amounted to CNY 323,796,199.34, with non-current liabilities totaling CNY 15,491,436.87[52] - The company's total assets were reported at CNY 1,708,442,301.15[52] Cash Flow - The net cash flow from operating activities was negative at -¥4,764,233.42, a decline of 173.21% compared to ¥6,507,973.24 in the previous year[8] - Net cash flow from operating activities decreased by 173.21% to -¥4,764,233.42 from ¥6,507,973.24, mainly due to new gold product purchases[18] - The company reported a cash flow from operating activities of CNY -4,764,233.42, a decrease from CNY 6,507,973.24 in the same period last year[44] - The company’s cash inflow from operating activities totaled CNY 121,398,304.59, compared to CNY 99,397,931.26 in the previous year, reflecting an increase of about 22%[44] - The company’s cash inflow from investment activities was CNY 327,380,015.78, down from CNY 620,272,897.50 in the previous year, indicating a decrease of approximately 47%[44] - Cash outflow for investment activities totaled CNY 169,025,982.76, a decrease of 23.3% compared to CNY 220,494,368.91 in the same period last year[46] Shareholder Information - The top shareholder, Shenzhen Special Development Group Co., Ltd., holds 49.09% of the shares, totaling 211,591,621 shares[12] - The equity attributable to shareholders of the parent company was CNY 1,332,216,113.71, compared to CNY 1,310,524,675.47 in the previous period, reflecting a growth of 1.6%[31] Government Support - The company received government subsidies amounting to ¥8,568.06 during the reporting period[9] - Other income surged by 956.43% to ¥171,399.92 from ¥16,224.48, mainly from subsidies received from automobile dealers[17] Employee Compensation - The total number of employees increased, leading to a rise in employee compensation liabilities to CNY 26,363,169.77 from CNY 28,365,685.21[31] Taxation - Income tax expense increased by 1174.87% to ¥5,368,783.82 from ¥421,125.67, reflecting increased operating profits[17] Investment Income - The company reported investment income of CNY 4,937,780.80, an increase from CNY 4,215,152.38 in the same period last year[37] - Investment income for the period was CNY 5,163,310.88, compared to CNY 4,389,774.57 in the previous year, showing an increase of approximately 18%[40] Other Financial Metrics - The weighted average return on equity was 1.64%, up from 0.41% in the same period last year, an increase of 1.23%[8] - Long-term borrowings increased by 128.22% to ¥25,496,104.15 from ¥11,171,759.33, mainly for financing fixed asset loans for the new trading building[16] - Cash and cash equivalents decreased by 24.73% to ¥178,870,559.72 from ¥237,625,698.93 due to significant purchases of financial products[16]

Financial Performance - The company's operating revenue for 2020 was CNY 424,419,203.34, a decrease of 25.68% compared to CNY 571,072,893.90 in 2019[16] - Net profit attributable to shareholders for 2020 was CNY 57,663,828.89, down 73.75% from CNY 219,669,708.47 in 2019[16] - The net profit after deducting non-recurring gains and losses was CNY 47,719,889.72, a decrease of 11.20% compared to CNY 53,738,507.05 in 2019[16] - Basic earnings per share for 2020 were CNY 0.1338, a decline of 73.74% from CNY 0.5096 in 2019[16] - The company's total revenue for 2020 was 42.44 million yuan, a decline of 25.68% from 57.11 million yuan in the previous year, with a net profit attributable to the parent company of 5.77 million yuan, down 73.73% year-on-year[36] - The net profit attributable to shareholders for Q4 was 18.03 million yuan, with a total annual net profit of 57.64 million yuan[21] Cash Flow and Assets - The net cash flow from operating activities increased by 38.26% to CNY 109,105,302.88 from CNY 78,911,353.03 in 2019[16] - Cash and cash equivalents decreased to 237.63 million yuan, a reduction of 44.59% attributed to tax payments and dividend distributions[30] - The company's trading financial assets increased to 314.01 million yuan, a growth of 419.15% due to the purchase of financial products[30] - The company's long-term equity investment value was 123.64 million yuan, a decrease of 23.76% from the beginning of the year[30] - The company's fixed assets value increased to 119.14 million yuan, an increase of 11.22% due to new assets from a subsidiary[30] Revenue Segmentation - In 2020, the company achieved automotive sales revenue of 204.93 million yuan, an increase of 21.58% compared to the previous year[27] - The company's property leasing and service revenue for the year was 141.28 million yuan, a decrease of 12.35% year-on-year, primarily due to rent waivers in response to COVID-19[28] - The jewelry service business generated revenue of 34.86 million yuan, a significant decrease of 81.98% year-on-year, mainly due to the cessation of operations by a subsidiary[29] - The automotive sales segment generated 20.49 million yuan, accounting for 48.28% of total revenue, with a year-on-year increase of 21.58%[40] - The jewelry wholesale and retail segment saw a dramatic decline of 81.98%, contributing only 3.49 million yuan to total revenue[40] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares, based on a total share capital of 431,058,320 shares as of December 31, 2020[5] - The cash dividend payout ratio for 2020 was 14.95% of the net profit attributable to ordinary shareholders[91] - The company aims to maintain a reasonable capital structure while ensuring sufficient cash dividends, with a minimum of 10% of the distributable profit to be distributed in cash annually[95] Strategic Initiatives - The company plans to enhance its property management and leasing strategies to improve occupancy rates amid challenging market conditions[28] - The company plans to transform its old properties from traditional leasing to asset operation to enhance property brand value and stabilize cash flow[32] - The company aims to deepen its third-party service platform in the jewelry industry, targeting to become the most influential comprehensive service provider in the domestic jewelry and jade industry[79] - The company is focusing on innovation in its jewelry business, aiming to create a comprehensive trading service platform that includes logistics, customs, and financial services[79] Market and Economic Context - In 2020, the overall GDP growth in China was 2.3%, indicating a recovery from the impacts of the COVID-19 pandemic, which significantly affected the jewelry market[77] - The jewelry market in China is expected to continue evolving, with an annual compound growth rate of 5% for colored gemstones, indicating potential growth opportunities for the company[77] - The global demand for diamonds showed steady growth in 2020, with strong retail performance in mainland China, indicating a shift in consumer preferences[77] Corporate Governance and Compliance - The company has established an independent financial accounting department and a complete accounting system, ensuring no interference from the controlling shareholder[167] - The company has maintained independence from its controlling shareholder in business, personnel, assets, and financial aspects[167] - The audit report confirmed that the revenue recognition policies were in compliance with accounting standards[192] - The company did not report any significant deficiencies in non-financial reporting[184] Employee and Management Structure - The total number of employees in the company is 302, with 107 in the parent company and 195 in major subsidiaries[158] - The total remuneration for directors and senior management during the reporting period amounts to 715.87 million CNY[157] - The company has a diverse professional composition among its employees, with various roles across production, sales, technical, financial, and administrative functions[158] Risk Management - The company recognizes risks from macroeconomic fluctuations and is implementing measures to mitigate these impacts on its operations[83] - The company confirmed that there were no risks identified during the supervisory activities of the supervisory board in the reporting period[179] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[151] - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on innovative technology solutions[151] - Strategic acquisitions are planned, with a budget of 300 million RMB allocated for potential mergers and acquisitions[151]

Financial Performance - Operating revenue for the reporting period was ¥96,868,200.81, a decrease of 34.27% year-on-year[7] - Net profit attributable to shareholders was ¥14,042,886.48, down 27.09% compared to the same period last year[7] - Basic earnings per share decreased by 27.07% to ¥0.0326[7] - The weighted average return on equity was 0.25%, a decline of 1.49% year-on-year[7] - Total operating revenue for the current period is $96.87 million, down from $147.37 million in the previous period, representing a decrease of approximately 34.3%[40] - Net profit for the current period is $14.33 million, compared to $20.43 million in the previous period, reflecting a decline of approximately 29.9%[42] - The company reported a comprehensive income total of $14.33 million for the current period, compared to $20.43 million in the previous period, a decline of approximately 29.9%[43] - The net profit for Q3 2020 was CNY 41,099,486.54, a decrease of 37.2% compared to CNY 65,411,134.01 in Q3 2019[49] - The total revenue for the period was CNY 27,962,054.92, down from CNY 28,403,325.20 in the previous year, reflecting a decline of 1.55%[51] - Operating profit for Q3 2020 was CNY 48,849,218.14, compared to CNY 76,346,569.20 in Q3 2019, indicating a decrease of 36.1%[49] Cash Flow - The net cash flow from operating activities increased significantly by 215.05% to ¥96,198,322.43[7] - Cash flow from operating activities increased by ¥55,536,218.73 to ¥113,504,644.63, mainly from performance guarantees received[16] - Cash flow from operating activities generated a net amount of CNY 113,504,644.63, an increase of 96.0% compared to CNY 57,968,425.90 in Q3 2019[56] - The net cash flow from operating activities for the current period is ¥28,728,467.83, a significant increase compared to ¥882,296.18 in the previous period[58] - The total cash inflow from investment activities is ¥402,892,118.02, down from ¥897,645,538.51 in the previous period, resulting in a net cash outflow of ¥131,020,827.46[58] - The cash flow from financing activities shows a net outflow of ¥18,104,449.44, compared to a net outflow of ¥54,958,262.11 in the previous period[60] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,653,818,772.81, an increase of 0.49% compared to the end of the previous year[7] - Current assets totaled CNY 658,517,869.77, down from CNY 684,337,128.00, indicating a decrease of about 3.8%[32] - Non-current assets increased to CNY 995,300,903.04 from CNY 961,445,016.03, reflecting an increase of approximately 3.5%[33] - Total liabilities decreased to CNY 288,332,118.72 from CNY 306,569,147.24, a reduction of about 5.9%[34] - The company's equity attributable to shareholders rose to CNY 1,292,498,718.84 from CNY 1,270,965,296.02, marking an increase of approximately 1.7%[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 45,781[11] - The largest shareholder, Shenzhen Special Zone Development Group Co., Ltd., holds 49.09% of the shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] - The company has no overdue commitments from shareholders or related parties during the reporting period[20] - There are no violations regarding external guarantees or non-operating fund occupation by major shareholders[25][26] Government Subsidies and Other Income - The company received government subsidies amounting to ¥1,198,548.91, primarily due to the impact of the pandemic[8] - Other income surged by 1076.40% to ¥1,038,078.15, driven by government subsidies and penalties from early lease terminations[16] Investment Activities - Investment cash flow decreased by ¥374,671,377.68 to -¥304,041,964.84 due to increased purchases of financial products and project investments[16] - The company plans to sell a 25% stake in Shenzhen Dongfeng Automotive Co., which may impact current profits and net income[17] - The company reported a cash inflow of ¥7,000,000.00 from minority shareholders' investments, down from ¥20,000,000.00 in the previous period[58] - The net cash flow from investment activities was negative at -¥304,041,964.84, contrasting with a positive cash flow of ¥70,629,412.84 in the previous period[57]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥197,051,790.29, a decrease of 29.19% compared to ¥278,268,739.33 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥25,594,985.78, down 42.84% from ¥44,779,948.60 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥21,402,820.83, a decline of 47.28% compared to ¥40,593,359.72 in the same period last year[17]. - The net cash flow from operating activities was ¥17,306,322.20, which is 36.92% lower than ¥27,434,059.30 in the previous year[17]. - The basic earnings per share decreased to ¥0.0594, down 42.83% from ¥0.1039 in the same period last year[17]. - The total profit was 33.22 million yuan, a decrease of 1,780.18 million yuan compared to the previous year[34]. - The company reported a significant decline in jewelry wholesale and retail revenue, which fell by 82.53% to $16.96 million from $97.10 million year-on-year[38]. - The automotive sales segment saw an increase of 24.67%, generating $98.80 million, compared to $79.25 million in the previous year[38]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,576,055,264.66, a decrease of 4.24% from ¥1,645,782,144.03 at the end of the previous year[17]. - The total liabilities decreased to CNY 231,897,438.85 from CNY 306,569,147.24, indicating a reduction of approximately 24.4%[121]. - The company's total liabilities decreased to CNY 277,748,279.44, down 13.2% from CNY 320,158,557.79 at the end of 2019[126]. - Cash and cash equivalents decreased by 95.24 million yuan, a decline of 22.21% primarily due to tax payments and cash dividends[26]. - Cash and cash equivalents at the end of the period were CNY 304,937,895.62, a decrease from CNY 399,241,051.16 at the end of the first half of 2019[138]. Investment and Capital Structure - Long-term equity investments increased by 8.52 million yuan, a growth of 5.25% as of June 30, 2020[26]. - The company invested 403 million RMB in bank financial products, with an outstanding balance of 115 million RMB[88]. - The company is focusing on enhancing its capital structure through various equity instruments and reserves[145]. - The company reported an investment income of CNY 12,881,490.50 for the first half of 2020, down 22.5% from CNY 16,711,450.93 in the same period last year[129]. Dividend and Profit Distribution - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has committed to using profits from 2020 to 2022 primarily to offset previous years' losses before implementing any profit distribution to shareholders[64]. - The company plans to distribute cash dividends of no less than 10% of the distributable profits for the year, with a cumulative cash distribution over the last three years not less than 30% of the average annual distributable profits[65]. - The company allocated 18,104,449.44 CNY for dividend distribution, which is a significant increase compared to the previous period, suggesting a commitment to shareholder returns despite losses[144]. Business Strategy and Future Outlook - The company plans to enhance the quality of old properties and shift from traditional leasing to property asset operation to stabilize income and cash flow[29]. - The company plans to continue focusing on market expansion and new product development to recover from the impacts of the pandemic[36]. - The company aims to continue its strategic transformation and innovate business models to expand market share and stabilize long-term development[58]. - The company plans to enhance its resource integration, project management capabilities, and professional talent reserves to address the challenges of market competition[59]. Compliance and Governance - The company has no major litigation or arbitration matters during the reporting period[68]. - The company has not undergone any bankruptcy reorganization during the reporting period[67]. - The company has no significant penalties or rectification situations during the reporting period[70]. - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[72]. - The company emphasizes the importance of timely and accurate disclosure of information related to new business developments[64]. Economic Impact and Challenges - The company faced significant negative impacts from the overall economic environment due to the pandemic, leading to a substantial decline in market demand for jewelry[58]. - The main reasons for the revenue decline include the impact of the COVID-19 pandemic on small and medium-sized enterprises and a significant drop in market demand for the jewelry industry[95]. - The company plans to continue risk control and explore new business models during the downturn in the jewelry industry caused by the pandemic[95]. Accounting and Financial Reporting - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[158]. - The financial report for the first half of 2020 was not audited[117]. - The company has established specific accounting policies and estimates for financial instrument impairment, fixed asset depreciation, intangible asset amortization, and revenue recognition[157]. - Financial assets are classified into three categories upon initial recognition: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[168].