Interim Financial Statements 2025 of China Fangda Group Co., Ltd. China Fangda Group Co., Ltd. 2025 Financial Statements August 2025 1 Interim Financial Statements 2025 of China Fangda Group Co., Ltd. I. Auditor's report Whether the interim report is audited □ Yes No The financial statements for H1 2014 have not been audited. II. Financial statements Unit for statements in notes to financial statements: RMB yuan 1. Consolidated Balance Sheet Interim Financial Statements 2025 of China Fangda Group Co., Ltd. ...

Core Viewpoint - The new building materials industry in China is experiencing significant growth due to its superior performance, environmental characteristics, and energy efficiency, making it a key component of the construction sector with vast market potential and promising development prospects [1][3][23]. New Building Materials Industry Definition and Classification - New building materials are defined as a new category of construction materials distinct from traditional bricks and stones, primarily including new wall materials, insulation materials, waterproof materials, and decorative materials [1][3]. Current Development Status of the New Building Materials Industry - The rapid economic development and rising living standards in China have increased demand for housing, providing opportunities for the construction industry. The performance and variety of building materials significantly impact construction methods and safety [3][4]. Market Size and Growth Projections - The market size for new building materials in China is projected to reach CNY 20,661.6 billion in 2024, with specific segments such as waterproof materials at CNY 964.9 billion and wall materials at CNY 13,200.7 billion. By 2025, the market size is expected to grow to approximately CNY 21,099.6 billion [4][6]. Industry Chain Structure - The new building materials industry chain encompasses a complete range from raw materials to end applications, including upstream materials like cement and polymers, midstream production of new building materials, and downstream applications in green buildings and infrastructure [8]. Competitive Landscape - The new building materials market in China is characterized by diversification and differentiation, with leading companies such as Conch New Materials, Beixin Building Materials, China Jushi, and Fangda Group emerging as key players [14][18]. Key Enterprises Overview - Conch New Materials reported a revenue of CNY 5.276 billion in 2024, while Beixin Building Materials achieved CNY 25.821 billion, and China Jushi reached CNY 15.227 billion [16][21]. Development Environment and Technological Innovation - The Chinese government is increasingly supporting green building initiatives, with policies aimed at promoting the development of new building materials. The number of patents in this sector has reached 1,457 from 2016 to 2024, indicating a growing focus on innovation [12][23]. Future Trends - The new building materials industry is expected to continue its growth trajectory, driven by advancements in technology and a focus on sustainability, energy efficiency, and smart building solutions [23].

2025年4月18日，公司第十届董事会第十三次会议审议通过了《方大集团股份有限公司估值提升计 划》。表决情况：同意7票，反对0票，弃权0票。 二、估值提升计划具体方案 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000055，200055 证券简称：方大集团，方大B 公告编号：2025-11号 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、触及情形及审议程序 根据《上市公司监管指引第10号——市值管理》规定，股票连续12个月每个交易日收盘价均低于其最近 一个会计年度经审计的每股归属于公司普通股股东的净资产的上市公司（以下简称"长期破净公司"）， 应当制定上市公司估值提升计划，并经董事会审议后披露。 自2024年1月1日至2024年12月31日，公司股票处于低位波动，已连续12个月每个交易日收盘价均低于最 近一个会计年度经审计的每股归属于公司股东的净资产，其中：2024年1月1日至2024年4月2日，公司每 个交易日收盘价均低于2022年经审计每股净资产5.35元/股；2024年4月2日至2024年12月31日，公司每 个交易日收盘价均低于 ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 2,133,845,587.76, representing a 2.65% increase compared to CNY 2,078,846,877.32 in the same period last year[11]. - Net profit attributable to shareholders decreased by 35.88% to CNY 116,795,117.62 from CNY 182,155,268.18 year-on-year[11]. - The basic earnings per share fell by 35.29% to CNY 0.11, down from CNY 0.17 in the previous year[11]. - The overall gross profit margin decreased by 3.3 percentage points, primarily due to differences in gross profit margins among various projects in the curtain wall and new materials industries[11]. - The net cash flow from operating activities was negative at CNY -171,530,998.21, a significant decline of 359.70% compared to CNY -37,313,711.13 in the previous year[11]. - The weighted average return on net assets decreased to 1.95% from 3.14% year-on-year[11]. - The company achieved operating revenue of 2,133.85 million yuan in the first half of 2024, an increase of 2.65% year-on-year[16]. - The net profit attributable to the parent company was 116.80 million yuan, a decrease of 35.88% compared to the same period last year[16]. - The total profit for the first half of 2024 was CNY 134,386,296.29, compared to CNY 213,584,850.26 in the same period of 2023, reflecting a decrease of about 37%[117]. - The company reported a net investment loss of ¥2,082,121.20, accounting for -1.55% of total profit[49]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 13,756,615,957.93, an increase of 2.84% from CNY 13,376,351,856.86 at the end of the previous year[11]. - The net assets attributable to shareholders increased by 1.00% to CNY 6,019,556,660.44 from CNY 5,960,140,567.07[11]. - Total liabilities increased to CNY 7,669,377,297.94, up from CNY 7,341,556,018.59, representing a growth of approximately 4.5%[112]. - Current liabilities totaled CNY 5,742,690,744.40, compared to CNY 5,600,512,599.24, indicating an increase of about 2.5%[112]. - Non-current liabilities rose to CNY 1,926,686,553.54 from CNY 1,741,043,419.35, reflecting an increase of approximately 10.7%[112]. - The company's short-term borrowings increased to ¥2,428,741,196.99, representing 17.66% of total assets, up from 16.51% the previous year[50]. Cash Flow - The net cash flow from operating activities for the first half of 2024 was -171,530,998.21 CNY, compared to -37,313,711.13 CNY in the same period of 2023, indicating a decline in operational cash flow[122]. - Total cash inflow from operating activities increased to 2,062,732,335.41 CNY in the first half of 2024, up from 1,968,418,877.88 CNY in the first half of 2023, representing a growth of approximately 4.8%[122]. - Cash outflow from operating activities rose to 2,234,263,333.62 CNY in the first half of 2024, compared to 2,005,732,589.01 CNY in the same period of 2023, reflecting an increase of about 11.4%[122]. - Cash inflow from financing activities significantly increased to 2,584,572,144.44 CNY in the first half of 2024, compared to 1,173,858,273.98 CNY in the first half of 2023, marking a growth of approximately 120%[122]. - The total cash and cash equivalents at the end of the first half of 2024 amounted to 908,462,270.84 CNY, up from 748,672,706.05 CNY at the end of the first half of 2023, indicating an increase of about 21.4%[122]. Research and Development - R&D expenses amounted to 8,563.96 million yuan, accounting for 4.01% of total revenue, reflecting the company's commitment to innovation[22]. - The company completed 40 new R&D project approvals for smart curtain wall systems and new materials during the reporting period, and applied for 5 new patents[22]. - The company is focusing on low-carbon, environmentally friendly, and sustainable new materials, with products used in over 160 cities worldwide[18]. - The company has been recognized as a "national intellectual property advantage enterprise" and a "specialized and innovative" enterprise in Shenzhen, reflecting its strong R&D capabilities[37]. Market and Strategy - The company is actively adjusting its business strategy to address market challenges, focusing on risk control, market expansion, and innovation[16]. - The company aims to strengthen its international presence by implementing a "going out" strategy, focusing on markets in Southeast Asia, the Middle East, Hong Kong, and Japan[22]. - The company is expanding its production capacity with the new low-carbon intelligent base in Ganzhou, which integrates 5G, digitalization, IoT, and intelligent systems[21]. - The company is leading the drafting of the first national standard for urban rail transit platform screen door systems, which will have significant guiding implications for the industry[29]. Social Responsibility and Sustainability - The company actively engages in social responsibility initiatives, including rural economic development projects and various public welfare activities[77]. - The company has established several distributed solar photovoltaic power stations, contributing stable profits and cash flow, in line with the national dual carbon strategy[31]. - The company has implemented a new strategy focusing on sustainability, with a goal to reduce carbon emissions by 40% by 2025[162]. Governance and Compliance - The financial statements are prepared based on the going concern principle and comply with the relevant accounting standards[136]. - The company has established a governance structure that includes a board of directors, supervisory board, and various departments to ensure effective management[135]. - The company reported no significant litigation or arbitration matters during the reporting period[79]. - There were no non-operating fund occupations by controlling shareholders or related parties[80].

Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,137,526,186.81, representing a 13.39% increase year-over-year[5] - The net profit attributable to shareholders for Q3 2023 was CNY 84,282,378.36, a decrease of 16.89% compared to the same period last year[5] - Total revenue for Q3 2023 reached ¥3,216,373,064.13, an increase of 22.9% compared to ¥2,616,275,080.38 in Q3 2022[16] - The net profit for the third quarter of 2023 was 270,522,496.86 CNY, compared to 216,523,125.76 CNY in the previous year, reflecting an increase of about 24.9%[17] - The total comprehensive income for the third quarter was 261,760,355.45 CNY, compared to 213,993,044.79 CNY in the same period last year, marking an increase of approximately 22.3%[17] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY -20,744,024.66, showing a significant improvement of 90.09% compared to the previous year[5] - The cash flow from operating activities showed a net outflow of -20,744,024.66 CNY, an improvement from -209,335,478.91 CNY in the previous year[19] - The cash flow from financing activities resulted in a net outflow of -239,267,638.34 CNY, compared to a net inflow of 21,325,490.69 CNY in the same period last year[20] - The cash and cash equivalents decreased to CNY 1,158,068,880.74 from CNY 1,238,754,216.50, representing a decline of about 6.5%[13] - The cash and cash equivalents at the end of the period were 462,393,738.39 CNY, down from 652,529,908.68 CNY at the end of the previous year[20] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to CNY 13,057,370,426.44, reflecting a 2.45% increase from the end of the previous year[5] - As of September 30, 2023, the total current assets amounted to CNY 6,092,516,914.34, an increase from CNY 5,449,988,220.67 at the beginning of the year, reflecting a growth of approximately 11.7%[13] - The total non-current assets were reported at CNY 6,052,123,000.00, slightly down from CNY 6,052,123,000.00 at the beginning of the year[13] - The total liabilities increased to ¥7,028,918,620.09 in Q3 2023 from ¥6,924,800,131.77 in Q3 2022, marking a rise of 1.5%[15] - The total liabilities as of September 30, 2023, were not explicitly stated but are critical for assessing the company's financial health[12] Shareholder Information - The company's basic earnings per share for Q3 2023 was CNY 0.08, down 11.11% year-over-year[5] - The total number of ordinary shareholders at the end of the reporting period was 51,139[9] - The company's total equity increased to ¥6,028,451,806.35 in Q3 2023 from ¥5,820,385,162.25 in Q3 2022, showing a growth of 3.6%[15] Operational Metrics - The total operating costs for Q3 2023 were ¥2,897,920,751.11, up from ¥2,380,673,213.84 in the same period last year, reflecting a 21.7% increase[16] - The operating profit for the third quarter was 318,174,727.86 CNY, up from 250,755,387.39 CNY, indicating a growth of approximately 27.0%[17] - Research and development expenses for Q3 2023 were ¥129,993,839.96, compared to ¥112,565,728.12 in Q3 2022, reflecting a 15.5% increase[16] Investment and Financing Activities - The short-term borrowings increased by 56.67% to CNY 2,065,313,922.33, indicating a rise in financing activities[8] - Short-term borrowings rose significantly to ¥2,065,313,922.33 in Q3 2023 from ¥1,318,238,522.78 in Q3 2022, an increase of 56.6%[15] - The company experienced a 177.54% decrease in investment income, reporting CNY -4,435,209.77, primarily due to reduced bank interest income and increased factoring fees[8] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - The company incurred a total of 1,213,102.06 CNY in non-operating expenses during the quarter, a decrease from 4,611,703.55 CNY in the previous year[17] - The company has maintained a stable long-term equity investment of CNY 54,778,274.18, showing minimal change from CNY 54,969,042.14 at the beginning of the year[13] - The intangible assets increased to CNY 93,212,928.73 from CNY 72,679,444.26, reflecting a growth of approximately 28.2%[13] - The company reported a significant increase in contract assets to CNY 2,713,487,736.52 from CNY 2,158,860,658.43, marking a growth of about 25.6%[13]

Financial Performance - The company's operating revenue for the first half of 2023 was ¥2,078,846,877.32, representing a 28.88% increase compared to ¥1,613,063,315.30 in the same period last year[19]. - Net profit attributable to shareholders was ¥182,155,268.18, a 61.65% increase from ¥112,685,273.77 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥172,484,336.75, up 64.09% from ¥105,117,575.02 in the previous year[19]. - The basic earnings per share increased by 70.00% to ¥0.17 from ¥0.10 in the same period last year[19]. - The total assets at the end of the reporting period were ¥12,939,324,425.23, a 1.52% increase from ¥12,745,185,294.02 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 2.06% to ¥5,868,299,387.85 from ¥5,749,940,874.92 at the end of the previous year[19]. - The net cash flow from operating activities improved significantly, with a net outflow of ¥37,313,711.13 compared to a net outflow of ¥306,580,793.04 in the same period last year, marking an 87.83% improvement[19]. - The weighted average return on equity was 3.14%, up from 2.03% in the previous year, reflecting improved profitability[19]. Market Position and Growth - The company’s order reserve reached 8,485.53 million yuan, a growth of 6.69% year-on-year, which is 4.08 times the operating revenue for the first half of 2023[28]. - The smart curtain wall and new materials segment generated operating revenue of 1,654.85 million yuan, a 43.80% increase year-on-year, with a net profit of 101.94 million yuan, up 75.67%[34]. - The company has established a presence in key regions along the "Belt and Road" initiative, including Singapore, India, Australia, and Bangladesh[27]. - The company’s smart curtain wall systems are widely used in over 160 cities globally, enhancing energy efficiency and aesthetic appeal[30]. - The company’s focus on high-end markets has resulted in significant project wins, including major contracts with Tencent and Alibaba[34]. - The company has secured contracts for multiple projects, including the Singapore Metro CRL152 project and various lines in Qingdao, Suzhou, and Xi'an, totaling 765.99 million yuan, exceeding the total order amount for the entire year of 2022[49]. - The company is actively expanding its overseas market presence, having won projects in countries along the "Belt and Road" initiative, including Singapore, Malaysia, and Thailand[49]. Innovation and Technology - The company has a total of 620 patents and 19 software copyrights related to curtain wall technology, showcasing its strong innovation capabilities[35]. - The company has developed a smart production line utilizing BIM technology and various management platforms, enhancing project management and product traceability[36]. - The company has developed a high-speed rail platform door installation solution, with over 61 patent applications submitted and 29 patents granted, enhancing its competitive edge in the market[62]. - The company has introduced new technologies aimed at improving production processes and reducing costs[184]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[188]. Risk Management and Challenges - The management has highlighted ongoing market risks and operational challenges, which are detailed in the risk management section of the report[4]. - The company faces risks from macroeconomic changes, which could impact demand in the public building curtain wall and rail transit equipment industries[95]. - Increased competition in the curtain wall industry and rail transit screen door market may affect the company's market position and profitability[97]. - The company is implementing measures to mitigate production risks related to raw material price volatility and labor cost increases[98]. - Management risks are being addressed through process optimization and the recruitment of high-quality talent to support the company's expansion[99]. Environmental and Social Responsibility - The company has implemented a green and low-carbon development strategy, integrating environmental concepts into technology innovation[110]. - The company generated 9.0146 million kWh of solar photovoltaic power in the first half of 2023, reducing carbon dioxide emissions by nearly 10,000 tons[110]. - The company has established an environmental management system, with multiple subsidiaries certified under ISO14001[111]. - The company has made a total donation of 217,900 yuan for social welfare activities, including support for rural revitalization[112]. - The company does not belong to the key pollutant discharge units announced by the environmental protection department and has not faced any administrative penalties for environmental issues during the reporting period[109]. Corporate Governance and Structure - The company has undergone a board and supervisory board election on March 20, 2023, with several new appointments made[103]. - The company has a governance structure that includes a shareholders' meeting, board of directors, and supervisory board[197]. - The financial report was approved by the board of directors on August 25, 2023[199]. - The company follows the Chinese accounting standards and guidelines for financial reporting[200]. - The company has a total of 34 subsidiaries included in the consolidation scope for this reporting period[199]. Future Outlook and Strategic Initiatives - The company plans to expand its market presence and invest in new product development to drive future growth[184]. - The company expects a revenue growth forecast of 6-8% for the second half of 2023, driven by increased demand in key markets[184]. - The company is exploring potential mergers and acquisitions to further strengthen its market position[188]. - A strategic acquisition of a competitor is in progress, valued at approximately 10,788 million, aimed at enhancing product offerings and market reach[136]. - The company plans to spin off Fangda Zhiyuan Technology Co., Ltd. for listing on the Shenzhen Stock Exchange's Growth Enterprise Market, with the application currently under normal review[141].

Financial Performance - The company's operating revenue for 2022 was CNY 3,846,975,948.44, representing an increase of 8.13% compared to CNY 3,557,724,397.54 in 2021[18]. - The net profit attributable to shareholders for 2022 was CNY 282,933,854.32, a growth of 27.35% from CNY 222,168,142.53 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 270,965,220.96, which is a 61.63% increase from CNY 167,650,395.54 in 2021[18]. - The net cash flow from operating activities improved significantly to CNY 221,211,632.30, compared to a negative cash flow of CNY -63,425,296.29 in 2021, marking a 448.78% increase[18]. - Basic earnings per share for 2022 were CNY 0.26, up 23.81% from CNY 0.21 in the previous year[18]. - Total assets at the end of 2022 reached CNY 12,745,185,294.02, reflecting a 3.95% increase from CNY 12,261,338,518.66 at the end of 2021[18]. - The net assets attributable to shareholders increased to CNY 5,749,940,874.92, a rise of 4.09% from CNY 5,524,039,886.94 in 2021[18]. - The weighted average return on equity for 2022 was 5.03%, an increase from 4.09% in 2021[18]. Market and Industry Position - The company has identified potential market risks, management risks, and operational risks in its future outlook[3]. - The domestic building curtain wall market is maturing, leading to increased competition and a higher industry concentration, benefiting leading companies[34]. - The company’s smart curtain wall products are aligned with national policies promoting domestic demand expansion and sustainable development[31]. - The company is positioned to benefit from the expanding urban rail transit market, with significant investments expected in infrastructure development, including an anticipated addition of 3,000 kilometers of urban rail transit during the 14th Five-Year Plan[42]. - The company is actively expanding its market presence, with new orders from cities like Wuhan, Shenzhen, and international projects in Colombia and India[47]. Research and Development - The company has established a strong R&D capability with 7 national high-tech enterprises and 6 "specialized, refined, distinctive, and innovative" enterprises[29]. - The company holds 598 patents and 19 software copyrights, and has participated in drafting 22 national/industry technical standards, enhancing its innovation capabilities and industry influence[37]. - The company is currently developing several new products, including a new generation of intelligent curtain wall systems and a new generation of full-height platform doors, aimed at enhancing market competitiveness[94]. - The company is investing 457 million in research and development for new technologies to enhance operational efficiency[142]. Operational Efficiency and Management - The company has established a comprehensive quality control system, achieving dual certification for ISO9001 and ISO14001, ensuring high-quality product delivery[39]. - The company is actively advancing digital transformation, integrating technologies such as BIM, cloud computing, and big data to improve management efficiency and operational effectiveness[37]. - The company aims to enhance contract management and reduce accounts receivable by implementing a contract-centered approach[124]. - The company plans to improve efficiency and product quality through meticulous management and technological advancements[125]. Social Responsibility and Sustainability - The company generated 19.83 million kWh of solar power, reducing carbon dioxide emissions by nearly 20,000 tons in 2022[175]. - The company has been recognized as a pilot enterprise for carbon emission measurement in building decoration in Shenzhen[175]. - The company actively participates in rural revitalization projects, helping impoverished areas develop sustainable agricultural practices[177]. - The company emphasizes green and sustainable development, integrating environmental considerations into its technological innovations[175]. Corporate Governance - The company adheres to strict governance standards, continuously improving its internal control systems in compliance with relevant regulations[135]. - The company maintains an independent production, sales, and after-sales service system, with no significant related transactions with the controlling shareholder[136]. - The company has established a comprehensive internal control system, with no significant deficiencies reported during the period[169]. - The company reported zero significant defects in both financial and non-financial internal controls for the year 2022[173]. Future Outlook - The company anticipates strong growth in the smart curtain wall and materials system industry, driven by national policies promoting ecological and low-carbon development[119]. - Future guidance indicates a projected revenue growth of 10% for the next fiscal year[142]. - The company plans to spin off its subsidiary, Fangda Zhiyuan Technology Co., Ltd., for an initial public offering on the ChiNext board, which is expected to enhance shareholder value[158].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,613,063,315.30, representing a 2.82% increase compared to CNY 1,568,778,834.98 in the same period last year[19]. - The net profit attributable to shareholders was CNY 112,685,273.77, a slight increase of 1.07% from CNY 111,488,701.33 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 105,117,575.02, which is an 8.26% increase compared to CNY 97,095,794.95 in the previous year[19]. - The net cash flow from operating activities improved by 38.80%, reaching CNY -306,580,793.04, compared to CNY -500,924,545.00 in the same period last year[19]. - Total assets at the end of the reporting period were CNY 12,411,505,782.40, reflecting a 1.22% increase from CNY 12,261,338,518.66 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 1.06%, amounting to CNY 5,582,581,119.09 compared to CNY 5,524,039,886.94 at the end of the last year[19]. - Basic and diluted earnings per share remained unchanged at CNY 0.10[19]. - The weighted average return on equity slightly decreased to 2.03% from 2.05% year-on-year[19]. Industry Performance - The company achieved operating revenue of 1,613.06 million yuan in the first half of 2022, an increase of 2.82% year-on-year[28]. - The company's order reserve reached 7,953.65 million yuan, a growth of 26.97% year-on-year, which is 4.93 times the operating revenue for the first half of 2022[28]. - The smart curtain wall and materials industry generated operating revenue of 1,150.77 million yuan, a year-on-year increase of 4.89%, and net profit of 58.03 million yuan, up 124.69% year-on-year[34]. - The gross profit margin for the smart curtain wall and materials industry was 15.67%, an increase of 1.39 percentage points year-on-year[34]. - The company secured high-end curtain wall and materials orders totaling 3,074.85 million yuan, a year-on-year increase of 19.17%[34]. - The order reserve for the smart curtain wall and materials industry was 6,364.43 million yuan, a growth of 39.37% year-on-year, which is 5.53 times the operating revenue for the first half of 2022[34]. - The company achieved operating revenue of 300.27 million yuan in the rail transit screen door industry, representing a year-on-year growth of 12.17%[45]. - The order backlog reached 1.59 billion yuan, which is 5.29 times the operating revenue for the first half of 2022[45]. Risk Management and Corporate Governance - The report highlights the company's commitment to addressing market, management, and operational risks[4]. - The company has established risk management measures for its derivative investments, focusing on aluminum futures and foreign exchange derivatives[81]. - The company has a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board[189]. - The company has not engaged in any major asset or equity sales during the reporting period, maintaining its asset base[83]. - There were no related party transactions during the reporting period[112]. Real Estate Sector - The company's real estate projects in Shenzhen and Nanchang are expected to benefit from the stable policies and demand recovery in the second half of 2022, particularly in the Shenzhen market where demand remains concentrated[47]. - The sales rate for the Shenzhen Fangda City project reached 96.28%, while the rental rate for self-owned properties was 84.86%[48]. - In Nanchang, the Fangda Center project had a sales rate of 30.23% and a rental rate of 78.77%, impacted by high inventory levels in the commercial office market[48]. - The macroeconomic environment and regulatory adjustments are expected to influence the company's real estate sales and gross profit margins, but profits are still anticipated[48]. - The company has accumulated significant real estate development experience and operates with a self-developed professional team for property management[48]. Innovation and Technology - The company has developed a digital information management system to enhance quality control and operational efficiency[38]. - The company is committed to low-carbon and green initiatives, being an early developer in photovoltaic building integration (BIPV) technology[46]. - The company has established an environmental management system and has multiple subsidiaries certified under ISO14001[101]. - The company is focusing on expanding its international market presence while consolidating its domestic market[88]. - Research and development efforts are being prioritized to innovate new products and technologies[185]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,836[141]. - The largest shareholder, Shenzhen Banglin Technology Development Co., Ltd., holds 11.11% of the shares, totaling 119,332,846 shares[142]. - The second largest shareholder, Shengjiu Investment Co., Ltd., holds 10.11% of the shares, totaling 108,579,318 shares[142]. - The report indicates a stable shareholder structure with no significant changes in ownership dynamics[145]. Future Outlook - The company expects a gradual recovery in the second half of 2022, projecting a revenue growth of approximately 5%[182]. - Future guidance indicates a positive outlook for revenue growth, supported by ongoing market demand and strategic investments[185].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 651,720,353.86, representing a 0.77% increase compared to the same period last year[3]. - Net profit attributable to shareholders decreased by 41.61% to CNY 43,891,930.78, primarily due to a reduction in the reversal of impairment provisions[4]. - Basic and diluted earnings per share fell by 42.86% to CNY 0.04[3]. - Net profit for Q1 2022 was CNY 44,435,404.89, down from CNY 76,983,415.83 in the same period last year[19]. - The total comprehensive income attributable to the parent company for Q1 2022 was ¥44,039,160.23, down from ¥75,983,239.38 in Q1 2021, indicating a decrease of about 42.2%[20]. - The total comprehensive income for Q1 2022 was ¥44,578,936.78, compared to ¥77,764,810.50 in Q1 2021, indicating a decline of approximately 42.5%[20]. Cash Flow - The net cash flow from operating activities improved by 28.55%, amounting to CNY -304,745,092.98, compared to CNY -423,296,463.74 in the previous year[3]. - Cash inflow from operating activities totaled ¥704,238,305.67, while cash outflow was ¥1,008,983,398.65, resulting in a net cash outflow of ¥304,745,092.98[23]. - The net cash flow from investing activities was -¥155,147,278.79, worsening from -¥85,292,491.98 in the previous year[24]. - Cash and cash equivalents at the end of Q1 2022 stood at ¥473,716,127.79, down from ¥728,868,024.63 at the end of Q1 2021[24]. - The company reported cash inflow from investment activities of ¥1,093,545,102.98, while cash outflow was ¥1,248,692,381.77, leading to a net cash outflow[24]. - The company received cash from borrowings amounting to ¥311,103,606.96 in Q1 2022, down from ¥470,000,000.00 in Q1 2021[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,029,065,493.96, a decrease of 1.89% from the end of the previous year[3]. - Total assets as of March 31, 2022, were CNY 12,029,065,493.96, down from CNY 12,261,338,518.66 at the beginning of the year[16]. - Total liabilities decreased to CNY 6,393,280,638.58 from CNY 6,670,132,600.06 at the beginning of the year[16]. - Cash and cash equivalents decreased by 34.65% to CNY 841,433,177.21, primarily due to net cash outflows from operating and investing activities[9]. - Cash and cash equivalents decreased to CNY 841,433,177.21 from CNY 1,287,563,759.32 at the beginning of the year[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,600[10]. - The top ten shareholders held a combined 36.67% of the company's shares, with Shenzhen Banglin Technology Development Co., Ltd. being the largest shareholder at 11.11%[11]. Operational Costs and Expenses - Total operating costs increased to CNY 615,157,375.52 from CNY 601,892,662.00 in the previous period[19]. - The company’s financial expenses increased to CNY 26,690,766.03 from CNY 20,514,401.15 in the previous period[19]. - The company’s R&D expenses were CNY 35,588,159.99, slightly down from CNY 36,040,347.02 in the previous period[19]. Inventory and Receivables - Inventory increased to CNY 762,415,796.18 from CNY 733,280,924.98 at the beginning of the year[14]. - The company reported a decrease in accounts receivable to CNY 521,602,830.57 from CNY 556,453,824.20[14]. Return on Equity - The weighted average return on equity was 0.79%, down from 1.39% in the same period last year[3].

Financial Performance - The company's operating revenue for Q1 2021 was ¥643,347,177.89, representing a 55.46% increase compared to ¥413,826,888.79 in the same period last year[8] - Net profit attributable to shareholders decreased by 20.71% to ¥75,153,468.91 from ¥94,777,419.75 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥58,982,525.69, down 38.28% from ¥95,563,557.35 in the previous year[8] - Basic and diluted earnings per share both decreased by 12.50% to ¥0.07 from ¥0.08 year-on-year[8] - Total operating revenue for Q1 2021 reached ¥643,347,177.89, a significant increase from ¥413,826,888.79 in the previous period[41] - Net profit for Q1 2021 was ¥76,964,503.22, a decrease of approximately 18.8% compared to ¥94,768,755.65 in the same period last year[43] - The company reported a total comprehensive income of ¥77,745,897.89, slightly lower than ¥81,719,675.26 from the previous period[44] Cash Flow - The net cash flow from operating activities was negative at -¥423,296,463.74, a decline of 24.83% compared to -¥339,105,046.99 in the same period last year[8] - Cash inflow from operating activities totaled CNY 924,533,736.04, up from CNY 626,766,874.44 year-over-year[51] - The company reported a net cash outflow from operating activities of CNY -423,296,463.74, compared to CNY -339,105,046.99 in the previous year[51] - Cash flow from investing activities showed a net outflow of CNY -92,492,491.98, a decrease from a net inflow of CNY 97,240,746.73 in the same quarter last year[51] - Cash flow from financing activities resulted in a net inflow of CNY 219,338,472.73, down from CNY 296,410,477.52 in the previous year[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,298,662,748.85, a decrease of 4.79% from ¥11,866,857,250.39 at the end of the previous year[8] - The company's current assets decreased to CNY 4,542,494,570.57 from CNY 5,128,701,383.55, representing a reduction of about 11.4%[33] - Total liabilities decreased to CNY 5,777,510,575.48 from CNY 6,419,461,258.91, indicating a decline of approximately 10%[35] - The company's cash and cash equivalents decreased to CNY 1,050,347,975.31 from CNY 1,459,840,020.10, a decline of approximately 28%[33] - Total liabilities increased to ¥633,812,021.09 from ¥601,377,309.77, reflecting a growth in financial obligations[42] Investment and R&D - The company's research and development expenses increased by 133.92% to CNY 35.04 million, up from CNY 14.98 million in the previous year, reflecting a significant increase in R&D investment[17] - Research and development expenses for Q1 2021 were ¥35,042,482.29, significantly higher than ¥14,980,824.81 in the previous year, indicating a focus on innovation[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,739[13] - Net assets attributable to shareholders increased by 1.41% to ¥5,456,823,373.42 from ¥5,380,857,155.39 at the end of the previous year[8] - Total equity attributable to shareholders increased to CNY 5,456,823,373.42 from CNY 5,380,857,155.39, a growth of about 1.4%[36] Other Financial Metrics - The weighted average return on equity was 1.39%, down from 1.81% in the previous year, a decrease of 0.42%[8] - The company reported non-recurring gains of ¥16,170,943.22, which included a reversal of impairment provisions for receivables amounting to ¥14,600,000.00[11] - The company recorded an investment income of ¥41,032.31, down from ¥241,358.65 in the previous period, reflecting challenges in investment performance[42] - The company paid CNY 367,577,705.38 in taxes during the quarter, significantly higher than CNY 31,853,052.06 in the previous year[51] Risk Management - The company has established and implemented risk management measures for its derivative investments, including internal control systems for commodity futures hedging[23] - The company has no overdue external guarantees or non-operating fund occupation by controlling shareholders or related parties during the reporting period[26]