CMPO(SZ:001914)2019-08-09 16:00Financial Performance - The company's operating revenue for the reporting period was ¥2,580,418,763.02, a decrease of 7.66% compared to the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥84,806,691.03, down 32.61% year-on-year[23]. - The basic earnings per share were ¥0.1272, a decrease of 32.59% from the previous year[23]. - The company reported a total profit of 13,462,000 yuan, down 7,212,000 yuan or 34.88% year-on-year, primarily due to a decline in revenue and gross profit[46]. - Net profit attributable to the parent company was 8,481,000 yuan, a decrease of 4,104,000 yuan or 32.61% compared to the previous year[48]. - The company reported a total revenue of 451.77 million for engineering and maintenance services, representing a 7.17% increase compared to the previous period[117]. - The company achieved a market price of 344.03 million for property management fees and utilities, representing a 0.17% increase[120]. Cash Flow and Assets - The net cash flow from operating activities was -¥564,161,048.75, an increase of 293.81% compared to the previous year[23]. - The net cash flow from investing activities decreased by 94.39% to RMB 29,030,407.96, as there were no proceeds from the transfer of subsidiary shares this period[49]. - The net cash flow from financing activities was negative RMB 530,516,118.36, an increase in outflow of 332.30% compared to the previous year[49]. - The net increase in cash and cash equivalents was negative RMB 1,065,646,759.15, a decline of 523.81% year-on-year[49]. - Total assets at the end of the reporting period were ¥12,309,924,537.03, down 6.99% from the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were ¥4,724,518,222.49, a decrease of 2.43% compared to the previous year[23]. Revenue Breakdown - Property management business generated revenue of 199,617,000 yuan, an increase of 34,899,000 yuan or 21.19%, accounting for 77.36% of total revenue[45]. - Real estate development and operation revenue was 45,108,000 yuan, a decrease of 56,724,000 yuan or 55.70%, representing 17.48% of total revenue[45]. - The property and catering service sector generated RMB 2,066,283,917.20 in revenue, up 12.02% year-on-year[55]. - Revenue from real estate development and operation surged by 59.94% to RMB 451,083,177.68, despite a significant drop in gross margin[55]. Investments and Projects - The company has increased investment in the development of smart property platforms, with 484 projects launched by mid-2019[43]. - The company is exploring a light asset model for its commercial operations, focusing on management and brand output[44]. - The company aims to optimize its asset structure through the disposal of non-strategic assets to support its strategic transformation[35]. - The company has ongoing real estate projects including Kunshan Jiufang City and Longyan Zhonghang Zijin Yunxi, with several projects completed and in the sales phase[69]. Risks and Strategic Plans - The company has outlined potential risks and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[6]. - The company is facing risks related to strategic transformation, including resource mismatch and inadequate management coordination, and plans to enhance resource alignment and management structures to support strategic implementation[97]. - The company has not planned to distribute cash dividends or issue bonus shares for the half-year period[102]. Related Party Transactions - The company reported a total expected related party transactions amounting to approximately RMB 587.06 million for 2019[147]. - During the reporting period, the company engaged in related party transactions totaling RMB 231.84 million, which is within the expected total limit for the year[147]. - The company expects to continue its daily related party transactions with Aviation Industry and its subsidiaries, ensuring compliance with the approved limits[147]. Subsidiary Performance - Zhonghang Property Management Co., Ltd. achieved operating revenue of CNY 206.48 million, a net profit of CNY 10.51 million, representing a year-on-year increase of 12.75% due to new property management projects and extended services[90]. - Shenzhen Zhonghang Real Estate Development Co., Ltd. reported operating revenue of CNY 11.68 million and a net profit of CNY 9.24 million, up 43.58% year-on-year, attributed to increased revenue and gross profit[90]. - Shenzhen Zhengzhang Dry Cleaning Co., Ltd. generated operating revenue of CNY 28.21 million, with a net profit of CNY 1.13 million, down 32.59% year-on-year due to increased period expenses[90]. Guarantees and Liabilities - The company did not have any violations regarding external guarantees during the reporting period[197]. - The total approved guarantee amount for subsidiaries during the reporting period was CNY 49,000,000, with actual guarantees amounting to CNY 50,000,000[191]. - The actual total guarantee amount accounted for 30.92% of the company's net assets[195].