SPG(SZ:200029)2023-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥263,616,779.07, a decrease of 28.01% compared to ¥366,184,498.90 in the same period last year[22]. - The net profit attributable to shareholders was a loss of ¥37,118,182.81, representing a decline of 125.58% from a profit of ¥145,128,330.14 in the previous year[22]. - Basic and diluted earnings per share were both -¥0.0367, down 125.57% from ¥0.1435 in the previous year[22]. - The company reported a net loss of CNY 38,658,122.97 for the first half of 2023, a significant decline from a net profit of CNY 142,960,262.63 in the first half of 2022[130]. - The company's net profit for the first half of 2023 was CNY 25,993,752.32, a significant decrease from CNY 174,812,846.85 in the same period of 2022, representing an approximate decline of 85.13%[135]. - The total comprehensive income for the first half of 2023 was 617.71 million, representing an increase of 8.3% compared to the previous period[148]. - The total comprehensive income of CNY 26,345,807.38 for the first half of 2023, compared to CNY 174,812,846.85 in the same period of 2022, marking a decline of about 84.9%[136]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥192,140,948.04, a 64.95% increase compared to -¥548,115,143.34 in the same period last year[22]. - The net cash flow from operating activities was negative CNY 192,140,948.04, compared to negative CNY 548,115,143.34 in the previous year, showing an improvement but still indicating cash outflow[137]. - Cash and cash equivalents at the end of the period were CNY 174,781,114.58, down from CNY 319,956,294.72 at the end of the first half of 2022, indicating a decrease of approximately 45.3%[138]. - The company received CNY 101,586,610.82 from borrowings in the first half of 2023, while it paid CNY 63,399,744.75 in debt repayments and interest, resulting in a net cash inflow from financing activities of CNY 38,186,866.07[138]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,453,181,740.50, a decrease of 4.16% from ¥5,689,769,802.18 at the end of the previous year[22]. - The company's total assets included cash and cash equivalents of ¥182,290,539, representing 3.34% of total assets, a slight decrease from 3.47% last year[52]. - Total liabilities were CNY 1,269,692,686.79, down from CNY 1,403,228,024.51, representing a reduction of about 9.50%[123]. - The company's equity attributable to shareholders decreased to CNY 3,903,638,382.72 from CNY 4,004,240,547.70, a decline of approximately 2.52%[123]. Revenue Breakdown - Revenue from the real estate sector was ¥72,404,365.93, accounting for 27.47% of total revenue, down 34.91% from ¥228,409,271.55, which represented 62.38% of total revenue last year[48]. - The engineering construction segment saw revenue increase by 28.43% to ¥149,278,954.13, making up 56.63% of total revenue[48]. - The company reported a decrease in sales revenue from CNY 164,207,230.02 in the first half of 2023 compared to CNY 229,484,917.15 in the same period of 2022, reflecting a decline of approximately 28.5%[137]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The management noted that the macroeconomic environment is improving, with policies supporting the recovery of the real estate sector, although market confidence is still in the process of recovery[31]. - The company aims to revise its "14th Five-Year" strategic plan to align with high-quality development requirements[33]. - The company is actively pursuing land expansion and closely monitoring the Shenzhen land auction market dynamics[33]. - The company plans to enhance its operational quality by optimizing project management and marketing systems, aiming to improve the efficiency of new project marketing and inventory clearance[39]. Risk Management - The company is committed to risk management by establishing a risk assessment and early warning mechanism to minimize potential project risks[41]. - The company faced risks related to macroeconomic conditions and the real estate market, with ongoing adjustments to its operational strategies[65][66]. Corporate Governance - The company has established a corporate governance structure with a shareholders' meeting, board of directors, and supervisory board[159]. - The financial report was approved by the eighth board of directors on August 25, 2023[160]. Community Engagement - The company donated 30,000 yuan to support families in need within the community[76]. Shareholder Information - The major shareholder, Shenzhen Investment Holdings Co., Ltd., holds 55.78% of the shares, totaling 564,353,838 shares[108]. - The total number of shareholders at the end of the reporting period was 44,842[108].