TigerResearch/tigerbot-earning-plugin huggingface dataset:
1. Changes of macroeconomic situation and industrial policy environment related to the real estate industry;
industrial development status and policies of the city where the Company's main projects are located, and its impact on the future operating performance and profitability of the listed company;
At the end of 2022, the real estate policy entered a comprehensive easing cycle, and the financing policies such as credit
support, bond financing support, equity financing support, domestic guarantee and foreign loan continued to be relaxed. The hot cities actively rescued the demand side of the real estate market, and improved the strong policy support. The relevant departments also released space for local city-specific policies while increasing the policy loosening efforts. In particular, the Central Economic Work Conference held in December 2022 proposed that the economic work in 2023 should focus on expanding domestic demand and ensuring the stable development of the real estate market. The implementation of policies in cities, support for rigid and
improved housing demand, etc., all indicates that the future expectations of the real estate market are improving.
The Company's real estate projects are in Shenzhen and Nanchang. Shenzhen's market remains relatively concentrated in terms of popularity and demand. Construction of the Guangdong Hong Kong Macao Bay area has been further promoted. Shenzhen's strong development trend will be recognized by more investors as a special economic zone and a leading demonstration area. According to the "City of Opportunity 2022" report jointly released by the China Development Research Foundation and PricewaterhouseCoopers, Shenzhen ranks first in China in the fields of "technology and innovation" and "business environment". Shenzhen's positive image of being livable, suitable for business and business has been more recognized, and its urban charm and influence projection are becoming stronger and wider.
In 2022, affected by the epidemic and economic downturn, the supply and demand of Nanchang real estate market declined significantly, and the consumption of commercial housing market was weak, but the market has entered the end of the adjustment period. Looking forward to 2023, under the conditions of loose policies and domestic macroeconomic recovery, the real estate market transactions will improve. In the medium and long term, the Nanchang real estate market will generally show a trend of stabilizing sales and prices.
The Company's real estate business is still expected to contribute to the Company's profits.
2. The Company's main business model, business project format, market position and competitive advantage, main risks and countermeasures
The Company's real estate business mainly adopts the business model of self-development, partial sales and partial self-
supporting. At present, the Company develops, sells, and leases mainly office, commercial, and apartment properties. After years of unremitting efforts, the Company has acquired a wealth of experience in real estate development and operation, as well as operating and managing its commercial and residential properties through its own professional staff.
At present, the real estate projects operated by the Company are in Shenzhen and Nanchang.
Shenzhen is located in the core area of Guangdong, Hong Kong and Macao Dawan district.The Company's Shenzhen Fangda Town project has a rapid sales and leasing rate and has been highly recognized by the Shenzhen market. At the end of the
reporting period, the sales rate of Shenzhen Fangda Town project was 98.32%, and the leasing rate of self owned properties was78.41%. However, due to the large inventory of commercial office buildings in Nanchang and the downward trend of volume and price, the sales has slowed down. At the end of the reporting period, the sale rate of Nanchang Fangda Center project was 38.90%, and the occupancy rate of self-owned properties was 82.26%.
The Company's real estate industry will still face risks such as national macro policy regulation, and market competition in the future. The Company will comply with policy changes, continue to in-depth optimization in brand building, marketing and promotion, reduce operational and management risks, and maintain the Company's steady development.
Parcel or project name| Land location| Purpose| Land area(m2)| Building area (m2)| Obtaining method| Interests percentage| Total land price (ten thousand yuan)| Equity considerati on (ten thousand yuan)
 No||||||||
Project/region name| Floor area (10,000 m2)| Total building area (10,000 m2)| Remaining building area(10,000 m2)
 No|||
City/r egion| Projec t name| Land locati on| Projec t form| Intere sts perce ntage| Starti ng time| Devel opme nt progre ss| Comp letion rate| Land area(m2)| Planni ng constr uction area(m2)| Area compl eted in this phase(m2)| Total area compl eted in this phase(m2)| Estim ated total invest ment(in RMB10,000)| Accu mulat ed total invest ment(in RMB10,000)
 Shenz hen Nansh an Distri ct| Fangd a Town| No.2 Longz hu 4th Road| Office comm ercial compl ex|100.00%| May1,2014|100%|100.00%|35,397.60|212,400.00|0|217,763.69|258,500|283,600
 Hong| Fangd| No.15| Office|100.0| May|100%|100.0|16,60|66,43|0|65,37|67,00|66,99
gutan New Distri ct, Nanch ang|a Cente r|16 Ganji ang North Avenu e Fangd a Cente r|comm ercial compl ex|0%|1,2018||0%|8.55|2.61||6.94|0|2.35
City/re gion| Project name| Land locatio n| Project form| Interes ts percen tage| Buildi ng area| Sellabl e area(m2)| Cumul ative pre- sale(sales) area(m2)| Pre- sale(sales) area in this period(m2)| Amou nt of pre- sale(sales) in the current period(RMB10,000)| Cumul ative settlem ent area(m2)| Settle ment area in the current period(m2)| Settle ment amoun t in this period(RMB10,000)
 Shenz hen Nansh an Distric t| Fangd a Town| No.2 Longz hu 4th Road| Office comm ercial compl ex|100.00%|212,400.00|93,086.25|91,524.39|2,827.66|14,484.72|91,524.39|2,827.66|14,484.72
 Hongg utan New Distric t, Nanch ang| Fangd a Center| No.1516 Ganjia ng North Avenu e Fangd a Center| Office comm ercial compl ex|100.00%|65,376.94|25,996.84|10,111.83|2,557.44|3,355.49|10,111.83|2,557.44|3,355.49
Project name| Land location| Project form| Interests percentage| Leasable area(m2)| Cumulative leased area (m2)| Average lease ratio
 Shenzhen Fangda Town| Shenzhen Nanshan District| Commercial and office building|100.00%|95,293.23|74,719.03|78.41%
 Shenzhen Fangda Building| Shenzhen Nanshan District| Office building|100.00%|17,725.36|14,074.37|79.40%
 Jiangxi Nanchang Science and Technology Park| Nanchang, Jiangxi Province| Plant and office building|100.00%|17,517.20|11,349.20|64.79%
 Jiangxi Nanchang Fangda Center| Nanchang, Jiangxi Province| Commercial and office building|100.00%|37,270.58|30,658.05|82.26%
8. First-level development of land
Financing source| Ending financing balance (in RMB10,000)| Financing cost range / average financing cost| Term structure (monetary unit: RMB10,000)|||
||| Within 1 year|1-2 years|2-3 years| Over 3 years
 Bank loan|133,350.00| During the same period, the benchmark interest rate of the loan was adjusted at the agreed rate to 5.715%|7,000.00|17,650.00|21,200.00|87,500.00
 Total|133,350.00||7,000.00|17,650.00|21,200.00|87,500.00
10. Development strategy and operation plan in next year
With the continuous easing of the real estate policy, the gradual improvement of the epidemic situation and the economic
recovery, Shenzhen, as the core city of the Greater Bay Area of Guangdong, Hong Kong and Macao, not only has the advantages of the Bay Area, but also is the driving force for the development of the surrounding economy. Shenzhen's good environment for living, industry and business will further stimulate the vitality and potential of investment. In the future, the Company will grasp opportunities, continue to expand the brand effect, deepen the local market, and effectively improve the Company's operating performance.
The main task of the Company's real estate business in 2023 is to increase the rental rate and final sales of the Shenzhen Fangdacheng project, and vigorously promote the sales of the Nanchang Fangda Town project. At the same time, the Company will also integrate and optimize the Company's existing resources according to the latest policies, and steadily promote the application and approval of two urban renewal projects, Shenzhen Henggang Dakang Project and Shenzhen Fuyong Fangda Bangshen.
11. Bank mortgage loan guarantee provided for commercial housing purchasers
As of December 31, 2022, the balance of the company's guarantee for commercial housing offenders due to bank mortgage loans was RMB20,114,100.
12. Co-investment between Directors, supervisors and senior management and listed companies
II. Core Competitiveness Analysis
1. Advantages of technology and industry experience
The Company has worked in the field of smart curtain wall for more than 30 years, continuously strengthened technical innovation, grasped the development trend of curtain wall industry in the process of meeting market demand, improved the competitiveness of the Company's products, solutions and services, and gained rich experience in project design and
implementation and well-known cases.
As a leading enterprise in the curtain wall industry, the Company has taken the lead in setting up enterprise postdoctoral
workstations, engineering technology centers, research and design institutes and other research and development institutions in the industry in China, creating many firsts in the industry, and is one of the preferred brands in the domestic high-end curtain wall system material industry. The Company's subsidiaries engaged in the smart curtain wall system and material industry are all
national high-tech enterprises, five subsidiaries are selected as "specialized, special and innovative" enterprises, and many
subsidiaries are recognized as "Guangdong Intellectual Property Demonstration Enterprise", "Shenzhen Intellectual Property
Advantage unit", "Jiangxi enterprise technology center" and "Nanchang engineering technology research center". The Company's
independent innovation and continuous innovation have created the Company's leading technical level and manufacturing capacity.
2. Advantages of product service and refined management
With years of technical precipitation and experience accumulation, the Company's smart curtain wall system and material
industry has formed an overall solution integrating R&D, design, production, project management, construction and maintenance services. The industry is complete and has strong comprehensive strength in terms of quality, cost and service.
The Company has vigorously promoted intelligent construction and fine management in various business modules,
effectively improved the quality of products and services and enhanced the competitiveness of the Company. BIM Technology, PMS project management platform, MES production management system, VPO supply management platform and other
information management tools are applied to curtain wall design, manufacturing and construction management, combined with cloud computing, big data, mobile application, Internet of things and other technologies to realize the rapid transmission and
sharing of information, collaborative application, open up various management modules, improve the scientificity and efficiency of decision-making, speed up the response and execution ability of business, and improve the fine management.
3. Brand equity
Since its establishment, the Company has gained high recognition from the industry and many professionals by virtue of its technical advantages and comprehensive service strength, and has a good reputation. The Company has won "National Quality
Award", "National Quality Engineering Award", Luban Award, Zhan Tianyou award, China Architectural Decoration Award and more than 200 provincial and ministerial awards. It has created thousands of landmark projects worldwide and has become one of the leading brands in the field of high-end curtain wall. During the reporting period, the Shenzhen University of Technology
project of the curtain wall system contracted by Fangda Jianke was selected for the 2021-2022 China Construction Engineering Decoration Award, and the Shenzhen Hanjing Center and Chongqing Raffles Plaza projects contracted by Fangda Jianke were selected for the 2022 International High-Rise Award.
4. Industrial layout advantages
After years of accumulation and continuous investment in facilities and equipment, the intelligent curtain wall system and
material industry of the Company has built a domestic industrial layout with Shenzhen as the headquarters and production bases in Shanghai, Chengdu, Nanchang, Dongguan, Foshan and other places. Among them, Dongguan Songshanhu base is one of the most modern high-end curtain wall system production bases in the industry, It has industry-leading R&D, design, manufacturing and
curtain wall system delivery capabilities. The Company's production base continues to increase digital and intelligent construction, introduces intelligent equipment, and uses Internet technology to track the Company's products and continuously improve
efficiency. In order to meet the needs of the Company's future operation and development, the company plans to invest in the construction of a low-carbon intelligent manufacturing base in Ganzhou. The improved production base layout provides an important guarantee for improving the market share and comprehensive competitiveness.
5. Talent
The Company always adheres to the "people-oriented" talent concept, actively introduces and trains all kinds of professional technology and management talents, and is committed to building an efficient management and operation team. After years of
development, the Company has an experienced senior management team and middle-level managers with strong execution ability, as well as a complete talent training system and talent reserve. During the reporting period, we continuously optimized the
effective incentive and assessment system and implemented quantitative management. In order to meet the needs of the Company's business development, the Company continued to introduce outstanding fresh graduates, build an industry university research
integration platform, promote school-enterprise cooperation and industry-university combination mechanism, and ensure that the Company's scientific research strength in the field of high-end curtain wall is at the leading level in the industry. Over the years, it has always paid attention to the cultivation of "craftsman spirit". It has held "Fangda Craftsman" skill competition every year and"Fangda Lecture Hall" training from time to time, continuously improved the theoretical knowledge and operation skill level of
employees, created a skilled talent team with reasonable structure, exquisite technology and excellent style, cultivated a number of"Shenzhen 100 excellent craftsmen", and has been rated as "Shenzhen craftsman cultivation demonstration unit" for many times.
1. Technical R&D advantage
The Company has always attached importance to technological innovation, and has taken the lead in developing the rail
transit screen door system with independent intellectual property rights in China, breaking the monopoly of foreign enterprises in the field of rail transit screen doors in China. After years of continuous engineering practice and technological innovation, the
Company has accumulated technical reserves in the promotion and application of product technology. The Company's technology research and development system is mature, and the platform screen door system research and development center of Fangda Zhiyuan Technology was awarded the Guangdong Provincial Engineering Technology Center by the Ministry of Science and Technology of Guangdong Province; The technical research and development team has rich experience, and its members have
won provincial and municipal awards for scientific and technological progress. The "platform safety door of urban rail transit" of Fangda Zhiyuan Technology was recognized as the "single champion product of manufacturing industry" by the Ministry of
Industry and Information Technology. Fangda Zhiyuan Technology was selected as the "specialized and new" enterprise in
Shenzhen, and took the lead in drafting the first industrial standard of "platform safety door of urban rail transit" in China. The project of visual multimedia full-height platform door of urban rail transit developed by Fangda Zhiyuan Technology was
recognized as the "innovation record of Shenzhen enterprises". It shows the continuous comprehensive leading strength and industry benchmark position of Fangda in the field of urban rail transit equipment.
During the operation and development, the Company has always maintained a high level of R&D investment, formed a wealth of innovative achievements, and obtained a number of intellectual property rights in the structure, electrical, control,
system reliability and safety of PSD system. Through the accumulation of its own patents, software copyrights and proprietary
technologies, the Company has built a completely independent and controllable platform for the basic technology of platform door control system. From DCU and other core components to control algorithms, they are developed and produced by the COmpany, which can quickly diagnose and eliminate various system control problems. On the basis of the basic platform, the Company has successively developed anti-pinch system based on image recognition, embedded display system, intelligent operation and
maintenance system and other modules, which can be flexibly customized according to specific requirements and can better meet customer needs. In addition, through the practice of a large number of urban rail transit projects at home and abroad over the years, the Company has also formed a rich technical accumulation in the intelligent manufacturing process, quality control and
construction technology of the core components of platform screen door system products. The Company has innovatively
developed safety door products applied to high-speed railway platforms. Its main competitiveness is that it can adapt to a variety of trains with different body specifications and different door opening positions. In the future, this product can be applied to high- speed railway platform and intercity railway platform in a large scale.
2. Market advantage
The Company is the pioneer and leader of the platform screen door system for rail transit in China, and its platform screen door system products cover more than 50% of the cities with urban rail transit in China. As part of the "Belt and Road Initiative," the Company has successfully received important project orders in Singapore, Malaysia, Thailand, India and other countries and regions along the way. The Company won the first order for the Bogota Metro Line 1 project in Colombia during the reporting period as a result of its extensive experience in overseas project implementation and strong market brand awareness. The
Company also successfully implemented the development concept of "going out" of Chinese equipment during the reporting period. The recognition of Fangda brand overseas has been increasing, and it has become the largest manufacturer and service provider of rail transit screen door system in the world.
The operation and maintenance of rail transit have high requirements for the safety and reliability of products and equipment. The Company's leading technology, reliable product quality and efficient service have won a good market reputation, maintained a stable cooperative relationship with customers and accumulated rich market resources.
3. Industry chain advantage
As the first enterprise to enter the metro screen door industry in China, the Company is able to provide R & D, design,
manufacturing, engineering construction, technical services, technical training, system maintenance, spare parts supply as part of the whole industry chain. A complete industrial chain helps the Company to realize resource sharing at all stages and meet the market demand for specialized products and services, thereby effectively reducing the Company's production and management costs and improving profitability and competitive advantages.
With many domestic metro platform screen door systems entering the maintenance period, the Company actively expands the industrial chain and takes the lead in developing Metro maintenance business in China. The intelligent maintenance management system developed by the Company can count and analyze the operation status of site equipment in real time, remotely guide the on-site technical service team, and provide professional technical support to customers in a timely and efficient manner. The
Company's operation and maintenance management service team has now spread to more than 30 cities around the world. With the improvement of the team's ability and the recognition of customers, the Company's sales amount of technical services will also increase year by year.
4. Professional and stable team
The Company has a technical talent team of rail transit PSD system with stable structure and excellent professional ability. The core technical team of the Company has outstanding professional and technical level, including highly educated personnel such as master's degree and senior professional and technical personnel such as senior engineers. Its specialties cover mechanical engineering, electrical, system reliability, railway communication, software, engineering mechanics and other fields. The average age of the key personnel of the management and R&D team is more than 7 years, showing high stability, having a common
business philosophy, and being able to effectively form consensus on various issues and implement them. At the same time, the
management and R&D team have a deep understanding of the Company's business and industry, can quickly respond to changes in the external competitive environment, and ensure the sustainable and stable development of the industry.
The Company's new energy industry mainly focuses on the development of new energy-saving technology applications such as solar photovoltaic application and photovoltaic building integration (BIPV), and its business scope covers two major industries: construction and photovoltaic power generation. The Company actively developed solar photovoltaic power generation curtain
wall system technology 20 years ago. It is one of the earliest enterprises in China that independently mastered and had independent intellectual property rights to engage in the design, manufacturing and integration of solar photovoltaic building integration (BIPV) system.
Distributed solar power PV power generation is closely related to the Company's curtain wall business. Part of the distributed solar power PV systems are closely related to construction. Moreover, the Company has more than 20 years' experience in
electrical product integration. The Company also has more than 30 years' experience in construction management and has the level-1 construction curtain wall engineering qualification and electrical installation engineering qualification.
The Company is located in the core area of Dawan District, Guangdong, Hong Kong and Macao. It adopts differentiated competition strategy and focuses on the development of urban renewal projects in Shenzhen. Benefiting from the dividend of Shenzhen's rapid economic development and the opportunity of further promotion of Shenzhen-Hong Kong integration, it is expected that the company's real estate business will contribute profits to the Company in the future.
III. Core business analysis
1. Summary
See "I. Main Business Conditions of the Company During the Reporting Period" in Chapter III Management Discussion and Analysis.
2. Income and costs
(1) Turnover composition
|2022||2021|| YOY change(%)
| Amount| Proportion in operating costs(%)| Amount| Proportion in operating costs (%)|
 Total turnover|3,846,975,948.44|100%|3,557,724,397.54|100%|8.13%
 Industry|||||
 Metal production|2,877,126,181.59|74.78%|2,584,704,014.98|72.65%|11.31%
 Railroad industry|564,551,749.10|14.68%|534,310,567.88|15.02%|5.66%
 New energy industry|19,707,669.06|0.51%|19,285,405.44|0.54%|2.19%