TigerResearch/tigerbot-earning-plugin huggingface dataset:
|2022|||2021|| Unit: RMB
| Operating revenue| As % of total operating revenue(%)| Operating revenue|| As % of total operating revenue(%)| Change(%)
 Total|3,708,669,046.85|100.00%|4,911,120,528.33||100.00%|-24.48%
By operating division Property development|1,913,674,526.31|51.60%|3,131,113,534.70|63.76%|-38.88%
 Property management|1,666,961,878.32|44.95%|1,603,746,855.20|32.66%|3.94%
 Property rental|128,032,642.22|3.45%|176,260,138.43|3.59%|-27.36%
 By product category Property development|1,913,674,526.31|51.60%|3,131,113,534.70|63.76%|-38.88%
 Property management|1,666,961,878.32|44.95%|1,603,746,855.20|32.66%|3.94%
 Property rental|128,032,642.22|3.45%|176,260,138.43|3.59%|-27.36%
 By operating segment Shenzhen|3,122,667,234.12|84.20%|4,465,808,268.81|90.93%|-30.08%
 Other|586,001,812.73|15.80%|445,312,259.52|9.07%|31.59%
By marketing model
(2) Operating Division, Product Category, Operating Segment or Marketing Model Contributing over10% of Operating Revenue or Operating Profit
By operating division Property developm ent| Operating revenue| Cost of sales| Gross profit margin|revenue (%)  YoY change in operating| YoY change in cost of sales (%)| YoY change in gross profit margin (%)
|1,913,674,526.31|433,443,568.87|77.35%|-38.88%|0.22%|-8.84%
 Property managem ent|1,666,961,878.32|1,441,477,771.44|13.53%|3.94%|10.53%|-5.15%
 By product category Property developm ent||||||
|1,913,674,526.31|433,443,568.87|77.35%|-38.88%|0.22%|-8.84%
 Property managem ent|1,666,961,878.32|1,441,477,771.44|13.53%|3.94%|10.53%|-5.15%
 By operating segment||||||
Core business data of the prior year restated according to the changed statistical caliber for the Reporting Period:□ApplicableNot applicable
(3)Whether Revenue from Physical Sales Is Higher than Service Revenue
Operating division| Item| Unit|2022|2021| Change (%)
 Property development| Sales volume|m2|14,396.70|37,622.78|-62.00%
| Output|m2|495,583.11|262,098.00|89.00%
| Inventory|m2|28,008.22|35,157.25|-20.00%
Any over 30% YoYmovements in the data above and why:Applicable □Not applicable
The sales volume dropped as a result of the decreased properties available for sale, a weakening market, etc.; and the output increased due to the start of construction of a number of real estate projects.
(4) Execution Progress ofMajor Signed Sales and Purchase Contracts in the Reporting Period
By operating division
Operating division| Item||2022| As % of total cost of sales(%)||2021| As % of total cost of sales(%)| Change (%)
|| Cost of sales||| Cost of sales|||
 Property developmen t||433,443,568.87||21.90%|432,501,558.96||23.67%|-1.77%
 Property management||1,441,477,771.44||72.85%|1,304,193,657.50||71.37%|1.48%
 Property rental||103,856,280.91||5.25%|90,687,606.72||4.96%|0.29%
Note: N/A
See “VIII Changes to the Consolidation Scope”in “Part X Financial Statements”in this Report.
(7)Major Changes to the Business Scope or Product or Service Range in the Reporting Period
(8)Major Customers and Suppliers
Total sales to top five customers (RMB)|410,823,986.62
 Total sales to top five customers as % of total sales of the Reporting Period (%)|11.08%
 Total sales to related parties among top five customers as % of total sales of the Reporting Period (%)|8.18%
No.| Customer| Sales revenue contributed for the Reporting Period (RMB)| As % of total sales revenue (%)
1| Corporation 1|303,186,237.98|8.18%
2| Corporation 2|46,010,450.34|1.24%
3| Corporation 3|24,265,146.78|0.65%
4| Corporation 4|20,413,436.28|0.55%
5| Natural person 1|16,948,715.24|0.46%
 Total|--|410,823,986.62|11.08%
Other information about major customers:
Total purchases from top five suppliers (RMB)|476,983,727.17
 Total purchases from top five suppliers as % of total purchases of the Reporting Period (%)|33.50%
 Total purchases from related parties among top five suppliers as % of total purchases of the Reporting Period (%)|8.11%
No.| Supplier| Purchase in the Reporting  Period (RMB)| As % of total purchases (%)
1| Corporation 1|237,055,828.36|16.65%
2| Corporation 2|115,448,234.35|8.11%
3| Corporation 3|77,574,607.34|5.45%
4| Corporation 4|25,617,258.95|1.80%
5| Corporation 5|21,287,798.17|1.50%
 Total|--|476,983,727.17|33.50%
Other information about major suppliers:
|2022|2021| Change (%)| Reason for any significant change
 Selling expenses|53,541,997.78|73,372,016.02|-27.03%| Decrease in commissions paid for sales agents
 Administrative expenses|329,991,655.74|323,975,355.61|1.86%|
 Finance costs|50,571,183.83|5,361,667.33|843.20%| Decrease in interest income
 R&D expenses|3,244,129.11|2,171,797.80|49.38%| Acquisition of FMC in September2021
Major R&D program| Purpose| Progress| Objectives| Expected impact on the Company
 Property Manageme nt System(PMS)| To meet the management needs as an integrated property management company as well as a professional property service provider| Delivered| It fully supports all kinds of project-level business such as engineering, customer service, environment, safety, order, quality, etc., as well as the Group’s control level business. Specific functional modules include task management, plan management, demand management, charge management, material inventory, quality management, personnel management and other functions, and provides internal PC terminal and APP terminal, as well as mini-app for customers. Decision analysis can be further customised according to the actual needs of the customer with more analytical reports and large display screens.| Add full view of operations and digital management, laying the foundation for more and better access to the consumer market in the future
 Facility Manageme nt System(FMS)| It realises that the assets of equipment and facilities can be accounted for, the quality of operation and maintenance services can be managed, the risks of facilities can be controlled, and the data for decision- making can be relied on, and through the continuous accumulation of platform data, it promotes the continuous optimisation of management standards and construction standards to realise true digital operation and| Delivered| It supports full coverage of facility and equipment control activities throughout the building's lifecycle, including the entire process of handover and takeover (customised function), operation, maintenance, repair, renovation and end-of-life disposal, and supports IOT integrated operation monitoring, operation and maintenance work management, basic settings, intelligent analysis and other functions. The local intelligent subsystems/equipment collects data through the edge computing gateway.| Add full view of operations and digital management, laying the foundation for more and better access to the consumer market in the future
Details about R&D personnel:|2022||2021|| Change (%)|
 Number of R&D personnel||37||30||23.33%
 R&D personnel as % of total employees||0.40%||0.39%||0.01%
 Educational background Bachelor’s degree||23||11||109.09%
 Master’s degree||4||0||-
 Junior college||10||19||-47.37%
 Age structure||||||
Below 30||24||9||166.67%
30~40||11||9||22.22%
 Over 40||2||12||-83.33%
 Details about R&D investments:|2022||2021|| Change (%)|
 R&D investments (RMB)||3,244,129.11||2,171,797.80||49.38%
 R&D investments as % of operating revenue||0.09%||0.04%||0.05%
 Capitalized R&D investments(RMB)||0.00||0.00||
 Capitalized R&D investments as % of total R&D investments||0.00%||0.00%||
Reason for any significant change to the composition of R&D personnel and impact:
Reasons for any significant YoY change in the percentage of R&D investments in operating revenue:
Reason for any sharp variation in the percentage of capitalized R&D investments and rationale:
Item|2022|2021|| Change (%)
 Subtotal of cash generated from operating activities|4,526,054,341.31|6,246,168,443.05|-27.54%|
 Subtotal of cash used in operating activities|4,420,821,237.45|8,075,148,195.50|-45.25%|
 Net cash generated from/used in operating activities|105,233,103.86|-1,828,979,752.45|-105.75%|
 Subtotal of cash generated from investing activities|197,490,121.81|234,973.91|83,947.68%|
 Subtotal of cash used in investing activities|45,114,342.34|29,143,961.50|54.80%|
 Net cash generated from/used in investing activities|152,375,779.47|-28,908,987.59|-627.09%|
Subtotal of cash generated from financing activities|303,349,674.44|2,140,000.00|14,075.22%|
 Subtotal of cash used in financing activities|963,797,633.48|575,922,103.76|67.35%|
 Net cash generated from/used in financing activities|-660,447,959.04|-573,782,103.76|15.10%|
 Net increase in cash and cash equivalents|-398,048,377.77|-2,433,157,872.42|-83.64%|
(1) Net cash generated from operating activities increased year on year, primarily driven by the decreased land acquisition and tax expenditures in the Reporting Period.
(2) Cash generated from investing activities increased year on year, primarily driven by the receipt of the compensation for the requisition of the land at Baolu in the Reporting Period.
(3) Cash generated from financing activities increased year on year, primarily driven by new bank borrowings in the Reporting Period.
(4) Cash used in financing activities increased year on year, primarily driven by the payment for an equity acquisition involving entities under common control in the Reporting Period.
Reason for any big difference between the net operating cash flow and the net profit for this Reporting Period:
For the Reporting Period, net cash generated from operating activities stood at RMB105,233,103.86, representing a big difference from the net profit of RMB529,340,607.96, primarily driven by the receipt of the compensation for the requisition of the land at Baolu and an increase in land bank expenditure in the Reporting Period.
Main source/reason| Amount| As % of total profit| Recurrent or not
 Return on investment  Share of profits of joint ventures|1,981,330.90|0.26%| Yes
 Gain/loss on changes in fair value  Purchase of held-for-trading financial assets in the Reporting Period|117,082.19|0.02%| Not
 Asset impairments  Inventory valuation allowances|-528,430.23|-0.07%| Not
 Non-operating income  Miscellaneous confiscatory and penalty income and write- off of payables that have been not able to be settled for a long time|7,198,004.28|0.96%| Not
 Non-operating expense  Payments for liquidated damages and fines|2,556,893.74|0.34%| Not
 Credit impairment loss  Allowances for doubtful accounts|-17,395,139.90|-2.32%| Not
 Gain on disposal of assets  Receipt of the compensation for the requisition of the land at Baolu|175,810,605.44|23.42%| Not
|31 December 2022||1 January 2022|| Chang e in| Reason for any
| Amount| As % of total assets| Amount| As % of total assets|percent age|significant change
|||||(%)|
 Monetary assets|1,517,528,893.83|9.60%|2,280,821,442.11|15.37%|-5.77%| Payment for land
 Accounts receivable|419,933,915.30|2.66%|293,985,139.93|1.98%|0.68%| Increased property management fees receivable
Contract assets|1,094,632.90|0.01%|0.00|0.00%|0.01%|
 Inventories|10,975,334,223.37|69.46%|9,125,134,062.27|61.51%|7.95%| Increased land bank
 Investment property|405,762,739.18|2.57%|459,204,609.35|3.10%|-0.53%|
 Long-term equity investments|79,781,437.31|0.50%|50,360,681.37|0.34%|0.16%| Increased returns from joint ventures
 Fixed assets|82,745,172.12|0.52%|114,155,590.40|0.77%|-0.25%| Reclassification of assets
 Construction in progress||0.00%||0.00%|0.00%|
 Right-of-use assets|70,168,415.65|0.44%|71,472,680.73|0.48%|-0.04%|
Short-term borrowings||0.00%||0.00%|0.00%| Operating revenue carryforwards
 Contract liabilities|920,828,040.81|5.83%|1,374,165,809.40|9.26%|-3.43%|
 Long-term borrowings|3,618,782,344.00|22.90%|3,524,500,000.00|23.76%|-0.86%| New bank loan
 Lease liabilities|77,963,283.55|0.49%|83,081,182.89|0.56%|-0.07%| Recovery of certain current accounts and increased allowances for doubtful accounts
 Other receivables|639,903,523.33|4.05%|926,361,533.14|6.24%|-2.19%|
 Deferred income tax assets|1,383,050,586.04|8.75%|1,279,816,590.32|8.63%|0.12%| Increased land VAT provisions
 Other non- current assets|2,750,873.08|0.02%|45,571,997.85|0.31%|-0.29%| Prepayment for equity acquisition transferred to long-term equity investments as acquiree has been transferred
Accounts payable|608,283,388.52|3.85%|351,894,812.23|2.37%|1.48%| Increased payables for engineering
 Other payables|1,515,085,832.45|9.59%|1,027,622,090.94|6.93%|2.66%| Receipt of cooperation funds from cooperation partyYangzhou
Wuhe
Indicate whether overseas assets account for a higher proportion of total assets.
Impair ment|| Gain/loss on fair- value| Cumulative|| Sold|| Unit: RMB
 Item  Report allowa for the nce| Beginning amount|changes in  Reporting the|charged to fair-value changes equity| Reportin ed in the g Period  Purchas| Report in the ing|changes  Other|amount  Ending
 Financial assets4. Investments in other equity instruments  Period ing|1,002,551.95| Period|-168,720.11|| Period|54,006.80|887,838.64
 Total of the above|1,002,551.95||-168,720.11|||54,006.80|887,838.64
 Financial liabilities|0.00||||||0.00
Contents of other changes:
Other changes were resulted from exchange rate movements.
Significant changes to the measurement attributes of the major assets in the Reporting Period:
| Item|| Ending carrying value| Reason for restriction
 Monetary assets||7,835,036.35|| Notes 1-10
 Land use rights at Fumin New Village, Futian District, Shenzhen||542,507,314.43|| Note 11
| Total|550,342,350.78||
Unit: RMB
Note 1: In terms of monetary assets with restricted right to use at the period-end, there was an escrow deposit of RMB44,820.14 of the catering branch of the subsidiary company Shandong Shenguomao Real EstateManagement Co., Ltd.
Note 2: In terms of monetary assets with restricted right to use at the period-end, there was an advance payment guarantee deposit of RMB459,627.50 issued by the subsidiary company Shenzhen Facility Management Community Technology Co., Ltd. in December2021 for the upgrading and reconstruction of the smart park of Shenzhen Bay Eco-Technology Park and the software platform development contract.
Note 3: In terms of monetary assets with restricted right to use at the period-end, there was RMB3,000,000.00 of the subsidiary company Shenzhen Facility Management Community Technology Co., Ltd. frozen by a court of law due to pre-litigation preservation for contract disputes.
Note 4: In terms of monetary assets with restricted right to use at the period-end, there was a loan deposit of RMB1,131,041.58 provided as mortgage loan guarantees for commercial housing purchasers and paid by the Company as a real estate developer according to real estate business practices.
Note 5: In terms of monetary assets with restricted right to use at the period-end, there was RMB2,860,000.00 of interest on term deposits accrued at the period-end.
Note 6: In terms of monetary assets with restricted right to use at the period-end, there was RMB16,111.20 of interest on large- denomination CDs (more than one year).
Note 7: In terms of monetary assets with restricted right to use at the period-end, there was RMB129,154.28 in the account of the subsidiary company Shenzhen Property Engineering and Construction Supervision Co., Ltd. The account was in a receiving-only status because the legal person change formalities had not been completed by the period-end.
Note 8: In terms of monetary assets with restricted right to use at the period-end, there was a restricted fund of RMB42,781.65 in the frozen account of the subsidiary company Shenzhen Huazhengpeng PropertyManagement Co., Ltd.
Note 9: At the end of the period, there were monetary funds with restricted use rights, including an amount of RMB150,000.00, which was provided by the subsidiary Shenzhen International Trade Center Property Management Co., Ltd (ITC Property Management). This amount was submitted on 28 December 2022, as an on-demand bid bond deposit to participate in the bidding process for the Jiulong Street DomesticWaste Sorting Operation Project (Bidding No.: 21C00183).
Note 10: In terms of monetary assets with restricted right to use at the period-end, there was a POS security deposit of RMB1,500.00 of subsidiary Shandong Shenguomao Real EstateManagement Co., Ltd.
Note 11: Due to the needs of daily business activities, the Company applied for a loan from Bank of Communications Co., Ltd. Shenzhen Branch and mortgaged the land use right of Fumin New Village, Futian District. The loan has a duration from November27, 2020 to November 27, 2023 and applies floating interest rates.
VII InvestmentsMade
2.Major Equity InvestmentsMade in the Reporting Period
Nam e of inves tee corpo ration  Inves  Pro du  Status  W het her inv olv| Main busin esses| Inves tment meth od| Invested amount| Shareho lding percent age (%)| Sourc e of fund||||
durati tment ct typ e as at the balance ed in disclosu  Date of|||||| Partners| Predicted return| Investment return in the current| Disclosure index (if any)
on sheet date an re (if any)||||||||period|
leg y|||||||||
al act ion s||||||||| For details, see the Announceme nt on the Progress of
 Shen zhen Prope  Eq| Prope rty||||| ShenZhen Special Economic Zone Real Estate &|||
rty  Mana geme nt  Co.,  Long -term uit y int ere st  Owners hip transfer red  No 15  Februar y 2022|mana geme nt servi ces| Acqu isitio n|206,390,636 .61|100.00 %| Equit y fund| Properties (Group)  Co., Ltd. and  Shenzhen|206,390,636 .61|1,994,678.06|theWholly- owned  Subsidiary's  Acquisition of 100%  Equity in
 Ltd.|||||| SPG Investmen t Co., Ltd.||| Shenzhen Property Managemen
and Related- party Transactions on www.cninfo. com.cn(Announce ment No.:2022-01).|||||||||||||
 Shen zhen Forei gn Trade Prope rty Mana geme nt Co., Ltd.  For details, see the Announceme nt on the Progress of theWholly- owned Subsidiary's Acquisition of 100% Equity in Shenzhen| Prope rty mana| Acqu|20,902,006.86|100.00%| Equit| China Shenzhen Foreign Trade(Group) Corp. Ltd.|| Eq uit| Owners||||25 Februar y 2022
 Foreign  Trade|geme nt|isitio n|||y fund|| Long -term|y int|hip transfer|20,902,006. 86|2,904,931.75| No|
 Property|servi ces|||||||ere st|red||||
 Managemen t Co., Ltd.|||||||||||||
and Related- party Transactions on www.cninfo. com.cn(Announce ment No.:2022-06).|||||||||||||
 Shen zhen Shenf ubao Prope rty Deve lopm ent Co., Ltd.  For details, see the Announceme nt on the Progress of theWholly- owned Subsidiary's Acquisition of 100% Equity in Three Enterprises Owned by Shenzhen| Prope rty mana geme nt servi ces| Acqu isitio n|61,147,388.00|100.00%| Equit y fund| Shenzhen Shenfuba o (Group) Co., Ltd.| Long-term| Eq uit y int ere st| Owners hip transfer red|61,147,388.00|-516,728.17| No|25 Februar y 2022
 Shenfubao (Group) Co.,|||||||||||||
 Ltd. and Related- party Transactions on www.cninfo. com.cn(Announce ment No.:2022-05).|||||||||||||
 Shen zhen Shenf ubao Hydr opow er Muni cipal Servi ce Co., Ltd.  For details, see the Announceme nt on the Progress of theWholly- owned Subsidiary's Acquisition of 100% Equity in Three Enterprises Owned by Shenzhen Shenfubao(Group) Co., Ltd. and| Build ing proje ct const ructio n, muni cipal proje ct const ructio n, daily opera tion and| Acqu isitio n|21,839,733.03|100.00%| Equit y fund| Shenzhen Shenfuba o (Group) Co., Ltd.| Long-term| Eq uit y int ere st| Owners hip transfer red|21,839,733.03|-4,580,230.57| No|25 Februar y 2022
party Transactions on www.cninfo. com.cn(Announce ment No.:2022-05).|enanc e of muni cipal publi c facilit ies, road clean ing, etc.||||||||||||
 Shen zhen Free Trade Zone  For details, see the Announceme nt on the Progress of theWholly- owned Subsidiary's Acquisition of 100% Equity in Three| Prope rty secur ity and| Acqu|3,935,937.12|100.00%| Equit| Shenzhen|| Eq uit| Owners||||25 Februar y 2022
 Secur ity  Enterprises  Owned by|enter prise|isitio n|||y fund| Shenfuba o (Group)| Long -term|y int|hip transfer|3,935,937.1 2|78,811.51| No|
 Servi ce Co., Ltd.  Shenzhen|intern al secur ity||||| Co., Ltd.||ere st|||||
 Shenfubao (Group) Co.,|||||||||red||||
 Ltd. and Related- party Transactions on www.cninfo. com.cn(Announce ment No.:2022-05).| Inves tment, const ructio n, opera tion, etc. of parki ng busin ess and supp ortin g facilit ies and equip ment||||||||||||
 CSC EC Smar t Parki ng Tech nolog y Co., Ltd.  For details, see the Voluntary Announceme nt on a Capital Increase to the Delisted CSCEC Smart Parking Technology Co., Ltd. through a Tender Offer on www.cninfo. com.cn(Announce ment No.:2022-52).|| Capit al incre ase|27,352,941.18|10.00%| Equit y fund| China Constructi on Science and Industry Corporati on Ltd.| Long-term| Eq uit y int ere st| Capital increase complet ed|27,352,941.18|632,605.58| No|30 Decem ber2022
 Total --|--|--|341,568,642.80|--|--|--|--|--|--|341,568,642.80|514,068.16|--|--
3.Major Non-Equity Investments Ongoing in the Reporting Period
Accou  Gain/ Loss  Purc  Sol||||
 Variet y of  Code of security  Name of measu nting on fair value  Accumulate d fair value hase d in  Re in d  Accou  Sourc e of|investm  Initial| Beginning| Gain/loss| Ending
securit y securit y remen metho t  Report chang es in charged to changes equity ortin  Rep g por tin nting title invest ment|ent cost|carrying value| Reporting  Period in|carrying value
d ing Period  Peri od  Per g funds||||
 Dome stic/Fo reign stock 400016、420016  Gintia nA, Gintia n B  Fair value iod  Invest ments in  Obtain ed in Gintia||||
metho d 0.00 -168,720.11 0.00 0.00 other equity instru n’s debt restruc|3,565,856.06|1,002,551.95|54,006.80|887,838.64
 Total -- 0.00 -168,720.11 0.00 0.00 ments turing|3,565,856.06|1,002,551.95|54,006.80|887,838.64
VIII Sale ofMajor Assets and Equity Interests
1. Sale ofMajor Assets
Transact ion party
Asset sold Date ofsale
Transac tion price(RMB’0,000)
Net profit contrib uted to the Compa ny from the period- begin to
Effect on the Company
Ratio of the net profit contrib uted by the sale of the asset to the Compa
Prici ng princi ple
Rel ate d- par ty tra nsa cti on or
Relatio nship betwee n the transact ion party and the Compa ny
Own ershi p of the asset invol ved has been all
Credi tor’s rights and liabili ties invol ved have been
Executed as
scheduled or not; if not, give reasons and
measures taken
Disclos ure date
||||the date of sale(RMB’0,000)| The sale of the asset helps completely eliminate the risks of inactivity fees and no- compensation requisition, among others, for the Baolu Land, thereby achieving the pre-determined goals of a quick realization and value increase of state-owned|ny’s total profit(%)||not|(applica ble for related- party transact ions)|transf erred or not|all transf erred or not||| For details, see the Announceme nt on the Progress of the Receipt of a Land Requisition Compensati on by a Subsidiary on www.cninfo. com.cn(Announce ment No.:2022-48).
 Longga ng Branch of Shenzhe n Plannin g and Natural Resourc es Bureau| Land Lot No. G02408-0002 at Baolong Street, Longgang District, Shenzhen(“Baolu Land”for short)|7 Novem ber2022|19,667.57|-530.85||24.52%| Mark et valua tion| No| Non- related party| Yes| Yes| Yes|16 Decem ber2022|
2. Sale ofMajor Equity Investments
IX Principal Subsidiaries and Joint Stock Companies
Principal subsidiaries and joint stock companies with an over 10% effect on the Company’s net profit
| Relatio nship||||||
 Name l activity  Principa|with the| Registered capital| Total assets| Net assets| Operating revenue| Operating profit| Net profit
| Compa ny||||||
 Shenzhen Huangchen g Real Estate Co., Ltd.  Develop ment and sales of| Subsidi ary|30,000,000.00|7,657,167,638.96|2,972,163,473.73|1,615,509,012.59|623,535,541.95|468,882,708.28
real estate|||||||
 SZPRD Xuzhou Dapeng Real Estate Developme nt Co., Ltd.  Develop ment and sales of real estate| Subsidi ary|50,000,000.00|22,809,215.04|-41,495,109.21|253,083,803.64|36,388,880.48|35,287,240.03
 Shenzhen Internation al Trade Center Property  Property manage ment services| Subsidi ary|20,000,000.00|1,678,426,626.04|313,016,033.66|1,661,030,007.13|85,991,459.18|57,825,200.38
Manageme nt Co., Ltd.
Shenzhen SZPRD Urban Renewal Co., Ltd.
Subsidi ary
Develop ment and
sales of real estate
637,397,817.9
132,669,835
.56
125,289,644.9
283,209,126.04
203,146,791.45
Subsidiaries obtained or disposed in the Reporting PeriodApplicable □Not applicable