[中报]特 力Ｂ(200025):2024年半年度报告（英文版）

 时间：2024年08月20日 20:46:18 中财网

原标题:特 力Ｂ:2024年半年度报告（英文版）

SHENZENTELLUSHOLDINGCO.,LTD.
2024Semi-annualReport
August2024
SectionIImportantNotes,Contents,andInterpretations
The Board of Directors, the Board of Supervisors and directors,supervisors,andseniorexecutivesoftheCompanyguaranteethatthepresentsemi-annual report is true, accurate, and complete without false records,misleading statements, or major omissions, and undertake the joint andseverallegalliabilitiesarisingtherefrom.
FuChunlong, head of theCompany,HuangTianyang,the personin
chargeofaccounting,andYuTaiping,thepersoninchargeoftheaccountingfirm(accountantincharge)declaretoguaranteethetruthfulness,accuracy,andcompletenessofthefinancialreportinthissemi-annualreport.
AlldirectorsoftheCompanyhaveattendedthemeetingoftheBoardof
Directorstoreviewthesemi-annualreport.
TheCompanyhasdescribedthepotentialrisksindetailinthisreport.Investorsareherebykindlyrequestedtopayattentiontoandread"X.RisksFacedbytheCompanyandCountermeasures"of"SectionIIIManagement
DiscussionandAnalysis"withinthisreport.
The Companyhas noplans todistribute cash dividends, issue bonusshares,andconvertreservedfundsintosharecapital.
TableofContents
SectionIImportantNotes,Contents,andInterpretations............................................................2
SectionIICompanyProfileandMajorFinancialIndicators........................................................6
SectionIIIManagementDiscussionandAnalysis..........................................................................9
SectionIVCorporateGovernance.................................................................................................24
SectionVEnvironmentalandSocialResponsibility....................................................................25
SectionVIImportantMatters........................................................................................................26
SectionVIIChangesinSharesandShareholders........................................................................36
SectionVIIIPreferredShares........................................................................................................41
SectionIXBonds..............................................................................................................................42
SectionXFinancialReport.............................................................................................................43
ListofReferenceDocuments
I.Accountingstatementssignedandsealedbythelegalrepresentative,thepersoninchargeofaccounting,andthepersoninchargeoftheaccountingfirm.
II.Originalsofallcompanydocumentsandannouncementsthathavebeenpubliclydisclosedduringthereportingperiod.
III.TheabovedocumentsforfuturereferenceshallbekeptattheSecretariatOfficeoftheBoardofDirectorsoftheCompany.
Interpretations

InterpretationtermreferstoInterpretationcontent
CSRCreferstoChinaSecuritiesRegulatoryCommission
SZSEreferstoShenzhenStockExchange
CSDCShenzhenBranchreferstoShenzhenBranchofChinaSecuritiesDepositoryand ClearingCorporationLimited
Company,theCompany,andTellusHoldingreferstoSHENZENTELLUSHOLDINGCO.,LTD.
Reportingperiod,thisreportingperiodreferstoThefirsthalfof2024
ShenzhenSASACreferstotheState-ownedAssetsSupervisionandManagement CommissionofShenzhenMunicipalPeople's Government
SDG,SDGGroup,andcontrollingshareholderreferstoShenzhenSpecialEconomicZoneDevelopmentGroup Co.,Ltd.
SIHCreferstoShenzhenInvestmentHoldingsCo.,Ltd.
ShenzhenJewelry,SJISreferstoShenzhenJewelryIndustryServiceCo.,Ltd.
Guorun,GuorunGoldreferstoGuorunGoldShenzhenCo.,Ltd.
TellusTreasury,TreasuryreferstoShenzhenTellusTreasurySupplyChainTreasury SupplyChainCompany
ShanghaiFanyue,FanyuereferstoShanghaiFanyueDiamondCo.,Ltd.
ZhongtianCompanyreferstoShenzhenZhongtianIndustryCo.,Ltd.
AutomobileIndustryandTradeCompanyreferstoShenzhenAutomobileIndustryandTradeCo.,Ltd.
SDGHuarireferstoShenzhenSDGHuariAutomobileEnterpriseCo.,Ltd.
HuariToyotareferstoShenzhenHuariToyotaSales&ServiceCo.,Ltd.
RenfuTellusreferstoShenzhenRenfuTellusAutomobilesServiceCo.,Ltd.
GACreferstoGems＆JewelryTradeAssociationofChina
TellusJewelryBuilding,JewelryBuildingreferstoTellusShuibeiJewelryBuilding
TellusGoldandDiamondBuilding,GoldandDiamond BuildingreferstoTellusGoldandDiamondTradingBuilding
ComprehensiveTradePlatformreferstoShenzhenInternationalJewelryandJade ComprehensiveTradePlatform
SectionIICompanyProfileandMajorFinancialIndicators
I.CompanyProfile

StockabbreviationTellusA,TellusBStockcode000025and200025
Stockexchangeonwhichthe sharesarelistedShenzhenStockExchange　　
Chinesenameofthe Company深圳市特力（集团）股份有限公司　　
Chineseabbreviation(ifany)TellusA　　
EnglishnameoftheCompany (ifany)SHENZENTELLUSHOLDINGCO.,LTD.　　
Englishabbreviation(ifany)N/A　　
Legal representative of the CompanyFuChunlong　　
II.ContactPersonsandContactInformation

　SecretaryoftheBoardofDirectorsSecuritiesaffairsrepresentative
NameQiPengLiuMenglei
Address3/F,TellusBuilding,2ndShuibeiRoad, LuohuDistrict,Shenzhen3/F,TellusBuilding,2ndShuibeiRoad, LuohuDistrict,Shenzhen
Tel.(0755)83989390(0755)88394183
Fax(0755)83989386(0755)83989386
E-mail[email protected][email protected]
III.OtherInformation
1.Contactinformation
WhethertheCompany'sregisteredaddress,officeaddressandpostalcode,companywebsite,e-mail,etc.changedduringthe
reportingperiod?
□Applicable ?Notapplicable
TherewasnochangeintheCompany'sregisteredaddress,officeaddressandpostalcode,website,e-mail,etc.duringthereporting
period.Pleaserefertothe2023AnnualReportfordetails.
2.Informationdisclosureanddesignatedlocation
Whethertheinformationdisclosureanddesignatedlocationchangedduringthereportingperiod?□Applicable ?Notapplicable
ThenamesandwebsitesofthestockexchangewebsitesandmediaonwhichtheCompanydisclosedthesemi-annualreportand
thedesignatedlocationoftheCompany'ssemi-annualreportremainedunchangedduringthereportingperiod.Fordetails,please
refertothe2023annualreport.
3.Otherrelevantinformation
Whetherotherrelevantinformationchangedduringthereportingperiod?□Applicable ?Notapplicable
IV.MajorAccountingDataandFinancialIndicators
WhethertheCompanyneedstoretrospectivelyadjustorrestatetheaccountingdataforthepreviousyears□Yes ?No

　ReportingperiodSameperiodoftheprevious yearIncrease/decrease in the reporting period over the sameperiodof theprevious year
Operatingrevenue(RMB)1,580,023,748.85704,836,410.94124.17%
Net profit attributable to shareholders of the listed company(RMB)76,662,479.6944,139,962.9373.68%
Net profit attributable to shareholders of the listed company after non-recurring gains and losses (RMB) are deducted70,454,786.3137,650,680.9387.13%
Netcashflowsfromoperating activities(RMB)107,309,488.92-10,241,941.901,147.75%
Basic earnings per share (RMB/share)0.17780.102473.63%
Diluted earnings per share (RMB/share)0.17780.102473.63%
WeightedaverageROE4.66%2.89%1.77%
　EndofthereportingperiodEndofthepreviousyearIncrease/decrease at the end of the reporting period as comparedwiththeendofthe previousyear
Totalassets(RMB)2,493,228,681.472,403,851,684.453.72%
Net assets attributable to shareholders of the listed company(RMB)1,667,204,726.701,603,905,054.933.95%
V.DiscrepancyofAccountingDataundertheDomesticandForeignAccountingStandards1.DiscrepancyinnetprofitandnetassetsinthefinancialreportdisclosedsimultaneouslyaccordingtointernationalaccountingstandardsandChineseaccountingstandards□Applicable ?Notapplicable
ThereisnodiscrepancyinnetprofitandnetassetsinthefinancialreportsdisclosedbytheCompanyfollowinginternational
accountingstandardsandChineseaccountingstandardsinthereportingperiod.2.DiscrepancyinnetprofitandnetassetsinthefinancialreportdisclosedsimultaneouslyaccordingtooverseasaccountingstandardsandChineseaccountingstandards
□Applicable ?Notapplicable
ThereisnodiscrepancyinnetprofitandnetassetsinthefinancialreportsdisclosedbytheCompanyfollowingoverseas
accountingstandardsandChineseaccountingstandardsinthereportingperiod.VI.Non-recurringProfitorLossItemsandAmounts
?Applicable□Notapplicable
Unit:RMB

ItemAmountNote
Profit and loss of non-current assets disposal(includingthewrite-offpartof theprovisionforimpairmentofassets)-227.20　
Government subsidies included in the current profits and losses (excluding those that are closely related to the Company'snormal businessoperations, in line with national policies and regulations, and granted per defined criteria,withacontinuousinfluenceon theCompany'sprofitsandlosses)5,606,545.82　
Profitorlossfromchangesinthefair value of financial assets and financial liabilitiesheldbytheCompanyasanon- financialcompany,aswellasprofitor lossfromthedisposal ofthefinancial assetsandfinancialliabilities,exceptin effectivehedgingactivitiesrelatedtothe normal operating activities of the Company.2,373,536.49Mainlyfrommoneymanagementreturns
Other non-operating incomes and expenditures apart from the aforesaid items1,004,694.78　
Less:Amountofinfluenceofincometax2,237,809.41　
Amount of influence of minority stockholder'sinterests(after-tax)539,047.10　
Total6,207,693.38　
Othergainsorlossesconformingtothedefinitionofnon-recurringgainsorlosses:□Applicable ?Notapplicable
TheCompanyhasnoothergainsorlossesconformingtothedefinitionofnon-recurringgainsorlosses.Explanationondefiningthenon-recurringgainsorlossessetoutintheExplanatoryAnnouncementNo.1onInformation
DisclosureforCompaniesOfferingSecuritiestothePublic—Non-RecurringGainsorLossesasrecurringgainsorlosses
□Applicable ?Notapplicable
TheCompanydoesnotdefineanynon-recurringgainsorlossessetoutintheExplanatoryAnnouncementNo.1onInformation
DisclosureforCompaniesOfferingSecuritiestothePublic—Non-RecurringGainsorLossesasrecurringgainsorlosses.
SectionIIIManagementDiscussionandAnalysis
I.MainBusinessoftheCompanyduringtheReportingPeriod
(I)ThemainbusinessoftheCompanyduringthereportingperiodincludesjewelrythird-partyservices,commercialcomplexoperations,andpropertyleasingbusiness.
1.Jewelrythird-partyservices:Withthedevelopmentvisionof"beingcommittedtoprovidinghigh-qualityservicesupplyandgrowingwiththejewelryindustry",theCompanyreliesonitsadvantages,gathersdomesticandforeignhigh-qualityindustryresources,andcooperateswithoutstandingleadingenterprisesintheindustryto
buildathird-partyserviceplatformthatmeetstheneedsofthevastindustry.ThecompanyhassetupsubsidiariessuchasShenzhenJewelry,GuorunGold,TellusTreasury,andShanghaiFanyue.Throughtheconstructionandoperation of a comprehensive jewelry and jade trade platform, gold circulation business, and third-party
depositorybusinessforhigh-endjewelry,itcreatesawiderangeofserviceproductstofullymeetvariousneedsfromcustomersatdifferentlevels,andgraduallybuildsandenrichestheserviceecosystemofthejewelryindustrythroughasoundserviceindustrialchain.Itstrivestofillthemarketgap,solvecustomers'painpoints,playabenchmarkingroleintheindustry,andpromotethecomplianceprocessoftheindustry.2.Commercialcomplexoperationandpropertyleasingbusiness:TheCompanyisthelargestownerofTellus-GmondGoldJewelryIndustrialParkintheShuibeiarea.TheTellusJewelryBuildingandTellusGoldandDiamondTradingBuildinginvestedbytheCompanyhavebeenputintooperation,maintainingahighoccupancyrate.Inaddition,theCompanyholdsasignificantamountofpropertyresourcesinareassuchasLuohuandFutianinShenzhen.Whilemaintainingthestabilityofitsexistingleasingbusiness,theCompanyactivelypromotestheimprovement of property quality. It is transitioning its old properties from traditional simple leasing to
commercialpropertyoperation,withafocusonenhancingandexploringtheaddedvalueofitspropertybrands.Thisinitiativeaimstoestablishinnovativeindustrialprojectsthatalignwiththeoverallstrategiclayoutofthecity,
thedistrict,andtheCompany.
(II)Descriptionofthemainbusinessmodelsofthejewelrybusiness
1.Salesmodel
Atpresent,theCompanyadoptsbothwholesaleandretailasthemainsalesmodelsforgoldandjewelry.Additionally,itprovidessupportingservicessuchascustomsdeclaration,goldexchange,andsafedepositboxleasing.ThesalesrevenuecompositionofthejewelrybusinessinH12024isasfollows:
ModelAmount of operating revenue(RMB10,000)Amount of operating cost (RMB10,000)Grossprofitrate
Wholesale101,708.1699,565.352.11%
Retailsales41,920.7341,155.491.83%
Otherservices543.57321.8440.79%
Total144,172.46141,042.682.17%
2.Productionmodel
Atpresent,theCompany'sgoldandrelatedproductsmainlyuseacommissionedprocessingmodel,whilediamonds,coloredgemstones,andotherproductsdonotinvolveprocessing.Theproductionmodecompositionin
ProductionmodelAmount(RMB10,000)Proportion
Finished products through the commissionedprocessing140,688.84100.00%
Total140,688.84100.00%
3.Purchasemodel
Goldandrelatedproducts:TheCompanypurchasesgoldrawmaterialsfromShanghaiGoldExchangeorotherqualifiedorganizationsorleasesthemfrombanks;
Diamonds:TheCompanypurchasesfinisheddiamondsfromoverseasdiamondsuppliersandimportsthemthroughShanghaiDiamondExchange;
Otherjewelryandjade:TheCompanypurchasessuchproductsfromoverseasjewelryandjadesuppliersandhandlestax-payingimportproceduresthroughShenzhenJewelry.
TheprocurementmodelinH12024isasfollows:

PurchasemodelRawmaterialsPurchasequantityPurchaseamount
　　(kg)(RMB10,000)
SpottradingGold2,698.00127,457.16
SpottradingPandagoldcoin50.312,479.47
SpottradingSilverpandacoin352.60244.31
RentalbusinessGold36.001,540.51
Total3,136.91131,721.45　
4.Operationalsituationofphysicalstoresduringthereportingperiod
Store No.AddressOpeningtimeSales volume (kg) in H1 2024Operating revenue in H1 2024 (RMB10,000)Operatingcostin H12024 (RMB10,000)
11/F, Tellus Jewelry BuildingSeptember 2023150.016,775.466,755.53
2B1, Annex Building, TellusJewelryBuildingMarch202439.651,923.401,915.04
5.Onlinesalesduringthereportingperiod

S/NStorenameOpeningtimeOperating revenue in H12024 (RMB10,000)OperatingcostinH1 (RMB10,000)
1TellusShuibei'sTmallflagshipstoreNovember 20236,350.176,202.66
2TellusShuibei'sJDflagshipstoreNovember 20239,855.199,385.74
3"Self-operated mini-program private- spherestore"onWeChatMarch2024131.27129.34
4TellusShuibei'sAlibabaauctionstoreMay202416,792.3916,675.18
5Tellus Shuibei's Pinduoduo flagship storeJune202492.8491.76
6.Inventoryofgoldandjewelrybusinessduringthereportingperiod
AsofJune30,2024,theinventorybalanceoftheCompany'sjewelrybusinesswasRMB92.1375million,ofwhichtheamountmeasuredatfairvaluewasRMB91.4249million,correspondingtohedgeditemswithcommodityfuturescontractsandT+Dcontractsashedginginstrumentsandthevalueofgoldleasedfromthebank.
TheCompanyshallabidebythedisclosurerequirementsoftheGuidelinesofShenzhenStockExchangeforSelf-RegulatorySupervisionofListedCompaniesNo.3-IndustryInformationDisclosurefor"jewelry-relatedbusiness".
II.AnalysisofCoreCompetitiveness
(I)Locationadvantage
ThecompanyislocatedinShuibei,thecoreareaofthejewelryindustryinShenzhen,andaninfluentialprofessionaltradingcenterinChina'sjewelryindustry.Shuibeioccupiesover70%oftheChinesegoldandjewelrymarketandhousesover10,000goldandjewelryenterpriseswithinaone-square-kilometerareaofitscoreregion.AccordingtodatafromtheShenzhenGold&JewelryAssociation,LuohuDistrictishometomorethan40leadingjewelrycompaniesand29"ChinaFamousCompanies",accountingfor30%ofthetotalinthecountry.ShuibeihasestablishedacompleteindustrialchaincoveringdesignandR&D,productionandmanufacturing,exhibitionandtrading,brandoperation,headquartersoffices,inspectionandtesting,andtalenttraining.TheShuibeiareagathersnumerousjewelrysuppliersandstrongmerchants,providingtheCompanywithanexcellentbusinessenvironmentanddevelopmentplatform.TheCompanycanquicklycapturemarketdynamics,respondpromptlytomarketchanges,andprovidecomprehensivethird-partyjewelryservicesthatmeetindustryneeds.
(II)Resourceadvantage
Byleveragingtheendorsementofstate-ownedassetsandharnessingindustrialsynergies,theCompanydeeplyintegratesresourcesfromboththesupplyanddemandsidesofthejewelryindustry.ThispositionstheCompanywithacertainadvantageincoordinatingupstreamresources.TheCompanyhasestablisheddirectcooperationwithdomesticandforeigngoldjewelrysuppliersandprocessorsandheldmanydomesticcommodityinspection meetings and bonded exhibitions to reduce the cost of commodity inspection and raw material
procurementandimproveitsoperationefficiency.Inthefirsthalfoftheyear,asecond-handdiamondinspectionmeetingwasheld,showcasingnearly10,000caratsofloosediamondsandroughdiamonds.Theeventattractedover200professionals,withnearly70%comingfrominternationaldiamondbusinessesabroad.Theplatformiscreatinganewtradingmodelforthejewelryelementmarket,introducinggreaterliquidityandflexibility,andinjectingnewvitalityintothediamondmarket.Intermsofcustomerexpansion,theCompanyhasaccumulatedcertainindustryresourcesandinfluence.ItcloselycooperateswiththeGems&JewelryTradeAssociationofChinaandShenzhenGold&JewelryAssociation,activelyparticipatesinandorganizesvariousindustryactivities,
participatesintheformulationofindustrystandards,andcontinuouslyexpandsthepopularityandinfluenceofthe
industry.Atthesametime,ithasgraspedthetrendofdigitalizationanddevelopedanonlineplatformthroughdigitaltransformation.Theplatformhaspreliminarilyestablishedacertainlevelofbusinesssupportanddigital
servicecapabilities.
Inaddition,theCompanyhasalsobroughtstablebusinessincomeandcashflowthroughcommercialcomplexoperationsandpropertyvalueimprovement,whichlaysasolidfoundationforitslong-termdevelopment.(III)Managementadvantage
Intermsofstrategiccontrol,thecompanycontinuestoimproveitsmanagementlevel,strengthenstrategicdecompositionandimplementation,optimizeandadjusttheorganizationalstructure,andenhanceitsfunctionalguaranteecapability.Fromtheperspectiveofpromotingoperationsthroughmanagement,theCompanyhasestablisheda"4S"managementmainlinesystembasedonthemanagementorientationandtheactualsituationoftheCompany.Scientificandclosed-loopmanagementconceptshavebeenestablishedandvariousmanagementlinkshavebeenlinked,whichservetheCompany'sstrategicimplementationinaunifiedway.Intermsofriskcontrol,theCompanyhasformulatedstrictinternalbusinesscontrolprocessessuchassupplieraccessstandards,acustomerevaluationsystem,andaprocurementpricecomparisonsystemtorealizemulti-levelriskcontrolovercapital,information,andlogistics.Atthesametime,ithasstrengthenedinternalself-
inspectionandriskcontrolsystemconstruction,continuouslyoptimizedbusinessprocessesandinternalcontrolsystemsintheprocessofbusinessimplementation,andcarriedoutresearchandinnovationonnewcategoriesandnewbusinessmodelsunderthepremiseofcontrollablerisks.Withthehelpofinformationsystemconstruction,systemdataanalysis,andforesight,theriskearlywarningcapabilityofbusinessandriskcontroldepartmentshasbeenimproved.
In terms ofhuman resources, the Companyhas optimized the employee employment mechanism andinterview process to unleash organizational vitality through two-way communication. It has optimized and
improvedthetrainingsystem,establishedamentorshipsystemtorapidlyenhancetheworkcapabilitiesandefficiencyofnewemployees,preliminarilybuiltamiddle-levelmanagementtrainingmechanismcenteredaroundmanagementabilityassessmentandfeedback,andincreasedeffortsintalentdevelopment.III.AnalysisofMainBusiness
Overview
See"I.MainBusinessoftheCompanyduringtheReportingPeriod"forrelevantcontent.YoYchangesinmainfinancialdata
Unit:RMB

　ReportingperiodSameperiodofthe previousyearYear-on-year increase/decreas eReasonofchange
Operatingrevenue1,580,023,748.85704,836,410.94124.17%The business volume of gold increased during the reporting period
Operatingcost1,451,925,990.76608,604,638.40138.57%Increasing with the gold business increase
Sellingexpenses10,655,583.0711,963,099.01-10.93%　
Administrative expenses23,758,940.4028,817,829.38-17.55%　
Financialexpenses3,685,893.431,391,732.79164.84%Themainfactorwasloaninterest expenses for increased gold business
Incometaxexpenses19,663,631.3012,466,659.9257.73%Themainreasonwastheincreasein totalprofit comparedtothesame periodlastyear
R&Dinput1,525,705.48　　MainlyR&Dinputforthejewelry platform
Net cash flow from operatingactivities107,309,488.92-10,241,941.901,147.75%Firstly, thereductionininventory forthegoldbusiness;secondly,an
　　　　increaseinrentalincomefromthe TellusGoldandDiamondBuilding.
Net cash flows from investingactivities-136,462,605.64-272,561,687.3049.93%The main reason is that the on- maturity redemptions related to money management during this reporting period increased comparedtothesame periodlast year.
Net cash flows from financingactivities24,828,865.44152,917,899.92-83.76%Themainreasonisthattheincrease in loans for the gold business during this reporting period decreased.
Net increase in cash andcashequivalents-4,323,672.93-129,885,729.2896.67%Firstly,ayear-on-yeardecreasein money management redemptions during the reporting period; secondly,areductionininventory for the gold business; thirdly, an increaseinrentalincomefromthe TellusGoldandDiamondBuilding.
SignificantchangesintheCompany'sprofitcompositionorsourceduringthereportingperiod□Applicable ?Notapplicable
TherearenosignificantchangesintheCompany'sprofitcompositionorsourceduringthereportingperiod.Operatingrevenuecomposition
Unit:RMB

　Reportingperiod　Sameperiodofthepreviousyear　Year-on-year increase/decrease
　AmountProportion in operating revenueAmountProportion in operatingrevenue　
Total operating revenue1,580,023,748.85100%704,836,410.94100%124.17%
分行业　　　　　
Wholesale and retailofjewelry1,441,734,815.2591.25%536,696,671.2576.14%168.63%
Propertyleaseand service138,078,049.358.74%115,235,431.8416.35%19.82%
Others210,884.250.01%52,904,307.857.51%-99.60%
分产品　　　　　
Wholesale and retailofjewelry1,441,734,815.2591.25%536,696,671.2576.14%168.63%
Propertyleaseand service138,078,049.358.74%115,235,431.8416.35%19.82%
Others210,884.250.01%52,904,307.857.51%-99.60%
分地区　　　　　
SouthChina1,017,725,204.8164.41%648,208,941.4991.97%57.01%
EastChina89,258,835.535.65%0.000.00%　
NorthChina426,593,372.5327.00%56,627,469.458.03%653.33%
CentralChina37,329,652.672.36%0.000.00%　
Otherregions9,116,683.310.58%0.000.00%　
Situationofindustries,products,orregionswithoperatingrevenuesoroperatingprofitsaccountingformorethan10%ofthatof
theCompany
?Applicable□Notapplicable

　OperatingrevenueOperatingcostGross profit rateYear-on-year movement in operating revenueYear-on-year movement in operatingcostYear-on-year movement in gross profit rate
Byindustry　　　　　　
Wholesale and retailofjewelry1,441,734,815.251,410,424,605.612.17%168.63%170.55%-0.70%
Property lease andservice138,078,049.3541,501,385.1569.94%19.82%7.49%3.45%
分产品　　　　　　
Wholesale and retailofjewelry1,441,734,815.251,410,424,605.612.17%168.63%170.55%-0.70%
Property lease andservice138,078,049.3541,501,385.1569.94%19.82%7.49%3.45%
分地区　　　　　　
SouthChina1,017,514,320.56897,350,269.6611.81%70.92%78.15%-3.58%
EastChina89,258,835.5387,765,772.741.67%　　　
NorthChina426,593,372.53421,213,393.611.26%653.33%649.17%0.55%
CentralChina37,329,652.6736,682,757.991.73%　　　
Otherregions9,116,683.318,913,796.762.23%　　　
TheCompany'smainbusinessdataforthemostrecentperiodafteradjustmentbasedonthecaliberattheendofthereporting
periodifthestatisticalcaliberoftheCompany'smainbusinessdataisadjustedduringthereportingperiod□Applicable ?Notapplicable
IV.AnalysisofNon-MainBusiness
?Applicable□Notapplicable
Unit:RMB

　AmountProportion in total profitReasonSustainableornot
Investmentincome14,706,604.2514.83%Wealthmanagementincome andinvestmentincomewith therecognitionoftheequity method of shareholding enterprisesNo
Profits and losses of changesinfairvalue-2,981,593.36-3.01%Changes in fair value of unexpired wealth managementproducts,gold leasing business, and hedgingtoolsNo
Non-operatingincome1,112,033.251.12%Changesfeeforbusinesses tochangecontracts,andthe liquidateddamagesforearly cancellationofleases.No
Non-operating expenses107,338.470.11%Liquidated damages repaid to businesses due to renovationNo
V.AnalysisofAssetsandLiabilities
1.Majorchangesinassetcomposition
Unit:RMB

　Endofthereportingperiod　Asoftheendofthepreviousyear　Proportion increase/d ecreaseExplanat ion of major changes
　AmountProportion in total assetsAmountProportion in totalassets　　
Cash at bank andonhand228,605,222.299.17%220,340,961.649.17%0.00%　
Accounts receivable197,419,232.547.92%99,635,751.524.14%3.78%　
Inventories92,137,538.103.70%178,425,833.887.42%-3.72%　
Investment properties992,091,283.5339.79%1,008,137,341.8041.94%-2.15%　
Long-term equity investment81,390,604.973.26%76,511,487.573.18%0.08%　
Fixedassets74,890,303.793.00%78,935,843.493.28%-0.28%　
Construction in progress15,159,796.570.61%7,279,570.050.30%0.31%　
Right-of-use assets67,177,997.922.69%71,904,716.502.99%-0.30%　
Short-term borrowings160,119,111.116.42%145,131,694.446.04%0.38%　
Contract liabilities5,509,635.750.22%7,079,975.380.29%-0.07%　
Long-term borrowings　0.00%0.000.00%0.00%　
Leaseliabilities64,188,913.702.57%69,524,214.232.89%-0.32%　
2.Primaryoverseasassets
□Applicable ?Notapplicable
3.Assetsandliabilitiesatfairvalue
?Applicable□Notapplicable
Unit:RMB

ItemPeriod- beginning amountGains or losses from changes in fair value during this periodAccumulate dchangein fair value included in equityImpair ment accrued in this periodPurchase amountinthis periodSales amount inthisperiodOthe r chan gesPeriod-end amount
Financial assets　　　　　　　　
1. Trading206,294,93219,551.09　　411,000,000.0240,000,000.0　377,514,483.
financial assets (excluding derivative financial assets)1.94　　　00　03
2. Derivative financial assets298,320.00-298,320.00　　　　　0.00
3. Other debt investments67,627,948. 601,706,900.0 0　　62,161,530.3225,510,300.00　105,986,078. 92
4. Other equity instrument investments383,317.67　　　　　　383,317.67
Subtotal of financial assets274,604,51 8.211,628,131.0 9　　473,161,530.3 2265,510,300.0 0　483,883,879. 62
Hedged items85,802,395. 07-420,864.45　　1,648,441,608 .311,664,937,066 .37　68,886,072.5 6
Totalofthe above360,406,91 3.281,207,266.6 4　　2,121,603,138 .631,930,447,366 .37　552,769,952. 18
Financial liabilities56,883,334. 762,208,355.9 8　　17,407,800.0039,065,860.00　37,433,630.7 4
Otherchanges（未完）
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