Stockcode:000029,200029Stockabbreviation:SPGA,SPGBAnnouncementNo.:2026-017
ShenzhenSpecialEconomicZoneRealEstate&Properties
(Group)Co.,Ltd.FirstQuarterReport2026TheCompanyandallmembersoftheBoardofDirectorsguaranteethattheinformationdisclosedistrue,accurate,andcomplete,andcontainsnofalserecords,misleadingstatements,ormaterialomissions.Importantnotes:
1.TheBoardofDirectors,thedirectors,andtheseniormanagementguaranteetheauthenticity,accuracyandcompletenessofthecontentsofthequarterlyreport,andbearindividualandjointlegalliabilitiesforanyfalserecords,misleadingstatementsormajoromissions.
2.ThePrincipal,theChiefFinanceOfficer,andtheChiefAccountant(accountingsupervisor)declarethattheywillensuretheauthenticity,accuracyandcompletenessofthefinancialinformationinthequarterlyreport.
3.Whetherthefinancialaccountingreportforthefirstquarterhasbeenaudited
□Yes?No
I.Majorfinancialdata
(I)Majoraccountingdataandfinancialindicators
WhethertheCompanyneedstoretroactivelyadjustorrestatetheaccountingdataofpreviousyears
□Yes?No
| Reportingperiod | Sameperiodoflastyear | Increase/decreaseoverthesameperiodofthepreviousyear(%) | |
| Operatingrevenue(RMB) | 67,383,890.02 | 330,053,200.67 | -79.58% |
| Netprofitattributabletoshareholdersofthelistedcompany(RMB) | -3,926,915.41 | 72,421,123.75 | -105.42% |
| Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingnon-recurringgainsandlosses(RMB) | -7,640,881.12 | 68,102,809.31 | -111.22% |
| Netcashflowsfromoperatingactivities(RMB) | 12,339,493.93 | -18,784,578.27 | 165.69% |
| Basicearningspershare(RMB/share) | -0.0039 | 0.0716 | -105.45% |
| Dilutedearningspershare(RMB/share) | -0.0039 | 0.0716 | -105.45% |
| Weightedaveragereturnonnetassets | -0.11% | 1.94% | -2.05% |
| Endofthereportingperiod | Endofthepreviousyear | Increase/decreaseattheendofthereportingperiodcomparedtotheendofthepreviousyear(%) | |
| Totalassets(RMB) | 3,859,715,043.13 | 3,882,782,985.57 | -0.59% |
| Equityattributabletoshareholdersofthelistedcompany(RMB) | 3,613,434,092.38 | 3,612,323,196.38 | 0.03% |
(II)Non-recurringprofitorlossitemsandamounts
?Applicable?Notapplicable
Unit:RMB
| Item | Amountforthereportingperiod | Description |
| Governmentgrantsincludedinprofitorlossforthecurrentperiod(excludinggovernmentgrantsthatarecloselyrelatedtothecompany'snormalbusinessoperations,complywithnationalpoliciesandregulations,areenjoyedaccordingtodeterminedstandards,andhaveasustainedimpactonthecompany'sprofitorloss) | 2,000.00 | Governmentgrantsreceived |
| Gainsorlossesfromchangesinfairvaluearisingfromholdingfinancialassetsandfinancialliabilitiesbynon-financialenterprises,andgainsorlossesfromthedisposaloffinancialassetsandfinancialliabilities,excludingeffectivehedgingactivitiesrelatedtothecompany'snormalbusinessoperations | 3,713,450.72 | Changesinfairvalueandinvestmentincomearisingfrominvestmentsinmoneymarketfunds |
| Othernon-operatingincomeandexpensesotherthantheitemsabove | -1,313.35 | |
| Less:Effectofincometax | 171.66 |
| Total | 3,713,965.71 | -- |
Specificcircumstancesofotherprofitorlossitemsthatmeetthedefinitionofnon-recurringprofitorloss
□Applicable?NotapplicableThecompanyhasnootherprofitorlossitemsthatmeetthedefinitionofnon-recurringprofitorloss.Explanationondefiningnon-recurringprofitorlossitemslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingSecuritiestothePublic—Non-recurringProfitorLossasrecurringprofitorlossitems?Applicable□Notapplicable
| Item | Amountinvolved(RMB) | Reason |
| Refundofhandlingfeesforwithholdingindividualincometax | 52,026.64 | Continuouslyoccurringeachyearandnotoccasional,thusrecognizedasrecurringprofitorloss |
(III)Changesinmajoraccountingdataandfinancialindicatorsandthereasons
?Applicable□NotapplicableInthefirstquarterof2026,theoperatingrevenuedecreasedby79.58%year-on-year,thenetprofitattributabletoshareholdersofthelistedcompanydecreasedby105.42%year-on-year,andthenetprofitattributabletoshareholdersofthelistedcompanyafterdeductingnon-recurringprofitorlossdecreasedby111.22%year-on-year,whichwasmainlyduetoayear-on-yeardecreaseinthecarry-overoftheCompany'srealestateprojectsduringthereportingperiod.Inthefirstquarterof2026,thenetcashflowfromoperatingactivitiesincreasedby165.69%year-on-year,primarilyduetoayear-on-yearincreaseincashreceiptsfromsales,andayear-on-yeardecreaseinpaymentsforconstructionprojects.II.Shareholderinformation
(I)Totalnumberofordinaryshareholdersandpreferredshareholderswithrestoredvotingrights,andshareholdingsoftoptenshareholders
Unit:shares
| Totalnumberofordinaryshareholdersattheendofthereportingperiod | 38,109 | Totalnumberofpreferredshareholderswithrestoredvotingrightsattheendofthereportingperiod(ifany) | 0 | |||||
| Shareholdingsofthetop10shareholders(excludingshareslentthroughrefinancing) | ||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage(%) | Numberofsharesheld | Numberofrestrictedsharesheld | Pledge,markingorfreezing | |||
| Sharestatus | Number | |||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | State-ownedlegalperson | 54.79% | 554,247,280 | 0 | Notapplicable | 0 | ||
| ShenzhenState-ownedEquityOperationManagementCo.,Ltd. | Domesticnon-state-ownedlegalperson | 6.35% | 64,288,426 | 0 | Notapplicable | 0 | ||
| YangJianmin | Domesticnaturalperson | 0.99% | 9,978,000 | 0 | Pledged | 3,890,000 | ||
| WangYulan | Domesticnaturalperson | 0.62% | 6,228,591 | 0 | Notapplicable | 0 | ||||
| HongKongSecuritiesClearingCompanyLtd. | Overseaslegalperson | 0.50% | 5,079,487 | 0 | Notapplicable | 0 | ||||
| ZhangXiujuan | Domesticnaturalperson | 0.47% | 4,755,900 | 0 | Notapplicable | 0 | ||||
| HeQiao | Domesticnaturalperson | 0.39% | 3,968,100 | 0 | Notapplicable | 0 | ||||
| IndustrialandCommercialBankofChinaLimited-ChinaSouthernCSIAllShareRealEstateETFSecuritiesInvestmentFund | Others | 0.32% | 3,197,604 | 0 | Notapplicable | 0 | ||||
| WangZhengying | Domesticnaturalperson | 0.29% | 2,961,900 | 0 | Notapplicable | 0 | ||||
| WangJinghua | Domesticnaturalperson | 0.29% | 2,919,600 | 0 | Notapplicable | 0 | ||||
| Shareholdingsofthetop10shareholderswithoutrestrictionsonsales(excludingshareslentthroughrefinancingandshareslockedbyseniormanagement) | ||||||||||
| Nameofshareholder | Unrestrictedsharesheld | Typeofshares | ||||||||
| Typeofshares | Number | |||||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | 554,247,280 | RMBOrdinaryShares | 554,247,280 | |||||||
| ShenzhenState-ownedEquityOperationManagementCo.,Ltd. | 64,288,426 | RMBOrdinaryShares | 64,288,426 | |||||||
| YangJianmin | 9,978,000 | RMBOrdinaryShares | 9,978,000 | |||||||
| WangYulan | 6,228,591 | RMBOrdinaryShares | 6,228,591 | |||||||
| HongKongSecuritiesClearingCompanyLtd. | 5,079,487 | RMBOrdinaryShares | 5,079,487 | |||||||
| ZhangXiujuan | 4,755,900 | RMBOrdinaryShares | 4,755,900 | |||||||
| HeQiao | 3,968,100 | RMBOrdinaryShares | 3,805,700 | |||||||
| DomesticallyListedForeignShares | 162,400 | |||||||||
| IndustrialandCommercialBankofChinaLimited-ChinaSouthernCSIAllShareRealEstateETFSecuritiesInvestmentFund | 3,197,604 | RMBOrdinaryShares | 3,197,604 | |||||||
| WangZhengying | 2,961,900 | RMBOrdinaryShares | 2,961,900 | |||||||
| WangJinghua | 2,919,600 | DomesticallyListedForeignShares | 2,919,600 | |||||||
| Explanationontheassociatedrelationshipsorconcertedactionsoftheaboveshareholders | AmongtheCompany'stop10unrestrictedpublicshareholders,ShenzhenState-ownedEquityOperationManagementCo.,Ltd.isawholly-ownedsubsidiaryofShenzhenInvestmentHoldingsCo.,Ltd.ItisunknownwhetherthereareanyassociatedrelationshipsamongtheothershareholdersorwhethertheyarepersonsactinginconcertasstipulatedintheAdministrativeMeasuresfortheAcquisitionofListedCompanies. | |||||||||
| Disclosureontheparticipationofthetop10shareholdersinmarginfinancingandsecuritieslending(ifany) | Amongthetop10shareholders,theshareholderranked3rdholds5,460,000sharesinacreditsecuritiesaccount,the6thrankedshareholderholds4,755,900sharesinacreditsecuritiesaccount,the7thrankedshareholderholds3,081,481sharesinacreditsecuritiesaccount,andthe9thrankedshareholderholds2,961,900sharesinacreditsecuritiesaccount. |
ParticipationofShareholdersHoldingMoreThan5%ofShares,theTop10Shareholders,andtheTop10ShareholdersofUnrestrictedTradableSharesinLendingSharesforSecuritiesMarginTradingBusiness
□Applicable?NotapplicableChangesintheTop10ShareholdersandtheTop10ShareholdersofUnrestrictedTradableSharesComparedwiththePreviousPeriodDuetoLending/RepaymentforSecuritiesMarginTrading
□Applicable?Notapplicable(II)Totalnumberofpreferredshareholdersandshareholdingsoftop10preferredshareholdersoftheCompany
□Applicable?Notapplicable
III.Othersignificantmatters
□Applicable?NotapplicableIV.Quarterlyfinancialstatements
(I)Financialstatements
1.ConsolidatedBalanceSheetPreparedby:ShenzhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.
March31,2026
Unit:RMB
| Item | EndingBalance | BeginningBalance |
| CurrentAssets: | ||
| MonetaryAssets | 291,281,583.59 | 284,686,525.04 |
| Settlementfunds | 0.00 | 0.00 |
| Fundsloaned | 0.00 | 0.00 |
| Tradingfinancialassets | 1,053,969,509.13 | 1,050,256,058.41 |
| Derivativefinancialassets | 0.00 | 0.00 |
| Notesreceivable | 200,000.00 | 0.00 |
| Accountsreceivable | 33,591,760.13 | 44,898,083.74 |
| Receivablesfinancing | 0.00 | 0.00 |
| Advancestosuppliers | 53,249.43 | 31,588.45 |
| Premiumsreceivable | 0.00 | 0.00 |
| Reinsurancereceivables | 0.00 | 0.00 |
| Reinsurancecontractprovisionreceivable | 0.00 | 0.00 |
| Otherreceivables | 753,675,650.50 | 747,900,491.52 |
| Including:interestreceivable | 0.00 | 0.00 |
| Dividendsreceivable | 0.00 | 0.00 |
| Financialassetspurchasedunderresaleagreements | 0.00 | 0.00 |
| Inventories | 1,094,997,729.97 | 1,099,359,619.25 |
| Including:Dataresources | 0.00 | 0.00 |
| Contractassets | 26,652,764.49 | 29,035,256.28 |
| Assetsheldforsale | 0.00 | 0.00 |
| Non-currentassetsmaturingwithinoneyear | 0.00 | 0.00 |
| Othercurrentassets | 53,257,901.04 | 66,133,465.24 |
| Totalcurrentassets | 3,307,680,148.28 | 3,322,301,087.93 |
| Non-currentassets: | ||
| Loansandadvances | 0.00 | 0.00 |
| Debtinvestments | 0.00 | 0.00 |
| Otherdebtinvestments | 0.00 | 0.00 |
| Long-termreceivables | 0.00 | 0.00 |
| Long-termequityinvestments | 0.00 | 0.00 |
| Otherequityinstrumentinvestments | 14,495,012.60 | 14,571,511.81 |
| Othernon-currentfinancialassets | 0.00 | 0.00 |
| Investmentproperty | 514,791,519.81 | 522,634,659.17 |
| Fixedassets | 14,265,246.19 | 14,949,900.45 |
| Constructioninprogress | 0.00 | 571,822.67 |
| Productivebiologicalassets | 0.00 | 0.00 |
| Oilandgasassets | 0.00 | 0.00 |
| Right-of-useassets | 0.00 | 0.00 |
| Intangibleassets | 0.00 | 0.00 |
| Including:Dataresources | 0.00 | 0.00 |
| Developmentexpenses | 0.00 | 0.00 |
| Including:Dataresources | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 |
| Long-termdeferredexpenses | 2,420,761.35 | 1,615,683.92 |
| Deferredtaxassets | 6,062,354.90 | 6,138,319.62 |
| Othernon-currentassets | 0.00 | 0.00 |
| Totalnon-currentassets | 552,034,894.85 | 560,481,897.64 |
| Totalassets | 3,859,715,043.13 | 3,882,782,985.57 |
| Currentliabilities: | ||
| Short-termborrowings | 50,000.00 | 50,000.00 |
| Borrowingsfromthecentralbank | 0.00 | 0.00 |
| Loansfrombanksandotherfinancialinstitutions | 0.00 | 0.00 |
| Tradingfinancialliabilities | 0.00 | 0.00 |
| Derivativefinancialliabilities | 0.00 | 0.00 |
| Notespayable | 0.00 | 0.00 |
| Accountspayable | 162,747,770.08 | 171,738,333.04 |
| Advancesfromcustomers | 3,704,503.72 | 722,042.14 |
| Contractliabilities | 24,765,067.54 | 28,400,659.20 |
| Financialassetssoldunderrepurchaseagreements | 0.00 | 0.00 |
| Customerdepositsandinterbankdeposits | 0.00 | 0.00 |
| Agencytradingofsecuritiesreceivable | 0.00 | 0.00 |
| Agencyunderwritingofsecuritiesreceivable | 0.00 | 0.00 |
| Employeecompensationpayable | 27,740,181.80 | 32,757,342.88 |
| Taxespayable | 16,713,989.12 | 26,922,082.58 |
| Otherpayables | 144,043,026.53 | 144,280,409.16 |
| Including:interestpayable | 16,535,277.94 | 16,535,277.94 |
| Dividendspayable | 0.00 | 0.00 |
| Handlingfeesandcommissionspayable | 0.00 | 0.00 |
| Reinsuranceaccountspayable | 0.00 | 0.00 |
| Liabilitiesheldforsale | 0.00 | 0.00 |
| Non-currentliabilitiesduewithinoneyear | 0.00 | 0.00 |
| Othercurrentliabilities | 7,797,328.04 | 7,565,002.87 |
| Totalcurrentliabilities | 387,561,866.83 | 412,435,871.87 |
| Non-currentliabilities: | ||
| Insurancecontractreserves | 0.00 | 0.00 |
| Long-termborrowings | 0.00 | 0.00 |
| Bondspayable | 0.00 | 0.00 |
| Including:preferredshares | 0.00 | 0.00 |
| Perpetualbonds | 0.00 | 0.00 |
| Leaseliabilities | 0.00 | 0.00 |
| Long-termpayables | 0.00 | 0.00 |
| Long-termemployeecompensationpayable | 0.00 | 0.00 |
| Provisions | 0.00 | 0.00 |
| Deferredincome | 0.00 | 0.00 |
| Deferredincometaxliabilities | 867,914.50 | 867,914.50 |
| Othernon-currentliabilities | 0.00 | 0.00 |
| Totalnon-currentliabilities | 867,914.50 | 867,914.50 |
| Totalliabilities | 388,429,781.33 | 413,303,786.37 |
| Owner'sequity: | ||
| Sharecapital | 1,011,660,000.00 | 1,011,660,000.00 |
| Otherequityinstruments | 0.00 | 0.00 |
| Including:preferredshares | 0.00 | 0.00 |
| Perpetualbonds | 0.00 | 0.00 |
| Capitalreserve | 978,244,910.11 | 978,244,910.11 |
| Less:treasuryshares | 0.00 | 0.00 |
| Othercomprehensiveincome | 28,352,926.93 | 23,315,115.52 |
| Specificreserve | 0.00 | 0.00 |
| Surplusreserve | 275,253,729.26 | 275,253,729.26 |
| Generalriskreserve | 0.00 | 0.00 |
| Undistributedprofit | 1,319,922,526.08 | 1,323,849,441.49 |
| Totalequityattributabletoowneroftheparentcompany | 3,613,434,092.38 | 3,612,323,196.38 |
| Minorityinterest | -142,148,830.58 | -142,843,997.18 |
| Totalowner'sequity | 3,471,285,261.80 | 3,469,479,199.20 |
| Totalliabilitiesandowner'sequity | 3,859,715,043.13 | 3,882,782,985.57 |
Legalrepresentative:ChenMingChiefFinanceOfficer:WangJianfeiChiefAccountant:ZhouHongpu
2.ConsolidatedIncomeStatement
Unit:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| I.TotalOperatingRevenue | 67,383,890.02 | 330,053,200.67 |
| Including:OperatingRevenue | 67,383,890.02 | 330,053,200.67 |
| InterestIncome | ||
| PremiumsEarned | 0.00 | 0.00 |
| HandlingChargeandCommissionIncome | 0.00 | 0.00 |
| II.TotalOperatingCosts | 75,121,069.38 | 255,844,424.52 |
| Including:OperatingCosts | 55,467,216.73 | 233,655,807.60 |
| InterestExpense | 0.00 | 0.00 |
| HandlingChargeandCommissionExpense | 0.00 | 0.00 |
| Surrenders | 0.00 | 0.00 |
| NetClaimsPaid | 0.00 | 0.00 |
| Netprovisionforinsuranceliabilityreserve | 0.00 | 0.00 |
| PolicyDividendExpense | 0.00 | 0.00 |
| ReinsuranceExpense | 0.00 | 0.00 |
| TaxesandSurcharges | 4,127,767.35 | 2,335,935.14 |
| SellingExpenses | 2,663,829.39 | 4,399,013.42 |
| Administrativeexpenses | 12,489,091.59 | 15,848,630.08 |
| Researchanddevelopmentexpenses | 0.00 | 0.00 |
| Financialexpenses | 373,164.32 | -394,961.72 |
| Including:Interestexpense | 0.00 | 831,336.40 |
| InterestIncome | 392,318.03 | 1,382,867.81 |
| Add:Otherincome | 54,026.64 | 33,652.46 |
| Investmentincome(lossesareindicatedwitha"-") | 44,997.96 | 99,669.36 |
| Including:Investmentincomefromassociatesandjointventures | 0.00 | 0.00 |
| Gainsonderecognitionoffinancialassetsmeasuredatamortizedcost | 0.00 | 0.00 |
| Exchangegains(lossesareindicatedwitha"-") | 0.00 | 0.00 |
| Netgainonexposurehedges("-"forloss) | 0.00 | 0.00 |
| Gainsfromfairvaluechanges("-"forloss) | 3,713,450.72 | 4,279,979.77 |
| Creditimpairmentloss("-"forloss) | 0.00 | 0.00 |
| Assetimpairmentloss(lossesexpressedwith"-") | 0.00 | 0.00 |
| Gainsfromdisposalofassets(lossesexpressedwith"-") | 0.00 | 0.00 |
| III.Operatingprofit("-"forloss) | -3,924,704.04 | 78,622,077.74 |
| Plus:Non-operatingrevenue | 430.94 | 20,130.73 |
| Less:Non-operatingexpense | 1,744.29 | 1,200.29 |
| IV.Profitbeforetax(“-”forloss) | -3,926,017.39 | 78,641,008.18 |
| Less:Incometaxexpenses | 211,068.85 | 6,619,155.36 |
| V.Netprofit(“-”fornetloss) | -4,137,086.24 | 72,021,852.82 |
| (I)Byoperatingcontinuity | ||
| 1.Netprofitfromcontinuingoperations(“-”fornetloss) | -4,137,086.24 | 72,021,852.82 |
| 2.Netprofitfromdiscontinuedoperations(“-”fornetloss) | 0.00 | 0.00 |
| (II)Byownership | ||
| 1.Netprofitattributabletoownersoftheparentcompany | -3,926,915.41 | 72,421,123.75 |
| 2.Profitorlossofnon-controllinginterests | -210,170.83 | -399,270.93 |
| VI.Othercomprehensiveincome,netoftax | 5,943,148.84 | 2,554,417.89 |
| Othercomprehensiveincome,netoftax,attributabletoownersoftheparentcompany | 5,037,811.41 | 2,424,836.40 |
| (I)Itemsthatwillnotbereclassifiedtoprofitorloss | -76,499.21 | 929,213.41 |
| 1.Remeasurementofdefinedbenefitplans | 0.00 | 0.00 |
| 2.Othercomprehensiveincomethatcannotbereclassifiedtoprofitorlossundertheequitymethod | 0.00 | 0.00 |
| 3.Changesinfairvalueofotherequityinstrumentinvestments | -76,499.21 | 929,213.41 |
| 4.Changesinfairvalueoftheenterprise'sowncreditrisk | 0.00 | 0.00 |
| 5.Others | 0.00 | 0.00 |
| (II)Othercomprehensiveincometobereclassifiedintoprofitorloss | 5,114,310.62 | 1,495,622.99 |
| 1.Othercomprehensiveincomethatcanbereclassifiedtoprofitorlossundertheequitymethod | 0.00 | 0.00 |
| 2.Changesinfairvalueofotherdebtinvestments | 0.00 | 0.00 |
| 3.Amountoffinancialassetsreclassifiedandincludedinothercomprehensiveincome | 0.00 | 0.00 |
| 4.Creditimpairmentallowanceforotherdebtinvestments | 0.00 | 0.00 |
| 5.Cashflowhedgereserve | 0.00 | 0.00 |
| 6.Exchangedifferencesontranslationofforeigncurrencyfinancialstatements | 5,114,310.62 | 1,495,622.99 |
| 7.Others | 0.00 | 0.00 |
| Othercomprehensiveincome,netoftax,attributabletonon-controllinginterests | 905,337.43 | 129,581.49 |
| VII.Totalcomprehensiveincome | 1,806,062.60 | 74,576,270.71 |
| Totalcomprehensiveincomeattributabletoownersoftheparentcompany | 1,110,896.00 | 74,845,960.15 |
| Totalcomprehensiveincomeattributabletonon-controllinginterests | 695,166.60 | -269,689.44 |
| VIII.Earningspershare: | ||
| (I)Basicearningspershare | -0.0039 | 0.0716 |
| (II)Dilutedearningspershare | -0.0039 | 0.0716 |
Forbusinesscombinationsinvolvingenterprisesundercommoncontrolduringtheperiod,thenetprofitoftheacquireebeforethecombinationwasRMB0.00,andthenetprofitoftheacquireeinthepriorperiodwasRMB0.00.Legalrepresentative:ChenMingChiefFinanceOfficer:WangJianfeiChiefAccountant:ZhouHongpu
3.Consolidatedstatementofcashflows
Unit:RMB
| Item | Amountinthecurrentperiod | Amountinthepreviousperiod |
| I.Cashflowsfromoperatingactivities: | ||
| Cashreceivedfromsaleofgoodsandrenderingofservices | 81,026,338.31 | 61,220,397.09 |
| Netincreaseindepositsfromcustomersanddepositswithbanksandotherfinancialinstitutions | 0.00 | 0.00 |
| Netincreaseinborrowingsfromthecentralbank | 0.00 | 0.00 |
| Netincreaseinloansfromotherfinancialinstitutions | 0.00 | 0.00 |
| Premiumsreceivedonoriginalinsurancecontracts | 0.00 | 0.00 |
| Netcashreceivedfromreinsurancebusiness | 0.00 | 0.00 |
| Netincreaseindepositsandinvestmentsfrompolicyholders | 0.00 | 0.00 |
| Interest,handlingchargesandcommissionsreceived | 0.00 | 0.00 |
| Netincreaseinborrowingsfrombanksandotherfinancialinstitutions | 0.00 | 0.00 |
| Netincreaseinproceedsfromrepurchasetransactions | 0.00 | 0.00 |
| Netcashreceivedfromagencytradingofsecurities | 0.00 | 0.00 |
| Taxrebates | 13,417,048.50 | 13,454,368.42 |
| Othercashreceivedrelatedtooperatingactivities | 7,046,975.41 | 7,548,495.69 |
| Subtotalofcashinflowsfromoperatingactivities | 101,490,362.22 | 82,223,261.20 |
| Cashpaidforpurchaseofgoodsandreceiptofservices | 49,428,613.96 | 61,046,888.97 |
| Netincreaseinloansandadvancestocustomers | 0.00 | 0.00 |
| Netincreaseindepositsinthecentralbankandinterbankloansgranted | 0.00 | 0.00 |
| Cashpaidfororiginalinsurancecontractclaims | 0.00 | 0.00 |
| Netincreaseinloanstobanksandotherfinancialinstitutions | 0.00 | 0.00 |
| Cashpaidforinterest,feesandcommissions | 0.00 | 0.00 |
| Cashpaidforpolicydividends | 0.00 | 0.00 |
| Cashpaidtoandonbehalfofemployees | 16,744,701.21 | 16,723,002.57 |
| Taxesandsurchargespaid | 18,842,102.31 | 9,826,795.56 |
| Othercashpaidrelatedtooperatingactivities | 4,135,450.81 | 13,411,152.37 |
| Subtotalofcashoutflowsfromoperatingactivities | 89,150,868.29 | 101,007,839.47 |
| Netcashflowsfromoperatingactivities | 12,339,493.93 | -18,784,578.27 |
| II.Cashflowsfrominvestingactivities: | ||
| Cashreceivedfromwithdrawalofinvestments | 0.00 | 0.00 |
| Cashreceivedfrominvestmentincome | 44,997.96 | 99,669.36 |
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 0.00 | 0.00 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | 0.00 | 0.00 |
| Othercashreceivedrelatedtoinvestingactivities | 0.00 | 0.00 |
| Subtotalofcashinflowsfrominvestingactivities | 44,997.96 | 99,669.36 |
| Cashpaidtoacquireandconstructfixedassets,intangibleassetsandotherlong-termassets | 27,300.00 | 8,625.84 |
| Cashpaidforinvestments | 0.00 | 0.00 |
| Netincreaseinpledgedloans | 0.00 | 0.00 |
| Netcashpaidfortheacquisitionofsubsidiariesandotherbusinessunits | 0.00 | 0.00 |
| Othercashpaidrelatedtoinvestingactivities | 0.00 | 0.00 |
| Subtotalofcashoutflowsfrominvestingactivities | 27,300.00 | 8,625.84 |
| Netcashflowsfrominvestingactivities | 17,697.96 | 91,043.52 |
| III.Cashflowsfromfinancingactivities: | ||
| Cashreceivedfrominvestmentcontributions | 0.00 | 0.00 |
| Including:capitalcontributionsbynon-controllingintereststosubsidiaries | 0.00 | 0.00 |
| Cashreceivedfromborrowings | 0.00 | 0.00 |
| Othercashreceivedrelatedtofinancingactivities | 0.00 | 0.00 |
| Subtotalofcashinflowsfromfinancingactivities | 0.00 | 0.00 |
| Cashpaidtorepayborrowings | 0.00 | 0.00 |
| Cashpaidfordistributionofdividends,profitsorinterest | 0.00 | 873,119.63 |
| Including:dividendsandprofitspaidtominorityshareholdersbysubsidiaries | 0.00 | 0.00 |
| Othercashpaidrelatedtofinancingactivities | 0.00 | 0.00 |
| Subtotalofcashoutflowsfromfinancingactivities | 0.00 | 873,119.63 |
| Netcashflowsfromfinancingactivities | 0.00 | -873,119.63 |
| IV.Effectoffluctuationsinexchangerateoncashandcashequivalents | -87,693.56 | -15,815.10 |
| V.Netincreaseincashandcashequivalents | 12,269,498.33 | -19,582,469.48 |
| Plus:Beginningbalanceofcashandcashequivalents | 278,891,920.87 | 520,910,254.44 |
| VI.Endingbalanceofcashandcashequivalents | 291,161,419.20 | 501,327,784.96 |
(II)Adjustmentsofrelevantitemsoffinancialstatementsatthebeginningoftheyearintheyearofinitialimplementationofnewaccountingstandardsfrom2026
□Applicable?Notapplicable
(III)Auditreport
Whetherthefinancialaccountingreportforthefirstquarterhasbeenaudited
□Yes?NoTheCompany'sfinancialaccountingreportforthefirstquarterhasnotbeenaudited.
BoardofDirectorsofShenzhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.
April30,2026