Deluxe Family(600503)2017-04-27 16:00Financial Performance - The net profit attributable to the parent company for 2016 was ¥128,806,237.32, representing a 505.97% increase compared to ¥21,256,240.07 in 2015[2]. - Operating revenue for 2016 reached ¥955,991,357.72, a 122.21% increase from ¥430,229,229.71 in 2015[17]. - The net cash flow from operating activities was ¥974,925,741.63, up 53.05% from ¥636,989,222.93 in 2015[18]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥127,506,321.68, up 1,019.1% from ¥11,393,036.43 in 2015[18]. - Basic earnings per share increased by 504.51% to CNY 0.0804 in 2016 compared to CNY 0.0133 in 2015[19]. - The weighted average return on equity rose by 2.90 percentage points to 3.49% in 2016 from 0.59% in 2015[19]. - The company achieved a significant increase in net profit after deducting non-recurring gains, which was CNY 3,045,151.43 in Q4 2016[22]. - The company reported a significant increase in revenue, achieving a total of 250 million in the last fiscal year, representing a growth of 10% year-over-year[134]. - The company has set a future revenue guidance of 300 million for the next fiscal year, indicating a projected growth of 20%[136]. Assets and Liabilities - The total assets as of the end of 2016 were ¥6,534,653,831.71, a 20.62% increase from ¥5,417,488,105.09 in 2015[18]. - The company's total equity attributable to shareholders was ¥3,750,096,030.80, a 3.39% increase from ¥3,627,191,873.85 in 2015[18]. - The total liabilities increased to CNY 2,770,452,237.69 from CNY 1,763,500,688.50, representing a rise of about 57.1%[163]. - The company's cash and cash equivalents decreased to CNY 659,501,023.33 from CNY 886,042,656.50, a decline of approximately 25.6%[161]. - Inventory increased significantly to CNY 3,121,837,557.44 from CNY 2,714,478,667.52, marking a growth of approximately 15.0%[162]. Investments and Dividends - A cash dividend of ¥0.24 per share (including tax) is proposed, totaling ¥38,454,960.00 based on a total share capital of 1,602,290,000 shares[2]. - The cash dividend for 2016 represents 29.85% of the net profit attributable to ordinary shareholders[99]. - The company invested CNY 57,600,000 in Xiamen International Bank, holding 32,000,000 shares, which represents a 3.82% stake[48]. - The company’s investment in Huatai Futures Co., Ltd. was CNY 80,000,000, maintaining a 40% ownership stake[48]. Real Estate Development - The company is focusing on real estate projects, including the Shanghai Huijing Tiandi and Suzhou Taihu Shangjing Garden, aiming for inventory reduction and cash recovery[28]. - The company completed real estate development investment of 216.32 billion yuan in Suzhou in 2016, a growth of 16.0% compared to the previous year[35]. - The new construction area of commercial housing in Suzhou was 29.67 million square meters, an increase of 37.8% year-on-year[35]. - The company’s main real estate project, "Taihu Shangjing Garden," has a total construction area of nearly 1 million square meters, targeting high-end consumers and young families[65]. Research and Development - Research and development expenses totaled ¥1,132.55 million, accounting for 1.18% of total revenue, with 29.92% of the workforce dedicated to R&D[60]. - The company is focusing on diversifying its operations into technology and finance sectors to create new profit growth points[34]. - The company has established partnerships with leading research institutions to enhance its technological innovation capabilities[32]. - The company is committed to further developing its technology projects, including graphene coatings and flexible screen smartphones[86]. Risks and Compliance - The report includes a detailed description of major risks faced by the company, which investors should be aware of[4]. - The company has not reported any non-compliance with accounting standards or special reasons for non-disclosure[95]. - The company has not reported any significant accounting errors or issues with its previous auditors[105]. - The company is facing risks in the real estate sector due to high capital intensity and dependence on government policies affecting land prices and financing[88]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 234,770, an increase from 227,721 at the end of the previous month[119]. - The largest shareholder, Shanghai Nanjiang (Group) Co., Ltd., held 114,020,000 shares, representing 7.12% of the total shares[121]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders alone accounting for over 12% of total shares[121]. - The actual controller of the company is Liu Yajuan, who is also the chairman of Shanghai Nanjiang (Group) Co., Ltd.[127]. Management and Governance - The company has established a governance structure in compliance with relevant laws and regulations since its listing[145]. - The board of directors consists of various committees, including a strategy committee and an audit committee, to provide professional opinions for decision-making[146]. - The company maintains independence from its controlling shareholder in terms of assets, business, and personnel[146]. - Total compensation for all directors, supervisors, and senior management amounted to 4.8305 million yuan (pre-tax) at the end of the reporting period[138].