Deluxe Family(600503)2018-04-26 16:00Financial Performance - The net profit attributable to the parent company for 2017 was CNY 225,338,117.94, with cumulative distributable profits amounting to CNY 708,078,472.02[5]. - The company reported a net profit of 112,894,859.20 in the fourth quarter of 2017, showing a recovery from previous quarters[25]. - The net profit attributable to shareholders for 2017 was 225,338,117.00, a decrease of 13.56% compared to the previous year[21]. - The basic earnings per share for 2017 was 0.1406, representing an increase of 113.68% from 0.0658 in 2016[23]. - The diluted earnings per share for 2017 was also 0.1406, consistent with the basic earnings per share[23]. - The company reported a net loss of 4.96 million yuan in 2017, with significant impacts from non-operating income and expenses[29]. - The company reported a net profit attributable to the parent company of -41.12 million RMB after deducting non-recurring gains and losses for the year 2017[125]. - The total comprehensive income for the year was CNY 204,210,158.91, compared to CNY 84,559,704.67 in the previous year, indicating strong growth[197]. Revenue and Sales - The operating revenue for 2017 reached CNY 2,110,016,908.65, representing a 119.70% increase compared to the previous year[20]. - The company reported a significant increase in operating revenue from CNY 955,991,357 in 2016 to CNY 2,110,016,908.65 in 2017[20]. - The company completed the delivery of 235,977 square meters in the Suzhou Taihu Shangjing Garden project, generating sales revenue of 1,968.26 million yuan[46]. - In 2017, the real estate sales revenue of Huayi Family reached RMB 2,064.73 million, accounting for 98.09% of total operating income[177]. Assets and Liabilities - The total assets at the end of 2017 were 6,152,411,760.00, down 13.22% from 7,089,577,880.00 at the end of 2016[22]. - The total liabilities at the end of 2017 were 4,560,000,000.00, reflecting a decrease compared to the previous year[22]. - The company’s total equity as of December 31, 2017, was CNY 3,732,107,435.89, slightly up from CNY 3,717,627,840.62 at the start of the year, showing a growth of about 0.39%[193]. - The company reported a total of CNY 1,227,600,000.00 in long-term borrowings, a significant increase from CNY 10,000,000.00 in the previous year[188]. Investments and Future Plans - The company plans to focus on expanding its market presence and developing new technologies in the upcoming year[24]. - The company is focusing on technology investment and transitioning to a "finance + technology" model, with innovation projects including graphene, intelligent robots, and near-space aircraft[31]. - The company plans to launch 130,000 square meters of new projects in 2018, with an expected contract amount of approximately 1.7 billion yuan[47]. - The company aims to cultivate new profit growth points in the technology and finance sectors while solidifying its core real estate business[31]. Governance and Compliance - The company has maintained a consistent financial disclosure and governance structure, ensuring transparency in its operations[8]. - The company has established a remuneration and assessment committee that proposes compensation plans for senior management based on industry averages and annual performance metrics[171]. - The company has made significant efforts to ensure compliance with the Shanghai Stock Exchange's disclosure requirements, maintaining transparency in its operations[6]. - The company has revised its governance structure and internal regulations to align with the requirements of the Company Law and Securities Law[7]. Market Environment - The company is facing a challenging real estate market environment, with ongoing regulatory tightening and a shift towards a housing system that prioritizes residential needs over speculative investments[76]. - The overall real estate market in China is stabilizing, with a shift from demand-side suppression to supply-side adjustments, positively impacting long-term mechanisms in the housing market[32]. - The company is facing market competition risks in the innovative technology sector, with a growing number of competitors threatening a healthy competitive environment[101]. Research and Development - R&D expenses amounted to RMB 24.95 million, representing 1.18% of operating revenue, with 114 R&D personnel making up 25.79% of the total workforce[70]. - The company has established partnerships with research institutions to enhance its capabilities in graphene technology and its applications in various industries[36]. - The company is in the R&D phase for its near-space flight project, which requires significant funding and has a long investment cycle[52]. Shareholder Information - The total number of ordinary shareholders increased from 201,619 to 211,571, representing a growth of approximately 4.7%[137]. - The largest shareholder, Shanghai Nanjing (Group) Co., Ltd., holds 114,020,000 shares, accounting for 7.12% of total shares[139]. - The total number of restricted shares at the beginning of the year was 39,599,280, which were fully released on August 18, 2017[136]. Employee and Management - The company employed a total of 442 staff, including 29 in the parent company and 413 in major subsidiaries[157]. - The company has established a competitive compensation policy based on knowledge, skills, experience, and education requirements[158]. - The total pre-tax remuneration for independent director Yuan Shumin was CNY 120,000 for the reporting period[148].