EBJB(600622)2016-04-11 16:00Financial Performance - The company's operating revenue for 2015 was approximately RMB 2.10 billion, representing a year-on-year increase of 27.98% compared to RMB 1.64 billion in 2014[18]. - The net profit attributable to shareholders for 2015 was approximately RMB 274.64 million, a decrease of 23.42% from RMB 358.65 million in 2014[18]. - The basic earnings per share for 2015 was RMB 0.534, down 23.39% from RMB 0.697 in 2014[19]. - The company achieved operating revenue of 2.096 billion RMB, completing 104.78% of the annual budget target[35]. - The net profit attributable to the parent company was 275 million RMB, achieving 109.85% of the annual budget target[35]. - The company reported a net profit of 14,824.05 million RMB from its subsidiary Shanghai Jiabao Xinjun Real Estate Co., Ltd., contributing significantly to the overall performance[67]. - The company reported a total comprehensive income of RMB 350,605,263.76 for the period, reflecting a strong performance despite the equity decrease[192]. Assets and Liabilities - The total assets at the end of 2015 were approximately RMB 9.28 billion, an increase of 3.93% from RMB 8.93 billion at the end of 2014[18]. - The company reported a total equity of RMB 3.490 billion, reflecting a decrease from RMB 3.452 billion at the beginning of the year[176]. - The company's total liabilities amounted to RMB 5.789 billion, compared to RMB 5.476 billion at the beginning of the year[176]. - The total liabilities to assets ratio was 62.39%, an increase of 1.72% from the previous year[161]. - The company’s total liabilities and equity reached CNY 4,771,089,990.15, up from CNY 4,444,376,760.48, indicating a growth of 7.3%[180]. Cash Flow - The net cash flow from operating activities for 2015 was approximately RMB 789.59 million, a significant recovery from a negative cash flow of RMB 1.59 billion in 2014[18]. - The company's cash inflow from operating activities totaled RMB 1,125,025,742.44, compared to RMB 457,171,462.22 in the prior period, indicating a growth of approximately 146.5%[190]. - The company reported a net cash flow from investing activities of CNY 223,670,805, a decrease of 25.14% compared to the previous year[188]. - The financing activities resulted in a net cash outflow of CNY -177,277,107, compared to a net inflow of CNY 899,102,609 in the previous year[188]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 2.10 per 10 shares based on the total share capital of 682,606,009 shares as of April 8, 2016[3]. - In 2015, the company distributed a cash dividend of 2.10 RMB per 10 shares, totaling 143,347,261.89 RMB, which represents 52.20% of the net profit attributable to shareholders[92]. - In 2014, the cash dividend was also 2.10 RMB per 10 shares, amounting to 108,003,798.42 RMB, accounting for 30.11% of the net profit attributable to shareholders[92]. Investment and Financing Activities - The company plans to enhance its capital strength through a non-public offering, aiming to raise approximately 1.82 billion RMB[34]. - The company issued 168,302,207 shares at a price of RMB 10.81 per share, raising a total of RMB 1.819 billion, with a net amount of RMB 1.796 billion received[107]. - The company has obtained a total bank credit line of RMB 1.95 billion, with unused credit amounting to RMB 1.633 billion as of the end of the reporting period[164]. Market and Industry Outlook - The company anticipates a stable growth in the real estate sector due to the continuous increase in disposable income and urbanization[71]. - The urbanization rate in China was only 37.9% by the end of 2015, indicating significant potential for future housing demand[72]. - The company expects the competitive landscape in the real estate industry to evolve towards higher levels of brand and comprehensive strength competition[74]. Management and Governance - The company has maintained compliance with all regulatory requirements and has no records of dishonesty during the reporting period[99]. - The company has established a comprehensive internal control mechanism to protect shareholder interests[142]. - The company has not faced any penalties from securities regulatory authorities in the last three years[137]. Employee and Management Structure - The company employed a total of 384 staff, with 120 in the parent company and 264 in major subsidiaries[138]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to 6,800,800 CNY[130]. - The company has implemented a performance-oriented salary system linked to economic performance and annual assessments[139]. Risks and Challenges - The company recognizes potential risks from policy changes, market fluctuations, and financial pressures due to the capital-intensive nature of the real estate industry[84][85][87]. - The company believes that ongoing litigation will not have a significant adverse impact on its operations or debt repayment capacity[166].