Deluxe Family(600503)2020-04-21 16:00Financial Performance - The net profit attributable to the parent company for 2019 was CNY 196,500,482.61, representing an increase of 891.15% compared to the previous year[5]. - The total operating revenue for 2019 reached CNY 2,345,680,408.95, which is an increase of 506.30% from CNY 2,110,016,908.65 in 2018[21]. - The basic earnings per share for 2019 was CNY 0.1226, up 888.71% from CNY 0.0124 in 2018[23]. - The company reported a net profit after deducting non-recurring gains and losses of CNY 181,492,847.24 for 2019, which is a significant increase from CNY 10,026,624.15 in 2018[21]. - The company reported a total profit for 2019 of ¥290,937,042.18, a substantial increase from ¥29,814,124.52 in 2018[174]. - The company reported a net profit margin of 10% for the fiscal year 2019, up from 8% in 2018[128]. Cash Flow and Assets - The net cash flow from operating activities for 2019 was negative CNY 36,075,473.40, a decrease of 105.22% compared to a positive cash flow of CNY 690,857,903.38 in 2018[22]. - The total assets at the end of 2019 were CNY 6,568,201,221.98, a decrease of 9.60% from CNY 7,266,010,423.09 at the end of 2018[22]. - The company’s cash and cash equivalents increased to RMB 598,126,880.96 in 2019 from RMB 420,951,064.72 in 2018, representing a growth of approximately 42.3%[164]. - The company’s total current assets decreased from RMB 3,687,198,012.76 in 2018 to RMB 3,274,308,876.00 in 2019, a decline of approximately 11.2%[164]. - The company’s total liabilities reached CNY 2,599,113,201.21, down from CNY 3,399,331,943.32, indicating a reduction of about 23.5%[171]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.18 per 10 shares, totaling CNY 28,841,220.00[5]. - The company’s cash dividend distribution for 2019 is based on a total share capital of 196,500,482.61 RMB[89]. - The company has not proposed a cash profit distribution plan for the current reporting period despite having positive distributable profits[90]. - The profit distribution included a surplus reserve extraction of CNY 8,188,613.95, while the distribution to owners (or shareholders) was CNY -8,011,463.14, indicating a negative impact on shareholder returns[195]. Market and Strategic Focus - The company is focusing on enhancing its core competitiveness in real estate development under the "housing is for living, not for speculation" policy[30]. - The company is actively monitoring real estate market policies and trends to strategically increase land reserves[31]. - The company plans to focus on the Suzhou Taihu Shangjing Garden residential project and the Zunyi Huali family project in 2020, optimizing project development and sales[82]. - The company plans to continue focusing on market expansion and new product development to drive future growth[176]. Research and Development - Total research and development expenses amounted to 19.08 million yuan, representing 0.81% of the company's operating revenue[59]. - The company is investing 50 million in R&D for new technologies aimed at enhancing user experience[130]. - The number of R&D personnel accounted for 17.99% of the total workforce, with 52 employees dedicated to research and development[59]. Governance and Compliance - The company has maintained a governance structure that complies with relevant laws and regulations, ensuring independent operation of the board and supervisory committee[140]. - The company has implemented a transparent information disclosure policy in accordance with stock exchange regulations[142]. - The company has not reported any major litigation or arbitration matters during the reporting period[96]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries was 289, with 43 in the parent company and 246 in subsidiaries[135]. - The company has established a competitive remuneration policy based on job requirements and industry standards[136]. - The total remuneration for all directors, supervisors, and senior management was 10.9111 million yuan (pre-tax) at the end of the reporting period[132]. Risks and Challenges - The company acknowledges risks related to market competition and investment, particularly in the graphene and robotics sectors, which are still in the R&D phase[85]. - The real estate market is expected to face pressure due to economic downturns and the impact of COVID-19, but long-term urbanization trends remain positive[80].