Deluxe Family(600503)2021-04-26 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 150,154,371.79 in 2020, a decrease of 23.59% compared to RMB 196,500,482.61 in 2019[5]. - Total revenue for 2020 was RMB 1,079,571,218.68, representing a decline of 53.98% from RMB 2,345,680,408.95 in 2019[24]. - Basic earnings per share for 2020 were RMB 0.0937, down 23.57% from RMB 0.1226 in 2019[26]. - The weighted average return on equity decreased to 3.88% in 2020 from 5.19% in 2019, a reduction of 1.31 percentage points[26]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was RMB 135,542,949.09 in 2020, down 25.32% from RMB 181,492,847.24 in 2019[24]. - The company reported a total profit of CNY 192,325,064.68 for 2020, down from CNY 290,937,042.18 in 2019, a decrease of 33.9%[172]. - The company reported a net cash flow from operating activities of CNY 235,074,526.10, compared to a negative cash flow of CNY -36,075,473.40 in the previous year[178]. - The company reported a total revenue of 1.2 billion in 2020, representing a year-over-year growth of 15%[126]. Assets and Liabilities - The company's total assets decreased by 13.76% to RMB 5,664,392,084.99 at the end of 2020, down from RMB 6,568,201,221.98 in 2019[25]. - The company's net assets attributable to shareholders decreased by 4.18% to RMB 3,793,353,264.65 at the end of 2020[25]. - The company's total current assets were RMB 2,715,481,666.72, compared to RMB 3,274,308,876.00 in 2019, reflecting a decline of about 17%[164]. - The company's total liabilities decreased from ¥2,599,113,201.21 in 2019 to ¥1,886,218,280.17 in 2020, a reduction of about 27.38%[166]. - The company's total equity attributable to shareholders decreased from ¥3,959,037,582.25 in 2019 to ¥3,793,353,264.65 in 2020, a decline of about 4.19%[166]. Cash Flow - The cash flow from operating activities for 2020 was RMB 235,074,526.10, a significant recovery from a negative cash flow of RMB -36,075,473.40 in 2019[25]. - The total cash inflow from investment activities amounted to CNY 543,351,537.89, while cash outflow was CNY 413,830,963.86, resulting in a net cash flow of CNY 129,520,574.03[178]. - The company reported a net cash flow from financing activities of CNY -496,520,202.48, indicating a significant outflow compared to CNY -165,768,570.88 in the previous year[179]. Business Operations - The company adjusted its business strategy in response to the COVID-19 pandemic, maintaining steady development despite market challenges[33]. - The company completed pre-sale agreements for 67,400 square meters and delivered 80,300 square meters, a decrease of 56.29% year-on-year[42]. - The company recognized an investment income of RMB 88.23 million from its 40% stake in Huatai Futures, an increase of 143.27% year-on-year[45]. - The company has a land reserve of 85,300 square meters, including 23,200 square meters in Suzhou and 62,100 square meters in Zunyi[43]. Social Responsibility - The company made a donation of RMB 5 million to Wuhan Charity Association and RMB 1 million to Suzhou Red Cross for COVID-19 relief efforts[39]. - The company has been actively involved in social responsibility initiatives, contributing to education support and disaster response[39]. Market Outlook - In 2021, the real estate market will continue to focus on stability under the "housing is for living, not for speculation" policy, with no short-term overheating expected[76]. - The urbanization process in China presents long-term growth opportunities for the real estate industry, despite the shift from high-speed to stable growth[76]. Governance and Compliance - The company has not faced any penalties from securities regulatory agencies in the past three years[134]. - The internal control audit for 2020 was conducted by Zhongxinghua Accounting Firm, resulting in a standard unqualified opinion[145]. - The company has established various committees, including a strategic development committee and an audit committee, to provide professional opinions for decision-making[138]. Compensation and Employment - Total compensation for all directors, supervisors, and senior management amounted to 16.4454 million yuan (pre-tax) as of the end of the reporting period[131]. - The company employed a total of 270 staff, with 59 in the parent company and 211 in major subsidiaries[134]. - The company has established a competitive compensation policy based on knowledge, skills, experience, and education[135].