Financial Performance - The company's operating revenue for 2013 was CNY 1,428,656,542.55, representing a 27.3% increase compared to CNY 1,122,232,060.26 in 2012[19] - The net profit attributable to shareholders for 2013 was CNY 427,284,537.52, which is a 28% increase from CNY 333,810,037.14 in 2012[19] - The net profit after deducting non-recurring gains and losses was CNY 369,700,241.98, reflecting a 14.13% increase from CNY 323,934,330.25 in 2012[19] - The company's total assets at the end of 2013 were CNY 10,306,630,111.12, a 10.01% increase from CNY 9,368,450,562.68 at the end of 2012[19] - The basic earnings per share for 2013 was CNY 0.4600, up 27.99% from CNY 0.3594 in 2012[21] - The weighted average return on equity increased to 9.59% in 2013, up 1.58 percentage points from 8.01% in 2012[21] - The cash flow from operating activities for 2013 was CNY 209,099,455.94, a significant recovery from a negative cash flow of CNY -54,697,920.59 in 2012[19] - Operating profit reached 544 million RMB, up 19.84% compared to the previous year[23] - The company's profit before tax increased by 34.52%, driven by a substantial rise in sales revenue, which accounted for 31.04% of total operating income, up by 11.64 percentage points year-on-year[40] - The company reported a significant increase in other income, which rose by 403.44% to ¥91,650,242.81, primarily due to the disposal of unpaid long-term incentive funds[32] Asset Management - The total assets impairment loss decreased by 95.94%, indicating improved asset management and recovery from previous provisions[32] - The company's inventory increased to RMB 2,161,837,142.74, compared to RMB 2,074,889,778.98 at the beginning of the year, indicating a rise of 4.2%[139] - The company's total equity attributable to shareholders of the parent company was RMB 4,616,827,825.97, up from RMB 4,297,936,030.34 at the beginning of the year, reflecting a growth of 7.4%[139] Dividends and Profit Distribution - The company distributed a cash dividend of CNY 1.40 per 10 shares, totaling CNY 13,004,000, which is 31.6% of the distributable profit for the year[5] - The company distributed RMB 102.17 million to shareholders, which is a decrease from the previous year's distribution of RMB 74.31 million[157] - The company prioritizes cash dividends in profit distribution when conditions permit[118] Strategic Initiatives - The company is actively pursuing strategic transformation by selling non-core assets and adjusting its business model to enhance economic efficiency[23] - The company aims to achieve a total cash income of 1.929 billion yuan in 2013, with sales revenue of 866 million yuan and rental income of 1.011 billion yuan[63] - The company plans to budget 1 billion yuan for land reserve funds to acquire new developable resources, enhancing future development potential[63] - The company is focusing on the marketing of new projects, including the Biyun Garden Service Apartment and Biyun International Community, aiming for a good rental rate[64] Operational Efficiency - The company has implemented a robust internal control system and improved procurement processes through information technology integration[27] - The company has established a strong brand advantage in regional development, with over 1 million square meters of investment properties, ensuring stable rental income for future operations[53] - The company has approximately 588 acres of approved land for development, with 216 acres owned by the company[67] Financial Liabilities and Guarantees - The total guarantee amount (including guarantees to subsidiaries) is RMB 110,552.14 million, accounting for 23.95% of the company's net assets[79] - The net amount of guarantees provided to subsidiaries during the reporting period is RMB -26,249.74 million, with a total guarantee balance of RMB 109,931.54 million at the end of the period[79] - The company provided a guarantee of RMB 657 million for mortgage loans to buyers of commercial housing, effective from the loan issuance date until the real estate certificate is processed[80] Corporate Governance - The company has established a long-term mechanism to enhance corporate governance and internal control[118] - The company held its 2012 annual general meeting on June 28, 2013, where several key reports and proposals were approved[120] - The company has retained Deloitte Huayong as its accounting firm for three years, with an audit fee of RMB 98 million[81] - The company’s independent directors did not raise any objections to board resolutions during the reporting period[122] Human Resources - The total remuneration for the board members and senior management in 2013 amounted to 3.37 million yuan before tax[97] - The company employed a total of 130 staff, including 46 production personnel and 30 sales personnel[113] - The company emphasizes a performance-oriented salary policy linked to performance assessment results[114] Compliance and Reporting - The financial statements for the year ending December 31, 2013, have been audited and found to fairly reflect the company's financial position[137] - The company reported no violations of information disclosure regulations during the reporting period[128] - The company has implemented a system for accountability regarding significant errors in financial reporting, ensuring responsible parties are held accountable[128]