Financial Performance - In 2013, the company achieved a net profit of CNY 6,833,614.33, with a net profit attributable to shareholders of CNY 8,828,249.88, representing a decrease of 63.68% compared to 2012[6]. - The company's operating revenue for 2013 was CNY 109,844,532.00, down 58.53% from CNY 264,862,320.60 in 2012[26]. - Basic earnings per share decreased to CNY 0.026 in 2013, down 63.38% from CNY 0.071 in 2012[28]. - The company reported a loss of ¥6.65 million for the year 2013[47]. - The company reported a total profit of ¥7,289,653.91, down from ¥40,264,952.07, reflecting a decline of approximately 81.9% year-over-year[143]. - The company’s total comprehensive income for the period was ¥6,833,614.33, compared to ¥32,091,667.79 in the previous period, a decrease of about 78.7%[143]. Cash Flow and Investments - The net cash flow from operating activities improved to CNY 33,772,554.63 in 2013, compared to a negative cash flow of CNY 6,227,778.98 in 2012[26]. - The company’s investment activities resulted in a net cash outflow of CNY -4,902,255.00, compared to a net inflow of CNY 524,740.00 in 2012[37]. - The company invested ¥35,000,000.00 in new projects during the year, leading to a net cash outflow from investing activities of ¥37,181,256.00[149]. Assets and Liabilities - The total assets of the company increased by 13.97% to CNY 1,048,097,709.82 at the end of 2013, up from CNY 936,371,215.09 at the end of 2012[26]. - Total liabilities increased to CNY 483,584,352.09 from CNY 374,596,703.88, which is an increase of about 29.1%[137]. - The total amount of cash and cash equivalents decreased by 87.69% to CNY -6,062,599.36, compared to CNY -49,232,506.66 in the previous year[37]. - Accounts receivable increased to ¥40,867,383.24, representing 3.83% of total assets, up 944.11% year-on-year due to uncollected sales proceeds[42]. - Inventory rose to ¥821,161,025.11, accounting for 76.95% of total assets, a 49.16% increase year-on-year attributed to higher development costs[42]. Shareholder Information - The total number of shares outstanding is 340,565,550, with no changes due to stock issuance or other factors during the reporting period[75]. - The total number of shareholders at the end of 2013 is 39,009, with the top ten shareholders holding a combined 18.56% of the total shares[81]. - The largest shareholder, Dulon Investment (Hong Kong) Limited, holds 11.75% of the shares, totaling 40,000,000 shares, which are pledged[81]. - The company did not implement cash dividends from 2008 to 2013 due to insufficient cash flow to meet business development needs[56]. Corporate Governance - The company has established a governance structure that complies with the requirements of the Corporate Governance Code for listed companies[110]. - The board of directors consists of 5 members, including 2 independent directors, ensuring compliance with legal and regulatory requirements[2]. - The supervisory board comprises 3 members, including 1 employee representative, effectively overseeing the legality and compliance of the company's financial activities[3]. - The company has implemented a strict internal control system, with the board responsible for its establishment and the supervisory board overseeing its implementation[123]. Future Outlook and Strategy - The company plans to retain all profits from 2013 to support future investment projects, with no dividend distribution proposed for the year[6]. - The company aims to invest the undistributed profits into real estate projects through its subsidiaries[6]. - The board anticipates continued demand for real estate, although growth rates may slow due to government regulations and tightening credit policies[49]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[151]. Risks and Challenges - The company has identified potential risks in the industry and policy environment, which may impact future performance[11]. - The company is facing risks related to policy changes, project singularity, and financial constraints due to tightening credit policies[54]. - The company reported a significant increase in sales expenses, which rose by 163.71% to CNY 11,745,482.25, primarily due to increased advertising costs[35]. Employee and Remuneration - The total remuneration for the board members and supervisors during the reporting period amounts to 58.82 million yuan[90]. - The total remuneration for directors, supervisors, and senior management amounted to 588,200 yuan[98]. - The company has a total of 102 employees, with 17 in the parent company and 85 in major subsidiaries[101]. - The company has implemented a compensation policy that combines monthly fixed salaries with annual performance evaluations[103].