Financial Performance - Operating income increased by 290.24% to CNY 360,811,079.00 year-on-year[9] - Net profit attributable to shareholders decreased by 13.79% to CNY 12,970,108.74 compared to the same period last year[9] - Net profit for the current period was ¥49,970,054.04, compared to ¥23,945,823.37 in the previous period, reflecting a growth of approximately 108%[31] - Total operating revenue for the current period reached ¥360,811,079, a significant increase from ¥92,459,458 in the previous period, representing a growth of approximately 290%[30] - Total operating costs amounted to ¥277,068,950.79, up from ¥58,233,755.73, indicating an increase of about 376%[30] Cash Flow - Net cash flow from operating activities surged by 1,137.36% to CNY 350,985,139.32[9] - Cash flow from operating activities was ¥526,523,925.22, significantly higher than ¥174,828,071.83 in the previous period, representing an increase of approximately 200%[37] - The net cash flow from operating activities for the current period is ¥687,952,439.12, compared to a negative cash flow of ¥42,923,615.45 in the previous period, indicating a significant improvement[41] - Cash inflow from operating activities totaled ¥964,798,990.55, while cash outflow was ¥276,846,551.43, resulting in a net cash inflow of ¥687,952,439.12[41] - The company reported a significant increase in cash received from operating activities, with a rise from ¥5,009,950.00 in the previous period to ¥964,798,990.55 in the current period[41] Assets and Liabilities - Total assets decreased by 0.66% to CNY 6,999,248,847.16 compared to the end of the previous year[9] - The company's total assets increased to ¥3,694,357,751.92 from ¥3,681,538,512.77, showing a slight growth of about 0.34%[28] - The total liabilities decreased to CNY 5,051,935,783.35 from CNY 5,148,063,205.88, indicating a reduction of about 1.86%[23] - Total liabilities rose to ¥2,986,378,963.17 from ¥2,936,793,440.11, marking an increase of approximately 1.68%[28] - The company's total equity increased to CNY 1,947,313,063.81 from CNY 1,897,343,009.78, reflecting an increase of approximately 2.63%[23] Shareholder Information - The total number of shareholders reached 25,240[11] - The company's basic and diluted earnings per share remained stable at ¥0.03 for both periods[31] Operational Insights - The company reported a significant increase in sales revenue due to the increase in transferable real estate[17] - The company plans to provide entrusted loans to its controlling subsidiary as approved in the board meeting[17] - The rental rate for warehouse space in Beijing is 0.97 CNY/sqm/day with a 100% occupancy rate[15] - The company has ongoing projects with varying completion rates, including 京能.天下川 and 京能.四合上院[16] Inventory and Accounts Payable - The inventory decreased to CNY 3,885,274,573.79 from CNY 4,007,572,104.45, a decline of approximately 3.05%[21] - The accounts payable decreased to CNY 246,871,249.29 from CNY 305,490,874.16, a reduction of about 19.19%[22] Financial Management - The company's cash and cash equivalents increased to CNY 2,636,454,412.50 from CNY 2,507,410,496.63, representing a growth of approximately 5.13%[21] - The ending balance of cash and cash equivalents is ¥1,214,009,236.35, down from ¥1,472,981,025.50 at the beginning of the period, reflecting a decrease of ¥258,971,789.15[42] - The company paid ¥221,910,217.45 in dividends and interest during the financing activities, compared to ¥16,722,706.22 in the previous period[39] - The cash outflow for taxes paid was ¥52,897.88, significantly lower than ¥610,177.01 in the previous period, indicating improved tax management[41]

Financial Performance - The company's operating revenue for 2013 was CNY 1,473,119,248.20, representing a 36.61% increase compared to CNY 1,078,363,437.30 in 2012[25] - The net profit attributable to shareholders for 2013 was CNY 156,437,013.95, a decrease of 5.39% from CNY 165,345,849.08 in 2012[25] - Basic earnings per share for 2013 were CNY 0.35, down 5.41% from CNY 0.37 in 2012[26] - The weighted average return on equity decreased to 11.98% in 2013, down from 13.88% in 2012, a decline of 1.90 percentage points[26] - The company achieved a total profit of 385 million RMB and a net profit of 282 million RMB, resulting in a return on equity of 11.98%[31] - Operating revenue increased by 36.61% to approximately 1.47 billion RMB, while operating costs rose by 42.49% to approximately 683.64 million RMB[39] - The company reported a significant increase in sales expenses by 131.23% to approximately 32.50 million RMB due to increased product sales[41] - The company reported a net profit for the year of CNY 281,997,737.51, representing a 5.5% increase from CNY 267,376,462.03 in the prior year[135] - The company reported a comprehensive income total of CNY 281,006,747.51, compared to CNY 235,147,061.39 in 2012, an increase of 19.5%[135] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 1,403,845,255.84 in 2013, compared to a negative cash flow of CNY -768,749,503.49 in 2012[25] - The total cash inflow from operating activities for 2013 was CNY 2,178,161,627.42, a significant increase from CNY 587,739,312.95 in the previous year, representing a growth of approximately 270%[140] - The cash inflow from financing activities was CNY 2,300,000,000.00, an increase from CNY 1,324,200,000.00 in the previous year, reflecting a growth of approximately 73.5%[141] - The total cash and cash equivalents at the end of 2013 reached CNY 2,507,410,496.63, a substantial increase from CNY 300,770,551.52 at the end of the previous year[141] - The company reported a cash inflow of CNY 116,625,397.94 from other operating activities, up from CNY 104,505,298.77 in the previous year, indicating improved operational efficiency[140] Assets and Liabilities - Total assets increased by 42.92% to CNY 7,045,406,215.66 at the end of 2013, up from CNY 4,929,700,225.78 at the end of 2012[25] - Long-term borrowings increased by 224.15% to ¥2,603,050,000, indicating a substantial rise in financing activities[47] - Total liabilities increased to CNY 2,936,793,440.11, up from CNY 1,667,141,307.23, marking a rise of 76.2%[132] - The company reported total current assets of ¥6,665,552,775.37 as of December 31, 2013, an increase from ¥4,563,782,888.69 at the beginning of the year, representing a growth of approximately 46%[126] Shareholder Information - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares, totaling CNY 22,644,000, based on a total share capital of 45,288,000 shares[5] - The total number of shares outstanding is 452,880,000, with 99.87% being unrestricted shares[76] - The largest shareholder, Beijing Energy Investment (Group) Co., Ltd., holds 45.26% of shares, totaling 204,983,645 shares[82] - The total number of shareholders at the end of the reporting period was 22,136, with an increase to 24,174 by the fifth trading day[81] Corporate Governance - The company has a diverse board with members holding various positions in Beijing Energy Investment Group, indicating strong corporate governance[92] - The company has maintained its independent board structure, which is crucial for effective decision-making and risk management[92] - The company has implemented a governance structure in compliance with national laws and regulations, ensuring effective decision-making and transparency in operations[108] - Independent directors did not raise objections to any board resolutions or other matters during the reporting period, actively participating in discussions and providing reasonable suggestions[111] Strategic Development - The company plans to start new construction projects with a total area of no less than 170,000 square meters in 2014[37] - The company aims to distribute at least 10% of its distributable profits as cash dividends annually, provided it is profitable[60] - The company is closely monitoring macroeconomic and real estate policy changes to adjust its development pace accordingly[58] - The company emphasizes a market-driven approach in the real estate sector, aligning with national reforms aimed at promoting a competitive and transparent market environment[54] Financial Reporting and Compliance - The company’s board of directors confirmed that the financial report was prepared in accordance with accounting standards and accurately reflects the company's financial position[124] - The company’s audit report was issued with a standard unqualified opinion, indicating that the financial statements present a true and fair view of the company's financial status[121] - The company has not reported any major errors in annual report disclosures during the reporting period, demonstrating effective compliance with disclosure requirements[118] Employee and Management Information - The total number of employees in the parent company is 90, with major subsidiaries contributing an additional 64 employees, resulting in a total of 154 employees[100] - The total remuneration for the reporting period for the board members amounted to 3.66 million yuan (pre-tax)[90] - The company has established a performance management system to determine the remuneration of senior management, ensuring alignment with company performance[100] - The company provided training opportunities through online, internal, and external training to enhance employees' professional skills[103]