Dividend Distribution - The company plans to distribute a cash dividend of 0.60 CNY per 10 shares, totaling 202,021,200 CNY (including tax) based on a total share capital of 3,367,020,000 shares as of the end of 2013[5]. - The company distributed a cash dividend of RMB 202,021,200, accounting for 31.9% of the net profit attributable to shareholders in 2012[86]. - The company paid a cash dividend of RMB 0.60 per 10 shares for the year 2013, totaling 30.40% of the net profit attributable to shareholders[86]. - The company has not proposed a cash dividend distribution plan for the current year, as the undistributed profits are positive[86]. Financial Performance - The company's operating revenue for 2013 was RMB 5,504,990,841, a decrease of 4.03% compared to 2012[23]. - Net profit attributable to shareholders for 2013 was RMB 664,535,001, an increase of 4.92% year-on-year[23]. - Basic earnings per share for 2013 was RMB 0.20, up 5.26% from 2012[22]. - The total profit, net profit, and net profit attributable to the parent company were RMB 932.10 million, RMB 697.09 million, and RMB 664.54 million, respectively, representing increases of 13.28%, 14.36%, and 4.92% year-on-year[35]. - The company's total assets at the end of 2013 were RMB 32,103,325,714, an increase of 8.88% from the previous year[23]. - The total liabilities increased by 11.23% to CNY 21.453 billion, with a debt-to-asset ratio of 66.82%, up by 1.40 percentage points[64]. - The company's total equity increased to RMB 10,650,390,142 in 2013, up from RMB 10,196,151,571 in 2012, reflecting a growth of approximately 4.4%[194]. - The company's cash and cash equivalents reached RMB 3.43 billion in 2013, up from RMB 2.86 billion in 2012, indicating a growth of about 20.1%[189]. Investment Properties and Development - The company holds and operates investment properties (including hotels) exceeding 1.2 million square meters in Beijing[20]. - The company’s investment properties (including hotels) generated operating revenue of RMB 2,084.86 million, an increase of 2.27% year-on-year[37]. - The company’s development properties achieved a sales area of 288,000 square meters and a sales amount of RMB 3,805.39 million during the reporting period[37]. - The average selling price of residential properties in Beijing reached RMB 17,854 per square meter, an increase of 7.9% compared to the previous year[33]. - The company aims to enhance its investment properties (including hotels) by leveraging the APEC meeting opportunities to improve brand image and industry influence[81]. Strategic Focus and Market Adaptation - The company aims to enhance its core competitiveness and sustainable development by exploring new real estate businesses such as elderly care and cultural tourism, and optimizing product structure[10]. - The company emphasizes the importance of market demand changes and plans to increase research and development efforts on essential housing products to mitigate sales risks[10]. - The company’s strategic focus includes low-cost expansion models to adapt to market changes[10]. - The company plans to explore innovative financing and diversified financing methods while expanding its brand and low-cost expansion strategies[31]. - The company aims to enhance its market position by adapting to the evolving economic landscape and regulatory environment[74]. Financing and Debt Management - The company’s financing channels included bank loans of RMB 1.01 billion, trust financing of RMB 350 million, and insurance debt financing of RMB 1 billion[39]. - The company’s long-term borrowings increased by 38.98% to CNY 8,010,330,961, reflecting a strategy to secure additional funding for growth[62]. - The company obtained a total of 1.5 billion yuan in entrusted credit loans from the parent company, with an interest rate of 12.50% and a term of 2 years[94]. - The total interest expenses paid for entrusted credit loans during the reporting period amounted to RMB 72,149,792, representing 8.57% of the company's total interest expenses[102]. Corporate Governance and Management - The company has maintained a stable leadership structure with key positions held since 2012[137]. - The company has a diverse management team with extensive experience in real estate and property management[138][139]. - The company has established a performance evaluation and compensation system for senior management, which includes a base salary and performance-based annual bonuses[173]. - The company has implemented a governance structure that includes a shareholder meeting, board of directors, and supervisory board, ensuring effective decision-making and oversight[162]. - The board of directors held 22 meetings during the year, with independent directors actively participating and no objections raised on proposals[167]. Social Responsibility and Community Engagement - The company is committed to corporate social responsibility initiatives, allocating 10 million for community development projects[142]. - The company has actively fulfilled its social responsibility by publishing its annual social responsibility report[86]. Market Trends and Future Outlook - The company anticipates that the real estate market will continue to face supply-demand contradictions, which may pose risks to project operations[83]. - The company plans to enhance customer engagement through improved digital platforms, aiming for a 40% increase in user interaction[142]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.65 billion[142].