Financial Performance - The company's total revenue for 2013 was approximately ¥872.19 million, a decrease of 21.13% compared to ¥1,105.88 million in 2012[16]. - Net profit attributable to shareholders increased by 5.24% to ¥167.26 million from ¥158.93 million in the previous year[16]. - Basic and diluted earnings per share rose to ¥0.24, reflecting a 4.35% increase from ¥0.23 in 2012[16]. - The company's total liabilities increased by 24.52% to CNY 2.69 billion, resulting in a debt-to-asset ratio of 50.77%[26]. - The company reported a total profit of CNY 222.94 million, compared to CNY 215.68 million in the previous year, marking a growth of 3.5%[122]. - The company reported a net profit margin of approximately 7.38% for the current period, indicating a stable profitability level[128]. Cash Flow and Liquidity - The net cash flow from operating activities surged by 352.31% to ¥231.47 million, compared to ¥51.17 million in 2012[16]. - Cash and cash equivalents at the end of the period were CNY 974.82 million, up 70.93% year-on-year[27]. - The company generated CNY 1,553.09 million in cash from operating activities, an increase from CNY 1,038.81 million in the previous year[124]. - The total cash and cash equivalents at the end of the period increased to ¥974,818,677.24 from ¥570,290,957.22 in the previous period, reflecting a net increase of ¥404,527,720.02[125]. - The company maintains a strong liquidity position with a substantial increase in cash reserves, positioning itself well for future investments[196]. Assets and Liabilities - Total assets at the end of 2013 reached approximately ¥5.29 billion, an increase of 14.59% from ¥4.62 billion at the end of 2012[16]. - The company's total assets included cash and cash equivalents of approximately ¥974.82 million, representing 18.42% of total assets[31]. - The total current assets amounted to CNY 194,145,717.23, up from CNY 139,096,651.70, which is an increase of about 39.6%[119]. - The company's total liabilities reached CNY 2,686,350,980.09, up from CNY 2,165,453,527.01, marking a growth of approximately 24.1%[118]. - The deferred tax assets increased to CNY 64,340,188.96 from CNY 21,391,656.29, showing a growth of approximately 201.5%[117]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.22 per 10 shares to all shareholders[6]. - The cash dividend represents 9.11% of the net profit attributable to shareholders, which is RMB 167,257,911.77 for the year 2013[49]. - The cash dividend payout ratio for 2013 is 100% of the distributable profit[49]. - The company has received approval for a cash dividend distribution plan, distributing cash dividends of 0.1 yuan per share based on a total share capital of 692,337,178 shares[47]. Market and Economic Conditions - The real estate market in China saw a recovery, with total sales area and value reaching 1.306 billion square meters and 8.14 trillion respectively, representing year-on-year growth of 17.3% and 26.3%[23]. - The national real estate development investment was approximately 8.6 trillion, showing a year-on-year increase of 19.8%, with residential investment growing by 19.4%[23]. - The overall economic growth rate in China for 2013 was 7.7%, with energy consumption per unit of GDP decreasing by 3.7% compared to the previous year[22]. - The company faced challenges due to external uncertainties, but maintained a stable economic operation with a focus on steady growth and structural adjustments[24]. Corporate Governance and Compliance - The company has maintained effective communication with investors through various channels, including phone calls and meetings[49]. - The company has established a comprehensive governance structure with specialized committees to enhance decision-making quality and oversight[98]. - The company has strengthened its information disclosure practices to protect investors' rights and prevent insider trading[94]. - The company has not experienced any violations regarding shareholder interference in decision-making[93]. Employee and Management Structure - The company employed a total of 276 employees, with 155 under labor contracts and 121 dispatched employees, including 28 senior management personnel, accounting for 18.06% of the total workforce[87]. - The total compensation for directors, supervisors, and senior management during the reporting period amounted to 513.28 million CNY, with 321.18 million CNY from the company and 192.1 million CNY from shareholder units[84]. - The company emphasizes a performance-oriented compensation policy, linking pay to individual performance and completion of work targets[88]. Strategic Initiatives and Future Outlook - The company aims to become a diversified regional excellent listed company focusing on real estate development and sales from 2014 to 2016[44]. - The company plans to accelerate development speed, project mergers, cooperative development, and order-based development to rapidly expand its operational scale[44]. - The company will focus on optimizing its operational model and increasing service outsourcing to reduce operational management risks[47]. - The company projects a revenue guidance of 1.8 billion for 2024, reflecting an expected growth of 20%[79]. Accounting and Financial Reporting - The financial statements of the company are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[138]. - The company’s accounting policies and estimates are based on actual transactions and events, ensuring a true and complete reflection of its financial status[138]. - The company has not changed its major accounting policies during the reporting period[182]. - The company’s financial reports reflect its financial position, operating results, and cash flows accurately[138].