Seazen(SH:601155)2017-02-24 16:00Financial Performance - The net profit attributable to shareholders for 2016 was CNY 3,019,228,519, representing a 64.42% increase compared to CNY 1,836,274,417 in 2015[2]. - The operating revenue for 2016 reached CNY 27,969,282,458, an increase of 18.67% from CNY 23,568,793,145 in 2015[19]. - The net assets attributable to shareholders increased by 22.44% to CNY 14,853,744,113 at the end of 2016, up from CNY 12,131,218,713 at the end of 2015[19]. - The total assets grew by 52.16% to CNY 103,170,607,492 in 2016, compared to CNY 67,802,115,596 in 2015[19]. - The cash flow from operating activities amounted to CNY 8,097,204,594, a significant turnaround from a negative cash flow of CNY -957,155,648 in 2015, marking a 945.97% increase[19]. - Basic earnings per share increased by 17.24% to CNY 1.36 compared to CNY 1.16 in the previous year[20]. - The weighted average return on equity decreased by 0.09 percentage points to 22.44% from 22.53% in the previous year[20]. - The total revenue for the company in 2016 was approximately 5.75 billion, with a net profit of around 3.26 billion, reflecting a year-on-year increase of 3.5% in revenue and 1.5% in net profit[74]. Shareholder Returns - The company proposed a cash dividend of CNY 3.30 per 10 shares, based on a total share capital of 2,258,984,186 shares[2]. - The dividend payout ratio for 2016 was 24.69%, compared to 10.05% in 2015[135]. - The total distributable profit for shareholders in 2016 was CNY 4,280,195,211 after accounting for various adjustments[134]. - The company has committed to actively returning profits to shareholders and fostering long-term investors[2]. Risks and Uncertainties - The company has outlined various risks and uncertainties that may affect future performance, which investors should consider[5]. - The company faces policy regulation risks due to tightening macro-control policies affecting land acquisition and project financing[129]. - Market risks are present as housing price trends vary across different regions, impacting the company's revenue[130]. Project Development and Sales - The company’s total contract sales reached 65.06 billion, representing a year-on-year growth of 103.76%, outperforming the industry average growth of 40%[34]. - The company achieved a historical high in sales area, with 1.573 billion square meters sold nationwide, a year-on-year increase of 22.5%[37]. - The total sales amount for the year reached 11.76 trillion, marking a year-on-year growth of 34.8%[37]. - The company opened 5 new commercial complexes during the reporting period, enhancing its brand recognition and operational capabilities[32]. - The company’s inventory of unsold residential properties decreased by 3.2% year-on-year, optimizing inventory structure[41]. Financial Management - The company’s total liabilities increased by 56.97% to 245.49 billion yuan, with bank loans rising by 62.56% to 8.18 billion yuan[101]. - The weighted average cost of debt financing decreased to 5.49% from 7.18% in the previous year, indicating improved financing conditions[101]. - The company reported a significant increase in cash outflow from investment activities, totaling -¥8,707,305,605, reflecting increased funding transactions with joint ventures[90]. Corporate Governance - The company has appointed PwC as the financial auditor for the 2016 fiscal year, with an audit fee of RMB 2.4 million[141]. - The company has no major litigation or arbitration matters during the reporting period[142]. - The company has committed to ensuring fair treatment of all investors during significant events such as stock distribution[140]. Social Responsibility - The "Seven Color Light Plan" aims to establish 100 reading libraries in impoverished rural primary schools across China to improve educational conditions for children[163]. - In 2016, the company donated 12 reading libraries and provided over 33,000 books, 1,200 sets of stationery, and various educational facilities to rural schools in four provinces[160]. - The total investment in educational poverty alleviation reached ¥440,470.75, benefiting 1,400 students through the donated libraries[162]. Future Outlook - Future guidance indicates a projected revenue growth of 5% for 2017, driven by ongoing projects and market expansion strategies[74]. - The company plans to expand its operations to key provincial capitals with balanced supply and demand and strong population attraction across the country[31]. - The company aims for a contract sales amount of 85 billion yuan in 2017, focusing on quality growth and product enhancement[120].