CHIXIA DEVELOPMENT(600533)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was CNY 6,913,588,071.53, representing a 116.87% increase compared to CNY 3,187,954,500.69 in 2021[22] - The net profit attributable to shareholders for 2022 was CNY 188,655,817.51, a decrease of 48.97% from CNY 369,725,727.91 in the previous year[22] - The basic earnings per share for 2022 was CNY 0.18, down 48.57% from CNY 0.35 in 2021[23] - The total assets at the end of 2022 were CNY 22,752,687,984.01, a decrease of 1.73% from CNY 23,154,403,551.54 in 2021[22] - The net cash flow from operating activities for 2022 was negative CNY 904,630,232.15, a decline of 132.22% compared to CNY 2,808,019,936.88 in 2021[22] - The company's net profit for 2022 was 201 million RMB, a decrease of 43.35% compared to the previous year[45] - The company reported a total profit of 313 million RMB, down 31.74% year-on-year[31] Revenue and Sales - In 2022, the company achieved total operating revenue of 6.916 billion RMB, an increase of 116.38% year-on-year[31] - The company completed a sales area of 238,400 square meters, up from 132,500 square meters in the previous year[31] - The real estate development segment generated revenue of ¥6,561,677,113.49, with a year-on-year increase of 129.59%[51] - Revenue from the Nanjing Yujing Bay project was ¥779,551,197.61, with a significant year-on-year increase of 1,487.53%[51] - Nanjing accounted for ¥5,257,096,570.68 in revenue, reflecting a year-on-year increase of 341.19%[51] Assets and Liabilities - The total sales area settled by the company was 238,400 square meters, up from 132,500 square meters in the previous year[45] - The company's total assets as of December 31, 2022, were 22.752 billion RMB, with inventory increasing by 12.49% to 17.291 billion RMB[46] - The company's financial condition remains stable, with monetary funds amounting to 1.868 billion RMB and short-term borrowings of 1.737 billion RMB[45] - Long-term borrowings increased by 42.50% to CNY 3,514,499,499.21 from CNY 2,466,229,236.53, primarily due to new bank loans[64] - The company's total liabilities to assets ratio exceeded 70% for certain guaranteed entities, with a total of RMB 4,008,190,000 in debt guarantees provided[142] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 105,000,000.00[5] - The cash dividend paid out represented 55.66% of the net profit attributable to ordinary shareholders, which was approximately 188.66 million RMB[120] Governance and Compliance - The company held 6 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[90] - The supervisory board convened 3 meetings, with supervisors attending board meetings to monitor the company's operations[90] - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors[91] - The company maintains independence from its controlling shareholder, with no interference in decision-making or operations[92] - The company has established a management system for insider information, with no reported insider trading incidents during the reporting period[93] Risk Management and Financial Stability - The company emphasizes risk prevention and will implement a balanced funding plan while exploring new financing channels[83] - The company will enhance cash flow management and explore new financing models to ensure financial stability[86] - The company has not reported any major defects in internal controls, ensuring compliance and operational efficiency[124] Employee and Management Structure - The company employed a total of 2,250 staff, with 122 in the parent company and 2,128 in major subsidiaries[112] - The company emphasizes a performance-based salary system, linking employee compensation to job performance and qualifications[114] - The company has a structured approach to evaluating executive performance, linking remuneration to annual performance outcomes[103] Environmental and Social Responsibility - The company adheres to environmental regulations and has implemented necessary approvals for its projects to ensure compliance with environmental laws[126] - The company has not disclosed any specific measures taken to reduce carbon emissions during the reporting period[127] Audit and Financial Reporting - The audit report emphasizes that reasonable assurance is obtained regarding the absence of material misstatements due to fraud or error in the financial statements[191] - The audit identified key audit matters, including the determination of inventory net realizable value and revenue recognition for real estate projects, which are critical to the financial statements[193] - The audit report was issued on April 27, 2023, by Zhonghui Accounting Firm, with the audit partners being Shu Zhemin and Chen Yan[194]