Seazen(SH:601155)2019-03-08 16:00Financial Performance - In 2018, the company's revenue reached ¥54,133,310,991, representing a 33.58% increase compared to ¥40,525,684,827 in 2017[21]. - The net profit attributable to shareholders was ¥10,491,286,267, a significant increase of 74.02% from ¥6,028,907,738 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥7,596,526,221, up 51.87% from ¥5,001,952,803 in 2017[21]. - The basic earnings per share rose to ¥4.69, a 73.06% increase from ¥2.71 in 2017[22]. - The weighted average return on equity was 41.91%, an increase of 7.73 percentage points compared to 34.18% in 2017[22]. - The cash flow from operating activities was ¥3,816,995,096, a significant recovery from a negative cash flow of ¥10,485,163,649 in 2017[21]. - The net cash flow from operating activities was 3,816,995,096 yuan, a significant recovery from the previous year's negative cash flow of -10,485,163,649 yuan, indicating strong sales performance and increased advance payments[101]. - The total revenue for the year was 18,120,594 million, with a net profit of 5,745,908 million, representing a profit margin of approximately 31.7%[85]. - The company achieved operating revenue of RMB 54.13 billion, a year-on-year increase of 33.58% compared to RMB 40.53 billion in the previous year[93]. - The net cash flow from financing activities increased by 89.20% to 35,890,503,459 yuan, driven by new bond issuances and increased borrowings[101]. Sales and Market Expansion - The company's contracted sales amounted to 221.098 billion yuan, a year-on-year increase of 74.82%, exceeding the annual target of 180 billion yuan by 122.83%[37]. - The company has expanded its presence to 98 major cities across China, focusing on high-capacity urban areas with strong population attraction[31]. - The company plans to enhance its market position by developing a diverse range of commercial properties tailored to local cultural characteristics[32]. - The company is focusing on high-equity projects, with several developments having equity ratios above 75%[60]. - The company anticipates a continued increase in demand for residential properties, projecting a growth rate of 10% in sales for the upcoming year[60]. - The company plans to expand its market presence by developing new projects in emerging cities, targeting a growth rate of 20% in the next fiscal year[87]. - The company plans to open 94 new projects in 2019, with a total construction area of 20.4 million square meters, including 10.78 million square meters for residential projects and 9.62 million square meters for commercial complexes[124]. Project Development and Completion - The company has multiple ongoing projects with varying completion percentages, such as 99.01% for the project in Yanggu County and 100% for the project in Deqing County[88]. - The company has ongoing residential projects in multiple cities, with a total planned investment of approximately ¥3.5 billion across various developments[60]. - The company has a strong pipeline of projects in various stages of development, with a total projected revenue of 2,000,000 million from these projects[87]. - The company has multiple ongoing projects across various locations, with a total construction area of approximately 2,000,000 square meters[130]. - The company reported a total of 6,755,304 square meters in completed projects and 20,404,895 square meters in planned projects[128]. - The company has several ongoing projects with completion rates above 95%, including the Dongguan Zhangmutou project at 100% and the Xuzhou Macha Lake project at 57.53%[127]. Financial Management and Strategy - The company is committed to enhancing its data governance capabilities through the application of big data, artificial intelligence, and virtual reality technologies[121]. - The company aims to achieve a revenue growth target of 10% for the next fiscal year, driven by new product launches and market expansion strategies[85]. - The company is actively pursuing new strategies for market expansion, with multiple projects in various stages of development across different regions[72]. - The company has committed to avoiding and reducing related party transactions with New City Holdings and its controlled entities[145]. - The company has a commitment to maintain the integrity of shareholder rights during significant matters such as share placements[145]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[66]. Regulatory and Compliance Issues - The company faced a significant lawsuit regarding the invalidity of a share transfer contract involving a subsidiary, with the disputed amount being RMB 1,015.71 million[151]. - The company has received a warning letter from the China Securities Regulatory Commission for failing to timely disclose a major lawsuit related to a share transfer contract[153]. - The company has not encountered any major accounting errors during the reporting period[147]. - The company has maintained compliance with court judgments and has no significant debts that are overdue[154]. - The company has not reported any significant changes in its accounting policies or estimates that would affect its financial reporting[148]. Dividend and Shareholder Returns - The proposed cash dividend for 2018 is CNY 15 per 10 shares, totaling an estimated cash distribution of CNY 3,367,590,809[139]. - The cash dividend payout ratio for 2017 was 30.33%, with a total cash dividend of 1,828,481,191 RMB[141]. - The cash dividend payout ratio for 2016 was 24.69%, with a total cash dividend of 745,464,781 RMB[141]. - The company is committed to long-term shareholder returns while balancing growth and operational stability[139]. - In 2018, the total cash dividend paid by the company amounted to 3,367,590,809 RMB, representing 32.10% of the net profit attributable to ordinary shareholders[141].