TAGEN GROUP(000090)2021-04-12 16:00Financial Performance - The company's operating revenue for 2020 was ¥17,124,707,926.40, representing a 16.77% increase from ¥14,665,288,591.27 in 2019[20]. - The net profit attributable to shareholders for 2020 was ¥1,486,176,260.22, a 20.22% increase from ¥1,236,193,764.65 in 2019[20]. - The net profit after deducting non-recurring gains and losses for 2020 was ¥1,454,784,096.66, up 23.07% from ¥1,182,096,155.68 in 2019[20]. - The company's total assets at the end of 2020 were ¥48,998,633,233.39, a 21.54% increase from ¥40,313,371,788.43 at the end of 2019[20]. - The weighted average return on net assets for 2020 was 14.31%, compared to 13.42% in 2019[20]. - The company achieved a basic earnings per share of ¥0.7380 in 2020, reflecting a 22.14% increase from ¥0.6042 in 2019[20]. - Total revenue for 2020 reached ¥17,124,707,926.40, representing a 16.77% increase from ¥14,665,288,591.27 in 2019[93]. - The construction industry accounted for ¥12,305,902,997.44, or 60.71% of total revenue, with a year-on-year growth of 26.62%[93]. - Real estate sales generated ¥6,917,071,636.66, contributing 34.13% to total revenue, reflecting a 5.42% increase compared to the previous year[93]. - Revenue from property leasing was ¥303,992,969.24, making up 1.50% of total revenue, with a slight increase of 0.76%[93]. Cash Flow and Investments - The company reported a net cash flow from operating activities of -¥157,583,422.53 in 2020, a significant decrease of 153.89% from ¥292,417,758.34 in 2019[20]. - The company's investment activities resulted in a net cash outflow of -¥602,005,116.88, reflecting increased purchases of financial products and investments in PPP projects[110]. - The financing activities generated a net cash inflow of ¥4,598,839,669.17, driven by increased project investments and bank loans[110]. - The company achieved a subscription amount of 7.095 billion yuan, a signed contract amount of 5.993 billion yuan, and a cash collection amount of 5.772 billion yuan during the reporting period[71]. - The company has a total financing balance of CNY 19.58 billion, with bank loans accounting for CNY 16.48 billion at an average interest rate of 3%-5.46%[89]. Dividend Policy - The company plans to distribute a cash dividend of 3.8 RMB per 10 shares, totaling 710.0473 million RMB based on a total share capital of 1,868,545,434 shares[5]. - The cash dividend amount for 2020 was ¥710,047,264.92, representing 47.78% of the net profit attributable to ordinary shareholders[181]. - The cash dividend per share for the current period is ¥3.8, based on a total share base of 1,868,545,434 shares[182]. - The total cash dividend (including other methods) for 2020 is ¥710,047,264.92, which accounts for 100% of the total profit distribution[182]. - The company has established a three-year shareholder return plan (2020-2022) to ensure a stable and transparent dividend distribution mechanism[178]. Business Operations and Strategy - The company reported no changes in its main business since its listing, indicating stability in operations[18]. - The company is actively exploring new business models in urban management and infrastructure maintenance, enhancing brand operation capabilities with new service brands[32]. - The company is focusing on urban renewal projects, actively promoting the Huafu Industrial Park and Jincui projects[36]. - The company is leveraging technologies such as 5G, IoT, big data, and cloud computing to enhance urban service management[37]. - The company is committed to ongoing innovation and excellence in engineering practices, as evidenced by its awards and project completions[63]. Project Development and Construction - The company completed 52 projects during the reporting period, with a total contract value of 8.77666 billion CNY[58]. - The company has ongoing projects in various stages, including foundation work and main structure construction, with completion timelines varying by project[79]. - The company has a total construction area of over 2.8021 million square meters across various projects, with 12 major projects under construction totaling 1.5146 million square meters and 15 major projects for sale totaling 2.2264 million square meters[70]. - The company has established a joint venture with Yangzhou Longchuan Holding Group to expand community service projects by 14[37]. - The company has developed a customized corporate apartment project "Tianjian Gezhi Apartment" and is actively exploring new business models in property management[52]. Market Position and Competitiveness - Tianjian Group ranked 56th in the "2020 Shenzhen Top 500 Enterprises" and 133rd in the "2020 Guangdong Top 500 Enterprises"[39]. - The company is positioned to benefit from the ongoing reforms in Shenzhen, enhancing its market competitiveness and operational efficiency[46]. - The company is focusing on enhancing operational efficiency and product awareness to strengthen its market competitiveness in key regions such as the Greater Bay Area and Yangtze River Delta[70]. - The company faces market competition risks and aims to strengthen its core capabilities in policy research, talent development, and technological innovation to differentiate itself in the industry[170]. Financial Management and Compliance - The company has established an independent financial accounting system to ensure autonomous financial decision-making and operations[188]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[190]. - The company has made no significant accounting errors requiring retrospective restatement during the reporting period[191]. - The company has maintained a good integrity status with no significant debts or court judgments unmet during the reporting period[199]. - The company has appointed Tianjian Accounting Firm for internal control audits with an annual fee of RMB 300,000[195].