HKHC(SH:600162)2014-04-11 16:00Financial Performance - The net profit attributable to shareholders for 2013 was CNY 192,433,192.04, while the net profit for the parent company was CNY -33,501,978.77[4] - The company reported a net profit attributable to shareholders of 192,433,192.04 RMB in 2013, a significant increase of 527% compared to 30,690,972.05 RMB in 2012[21] - The company reported a net profit after deducting non-recurring gains and losses of 166,585,429.10 RMB in 2013, an increase of 869.68% from 17,179,509.17 RMB in 2012[21] - The net profit for the year was RMB 373,669,373.81, significantly up from RMB 44,066,247.24, representing an increase of 748.57%[149] - The basic earnings per share rose to RMB 0.251 from RMB 0.040, reflecting a substantial improvement in profitability[149] Revenue and Sales - Revenue increased by 8.56% year-on-year, reaching approximately CNY 2.92 billion, driven by higher sales area and increased sales prices of properties[32] - In 2013, the company achieved a real estate signed sales area of approximately 380,000 square meters and a signed sales amount of about 3.1 billion RMB[25] - The company's total revenue for the year reached CNY 2,919,744,791.63, an increase of 8.56% compared to the previous year[42] Assets and Liabilities - The company's total assets reached 13.31 billion RMB at the end of 2013, reflecting a 6.51% increase from 12.50 billion RMB in 2012[21] - The total liabilities decreased by 13.65% to CNY 2,984,000,000.00, with a notable reduction in short-term borrowings by 63.04%[42] - The total current liabilities increased to RMB 9,134,310,797.15 from RMB 8,904,190,796.51, reflecting a rise of approximately 2.6%[145] - The company’s long-term borrowings increased to RMB 1,969,020,687.77 from RMB 1,707,606,550.87, representing an increase of about 15.3%[145] Cash Flow - The net cash flow from operating activities was -452,795,264.64 RMB in 2013, a decrease of 128.99% compared to 1.56 billion RMB in 2012[21] - The cash and cash equivalents at the end of the period were CNY 1,709,827,293.90, a decrease of 30.72% from the previous year[42] - The company reported a net cash outflow from operating activities of RMB 452,795,264.64, compared to a net inflow of RMB 1,562,062,956.82 in the previous year[155] Dividends and Profit Distribution - The proposed cash dividend distribution is CNY 0.8 per 10 shares, totaling CNY 61,425,009.52, leaving an undistributed profit of CNY 147,611,100.93 to be carried forward[4] - The company distributed cash dividends of approximately RMB 61,425,009 for the year, representing 31.92% of the net profit attributable to shareholders[55] - The company declared a cash dividend of RMB 0.80 per 10 shares for the year 2013, totaling RMB 61,425,009.52 in cash dividends[19] Shareholder Information - The total number of shares as of December 31, 2013, was 767,812,619[4] - The company’s major shareholder, Southern HeungKong Group, holds 52.89% of the total shares after various capital increases and acquisitions[18] - The number of shareholders at the end of the reporting period was 54,113, an increase from 52,828 before the annual report disclosure[74] Governance and Compliance - The company’s financial report has been audited by Deloitte Huayong, confirming its accuracy and completeness[3] - The company has established a comprehensive internal control system, which is functioning well as of the end of the reporting period[108] - The company has a governance structure that adheres to the "five separations" principle, ensuring independence from its controlling shareholder[106] Risks and Future Plans - The company has outlined potential risks in its future plans, advising investors to be cautious[5] - The company plans to continue expanding its commercial logistics base construction in 2014, building on the experiences gained from previous projects[26] - The company plans to develop approximately 2.2 million square meters in total, with new construction area of about 420,000 square meters in 2014[30] Employee and Management Information - The total number of employees in the parent company is 148, while the total number of employees in major subsidiaries is 2,101, resulting in a combined total of 2,249 employees[101] - The total remuneration for the board members and senior management during the reporting period amounted to CNY 1,049.6 million[86] - The management team includes experienced professionals with backgrounds in finance, law, and engineering, contributing to the company's operational efficiency[96][97] Investment and Capital Structure - The company plans to meet funding needs for ongoing projects through a combination of operational cash flow and external financing[50] - The company has maintained a good development trend, with total assets increasing year-on-year over the past three years[79] - The company is focused on diversified industry investments as part of its future development strategy[77] Audit and Financial Reporting - The company received a standard unqualified audit opinion from Deloitte for the 2013 financial statements[131] - The financial statements prepared by the company comply with the requirements of the enterprise accounting standards, accurately reflecting the financial position and operating results as of December 31, 2013[174]