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格力地产(600185) - 2017 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2017 was CNY 3,130,132,855.58, representing a slight increase of 0.27% compared to CNY 3,121,759,389.66 in 2016[19] - The net profit attributable to shareholders for 2017 was CNY 624,323,238.87, which is a 3.94% increase from CNY 600,647,340.71 in 2016[19] - The net profit after deducting non-recurring gains and losses was CNY 670,519,745.49, marking a significant increase of 19.79% from CNY 559,747,125.04 in 2016[19] - The total profit for the year was CNY 827 million, with a net profit attributable to shareholders of CNY 624 million[36] - The company's EBITDA for 2017 was RMB 893.47 million, a decrease of 1.33% compared to RMB 905.53 million in 2016[168] - The company reported a net profit of ¥4.23 billion, up from ¥3.65 billion, reflecting a growth of approximately 15.9%[192] Assets and Liabilities - The company's total assets as of the end of 2017 were CNY 27,333,756,609.64, reflecting a 3.63% increase from CNY 26,375,927,290.09 at the end of 2016[19] - The company's total liabilities increased to CNY 6,451,577,945.08 from CNY 4,493,753,851.26, reflecting a rise of approximately 43.6%[197] - The company's total equity rose to ¥7.83 billion from ¥7.36 billion, indicating an increase of about 6.4%[192] - The asset-liability ratio decreased slightly to 71.36% in 2017 from 72.10% in 2016, a change of -1.03%[168] Earnings Per Share - The basic earnings per share for 2017 was CNY 0.30, down 9.09% from CNY 0.33 in 2016[20] - The diluted earnings per share decreased to CNY 0.28, a decline of 9.68% from CNY 0.31 in 2016[20] - Earnings per share (basic) for 2017 was CNY 0.30, down from CNY 0.33 in the previous year, a decrease of approximately 9.1%[198] Cash Flow - The company reported a net cash flow from operating activities of CNY -2,102,417,205.46, indicating a significant decline compared to CNY -1,234,756,555.89 in 2016[19] - The net cash flow from operating activities was negative, totaling approximately CNY -1.27 billion for the year[22] - Operating cash flow decreased to -2,102,417,205.46 RMB from -1,234,756,555.89 RMB, primarily due to sales collection issues[44] Dividends - The company plans to distribute a cash dividend of CNY 3 per 10 shares, totaling CNY 618,023,852.40, based on the total share capital as of December 31, 2017[5] - The cash dividend per 10 shares for 2017 was 0 CNY, while in 2016 it was 0.2 CNY, indicating a decrease in cash dividends[73] - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits[74] Market and Operations - The company is focusing on real estate development and sales, primarily in the mid-to-high-end residential market[28] - The company has expanded its operations in Chongqing and Shanghai, in addition to its core market in Zhuhai[28] - The company maintained a strategic focus on the Zhuhai market while expanding into port economy and marine economy sectors[35] Quality and Compliance - The company has achieved ISO quality certification for its property services, indicating a commitment to service quality improvement[30] - The company has ongoing commitments to improve governance structures and ensure compliance with regulations regarding land use and real estate sales[76] - The company has made commitments to compensate for any losses caused by undisclosed violations related to land use and real estate activities[76] Employee and Management - The total number of employees in the parent company is 84, while the main subsidiaries employ 395, resulting in a total of 1,603 employees[140] - The company has implemented a salary policy that favors grassroots employees, with their income increasing from the previous year, while middle and senior management compensation is linked to performance metrics[141] - The company has implemented a "789" talent development strategy, focusing on talent acquisition and training to support sustainable development[97] Governance and Shareholding - The company has not faced any significant penalties or issues related to its commitments during the reporting period[76] - The total number of ordinary shareholders at the end of the reporting period was 53,128, a decrease from 54,131 at the end of the previous month[119] - The largest shareholder, Zhuhai Investment Holding Co., Ltd., is a state-owned enterprise involved in equity investment and asset management[123] Environmental and Social Responsibility - The company has been actively involved in poverty alleviation efforts in Guangdong Province, assisting in targeted poverty alleviation projects[93] - In 2017, the company achieved a cumulative poverty alleviation rate of 81.3%, with Dazhai Village at 78.5% and Dawi Village at 85.5%[94] - The company has been recognized for its environmental efforts, winning the "2017 China Habitat Environment Model Award" for the Xianglu Bay beach restoration project[95]