EBJB(SH:600622)2014-04-02 16:00Financial Performance - In 2013, the company's operating revenue was approximately RMB 1.90 billion, a decrease of 10.27% compared to RMB 2.12 billion in 2012[23]. - The net profit attributable to shareholders was approximately RMB 338.91 million, an increase of 11.84% from RMB 303.02 million in 2012[23]. - Basic earnings per share for 2013 was RMB 0.659, reflecting an increase of 11.88% compared to RMB 0.589 in 2012[22]. - The company's total assets at the end of 2013 were approximately RMB 7.90 billion, a growth of 10.23% from RMB 7.17 billion at the end of 2012[23]. - The net cash flow from operating activities was approximately RMB 552.31 million, a significant recovery from a negative cash flow of RMB 452.40 million in 2012[23]. - The weighted average return on equity increased to 13.36% in 2013, up from 13.07% in 2012, indicating improved profitability[22]. - The company's net assets attributable to shareholders increased by 10.84% to approximately RMB 2.68 billion at the end of 2013, compared to RMB 2.42 billion at the end of 2012[23]. - Non-recurring gains and losses totaled approximately RMB 70.81 million in 2013, significantly higher than RMB 28.39 million in 2012[25]. - The company achieved operating revenue of CNY 1.899 billion, a decrease of 10.27% year-on-year, while net profit increased by 11.84% to CNY 339 million[28]. - For the fiscal year, the company achieved operating revenue of 1.899 billion yuan and a net profit of 339 million yuan, exceeding budget targets by 18.7% and 13% respectively[47]. Real Estate Operations - The real estate business generated revenue of CNY 1.511 billion, an increase of 43.20% compared to the previous year, driven by the recognition of sales from the Ziti Bay residential project[33]. - The company's real estate segment generated revenue of approximately 1.511 billion yuan, with a gross margin of 41.08%, reflecting a decrease of 5.91 percentage points year-over-year[49]. - The company added 231 acres of land reserves during the reporting period, including 120 acres in Kunshan Huqiao and 111 acres in Yunxiang Jiayuan[29]. - The company’s land reserve for real estate development increased by 153,733 square meters during the reporting period[41]. - The average transaction price for residential sales was 12,124 yuan per square meter, with a total contract sales area of 189,248 square meters[44]. - The company’s total construction area under development at the end of the period was 722,215 square meters, with 108,121 square meters completed during the year[44]. Financial Management - The company plans to issue corporate bonds not exceeding CNY 960 million to expand its development scale and promote sustainable growth[30]. - The company’s financial expenses increased by 248.78% to CNY 1.67 million, mainly due to reduced foreign exchange gains from trade operations[38]. - The company’s investment activities generated a net cash outflow of CNY 392.77 million, primarily due to investments in low-risk financial products[39]. - The company’s cash and cash equivalents increased by 66.36% to 818.61 million yuan, primarily due to pre-sale funds received from real estate projects[51]. - The company’s prepayments increased by 52.31% to 1.8186 billion yuan, attributed to pre-sale funds from real estate operations[51]. - The company reported a significant increase in long-term equity investments to CNY 2,295,233,078.49 from CNY 1,680,785,447.70, a growth of 36.5%[133]. Shareholder and Corporate Governance - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares for the 2013 fiscal year[6]. - The company reported a net profit attributable to shareholders of 338.91 million RMB for the year 2013, with a cash dividend payout ratio of 30.35%[74]. - The company has continuously paid cash dividends to shareholders for six years, with the current year's amount being 92.57 million RMB[75]. - The total number of shareholders at the end of the reporting period was 78,061, an increase from 77,265 in the previous reporting period[92]. - The largest shareholder, Jiading Jianye Investment Development Company, holds 12.13% of shares, totaling 62,397,456 shares[92]. - The company has established a governance structure that complies with the Company Law and relevant regulations, ensuring stable and sustainable development[112]. Strategic Focus and Future Plans - The company plans to strengthen its core real estate business while expanding financing channels and improving management efficiency[69]. - The company aims to leverage urbanization trends to drive new housing demand, with a focus on improving housing conditions for urban residents[67]. - The company is actively exploring new business models in real estate development to enhance profitability[69]. - The company plans to actively meet its increasing funding needs through bank financing, bond issuance, and real estate funds[72]. - The company emphasizes the cultivation of corporate culture, establishing core values of "integrity and excellence" and a mission to "reward shareholders, care for employees, and give back to society"[54]. Compliance and Risk Management - The company is facing increased competition and risks in the real estate market due to ongoing regulatory adjustments, necessitating careful market analysis and strategic adjustments[73]. - The company has no significant litigation or bankruptcy restructuring matters reported for the year[78]. - The company has maintained compliance with accounting standards, ensuring the accuracy and completeness of its financial statements[163]. - The company has a remuneration policy that provides competitive salaries based on market conditions and company performance[107]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 362, with 104 in the parent company and 258 in subsidiaries[106]. - The professional composition includes 197 production personnel, 19 sales personnel, 19 technical personnel, 13 financial personnel, and 114 administrative personnel[106]. - The company plans to conduct centralized training for management and technical staff in 2014, focusing on design management, project management, procurement, cost control, marketing management, and EAS[108]. - The total remuneration for the reporting period for directors and senior management amounted to 607.80 million RMB[99]. Social Responsibility - The company has established a public welfare foundation and actively participates in charitable activities, reflecting its commitment to social responsibility[75].