EBJB(SH:600622)2015-04-24 16:00Financial Performance - The company's operating revenue for 2014 was RMB 1,637,371,483.78, a decrease of 13.80% compared to RMB 1,899,485,252.62 in 2013[24]. - The net profit attributable to shareholders of the listed company was RMB 358,646,268.53, an increase of 5.82% from RMB 338,907,575.26 in the previous year[24]. - The basic earnings per share for 2014 was RMB 0.697, up 5.77% from RMB 0.659 in 2013[25]. - The net profit for 2014 was RMB 359 million, an increase of 5.82% compared to the previous year[32]. - The company achieved operating revenue of 1.637 billion yuan and net profit of 359 million yuan, completing 81.9% and 123.8% of the budget targets respectively[50]. - The total profit for 2014 was approximately CNY 272 million, a significant increase from CNY 38.82 million in the previous year, marking a growth of over 600%[169]. - The net profit for 2014 reached CNY 269 million, compared to CNY 37.69 million in 2013, indicating a substantial year-over-year increase[169]. - The comprehensive income for the year amounted to ¥425,046,490.52, which includes a significant increase in other comprehensive income of ¥25,386,333.76[180]. Assets and Liabilities - The total assets at the end of 2014 amounted to RMB 8,927,933,396.05, reflecting a growth of 13.02% from RMB 7,899,596,725.65 in 2013[24]. - The company's total assets decreased by 47.69% in cash and cash equivalents, from CNY 81,861.33 million to CNY 42,819.26 million[61]. - Total liabilities grew to CNY 5,475,862,200.17 from CNY 4,760,538,023.50, an increase of around 15%[159]. - Short-term borrowings increased to CNY 100,000,000.00 from CNY 73,000,000.00, a rise of approximately 37%[159]. - Non-current liabilities surged to CNY 1,790,393,606.63 from CNY 319,850,002.05, indicating a substantial increase of about 460%[159]. - The total liabilities and equity at the end of the year were ¥3,139,058,702.15, indicating a stable financial position[179]. Cash Flow - The net cash flow from operating activities was negative at RMB -1,588,707,324.31, a significant decline compared to RMB 552,309,829.57 in 2013, representing a decrease of 387.65%[24]. - Cash flow from operating activities showed a net outflow of CNY 1.59 billion, a decline from a net inflow of CNY 552 million in the previous year[172]. - The net cash flow from financing activities was CNY 899 million, an increase from CNY 167 million in the previous year, indicating a strong financing position[172]. - The ending cash and cash equivalents balance decreased to CNY 428 million from CNY 818 million, reflecting a decline of approximately 48%[173]. Investments - Investment income rose by 45.66% year-on-year, reaching RMB 77.45 million[38]. - The company reported a net cash flow from financing activities of RMB 899 million, an increase of 438.59% compared to the previous year[37]. - The company has invested a total of RMB 275,900,000 in entrusted financial management, with an actual return of RMB 1,160.64 million[74]. - The company successfully issued a five-year corporate bond of RMB 960 million in October 2014, enhancing its capital strength[34]. Operational Strategy - The company aims to enhance its brand influence in the Shanghai and Yangtze River Delta regions, focusing on quality real estate development[64]. - The company emphasizes a development strategy focused on "one main business, moderate diversification" and aims to strengthen its domestic operations while gradually expanding internationally[65]. - The company plans to accelerate the construction of seven projects, including Jia Bao Dream City Phase I and Shanghai Jiading Grand Mall, ensuring quality and progress meet expectations[85]. - The company will explore beneficial operational models such as brand cooperation and strategic investment to achieve breakthroughs in its operating system[86]. Risk Management - The company has disclosed potential risks related to future plans in its board report, advising investors to be cautious[3]. - The company faces risks including macroeconomic control, industry adjustments, project development quality, sales and funding risks, and potential internal control failures[88]. - The company will actively seek funding through bank loans and issuing medium-term notes to meet operational needs[87]. Corporate Governance - The company has established a robust internal control system to enhance investor management and information disclosure[139]. - The board of directors and management have been elected, ensuring stable governance and management continuity[129]. - The company received a standard unqualified opinion on its internal control audit for the year 2014[149]. - The company has maintained compliance with the Company Law and relevant regulations without discrepancies[139]. Shareholder Information - The total number of shareholders increased from 62,306 to 70,175 during the reporting period, reflecting a growth of approximately 12.5%[111]. - The top shareholder, Jiading Jianye Investment Development Company, holds 62,397,456 shares, representing 12.13% of the total shares[113]. - The company reported a shareholder contribution of ¥40,000,000.00 in common stock during the year[180]. Social Responsibility - The company emphasizes sustainable development and social responsibility, maintaining good relationships with stakeholders[92]. - The company established the Shanghai Jiabao Public Welfare Foundation with a donation of 40 million RMB, actively participating in various charitable activities[93]. - The company has implemented a green low-carbon philosophy in its real estate projects, focusing on energy-saving and environmentally friendly materials[93].