NHPRECL(SH:600638)2015-04-28 16:00Financial Performance - In 2014, the company achieved a net profit attributable to shareholders of RMB 169,709,363.26, a decrease of 25.67% compared to the previous year[3]. - The total operating revenue for 2014 was RMB 1,011,787,798.53, representing a year-on-year increase of 22.08%[20]. - The company achieved a total operating income of 1.012 billion RMB and a net profit of 167 million RMB for the year 2014[29]. - Basic and diluted earnings per share decreased by 25.80% to 0.302 RMB per share compared to 0.407 RMB per share in 2013[22]. - The weighted average return on equity fell to 4.99%, a decrease of 1.85 percentage points from 6.84% in the previous year[22]. - Non-recurring gains and losses totaled 30.89 million RMB in 2014, down from 65.09 million RMB in 2013[26]. - The company reported a net profit of RMB 507.23 million for the fiscal year 2014, indicating a solid financial position[71]. - The company reported a net profit attributable to shareholders of RMB 169,709,363.26 for 2014, with a legal surplus reserve of RMB 6,714,639.46 deducted, resulting in a distributable profit of RMB 1,486,062,252.38 after accounting for dividends paid[89]. Revenue and Sales - The company's real estate sales revenue reached 816 million yuan, a 30.2% increase compared to the previous year, primarily driven by the sale of 1,106 units in the Qingpu Huaxin project, generating 602 million yuan[46]. - Total operating revenue for the year was 1,011,787,798.53 yuan, reflecting a 22.08% increase from 828,801,848.72 yuan in the previous year[44]. - The rental income for the year was 140 million yuan, a decrease of 6.67% compared to the previous year, mainly due to reduced rental income from the Saige market[46]. Assets and Liabilities - The company's total assets increased by 7.03% year-on-year, reaching RMB 10,106,189,823.13 at the end of 2014[20]. - The total area of real estate reserves as of the end of 2014 was 783,615.52 square meters, with 483,913.44 square meters available for sale[39]. - The company's total liabilities amounted to CNY 2,131,646,557.23, an increase from CNY 1,947,121,281.28 in the previous year[178]. - Total liabilities grew to CNY 6,327,955,741.45 from CNY 5,755,006,985.03, marking an increase of around 9.9%[172]. Cash Flow - The cash flow from operating activities for 2014 was RMB 315,654,843.07, a significant improvement compared to a negative cash flow in 2013[20]. - The company achieved a net cash flow from operating activities of 315,654,843.07 yuan, a significant turnaround from a negative cash flow of -331,041,151.37 yuan in the previous year, representing a 195.35% improvement[44]. - The net cash outflow from investing activities was negative at CNY -26,443,160.84, a decline from a positive CNY 28,091,159.07 in the previous period[186]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1 per 10 shares, totaling RMB 56,116,398.80, based on the total share capital of 561,163,988 shares[3]. - The cash dividend distribution represents 33.07% of the net profit attributable to shareholders for 2014[90]. - A cash dividend of RMB 1 per 10 shares (including tax) is proposed, totaling RMB 56,116,398.80, based on a total share capital of 561,163,988 shares as of the end of 2014[90]. Projects and Developments - The company completed the main structure of the "She Shan Yi Pin" project and passed quality inspections, showcasing its development capabilities[31]. - The "Pudong International Financial Plaza" project is nearing completion, with strict quality management and safety protocols in place[30]. - The "Technology Capital" project in Jiaxing has entered the final stages of construction, with over 50% of the facade installation completed[31]. Risk Management and Future Plans - The company emphasizes the importance of risk factors in its future development plans, including industry and policy risks[9]. - The management team emphasized enhancing product development and marketing capabilities to drive growth[63]. - The company aims to strengthen its risk resistance through dual-driven residential and commercial real estate strategies[63]. - The company recognizes insufficient project reserves as a major bottleneck for sustained growth and plans to track and negotiate potential projects across various sectors, targeting 1-2 controllable risk investment projects for acquisition within the year[79]. Internal Controls and Governance - The company implemented strict internal control measures, leading to a comprehensive analysis of internal control deficiencies and timely rectifications[38]. - The audit committee confirmed that the financial report accurately reflects the company's overall situation and approved the 2014 annual financial report for submission to the board[154]. - The company has a robust internal control system in place, with self-evaluation and audit reports disclosed on the Shanghai Stock Exchange website[160]. Shareholder Structure and Management - The total number of shareholders at the end of the reporting period was 48,629, down from 54,067 five trading days prior[107]. - The largest shareholder, Shanghai Xinhua Wen Investment Co., Ltd., held 100,584,411 shares, representing 17.92% of total shares, with 80,353,055 shares pledged[109]. - The company has maintained a stable shareholding structure with no significant changes reported during the year[127]. Compliance and Reporting Standards - The company follows the accounting standards issued by the Ministry of Finance and relevant regulations[200]. - The financial statements reflect actual transactions and events that have occurred[200]. - The company is committed to transparency in financial reporting as per regulatory requirements[200].