LJZ(SH:600663)2016-03-21 16:00Financial Performance - The company achieved a net profit of over 1.9 billion, representing an 18% increase compared to 2014[4]. - The company's operating revenue for 2015 was CNY 5,631,357,902.68, representing a 10.05% increase compared to CNY 5,116,898,755.21 in 2014[41]. - Net profit attributable to shareholders for 2015 reached CNY 1,900,023,511.04, an 18.64% increase from CNY 1,601,500,375.22 in 2014[41]. - The net cash flow from operating activities improved significantly to CNY 3,303,452,066.74, a 431.86% increase from a negative cash flow of CNY -995,432,068.53 in 2014[41]. - The total assets of the company at the end of 2015 were CNY 52,448,902,758.62, up 14.97% from CNY 45,620,746,622.93 in 2014[41]. - Basic earnings per share for 2015 were CNY 1.0173, an increase of 18.64% compared to CNY 0.8575 in 2014[43]. - The weighted average return on equity for 2015 was 15.66%, an increase of 0.98 percentage points from 14.68% in 2014[43]. - The company reported a total comprehensive income of CNY 2,491,229,023.97, compared to CNY 1,666,678,712.37 in 2014, marking a growth of 49.4%[193]. - The financial expenses increased significantly to CNY 592,055,262.32, up from CNY 330,969,719.09, indicating a rise of 78.9%[192]. Revenue Sources - Revenue from the core real estate leasing business reached 2.1 billion, growing over 25% year-on-year[4]. - The company generated over 120 million CNY in revenue from its hotel properties in 2015, with East Hotel achieving a GOP rate of 31% and an occupancy rate of 77%, while Mingcheng Hotel had a GOP rate of 40% and an occupancy rate of 74%[13]. - The company achieved sales revenue of 1.652 billion CNY from residential properties in 2015, with a total contracted sales area of nearly 240,000 square meters and a sell-through rate of approximately 95%[19]. - The rental income from long-term operating properties reached 2.2 billion RMB, with office properties generating over 1.71 billion RMB, a year-on-year increase of approximately 33.6%[61]. - Property management income within the consolidated financial statements reached 863 million RMB, a year-on-year increase of approximately 45.5%[65]. - The Shanghai New International Expo Center reported a rental income of 561 million RMB, a year-on-year decrease of 25.7% due to market competition[64]. Occupancy and Rental Rates - The average occupancy rate for mature Grade A office buildings was approximately 98%, with an average rental rate of 6.94 yuan/sqm/day[6]. - The total building area of long-term operating high-quality R&D and non-Grade A office buildings exceeded 200,000 sqm, achieving a 100% occupancy rate[6]. - The total building area of operating commercial properties exceeded 90,000 sqm, with major projects achieving occupancy rates above 92%[10]. - The average rental rates for major commercial properties are 8.21 yuan/sqm/day for Lujiazui 96 Plaza and 7.72 yuan/sqm/day for Lujiazui 1885[10]. - The average rent for the long-term held East and Apartment was 24,125 CNY per unit per month, with an occupancy rate of 93% at the end of 2015[19]. Future Plans and Strategies - The company plans to continue its reform efforts and expand into new fields, focusing on commercial real estate and financial investments[5]. - The company aims to maintain a diversified development structure while adapting to the new normal and setting new goals[5]. - The company plans to enhance its short-term product operations and focus on acquiring real estate development projects, particularly in core areas[53]. - The company aims to maximize shareholder profits by holding core properties long-term while selectively selling or transferring non-core assets[53]. - The company plans to establish no less than 7 new project companies in 2016[73]. - The company aims to maintain steady profit growth in 2016, ensuring profits increase from the 2015 level[73]. Investment and Assets - The company has a land reserve totaling 324,962 square meters, with 287,347 square meters located in the Shanghai area and 236,398 square meters within the Lujiazui Financial Trade Zone[22]. - The company reported a significant increase in available-for-sale financial assets, with a year-end balance of CNY 7,992,074,504.83, up from CNY 4,225,746,802.00 at the beginning of the year[51]. - The total investment in construction for 2015 was CNY 4.592 billion, an increase of CNY 1.504 billion or approximately 48.7% year-on-year[67]. - The company has several ongoing projects, including the Lujiazui Financial Plaza with a total investment of RMB 706,165.96 million and actual investment during the reporting period of RMB 100,967.10 million[90]. - The company has invested RMB 189,431.92 million in the Lujiazui Financial Trade Zone's commercial center, with an actual investment of RMB 39,289.02 million during the reporting period[90]. Shareholder Information - The company plans to distribute cash dividends of 5.08 CNY per 10 shares, totaling approximately 948.78 million CNY, along with 1.494 billion shares as bonus shares based on the total share capital of 1,867,684,000 shares[26]. - The cash dividend proposal for 2015 is to distribute 5.08 RMB per 10 shares, totaling 948,783,472 RMB, which accounts for 49.94% of the net profit attributable to shareholders[124]. - Since 2002, the company has maintained an annual cash dividend, with total cash dividends exceeding 4.2 billion RMB, approximately 225% of the share capital[124]. - The largest shareholder, Shanghai Lujiazui (Group) Co., Ltd., holds 1,053,706,325 shares, representing 56.42% of the total shares, with 166,852,058 shares pledged[146]. Governance and Management - The company has established a comprehensive internal governance structure, including various committees such as the Strategic Decision Committee and the Audit Committee[172]. - The company has implemented strategies to improve operational efficiency, which is expected to positively impact future financial performance[160]. - The management team is committed to maintaining transparency and accountability in its financial reporting practices[160]. - The total remuneration for directors, supervisors, and senior management in 2015 amounted to 13.022 million yuan, with senior management receiving 9.641 million yuan[163]. - The company has engaged Ernst & Young as its domestic accounting firm for six years, with an audit fee of 203.8 thousand RMB[132].