BEH-P(SH:600791)2017-04-21 16:00Financial Performance - The company's operating revenue for 2016 was approximately ¥762.23 million, a decrease of 8.13% compared to ¥829.72 million in 2015[21]. - The net profit attributable to shareholders for 2016 was approximately ¥46.13 million, down 41.28% from ¥78.55 million in 2015[21]. - The basic earnings per share for 2016 was ¥0.10, representing a decrease of 41.18% compared to ¥0.17 in 2015[22]. - The total operating revenue for 2016 was CNY 1,062,230,941.33, with a significant increase in sales area of 22.5% and sales revenue growth of 34.8% in the real estate sector[30]. - The company achieved total profit of CNY 117,625,829.05, a decrease of 33.11% year-on-year[38]. - The company's EBITDA for 2016 was ¥139.93 million, a decrease of 33.99% compared to ¥211.97 million in 2015, attributed to increased selling expenses and reduced investment income[154]. - The company reported a net profit of CNY 853,512,630.48, up from CNY 836,911,279.15, indicating a growth of about 1.8% in retained earnings[167]. Cash Flow - The net cash flow from operating activities for 2016 was approximately -¥65.15 million, an improvement of 71.05% compared to -¥225.05 million in 2015[21]. - The company reported a net cash flow from operating activities of CNY 219,243,303.62 in Q4, recovering from a negative cash flow of CNY -232,727,041.82 in Q1[23]. - Operating cash flow improved by 71.05%, with a net cash flow of -¥65,151,278.74 compared to -¥225,047,563.28 in the previous year[54]. - Cash inflow from operating activities decreased to ¥898,248,945.40 from ¥1,064,919,083.21, a decline of approximately 15.6%[179]. - Cash outflow from operating activities decreased to ¥963,400,224.14 from ¥1,289,966,646.49, a reduction of about 25.3%[179]. - Net cash flow from financing activities worsened to -¥488,719,081.59 from -¥366,939,468.10, indicating increased cash outflow[180]. Assets and Liabilities - The total assets as of the end of 2016 were approximately ¥5.10 billion, a decrease of 3.83% from ¥5.30 billion at the end of 2015[21]. - Total liabilities decreased from CNY 3,232,555,934.59 to CNY 3,074,967,428.42, a decline of approximately 4.9%[166]. - Shareholders' equity decreased from CNY 2,071,659,932.33 to CNY 2,025,852,816.78, a decline of approximately 2.2%[167]. - The company's total assets at the end of the current period were reported at 2,025,852,000 RMB[192]. Dividends and Profit Distribution - The company distributed a cash dividend of ¥0.15 per 10 shares, totaling approximately ¥6.79 million[3]. - The profit distribution policy includes a minimum cash dividend of 10% of the distributable profit when conditions are met, with the option for stock dividends under favorable circumstances[81]. - In 2016, the company distributed a cash dividend of 0.15 yuan per share, with a net profit attributable to ordinary shareholders of 46,130,486.50 yuan, representing a distribution ratio of 14.73%[84]. Market and Competition - The company aims to strengthen its market position by actively seeking low-cost financing channels to reduce operational costs and adjusting development pace according to market conditions[36]. - The company faces significant market competition risks due to the increasing demand for land and rising acquisition costs, which may impact future operations[79]. - The company's real estate projects are primarily concentrated in Beijing, Tianjin, Yinchuan, and Dalian, making it vulnerable to regional market fluctuations[79]. Governance and Management - The company has established a modern corporate governance structure in compliance with laws and regulations[130]. - The board of directors held 9 meetings during the year, with all directors participating, demonstrating effective governance and decision-making[135]. - The company has a diverse board with members holding advanced degrees and extensive experience in various sectors, including energy and real estate[118]. - The company is focused on maintaining stability in its leadership structure while preparing for future expansions and strategic initiatives[117]. Future Plans - The company plans to achieve operating income of CNY 763 million in 2017 and aims to develop a construction area of 488,000 square meters[78]. - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[200].