2016-03-30 16:00Financial Performance - The company achieved a revenue of RMB 7,185.973 million, an increase of 15.28% year-on-year, driven by an increase in the area of developable properties and improved performance of investment properties[4]. - The total profit reached RMB 863.743 million, up 8.88% year-on-year, while net profit was RMB 635.336 million, reflecting an 8.20% increase[4]. - The net profit attributable to shareholders was RMB 611.972 million, a year-on-year increase of 15.29%, with earnings per share at RMB 0.18, up 12.50% from the previous year[4]. - The company's operating revenue for 2015 was CNY 7,185,973,192, representing a 15.28% increase compared to CNY 6,233,622,611 in 2014[29]. - The net profit attributable to shareholders for 2015 was CNY 611,971,850, which is a 15.29% increase from CNY 530,825,009 in 2014[29]. - The total profit, net profit, and net profit attributable to the parent company were RMB 86,374.3 million, RMB 63,533.6 million, and RMB 61,197.2 million, respectively, representing year-on-year increases of 8.88%, 8.20%, and 15.29%[55]. - The company reported a total share capital of 3,367,020,000 shares, unchanged from the previous year[29]. - The company's operating revenue for the reporting period was CNY 7.19 billion, a year-on-year increase of 15.28%[81]. - The total profit for the reporting period was CNY 864 million, reflecting an 8.88% year-on-year growth[85]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.60 per 10 shares, totaling RMB 202.0212 million, with the remaining undistributed profits carried forward to the next year[10]. - The cash dividend for 2014 was RMB 0.60 per share, totaling RMB 202,021,200, which accounted for 38.06% of the net profit attributable to shareholders[118]. - The company is committed to maintaining a stable cash dividend policy, distributing at least 10% of the available profit each year[118]. - The company reported a positive profit for the reporting period, with net profit available to ordinary shareholders being positive, but no cash profit distribution plan was proposed[120]. Business Strategy and Development - The company aims to strengthen its real estate development business and enhance its national expansion strategy, leveraging its core advantages in the exhibition industry[6]. - The company is exploring new business models and integrating new technologies to create new profit growth points and strategic support[14]. - The company is focusing on the development of new industries such as health care and cultural creativity, despite the risks associated with a lack of operational experience in these areas[13]. - The company is committed to low-cost expansion and light asset operations, adapting to the new economic normal in China[5]. - Future strategies focus on low-cost expansion, brand expansion, and capital expansion to strengthen the company's market position[48]. - The company has expanded its real estate development operations into 9 cities, including Beijing, Changsha, and Wuhan[46]. - The company is actively researching market changes and enhancing its product structure to improve market competitiveness[13]. - The company is committed to controlling costs and enhancing budget execution to improve overall operational efficiency[110]. - The company has a long-term investment strategy, with a focus on high-end service industries and low-cost expansion to strengthen its market position[110]. Financing and Capital Structure - The financing scale reached nearly RMB 10 billion, with innovative financing models leading to a record low financing cost[5]. - The company successfully issued two tranches of corporate bonds totaling 2.5 billion yuan at interest rates of 4.80% and 5.20%, optimizing its debt structure[63]. - The company’s cash and cash equivalents increased by 52.57% to 6.575 billion yuan, mainly due to the issuance of bonds and increased borrowings[94]. - The total liabilities at the end of the reporting period reached 35.544 billion yuan, an increase of 33.57% year-on-year, with the debt ratio rising to 74.97%, up 4.36 percentage points from the previous year[96]. - The company’s long-term borrowings increased by 20.19% to 14.607 billion yuan, primarily due to new borrowings during the reporting period[95]. - The company’s short-term borrowings decreased by 57.20% to 492.214 million yuan, mainly due to the repayment of maturing loans[94]. Market Performance and Sales - The company’s development properties achieved operating revenue of RMB 452,703.6 million, a year-on-year increase of 22.05%, with a tax pre-profit of RMB 71,600.9 million, up 4.21%[58]. - The investment properties (including hotels) generated operating revenue of RMB 232,201.7 million, a year-on-year increase of 9.94%, with a tax pre-profit of RMB 68,026.6 million, up 22.45%[58]. - The company sold a total of 610,215 square meters of real estate during the reporting period, with a sales amount of RMB 73.4 billion[100]. - The average selling price of residential properties reached RMB 22,300 per square meter in the Beijing real estate market, a year-on-year increase of 20.5%[52]. - The company’s inventory accounted for 65.57% of total assets, reflecting a 2 percentage point increase[43]. Corporate Governance and Compliance - The company has established a comprehensive governance structure, including a board of directors, supervisory board, and various specialized committees to ensure effective decision-making and oversight[184]. - The company has committed to bear compensation responsibilities for any undisclosed illegal activities during the reporting period that may cause losses to investors[121]. - The company has undertaken a special self-examination to ensure compliance with regulations regarding land use and property development during the reporting period[121]. - The company has not reported any significant prior period errors that require correction[123]. - The company has maintained independence from its controlling shareholder in business, personnel, assets, and financial aspects during the reporting period[197]. Employee and Management Structure - The total number of employees in the parent company is 4,582, and the total number of employees in major subsidiaries is 650, resulting in a combined total of 5,232 employees[179]. - The training coverage rate for employees exceeded 92%, with a total of 61,000 training sessions conducted during the reporting period[181]. - The total remuneration for the board of directors and senior management during the reporting period amounted to CNY 986.70 million[164]. - The company has a structured decision-making process for the remuneration of its directors and senior management, which involves proposals from the board and supervisory committee[173]. Legal and Regulatory Matters - The company is currently involved in ongoing litigation regarding property ownership and debt recovery[121]. - There have been no penalties imposed by securities regulatory authorities on the company in the past three years[178]. - The company has not disclosed any bankruptcy reorganization matters during the reporting period[124]. - The company has not engaged in any cash asset management or entrusted financial management during the reporting period[136].