SZPRD(SZ:000011)2017-03-30 16:00Financial Performance - The company's operating revenue for 2016 was CNY 2,059,204,077.18, representing a 91.12% increase compared to CNY 1,077,418,500.93 in 2015[16]. - The net profit attributable to shareholders for 2016 was CNY 354,857,241.74, a significant increase of 126.28% from CNY 156,819,966.71 in 2015[16]. - The net profit after deducting non-recurring gains and losses reached CNY 357,519,344.14, up 1,834.56% from CNY 18,480,611.70 in the previous year[16]. - The net cash flow from operating activities was CNY 2,252,041,183.42, a remarkable increase of 627.01% compared to CNY 309,767,629.66 in 2015[16]. - The basic earnings per share for 2016 was CNY 0.5954, reflecting a 126.30% increase from CNY 0.2631 in 2015[16]. - The company's total revenue for 2016 reached CNY 2,059.20 million, marking a 91.12% increase compared to CNY 1,077.42 million in 2015[51]. - Net profit attributable to the parent company was CNY 354.86 million, with a return on equity of 15.79%[46]. - Real estate development revenue surged by 193.17% to CNY 1,512.67 million, accounting for 73.46% of total revenue[51]. Assets and Liabilities - Total assets at the end of 2016 amounted to CNY 6,654,356,144.10, a 51.93% increase from CNY 4,379,763,486.10 at the end of 2015[16]. - The company's total liabilities reached CNY 4,243,059,321.29, up from CNY 2,278,994,632.43, indicating a rise of about 86%[197]. - The company's equity attributable to shareholders rose to CNY 2,410,434,735.75 from CNY 2,099,906,766.61, which is an increase of about 15%[197]. - The inventory balance as of December 31, 2016, was CNY 2,585,658,521.65, up from CNY 2,466,342,278.85, showing an increase of approximately 5%[195]. - The accounts payable increased to CNY 419,926,139.39 from CNY 191,524,938.54, representing a growth of about 119%[196]. Cash Flow and Investments - The company reported a significant increase in cash and cash equivalents, rising by 203.44% compared to the beginning of the period[39]. - The company's cash and cash equivalents increased significantly by 1,446.95% to CNY 1,924,015,241.08 in 2016 from CNY 124,374,439.09 in 2015[62]. - Prepayments surged to CNY 2,231,321,227, marking an 18.63% increase from CNY 652,369,778.20, primarily driven by increased pre-sale housing funds[68]. - The company achieved sales of approximately CNY 10 billion from projects in Shenzhen and Dongguan, with total cash receipts reaching nearly CNY 3.3 billion, the highest in the company's history[47]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.80 per 10 shares, based on a total of 595,979,092 shares[4]. - The cash dividend represents 30.23% of the net profit attributable to shareholders for 2016, which was 354,857,241.74 yuan[96]. - The total distributable profit for the year was 1,441,632,088.56 yuan, with cash dividends accounting for 100% of the profit distribution[96]. - The company has maintained a consistent cash dividend policy over the past three years, with dividends of 2.20 yuan, 0.80 yuan, and 1.80 yuan per 10 shares in 2014, 2015, and 2016 respectively[95]. Business Operations and Projects - The company operates 12 enterprises, including 4 real estate companies and 2 property management companies[27]. - The company has 5 ongoing real estate projects with a total land area of 231,300 square meters and a total construction area of 716,100 square meters[28]. - The occupancy rate of the company's rental properties is 96%, with a total rentable area of 86,200 square meters[31]. - The company successfully completed all construction tasks for five ongoing projects, achieving zero safety incidents throughout the year[48]. - The company's real estate development sales volume increased by 66.45% to 147,757.95 square meters in 2016 compared to 88,771.38 square meters in 2015[54]. Market and Industry Trends - The real estate development investment in China reached 10,258.1 billion yuan in 2016, with a nominal growth of 6.9% year-on-year[35]. - The sales area of commercial housing in China increased by 22.5% in 2016, totaling 1,573.49 million square meters[35]. - The property management industry saw a revenue increase of 27.24% among the top 100 companies, reaching 113.56 billion yuan in 2016[36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 47,510, an increase from 45,078 at the end of the previous month[134]. - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 54.33% of the shares, totaling 323,796,324 shares[135]. - Shenzhen Investment Holdings Co., Ltd. is a state-owned legal entity and has been involved in various investment and management activities in real estate and other sectors[136]. Corporate Governance and Management - The company has established a governance mechanism that combines asset management with personnel and operational management[139]. - The board includes independent directors, ensuring governance and oversight[149]. - The management team has a strong focus on corporate governance and compliance with regulations[150]. - The company has maintained stability in its leadership, which is crucial for long-term strategic planning[146]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 5.2344 million[159]. Social Responsibility - The company actively participated in social responsibility activities, including visiting 6 employees in need and providing financial assistance totaling 286,500 yuan[122]. - The company organized 4 blood donation events, with 163 participants donating a total of 61,300 milliliters[123]. - The company collected over 1,600 pieces of old clothing for environmental initiatives and donated 1,626 books to local schools[126]. - The company received multiple awards for its contributions to social responsibility and was recognized as a "5A" level integrity demonstration enterprise[128].