*ST泛海(000046) - 2015 Q4 - 年度财报

Dividend Distribution - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares based on a total share capital of 5,196,200,656 shares, pending shareholder approval[4]. - The cash dividend for 2014 was also 1.50 CNY per 10 shares, amounting to 683,596,765.20 CNY, which was 43.90% of that year's net profit[137]. - The total number of shares for the cash dividend distribution in 2015 was based on 5,196,200,656 shares, with no stock dividends or capital reserve transfers planned[138]. - The company declared a cash dividend of 1.50 CNY per 10 shares for the fiscal year 2015, totaling 779,430,098.40 CNY, which represents 38.58% of the net profit attributable to shareholders[134][137]. - The company has established a shareholder return plan for 2015-2017, aiming to distribute at least 20% of the annual distributable profit as cash dividends, barring special circumstances[138]. - The company aims to maintain a consistent dividend policy while considering future investment opportunities and financial stability[134]. Financial Performance - Total operating revenue for 2015 reached ¥12,670,579,052.91, an increase of 66.37% compared to ¥7,615,852,505.00 in 2014[20]. - Net profit attributable to shareholders was ¥2,020,171,828.48, reflecting a growth of 29.73% from ¥1,558,688,940.46 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥1,778,934,731.02, up 67.23% from ¥1,062,421,350.37 in 2014[20]. - The company's total assets increased by 65.95% to ¥118,356,200,350.18 at the end of 2015, compared to ¥70,889,108,573.14 at the end of 2014[20]. - The weighted average return on net assets was 20.97%, an increase of 6.61 percentage points from 14.44% in 2014[20]. - Basic earnings per share for 2015 were ¥0.4433, representing a 29.73% increase from ¥0.3420 in 2014[20]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential risks outlined in the management discussion section[7]. - The company has identified various risks associated with derivative trading, including market risk, operational risk, and legal risk, and has implemented measures to mitigate these risks[102]. Corporate Governance - The annual report has been audited by Lixin Certified Public Accountants, which issued a standard unqualified opinion[7]. - The company has not reported any dissent regarding the authenticity and completeness of the annual report from its board members[6]. - The company has maintained a good integrity status, with no instances of failing to fulfill court judgments or significant debt defaults[167]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[165]. Subsidiaries and Investments - The company is actively involved in various subsidiaries, including real estate and financial services, enhancing its market presence[10]. - The company has established a comprehensive financial holding group, with nine financial enterprises currently operating or in the process of establishment[32]. - The company has undergone strategic transformation to focus on integrating finance, real estate, and strategic investments since 2014[20]. - The acquisition of 100% equity in China Pan-Asia Power Co., Ltd. was completed, enhancing the company's presence in the coal-fired power business in Indonesia[20]. - The company has invested approximately 0.93 billion USD in the Indonesian coal-fired power project, which is part of its strategy to expand energy business along the "Belt and Road" initiative[33]. Real Estate Development - The company achieved a total signed sales amount exceeding 15 billion RMB in 2015, reflecting a significant recovery in the real estate market[31]. - The company's real estate business achieved a total contracted sales amount of 15.084 billion yuan in 2015, representing a year-on-year growth of approximately 54.19%[47]. - The company commenced construction on 247,900 square meters and completed 891,100 square meters of projects during the reporting period[48]. - The company has ongoing projects with a total planned construction area of approximately 300 million square meters, including projects in Shanghai and New York[59]. Financial Services - Financial services contributed approximately 3.252 billion RMB to the company's total revenue, accounting for about 25.67% of total revenue[32]. - The company reported earned premiums of ¥198,436,894.70, accounting for 1.57% of total operating revenue[67]. - The financial subsidiary, Minsheng Securities, achieved a net profit of 121,471.00 million CNY, indicating strong performance in the financial sector[113]. Cash Flow and Financing - The company reported a negative net cash flow from operating activities of ¥178,634,349.62, a decline of 128.28% compared to a positive cash flow of ¥727,783,719.82 in 2014[20]. - Operating cash inflow increased by 41.58% to ¥20.38 billion due to a significant rise in sales collections[82]. - Total financing at the end of the period reached ¥69.34 billion, with bank loans accounting for ¥15.01 billion at an average cost of 7.06%[83]. - The company successfully raised approximately 5.75 billion yuan through a private placement of shares, marking a significant breakthrough in equity financing[52]. Strategic Goals - The company aims to expand its international business and enhance project implementation efficiency as part of its strategic goals[118]. - The company plans to enhance its financial services by increasing investments in its financial subsidiaries, including a completed acquisition of Minsheng Trust and plans for further capital increases[32]. - The company is focused on optimizing its business structure, with over 50% of Minsheng Trust's business now in actively managed assets, enhancing overall profitability[32]. Compliance and Regulations - The company is under administrative supervision due to internal control issues identified by the China Securities Regulatory Commission, although no involvement in fraud was found[195]. - The company has committed to strictly adhere to relevant regulations and support its development after the non-public issuance of shares[150]. - The company has outlined commitments to ensure compliance with the laws and regulations governing its operations[150].