Cosmos(SZ:002133)2015-04-27 16:00Financial Performance - In 2014, the company's total revenue was CNY 1,683,490,787, representing a 1.55% increase from the adjusted previous year revenue of CNY 1,657,746,628[21]. - The net profit attributable to shareholders decreased by 40.15% to CNY 131,296,377.32 compared to the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 116,267,283.48, down 44.60% from CNY 216,278,432.68 in the previous year[21]. - Basic and diluted earnings per share were both CNY 0.21, a decrease of 43.24% from CNY 0.37 in the previous year[21]. - The weighted average return on equity was 6.11%, down 5.47% from 11.58% in the previous year[21]. - The total revenue from real estate reached approximately ¥1,372,824,829.13, with a gross margin of 31.23%, reflecting a decrease of 5.98%[39]. - The total revenue for the company was approximately ¥1,681,424,120.58, with a gross margin of 27.87%, showing a slight increase of 1.53%[39]. - The company reported a net profit of 131.30 million yuan, a decrease of 40.15% year-on-year[27]. - The total comprehensive income for the year was 131,296,000, representing a decrease of 4.175% compared to the previous year[173]. Cash Flow and Assets - The net cash flow from operating activities improved by 146.49% to CNY 422,716,742.20 from a negative cash flow of CNY 909,349,897.7 in the previous year[21]. - The total assets increased by 5.60% to CNY 8,561,668,868 from CNY 8,014,440,268 at the end of the previous year[21]. - The inventory value increased to ¥6,570,984,150, representing 76.75% of total assets, a decrease of 1.46% from the previous year[42]. - The total assets of the company reached 286,000 million, indicating a strong financial position[92]. - The total liabilities were reported at 1,033,320,000, indicating a stable financial position[173]. - The total assets increased to £4,064,477,976.22 from £3,304,199,328.65, reflecting a growth of around 23%[156]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares, totaling CNY 61,931,340 based on the total share capital of 774,144,175 shares[4]. - The cash dividend ratio is set to be at least 30% of the distributable profits, with a focus on providing reasonable returns to investors[66]. - The company maintained its commitment to a cash dividend policy, ensuring that dividends do not exceed the cumulative distributable profits[66]. - The company reported a profit distribution policy that emphasizes a stable and sustainable profit distribution approach, prioritizing cash dividends when conditions are met[65]. Market Expansion and Strategic Initiatives - The company plans to enhance its market presence and improve operational efficiency through strategic adjustments and product development initiatives[46]. - The company is actively expanding its market presence through various real estate projects and investments in the region[56]. - The company plans to expand its market presence, focusing on new product development and technological advancements[158]. - The company aims to enhance shareholder value through strategic investments and potential acquisitions in the future[174]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[158]. Subsidiary Performance - The company's subsidiary Huangshan Guangyu Real Estate Development Co., Ltd. achieved main business revenue of 202.26 million yuan and net profit of 83.61 million yuan, contributing 54.13% to the net profit attributable to the parent company after internal transaction adjustments[57]. - The subsidiary Zhaoqing Xinghu Mingjun Real Estate Development Co., Ltd. reported main business revenue of 426.19 million yuan and net profit of 77.56 million yuan, with a contribution of 50.20% to the net profit attributable to the parent company after internal transaction adjustments[57]. - The total registered capital of the subsidiaries listed amounts to 1,000 million yuan, with total assets reaching approximately 2,250 million yuan[56]. Risk Management and Governance - The company faces significant risks from policy changes and operational uncertainties in the real estate sector, which could impact project development and financial performance[14]. - The company has established a comprehensive risk control system for external guarantees, ensuring that all guarantees undergo appropriate decision-making procedures[93]. - The company operates independently from its controlling shareholder, with no reliance on them for business operations or market engagement[139]. - The company has established a robust corporate governance structure, with strict adherence to regulations and operational independence[140]. Research and Development - The company invested 200 million in R&D for new technologies, focusing on enhancing user experience and product efficiency[75]. - The research and development expenses for the year were approximately 90,276,000, reflecting a commitment to innovation[175]. - The company has invested 201,000,000.00 in new technology development during the quarter[166]. Employee and Management Information - The total compensation for senior management during the reporting period amounted to 671 million, with 33 million from shareholders[124]. - The company had a total of 352 employees, with a need for 38 additional personnel[126]. - The independent directors attended 17 board meetings, with a total of 6 meetings held by the audit committee during the reporting period[133][136].