Cosmos(SZ:002133)2016-04-22 16:00Financial Performance - The company's operating revenue for 2015 was ¥1,719,537,161.17, representing a 2.14% increase compared to ¥1,683,490,787.58 in 2014[19]. - The net profit attributable to shareholders was -¥64,401,603.37, a decrease of 149.05% from ¥131,296,377.32 in 2014[19]. - The net cash flow from operating activities increased significantly by 258.86% to ¥1,516,960,485.59 from ¥422,716,742.20 in 2014[19]. - The total assets at the end of 2015 were ¥8,735,020,499.21, reflecting a 2.02% increase from ¥8,561,668,868.33 at the end of 2014[19]. - The company reported a basic earnings per share of -¥0.08, down 138.10% from ¥0.21 in 2014[19]. - The weighted average return on equity was -2.30%, a decline of 8.41% from 6.11% in 2014[19]. - In 2015, the company achieved a revenue of CNY 1,719.54 million, representing a year-on-year growth of 2.14%[45]. - The net profit attributable to shareholders was CNY -64.40 million, a decrease of 149.05% compared to the previous year, primarily due to lower profit margins on real estate projects[45]. - The company achieved operating revenue of CNY 171,953.72 million, a year-on-year increase of 2.14%[48]. - Operating costs rose to CNY 152,715.97 million, reflecting a significant year-on-year increase of 25.8%[48]. Business Operations - The company has a strategic focus on real estate development, with ongoing projects totaling nearly 5 million square meters[30]. - The company is expanding into the health industry, with the establishment of a third-party medical imaging diagnostic center in Zhejiang Province[34]. - The company has a diversified business model, including property management and real estate finance, to ensure sustainable cash flow[31][33]. - The company signed sales contracts for residential properties amounting to CNY 3.5 billion, achieving 140% of the annual target, marking the highest annual contract amount since its listing[45]. - The company completed a construction area of 250,000 square meters in 2015, meeting 100% of its annual plan[46]. - As of the end of 2015, the company had a total of 570,000 square meters of marketable residential properties available for sale[45]. - The company’s land reserve increased by one plot, with a planned buildable area of 103,000 square meters, bringing total planned buildable area to 700,000 square meters by the end of 2015[47]. - The company’s projects in Hangzhou, including Wulin Waterfront and Zhoushan Jinlan Apartment, significantly exceeded their annual sales targets[45]. Cash Flow and Investments - The company maintained a healthy cash flow and stable development, avoiding high-interest financing methods[37]. - The net cash flow from operating activities rose by 258.86% year-on-year to approximately CNY 1.52 billion, reflecting significant cash recovery from property sales[63]. - Investment cash inflow surged by 173.45% year-on-year to approximately CNY 208.94 million, mainly from the recovery of previously invested financial products[63]. - The company reported a net cash flow from investment activities of CNY 15,151.94 million, up 214.42% compared to the previous year[48]. Debt and Financing - The company’s debt issuance of CNY 1.3 billion was approved by the China Securities Regulatory Commission in September 2015, with plans to complete the issuance within 24 months[47]. - Financing cash inflow decreased by 70.54% year-on-year to approximately CNY 764.75 million, attributed to reduced bank borrowings and prior refinancing funds[63]. Profit Distribution - The company reported a profit distribution plan based on a total of 774,144,175 shares, proposing a cash dividend of 0.8 CNY per 10 shares (including tax) and no bonus shares[6]. - The cash dividend policy stipulates that the annual cash distribution should not be less than 10% of the distributable profit for the year, and the cumulative cash distribution over any three consecutive years should be at least 30% of the average distributable profit for those three years[93]. - The company has maintained its profit distribution policy in accordance with the Company Law and its Articles of Association, ensuring compliance with commitments made during the non-public offering of shares in 2013[93]. - The cash dividend proposed for 2015 is 0.8 CNY per share, totaling 61,931,534.00 CNY, which represents 100% of the total distributable profit[98]. - The total distributable profit for 2015 was 683,398,665.68 CNY[98]. Shareholder Relations - The company conducted multiple investor relations activities throughout 2015, including site visits and communications with institutional investors[88]. - The company has ensured that minority shareholders have ample opportunities to express their opinions and that their legal rights are adequately protected[94]. - The company has consistently engaged with institutional investors to enhance transparency and communication regarding its financial performance and strategies[88]. Corporate Governance - The company has established a remuneration and assessment committee to enhance the governance structure for board members and senior management[170]. - The company’s governance structure includes a clear delineation of roles and responsibilities among its board members and management[170]. - The company has a diverse management team with members holding various positions in other organizations, which may provide strategic advantages[167][168]. - The company operates independently from its controlling shareholder, with no reliance on them for business operations[190]. - The company maintains independent financial operations, including a separate accounting system and independent bank accounts[192]. Employee Welfare - The company emphasizes a stable and competitive salary structure, combining basic and performance-based pay to enhance employee satisfaction and loyalty[176]. - The company conducts various training programs to improve employee skills and prepare talent for future needs[177]. - The total number of employees in the company is 361, with 48 in the parent company and 313 in major subsidiaries[172]. Social Responsibility - The company emphasizes its commitment to social responsibility, focusing on sustainable development and environmental protection[136]. - The company has actively participated in social welfare activities, including poverty alleviation and educational support[136].