SZPRD(000011)2025-03-28 12:30Financial Performance - The company's operating revenue for 2024 was approximately ¥2.73 billion, a decrease of 7.79% compared to ¥2.97 billion in 2023[17]. - The net profit attributable to shareholders for 2024 was approximately -¥1.11 billion, representing a decline of 340.24% from a profit of ¥464 million in 2023[17]. - The net cash flow from operating activities for 2024 was approximately -¥1.42 billion, a significant decrease of 439.20% compared to -¥264 million in 2023[17]. - The basic earnings per share for 2024 was -¥1.8705, down 340.24% from ¥0.7786 in 2023[17]. - Total assets at the end of 2024 were approximately ¥15.29 billion, a decrease of 9.98% from ¥16.99 billion at the end of 2023[17]. - The net assets attributable to shareholders at the end of 2024 were approximately ¥3.36 billion, down 27.89% from ¥4.66 billion at the end of 2023[17]. - The weighted average return on equity for 2024 was -28.00%, a decrease of 38.26% from 10.26% in 2023[17]. - Total revenue for 2024 was CNY 2,734,158,884.05, a decrease of 7.79% compared to CNY 2,965,117,025.04 in 2023[65]. - Real estate revenue decreased by 18.69% to CNY 1,003,780,119.17, accounting for 36.71% of total revenue[65]. - Property management revenue increased by 1.00% to CNY 1,594,488,341.49, representing 58.32% of total revenue[65]. - The company's gross profit margin for real estate was 15.96%, down 17.74% year-on-year, while property management's gross profit margin was 17.17%, up 0.58% year-on-year[66]. Cash Flow and Financing - The net cash flow from operating activities dropped significantly to -¥1,423,998,174.52 in 2024, compared to -¥264,092,984.33 in 2023, a decline of 439.20%[77]. - Operating cash inflow decreased by 13.16% to ¥3,047,561,766.41 in 2024 from ¥3,509,206,475.96 in 2023[77]. - Operating cash outflow increased by 18.51% to ¥4,471,559,940.93 in 2024 from ¥3,773,299,460.29 in 2023[77]. - Investment cash inflow fell by 91.18% to ¥55,996,880.52 in 2024 from ¥634,734,196.73 in 2023[77]. - Cash and cash equivalents decreased by 191.74% to -¥1,122,339,250.82 in 2024 from an increase of ¥1,223,445,277.64 in 2023[77]. - The company reported a total financing balance of 583,732.77 million yuan, with an average financing cost ranging from 3% to 4%[55]. - The company has a total of 39,960.00 million yuan in non-bank loans, with costs ranging from 4% to 6%[55]. Market and Economic Environment - The overall economic environment remains challenging, but the company is positioned to adapt to changes in the market landscape[27]. - The real estate market is undergoing adjustments, with government policies aimed at stabilizing housing prices and supporting demand[27]. - In 2024, the government implemented measures to relax purchase restrictions and lower down payment ratios to stimulate the housing market[29]. - Shenzhen's housing supply has contracted due to slowed land supply, with new policies introduced to stabilize the market[30]. - The company anticipates a gradual recovery in the real estate market driven by supportive government policies and improved market sentiment[28]. - The company acknowledges risks related to market conditions, particularly the downward trend in the real estate sector, which may impact profitability[103]. Business Operations and Strategy - The company is focusing on accelerating cash flow recovery and strictly controlling expenditure to ensure stable cash flow and prevent liquidity risks[31]. - The company is advancing the high-quality development of its property management sector, aiming to build a modern, professional, and intelligent service system to enhance market competitiveness[31]. - The commercial operation sector is undergoing a market-oriented transformation, optimizing business models and improving operational efficiency to maximize the value of commercial assets[31]. - The company is committed to developing urban integrated spaces, focusing on residential, high-end apartments, office buildings, and industrial parks[37]. - The company is expanding its rental business capabilities and shifting its focus towards technology parks to provide comprehensive services[40]. - The company is actively exploring new commercial operation models and enhancing core operational capabilities through various initiatives[45]. - The company is focusing on urban renewal projects and has established a market-oriented incentive mechanism to enhance competitiveness[61]. - The company is targeting the Guangdong-Hong Kong-Macao Greater Bay Area and Yangtze River Delta for future project developments[56]. Organizational Changes and Governance - The company is undergoing a board and supervisory committee transition, with the current term ending on September 26, 2024[123]. - The company has appointed new independent directors, with the latest appointments scheduled for October 18, 2024[120]. - The management team includes professionals with significant experience in auditing, finance, and corporate governance, which may strengthen the company's operational efficiency[131][132]. - The company is focusing on enhancing its governance structure with new appointments and rotations in the board and management team[124][128]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1,073.84 million[135]. - The company has established a performance assessment system for senior management based on economic, classification, and evaluation indicators[134]. - The board of directors held a total of 30 meetings during the reporting period, with significant resolutions passed regarding governance and performance reports[136]. - The company emphasizes the importance of timely and efficient decision-making to protect the interests of shareholders[140]. Social Responsibility and Community Engagement - 深物业集团及其所属企业在2024年度共向社会提供岗位86个，招收人员2010人，其中应届生14名，退伍军人65名[161]. - 深物业集团所属企业国贸物业公司在2024年度开展"服务品质提升年"活动，共计开展行动4657次，提升客户满意度[164]. - 深物业集团所属企业在2024年积极响应政府关于绿色发展的号召，确保各项环保措施得到有效执行[159]. - 深物业集团所属企业国贸物业公司于2024年开展"红色旗帜·红色行动"公益献血活动，参与人数共计350人，成功献血250人，献血总量达104000毫升[163]. - 深物业集团所属企业皇城地产公司向福田区委对口帮扶贫困村活动捐款人民币2万元，用于乡村振兴工作[165]. Compliance and Risk Management - The company is focusing on compliance management and risk control, establishing a comprehensive legal and compliance framework[150]. - The internal control evaluation report indicates that the company maintained effective financial reporting internal controls in all significant aspects[155]. - There were no significant defects identified in financial or non-financial reporting during the internal control evaluation[154]. - The company has no violations regarding external guarantees during the reporting period[173]. - The company has committed to maintaining the independence of the listed company in terms of assets, finance, personnel, business, and organization during the period it acts as the controlling shareholder[170]. Related Party Transactions - The company has engaged in significant related party transactions, with a total amount exceeding 7,780 million yuan for property management services[184]. - The company confirmed that there were no significant discrepancies between transaction prices and market reference prices[185]. - The company has non-operating receivables from related parties totaling CNY 53,197.29 million, with a provision for bad debts of approximately CNY 35,622.29 million[188]. - The company has payables to related parties amounting to CNY 20,229.67 million, which includes CNY 16,000 million added during the reporting period[188].