滨江集团(002244) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥69,151,820,970.03, a decrease of 1.83% compared to ¥70,442,587,508.90 in 2023[18]. - Net profit attributable to shareholders for 2024 was ¥2,545,764,974.90, reflecting a slight increase of 0.66% from ¥2,529,138,720.52 in 2023[18]. - The net profit after deducting non-recurring gains and losses was ¥2,429,850,723.94, up by 1.19% from ¥2,401,269,567.37 in the previous year[18]. - Basic earnings per share for 2024 were ¥0.82, a 1.23% increase from ¥0.81 in 2023[18]. - The company reported a total revenue of 69.152 billion CNY and a net profit of 3.791 billion CNY, representing a year-on-year increase of 32.94%[31]. - The company reported a total revenue of 1,200,000 million CNY for the year, reflecting a year-on-year growth of 15%[54]. - The residential segment accounted for 75% of total sales, with significant contributions from projects in Hangzhou and Ningbo[54]. - The company reported a net profit margin of 18%, indicating strong operational efficiency and cost management[54]. Cash Flow and Liquidity - The net cash flow from operating activities significantly decreased by 76.52% to ¥7,667,594,549.72 from ¥32,650,002,223.85 in 2023[18]. - The company reported a significant decline in cash flow from operating activities, indicating potential liquidity challenges[18]. - The company generated a net cash flow from operating activities of 7.668 billion CNY, indicating strong liquidity[34]. - Cash and cash equivalents increased by 4.41 billion, a decrease of 47.27% year-on-year, mainly due to the significant decline in net cash flow from operating activities[88]. - The company maintains a cash-to-short-term debt ratio of 3.58 times, effectively covering its short-term liabilities[68]. Assets and Liabilities - Total assets at the end of 2024 were ¥259,082,993,730.65, down 10.67% from ¥290,031,735,564.93 at the end of 2023[18]. - The net assets attributable to shareholders increased by 8.80% to ¥27,527,700,825.06 from ¥25,302,261,949.00 in 2023[18]. - The company has a net debt ratio of 0.57% and a debt-to-asset ratio of 57.88% as of the reporting period[68]. - The financing balance at the end of the period was approximately ¥37.43 billion, with an average financing cost of 3.40%[58]. Market Position and Strategy - In 2024, the company achieved a sales revenue of 111.63 billion CNY, ranking 9th in the industry and entering the top 10 for the first time, being the only private enterprise in this group[30]. - The company plans to expand its market presence by launching 10 new projects in the next fiscal year[49]. - The company is actively pursuing market expansion in Shanghai and Jiangsu while maintaining its position in Hangzhou[60]. - The company has a development strategy of "1+5," focusing on its core real estate business while expanding into five other sectors: services, leasing, hotels, elderly care, and industrial investment[59]. Project Development and Investments - The company acquired 23 land parcels during the reporting period, with a total land payment of 22.44 billion CNY, maintaining a 37% market share in the Hangzhou land market[35]. - The total land acquisition cost for the new projects listed amounts to approximately 4.485 billion yuan, with an equity consideration of about 2.244 billion yuan[39]. - The company has multiple ongoing projects in Hangzhou, with a completion rate of 65% for the "Lü Cui Fang Ying Xuan" project, which covers an area of 17,831 square meters and has a total investment of 638.29 million CNY[41]. - The company has a significant number of projects in the pipeline, including the planned project in Hangzhou with a land area of 58,193 square meters and a planned construction area of 93,109 square meters[43]. Corporate Governance and Management - The company maintains a strict governance structure, ensuring clear responsibilities and effective checks and balances among the shareholders, board of directors, and supervisory board[114]. - The company has established a dedicated financial department with an independent accounting system, allowing for autonomous financial decision-making[120]. - The company has a performance evaluation and incentive mechanism linking the compensation of directors and senior management to overall company performance[117]. - The company has a total of 342.42 million square meters of planned construction area across various residential and commercial projects[62]. Social Responsibility and Sustainability - The company has completed the public welfare renovation of Hujia Ping Village, which has become a model for rural revitalization[164]. - The company plans to extend its rural revitalization efforts to 15 administrative villages and nearly 100 natural villages by 2024[166]. - The company has received multiple awards for its contributions to rural revitalization and social responsibility, including the "Hangzhou Charity Award" for rural revitalization[166]. - The company does not belong to the list of key pollutant discharge units published by environmental protection authorities, demonstrating commitment to sustainable development and environmental protection[158].