NJGK(SH:600064)2021-04-29 16:00Financial Performance - The company achieved a net profit attributable to shareholders of 2,015,788,602.31 CNY for the year 2020, with the parent company reporting a net profit of 1,707,535,040.66 CNY[9]. - In 2020, the company's operating revenue was approximately CNY 2.90 billion, a slight decrease of 0.18% compared to 2019[27]. - The net profit attributable to shareholders increased by 9.43% to approximately CNY 2.02 billion in 2020[27]. - The net cash flow from operating activities was negative at approximately CNY -2.18 billion, significantly down from CNY 1.18 billion in 2019[31]. - The company's total assets grew by 12.16% year-on-year, reaching approximately CNY 32.62 billion by the end of 2020[27]. - Basic earnings per share rose to CNY 1.631, reflecting a 9.46% increase from the previous year[28]. - The weighted average return on equity decreased to 16.08%, down by 0.64 percentage points compared to 2019[28]. - The company reported a significant increase in trading financial assets, with a year-end balance of approximately CNY 3.20 billion, up from CNY 2.38 billion at the beginning of the year[38]. Dividend Distribution - After allocating 10% of the statutory surplus reserve, the distributable profit for shareholders was 1,536,781,536.59 CNY, with a total distributable profit of 7,814,213,476.22 CNY after including retained earnings from the previous year[9]. - The board approved a cash dividend of 5 CNY per 10 shares, totaling 617,978,444.00 CNY, with remaining distributable profit of 7,196,235,032.22 CNY to be carried forward[9]. - For the 2020 fiscal year, the company plans to distribute a cash dividend of 5 RMB per 10 shares, totaling approximately 618 million RMB[158]. - The company has distributed a total of nearly 3.5 billion RMB in cash dividends since its listing, representing 567% of the total fundraising amount of 615 million RMB[157]. Risk Management - The company has outlined potential risks including macroeconomic environment risks, business development risks, investment management risks, and financial risks in its report[13]. - The company emphasizes the importance of investor awareness regarding the risks associated with forward-looking statements in its reports[12]. - The company acknowledges potential risks related to macroeconomic conditions, business development, and investment management, which could impact its main business operations[151]. - The company emphasizes risk management and internal controls to ensure long-term stable development, focusing on strategic management and enhancing market expansion capabilities[150]. - The company maintains a low debt ratio but faces significant funding needs for its real estate and equity investment businesses, which could lead to financial pressure if cash flow does not meet expectations[154]. Real Estate and Municipal Business - The company is focusing on expanding its real estate and municipal business, with a strong emphasis on high-end residential development and urban renewal projects[47]. - The total sales area of commercial housing in Nanjing reached 13.25 million square meters in 2020, with a year-on-year increase of 0.30%, while the sales amount was 32.70 billion yuan, up 30.25% year-on-year[54]. - The company’s real estate and municipal business actively integrated resources and expanded development space, with a total signed project amount exceeding 3.7 billion yuan for new projects in the Nanjing area[69]. - The company’s real estate projects, such as the Ziwei Hall, received market recognition for their quality, contributing to the overall brand influence in the region[64]. - The company’s new construction area for affordable housing in Nanjing was 6.22 million square meters, with 2.08 million square meters completed in 2020[54]. - The company’s gross inventory de-stocking cycle was 6.72 years, down from 7.12 years in 2019[54]. - The municipal business won contracts totaling over 3 billion yuan during the reporting period, with a subsidiary achieving revenue of 649.75 million yuan, up 18.88% year-on-year[73]. Investment Activities - The equity investment business is actively seeking opportunities in strategic emerging industries, particularly in healthcare and information technology[48]. - The company’s investment in the technology innovation sector remained strong, with IT, biotechnology, and healthcare being the top three investment areas[59]. - The company plans to strengthen its equity investment business by focusing on hard technology sectors such as healthcare, information technology, and new materials, while enhancing post-investment management capabilities[146]. - The total external investment during the reporting period was 681 million RMB, an increase of 10.55% year-on-year[117]. - The company has invested 456.27 million RMB in Nanjing Bank, holding a 9.07% equity stake, and 167.16 million RMB in Nanjing High-Tech New Jun Innovation Equity Investment Partnership, holding a 68.96% equity stake[122]. Environmental Management - The wastewater treatment plant has a processing capacity of 40,000 tons per day, adhering to the Class A standard of the Urban Wastewater Treatment Plant Pollutant Discharge Standard (GB18918-2002) with total pollutant control of COD ≤ 707.2 tons/year and ammonia nitrogen ≤ 70.7 tons/year[196]. - There were no incidents of exceeding discharge standards or major environmental pollution accidents during the reporting period[196]. - The wastewater treatment process was upgraded from SBR to A2/O technology, improving effluent quality to meet Class A standards[197]. - An emergency response plan for environmental incidents has been established to ensure stable operations and rapid response to pollution events[199]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[13]. - The company has not disclosed any violations of decision-making procedures regarding external guarantees[13]. - The company’s financial data is audited by Li Xin Certified Public Accountants, who issued a standard unqualified audit opinion[8]. - The company’s controlling shareholder, Nanjing New Port Development Corporation, committed to not engaging in any competing business, ensuring long-term compliance[162]. - The company has no outstanding performance commitments or significant litigation matters during the reporting period[169].