NJGK(SH:600064)2023-04-28 16:00Financial Performance - The company's operating revenue for the reporting period was ¥4,482,207,249.23, a decrease of 8.87% compared to ¥4,918,628,733.89 in the same period last year[5]. - The company's net cash flow from operating activities was -¥1,868,718,103.84, a decline of 472.63% compared to ¥501,491,272.83 in the previous year[5]. - The company achieved a net profit attributable to shareholders of 2,402,373,814.02 CNY in 2022, with the parent company net profit at 1,987,654,348.03 CNY[88]. - The proposed profit distribution plan for 2022 includes a cash dividend of 4.2 CNY per 10 shares, totaling 726,742,650.48 CNY, with remaining distributable profits of 9,183,916,315.91 CNY[88]. - The company reported a total distributable profit of 9,910,658,966.39 CNY after accounting for previous year’s undistributed profits and dividends paid[88]. Investment and Financing - The company successfully issued ten short-term financing bonds at lower interest rates, further reducing financing costs[4]. - The company reported an investment cash flow of ¥678,513,991.77, an increase of 510.83% compared to ¥111,081,158.70 in the previous year[5]. - The company recorded a significant increase in long-term loans, rising by 150% to 350 million RMB due to business development needs[49]. - The company purchased financial assets worth 13,489.15 million RMB during the period, while sales and redemptions amounted to 12,683.75 million RMB[60]. - The company has a total initial investment cost of 219,063.65 million RMB for its financial assets[61]. Operational Efficiency - The company reduced its research and development expenses by 34.84%, amounting to ¥12,956,844.80 compared to ¥19,884,141.08 in the previous year[5]. - The company recorded a significant decrease in sales expenses by 61.26%, totaling ¥30,513,675.14 compared to ¥78,763,183.19 in the previous year[5]. - The company aims to enhance its market competitiveness in the real estate and municipal sectors by optimizing project management and accelerating cash flow recovery[69]. - The company plans to enhance market analysis and accelerate project development and sales in the real estate sector, focusing on high-end product positioning[93]. - The company aims to complete a three-year development plan, clarifying future development ideas and tasks, while enhancing financial management and optimizing payment schedules to ensure cash flow stability[96]. Real Estate Development - The company has a total of 171,440.08 square meters in sales area and recognized revenue of ¥364,687.55 million from project turnover during the reporting period[23]. - The company has a total of 40,475.82 square meters of land held for development in Nanjing, with a cooperation development project involving 40,475.82 square meters[22]. - In 2023, the company plans to start construction on 338,000 square meters, an increase of 287.17% compared to the actual area started in 2022[54]. - The planned completion area for 2023 is 344,600 square meters, which is an increase of 8.54% compared to the actual completion area in 2022[54]. - The company aims to accelerate the de-stocking of existing real estate and municipal projects, enhancing investment in equity investment business to drive high-quality development[41]. Risk Management - The company faces financial risks due to the high capital demand and long cycle of its real estate and equity investment businesses[73]. - The company acknowledges macroeconomic risks that may impact its real estate and equity investment businesses, potentially leading to lower-than-expected housing prices and market demand[97]. - To address risks, the company will implement a "Risk Prevention and Control Year" management theme, enhancing risk information collection and monitoring mechanisms[98]. - The company has detailed its major risks, including macroeconomic, business development, investment management, and financial risks in its annual report[120]. - The company is actively addressing risks in its real estate and municipal business sectors while promoting model upgrades and mechanism innovations[44]. Governance and Compliance - The company has achieved zero errors in information disclosure during the reporting period, earning an A-level evaluation from the Shanghai Stock Exchange[47]. - The company emphasizes the importance of governance and compliance, ensuring that all shareholders, especially minority shareholders, have rights to information and participation in major decisions[99]. - The company is committed to improving governance and investor relations to protect shareholder interests[74]. - The company has established specialized committees under the board, including an audit committee and a remuneration and assessment committee[128]. - The internal control audit was conducted by Lixin Accounting Firm, with a fee of 200,000 RMB[188]. Employee and Social Responsibility - The company has a total of 562 employees, with 62 holding a master's degree or above, 386 with a bachelor's degree, 79 with a college diploma, and 35 below a college diploma[132]. - The company emphasizes employee training and development, implementing a comprehensive training system with both online and offline resources[133]. - The company established a performance-based compensation system to enhance employee motivation and organizational efficiency[148]. - A total of 642,000 RMB was donated to various charitable projects, including 400,000 RMB to the local charity association[183]. - The company invested 6.704 million RMB in environmental protection during the reporting period[175]. Environmental Initiatives - The new sewage treatment plant has a designed processing capacity of 40,000 tons per day and complies with Class A discharge standards[177]. - The total pollutant control limits are set at COD ≤ 707.2 tons/year and ammonia nitrogen ≤ 70.7 tons/year, with no exceedances reported during the period[177]. - The company has implemented carbon reduction measures, including the use of new eco-friendly materials in prefabricated buildings[181]. - The sewage treatment plant underwent an upgrade in 2018, improving effluent quality from the previous standards to Class A[178]. - The company has a contingency plan for environmental emergencies, which is regularly practiced[180].