C&D INC.(SH:600153)2020-04-20 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 4,675,776,510.82 in 2019, a slight increase of 0.08% compared to RMB 4,672,023,584.96 in 2018[5]. - Total operating revenue for 2019 was RMB 337,238,672,648.40, representing a year-on-year growth of 20.28% from RMB 280,381,790,726.29 in 2018[16]. - The net cash flow from operating activities increased significantly by 134.61% to RMB 11,215,065,397.85 in 2019, compared to RMB 4,780,265,299.45 in 2018[17]. - The company's total assets reached RMB 295,398,664,300.95 at the end of 2019, marking a 35.84% increase from RMB 217,453,940,226.69 in 2018[17]. - The basic earnings per share remained stable at RMB 1.65 in 2019, unchanged from 2018[18]. - The weighted average return on equity decreased to 16.07% in 2019, down by 2.22 percentage points from 18.29% in 2018[18]. - The net profit after deducting non-recurring gains and losses was RMB 4,140,401,078.62, reflecting a decrease of 2.48% from RMB 4,245,887,468.12 in 2018[16]. - The company reported a substantial increase in trading financial assets, with a year-end balance of CNY 670.87 million, reflecting a change of CNY 406.44 million during the year[25]. - The company achieved a customer satisfaction rate ranking first in the real estate industry according to a survey by Saiwei Consulting[57]. Dividend and Capital Management - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling RMB 1,417,600,265.00, based on the total share capital of 2,835,200,530 shares as of December 31, 2019[5]. - In 2019, the company distributed a cash dividend of 1,417,600,265 RMB, representing 30.32% of the net profit attributable to ordinary shareholders[156]. - The cash dividend policy stipulates a minimum annual distribution of 10% of the available profit, ensuring transparency and compliance with regulations[153]. - The company has maintained a consistent cash dividend distribution strategy over the past three years, with a total cash distribution of 3,402,240,637 RMB[156]. Supply Chain Operations - The supply chain operation business remains a core focus, providing diverse services across various sectors, including logistics and finance[27]. - The company aims to optimize operational efficiency and reduce risks through its comprehensive supply chain solutions[27]. - The company has a robust risk control system and decision-making mechanism to ensure the safe operation of its supply chain business[27]. - The company's supply chain operations exceeded RMB 280 billion in 2019, establishing it as a leading supply chain operator in China[139]. - The company will continue to innovate in supply chain services, integrating logistics, information, finance, and trading to enhance service capabilities[138]. Real Estate Development - In 2019, the company's real estate development business expanded to over 30 cities across China, with a focus on key regions such as the Yangtze River Delta and South China[30]. - The company's subsidiary, Jianfa Real Estate, ranked 37th in the "Top 50 Real Estate Development Enterprises in China" for 2020, while another subsidiary, Lianfa Group, ranked 45th in the "Top 100 Real Estate Development Enterprises" for the same year[30]. - The real estate development business reported revenue of CNY 45.91 billion, up CNY 5.33 billion, or 13.15% year-on-year[53]. - The company’s contract sales amounted to CNY 99.50 billion, a year-on-year growth of 35.20%[54]. - The company has established a strong risk management system to address various risks, including financial management and commodity price fluctuations, which is a core competitive advantage[35]. Project Management and Expansion - The company has several planned projects, including residential and commercial developments in cities like Zhangzhou and Nanchang, with a total planned construction area of 1,000,000 square meters[82]. - The company is currently constructing the Junling Shoufu project in Zhangzhou, which has an area of 116,201.59 square meters and a 100% equity ratio[85]. - The company is expanding its market presence with new projects in cities like Chengdu and Sydney, with respective areas of 39,640.18 square meters and 7,663.00 square meters[83]. - The company has a significant ongoing project in Xiamen, the Jingyue City, with an area of 117,701.55 square meters and a 49% equity ratio[85]. - The company is focusing on residential and commercial developments, with a mix of equity ratios ranging from 47.6% to 100% across various projects[84]. Environmental Compliance - The company’s environmental impact is managed with compliance to standards, as evidenced by the monitoring reports from its subsidiaries[185]. - Average COD concentration in wastewater after treatment is 52.52 mg/L, significantly below the standard limit of 100 mg/L, with a total discharge of 386.8 tons[186]. - The company has conducted regular environmental inspections and monitoring, ensuring compliance with emission standards[190]. - The company disposed of 1,287.7 tons of general solid waste and 107.055 tons of hazardous waste in 2019, following legal disposal procedures[188]. Strategic Outlook - The company plans to actively explore new business areas such as health care, elderly care, tourism, and cultural creativity to extend its industrial chain[140]. - The overall growth rate of the real estate industry has slowed, with a 5.67% decrease in commodity housing sales compared to the previous year[137]. - The company intends to leverage the strategic opportunity of the central government's support for Fujian's accelerated development to expand its international market presence[143]. - The company will focus on risk control and market analysis to mitigate potential risks in the supply chain operations sector[143]. - The company is committed to sustainable development practices in its new projects, focusing on energy efficiency and environmental impact reduction[120].