BUCID(SH:600266)2021-04-09 16:00Financial Performance - The company's operating revenue for 2020 was CNY 13.89 billion, a decrease of 15.46% compared to 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 1.23 billion, down 40.88% from the previous year[21]. - The basic earnings per share for 2020 was CNY 0.4440, representing a decline of 46.21% year-over-year[22]. - The total assets at the end of 2020 reached CNY 131.36 billion, an increase of 7.22% from 2019[21]. - The net cash flow from operating activities for 2020 was negative CNY 903.76 million, worsening from negative CNY 759.01 million in 2019[21]. - The company reported a total of CNY 321.43 million in non-recurring gains and losses for 2020[26]. - The company’s weighted average return on equity for 2020 was 4.55%, down 4.52 percentage points from 2019[22]. - The company achieved operating revenue of 13.891 billion RMB, a year-on-year decrease of 15.46%, primarily due to reduced revenue recognition in the real estate sector[43]. - The company reported a significant increase in the area sold in the Chengdu Longyue Bay project, reaching 889,432 square meters, with a substantial revenue generation[70]. - The company achieved a total sales amount of 21.245 billion RMB, with a sales area of 784,100 square meters during the reporting period[77]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, totaling approximately 215.47 million yuan, based on a total share count of 2,154,694,195 shares after accounting for repurchased shares[6]. - In 2020, the company distributed cash dividends of 1.00 RMB per 10 shares, totaling 215,469,419.50 RMB, which accounted for 66.07% of the net profit attributable to ordinary shareholders[100]. - The company implemented a cash dividend policy, distributing at least 12% of the available profit as cash dividends when profitable[99]. - The company plans to continue prioritizing cash dividends while balancing long-term interests and sustainable development[99]. Audit and Compliance - The company has received a standard unqualified audit report from Da Hua Certified Public Accountants, ensuring the accuracy and completeness of the financial report[5]. - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[5]. - The company has appointed Da Hua Certified Public Accountants as its auditing firm, with key auditors being Ma Ning and Zhao Wei[18]. - The company has no major litigation or arbitration matters during the reporting period[116]. - The company has no significant accounting errors or changes in accounting policies during the reporting period[112]. Business Strategy and Development - The company has outlined potential risks in its future development strategy, emphasizing the importance of risk awareness for investors[7]. - The company’s future development strategy includes a focus on market expansion and new product development, although specific figures are not disclosed in the provided content[7]. - The company is actively expanding its market presence through new product developments and strategic acquisitions[81]. - The company is committed to enhancing its financial performance through strategic investments and efficient capital management[80]. - The company is focusing on expanding its market presence through new residential and commercial projects in key urban areas[70]. Operational Performance - The company has developed a diversified business model including real estate development, equity investment, and commercial real estate operations[31]. - The company’s strategic focus includes enhancing brand influence in tourism real estate and improving operational capabilities in commercial real estate[31]. - The company has ongoing construction projects in Qingdao, with "Qingdao Yuyuan" having a planned construction area of 419,040 square meters and an actual investment of CNY 25.34 million during the report period[64]. - The company has multiple ongoing residential projects across various regions, including Tianjin and Chongqing, with significant areas under construction[70]. - The company is expanding its business segments, including cultural tourism and commercial real estate, which requires further research and operational management[95]. Risk Management - The company faces risks from national macro-control policies affecting the real estate industry, requiring ongoing research and sensitivity to policy changes[95]. - Market competition is intensifying, particularly in "red ocean" areas, necessitating a focus on product and service quality to meet evolving consumer demands[95]. - The company emphasizes the importance of internal resource integration and operational control to mitigate operational risks[95]. - The company is committed to enhancing its compliance system and risk management framework to strengthen business process management[95]. Social Responsibility - The company completed poverty alleviation efforts totaling 1.6581 million RMB during the year, including consumption poverty alleviation of 1.2244 million RMB[137]. - The company helped 8 registered impoverished individuals to escape poverty during the reporting period[138]. - The company invested 31.69 million RMB in poverty alleviation projects, with 4 projects initiated[138]. - The company has disclosed its full social responsibility report for the year[142]. Shareholder Structure - The total number of ordinary shares increased from 188,044.8 million to 225,653.76 million, representing a 20% increase due to a stock bonus of 37,608.96 million shares[148]. - The top shareholder, Beijing Urban Construction Group Co., Ltd., holds 944,663,261 shares, accounting for 41.86% of total shares[154]. - The company has no restricted shares among its top ten shareholders, indicating full liquidity of their holdings[154]. - The report confirms that the company does not have any actual controller through trust or other asset management methods[164]. Employee Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 13.8858 million yuan[184]. - The company employed a total of 1,112 staff, including 127 in the parent company and 985 in major subsidiaries[188]. - The company conducted 148 online training sessions across eight professional lines, with approximately 3,100 participants throughout the year[190]. - The company has a remuneration policy where monthly salaries are based on positions, and annual bonuses are determined by performance metrics set by the board[189].