GDMZH(SH:600382)2019-03-27 16:00Financial Performance - The company's operating revenue for 2018 was CNY 718,506,577.57, representing a 12.11% increase compared to CNY 640,902,275.29 in 2017[21] - The net profit attributable to shareholders for 2018 was CNY 388,142,365.08, an increase of 16.87% from CNY 332,112,310.24 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 308,642,314.17, up 8.04% from CNY 285,685,363.86 in 2017[21] - Basic earnings per share increased by 16.90% to CNY 0.83 compared to CNY 0.71 in the previous year[23] - Diluted earnings per share also rose by 16.90% to CNY 0.83 from CNY 0.71 year-on-year[23] - The company achieved operating revenue of ¥718,506,577.57, a year-on-year increase of 12.11%[62] - Net profit attributable to shareholders reached ¥388,142,365.08, reflecting a growth of 16.87% compared to the previous year[62] Cash Flow and Assets - The net cash flow from operating activities improved significantly to CNY 187,302,116.48, compared to a negative cash flow of CNY -632,620,833.79 in 2017, marking a 129.61% increase[21] - The total assets of the company at the end of 2018 were CNY 6,954,318,268.58, a 4.14% increase from CNY 6,677,762,230.17 at the end of 2017[22] - The company’s cash and cash equivalents decreased by 70.26% compared to the end of the previous year, primarily due to cooperative investment payments[46] - Accounts receivable increased by 97.85%, mainly due to an increase in commercial acceptance bills received from trade operations[46] - The company’s total assets decreased by 24.81% to ¥3,251,046,012.10 from ¥4,323,872,179.67[84] Investments and Projects - The company invested CNY 5.90 billion in the "Honggui Garden" real estate development project, with a total construction area of approximately 586,600 square meters[31] - The "Classic City" real estate development project received an investment of CNY 5.60 billion, covering a total construction area of 303,633.98 square meters[33] - The company has committed RMB 300 million to the Yijing Garden real estate development project, with a similar profit distribution rate of 18% over a 36-month period[36] - The company has invested RMB 210 million in the Tianing Huafu real estate development project, with a profit distribution rate of 18% over a 24-month period[39] - The company has invested RMB 168 million in the Honghe Dijin real estate development project, with a profit distribution rate of 18% over an 18-month period[41] - The company plans to conduct land acquisition and leveling work for at least 1,500 acres in the Southern New Town project in 2019, with an initial batch of 192.09 acres of commercial and residential land to be auctioned[55] Risk Management and Internal Controls - The company has outlined various risks in its annual report, urging investors to pay attention to potential investment risks[7] - The company emphasizes risk management and internal control to ensure sustainable development[122] - The company will implement strict internal controls and risk assessments to mitigate potential risks associated with PPP projects and cooperative investments[127] Shareholder Returns and Dividends - The proposed cash dividend is CNY 0.60 per 10 shares, totaling CNY 28,009,484.52, which accounts for 10.34% of the distributable profit for the year[5] - In 2018, the company achieved a net profit of RMB 388,142,365.08, with a cash dividend distribution of RMB 28,009,484.52, representing 7.22% of the net profit attributable to ordinary shareholders[133] - The company has proposed a three-year shareholder return plan (2018-2020) to ensure reasonable returns for shareholders[130] Corporate Governance and Compliance - The company has not reported any major litigation or arbitration matters for the year[145] - The company has not encountered any significant accounting errors or changes in accounting policies that would affect its financial results[142] - The company has received administrative regulatory measures from the Guangdong Securities Regulatory Bureau, requiring board members to participate in training and implement corrective measures[146] Strategic Focus and Future Plans - The company aims for steady economic growth in 2019 based on 2018 performance, focusing on real estate development projects[121] - The company plans to enhance communication with investment partners to achieve expected returns on real estate projects[121] - The company will continue to invest in PPP projects and accelerate the development of the Southern New Town project, aiming for steady revenue growth in 2019[124]