Deluxe Family(SH:600503)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was ¥211,459,285.75, a decrease of 59.71% compared to ¥524,830,764.85 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥76,479,581.17, down 20.59% from ¥96,306,762.97 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥73,156,694.66, a decrease of 12.31% from ¥83,422,057.79 in 2021[23]. - Basic earnings per share decreased by 20.63% to 0.0477 yuan per share in 2022 compared to 0.0601 yuan per share in 2021[25]. - The weighted average return on equity decreased to 2.06% in 2022 from 2.57% in 2021[25]. - The company reported a significant decline in the real estate market, with national commodity housing sales area dropping by 24.3% and sales amount decreasing by 26.7% in 2022[39]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in Q4 2022, representing a 15% year-over-year growth[95]. - The company reported a net profit margin of 12%, up from 10% in the previous year, indicating improved operational efficiency[99]. Cash Flow and Assets - The cash flow from operating activities was negative at ¥165,281,044.04, compared to a negative cash flow of ¥271,520,125.75 in 2021[24]. - The total assets at the end of 2022 were ¥4,876,568,561.16, a decrease of 3.43% from ¥5,049,755,776.39 at the end of 2021[24]. - The company's cash and cash equivalents as of December 31, 2022, were RMB 1,401.42 million, a significant increase from RMB 65.48 million in the previous year[183]. - The net cash flow from operating activities was -165.28 million RMB, an improvement from -271.52 million RMB in the previous year[195]. - The net cash flow from investment activities was 1,573.11 million RMB, significantly up from 0.50 million RMB in the previous year[62]. - The total cash outflow from financing activities was 92,962,473.33, down from 142,889,377.79, reflecting a reduction in financing costs[199]. Strategic Initiatives - The company plans not to distribute profits for 2022 to ensure operational funding and sustainable development[5]. - The company plans to expedite the demolition and relocation work for the Zunyi project to facilitate project commencement[33]. - The company is preparing for the sale of a commercial complex to improve cash flow and reduce inventory[32]. - The company plans to deepen its market presence in core cities like Shanghai and Suzhou with a new development strategy focused on "one lifetime good home, glamorous living"[45]. - The company is actively working on asset revitalization and market opportunities, particularly in the robotics sector, which is currently underperforming[34]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 5% in the upcoming year[95]. Governance and Compliance - The company has established a governance structure in compliance with relevant laws and regulations, ensuring independent operations of its board and supervisory committees[87]. - The company is committed to maintaining transparency and adhering to information disclosure regulations to protect shareholder interests[88]. - The company has implemented a comprehensive budget management approach to enhance financial decision-making and improve capital utilization efficiency[82]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. - The company did not face any penalties from securities regulatory authorities in the past three years[105]. Market Conditions - The overall real estate market in Suzhou saw a significant drop in new residential supply by 43% and a 27% decrease in new home transactions in 2022[40]. - The company's real estate projects in Suzhou and Zunyi are facing challenges, with Zunyi's residential transactions down by approximately 47.01% compared to 2021[41]. - The company acknowledges investment risks in its exploration of industrial investments, emphasizing the need for a comprehensive management system to mitigate potential investment exit risks[83]. Research and Development - Total R&D investment was 4.03 million RMB, representing 1.91% of operating revenue, with 11 R&D personnel making up 5.24% of the total workforce[60]. - Research and development expenses increased by 30% in 2022, focusing on sustainable technologies and product enhancements[95]. - The company is exploring partnerships with tech firms to leverage AI and machine learning in product development, aiming for a 40% efficiency increase in production processes[95]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 128,809, an increase from 127,131 at the end of the previous month[155]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 20.5165 million yuan (pre-tax)[103]. - The company has a structured compensation decision-making process that involves the remuneration and assessment committee and requires shareholder approval[103]. Environmental and Social Responsibility - The company has disclosed a separate social responsibility report, highlighting its commitment to sustainable development[128]. - The company has implemented carbon reduction measures, focusing on energy-saving practices in construction and promoting environmental awareness among employees[127].