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绿地控股(600606) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was approximately ¥348.43 billion, representing a year-on-year increase of 20.07% compared to ¥290.17 billion in 2017[17]. - The net profit attributable to shareholders of the listed company for 2018 was approximately ¥11.37 billion, an increase of 25.86% from ¥9.04 billion in 2017[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥11.01 billion, up 20.58% from ¥9.13 billion in 2017[17]. - Basic earnings per share for 2018 was CNY 0.93, an increase of 25.68% compared to CNY 0.74 in 2017[18]. - The weighted average return on equity rose to 17.14%, an increase of 1.93 percentage points from 15.21% in 2017[18]. - The total profit reached 24.3 billion yuan, with a year-on-year increase of 26%[37]. - The net profit attributable to shareholders was 11.4 billion yuan, also up by 26% compared to the previous year[37]. - The company maintained a strong cash flow with a net operating cash flow of 42.2 billion yuan, showing continuous improvement[37]. - The company reported a net profit margin of 20%, up from 18% in the previous year[123]. - The company anticipates a revenue growth target of 10% for the upcoming fiscal year, driven by new project launches and market expansion strategies[118]. Cash Flow and Assets - The net cash flow from operating activities for 2018 was approximately ¥42.17 billion, a decrease of 28.35% compared to ¥58.86 billion in 2017[17]. - As of the end of 2018, the net assets attributable to shareholders of the listed company were approximately ¥70.10 billion, an increase of 12.11% from ¥62.53 billion at the end of 2017[17]. - The total assets of the company at the end of 2018 were approximately ¥1,036.55 billion, reflecting a year-on-year increase of 22.16% from ¥848.53 billion at the end of 2017[17]. - The company's total liabilities increased by 39.16% year-on-year, with other payables reaching CNY 109.62 billion[63]. - The company's accounts receivable increased by 56.58% year-on-year, totaling CNY 63.21 billion, attributed to the increase in the scope of consolidation and receivables from the infrastructure sector[63]. Market Expansion and Projects - The company achieved a total contract sales amount of CNY 387.5 billion in 2018, with residential projects accounting for 67% of the sales[24]. - The company has expanded its overseas real estate projects, successfully entering markets in the USA, UK, Canada, and Australia[24]. - The company has initiated new projects with a total area of 1,200,000 square meters across various locations, including commercial and residential developments[90]. - The company is focusing on residential and commercial developments across various regions, indicating a strategic expansion in the real estate market[77][78][79]. - The company is actively pursuing market expansion through new projects in various regions, including Jiangsu Province, with a total investment exceeding 1 billion across multiple sites[96][97]. Strategic Initiatives - The company plans to focus on enhancing the soft power of its self-owned brands and expanding into new business areas such as tourism and exhibitions[32]. - The company is exploring potential mergers and acquisitions to bolster its market presence, particularly in high-growth areas[68]. - The company is committed to enhancing its portfolio with diverse projects across various provinces, reflecting a strategic approach to market expansion and development[89]. - The company is investing in new technologies for project development, aiming to improve efficiency and sustainability in construction practices[129]. - The company is exploring new strategic partnerships to enhance its service offerings and expand its customer base[124]. Risks and Compliance - The company has detailed the major risks in its report, particularly in the section discussing future development[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or their related parties[5]. - The company has not violated any decision-making procedures for providing guarantees to external parties[5]. Revenue and Sales Performance - The company achieved a total operating revenue of 348.4 billion yuan, representing a year-on-year growth of 20%[37]. - The company reported a significant increase in residential project sales, with total sales amounting to 1.2 billion, representing a 20% growth compared to the previous year[125]. - The total revenue for the year reached approximately 3.5 billion, representing a year-over-year increase of 15%[122]. - The company reported a total of 1,200,000 square meters of new construction projects initiated in 2018, with a total investment of approximately 5.5 billion RMB[106]. Investment and Development - The company has several ongoing projects, including the "Greenland Smart Financial City" in Lanzhou with a total investment of approximately ¥2.49 billion, of which ¥1.82 billion has been invested to date[42]. - The company has initiated new construction projects, such as the "Jingu Central" in Nanhai, Foshan, with a total investment of approximately ¥1.06 billion[48]. - The company is focusing on new product development, with a notable revenue of 239,663.00 million in Jinan's Lixia District, reflecting innovation efforts[130]. - The company is actively pursuing new construction projects, with several new projects launched in 2018 across various districts in Sichuan[469][475].