Chengtou Holding(SH:600649)2023-03-24 16:00Financial Performance - The total dividend amount (including tax) is 375,451,824.31, which accounts for 47.98% of the net profit attributable to ordinary shareholders in the consolidated financial statements[8]. - The company reported a net profit attributable to shareholders, excluding non-recurring gains and losses, of -410,978,824.20 RMB for 2022, a decrease of 233.20% compared to the previous year[62]. - Real estate sales revenue for 2022 amounted to 7,797,171,359.58 RMB, accounting for approximately 92.67% of the main business revenue[65]. - The company reported a total revenue of 30,835,429.66 RMB from sales of goods and services in 2022, compared to 5,473,623.21 RMB in 2021[109]. - The company’s total comprehensive income for 2022 was ¥898,867,002.13, showing a decrease from the previous year's total of ¥911,542,960.62[126]. - The company reported a total distributable profit of ¥8,556,825,261.75 for 2022 after accounting for a net loss of ¥446,640,310.03 and a cash and stock dividend distribution of ¥278,253,319.74[147]. - The company’s net profit margin was reported at 12%, up from 10% in the previous year, indicating improved operational efficiency[179]. Shareholder Information - The largest shareholder, Shanghai Urban Investment (Group) Co., Ltd., holds 1,175,318,599 shares, representing 46.46% of the total shares[27]. - The second largest shareholder, Hongyi (Shanghai) Equity Investment Fund Center (Limited Partnership), holds 160,614,847 shares, accounting for 6.35%[27]. - The total number of ordinary shareholders as of the end of the reporting period is 77,936, an increase from 77,767 at the end of the previous month[49]. - The company has no strategic investors or general legal entities among the top 10 shareholders due to new share placements[28]. - The company does not have any shares under pledge, marking a stable shareholder structure[27]. - The company has no reported changes in the controlling rights during the reporting period[53]. Debt and Financing - The company issued corporate bonds on December 21, 2022, with a total issuance of 1,000 million at an interest rate of 3.50%[26]. - The company issued a total of 20 billion RMB in bonds in March 2023, with an interest rate of 3.23% and a maturity of 5 years[58]. - The company has no overdue bonds or risks related to bond termination during the reporting period[33]. - The company has not changed the use of funds raised from bond issuance during the reporting period[57]. - The company’s financial liabilities included a debt financing plan with a total amount of CNY 1,678,150,219.70, with an interest rate of 3.03%[88]. - The company’s total liabilities increased significantly, with borrowings received amounting to 18,413,197,558.87 RMB in 2022, compared to 9,100,631,416.84 RMB in 2021[109]. Cash Flow and Liquidity - The net cash flow from operating activities for 2022 was -100,927,903.88 RMB, a significant decrease compared to 2,815,278,328.61 RMB in 2021[109]. - Cash inflow from investment activities totaled 3,854,196,944.63 RMB in 2022, down from 18,364,728,916.37 RMB in 2021[109]. - The net cash flow from financing activities increased to 3,714,444,850.22 RMB in 2022, compared to -1,606,957,797.95 RMB in 2021[109]. - The total cash and cash equivalents at the end of 2022 amounted to 1,654,369,227.07 RMB, up from 1,138,470,723.67 RMB at the beginning of the year[109]. - Cash and cash equivalents stood at $300 million, providing a strong liquidity position for future investments[179]. Internal Control and Governance - The company has established a robust internal control management system, conducting 2 internal control checks and 1 special inspection during the year[10]. - The company’s internal control evaluation report for 2022 was approved by the board of directors, ensuring compliance with regulatory requirements[9]. - The company has optimized its organizational structure to enhance management effectiveness and internal control execution[10]. - The company has committed to improving the governance structure of its subsidiaries to align with their business characteristics[11]. - The company emphasizes the importance of accurate financial reporting and has received a standard unqualified audit opinion from Tianzhi International Accounting Firm[146]. Business Strategy and Operations - The company plans to continue focusing on real estate development, particularly in affordable housing projects[65]. - The company operates in various sectors including engineering consulting, real estate development, and water supply services, indicating a diversified business model[133]. - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming for $1.875 billion[179]. - New product launches included a cutting-edge software platform expected to generate an additional $200 million in revenue[179]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share within the next two years[179]. - A strategic acquisition of a tech startup was completed for $100 million, enhancing the company's capabilities in artificial intelligence[179]. - Research and development expenses increased by 10%, totaling $150 million, to support innovation and new technology initiatives[179]. Profit Distribution - The proposed cash dividend for 2022 is ¥1.10 per 10 shares, with no capital reserve conversion to share capital planned for this year[147]. - The company’s profit distribution for 2022 included a total allocation of CNY 278,253,319.74 to shareholders, reflecting a significant reduction in distributions compared to prior years[84].