TANDE(SH:600665)2023-03-10 16:00Financial Performance - In 2022, the company achieved a total revenue of ¥10,552,345,745.98, representing a 52.01% increase compared to ¥6,941,947,174.46 in 2021[24]. - The net profit attributable to shareholders was ¥342,665,522.52, a decrease of 9.06% from ¥376,806,218.33 in the previous year[24]. - The net cash flow from operating activities increased by 108.44% to ¥1,395,278,589.93, up from ¥669,379,333.63 in 2021[24]. - Basic earnings per share for 2022 were ¥0.3965, down 9.08% from ¥0.4361 in 2021[25]. - The company reported a 35.41% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, reaching ¥340,711,051.86[24]. - The weighted average return on net assets decreased by 1.29 percentage points to 8.02% in 2022[26]. - The company achieved a sales revenue of 10.55 billion RMB, representing a 52.01% increase compared to the previous year[41]. - The net profit attributable to the parent company was 343 million RMB, with a weighted average return on equity of 8.02%[39]. - The company recorded a total asset value of 40.31 billion RMB as of December 31, 2022[39]. - The company’s gross profit margin in the real estate sector was 25.75%, an increase of 1.78 percentage points year-on-year[46]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥1.19 per 10 shares, totaling ¥102,830,580.00 for the year 2022[6]. - The company has a cash dividend policy that states at least 30% of the average distributable profit over the last three years will be distributed in cash[131]. - The company has a total of 342,665,522.52 RMB in net profit attributable to ordinary shareholders for the year, with a cash dividend payout ratio of 30.01%[136]. Asset Management - The company's total assets at the end of 2022 were ¥40,308,112,494.37, a decrease of 2.34% from ¥41,274,569,917.58 in 2021[24]. - The net assets attributable to shareholders increased by 5.52% to ¥4,387,954,678.61, compared to ¥4,158,459,692.51 at the end of 2021[24]. - The company's total assets included accounts payable of RMB 5.65 billion, which increased by 68.26% due to installment payments for land acquisition[58]. - The company reported a significant increase in tax payable, which rose by 154.80% to RMB 548.34 million, reflecting higher VAT and income tax obligations[58]. Market and Project Development - The company successfully delivered 6400 housing units across 9 projects, totaling 950,000 square meters, demonstrating commitment to project completion[32]. - The company acquired three new projects in Xi'an, covering a total area of 254 acres, indicating strategic expansion efforts[32]. - The company has ongoing projects in various cities, including a total of 99,768.70 square meters under construction for the Yunshui Tianjing project in Xi'an, with an investment of RMB 543.6 million[65]. - The company is focusing on expanding its residential and commercial projects, with multiple new projects launched in key cities[64]. - The company has achieved a construction completion rate of 100% for several projects, including the Changjiang Tianjing project in Xi'an, which has a total area of 156,540.09 square meters[65]. Financing and Investment - The company secured financing of RMB 9.58 billion throughout the year, with RMB 9.25 billion of restricted funds released, enhancing liquidity[32]. - The total financing amount at the end of the period was CNY 1,290,975.21 million, with an average financing cost of 7.49%[72]. - The company plans to apply for a total financing limit of no more than CNY 17.5 billion from financial institutions[71]. - The company plans to invest CNY 8.204 billion in ongoing and planned projects in 2023, and aims to reserve land with a planned area of approximately 450,000 square meters at an estimated cost of CNY 6.5 billion[71]. Risk Management and Governance - The company does not face any significant risk events during the reporting period[10]. - The company conducted 14 audits to strengthen risk management and safety protocols, ensuring operational integrity[34]. - The company has implemented comprehensive risk management measures to prevent operational risks[97]. - The company has confirmed that there are no significant internal control deficiencies during the reporting period[138]. Corporate Governance - The company held 16 board meetings and approved 80 proposals in 2022, demonstrating active governance[97]. - The company has established a strong governance structure with independent directors ensuring oversight and accountability[104]. - The company is committed to maintaining a high level of corporate governance and transparency in its operations[104]. - The company has revised and established multiple internal control regulations to enhance governance effectiveness[97]. Employee and Community Engagement - The total number of employees at the parent company and major subsidiaries is 2,809, with 84 at the parent company and 2,725 at subsidiaries[127]. - The company has implemented a comprehensive training program for new and key employees to enhance skills and optimize work processes[130]. - The company invested a total of 500,000 RMB in social responsibility initiatives, including donations of epidemic prevention materials[149]. - The company mobilized over 3,800 volunteers to support community COVID-19 testing and prevention efforts in Xi'an[149]. Legal and Compliance Issues - The company is involved in a significant lawsuit regarding a claim of 45 million RMB against Tianjin Binhai Development Investment Holding Co., which is currently in the enforcement process[157]. - The company has a pending lawsuit involving a claim of 584.974 million RMB against Haojie Plastic (Shenzhen) Co., which is under judicial review[158]. - The company has maintained a good integrity status with no significant debts or court judgments unfulfilled during the reporting period[162]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[105]. - The company plans to expand its market presence by entering three new provinces in the next fiscal year, targeting a 15% increase in market share[109]. - The company plans to achieve a new sales contract amount of 10.502 billion yuan in 2023[87].