TUDI(SH:600773)2019-03-29 16:00Financial Performance - The company's operating revenue for 2018 was CNY 1,176,955,736.42, representing a 21.98% increase compared to CNY 964,852,157.50 in 2017[21] - The net profit attributable to shareholders of the listed company was CNY 104,220,380.58, up 27.17% from CNY 81,952,120.20 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 86,134,087.01, reflecting a significant increase of 53.68% compared to CNY 56,049,239.53 in 2017[21] - Basic earnings per share increased by 18.18% to CNY 0.13 in 2018 compared to CNY 0.11 in 2017[25] - The net profit attributable to shareholders for Q4 2018 was CNY 33,762,813.10, showing a significant increase from CNY 21,586,960.77 in Q3 2018[26] - The company achieved operating revenue of ¥1,176,955,736.42, representing a 21.98% increase compared to the previous year's revenue of ¥964,852,157.50[43] - The net profit attributable to shareholders was ¥104,220,380.58, reflecting the company's successful performance in a challenging market environment[43] - The company reported a total revenue of 911.19 million CNY for the year, with a net profit of 7.75 million CNY[82] Assets and Liabilities - The company's total assets at the end of 2018 were CNY 11,869,893,816.47, a 7.30% increase from CNY 11,062,855,071.89 at the end of 2017[24] - The net assets attributable to shareholders of the listed company increased by 2.96% to CNY 3,307,127,114.38 from CNY 3,211,934,136.94 in 2017[24] - The company reported a total asset of RMB 483,901,287.48 and a net profit of RMB 5,443,358.87 from its subsidiary Shanghai Real Estate North Construction Co., Ltd.[76] - The company has a total asset of RMB 2,806,466,773.58 and a net loss of RMB 8,000,532.04 from Shanghai Guotou Investment Co., Ltd.[76] - The company reported a total guarantee amount of RMB 1.35 billion, with a total guarantee balance of RMB 3.53 billion at the end of the reporting period[141] - The total amount of related party transactions for the year was RMB 6,890,643.24, with various services provided at market prices[134] Cash Flow - The net cash flow from operating activities was negative CNY 1,030,020,408.75, a decline of 662.46% compared to positive CNY 183,127,763.18 in 2017[21] - The net cash flow from operating activities was negative CNY 384,728,615.72 for the year 2018, primarily due to high capital expenditures[29] - The company reported a net cash flow from operating activities of -¥1,030,020,408.75, a decrease of 662.46% compared to the previous year[56] - Net cash flow for the period was -1,588,323,657.27, a decrease of 303.42% compared to the previous period[58] - Cash and cash equivalents decreased by 81.24% to 366,570,006.59, primarily due to significant project development expenses and the purchase of 630 million in structured deposits[58] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.15 per share, totaling CNY 12,294,911.16, based on the total share capital as of the dividend record date[6] - The company distributed a cash dividend of 0.15 RMB per 10 shares, amounting to a total cash dividend of 12,294,911.16 RMB, which represents 11.80% of the net profit attributable to ordinary shareholders[96] - The cash dividend for 2017 was 0.10 RMB per 10 shares, totaling 8,196,607.44 RMB, accounting for 10.00% of the net profit attributable to ordinary shareholders[96] - The company did not propose any cash profit distribution plan during the reporting period despite having positive distributable profits[96] Business Operations and Strategy - The company’s business model focuses on self-developed sales, primarily in the real estate sector, with operations concentrated in Shanghai, Quanzhou, and Xi'an[34] - The company is actively expanding into commercial real estate, with the successful opening of the Xixian New Area World Trade Center shopping park[42] - The company is strategically expanding its operations into key cities along the "Belt and Road" initiative, diversifying its business beyond residential real estate[38] - The company plans to accelerate the development of existing real estate projects and expand its commercial projects, including outlet malls[86] - The company is focusing on diversifying its operations in new energy and materials, particularly in graphene and carbon nanomaterials[86] Risks and Commitments - The company has detailed risk factors and countermeasures in the report, highlighting potential challenges in future development[8] - The company faces risks related to market competition, funding pressures, and the need for high-quality talent as it expands its operations[90] - The company has ongoing commitments to ensure that its controlling shareholder and related entities do not engage in competing businesses[99] - The company has established a commitment to avoid conflicts of interest in related party transactions, ensuring compliance with legal and regulatory requirements[112] Corporate Governance - The company has commitments from its controlling shareholder to maintain independence in operations and avoid competition with its subsidiaries[99] - The controlling shareholder has pledged to minimize and regulate related party transactions with the company post-restructuring[104] - The company has engaged Lixin Accounting Firm for auditing services, with a remuneration of RMB 90.10 million for the year[128] - The company has no significant litigation or arbitration matters reported for the year[132] Community Engagement and Social Responsibility - The company has committed to a poverty alleviation plan, contributing 250,320 RMB in food donations and generating tax revenue of 403,600 RMB in the local area[154] - The company has created 90 job opportunities in the local area through its joint venture in Tibet[154] - The company has outlined future poverty alleviation plans, focusing on targeted measures to assist local impoverished populations[156] Shareholder Structure - The company has a total of 729,213,663 unrestricted circulating shares, accounting for 88.97% of total shares[167] - The largest shareholder, Shanghai Jing'an District State-owned Assets Supervision and Administration Commission, holds 73,556,050 shares, representing 47.78% of the total shares[177] - The company has a total of 819,660,744 shares outstanding after the non-public issuance[173] - The company has not disclosed any related party transactions or concerted actions among shareholders[180]