2019-03-20 16:00Financial Performance - The company achieved operating revenue of RMB 1,786,416.3 million, an increase of 15.58% year-on-year[3]. - Total profit reached RMB 280,031.9 million, up 55.10% year-on-year, while net profit attributable to the parent company was RMB 118,951.2 million, a 4.31% increase[3]. - Earnings per share were RMB 0.35[3]. - The company's operating revenue for 2018 was CNY 17,864,162,781, representing a 15.58% increase compared to CNY 15,456,514,443 in 2017[29]. - The net profit attributable to shareholders of the listed company for 2018 was CNY 1,189,511,662, a 4.31% increase from CNY 1,140,410,658 in 2017[29]. - The net cash flow from operating activities for 2018 was CNY 2,532,908,272, a significant recovery from a negative cash flow of CNY -1,628,276,493 in 2017[29]. - The company's liquid assets increased by 26.27% year-on-year, indicating improved liquidity[41]. - The company achieved record-high revenue and profit levels during the reporting period, driven by an increase in billable projects and a higher proportion of high-priced products[52]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.12 per share, totaling RMB 404,042,400, subject to shareholder approval[10]. - The cash dividend for 2018 was RMB 404.04 million, representing 34.17% of the net profit attributable to shareholders of the parent company[118]. - The company has committed to maintaining a cash dividend policy of at least 10% of the distributable profit each year[117]. Strategic Development and Expansion - The company aims to maintain its strategies of low-cost expansion, brand expansion, and capital expansion to drive high-quality development[3]. - The company plans to continue expanding its market presence and developing new products and technologies to enhance growth prospects[22]. - The company is focusing on strategic acquisitions to strengthen its competitive position in the real estate market[22]. - The company aims to leverage its existing assets and explore new business opportunities to drive sustainable growth[22]. - The company is focusing on expanding its property development and management services across multiple regions, with 45 ongoing and for-sale projects[40]. - The company has entered 14 cities, including Beijing, Changsha, Wuhan, and Chengdu, establishing a foundation for nationwide scale development[45]. Risk Management - The company faces risks related to policy changes in the real estate sector, market competition, and potential talent shortages due to rapid expansion[14]. - The company emphasizes the importance of project turnover speed and land reserve expansion to mitigate market risks[14]. - The company will focus on cities with mature markets and favorable investment environments to mitigate market risks[111]. Operational Efficiency and Innovation - Future guidance indicates a commitment to improving operational efficiency and increasing profitability through innovative strategies[22]. - The company plans to enhance its operational service capabilities and innovate business development models to cultivate new growth points[110]. - Operational efficiency initiatives are projected to reduce costs by 8%, contributing to improved profit margins[183]. Environmental and Social Responsibility - The company has been recognized as a leading brand in composite real estate for 12 consecutive years since 2007[44]. - The company reported a total reduction in nitrogen oxides and sulfur dioxide emissions by 10% and 59% respectively compared to the previous year[62]. - The company has actively engaged in social responsibility initiatives, including donations to the Spring Seed Foundation for underprivileged children[62]. - The company is actively involved in employment assistance by prioritizing local low-income individuals for job opportunities[152]. - The company has committed to a "one enterprise, one village" support plan to further assist Baihutou Village's development[152]. Financial Position and Assets - Total assets at the end of 2018 reached CNY 91,894,399,862, reflecting a 14.90% increase from CNY 79,980,021,253 at the end of 2017[29]. - The company's total assets at the end of the reporting period amounted to 91.894 billion yuan, an increase of 14.90% compared to the same period last year[82]. - Total liabilities reached 75.050 billion yuan, reflecting a year-on-year increase of 12.66%[85]. - The company reported a significant increase in contract liabilities, totaling 28.445 billion yuan, primarily due to pre-received housing payments[82]. Corporate Governance and Compliance - The company has adopted new accounting standards for the preparation of its 2018 financial statements, including the revised revenue recognition standards[125]. - The domestic accounting firm, PwC Zhongtian, has been retained for 15 years with an audit fee of 253 million[126]. - There are no significant lawsuits or arbitration matters reported for the year[129]. - The company has not faced any risks of suspension or termination of its listing[128]. Employee and Management Information - The total number of employees in the parent company is 3,610, with a combined total of 5,167 employees across the parent and major subsidiaries[196]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period is detailed in the relevant sections of the report[189]. - The remuneration for directors and senior management is determined based on their positions, responsibilities, and the company's annual operational plans and assessments[198].