TAGEN GROUP(SZ:000090)2019-04-01 16:00Dividend Distribution - The company plans to distribute a cash dividend of 2.50 RMB (including tax) for every 10 shares, totaling 1,437,342,642 RMB, and to increase capital by 3 shares for every 10 shares held[6]. - The company plans to distribute a cash dividend of 2.5 CNY per 10 shares, totaling 359,335,660.50 CNY based on a total share count of 1,437,342,642 shares as of December 31, 2018[200]. - For the 2017 fiscal year, a cash dividend of 2 CNY per 10 shares was distributed, amounting to 239,557,107 CNY based on a total share count of 1,197,785,535 shares as of December 31, 2017[200]. - The capital reserve for 2017 was increased by 2 shares for every 10 shares held, increasing the total share count from 1,197,785,535 to 1,437,342,642 shares[200]. - The profit distribution plan for 2016 was based on a total share count of 1,197,785,535 shares as of December 31, 2016[200]. Business Operations - The company has not reported any changes in its main business since its listing[24]. - The company has not indicated any changes in its main business operations since its establishment[24]. - The company has not reported any changes in its controlling shareholders[24]. - The company has maintained its compliance with the Shenzhen Stock Exchange's disclosure requirements for companies engaged in construction and real estate businesses[6]. Financial Performance - The company's operating revenue for 2018 was approximately ¥10.21 billion, representing a 51.26% increase compared to the previous year[26]. - Net profit attributable to shareholders for 2018 was approximately ¥781.58 million, a 29.91% increase from the previous year[26]. - The net cash flow from operating activities for 2018 was negative ¥492.77 million, an improvement from negative ¥1.57 billion in 2017[26]. - The basic earnings per share for 2018 was ¥0.5438, reflecting a 29.91% increase compared to the previous year[26]. - The total assets at the end of 2018 were approximately ¥31.74 billion, a 23.06% increase from the end of 2017[28]. - The net assets attributable to shareholders at the end of 2018 were approximately ¥8.70 billion, a 32.95% increase from the end of 2017[28]. - The weighted average return on equity for 2018 was 11.73%, up from 9.35% in 2017[28]. - The company reported a quarterly operating revenue of approximately ¥5.57 billion in Q4 2018, contributing significantly to the annual total[31]. - The net profit attributable to shareholders in Q4 2018 was approximately ¥607.05 million, showing strong performance in the last quarter[31]. - Non-recurring gains and losses for 2018 totaled negative ¥3.66 million, a significant decrease from positive gains in 2017[32]. Risk Management - The company has detailed potential risks and corresponding countermeasures in the report, particularly in the section discussing future development prospects[5]. - The company guarantees the authenticity, accuracy, and completeness of the annual report content, with key personnel assuming legal responsibility[4]. - The company’s financial report has been confirmed by its accounting personnel, ensuring its accuracy and completeness[4]. Project Development - The company achieved significant growth in operating revenue, new contract value, and profit scale during the reporting period, enhancing its comprehensive capabilities and industry position[39]. - The company holds a special grade qualification for municipal public engineering contracting, being one of only three in the country and the first in South China[39]. - The company has developed and operated over 5.5 million square meters of high-quality projects since its inception in 1988, with a focus on seven major cities including Shenzhen and Guangzhou[39]. - The company undertakes 48% of the road, bridge, and tunnel maintenance and operation services in Shenzhen, managing over 2,903 roads and 589 bridges, totaling 2,245 kilometers[39]. - The company has expanded its business model to include EPC, PPP, and agency projects, with these new business models accounting for 42% of its operations during the reporting period[43]. - The company has enhanced its competitive edge by obtaining eight new qualifications, including first-level qualifications in environmental engineering and airport runway engineering[49]. - The company ranked 62nd in the "Top 100 Enterprises in Shenzhen" and 191st in the "Top 500 Enterprises in Guangdong Province" during the reporting period[46]. - The company is the only municipal state-owned enterprise with full industry chain capabilities in construction, development, operation, and service[46]. - The company has a total of 44 qualifications, with 39 related to construction, showcasing its strong capabilities in various engineering fields[50]. - The company is actively promoting urban renewal projects, including shantytown renovations, to support urbanization and enhance its market competitiveness[44]. Financial Position - Equity assets increased by 65.83% compared to the beginning of the year, mainly due to increased investments in joint ventures[52]. - Cash and cash equivalents grew by 85.26% year-on-year, primarily due to an increase in advance sales proceeds[52]. - Accounts receivable increased by 41.53% compared to the beginning of the year, mainly due to an increase in receivables from project settlements[52]. - Investment properties increased by 33.41% year-on-year, mainly due to the completion of the Tianjian Technology Building being transferred to this category[55]. - The company achieved over 10 billion in revenue for the first time, with total profit reaching a historical high[63]. - The company has enhanced its construction management capabilities, with over 800 skilled workers and an increase in construction qualifications to 39[64]. - The company successfully expanded its market presence, winning its first PPP project and making significant progress in urban construction and service projects[66]. - The company implemented a comprehensive reform strategy, focusing on market-oriented reforms and enhancing internal mechanisms[65]. Customer Satisfaction and Property Management - The company achieved a customer satisfaction rate of 98.8% in property management, with a complaint reduction of 38.2% year-on-year[124]. - The company has a rental rate of 95.56% for property management fees, exceeding the industry average[124]. - The company is developing a mobile property service platform, with nearly 30,000 registered households and a registration rate of 85.82%[124]. - The company added 6.59 million m² of managed property area during the reporting period, with a total management area of 22.14 million m²[124]. Innovation and Technology - The company established an innovation platform system, including an academician workstation and various research institutes, and applied BIM technology in over 10 projects[70]. - The company has made significant advancements in technology application, including the use of BIM technology in construction projects[105]. - The company is committed to enhancing safety management through technology, including the implementation of smart safety helmets and BIM5D safety inspection systems[191]. Market Expansion - The company is positioned to benefit from the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, with increased investment in infrastructure and urban development[182]. - The company aims to strengthen its development strategy focusing on urban construction and services, with a goal to enhance scale, profit, and market value[183]. - The company is focusing on expanding its urban construction business by enhancing market development capabilities and collaborating on major infrastructure projects[186]. - The company is exploring strategic partnerships for long-term rental apartments, expanding its market presence[122]. Safety Management - The company has established a comprehensive quality management system, implementing over 40 safety management regulations and achieving full coverage of safety management[98]. - The company has not experienced any major safety production accidents during the reporting period, demonstrating effective safety management practices[98]. - The company is actively promoting technological advancements in safety management, including the implementation of a BIM5D safety inspection system for enhanced safety management efficiency[98]. Investment and Financing - The company has a total of 1,136,815.20 million CNY in financing, including other borrowings of 48,307.20 million CNY[169]. - The company has bank loans totaling 1,088,508.00 million CNY with an interest rate range of 4.7415% to 6.1750%[169]. - The company reported a loss of ¥7,963,961.83 from the equity investment in Shanghai Caohejing Fengxian Technology Oasis Construction[155]. - The company has restricted cash of ¥22,949,009.05, inventory of ¥6,885,465,189.50, and pledged subsidiary equity valued at ¥1,278,224,172.06, totaling restricted assets of ¥8,186,638,370.61[153]. Operational Efficiency - The company has implemented a standardized project development cycle of "3-9-12-24" months to improve operational efficiency[108]. - The company aims to improve service quality through standardized and refined operations, achieving high customer satisfaction rates[69]. - The company aims to enhance its revenue, particularly in the urban construction sector, with a budgeted investment of CNY 941.932 million for 2019[186].