WINNOVATION(SZ:000620)2019-04-25 16:00Financial Performance - The company's operating revenue for 2018 was ¥14,001,004,940.28, representing an increase of 88.16% compared to the previous year[23]. - The net profit attributable to shareholders of the listed company reached CNY 1,186,458,516.42, an increase of 39.97% compared to the previous year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 968,624,976.64, reflecting a significant increase of 205.89% year-on-year[26]. - Basic and diluted earnings per share were both CNY 0.63, representing a growth of 40.00% from the previous year[26]. - The weighted average return on equity was 16.64%, up from 13.27% in the previous year[26]. - Total assets as of the end of 2018 amounted to CNY 53,601,938,113.44, an increase of 4.17% from the end of 2017[26]. - The net assets attributable to shareholders reached CNY 7,777,477,748.33, marking an 18.85% increase compared to the previous year[26]. - The net cash flow from operating activities was CNY 3,842,127,389.40, a remarkable increase of 409.04% compared to the previous year[26]. - Total revenue reached ¥14,001,004,940.28, with a year-on-year increase of 88.16%[71]. - Revenue from residential property sales was ¥11,354,378,970.09, accounting for 81.10% of total revenue, with a year-on-year growth of 84.88%[71]. - Revenue from other businesses increased by 109.53% year-on-year, totaling ¥2,602,379,330.06, representing 18.59% of total revenue[71]. Business Strategy and Transformation - The company has undergone a significant business transformation, shifting focus to cultural tourism operations since 2016[21]. - The company is actively pursuing strategic transformation towards cultural tourism, moving away from traditional real estate[52]. - Future outlook includes continued investment in cultural tourism management and expansion of hotel management services[23]. - The company is focused on high-quality development and innovation-driven strategies to achieve sustainable growth[52]. - The company plans to deepen its market presence in hot areas such as the Yangtze River Delta and Greater Bay Area in 2019, accelerating the launch of new projects and products[56]. - The company aims to integrate various industries, including culture, technology, tourism, education, sports, and entertainment, to create a new tourism development model[123]. - The company plans to enhance its competitiveness in the real estate sector by focusing on key cities and acquiring projects in high-quality first-tier cities such as "Beijing-Tianjin-Hebei," "Yangtze River Delta," and "Greater Bay Area"[126]. Investments and Acquisitions - The company has not reported any major mergers or acquisitions during the reporting period[23]. - The company successfully opened the Tongguan Kiln Ancient Town scenic area and acquired the Sichuan Langzhong Ancient City scenic area for cooperative operation[39]. - The company completed the acquisition of Xinhua Lian Children's Park Co., Ltd. for ¥121,000,000.00, holding a 100% stake[100]. - The company acquired several subsidiaries during the reporting period, including Xining Xinhua Lian Education Development Investment Co., Ltd.[82]. - The company has formed a comprehensive industrial chain structure through acquisitions, enhancing operational efficiency and risk management[47]. Market Expansion and Product Development - The company is actively developing new products and technologies related to cultural tourism and park management[23]. - Market expansion strategies include enhancing the management of tourist attractions and increasing participation in cultural events[23]. - The company has established four major tourism attractions, enhancing its cultural tourism strategy and operational capabilities[46]. - The company is expanding its market presence with new projects in Malaysia and Australia, indicating a strategic move towards international development[62]. Risk Management and Compliance - The company is committed to addressing potential risks as outlined in the report, ensuring sustainable growth[6]. - The company recognizes risks from national policies and industry trends, particularly in the real estate sector, and will adjust its investment strategies accordingly[132]. - Financial risks are acknowledged due to the long development cycles and capital-intensive nature of cultural tourism projects, prompting a focus on new marketing models to accelerate cash flow[132]. - The company has maintained compliance with its fundraising management regulations, ensuring no violations occurred[111]. Dividend Policy - The profit distribution plan approved by the board is to distribute a cash dividend of ¥2.00 per 10 shares (including tax) to all shareholders[6]. - The company plans to distribute a cash dividend of 2 CNY per 10 shares, totaling 379,338,084 CNY, which represents 31.97% of the net profit attributable to ordinary shareholders for 2018[142]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends totaling 379,338,084 CNY in 2018, 189,669,042 CNY in 2017, and 189,669,042 CNY in 2016[146]. Operational Efficiency - The company has built a strong management team with extensive project experience, ensuring standardized project development[48]. - The company will optimize its real estate operations to ensure stable and healthy development, with an emphasis on accelerating construction and improving service quality[127]. - The company will enhance its management systems to improve operational efficiency and ensure sustainable development amid strategic transformation[128]. Investor Relations - The company conducted 24 investor meetings with 50 institutions and 23 individuals during the reporting period[142]. - The company has not disclosed any significant undisclosed information during the investor communications[142].