*ST新联(000620) - 2018 Q4 - 年度财报

Financial 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 reached ¥1,186,458,516.42, an increase of 39.97% compared to the previous year[26]. - The net profit excluding non-recurring gains and losses was ¥968,624,976.64, reflecting a significant growth of 205.89% year-on-year[26]. - The net cash flow from operating activities surged to ¥3,842,127,389.40, marking a 409.04% increase from the previous year[26]. - Basic and diluted earnings per share were both ¥0.63, up 40.00% from ¥0.45 in the previous year[26]. - The weighted average return on equity improved to 16.64%, compared to 13.27% in the previous year[26]. - Total assets increased by 4.17% to ¥53,601,938,113.44 as of the end of 2018[26]. - Net assets attributable to shareholders rose by 18.85% to ¥7,777,477,748.33[26]. - Revenue from residential property sales was ¥11,354,378,970.09, accounting for 81.10% of total revenue, with a year-on-year increase 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]. Investment and Expansion - The company is investing in new product development, particularly in cultural and tourism-related services, to capture emerging market trends[23]. - Market expansion strategies include entering new geographical regions and enhancing service offerings to attract a broader customer base[23]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service portfolio[23]. - The company has established four major tourism attractions, enhancing its cultural tourism strategy and operational capabilities[47]. - The company is actively expanding its cultural tourism projects, with significant investments in various regions[52]. - The company has formed a comprehensive industrial chain through acquisitions, enhancing operational efficiency and risk management[48]. - The company is committed to a strategic transformation from traditional real estate to cultural tourism, with significant progress noted in 2018[52]. - The company plans to deepen its market presence in key areas such as the Yangtze River Delta and Greater Bay Area, accelerating the launch of new projects and products in 2019[56]. Risk Management and Compliance - The company has identified key risks in its operational environment and has outlined strategies to mitigate these risks in its future plans[6]. - The company is committed to enhancing its management systems and risk control mechanisms to support its strategic transformation in the cultural tourism sector[132]. - The company anticipates potential risks from national macro-control policies affecting the real estate market, emphasizing the need for rational investment and product quality improvement[132]. - The company has maintained compliance with its fundraising management regulations, ensuring no violations occurred[107]. - The company has complied with all commitments made during the asset restructuring process, with no violations reported[152]. Dividend and Shareholder Returns - The profit distribution plan approved by the board is to distribute a cash dividend of ¥2.00 per 10 shares, totaling approximately ¥378,338,084.00[6]. - The unallocated profit at the end of the reporting period is 548,874,648.60 CNY, with 169,536,564.60 CNY remaining after the dividend distribution[147]. - The cash dividend policy is in compliance with the company's articles of association and has been executed according to the established plan[142]. - The company has maintained a consistent dividend payout ratio over the past three years, with 2018, 2017, and 2016 ratios at 31.97%, 22.38%, and 36.20% respectively[146]. Project Development and Construction - 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 is accelerating the construction of the Wuhu Jiuzhi Ancient Town and Xining Tongmeng Paradise to ensure their opening in 2019[39]. - The company reported a significant increase in fixed assets by 71.36% due to the completion of hotel and ancient town projects[40]. - The company achieved a signed sales area of 880,400 square meters and a sales amount of 10.702 billion yuan in 2018, with a settlement area of 1,043,600 square meters and a settlement amount of 11.354 billion yuan[56]. - The company completed the construction of 1.25 million square meters and resumed work on 4.79 million square meters of projects during the reporting period, ensuring revenue and profit recognition[56]. Marketing and Customer Engagement - The company reported a significant increase in user data, with a notable growth in customer engagement and satisfaction metrics[23]. - The company has established strong partnerships with major travel agencies and media outlets, ensuring a steady flow of visitors to its attractions[47]. - The company’s marketing strategies have adapted to changing market conditions, achieving consistent year-on-year growth in sales performance throughout 2018[56]. - The company’s cultural tourism projects have effectively increased brand recognition and customer loyalty, particularly following the opening of the Changsha Xinhua Union Tongguan Kiln Ancient Town[53]. Financial Management and Funding - The total financing amount at the end of the period is 2,477,933.40 thousand yuan, including bank loans of 1,398,604.79 thousand yuan[67]. - The company provided mortgage guarantees for homebuyers totaling 5.861 billion yuan, with no guarantees exceeding 10% of the latest audited net profit[67]. - The company has a financing range for bank loans between 1.63% and 7.95% with terms of 1 to 15 years[67]. - The company plans to explore new financing models and strengthen partnerships with financial institutions to optimize its capital structure and reduce financing costs[127]. Corporate Governance and Compliance - The company has not engaged in any derivative investments during the reporting period[106]. - The company has not proposed any capital reserve fund to increase share capital for the 2018 fiscal year[143]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[155]. - The company is not facing any suspension or termination of listing issues following the annual report disclosure[165]. - The company has no penalties or rectification situations during the reporting period[170].