津滨发展(000897) - 2022 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2022 was ¥1,420,138,855.30, a decrease of 37.01% compared to ¥2,254,431,750.83 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥263,178,142.83, down 46.12% from ¥488,496,565.40 in the previous year[21]. - The cash flow from operating activities for 2022 was ¥892,834,962.43, a decline of 29.68% compared to ¥1,269,666,726.53 in 2021[21]. - Basic earnings per share for 2022 were ¥0.1627, a decrease of 46.13% from ¥0.3020 in 2021[21]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, which was ¥234,856,644.15, down 50.91% from ¥478,375,963.19 in 2021[21]. - The weighted average return on equity for 2022 was 12.88%, a decrease of 16.42 percentage points from 29.30% in 2021[21]. - The company achieved a revenue of RMB 1.42 billion in 2022, a decrease of 37.01% compared to the previous year[41]. - The net profit attributable to the parent company was RMB 263 million, down 46.12% year-on-year, primarily due to a decrease in real estate sales and trade settlements[41]. - The company's gross profit margin for real estate sales was 55.98%, a decrease of 4.49% from the previous year[47]. - The company reported a significant increase in deferred income tax assets to ¥417,498,931.92, which is 5.07% of total assets, up from 4.11%[61]. Assets and Liabilities - The total assets at the end of 2022 were ¥8,242,043,603.36, an increase of 18.71% from ¥6,943,056,592.74 at the end of 2021[21]. - The net assets attributable to shareholders at the end of 2022 were ¥2,174,647,842.33, up 13.77% from ¥1,911,469,699.50 at the end of 2021[21]. - The company's inventory stood at ¥5,333,035,753.25, making up 64.71% of total assets, a slight decrease of 0.35% from the previous period[61]. - Accounts payable increased to ¥596,916,184.13, representing 7.24% of total assets, a rise of 3.36% from 3.88% at the beginning of the year[63]. - The total investment amount for the reporting period was ¥626,495,985.77, marking a 100% increase compared to the previous year[67]. Business Operations - The company faced a challenging real estate market in 2022, with sales and investment declining to five-year lows, but managed to maintain profitability[33]. - The company emphasized cost control and project positioning to enhance product value perception among customers, leading to improved sales performance[35]. - The company successfully completed the H2 project, which has been delivered and is generating sales, contributing positively to overall performance[34]. - The company maintained a strong focus on project delivery and sales targets, successfully navigating market challenges to achieve its operational goals[34]. - The company plans to continue expanding its business model through equity transfers and cooperative development to explore new project opportunities[35]. Future Outlook - The company plans to focus on the Meijiang H2 project as the main source of revenue for 2023, aiming to maintain its sales momentum and enhance brand influence[82]. - The company anticipates that the real estate industry will remain in a challenging phase, with increased competition and pressure on profit margins, necessitating a focus on high-quality product development[79]. - The company intends to strengthen cash management and accelerate project sales to support funding for future developments[84]. - The company is committed to reform and innovation, aiming to adapt to market changes and capture new opportunities in land acquisition[85]. - The company plans to explore new financing solutions to meet significant funding needs for project construction and expansion in 2023, while also optimizing internal fund management[89]. Governance and Management - The company has a diverse board with members holding various significant positions in other organizations, enhancing its governance structure[102][103][104][105]. - The total pre-tax remuneration for the board of directors, supervisors, and senior management during the reporting period amounted to CNY 2.4728 million[109]. - The company has implemented an annual salary system for senior management, with performance evaluations conducted annually by the board of directors[107]. - The company’s governance structure has been positively influenced by the directors' active participation and opinions on various proposals[114]. - The company is committed to maintaining compliance with legal and regulatory requirements in its financial reporting[119]. Internal Controls and Compliance - The internal control system is established and effectively operational, ensuring compliance and safeguarding assets[129]. - The company maintained effective internal control over financial reporting as of December 31, 2022, with a standard unqualified opinion from the auditor[134]. - The company reported no significant internal control deficiencies during the reporting period[132]. - The company is committed to ensuring compliance with accounting standards in its revenue recognition policies[198]. - The audit opinion issued was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position as of December 31, 2022[194]. Shareholder Information - The total number of shares outstanding is 1,617,272,234, with 100% being unrestricted shares[177]. - The largest shareholder, Tianjin TEDA Construction Group, holds 20.92% of the shares, amounting to 338,312,340 shares[180]. - The company has 97,144 common shareholders as of the end of the reporting period[180]. - The company has not engaged in any repurchase transactions during the reporting period[187]. - The company has no preferred shares in existence for the company during the reporting period[189].