CMPO(SZ:001914)2019-03-12 16:00Financial Performance - The company's operating revenue for 2018 was ¥6,655,646,451.69, representing a 12.94% increase compared to the previous year[21]. - The net profit attributable to shareholders for 2018 was ¥856,613,367.46, marking a significant increase of 468.85% year-over-year[21]. - The company reported a significant increase in net profit from ¥150,587,755.00 in 2017 to ¥856,613,367.46 in 2018[21]. - In 2018, the company achieved a total revenue of 6.66 billion yuan and a net profit attributable to shareholders of 860 million yuan, reflecting a strong financial performance[51]. - The total profit for the year was CNY 122.53 million, a substantial increase of 371.51% year-on-year, mainly due to investment income from the transfer of subsidiaries[59]. - Net profit attributable to the parent company reached CNY 85.66 million, marking a remarkable growth of 468.84% compared to the previous year[59]. - The company achieved total operating revenue of CNY 665.57 million, an increase of 12.94% compared to the previous year, primarily driven by a significant growth of 29.68% in property management revenue[58]. - The company’s revenue from property management increased to CNY 3,352,799,697.01, accounting for 62.69% of the total operating costs, with a growth of 30.73% compared to the previous year[77]. Dividend Distribution - The company plans to distribute a cash dividend of ¥3.00 per 10 shares based on a total share capital of 666,961,416 shares as of December 31, 2018[6]. - The proposed profit distribution plan for 2018 is to distribute a cash dividend of RMB 3.00 per 10 shares, totaling RMB 200,088,424.80, based on a total share capital of 666,961,416 shares[192][197]. - The cash dividend for 2017 was RMB 66,696,141.60, which represented 44.29% of the net profit attributable to the listed company for that year[196]. - The company did not adjust or change its cash dividend policy during the reporting period[192]. - The independent directors reviewed and provided independent opinions on the profit distribution plan, ensuring compliance with regulations and sustainable development[192]. Strategic Focus and Transformation - The company has shifted its focus to property asset management, emphasizing integrated services in property and equipment management[19]. - The company has undergone a strategic transformation since 2011, concentrating on real estate development and divesting from hotel operations[19]. - The company aims to develop into a modern service enterprise centered on asset management, focusing on property asset management and project development services[40]. - The strategic transformation has led to the optimization of the asset structure, with a focus on disposing of non-core assets to enhance profitability[51]. - The company is committed to enhancing operational efficiency and management capabilities, achieving all major operational targets set for the year[51]. - The company plans to enhance its asset management business and expand its operational efficiency through a light asset model[56]. - The company is focusing on the development of intelligent monitoring products to enhance property management services and market expansion[88]. Operational Efficiency and Management - The company has been actively integrating resources and business operations to enhance its competitiveness in the real estate sector[19]. - The company is committed to optimizing its asset structure and improving operational efficiency to better align with its transformation strategy[57]. - The company will implement dynamic management through monthly and quarterly reviews to address issues in business operations and strategic execution[173]. - The company emphasizes resource integration and operational efficiency to enhance overall profitability and achieve high-quality development[174]. Market and Revenue Insights - The property management business experienced a revenue growth of 30% year-on-year, with a new contract value of 1 billion yuan signed during the year[51]. - The overall customer satisfaction rate for property management services reached 93.43%, maintaining a continuous improvement trend over five years[51]. - The company has expanded its smart property management platform, covering 15 provinces and 4 municipalities, with 178 functions launched across 368 projects[52]. - The commercial management segment managed 15 projects with a total area of 1.27 million square meters by the end of 2018, indicating a growing operational scale[52]. - The company is actively exploring new profit growth points by extending its property management services to B-end and C-end clients[52]. - The real estate market is expected to reach a management area of 8.473 billion square meters by 2020, with a market value exceeding 430 billion yuan[50]. Asset Management and Investments - The company has issued bonds totaling 1.5 billion CNY with a coupon rate of 3.29%[25]. - The company reported a significant non-recurring gain from the disposal of non-current assets amounting to 1,242,491,356.96 CNY[32]. - The company disposed of subsidiaries, including CNY 1,063,823,764.33 from the sale of Zhonghang City Real Estate (Shanghai) Co., Ltd., resulting in a net asset gain of CNY 376,761,034.63[78]. - The company completed the transfer of 70% equity in Guiyang AVIC Real Estate Development Co., Ltd. for a total transaction price of RMB 924 million, resulting in an investment income of RMB 629.82 million[146]. - The company reported an investment income of RMB 633.82 million from the transfer of Guiyang AVIC Real Estate Development Co., Ltd.[157]. Risk Management and Compliance - The company has committed to addressing potential risks and challenges in its future development strategies[6]. - The company has implemented a comprehensive legal compliance framework, achieving a 100% legal review rate for all contracts and major decisions[57]. - The company will closely monitor industry trends and regulatory changes to mitigate risks associated with social security and tax policies[172].