Cosmos(SZ:002133)2021-04-23 16:00Financial Performance - The company's operating revenue for 2020 was CNY 5,233,546,724.32, representing a 36.47% increase compared to CNY 3,834,976,106.89 in 2019[22]. - The net profit attributable to shareholders for 2020 was CNY 294,731,223.42, up 26.37% from CNY 233,237,854.46 in the previous year[22]. - The basic earnings per share for 2020 increased to CNY 0.38, a rise of 26.67% from CNY 0.30 in 2019[22]. - The company reported a weighted average return on equity of 8.38% for 2020, up from 7.03% in 2019[22]. - The total operating revenue for the year 2020 was approximately ¥5.23 billion, representing a 36.47% increase compared to ¥3.83 billion in 2019[62]. - Real estate revenue accounted for ¥2.38 billion, which is 45.52% of total revenue, showing a 16.18% increase from ¥2.05 billion in the previous year[62]. - Trade revenue significantly increased by 60.84% to ¥2.75 billion, making up 52.64% of total revenue[62]. - The company reported a net income of 300 million RMB, a 5% increase from the previous year, demonstrating stable profitability[199]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 940,535,248.63, a decline of 196.65% compared to a positive CNY 973,113,980.35 in 2019[22]. - The company experienced a significant decline in cash flow from operations, indicating potential liquidity issues[22]. - The company maintained a cash-to-short-term debt ratio of 204%, indicating strong liquidity and financial stability[45]. - Operating cash inflow increased by 85.36% to approximately CNY 12.99 billion, while cash outflow rose by 130.81% to approximately CNY 13.94 billion[75]. - The company reported a significant increase in land purchases and construction payments, impacting cash flow dynamics[76]. Assets and Investments - Total assets at the end of 2020 reached CNY 15,652,293,181.29, marking a 19.70% increase from CNY 13,076,009,777.11 at the end of 2019[22]. - The net assets attributable to shareholders were CNY 3,639,906,103.40 at the end of 2020, reflecting a 6.82% increase from CNY 3,407,518,059.90 in 2019[22]. - The company expanded its land reserves by acquiring 3 new plots, with a total planned buildable area of 1.6711 million square meters[45]. - The company has ongoing projects in various regions, with a total investment of 1.21 billion yuan across multiple developments[52]. - The company has a total of ¥311.04 million in financing, including bank loans and notes[57]. Business Operations and Strategy - The company has not reported any changes in its main business since its listing, maintaining its focus on the real estate sector[21]. - The company's main business is real estate, focusing on self-development and sales, with property management as a long-term profit guarantee[33]. - The company has established a health industry sector, promoting elderly housing products and health management services in Zhejiang[34]. - The company has actively explored cooperation in real estate development and health sectors, promoting the "Healthy Home" residential system[34]. - The company is focused on expanding its market presence through new land acquisitions and ongoing project developments in key urban areas[50]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.8 per 10 shares, based on a total of 774,144,175 shares[7]. - The cash dividend represented 21.01% of the net profit attributable to shareholders in 2020, 26.55% in 2019, and 18.43% in 2018[119]. - The total distributable profit for the year 2020 was CNY 1,127,175,959.99, with the cash dividend accounting for 100% of the profit distribution[119]. - The total number of shares for dividend calculation has remained constant at 774,144,175 shares over the past three years[114][115][119]. Corporate Governance and Compliance - The company has not faced any non-standard audit reports during the reporting period[126]. - The company confirmed that there were no other significant related transactions during the reporting period[141]. - The independent directors fulfilled their responsibilities and played a significant role in the decision-making process regarding the cash dividend policy[114]. - The company has ensured that minority shareholders had sufficient opportunities to express their opinions and that their legal rights were adequately protected[114]. Social Responsibility and Community Engagement - The company maintains a commitment to social responsibility, focusing on economic, social, and environmental benefits[161]. - The company donated cash of 1.15 million RMB and provided over 240,000 pieces of medical supplies during the COVID-19 pandemic[162]. - The company has provided home modification services for over 1,200 families as part of the "family aging transformation" initiative[163]. - The company is committed to building "green real estate" and "energy-saving housing" during its real estate development operations[162]. Future Outlook and Development Plans - The company has set a real estate sales target of 8 billion yuan for 2021, aiming to enhance land reserve resources[108]. - The company plans to implement a standardized management model to ensure rapid operations from land acquisition to sales, with a focus on cost control and quality management[108]. - The company will continue to expand its elderly care services, integrating high-standard facilities with internet and IoT technologies to provide quality services[109].