SPG(SZ:200029)2019-03-28 16:00Financial Performance - The company's operating revenue for 2018 was CNY 2,175,187,242.60, representing a 61.61% increase compared to CNY 1,345,912,605.09 in 2017[17] - The net profit attributable to shareholders for 2018 was CNY 503,498,831.60, a significant increase of 172.18% from CNY 184,988,512.42 in 2017[17] - The basic earnings per share for 2018 was CNY 0.4977, up 172.12% from CNY 0.1829 in 2017[17] - The total profit reached 683 million yuan, a year-on-year growth of 179.76%[31] - The company reported a net profit for the year, with a distributable profit of CNY 615,038,028.05, and proposed a cash dividend of CNY 2.00 per 10 shares[75] - The total cash dividend amount is CNY 202,332,000.00, which accounts for 100% of the profit distribution[75] Cash Flow - The net cash flow from operating activities reached CNY 1,062,567,405.59, a remarkable increase of 6,069.10% compared to a negative cash flow of CNY -17,801,139.64 in 2017[17] - Operating cash inflow increased by 56.20% year-on-year, amounting to ¥2,274,046,624.46 in 2018 compared to ¥1,455,861,556.49 in 2017[51] - Operating cash outflow decreased by 17.79% year-on-year, totaling ¥1,211,479,218.87 in 2018, down from ¥1,473,662,696.13 in 2017[51] Assets and Liabilities - The total assets at the end of 2018 amounted to CNY 4,665,891,514.25, reflecting a 16.96% increase from CNY 3,989,263,981.96 at the end of 2017[17] - The net assets attributable to shareholders increased by 17.82% to CNY 3,332,259,641.39 at the end of 2018, compared to CNY 2,828,242,120.98 at the end of 2017[17] - The asset-liability ratio decreased to 31.40%, down by 0.92 percentage points from the previous year[31] - Total liabilities increased to RMB 1,465,156,403.74 from RMB 1,289,241,420.42, reflecting a growth of 13.7%[179] Revenue Segments - Real estate segment revenue reached CNY 1.60 billion, a significant increase of 163.02% from CNY 606.59 million in the previous year, accounting for 73.35% of total revenue[41] - The residential product line generated CNY 1.44 billion in revenue, marking a 165.56% increase from CNY 540.39 million in 2017[42] - The company achieved a total sales area of 47,808 M2 during the reporting period, with a total saleable area of 237,751 M2[34] Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 202,332,000 based on 1,011,660,000 shares[5] - The total number of shareholders at the end of the reporting period was 76,443, with no changes reported in the shareholder structure[112] - The largest shareholder, Shenzhen Investment Holdings, held 63.55% of the shares, indicating a significant concentration of ownership[112] Management and Governance - The company has a total of 6 current directors, with backgrounds in various sectors including finance and urban development[127] - The company’s management team includes individuals with extensive experience in finance, law, and real estate, contributing to strategic decision-making[130] - The company’s governance structure includes a mix of independent and internal directors, ensuring diverse perspectives[127] Internal Controls and Auditing - The company maintained effective internal control over financial reporting as of December 31, 2018, according to the internal control audit report[154] - The audit opinion issued was a standard unqualified opinion, confirming the fair presentation of the financial statements[161] - The company did not identify any significant internal control deficiencies during the reporting period[152] Community Engagement and Corporate Social Responsibility - The company has actively participated in community service and charitable activities, including donations to the Shenzhen Charity Association[100] - The company is currently involved in a significant asset restructuring process, with stock trading suspended since September 14, 2016[102]