深物业B(200011) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was CNY 2,965,117,025, representing a decrease of 20.05% compared to CNY 3,708,669,046 in 2022[20]. - The net profit attributable to shareholders for 2023 was CNY 464,014,492.11, down 13.64% from CNY 537,664,698.69 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 172,360,115.90, a significant decrease of 144.19% compared to CNY 390,440,612.64 in 2022[20]. - The company's operating cash flow was negative at -264,092,984.33 CNY, a decrease of 350.96% compared to the previous year[21]. - Basic and diluted earnings per share decreased by 13.63% to 0.7786 CNY from 0.9022 CNY in the previous year[21]. - The weighted average return on equity was 10.26%, down from 12.37% in the previous year, reflecting a decline of 2.10%[21]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, with a net profit of -404,449,220.68 CNY in the fourth quarter[27]. - The company recognized non-recurring gains of 636,374,608.01 CNY in 2023, compared to 147,224,086.05 CNY in 2022, primarily from government subsidies and asset disposals[30]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 3.12 per 10 shares (including tax) based on a total of 595,979,092 shares[3]. - The total distributable profit for the period was 1,495,323,958.98 CNY, indicating a strong profitability position[169]. - The cash dividend distribution plan was approved in the second extraordinary general meeting of shareholders held on December 28, 2023[168]. Real Estate Market Challenges - The real estate market faced challenges, with a reported 8.5% decrease in sales area and a 6.5% decline in sales revenue for the year[34]. - In 2023, the total investment in real estate development reached CNY 1,109.13 billion, a decrease of 9.6% compared to the previous year[35]. - The new construction area for residential buildings in 2023 was 95,376 million square meters, down 20.4% year-on-year[35]. - The total amount of residential land supply in 300 cities decreased by 22.4% to 610 million square meters, while the total transaction area fell by 23.1% to 480 million square meters, marking the lowest level in nearly a decade[36]. - The total transaction amount for land nationwide was CNY 37,504 billion, down 18% year-on-year, with an average premium rate of only 4.5%[36]. - The total funds available for real estate development enterprises in 2023 was CNY 1,274.59 billion, a decrease of 13.6% compared to the previous year[37]. - The personal mortgage loans amounted to CNY 1.9 trillion, reflecting a year-on-year decline of 7.6%[37]. Company Strategy and Operations - The company aims to accelerate cash flow and control expenditure to ensure stable operations amid market uncertainties[43]. - The company is focusing on policy adjustments to stabilize the real estate market, including measures to support home purchases[34]. - The company is actively pursuing project pre-sales and tail-end referrals to adapt to market changes and ensure the achievement of annual operational targets[52]. - The company aims to enhance the value management of existing assets and improve operational services in response to the ongoing challenges in the traditional real estate market[67]. - The company plans to focus on four main business areas: urban space development, property management services, industrial ecosystem operations, and core business ecological investment for high-quality development in 2024[67]. Corporate Governance and Compliance - The company has a complete and independent governance structure, ensuring compliance with relevant laws and regulations[129]. - The company maintains financial independence from its controlling shareholder, with independent financial management and decision-making processes[131]. - The company has implemented a series of internal control systems to ensure accurate and timely information disclosure[130]. - The company has established a comprehensive risk management and internal control system, with 120 employees trained in compliance management[172]. - The company has conducted self-inspections on corporate governance to identify and rectify operational deficiencies[130]. Employee and Social Responsibility - The total number of employees at the end of the reporting period is 8,817, with 98 in the parent company and 8,719 in major subsidiaries[163][164]. - The company provided 221 job positions and hired a total of 1,369 individuals in 2023, including 18 fresh graduates, 34 veterans, and 4 disabled individuals, demonstrating a commitment to social responsibility and workforce diversity[183]. - The company organized a public blood donation campaign with 730 participants, resulting in 560 successful donations totaling 190,700 ml, showcasing its dedication to community service[186]. - The company donated CNY 5,000 to the Longhua District Federation of Trade Unions to support vulnerable workers and promote charitable initiatives[187]. Environmental Compliance - The company has not faced any significant environmental violations or administrative penalties during the reporting period, indicating strong compliance with environmental regulations[181]. - The company actively implemented pollution prevention measures in its construction projects, ensuring adherence to environmental impact assessments and pollution control standards[181]. - The company established a pollution prevention management framework for its projects, emphasizing the importance of environmental protection and compliance with regulations[181]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[142]. - The company plans to expand its market presence by entering two new cities in the next year, aiming to increase its market share by 5%[144]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 300 million yuan earmarked for potential deals[149].