D.L.real estate(SH:600159)2024-04-19 10:31Financial Performance - In 2023, the company reported a total revenue of ¥709,271,980.70, a decrease of 18.26% compared to ¥867,749,215.38 in 2022[22]. - The net profit attributable to shareholders was -¥330,792,557.87, representing a significant decline of 91.88% from -¥172,397,696.03 in the previous year[22]. - The company's operating cash flow showed a net outflow of -¥545,307,357.25, a drastic change from a positive cash flow of ¥68,407,532.07 in 2022, marking a decrease of 897.15%[22]. - The basic earnings per share for 2023 was -¥0.399, compared to -¥0.208 in 2022, indicating a worsening performance[23]. - The weighted average return on equity decreased to -15.81% from -7.29% in the previous year, reflecting a decline of 8.52 percentage points[23]. - The company reported a net profit of RMB -308.56 million for its main subsidiary, Beijing Dalong Real Estate Development Co., Ltd., with total revenue of RMB 1,278.54 million[73]. - The company reported a significant drop in undistributed profits, which fell to CNY 712,779,159.16 from CNY 1,043,571,717.03, a decrease of 31.7%[176]. - The total comprehensive income for 2023 was -328,606,763.31 RMB, a decline from -192,817,334.78 RMB in the previous year, reflecting a worsening financial position[183]. Assets and Liabilities - As of the end of 2023, the total assets amounted to ¥3,470,803,500.75, down 16.61% from ¥4,162,373,733.08 in 2022[22]. - The net assets attributable to shareholders decreased by 14.65% to ¥1,926,640,438.75 from ¥2,257,432,996.62 in the previous year[22]. - The company's total liabilities decreased to 1.467 billion yuan, down 3.63 million yuan from 1.830 billion yuan at the beginning of the year[36]. - The asset-liability ratio was 42.28%, a decrease of 1.70 percentage points compared to the beginning of the year[36]. - The company's total assets decreased by 46.46% to CNY 548,074,192, primarily due to reduced sales collections and tax payments related to land appreciation tax[49]. - The company's total liabilities decreased to CNY 1,467,342,954.01, a reduction of 19.8% from CNY 1,830,306,423.03 in the previous year[175]. - The total equity at the end of the current period was CNY 2,003,460,546.74, compared to CNY 2,601,472,806.43 at the end of the previous year, indicating a decline of approximately 23.06%[200]. Revenue Sources - The company achieved total sales revenue of 96.24 million RMB and a sales area of 7,062.70 square meters during the reporting period[59]. - Revenue from real estate development decreased by 52.57% to CNY 106,028,555.22, while the gross margin increased by 0.75 percentage points to 47.73%[41]. - The total revenue from sales of goods and services in 2023 was 503,342,322.65 RMB, a decrease from 974,531,444.79 RMB in 2022, indicating a decline of about 48.3%[187]. - Engineering contract revenue amounted to CNY 580.56 million, contributing 81.85% to total revenue[161]. Cash Flow - The net cash flow from operating activities for 2023 was -545,307,357.25 RMB, compared to a positive cash flow of 68,407,532.07 RMB in 2022, indicating a significant decline in operational performance[188]. - Total cash inflow from operating activities was 518,812,453.97 RMB, while total cash outflow was 1,064,119,811.22 RMB, resulting in a net cash outflow of 545,307,357.25 RMB[188]. - The cash flow from investment activities showed a net inflow of 14,308,288.00 RMB, contrasting with a net outflow of -363,232.70 RMB in the previous year[188]. - Cash flow from financing activities resulted in a net inflow of 48,254,375.00 RMB, compared to a net outflow of -76,588,161.60 RMB in 2022[189]. Governance and Compliance - The company strictly adheres to corporate governance regulations, ensuring fair treatment of all shareholders, particularly minority shareholders, during general meetings[81]. - The board of directors operates independently, with clear responsibilities and compliance with legal requirements, ensuring effective decision-making[82]. - The supervisory board actively monitors the legality and compliance of the company's operations, maintaining the rights of all shareholders[83]. - The company emphasizes transparency in information disclosure, providing equal access to information for all shareholders[84]. - The company has established a performance evaluation and incentive mechanism for senior management, promoting accountability and responsibility[83]. - The company has not faced any issues regarding insider trading or misuse of sensitive information during the reporting period[84]. Market Conditions - The real estate market in 2023 saw a 9.6% decline in total development investment, amounting to 1.10913 trillion yuan compared to the previous year[31]. - The nationwide sales area of commercial housing decreased by 8.5% year-on-year, totaling 1.11735 billion square meters[32]. - The real estate industry is facing challenges such as market downturns and debt crises, but there are opportunities for growth through government policy adjustments[75]. - The company anticipates a trend towards diversified housing supply and increased focus on smart and green development in the real estate sector[75]. Future Plans - The company plans not to distribute profits for 2023 due to the negative net profit reported[6]. - The company plans to focus on project construction in Shunyi District, Beijing, and Zhongshan City, Guangdong Province, leveraging regional advantages for sustainable development[77]. - The company aims to strengthen management of ongoing projects, accelerate sales collection, and increase project reserves in 2024[78]. - The company plans to explore market expansion opportunities and new product development in the upcoming fiscal year[181].