WGQ(SH:600648)2024-04-26 11:05Financial Performance - The company's operating revenue for 2023 was CNY 7,568,810,081.54, a decrease of 16.44% compared to CNY 9,058,284,597.25 in 2022[22]. - Net profit attributable to shareholders was CNY 928,118,729.07, down 25.20% from CNY 1,240,803,308.65 in the previous year[22]. - Basic earnings per share decreased to CNY 0.82, down 24.77% from CNY 1.09 in 2022[22]. - The weighted average return on equity fell to 7.57%, a decrease of 3.05 percentage points from 10.62% in 2022[22]. - The company reported a total of CNY 321,648,290.56 in non-recurring gains and losses for the year[30]. - The total assets increased by 7.08% to CNY 44,643,404,996.99 at the end of 2023, compared to CNY 41,690,258,672.34 at the end of 2022[22]. - The company's net assets attributable to shareholders increased by 4.58% to CNY 12,543,620,082.28 at the end of 2023[22]. - The total assets of the company reached 44.643 billion RMB by the end of 2023, an increase of 7.08% compared to the beginning of the year[39]. - The annual operating revenue was 7.569 billion RMB, a decrease of 16.44% year-on-year, while the net profit attributable to shareholders was 928 million RMB, down 25.2% year-on-year[39]. Cash Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 4.10 CNY per 10 shares, totaling 465,493,140.84 CNY, which represents 50.15% of the net profit attributable to shareholders for 2023[6]. - The company has established a stable cash dividend policy, ensuring shareholder returns are prioritized[55]. - The company has confirmed that all decisions regarding profit distribution comply with its articles of association and shareholder resolutions[58]. - The company committed to increasing the cash dividend ratio to 50% from 2023 to 2025, enhancing investor confidence[193]. Risk Management and Governance - The company emphasizes the importance of risk awareness regarding forward-looking statements related to future plans and strategies[6]. - The company has detailed potential risks in the management discussion and analysis section of the report[6]. - The company has a comprehensive risk disclosure in the report, particularly in the section discussing future development[6]. - The company has received a standard unqualified audit report from its accounting firm, indicating the financial statements' accuracy and completeness[6]. - The company has received a standard unqualified opinion in its internal control audit for the year 2023, indicating strong governance practices[76]. - The company has established a complete governance structure and independent financial accounting system, ensuring no shared bank accounts with Waigaoqiao Asset Management Company[102]. Investments and Financial Assets - The total investment in financial assets at fair value amounted to approximately ¥4,675,079,760, with a net increase of ¥502,771,456.16 during the period[125]. - The company reported a total of ¥2,300,000,000 in structured deposits, with a redemption amount of ¥2,315,599,214.20, resulting in a net increase of ¥15,599,214.20[125]. - The total amount of money market funds held is approximately ¥4,676,920,290, with a net increase of ¥910,000,000 during the period[125]. - The company has significant intercompany transactions with related parties, with total deposits amounting to RMB 21,301,297,730.66 during the reporting period[129]. - The company is actively managing its financial relationships with related parties to optimize its capital structure and liquidity[128]. Real Estate and Development Projects - The company completed fixed asset investment projects totaling 2.676 billion RMB, with 36 projects implemented throughout the year[44]. - The total area of real estate held for development is 1,591,345.83 square meters, with 1,074,445.25 square meters available for sale[62]. - The company has ongoing projects in the Senlan area, including residential and commercial developments, with a total investment of 433,833,000 CNY[66]. - The company has initiated new construction projects in the Free Trade Zone, with a total area of 20,094 square meters for industrial plants and 12,098 square meters for residential projects in the current year[10]. - The company reported a total of 29,780 square meters for hotel projects and 34,864 square meters for new industrial plant projects, indicating significant expansion in the real estate sector[12]. Strategic Development and Future Plans - The company plans to focus on developing four key industries: biomedicine, intelligent manufacturing, integrated circuits, and automotive parts[153]. - The company aims to enhance the core competitiveness of the free trade zone by leveraging its advantages in attracting investment and improving the business environment[152]. - The company is committed to deepening state-owned enterprise reforms and implementing detailed management measures[172]. - The company is exploring the integration of industry and community through the "New Exhibition City" project, aiming to connect the bonded area with surrounding communities[173]. - The company plans to achieve a new leasing rate of over 50% for newly added industrial properties[193]. Related Party Transactions - The company is committed to minimizing related party transactions and ensuring fair market principles are followed when such transactions are necessary[85]. - The company has various related party transactions with different interest rates, with the highest being 5.4%[129]. - The amount of guarantees provided to shareholders, actual controllers, and their related parties was ¥363,346,046.02[150]. Environmental and Social Responsibility - The company is actively promoting green low-carbon sustainable development, integrating energy-saving concepts throughout the lifecycle of its projects[79]. - The company has implemented various initiatives to support rural revitalization, including medical outreach and agricultural market events[98]. - The company has completed photovoltaic projects with a total installed area of 201,500 square meters, generating 240,650 kWh of electricity and reducing carbon dioxide emissions by 1,985.51 tons in 2023[79].