深振业A(000006) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was approximately ¥2.81 billion, a decrease of 24.03% compared to ¥3.70 billion in 2022[16]. - The net profit attributable to shareholders for 2023 was a loss of approximately ¥802.65 million, representing a decline of 291.28% from a profit of ¥419.62 million in 2022[16]. - The net cash flow from operating activities was approximately ¥72.76 million, down 96.86% from ¥2.32 billion in the previous year[16]. - The total assets at the end of 2023 were approximately ¥25.92 billion, a decrease of 1.82% from ¥26.40 billion at the end of 2022[16]. - The net assets attributable to shareholders decreased by 11.77% to approximately ¥6.97 billion from ¥7.90 billion in 2022[16]. - The basic earnings per share for 2023 was -¥0.5946, compared to ¥0.3108 in 2022, marking a decline of 291.31%[16]. - The weighted average return on equity was -10.79% in 2023, down from 5.40% in 2022, indicating a significant drop in profitability[16]. Revenue Sources - Real estate sales accounted for 94.24% of total revenue, generating approximately CNY 2.65 billion, down 26.09% from CNY 3.58 billion in 2022[48]. - Revenue from property leasing increased by 39.02% to approximately CNY 127.74 million, representing 4.54% of total revenue[45]. - The company reported a gross profit margin of 39.11% for the real estate sector, which is a slight increase of 0.5% year-on-year[47]. Investment and Financing - The company’s total financing balance at year-end was CNY 79.35 billion, with an average financing cost ranging from 2.76% to 6.18%[7]. - The company issued two corporate bonds totaling CNY 1.5 billion at competitive interest rates of 3.3% and 3.45%, enhancing cash flow stability[31]. - The total investment amount during the reporting period was CNY 2,634,404,121.07, a decrease of 15.04% compared to the previous year[65]. - The company completed the Tianjin Yuhu project, generating a revenue of approximately CNY 462.91 million, while the Changsha Zhenye City Phase IV project generated CNY 1.17 billion in revenue[67]. Project Development - The company completed the delivery of over 1,700 units, with a construction area of 355,200 square meters, ensuring smooth project handovers[29]. - The company has a total of 12 ongoing and newly completed projects as of December 31, 2023, with a total saleable area of approximately 1,000,000 square meters[34]. - The cumulative pre-sale area for the projects reached 1,000,000 square meters, with a total pre-sale amount of approximately 1,000 million yuan[35]. Market Outlook and Risks - The company anticipates a gradual recovery in the real estate market in 2024, driven by favorable government policies and macroeconomic stability[77]. - The company faces significant market risks due to ongoing adjustments in the domestic real estate market, with declining property prices and sluggish sales performance[77]. Corporate Governance - The company plans to enhance corporate governance and operational efficiency, focusing on strategic leadership and compliance with regulatory requirements[78]. - The company has established a robust internal control system, ensuring effective operation and compliance with regulatory requirements[87]. - The company has engaged in over 100 investor communications through various channels, enhancing transparency and investor confidence[87]. Employee Management - The total number of employees at the end of the reporting period is 416, with 99 in the parent company and 317 in major subsidiaries[118]. - The educational background of employees shows 69 with a master's degree or above, 308 with a bachelor's degree, 31 with a college diploma, and 8 below college level[118]. - The company has established a salary policy that includes position salary, reward salary, subsidies, and benefits, aimed at motivating employees and aligning with corporate development strategies[120]. Shareholder Information - The company has not proposed any cash dividend distribution or bonus shares for the current fiscal year[124]. - The company executed an employee investment plan in March 2023, with a total investment amount of 2.28 million yuan in the Shenzhen Guangming project[125]. - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 21.93% of the shares, totaling 296,031,373 shares[178]. Environmental and Social Responsibility - The company actively participated in rural revitalization efforts, with a focus on improving local economic development and increasing villagers' income levels[136]. - The company’s environmental, social, and governance (ESG) report will be disclosed alongside the annual report on April 27, 2024[135].