JINKE PROPERTY(SZ:000656)2022-12-06 08:38Financial Performance - In 2015, the company achieved a revenue of CNY 19.399 billion, a year-on-year increase of 11.98% [6] - Net profit reached CNY 1.234 billion, up 42.99% year-on-year, with net profit attributable to shareholders at CNY 1.123 billion, a 23.74% increase after excluding perpetual bond impacts [6] - Sales amounted to approximately CNY 23.8 billion, with a year-on-year growth of about 4% [6] - In Q1 2016, revenue was CNY 6.72 billion, a staggering increase of 345.27% year-on-year, and net profit was CNY 248.76 million, up 154.22% [8] Operational Highlights - The real estate segment achieved a signed sales amount of approximately CNY 22.1 billion in 2015, a growth of about 5%, with a signed sales area of approximately 3.32 million square meters, increasing by about 3% [6] - The company had 75 ongoing projects with a total construction area of approximately 13.02 million square meters by the end of 2015 [6] - The property management segment generated revenue of CNY 589 million, a year-on-year increase of 35.52%, and net profit of CNY 48 million, up 152% [6] Strategic Initiatives - The company plans to accelerate its transformation by focusing on "real estate + community comprehensive services" to enhance user experience and create a quality lifestyle [10] - Future strategies include shifting from a focus on housing to community living, transitioning from one-time transactions to ongoing consumer relationships, and evolving from a real estate developer to a community service provider [10] - In 2016, the company aims to start new construction on approximately 4 million square meters and complete about 6.1 million square meters [11] Financing and Cash Flow - The company secured direct financing of CNY 12.3 billion in 2015, including CNY 3.25 billion from public and private bond issuances and CNY 1.5 billion from asset securitization [7] - Sales collection reached CNY 24.2 billion, a 17% increase year-on-year, with net operating cash flow turning positive, up 105% [7] - By the end of 2015, cash reserves stood at CNY 9.4 billion, a 25% increase from the previous year [7]