WORLDUNION(SZ:002285)2022-12-05 06:32Financial Performance - In 2016, the company achieved operating revenue of 6.27 billion RMB, a year-on-year increase of 33.10% [1] - The net profit attributable to shareholders was 747 million RMB, up 46.69% year-on-year [1] - The net cash flow from operating activities was 2.294 billion RMB, a significant increase of 409.17% [1] - Basic earnings per share were 0.37 RMB, reflecting a year-on-year growth of 37.04% [1] - The weighted average return on equity was 19.47%, an increase of 1.8 percentage points year-on-year [1] - Total assets at the end of the reporting period were 7.784 billion RMB, up 5.22% from the previous year [1] - Net assets attributable to shareholders were 4.189 billion RMB, an increase of 18.00% [2] Business Achievements - The company operated in 172 cities with 1,946 sales sites, covering over 1.5 million new housing units [2] - The e-commerce platform, "Shijian Fanglianbao," connected over 700 developers and more than 50,000 intermediary stores, serving over 100,000 homebuyers [2] - The company expanded its community management network to 168 sites in 20 cities [2] - In commercial property management, the company managed assets exceeding 250 billion RMB, with operational management services covering over 10 million square meters [2] Future Outlook - The company aims for a budgeted operating revenue of 8.6 billion RMB in 2017, targeting a growth of 37% [2] - The total market size for services related to new housing transactions, existing housing transactions, commercial properties, and rental services is estimated at 68 trillion RMB, with the company’s revenue in 2016 accounting for less than 0.1% of this market [2] - The company plans to increase investment in commercial properties and long-term rental apartments, targeting 20 cities and signing contracts for 100,000 units [3] - The company anticipates that financial services will grow, with a focus on improving risk control and developing a comprehensive product system [3] Market Strategy - The company is focusing on integrating online and offline resources to enhance its e-commerce platform [4] - It aims to explore asset-backed securities (ABS) for long-term rental apartments, with a target of achieving a scale of 1 million units [5] - The company recognizes the importance of maintaining core competitiveness and personnel development amidst increasing competition in the market [3]