Financial Performance - Total revenue for 2022 was RMB 15,565 million, a decrease of 11.3% from RMB 17,555 million in 2021[13]. - Basic earnings per share for 2022 were RMB 11.3 cents, down from RMB 20.3 cents in 2021[18]. - The proposed final dividend for 2022 is HKD 0.064 per share, compared to HKD 0.084 per share in 2021[18]. - In 2022, the company recorded a net profit of RMB 1.475 billion, with profit attributable to shareholders at RMB 906 million, reflecting a decrease compared to the previous year due to rental concessions and currency depreciation during the Shanghai lockdown[32]. - The company reported a significant increase in investment capabilities and performance under the leadership of the Chief Financial Officer, who has over 20 years of experience in the Asian real estate sector[47]. - The company reported a net profit of RMB 1.475 billion for 2022, with a profit attributable to shareholders of RMB 906 million[92]. - Revenue decreased by 11% to RMB 15.565 billion in 2022, down from RMB 17.555 billion in 2021, primarily due to delays in construction and delivery of residential units[92]. - The gross profit for 2022 was RMB 1,924 million, reflecting a 7% decline compared to the previous year[118]. - The annual profit for 2022 was RMB 1.475 billion, down from RMB 2.208 billion in 2021[140]. - The company's attributable profit to shareholders was RMB 906 million, a decrease of 45% compared to RMB 1,636 million in 2021[141]. Property Development and Sales - Property development revenue was RMB 11,695 million, down 14.2% from RMB 13,638 million in the previous year[13]. - The group achieved a total contracted property sales amount of RMB 27.2 billion in 2022[23]. - The total contracted property sales amounted to RMB 27.2 billion in 2022, down from RMB 30.3 billion in 2021, indicating strong market demand for the company's unsold properties[32]. - The company achieved total contracted property sales of RMB 27.219 billion, with residential property sales amounting to RMB 25.783 billion and commercial property sales at RMB 1.436 billion[33]. - The company confirmed that the sales from the Wuhan Tianji project contributed RMB 436 million in residential sales in 2022[100]. - The total sales revenue from delivered units in the Shanghai Ruihong New City project reached RMB 10.291 billion as of December 31, 2022[105]. - The total sales revenue for the residential units in the project "Zhongliang Ruihong • Haijing No. 1" reached RMB 10.291 billion, with all 609 units sold by December 31, 2022[73]. - The total construction area for the new project in Shanghai Yangpu is 23,791.32 square meters, with a purchase price of RMB 2.376 billion[72]. Financial Management and Debt - The net asset liability ratio was maintained at a stable level of 45%[22]. - The company signed a RMB 10 billion cooperation memorandum with Shanghai Pudong Development Bank for M&A financing[22]. - The group repaid or refinanced a total of RMB 6.797 billion in borrowings during the year[22]. - The company redeemed USD 600 million of 6.40% perpetual capital securities in June 2022, increasing the net debt-to-equity ratio to 45% from 30% as of December 31, 2021[92]. - The company's net debt as of December 31, 2022, was RMB 20.144 billion, an increase from RMB 14.579 billion in 2021[147]. - The net asset liability ratio increased to 45% in 2022 from 30% in 2021, primarily due to the redemption of USD 600 million in perpetual capital securities[147]. Sustainability Initiatives - The company reduced carbon emissions intensity by 27.5% and energy consumption intensity by 12.2% compared to 2021, demonstrating commitment to sustainability[24]. - 95% of the company's commercial property area has received green certification, highlighting its focus on sustainable development[24]. - The company signed a green covenant with 100 suppliers to create a green supply chain, further enhancing its sustainability initiatives[24]. - The company joined the "Business With Purpose 2022" platform to further integrate sustainability into its corporate activities[24]. - The company has committed to reducing carbon emissions in line with the Science Based Targets initiative, aiming to limit global temperature rise to below 1.5ºC[35]. - The company aims to enhance employee awareness of its sustainable development vision, with approximately 99% of relevant employees completing training related to environmental, social, and governance issues in 2022[192]. Market Conditions and Outlook - The real estate market in China is expected to undergo a period of adjustment, with cautious buyers and some developers facing liquidity issues, although there are signs of slight recovery in transactions[37]. - The government is easing property market regulations to improve developers' asset-liability ratios and restore market confidence, as seen in Wuhan's recent relaxation of purchase restrictions[37]. - The Chinese government's optimization of pandemic control policies in December 2022 led to a 12.2% increase in sales revenue for consumer-related industries during the Spring Festival in January 2023 compared to the previous year[37]. - The overall economic outlook for 2023 remains cautious, with the government announcing a growth target of around 5% due to uncertainties in the global economy[151]. Corporate Governance - The board consists of 11 members, including 4 executive directors and 7 independent non-executive directors, with independent directors accounting for approximately 64% of the board[163]. - The company ensures that independent non-executive directors can seek independent advice to maintain their independence and effectiveness[158]. - The board's diversity policy is reviewed annually by the nomination committee to assess its implementation and effectiveness[162]. - The company has received annual confirmations of independence from all independent non-executive directors, affirming their ability to make independent judgments[159]. - The company is committed to creating a diverse and inclusive work environment, prohibiting any form of discrimination[172]. Investment Properties - As of December 31, 2022, the fair value of the group's investment properties (excluding hotels and self-used properties) was RMB 96.513 billion, with a total built area of 2,635,700 square meters[110]. - The total built area of the group's land reserves was 9.3 million square meters, including 6.8 million square meters available for lease and sale, and 2.5 million square meters for clubhouses, parking lots, and other facilities[112]. - The completed investment properties had a total rental area of 1,376,200 square meters, with a fair value increase of RMB 98 million in 2022[111]. - The group reported a fair value decrease of RMB 596 million across its total investment properties in 2022, representing a 0.6% decline[111]. Board and Management Structure - The company has a diverse board with members holding multiple degrees and significant experience in finance and management, enhancing its decision-making capabilities[50]. - The independent non-executive director has extensive academic and professional credentials, contributing to the company's governance and strategic oversight[48]. - The company has appointed Wang Ying as the CEO effective January 1, 2022, separating the roles of Chairman and CEO for clearer responsibilities[161]. - The company emphasizes continuous professional development for directors, providing updates on legal and regulatory developments[174].

Shui On Land (00272) H2 2022 Earnings Call March 23, 2023 06:00 AM ET Speaker0 Good evening, ladies and gentlemen. Welcome to ShuiON Land's twenty twenty two Annual Results Analyst Briefing. Thank you very much for joining us online this evening. We are pleased to have five members of the senior management team with us today, Mr. Vincent Lo, our Chairman Ms. Stephanie Lo, Executive Director of Shui Yong Land and Vice Chairman of Shui Yong Ting Ting D Mr. Douglas Song, Chief Financial Officer and Chief Inves ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示，概不會就因本公佈的全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公佈僅供參考，並不構成收購、購買或認購證券的邀請或要約，亦非提呈任何該等要約或邀請。尤其本公佈並不構成亦 非提呈出售或邀約購買香港、美國或其他地方的證券之要約。 根據一九三三年美國證券法，在概無註冊或獲豁免註冊的情況下，不得於美國提呈或出售證券。任何在美國公開發售證券 僅可透過招股章程的形式進行，招股章程可向發行人或出售證券的持有人索取，且當中須載列發行人及其管理層的詳細資 料以及財務資料。本公佈所提述的證券概無計劃於美國公開發售。 Shui On Land Limited 瑞安房地產有限公司* （於開曼群島註冊成立之有限責任公司） （股份代號：272） 2022 年全年業績公佈 摘要 ⮚ 儘管營運環境極其艱難，但本集團仍然表現堅穩：2022年是充滿挑戰的一年，全球及本地的複雜因素為本 集團業務帶來前所未有的衝擊。地緣政局緊張、持續的新冠疫情導致上海和中國其他主要城市採取封鎖措 施，加上通脹升溫、流 ...

Financial Performance - In the first half of 2019, the revenue reached RMB 7.902 billion, with general property sales increasing to RMB 5.106 billion, a year-on-year increase of 76%[7]. - Net profit attributable to shareholders rose by 8% year-on-year to RMB 1.326 billion in the first half of 2019[7]. - The gross profit margin increased by 18 percentage points to 45% in the first half of 2019, compared to 27% in the same period of 2018[7]. - The company's revenue decreased by 58% to RMB 7.902 billion in the first half of 2019, down from RMB 19.032 billion in the same period of 2018[52]. - Property sales fell by 64% to RMB 6.376 billion in the first half of 2019, compared to RMB 17.880 billion in the first half of 2018[52]. - The total confirmed property sales for the first half of 2019 amounted to RMB 7.817 billion, a decrease of 56% compared to RMB 17.899 billion in the first half of 2018[33]. - The company's net profit for the first half of 2019 was RMB 1.598 billion, an increase from RMB 1.479 billion in the same period of 2018[61]. - The group's recurring revenue increased by 17% year-on-year to RMB 1.107 billion in the first half of 2019, driven by the reopening of Shanghai Xintiandi Plaza and strong rental growth in other properties[25]. Asset Management and Development - The company manages a total building area of 1.65 million square meters of office and commercial properties in Shanghai, making it one of the largest private commercial property owners and managers in the city[3]. - The total asset value of the Shanghai property portfolio reached approximately RMB 73 billion as of June 30, 2019, with the group's effective interest increasing from 47% to 57% after recent acquisitions[22]. - The company is committed to enhancing the value of existing and newly acquired assets while maintaining a prudent approach in response to market challenges[6]. - The company plans to enhance asset value based on the "New天地" and "INNO" brands, focusing on high-quality properties in prime locations[15]. - The company is expanding its property portfolio and improving asset management services to diversify income sources and enhance its market position[14]. - The company has a total of 8.6 million square meters of land reserve as of June 30, 2019, including 6.7 million square meters available for lease and sale[42]. Market Strategy and Focus - The company continues to focus on Shanghai as its most important market, leveraging its brand advantages and asset management experience to explore more commercial opportunities[9]. - The flagship project "Xintiandi" has been repositioned and upgraded, with the opening of "Xintiandi Plaza" on May 16, 2019, featuring 16 first-time tenants in mainland China and 11 first-time tenants in Shanghai, accounting for about 30% of the total tenants[10]. - The company aims to achieve a residential property sales target of RMB 10 billion despite ongoing government measures to control property prices[15]. - The company anticipates launching more residential property development projects in the second half of 2019 based on construction progress[35]. Financial Position and Liabilities - As of June 30, 2019, the net asset liability ratio slightly increased by 4 percentage points to 44%[8]. - The company's net debt as of June 30, 2019, was RMB 20.984 billion, up from RMB 18.877 billion at the end of 2018[71]. - The group had pledged assets totaling RMB 37.205 billion as of June 30, 2019, compared to RMB 37.036 billion on December 31, 2018, to secure borrowings of RMB 11.089 billion[73]. - The group aims to maintain a balance between the sustainability and flexibility of funds through a combination of internal resources, bank borrowings, and debt financing[75]. Shareholder Returns and Dividends - The company proposed an interim dividend of HKD 0.036 per share, consistent with the interim dividend from the first half of 2018[64]. - The company declared a dividend of HKD 0.084 per share for the year-end 2018, maintaining its commitment to shareholder returns[88]. - Basic earnings per share increased to RMB 16.4 cents, compared to RMB 15.2 cents for the same period last year[83]. Economic and Market Conditions - The GDP growth rate in Shanghai rose from 5.7% in Q1 2019 to 5.9% in the first half of 2019[48]. - The investment transaction volume in China's property market reached $24 billion in the first half of 2019, with Shanghai accounting for 45% of the total[47]. - The company noted a 50% share of overseas buyers in the property transaction volume during the first half of 2019[47]. Corporate Governance - The company has complied with all applicable provisions of the Corporate Governance Code during the six months ended June 30, 2019[183]. - The board consists of 9 members, including 3 executive directors, 1 non-executive director, and 5 independent non-executive directors[186]. - The roles of the Chairman and CEO are clearly separated, with Mr. Lo serving as Chairman and the Executive Committee handling management responsibilities[187].