智通财经APP讯，大唐集团控股(02117)发布公告，该公司当前正就2022年年度业绩及2023年中期业绩与核数师合作。由于2022年年度业绩及2023年中期业绩仍有待刊登，公司预计可能无法于2024年3月31日前完成必要程序，以落实其截至2023年12月31日止财政年度的经审核综合财务报表。因此，公司可能无法分别根据上市规则第13.49(1)及13.46(2)(a)条于2024年3月31日或之前刊发2023年年度业绩或于2024年4月30日或之前寄发2023年年报。 此外，公司股份继续停牌。 ...

Market Environment - In the first half of 2022, the sales of the top 100 real estate companies in China declined significantly year-on-year, indicating a challenging market environment[14] - The Group expects the real estate market in China to gradually recover in the second half of 2022 due to a series of government policies aimed at boosting the market[14] - The "Guaranteed Delivery" policy has become the top priority for the industry and enterprises in response to market challenges[14] - The Group has shifted its focus from expansion to contraction, reducing debt and shrinking balance sheets to cope with market difficulties[14] Operational Performance - The Group has implemented the "Precision Work 2.0" system, which includes over 3,000 quality checkpoints covering the full-cycle construction process[15] - In the first half of 2022, the Group completed the delivery of various projects on schedule, enhancing customer satisfaction through improved delivery experiences[15] - The Group aims to continuously improve operational quality and product quality, centering its strategy around customer value creation[14] - The Group has conducted various customer engagement activities, such as construction site open days and house inspections, to better understand customer needs[15] Financial Performance - The Group's revenue for the Period was approximately RMB2,338.7 million, a decrease of 29.3% from RMB3,306.5 million in the corresponding period last year[84] - Revenue from property sales amounted to approximately RMB2,223.3 million, representing a decrease of 24.5% and contributing 95.1% of total revenue recognized[84] - The Group's gross profit was approximately RMB517.1 million, a decrease of 49.5% from RMB1,023.9 million, with a gross profit margin of 22.1%, down from 31.0%[88] - The Group's profit for the Period decreased by 97.0% to approximately RMB6.6 million from RMB217.0 million in the previous year[96] - The net profit attributable to owners of the Company decreased by 79.1% to approximately RMB51.0 million from RMB244.4 million, primarily due to decreased sales revenue and gross profit margin[101] Project Development - As of June 30, 2022, the total GFA of the Group's land bank was approximately 22.31 million sq.m., including 0.75 million sq.m. of completed but undelivered properties and 21.40 million sq.m. of properties under development[22] - The total gross floor area (GFA) under development is 1,000,000 sq.m., with a significant portion allocated for residential projects[31] - The company has a diverse project pipeline, including commercial developments like Wuxiang BMA Center, which is expected to be completed in 2025[31] - The company is actively pursuing new strategies for market expansion, as evidenced by its ongoing and future project developments in Nanning[31] Debt and Financing - The Group's total indebtedness amounted to approximately RMB9,356.6 million as of June 30, 2022, down from RMB10,913.2 million as of December 31, 2021, representing a reduction of 14.3%[107] - The net gearing ratio increased to approximately 57.6% as of June 30, 2022, compared to 51.7% as of December 31, 2021[110] - The Group aims to enhance the efficiency of capital utilization and optimize the liability structure through diversified financing channels[20] - The Group will seek new debt financing and bank borrowings at acceptable costs to settle existing financial obligations and future operating costs[187] Shareholding and Corporate Structure - As of June 30, 2022, the Company issued a total of 1,363,544,000 shares[142] - Mr. WU Di holds 407,789,564 shares, representing approximately 29.90% of the total shareholding[136] - Ms. WONG holds 582,210,436 shares, accounting for approximately 42.69% of the total shareholding[136] - The Group's ultimate holding company is Good First Holding Limited, incorporated in the British Virgin Islands[183] Employee and Operational Changes - As of June 30, 2022, the Group had a total of 2,023 employees, down from 2,709 employees as of December 31, 2021[150] - For the six months ended June 30, 2022, the staff cost recognized as expenses amounted to RMB 194.9 million[150] Future Outlook - The Group aims to achieve steady development by introducing strategic investors and enhancing its sales channels, in line with China's "14th Five-Year Plan" development strategy[122] - The Group expects positive impacts on home-buyer sentiment due to the gradual downward adjustment of mortgage interest rates and improved credit environment in the second half of 2022[121] - The Group anticipates proceeds from the disposal of certain buildings and investment properties to support its financial stability[192]

Awards and Recognition - The Group won the "Annual IPO with Most Brand Influence" award at the "Global Investor Carnival 2021" for its strong comprehensive strength and brand influence[16]. - The Group was recognized as the "ESG Leading Demonstration Enterprise in the Real Estate Industry in 2021" for its achievements in green construction and corporate governance[17]. - The Group received the title of "Most Stable Real Estate Company in China of 2021" due to its advantages in regional development and prudent investment[18]. - The Group was awarded "2021 Leading Enterprise in Brand Reputation of CNR" for its ability to break cycles and deep regional development efforts[22]. - The Group won two awards at the "2021 (4th) Leju Finance Annual Forum" for "Steady Operation Enterprise" and "Innovative Enterprise" in the real estate industry[23]. - The Group ranked among the "Top 10 Chinese Real Estate Development Enterprises in Fujian Province in 2021" according to a regional evaluation by Shanghai E-House Real Estate Research Institution[24]. Financial Performance - In 2021, the Group achieved revenue of approximately RMB11.25 billion, representing an increase of 6.3% compared to the previous year, with a gross profit margin of approximately 24.0%[43]. - The Group's net profit for 2021 was approximately RMB1.03 billion, reflecting an increase of 8% year-on-year, with net profit attributable to owners of the Company at approximately RMB726 million[43]. - For the year ended December 31, 2021, the Group's contracted sales reached approximately RMB50.58 billion, with an average sales price of RMB 10,255 per square meter[68]. - Revenue from property sales was approximately RMB10,653.1 million, an increase of 5.4%, contributing 94.7% of total revenue[118]. - The Group achieved rental income of approximately RMB91.1 million, a 61.5% increase compared to the previous year, mainly due to additional rent from commercial spaces in Nanning[115]. - Sales revenue from hotel operations was approximately RMB54.5 million, representing a 13.8% increase, attributed to improved performance of two hotels[116]. - Total revenue for the year ended December 31, 2021, was approximately RMB11,254.2 million, a 6.3% increase from RMB10,588.4 million in the previous year, driven by increased project deliveries[122]. - Gross profit for the year was approximately RMB2,699.2 million, a slight increase of 0.1% from RMB2,695.9 million, with a gross profit margin of 24.0% compared to 25.5% in the previous year[124]. Market Overview - The contracted sales of commercial housing in China for 2021 amounted to approximately RMB18.2 trillion, representing a year-on-year increase of 4.8%[41]. - The sales area of commercial housing in China was approximately 1.79 billion square meters in 2021, which is a year-on-year increase of 1.9%[41]. - The macroeconomic environment in 2021 saw China's GDP increase by 8.1% year-on-year, positioning it among the leading major economies globally[39]. - The real estate market in China showed resilience, with first- and second-tier cities experiencing active transactions and stable price increases[41]. - In 2021, the annual sales of commercial housing in China exceeded RMB18 trillion, indicating resilience in the real estate market despite significant challenges[59]. Land Acquisition and Development - The Group acquired land reserves totaling 6.08 million square meters during the reporting period, entering 3 new cities to expand its regional layout[45]. - As of December 31, 2021, the Group had a total of 146 real estate projects at different development stages, with a total gross floor area of approximately 23.71 million square meters[45]. - The Group acquired a total of 24 high-quality land parcels in 2021, with a total planned gross floor area (GFA) of 6.08 million sq.m[70]. - The Group's total GFA held for investment and development projects is approximately 22,826,738 square meters[109]. - The Group's land acquisition methods included public bidding, auctions, and joint ventures, reflecting a diversified approach to land procurement[70]. Strategic Initiatives - The Group aims to maintain at least two fulfillments of the "Three Red Lines" policy to optimize its liability structure and enhance capital utilization efficiency[64]. - The Group will continue to implement the strategy of "urban agglomeration layout" and focus on existing areas to consolidate its market position[50]. - The Group anticipates that proactive financial policies will be implemented in China to support stable economic development in 2022, despite potential global uncertainties[48]. - The Group's operational strategy includes improving cash flow management and enhancing the coordination of domestic and overseas funds[64]. - The Group plans to enhance its sales channels and seek strategic investors to ensure steady development and sustainable growth[53]. Project Completion and Delivery - The company reported a total of 95,227 units for the Chongqing Xiao Feng Jiang Nan project, with a completion year of 2023[81]. - The Guigang Dynasty Royalty project achieved a total of 191,686 units, with a completion year of 2022, reflecting a strong market presence[81]. - The Liuzhou Dynasty Mansion project is projected to complete in 2024 with 282,772 units, indicating a 51% completion rate[81]. - The Nanning Anji Dynasty Royalty Phase II project has a total of 59,710 units and is expected to complete in 2023, with a 55% completion rate[81]. - The Nanning Wuxiang Huguang Institution project is set to complete in 2024 with 328,390 units, showing a 20% completion rate[85]. - The Nanning Yango Dynasty Tanjing project is projected to complete in 2024 with 866,659 units, indicating a 41% completion rate[85]. - The company has a total of 376,204 units for the Jinjiu Royalty project, with a completion year of 2022, reflecting a 25% completion rate[85]. - The Nanning Shenghu Yuejing project has a total of 342,918 units, with a completion year of 2022, indicating a 26% completion rate[85]. - The Nanning Dynasty Tiancheng Phase III project has a total of 181,094 units, with a 100% completion rate expected in 2022[81]. Employee and Operational Insights - As of December 31, 2021, the Group had 2,709 employees, an increase from 2,592 employees in the previous year[176]. - Staff costs for the year ended December 31, 2021, amounted to RMB490.4 million, up from RMB425.4 million in 2020[176]. - The Group has established a comprehensive management system with over 3,000 quality checkpoints covering the full-cycle construction process[60]. Governance and Compliance - The Group has complied with all applicable code provisions set out in the Corporate Governance Code for the year ended 31 December 2021[186]. - The Company has adopted the Model Code for Securities Transactions by Directors, ensuring compliance by all Directors for the year ended December 31, 2021[189]. - The annual general meeting is proposed to be held on June 13, 2022, to discuss shareholder interests[187].

Economic Overview - In the first half of 2021, China's GDP increased by 12.7% year-on-year, indicating a steady economic recovery[12]. - Commercial housing sales in China reached approximately RMB 9.3 trillion, with a sales area of about 890 million sq.m., representing increases of 38.9% and 27.7% year-on-year, respectively[13]. - The overall property market transactions remained at historically high levels in the first half of 2021, showcasing resilience amid external uncertainties[12]. - Urban differentiation in the property market continues to intensify, affecting sales dynamics across different city tiers[13]. Real Estate Market Trends - The average land price in China rose to RMB 3,457 per sq.m., reflecting a 29% year-on-year increase, despite a 14% decrease in the total construction area of commercial land traded[14]. - The transaction volume in first-tier cities increased, while second- and third-tier cities saw decreases of 1% and 19% year-on-year, respectively[14]. - The land market and residential market are expected to stabilize in the second half of 2021, although financial challenges for real estate corporations may increase due to regulatory constraints[15]. - The "Two Concentration" policy has marked a turning point in the land market, leading to a rise in transaction prices despite a decrease in volume[14]. Company Performance - The Group achieved contracted sales of approximately RMB25.51 billion, with a contracted sales area of about 2.491 million sq.m., and an average price of approximately RMB10,240 per sq.m.[19]. - The Group's revenue for the first half of 2021 was approximately RMB3.31 billion, representing a period-on-period increase of approximately 85.2%, while gross profit reached approximately RMB1.02 billion, an increase of approximately 145.9% year-on-year[19]. - The Group's profit increased by 141.2% to approximately RMB217.0 million, with net profit attributable to owners rising by 234.8% to approximately RMB244.4 million[61]. - The Group recorded rental income of approximately RMB 56.1 million, representing an increase of 157.8% compared to the same period in 2020[47]. Financial Position - As of June 30, 2021, the Group's net debt ratio was 47.7%, with cash on hand amounting to RMB7.98 billion, indicating a healthy financial position[19]. - Total borrowings amounted to approximately RMB12.43 billion, up 20.5% from RMB10.31 billion as of December 31, 2020, with interest-bearing borrowings at approximately RMB10.50 billion[2]. - The Group's current ratio was approximately 1.21 times as of June 30, 2021, down from 1.28 times as of December 31, 2020[3]. - The debt-to-asset ratio excluding advances from customers was approximately 78.2% as of June 30, 2021, compared to 77.7% as of December 31, 2020[3]. Project Development - The Group acquired 19 high-quality land parcels with a total planned GFA of approximately 2.93 million sq.m., maintaining steady growth in its land bank[26]. - The total GFA of the Group's land bank as of June 30, 2021, was approximately 22.00 million sq.m., including 20.99 million sq.m. under development and 0.85 million sq.m. completed but undelivered[26]. - The company has several ongoing projects with a total Gross Floor Area (GFA) under development of 2,000,000 sq.m. across various cities[33]. - The company is expanding its market presence with multiple projects across various cities, indicating a strategic focus on growth and development in the real estate sector[33]. Financial Management - The Group's financial risk management program focuses on minimizing potential adverse effects on financial performance due to market unpredictability[184]. - Management aims to maintain sufficient cash and equivalents or available funding through pre-sale of properties, borrowings, and funding from shareholders[184]. - The Group has alternative plans to mitigate potential impacts on anticipated cash flows in case of significant adverse changes in the economic environment[184]. - The Group's financial risk management objectives and policies are consistent with those disclosed in the 2020 Financial Statements[184]. Corporate Governance - The Audit Committee reviewed the unaudited interim financial information for the six months ended June 30, 2021, ensuring compliance with relevant accounting standards[129]. - The independent auditor, PricewaterhouseCoopers, confirmed that the interim financial information was prepared in accordance with Hong Kong Accounting Standard 34[146]. - The Company has complied with all applicable code provisions under the Corporate Governance Code during the period[130]. - The Company confirmed compliance with the Model Code for securities transactions by Directors during the period[131].

Company Recognition and Awards - Datang Real Estate was recognized as one of the Top 100 Real Estate Developers in China and ranked 10th for Stable Operation in 2020[13] - Datang Real Estate ranked 8th among the "Eastern China Top 10 Real Estate Developers in 2020 in terms of Brand Value" according to the appraisal results[13] - Datang Real Estate received the "Real Estate Outstanding Award 2020" at the Boao Real Estate Forum, reflecting its strong corporate brand recognition[14] - Datang Real Estate was awarded "2020 China's Most Potential Valuable Real Estate Developers" based on land reserve modeling and sales area growth analysis[21] - The Group received multiple awards, including the "Annual Valuable Real Estate Enterprise" and "Most Potential Real Estate Enterprises of China" for 2020[23][24] Financial Performance - The Group recognized sales revenue of RMB 10.6 billion for the year, representing a significant increase of 30.6% compared to the previous year[42] - The net profit for the year was RMB 0.95 billion, reflecting an increase of 51.4% year-on-year, with net profit attributable to owners of the Company at RMB 0.715 billion[42] - For the year ended December 31, 2020, the Group's total revenue was approximately RMB 10,588.4 million, a 30.6% increase from RMB 8,108.0 million in the previous year[121] - Revenue from property sales amounted to approximately RMB 10,109.3 million, representing a 30.1% increase and contributing 95.5% of total revenue recognized[121] - The Group's cost of sales for the year was approximately RMB 7,892.5 million, primarily due to an increased number of projects delivered during the year[124] - Gross profit was approximately RMB 2,695.9 million, reflecting a 23.4% increase from RMB 2,185.4 million in the previous year, with a gross profit margin of 25.5%[124] - Selling and marketing costs amounted to approximately RMB 482.7 million, an increase of 8.7% from RMB 444.2 million, driven by the launch of new property projects for presale[125] - The Group's profit before tax increased by 21.9% to approximately RMB1,715.7 million for the year ended 31 December 2020 from approximately RMB1,407.9 million for the corresponding period last year[143] - The Group's net profit increased by 51.4% to approximately RMB949.9 million for the year ended 31 December 2020 from approximately RMB627.4 million for the corresponding period of 2019[143] Land Acquisition and Development - The total land reserves acquired during the year amounted to 8.39 million sq.m., with 14 new cities entered, including 1.69 million sq.m. in the Yangtze River Delta, accounting for 20% of the new land bank[43] - The total GFA of the Group's land reserves as of December 31, 2020, was approximately 20.44 million sq.m., across 123 projects in six major economic zones[46] - The Group was ranked 73rd in the 2020 Top 200 Sales Ranking of Chinese Real Estate Enterprises by CRIC Research Institute[46] - The total GFA of properties under development was 18.93 million square meters, indicating significant future growth potential[79] - The Group aims to establish itself as a national comprehensive real estate company through strategic initiatives[71] - The Group's strategic focus on the Yangtze River Delta region is expected to drive future performance and market expansion[71] Corporate Strategy and Governance - The Group's strategy focuses on urban agglomeration layout and deep cultivation of metropolitan areas, emphasizing cash flow indicators in investment decisions[43] - The Group plans to adhere to a customer-focused, high-quality, and large-scale development theme, driven by platform strategy and product power improvement for future growth[54] - The Group intends to maintain high transparency and good corporate governance to enhance competitiveness and achieve leapfrog development through strategic investments[57][58] - The Group has complied with all applicable code provisions under the Corporate Governance Code from the Listing Date to December 31, 2020[177] - The Company has established an audit committee to oversee financial reporting and risk management[184] Market Trends and Economic Environment - The overall sales of commercial properties in China exceeded RMB 17 trillion for the year, marking an 8.7% year-on-year increase[40] - The macroeconomic environment in China showed a "V"-shaped recovery with a GDP growth rate of 2.3% year-on-year, making it the only major economy to achieve positive growth in 2020[37] - In 2020, the total sales value of commercial housing in China was approximately RMB17.4 trillion, with a sales area of approximately 1.76 billion sq.m., representing increases of 8.7% and 2.6% respectively compared to the previous year[65][67] COVID-19 Response - The management does not foresee significant disruption in business operations due to COVID-19 going forward, indicating a stable outlook[64][66] - The Group donated a total of 430,000 materials to 25 medical institutions and government departments across 14 cities during the pandemic, contributing to effective epidemic control[53] Employee and Corporate Structure - The Group had a total of 2,592 employees as of December 31, 2020, with remuneration based on market levels and individual performance[162] - The Group did not engage in any material acquisitions or disposals of subsidiaries, associates, or joint ventures for the year ended December 31, 2020[162] Stock Market and IPO - In December 2020, the Company successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited, raising approximately HK$1.49 billion (equivalent to approximately RMB1.26 billion)[49][50] - The net proceeds from the global offering amounted to approximately HK$1.49 billion, with the balance applied according to the proposed applications disclosed in the prospectus dated November 27, 2020[163] - The partial exercise of the over-allotment option on January 6, 2021, resulted in the issuance of 30,144,000 additional shares at HK$4.56 per share, generating net proceeds of approximately HK$135.4 million[167] Future Outlook - The Group aims to expand into cities with high-quality strategic opportunities and enhance its market position through open cooperation and resource gathering[54][55] - The Group will actively promote the construction of its headquarters in Shanghai to create a more open platform and improve its brand image nationally[54]