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告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份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。 （於開曼群島註冊成立的有限公司） 雅居樂集團控股有限公司 （股份代號：3383） 2023年年報之補充公告 茲提述雅居樂集團控股有限公司（「本公司」）於2024年4月25日刊發之截至2023年12 月31日止年度的年報（「2023年年報」）。除另有指明外，本公告所用詞彙與2023年年 報所界定者具有相同涵義。本公告提供2023年年報之補充資料。 關於2023年年報第92頁「關連方交易」一節，董事會謹此提供以下補充資料： 「綜合財務報表附註45所載若干關連方交易均為獲全面豁免遵守上市規則第十四A 章項下之申報、公告、股東批准及年度審閱規定的關連交易或持續關連交易。除上 文所披露者外，誠如綜合財務報表附註45所載，據董事所知，年內概無其他關連方 交易構成須遵守上市規則第十四A章項下申報規定的關連交易或持續關連交易。本 公司確認已遵守上市規則第十四A章項下有關上述關連交易及持續關連交易的規 定。」 除本公告所 ...

Financial Performance - The total revenue for the year ended December 31, 2023, was RMB 43.31 billion, a decrease of 19.8% compared to RMB 54.03 billion in 2022[4]. - The gross loss for the year was RMB 0.524 billion, with a gross loss margin of -1.2%, down from a gross profit of RMB 1.001 billion and a margin of 1.9% in the previous year[4]. - The net loss for the year was RMB 12.777 billion, a slight improvement of 4.5% from a net loss of RMB 13.373 billion in 2022[4]. - The company's equity attributable to shareholders decreased by 32.2% to RMB 27.442 billion from RMB 40.446 billion in 2022[5]. - The total assets as of December 31, 2023, were RMB 241.808 billion, down 11.5% from RMB 273.382 billion in 2022[5]. - The return on equity for the year was -50.3%, compared to -37.0% in the previous year, reflecting a decline of 13.3 percentage points[5]. - The operating loss for the year was RMB 9.56 billion, an increase of 46.7% from RMB 6.51 billion in 2022[45]. - The financial expenses net amount was RMB 851 million, a decrease of 72.6% from RMB 3.10 billion in 2022[58]. - The loss attributable to shareholders was RMB 13.80 billion, a decrease of 7.9% from RMB 14.98 billion in 2022[60]. Revenue Breakdown - The company reported property development sales revenue of RMB 23.598 billion and diversified business revenue of RMB 19.712 billion, with respective contributions of 54.5% and 45.5% to total revenue[25]. - The revenue from property development and diversified businesses accounted for 54.5% and 45.5% respectively, with the share of diversified business revenue increasing by 5.6 percentage points compared to the previous year[30]. - The property development revenue was RMB 23.60 billion, down 27.3% from RMB 32.46 billion in 2022, with a total sales area of 2.13 million square meters, a decline of 35.6%[47]. - The property management revenue increased by 6.2% to RMB 14.53 billion from RMB 13.68 billion in 2022, with a total managed area of 590.5 million square meters, an increase of 8.2%[48]. Debt and Cash Management - The company’s cash and cash equivalents increased by 2.1% to RMB 8.637 billion from RMB 8.463 billion in 2022[5]. - The company’s net debt to total equity ratio increased to 65.8% from 57.3% in the previous year, indicating a rise of 8.5 percentage points[5]. - The net debt ratio as of December 31, 2023, was 65.8%, with total cash and bank deposits amounting to RMB 12.553 billion[38]. - The group's total borrowings as of December 31, 2023, were RMB 53.554 billion, down from RMB 59.486 billion as of December 31, 2022[63]. - The total borrowing cost for the group in 2023 was RMB 4.531 billion, a 1.5% increase from RMB 4.464 billion in 2022, with an actual borrowing rate of 7.61% compared to 6.03% in 2022[67]. Land Reserves and Development Projects - As of December 31, 2023, the company holds land reserves of approximately 33.35 million square meters across 79 cities, with 21.4% of this in the Greater Bay Area and 9.9% in the Yangtze River Delta[29]. - The total pre-sale amount for real estate projects managed under the "Aoyuan" brand reached RMB 45.3 billion, corresponding to a cumulative pre-sale area of 3.039 million square meters and an average pre-sale price of RMB 14,904 per square meter[27]. - The group holds land reserves of approximately 33.35 million square meters across 79 cities, with an average land cost of RMB 3,030 per square meter[46]. - The company has a total of 180 projects with an estimated total construction area of 83,085,973 square meters and land reserves of 33,351,916 square meters[110]. Strategic Initiatives and Future Outlook - The company aims to enhance its brand recognition across China while maintaining its commitment to corporate social responsibility[24]. - The company plans to continue its operational model focused on real estate while expanding its brand recognition nationally and maintaining its market position[42]. - The outlook for 2024 anticipates economic recovery in China supported by government stimulus policies, while monitoring global economic factors such as U.S. interest rate changes and inflation[89]. - The company is committed to social responsibility and charity initiatives as part of its operational strategy[90]. - The company is focusing on strategic expansions and new developments to enhance its market presence in southern China[118]. Corporate Governance and Management - The company has fully complied with all provisions of the corporate governance code for the year ending December 31, 2023, except for a deviation from provision C.2.1 regarding the separation of the roles of chairman and CEO[183]. - The board consists of 9 members, including 3 executive directors, 2 non-executive directors, and 4 independent non-executive directors[187]. - The company emphasizes the importance of independent directors with extensive experience in finance and management to enhance corporate governance[168]. - The leadership team is well-qualified, with members holding advanced degrees and professional certifications in their respective fields[171][175]. - The company has a strong commitment to maintaining high levels of corporate governance, emphasizing integrity, transparency, accountability, and independence[181].

Financial Performance - The company's revenue for the year ended December 31, 2023, was RMB 43.31 billion, a decrease from RMB 54.03 billion in 2022[2]. - The net loss for the year was RMB 12.78 billion, compared to a net loss of RMB 13.37 billion in the previous year[2]. - The company reported a total revenue of RMB 43,310,454 thousand for the year ending December 31, 2023, a decrease from RMB 54,034,327 thousand in 2022, representing a decline of approximately 19.8%[19]. - The net loss attributable to shareholders for the year was RMB 12,776,851 thousand, compared to a loss of RMB 13,373,285 thousand in the previous year, indicating a slight improvement[20]. - The operating loss for the year was RMB 9.555 billion, an increase of 46.7% from RMB 6.513 billion in 2022[62]. - The group recorded a significant operating loss of RMB 11,850,602 thousand for the year, with the property development division alone incurring a loss of RMB 7,169,724 thousand[32]. - The total revenue from external customers was RMB 43,310,454 thousand, showing a decline compared to the previous year’s performance[32]. - The total confirmed sales revenue from property development was RMB 23.598 billion, down 27.3% from RMB 32.456 billion in 2022[63]. - The total area of confirmed sales was 2.13 million square meters, a decrease of 35.6% from 3.31 million square meters in 2022[63]. - The group reported a gross loss of RMB 524 million, a decrease of 152.4% compared to a gross profit of RMB 1 billion in 2022, with a gross loss margin of 1.2%[66]. Assets and Liabilities - Total assets decreased to RMB 241,808,152 thousand as of December 31, 2023, down from RMB 273,382,215 thousand in 2022, reflecting a reduction of about 11.5%[21]. - The company’s total liabilities decreased to RMB 179,451,341 thousand from RMB 197,655,352 thousand, a reduction of about 9.2%[22]. - The company’s total equity decreased to RMB 62,356,811 thousand from RMB 75,726,863 thousand, a decline of approximately 17.7%[23]. - The group’s total trade and other payables decreased to RMB 58.507 billion from RMB 65.657 billion in 2022[10]. - The group’s net current assets were RMB 7,655,492,000, indicating liquidity concerns[27]. - The total borrowings amounted to RMB 53.55 billion as of December 31, 2023, a decrease from RMB 58.99 billion in 2022[73]. Cash Flow and Financing - The total cash and bank deposits amounted to RMB 12.55 billion as of December 31, 2023[3]. - Cash and bank balances, including restricted cash, amounted to RMB 12,553,455,000, while short-term borrowings were RMB 25,869,427,000[27]. - The group successfully extended the repayment of borrowings amounting to approximately RMB 7,498,214,000[27]. - The company plans to accelerate property pre-sales to enhance cash flow from sales proceeds[28]. - The group reported a net financial expense of RMB 851,197 thousand in 2023, significantly lower than RMB 3,101,837 thousand in 2022, marking a decrease of approximately 72.5%[45]. - The total borrowing cost for 2023 was RMB 4.531 billion, an increase of 1.5% from RMB 4.464 billion in 2022, primarily due to higher actual borrowing rates in 2023[77]. - The actual borrowing rate for the year was 7.61%, compared to 6.03% in 2022[77]. Business Operations - The total presale amount reached RMB 45.30 billion, corresponding to a cumulative presale area of 3.039 million square meters, with an average presale price of RMB 14,904 per square meter[3]. - The company delivered over 72,000 units across 120 projects in 60 cities during the year[7]. - The revenue from property development and diversified businesses accounted for 54.5% and 45.5% of total revenue, respectively, with the share of diversified business revenue increasing by 5.6 percentage points year-on-year[5]. - The company continues to focus on the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta for future development[8]. - The company has three ongoing development projects overseas, including one in Malaysia and two in Cambodia and the United States[8]. Market and Economic Outlook - The company anticipates continued economic recovery in 2024, supported by government policies aimed at stabilizing the real estate market[90]. - The real estate sector continues to face a downward trend due to insufficient demand, despite government stimulus measures[27]. - The company is considering selling non-core properties and businesses to generate additional cash flow[27]. - The group will adhere to its operational model of "focusing on real estate while developing diversified businesses" to further enhance brand awareness[18]. Corporate Governance and Compliance - The company has adopted its own code of conduct for directors' securities trading, confirming compliance as of December 31, 2023[96]. - The company has adhered to all provisions of the Corporate Governance Code as of December 31, 2023, with the exception of certain deviations explained in the report[97]. - The board of directors consists of nine members, including the Chairman and CEO, ensuring a unified leadership for the company's development[100]. - The financial data for the year ending December 31, 2023, has been agreed upon by the auditors, confirming the accuracy of the reported figures[100].

Financial Performance - The company's revenue for the six months ended June 30, 2023, was RMB 20,002 million, a decrease of 36.8% compared to RMB 31,645 million in 2022[11]. - Gross profit for the same period was RMB 2,007 million, down 72.9% from RMB 7,398 million, resulting in a gross margin of 10.0%, a decline of 13.4 percentage points[11]. - The company reported a net loss of RMB 3,611 million for the period, compared to a profit of RMB 3,354 million in the previous year, representing a decrease of 207.7%[11]. - Loss attributable to shareholders was RMB 4,475 million, a significant drop from a profit of RMB 2,401 million in 2022, marking a decline of 286.4%[11]. - Basic loss per share was RMB 0.963, compared to earnings of RMB 0.618 per share in the prior year, reflecting a decrease of 255.8%[11]. - The group reported a loss attributable to shareholders of RMB 4.475 billion, reflecting a significant financial challenge[14]. - The operating loss for the group was RMB 1.568 billion, a decline of 120.0% from an operating profit of RMB 7.839 billion in the same period of 2022[33]. - The group’s gross profit was RMB 2.007 billion, a decline of 72.9% from RMB 7.398 billion in the same period of 2022, with a gross margin of 10.0%, down 13.4 percentage points[43]. - The company reported a total comprehensive loss of RMB 4,449,400,000 for the six months ended June 30, 2023, compared to a profit of RMB 3,354,066,000 for the same period in 2022[85]. Operational Strategies - The company is focusing on new product development and technology innovation to enhance market competitiveness[3]. - Future outlook includes strategic market expansion and potential mergers and acquisitions to drive growth[3]. - The management emphasized the importance of risk management and governance in navigating current market challenges[4]. - The company plans to improve operational efficiency to recover from the current financial downturn[3]. - Continued investment in customer data analytics is expected to enhance user engagement and retention strategies[3]. - The company aims to enhance its brand recognition nationwide and maintain its market position amid intense competition[75]. - The company remains committed to its operational model of focusing on real estate while developing diversified businesses[75]. Assets and Liabilities - The total assets decreased by 3.9% from RMB 273.382 billion in 2022 to RMB 262.787 billion in 2023[12]. - The total liabilities as of June 30, 2023, were RMB 190,900,905 thousand, down from RMB 197,655,352 thousand at the end of 2022[81]. - As of June 30, 2023, the total equity of the company was RMB 71,886,210,000, a decrease from RMB 75,726,863,000 as of January 1, 2023, reflecting a loss of RMB 3,610,924,000 during the period[84]. - The company has a net current asset value of RMB 21,936,964,000, indicating a strong liquidity position[95]. - The company’s total borrowings amounted to RMB 57.57 billion as of June 30, 2023, with bank borrowings at RMB 34.58 billion and other borrowings at RMB 2.53 billion[54]. - The debt-to-equity ratio was 58.7% as of June 30, 2023, compared to 57.3% at the end of 2022[58]. Cash Flow and Financing - The company’s cash flow statement for the six months ended June 30, 2023, indicates significant cash movements, although specific figures were not detailed in the provided content[86]. - Operating cash flow for the six months ended June 30, 2023, was RMB 9,441,348,000, an increase of 16.3% from RMB 8,111,765,000 in 2022[87]. - Net cash generated from operating activities was RMB 5,507,344,000, up 27.8% from RMB 4,308,855,000 in the previous year[87]. - Net cash used in investing activities was RMB 1,614,186,000, a significant decrease from RMB 7,811,933,000 in 2022[88]. - Net cash flow from financing activities was RMB (5,320,768,000), compared to RMB (22,019,233,000) in the same period last year, indicating improved cash management[88]. Employee and Compensation - The total salary cost for the group for the six months ended June 30, 2023, was RMB 3.587 billion, compared to RMB 3.876 billion for the same period in 2022[72]. - The group had a total of 101,907 employees as of June 30, 2023, with a total compensation cost of RMB 3.587 billion for the first half of the year[72]. Real Estate and Development - The pre-sale amount for real estate projects managed under the "Aoyuan" brand reached RMB 28.23 billion, corresponding to a total pre-sale area of 1.891 million square meters, with an average pre-sale price of RMB 14,930 per square meter[17]. - The group had a total land reserve of approximately 38.64 million square meters across 79 cities, with an average land cost of RMB 3,200 per square meter[37]. - Property development revenue was RMB 11.732 billion, down 50.7% from RMB 23.776 billion in the same period of 2022, with total sales area confirmed at 760,000 square meters, a decrease of 52.5%[38]. - The average cost per square meter for confirmed sales increased by 29.8% to RMB 14,625, compared to RMB 11,268 in the same period of 2022[42]. Financial Management - The company reported a fair value loss on financial assets/liabilities of RMB 670,380,000 for the first half of 2023, compared to a gain of RMB (962,522,000) in the same period of 2022[123]. - The company recognized impairment losses on trade receivables and contract assets totaling RMB 316,996,000 for the first half of 2023, slightly up from RMB 298,070,000 in the same period of 2022[123]. - The company incurred a corporate income tax expense of RMB 1,184,529,000 for the first half of 2023, significantly lower than RMB 2,533,631,000 in the same period of 2022, representing a decrease of approximately 53.3%[126]. Guarantees and Commitments - As of June 30, 2023, the total guarantees provided by the company amounted to RMB 51,897,428,000, a decrease of 12.7% from RMB 59,426,017,000 as of December 31, 2022[193]. - The company has committed but unprovided amounts for property development activities reached RMB 16,562,917,000, an increase of 52.5% from RMB 10,873,280,000 as of December 31, 2022[194].

Financial Performance - The company's revenue for the six months ended June 30, 2023, was RMB 20.002 billion, a decrease of 36.9% compared to RMB 31.645 billion for the same period in 2022[2]. - Gross profit for the same period was RMB 2.007 billion, resulting in a gross margin of 10%[5]. - The company reported a loss of RMB 3.611 billion, compared to a profit of RMB 3.354 billion in the previous year[2]. - For the six months ended June 30, 2023, the company reported a revenue of RMB 20,001,877 thousand, a decrease from RMB 31,644,691 thousand in the same period of 2022, representing a decline of approximately 36.9%[17]. - The gross profit for the same period was RMB 2,006,863 thousand, down from RMB 7,398,467 thousand in 2022, indicating a decrease of about 72.9%[17]. - The net loss for the period was RMB 3,610,924 thousand, compared to a profit of RMB 3,354,066 thousand in the prior year, marking a significant shift in performance[18]. - The operating loss for the same period was RMB 1.568 billion, a decline of 120.0% from an operating profit of RMB 7.839 billion in 2022[48]. - The net loss attributable to shareholders was RMB 4.475 billion, a decline of 286.4% compared to a profit of RMB 2.401 billion in the same period of 2022[58]. Sales and Revenue Breakdown - The total presale amount reached RMB 28.23 billion, with a total presale area of 1.891 million square meters and an average presale price of RMB 14,930 per square meter[3]. - Revenue from property sales and construction services for the six months ended June 30, 2023, was RMB 11,731,984 thousand, down from RMB 23,776,170 thousand in 2022, indicating a decrease of about 50%[35]. - The group's property development recognized sales revenue was RMB 11.732 billion, a decrease of 50.7% compared to RMB 23.776 billion in the same period of 2022[49]. - Property management revenue increased to RMB 7.062 billion, up 7.4% from RMB 6.573 billion in the same period of 2022, with total managed area reaching 575.4 million square meters, an increase of 8.9%[50]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 262,787,115 thousand, a decrease from RMB 273,382,215 thousand at the end of 2022, reflecting a reduction of approximately 3.5%[20]. - The total liabilities decreased to RMB 190,900,905 thousand from RMB 197,655,352 thousand, indicating a reduction of approximately 3.9%[20]. - The company's cash and cash equivalents stood at RMB 7,029,557 thousand, down from RMB 8,463,079 thousand at the end of 2022, representing a decline of about 16.9%[20]. - The total trade receivables amounted to RMB 12.084 billion as of June 30, 2023, down from RMB 12.898 billion as of December 31, 2022[45]. - The total trade and other payables were RMB 59.268 billion as of June 30, 2023, compared to RMB 65.657 billion as of December 31, 2022[46]. Debt and Financing - The company's net debt ratio was 58.7%, an increase of 1.4 percentage points from December 31, 2022[3]. - The company aims to optimize its financing structure, having secured refinancing of approximately HKD 2.308 billion and USD 36.9 million in March 2023, and HKD 5.257 billion and USD 47.2 million in May 2023[13]. - The total borrowings of the group amounted to RMB 57.568 billion as of June 30, 2023, including bank loans and other borrowings of RMB 34.578 billion, preferred notes of RMB 12.562 billion, and various bonds totaling RMB 10.411 billion[60]. - The debt ratio as of June 30, 2023, was 58.7%, up from 57.3% on December 31, 2022, calculated based on net borrowings divided by total equity[62]. Strategic Focus and Market Outlook - The company continues to focus on the Greater Bay Area and Yangtze River Delta for future development, with land reserves in these regions accounting for 26.0% and 10.8% of total reserves, respectively[8]. - The company is actively pursuing a cautious and proactive development strategy, emphasizing the Chinese real estate market while also exploring overseas opportunities[8]. - The company anticipates a recovery in the Chinese economy in the second half of 2023, driven by improved market conditions and government policy adjustments[15]. - The outlook for the second half of 2023 anticipates continued economic recovery in China, with expectations for expansionary growth as the impact of the pandemic recedes[74]. Corporate Governance and Social Responsibility - The company emphasizes a commitment to corporate social responsibility and sustainable development through various community and environmental initiatives[14]. - The company has adhered to all provisions of the corporate governance code, except for the requirement that the roles of the chairman and CEO should be separate[77]. - The company received recognition as one of the "Top 50 Environmental Enterprises in China" and won the "Hazardous Waste Treatment Investment Operation Annual Benchmark" award from the E20 Environmental Platform[11]. Shareholder Information - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2023, compared to no dividend in 2022[75]. - The company aims to utilize the net proceeds from the share placements for debt repayment, refinancing existing debts, and general corporate purposes[69].

Financial Performance - The total revenue for 2022 was RMB 54,034 million, a decrease of 26.0% compared to RMB 73,028 million in 2021[4] - Gross profit for 2022 was RMB 1,001 million, down 94.7% from RMB 19,021 million in 2021, resulting in a gross margin of 1.9%[4] - The net loss for 2022 was RMB 13,373 million, a significant decline from a profit of RMB 9,098 million in 2021, reflecting a net loss margin of 24.7%[4] - The operating loss for the group was RMB 6.513 billion, a decline of 137.2% from an operating profit of RMB 17.517 billion in 2021[63] - The net loss for the year was RMB 13.373 billion, a decrease of 247.0% compared to a net profit of RMB 9.098 billion in 2021[64] - The loss attributable to shareholders was RMB 14.981 billion, a decline of 323.2% from a profit of RMB 6.712 billion in 2021[65] - Other income and net gains for the year were RMB 2.270 billion, a decrease of 66.1% from RMB 6.696 billion in 2021, primarily due to reduced sales and marketing costs[75] - Administrative expenses increased by 7.5% to RMB 4.305 billion from RMB 4.004 billion in 2021, largely due to significant impairment losses totaling RMB 706 million compared to RMB 30 million in 2021[76] - Financial expenses net amounted to RMB 3.102 billion, an increase of 119.3% from RMB 1.414 billion in 2021, with equity method investment losses of RMB 757 million compared to a profit of RMB 794 million in 2021[80] Assets and Liabilities - Total assets decreased by 13.6% to RMB 273,382 million in 2022 from RMB 316,560 million in 2021[5] - Cash and cash equivalents dropped by 62.9% to RMB 8,463 million in 2022, compared to RMB 22,803 million in 2021[5] - Shareholders' equity fell by 25.4% to RMB 40,446 million in 2022 from RMB 54,239 million in 2021[5] - Total cash and bank deposits as of December 31, 2022, were RMB 16.091 billion, down from RMB 38.420 billion in 2021, with cash and cash equivalents at RMB 8.463 billion compared to RMB 22.803 billion in 2021[83] - Total borrowings as of December 31, 2022, were RMB 59.486 billion, down from RMB 83.874 billion in 2021, with bank borrowings at RMB 38.796 billion[84] - The debt ratio as of December 31, 2022, was 57.3%, an increase from 50.8% in 2021, calculated as net borrowings divided by total equity[88] Business Operations - The company aims to expand its brand recognition across China while maintaining its commitment to corporate social responsibility[41] - The strategic cooperation agreement signed with Agricultural Bank of China in November 2022 is expected to enhance financial support for future projects[27] - The company holds a land reserve with a total planned construction area of 40.16 million square meters as of December 31, 2022[2] - The pre-sale amount of real estate projects managed by the group was RMB 65.23 billion, corresponding to a total pre-sale area of 5.179 million square meters and an average pre-sale price of RMB 12,595 per square meter[46] - The group had a land reserve of approximately 40.16 million square meters across 80 cities, with 25.7% of this reserve located in the Greater Bay Area[47] - The proportion of diversified business income increased by 10.7 percentage points year-on-year, reaching 30.7% of total income[48] - The property management segment managed an area of approximately 545.8 million square meters, with a contract area of about 731.5 million square meters, where third-party projects accounted for 79.8% of the total contract area[51] - The environmental business achieved record high collection rates and exceeded annual revenue targets, earning recognition as one of the "Top 50 Environmental Enterprises in China"[52][53] Strategic Initiatives - The company raised approximately HKD 1.4 billion through the placement of 564 million shares and the sale of 97.6 million shares of its subsidiary, enhancing cash flow[54] - The group maintained a prudent financial strategy, demonstrating strong corporate credit and debt repayment capabilities[55] - The company is committed to developing its public welfare initiatives and fulfilling its corporate social responsibilities[119] - The company is focused on expanding its market presence and enhancing its project portfolio in key regions[139] - The company is actively developing new projects and technologies to drive future growth and market expansion[139] Market Outlook - The company anticipates a strong economic recovery in 2023, driven by the relaxation of pandemic policies and international reopening[119] - The company aims to maintain a competitive edge in the real estate market by continuously improving product planning and design, as well as providing quality sales and after-sales services[121] Corporate Governance - The company has a strong board composition with members having extensive experience in real estate, finance, and engineering, enhancing its strategic decision-making capabilities[186] - The company is committed to maintaining high standards of corporate governance through independent directors and specialized committees[190] - The diverse backgrounds of the board members contribute to a comprehensive understanding of market trends and strategic opportunities[191] Investor Relations - The company maintained high transparency by engaging with over 4,000 investors and analysts, with 16 investment banks and research institutions covering its stock as of December 31, 2022[175] - Approximately 300 investors participated in various online and offline communication activities organized by the management and investor relations team throughout the year[175] - The management team discussed industry trends and addressed investor inquiries regarding performance and development strategies during investor meetings[175]

Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 54.034 billion, a decrease from RMB 73.028 billion in 2021[2]. - The net loss attributable to shareholders for the year was RMB 14.981 billion, compared to a profit of RMB 6.712 billion in the previous year[2]. - The gross profit for the same period was RMB 1,000,983 thousand, significantly down from RMB 19,021,069 thousand in the previous year[17]. - The group reported a loss of RMB 13,373,285 thousand for the year ended December 31, 2022, compared to a profit of RMB 9,098,037 thousand in 2021[29]. - The operating loss for the year was RMB 6.513 billion, a decline of 137.2% from an operating profit of RMB 17.517 billion in 2021[48]. - The company's financial expenses for the year were RMB 1,414,437 thousand, reflecting the company's ongoing financial challenges[17]. - The net financial expenses for 2022 amounted to RMB 3,101,837,000, an increase of 119% compared to RMB 1,414,437,000 in 2021[36]. - The company's total liabilities as of December 31, 2022, were RMB 197,655,352 thousand, compared to RMB 227,128,462 thousand at the end of 2021[33]. Sales and Revenue Breakdown - The total confirmed sales revenue from property development was RMB 37.426 billion, down 35.9% from RMB 58.402 billion in 2021[50]. - Revenue from property sales and construction services was RMB 37,426,389 thousand in 2022, down 36% from RMB 58,402,353 thousand in 2021[26]. - Property management services revenue increased to RMB 13,682,837 thousand in 2022, up 21% from RMB 11,329,941 thousand in 2021[26]. - The net rental income from investment properties decreased to RMB 219,654 thousand in 2022 from RMB 263,443 thousand in 2021[26]. - The group's property management revenue increased by 20.8% to RMB 13.683 billion from RMB 11.330 billion in 2021[51]. Debt and Financial Position - The group's total borrowings decreased by RMB 24.388 billion compared to December 31, 2021[3]. - The net debt ratio was 57.3%, an increase of 6.5 percentage points from the previous year[3]. - The total borrowings of the group as of December 31, 2022, were RMB 59.486 billion, compared to RMB 54.049 billion in 2021[62]. - The total borrowing cost for 2022 was RMB 4.464 billion, a decrease of 34.7% from RMB 6.836 billion in 2021[66]. - The company's borrowings decreased from 54,293,548 to 35,458,984, reflecting a reduction of approximately 35%[21]. Assets and Reserves - The group's total land reserves amounted to approximately 40.16 million square meters across 80 cities, with an average land price of RMB 3,255 per square meter[3]. - Total assets decreased to RMB 273,382,215 thousand as of December 31, 2022, down from RMB 316,559,739 thousand in 2021[20]. - The net book value of investment properties as of December 31, 2022, was RMB 9,367,543,000, a decrease from RMB 11,514,964,000 in 2021[43]. Operational Highlights - The company successfully delivered approximately 60,000 residential units, corresponding to an area of about 5.2 million square meters[7]. - The company continues to focus on the Greater Bay Area and the Yangtze River Delta for land reserves and development projects[8]. - The company raised approximately HKD 14 billion from the sale of 564 million shares of a subsidiary, enhancing cash flow[12]. - The company has established a comprehensive product system, including the "5N" and "5S+" service standards, to enhance customer experience[14]. Corporate Governance and Social Responsibility - The company is committed to sustainable development through various community and environmental initiatives, reflecting its corporate social responsibility[14]. - The company aims to maintain a stable development in its real estate business while expanding its brand recognition across the country[15]. - The company is committed to developing charitable initiatives as part of its corporate social responsibility[15]. - The company fully complied with the Directors' Securities Trading Code for the year ended December 31, 2022[89]. - The company adhered to all provisions of the Corporate Governance Code, except for the separation of roles between the Chairman and the CEO, which is currently held by the same individual[90]. Future Outlook - The group expects a strong economic recovery in 2023 as China relaxes its pandemic policies and engages in comprehensive international trade[83]. - The group anticipates that the real estate market will recover and develop healthily, supported by government policies aimed at stabilizing land prices and housing prices[83].

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 31,645 million, a decrease of 18.0% compared to RMB 38,588 million in 2021[8]. - Gross profit for the same period was RMB 7,398 million, down 31.8% from RMB 10,849 million in 2021, resulting in a gross margin of 23.4%, a decline of 4.7 percentage points[8]. - Profit for the period was RMB 3,354 million, representing a decrease of 48.2% from RMB 6,471 million in 2021[8]. - Profit attributable to shareholders was RMB 2,401 million, down 54.6% from RMB 5,290 million in the previous year[8]. - Basic earnings per share for the period were RMB 0.618, a decline of 54.7% compared to RMB 1.363 in 2021[8]. - No interim dividend was declared for the current period, compared to 50.0 HK cents in 2021[8]. - The company reported a significant decrease in both revenue and profit, indicating challenges in the current market environment[8]. - Operating profit and net profit for the review period were RMB 7.839 billion and RMB 3.354 billion, respectively, representing declines of 36.8% and 48.2% from RMB 12.405 billion and RMB 6.471 billion in 2021[23]. - The company’s total comprehensive income for the period was RMB 3,366,485, down from RMB 6,283,191 in 2021, indicating a decline of 46.4%[60]. Market and Strategic Focus - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[8]. - The financial results reflect the impact of market conditions and strategic adjustments being made by the company[8]. - The company aims to leverage its existing assets and capabilities to drive growth in the upcoming periods[8]. - The company expects to continue focusing on a multi-business collaborative development model, enhancing brand recognition across the country amid a competitive market[54]. - The company plans to address liquidity issues in the real estate sector through policy adjustments related to financing and mortgage loans[54]. - The company will continue to monitor the impact of external factors such as the pandemic, interest rate hikes, and inflation on the global economy[54]. Assets and Liabilities - The group’s total assets decreased by 5.3% to RMB 299.811 billion, while cash and cash equivalents fell by 43.4% to RMB 12.906 billion[9]. - The total borrowings to total assets ratio improved to 6.8%, down 5.6 percentage points from the previous period[9]. - The net debt to total equity ratio decreased to 23.4%, a reduction of 3.1 percentage points[9]. - The group held land reserves totaling 43.49 million square meters across 81 cities, with an average land cost of RMB 3,534 per square meter[25]. - The total liabilities decreased to RMB 208,131,574 from RMB 227,128,462 at the end of 2021, reflecting a reduction of 8.4%[58]. - The company’s total liabilities as of June 30, 2022, were not explicitly stated but are implied to be managed under the constraints of the cash and cash equivalents reported[126]. Cash Flow and Financing - Cash generated from operating activities for 2022 was RMB 8,111,765 thousand, an increase from RMB 7,677,578 thousand in 2021, representing a growth of approximately 5.6%[67]. - Net cash from operating activities reached RMB 4,308,855 thousand in 2022, a significant increase from RMB 827,377 thousand in 2021[67]. - Cash flow from financing activities showed a net outflow of RMB 22,019,233 thousand in 2022, contrasting with a net inflow of RMB 13,644,471 thousand in 2021[68]. - The company has secured approximately RMB 800 million in loans from banks and third-party lenders post June 30, 2022, to support its financial obligations and operational expenditures[72]. - The company reported a significant reduction in paid interest, decreasing from RMB 2,681,666 thousand in 2021 to RMB 1,933,822 thousand in 2022[67]. Sales and Revenue Breakdown - The pre-sale amount for real estate projects totaled RMB 39.45 billion, with a cumulative pre-sale area of 3.07 million square meters and an average pre-sale price of RMB 12,848 per square meter[14]. - Property development sales amounted to RMB 23.776 billion, a decrease of 25.9% from RMB 32.092 billion in 2021, with a total sales area of 1.61 million square meters, down 18.8%[26]. - The average selling price per square meter decreased by 8.8% to RMB 14,804 from RMB 16,227 in the first half of 2021[26]. - The income from property management and other businesses increased by 31.7% year-on-year, while the share of diversified business income rose by 8.1 percentage points compared to the same period last year[16]. Employee and Management Costs - The company has a total of 94,602 employees as of June 30, 2022, with employee benefit expenses amounting to RMB 3.876 billion, compared to RMB 3.841 billion in the same period of 2021[52]. - The total remuneration for key management personnel for the six months ended June 30, 2022, was RMB 8,941,610, a decrease of 37.5% compared to RMB 14,231,870 for the same period in 2021[191]. Investment and Acquisitions - The company recognized a total gain of RMB 1,040,766,000 from the sale of several joint ventures and associates during the six months ended June 30, 2022[103]. - The company completed several acquisitions, with a total consideration of RMB 433,910,000, including goodwill of RMB 191,670,000 and identifiable net assets of RMB 242,240,000[175]. - The company has engaged in acquisitions of non-controlling interests, with a reported adjustment of RMB (480,166) thousand during the period[63]. Taxation and Compliance - The estimated average annual tax rate for the six months ended June 30, 2022, was 23.3%, down from 28.0% in the same period of 2021[163]. - The group applied a 5% withholding tax rate for certain direct holding companies in Hong Kong, benefiting from tax treaty arrangements with China[167]. - The company is exempt from paying income tax in the Cayman Islands and the British Virgin Islands, as per local laws[168].

Financial Performance - Revenue for the year ended December 31, 2021, was RMB 73,028 million, a decrease of 9.0% from RMB 80,245 million in 2020[5] - Gross profit was RMB 19,021 million, with a gross margin of 26.0%, down from RMB 24,102 million and 30.0% in 2020, representing a decline of 21.1 percentage points[5] - Net profit attributable to shareholders was RMB 6,712 million, a decrease of 29.2% compared to RMB 9,475 million in 2020[5] - Basic earnings per share were RMB 1.729, down 29.1% from RMB 2.440 in 2020[5] - The operating profit for the year was RMB 17.517 billion, down 16.3% from RMB 20.927 billion in 2020[48] - The net profit for the year was RMB 9.098 billion, a decline of 25.7% from RMB 12.249 billion in 2020[48] - The group's revenue for the year was RMB 73.028 billion, a decrease of 9.0% compared to RMB 80.245 billion in 2020[48] - The confirmed sales revenue from property development was RMB 58.402 billion, a decrease of 16.0% from RMB 69.547 billion in 2020[52] - The average confirmed sales price was RMB 13,682 per square meter, down 3.0% from RMB 14,099 per square meter in 2020[52] - The total sales amount for the group, including joint ventures and managed projects, reached RMB 139.01 billion, a historical high[31] Assets and Liabilities - Total assets as of December 31, 2021, were RMB 316,560 million, an increase of 0.9% from RMB 313,765 million in 2020[6] - Cash and cash equivalents decreased by 45.6% to RMB 22,803 million from RMB 41,926 million in 2020[6] - The total debt to total assets ratio improved to 12.4%, down from 18.6% in 2020, indicating a stronger balance sheet[6] - The group's total borrowings as of December 31, 2021, were RMB 83.87 billion, down from RMB 97.81 billion in 2020, representing a reduction of approximately 15.1%[69] - The debt ratio as of December 31, 2021, was 50.8%, a significant improvement from 61.0% on December 31, 2020[74] - The total borrowing cost for 2021 was RMB 6.836 billion, a decrease of 6.8% compared to RMB 7.336 billion in 2020, primarily due to a lower average borrowing balance[76] Dividends and Shareholder Returns - The company declared a total dividend of HKD 0.50 per share for the year, down 54.5% from HKD 1.10 in 2020[5] - Profit attributable to shareholders for the year was RMB 6.712 billion, a decrease of 29.2% from RMB 9.475 billion in 2020[66] Strategic Acquisitions and Partnerships - The company completed the acquisition of Minrui Property Services (Shanghai) Co., Ltd. in June 2021, enhancing its national layout[12] - The company entered into a strategic cooperation agreement with WM Motor and acquired a stake in the company[14] - The group strategically acquired 29 new quality projects during the year, with a total planned construction area of 4.24 million square meters and a total land cost of RMB 27.83 billion, corresponding to a floor price of RMB 6,565 per square meter[32] Market and Economic Context - China's GDP grew by 8.1% in 2021, supported by effective pandemic control and economic recovery measures[28] - The central government continued to implement real estate regulation policies to stabilize land prices, housing prices, and expectations for the future[28] Corporate Social Responsibility - The company donated RMB 210 million to support rural revitalization efforts in Zhongshan[14] - The group remains committed to corporate social responsibility and charitable initiatives to give back to society[93] Operational Efficiency and Growth Strategies - The diversified business revenue increased by 6.7 percentage points compared to the previous year, reflecting the effectiveness of the company's operational model[26] - The company aims to enhance its market position through strategic acquisitions and new product developments in the coming years[164] - The company is actively pursuing new technologies and innovations to improve operational efficiency and customer satisfaction[164] Management and Governance - The company emphasizes the importance of independent directors with extensive experience in enhancing corporate governance and strategic decision-making[198][199] - The board composition reflects a commitment to diversity and expertise, with directors holding advanced degrees and significant industry experience[198][199] - The company is focused on maintaining high standards of corporate governance and compliance with regulatory requirements[198][199]

Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 38,588 million, representing a 15.1% increase from RMB 33,527 million in 2020[40] - Gross profit for the same period was RMB 10,849 million, with a gross margin of 28.1%, down 6.3 percentage points from 34.4% in 2020[40] - Profit for the period was RMB 6,471 million, a 2.1% increase compared to RMB 6,339 million in 2020[40] - Basic earnings per share increased by 3.2% to RMB 5.290 from RMB 5.127 in the previous year[40] - The company declared an interim dividend of 1.363 HKD per share, up 3.2% from 1.321 HKD in 2020[40] - The group's revenue for the six months ended June 30, 2021, was RMB 38.588 billion, an increase of 15.1% compared to the same period last year[44] - The net profit attributable to shareholders for the same period was RMB 5.290 billion, up 3.2% year-on-year[44] - The group's property development revenue was RMB 32.092 billion, reflecting a 9.5% increase year-on-year, with property development and diversified business revenue accounting for 83.2% and 16.8% respectively[44] - The gross profit for the six months was RMB 10.849 billion, a decrease of 5.8% compared to the previous year[44] - The group's revenue for the first half of 2021 was RMB 38.588 billion, an increase of 15.1% compared to RMB 33.527 billion in the same period of 2020[64] - The profit attributable to shareholders for the first half of 2021 was RMB 5.290 billion, up 3.2% from RMB 5.127 billion in the same period of 2020[64] Market Strategy and Expansion - The company aims to expand its market presence and enhance its product offerings in the upcoming quarters[40] - Agile Group is focusing on new technology development to improve operational efficiency and customer experience[40] - The company is exploring potential mergers and acquisitions to strengthen its market position[40] - Agile Group plans to implement new strategies to adapt to changing market conditions and consumer preferences[40] - The group aims to expand its brand recognition nationwide while adhering to the principle of "real estate as the main focus, with diversified business development"[62] - The management has indicated a focus on expanding operations within the Chinese market, where the majority of assets are located[138] Assets and Liabilities - The total assets as of June 30, 2021, were RMB 330.391 billion, a 5.3% increase from December 31, 2020[41] - The cash and cash equivalents increased by 10.9% to RMB 46.512 billion compared to the end of 2020[41] - The group acquired 22 new quality projects with a total land cost of RMB 21.635 billion, corresponding to a floor price of RMB 7,109 per square meter[48] - The group has a total land reserve of approximately 52.95 million square meters across 85 cities, with 26.2% of this in the Greater Bay Area[48] - The company's total liabilities stood at RMB 240,424,255 thousand, compared to RMB 236,795,336 thousand in the previous year, reflecting a slight increase of approximately 1.1%[102] - The group's debt ratio decreased to 45.3% as of June 30, 2021, down from 61.0% as of December 31, 2020[19] - Total borrowings amounted to RMB 97.900 billion as of June 30, 2021, with bank borrowings and other loans at RMB 67.840 billion[82] Cash Flow and Financing Activities - Cash generated from operating activities for the six months ended June 30, 2021, was RMB 16,364,049 thousand, compared to RMB 7,677,578 thousand in the same period of 2020[115] - The net cash from operating activities for the six months ended June 30, 2021, was RMB 7,521,046 thousand, significantly higher than RMB 827,377 thousand in 2020[115] - The net cash inflow from financing activities for the six months ended June 30, 2021, was RMB 13,644,471, compared to RMB 2,481,761 in the same period of 2020, representing a significant increase[116] - The total cash flow from financing activities included a net borrowing of RMB 25,220,367, down from RMB 27,104,998 in 2020, indicating a reduction in new borrowings[116] Employee and Operational Metrics - As of June 30, 2021, the total employee count was 83,463, with a total employee benefit expense of RMB 3.841 billion, up from RMB 3.128 billion in the same period of 2020[92] - The group reported a decrease in employee benefits payable to RMB 884,776 as of June 30, 2021, down from RMB 1,588,807 as of December 31, 2020, a decline of approximately 44.4%[198] Environmental and Social Responsibility - The group is committed to responding to climate change and reducing greenhouse gas emissions in line with China's carbon neutrality goals by 2060[62] - Revenue from environmental protection was RMB 1.219 billion, up 52.6% from RMB 799 million in the same period of 2020, driven by an increase in operational projects from 26 to 37 and rising demand for waste treatment as the economy recovered[70] Financial Ratings and Outlook - The company received investment-grade ratings from Moody's and S&P, with a stable outlook, marking its first investment-grade rating[60] - The company anticipates a gradual recovery of global economic activities in the second half of 2021, supported by vaccination efforts and easing of lockdowns[94]