Financial Performance - For the year ended December 31, 2022, the group's revenue was RMB 73,630.85 million, with a gross profit of RMB 11,306.44 million and total profit and comprehensive income of RMB 3,576.77 million[2]. - The core net profit for the year was RMB 3,870.19 million, a decrease of 29.1% compared to RMB 5,457.54 million in 2021. The profit attributable to the company's owners was RMB 1,968.99 million, down 49.5% from RMB 3,898.29 million in 2021[2]. - The group's operating profit for the year was RMB 6,831.10 million, down from RMB 8,021.88 million in 2021[6]. - The total comprehensive income for the year attributable to the company's owners was RMB 1,726.36 million, compared to RMB 3,743.56 million in 2021[7]. - The company's profit before tax for the year ended December 31, 2022, was RMB 6,888,005 thousand, a decrease of 21% compared to RMB 8,719,520 thousand in 2021[30]. - The net profit attributable to shareholders for the year ended December 31, 2022, was RMB 1,726,363 thousand, down 54% from RMB 3,743,557 thousand in 2021[33]. - Basic earnings per share for the year ended December 31, 2022, was RMB 1.34, a decline of 56% from RMB 3.04 in 2021[34]. - The income tax expense for the year ended December 31, 2022, was RMB 4,598,470,000, compared to RMB 4,399,885,000 in 2021, showing an increase in tax obligations[28]. Assets and Liabilities - As of December 31, 2022, the group's asset-liability ratio after deducting advance receipts was 68.2%, with a net debt ratio of 43.9% and a cash short-term debt ratio of 1.60 times[2]. - Total assets decreased from RMB 288.52 billion in 2021 to RMB 251.94 billion in 2022, a decline of approximately 12.67%[8]. - Total liabilities decreased from RMB 240.71 billion in 2021 to RMB 201.62 billion in 2022, a reduction of about 16.24%[9]. - The company's equity attributable to owners decreased from RMB 23.51 billion in 2021 to RMB 24.86 billion in 2022, an increase of approximately 5.75%[9]. - Cash and cash equivalents decreased from RMB 26.29 billion in 2021 to RMB 21.81 billion in 2022, a decline of about 17.00%[8]. - The company's bank and other borrowings decreased from RMB 35.35 billion in 2021 to RMB 26.54 billion in 2022, a decrease of about 25.00%[9]. - The total liabilities as of December 31, 2022, were RMB 58,359,483,000, down from RMB 68,959,924,000 in 2021, reflecting a decrease of 15.3%[45]. Revenue Sources - The group's total revenue for the year ended December 31, 2022, was RMB 73,630,848,000, a slight decrease from RMB 73,703,098,000 in 2021, representing a decline of approximately 0.1%[17]. - Revenue from property development and sales for 2022 was RMB 72,192,121,000, down from RMB 72,518,121,000 in 2021, indicating a decrease of about 0.4%[17]. - The group generated RMB 1,142,112,000 from property management services in 2022, an increase of 25.6% compared to RMB 908,690,000 in 2021[17]. - The group's property development and sales recognized revenue was RMB 72,192.12 million, remaining stable compared to RMB 72,518.12 million in 2021[64]. Cost and Expenses - The cost of sales, including construction costs and land costs, amounted to RMB 59,246,511,000 for the year ended December 31, 2022, up from RMB 58,015,823,000 in 2021[25]. - Other income for the year ended December 31, 2022, was RMB 498,049,000, a decrease from RMB 707,676,000 in 2021[26]. - The financial costs for the year ended December 31, 2022, were RMB (2,589,986,000), compared to RMB (2,914,306,000) in 2021, indicating a reduction in financial expenses[28]. - Selling and marketing expenses decreased by 11.1% to RMB 2,367.28 million from RMB 2,662.87 million in 2021 due to strict cost control[69]. - Administrative expenses decreased by 36.4% to RMB 2,150.28 million from RMB 3,382.19 million in 2021, attributed to cost control measures[70]. Investments and Projects - The total land reserve of the group reached 38.74 million square meters, involving 332 property development projects, with 99 projects participated in through joint ventures and associates[4]. - The company participated in 332 property development projects, with total land reserves reaching 38.74 million square meters as of December 31, 2022[52]. - The company acquired 9 projects through equity purchases, increasing equity value by 6.3 billion yuan, primarily in second-tier cities[53]. - The group expanded its project portfolio by adding 49 new projects, including 17 industrial parks and 10 campus projects, with a 67% year-on-year increase in construction area for agency projects[55]. Market and Customer Base - The group's revenue is predominantly derived from the Chinese market, accounting for over 95% of total revenue and non-current assets[18]. - The group has no single customer contributing 10% or more to its total revenue, indicating a diversified customer base[19]. - The average sales price increased by 8% year-on-year to RMB 12,546 per square meter, with sales from tier 2 cities and above accounting for 82% of total sales, indicating a focus on high-level cities[54]. - The group’s focus on high-level cities resulted in 65% of contract sales coming from the Yangtze River Delta and Greater Bay Area, further enhancing sales concentration[54]. Corporate Governance - The company has adopted the Corporate Governance Code and has complied with all provisions as of December 31, 2022[89]. - The company has established an audit committee to assist the board in independent reviews of financial statements and internal controls since September 12, 2018[91]. - The company engages external consultants annually to assess major risks that could impact its operations[90]. - The board consists of nine experienced members, including three independent non-executive directors, to maintain a balance of power and authority[90]. Future Outlook - The company anticipates that the newly adopted accounting standards will not have a significant impact on its future transactions[14]. - The company is focusing on optimizing land reserve structure and enhancing risk resistance by concentrating resources in key economic zones such as the Yangtze River Delta and the Greater Bay Area[52]. - The company is committed to maintaining financial safety and stability, positioning itself as a core force for healthy industry development[51].

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 31,662.9 million, a decrease of 4.2% compared to RMB 33,038.6 million in the same period of 2021[11]. - Gross profit for the same period was RMB 5,668.6 million, down 17.1% from RMB 6,838.1 million in 2021[11]. - Core net profit was RMB 2,735.5 million, representing an 11.8% decline from RMB 3,100.7 million in the previous year[11]. - Profit attributable to equity holders of the company was RMB 1,655.7 million, a decrease of 26.5% compared to RMB 2,253.3 million in 2021[11]. - Basic earnings per share were RMB 1.25, down 28.6% from RMB 1.75 in the same period last year[7]. - Operating profit decreased by 5.5% to RMB 3,897.52 million from RMB 4,125.32 million year-on-year[34]. - Net profit for the reporting period was RMB 2,608.37 million, down 13.1% from RMB 3,002.34 million in the previous year[34]. - The company’s gross profit decreased by 17.1% to RMB 5,668.62 million from RMB 6,838.11 million in the same period of 2021, primarily due to a decline in sales revenue[70]. - The company reported property development and sales revenue of RMB 30,971.21 million, a decrease of 4.6% compared to RMB 32,480.41 million in the same period of 2021, due to a reduction in sales area and unit price[65]. Assets and Liabilities - Total assets as of June 30, 2022, were RMB 286,167.4 million, slightly down from RMB 288,519.9 million at the end of 2021[8]. - Total liabilities amounted to RMB 235,730,459 thousand, down from RMB 240,710,232 thousand at the end of 2021[128]. - The company’s total borrowings as of June 30, 2022, amounted to RMB 53,139.83 million, with a net debt ratio of 44.9%, down from 46.3% at the end of 2021[77]. - The company’s cash and cash equivalents were RMB 23,218,305 thousand, a decrease from RMB 26,288,551 thousand at the end of 2021[127]. - The company’s total liabilities as of June 30, 2022, were RMB 123,891,611, with bank and other borrowings accounting for RMB 46,655,282[147]. Cash Flow and Financing - The company’s operating cash flow for the six months ended June 30, 2022, was a net outflow of RMB 1,750,418,000, compared to an outflow of RMB 7,515,305,000 in the same period of 2021, indicating a significant improvement[132]. - The financing activities resulted in a net cash outflow of RMB 7,574,523,000, contrasting with a net inflow of RMB 1,088,211,000 in the same period of 2021[132]. - The company has secured financing agreements totaling HKD 1,050 million and USD 80 million for a three-year term[120]. - The company continues to monitor the impact of COVID-19 on its financial performance and has not experienced any significant adverse effects as of the date of the report[133]. Market Presence and Strategy - The company has laid out 337 projects across five major economic regions in China, focusing on strategic upgrades and deepening its market presence[2]. - Midea Real Estate aims to lead industry development through innovation and technology, emphasizing smart and healthy living solutions[2]. - The company is focusing on high-quality and sustainable development, aiming to enhance management efficiency and risk avoidance[24]. - The company is actively pursuing new strategies for market expansion and product development to enhance its competitive edge[48]. - The company plans to optimize its business layout and enhance its risk resistance capabilities by focusing on high-potential cities and improving land reserve structure[25]. Innovation and Development - The company has established six product research platforms and applied for over 500 patents and software copyrights, focusing on smart and green building standards[21]. - The company launched the REMAC HOME OS, a smart home operating system, enhancing user interaction and smart living solutions[21]. - The company has developed innovative smart space solutions, including a full-home smart cabinet and smart integrated kitchen, to meet customer needs[60]. - The company established a prefabricated research institute to focus on low-carbon building core technologies and is transitioning from a PC prefabricated component manufacturer to a modular building supplier[64]. Shareholder and Governance - The controlling shareholder holds approximately 80.12% of the company's issued share capital through various entities[88]. - The company has adopted the Corporate Governance Code and has complied with its provisions for the six months ending June 30, 2022, with some deviations noted[91]. - The board consists of nine members, including three independent non-executive directors, ensuring compliance with listing rules regarding board composition[93]. - The company has issued stock options and restricted shares to incentivize eligible participants[89]. Employee and Community Engagement - The company provided comprehensive employee benefits, including social insurance and training opportunities, to enhance employee development[89]. - The company has achieved ISO certifications for various management systems, indicating its capability to provide high-standard services consistently[58]. - The property management services business expanded steadily, successfully acquiring several high-quality projects, including the Wuhan Economic and Technological Development Zone and the Guizhou Silver Mountain Lake Kindergarten[58].

www.mideadc.com 2019 年度報告 企業簡介 美的置業控股有限公司（「本公司」及其附屬公司「本集團」 「美的置業」）（股份代號：3990.HK）於2018年10月11日在香 港聯合交易所有限公司（「聯交所」）主板上市，是中國上市 房地產企業（「房企」）30強、廣東省百強民營企業、領先的 智慧地產製造商。本集團成立於2004年，以「智慧生活， 美的人生」為品牌理念，憑藉深厚的製造業根基和科技化 基因，通過智能化、工業化、數字化的高品質建造和服 務，打造「5M智慧健康社區」，營造美好生活方式。 美的置業圍繞「聚焦深耕、戰略升級」路徑，在珠江三角洲 經濟區（「珠三角」「珠三角經濟區」）、長江三角洲經濟區 （「長三角」「長三角經濟區」）、長江中游經濟區（「長中游」 「長中游經濟區」）、華北地區和西南經濟區5大核心經濟區 的59個城市，佈局278個精品項目（數據截至2019年12月 31日），已進駐上海、廣州、武漢、天津、鄭州、重慶、成 都等國家中心城市。2019年，美的置業全年合同銷售金額 突破人民幣千億元，發展駛入新賽道。 美的置業堅持房地產開發為核心主業，形成了「一主兩翼」 業務格局：主業涉及精品 ...

Financial Performance - For the six months ended June 30, 2019, the company reported revenue of RMB 14,194.9 million, a 33% increase from RMB 10,637.4 million in the same period of 2018[16]. - Gross profit for the same period was RMB 5,093.3 million, reflecting a 35% increase compared to RMB 3,779.6 million in 2018, with a gross margin of 35.9%[16]. - Net profit attributable to shareholders was RMB 1,769.4 million, up 20% from RMB 1,473.2 million in the previous year[16]. - Operating profit rose to RMB 3,265.69 million, up 28% from RMB 2,549.69 million year-on-year[30]. - The net profit for the period was RMB 1,888.76 million, reflecting a 27% increase from RMB 1,481.85 million in the previous year[30]. - The company's property development and sales revenue for the reporting period was RMB 13,884.15 million, an increase of 34% compared to RMB 10,396.45 million in the same period of 2018[87]. - The company's gross profit for the reporting period was RMB 5,093.34 million, an increase of 35% compared to RMB 3,779.62 million in the same period of 2018, with a gross profit margin of 35.9%, up 0.4 percentage points from 35.5% in 2018[91]. - The company's financial performance reflects a robust growth trajectory, with total comprehensive income for the six months ended June 30, 2019, reaching RMB 1,888,759 thousand, compared to RMB 1,481,846 thousand in the previous year, marking an increase of approximately 27.5%[134]. Sales and Contracted Sales - The company achieved contracted sales of approximately RMB 47,200 million, a 17% increase year-on-year, with a total contracted sales area of about 4.526 million square meters, up 14%[22]. - The average contracted sales price increased by approximately 2% to RMB 10,428.6 per square meter compared to the previous year[22]. - The total confirmed sales area was 1,550,000 square meters, up 18% from 1,311,200 square meters in the same period of 2018[87]. - The company confirmed revenue of RMB 9,519,625,000 related to contract liabilities for property development and sales during the period, compared to RMB 6,440,563,000 in the previous year[169]. Assets and Liabilities - As of June 30, 2019, total assets amounted to RMB 213,735.5 million, a 21% increase from RMB 177,319.1 million at the end of 2018[17]. - Non-current liabilities increased to RMB 44,298,851 thousand from RMB 34,468,930 thousand, indicating a 28.5% rise[132]. - Current liabilities rose to RMB 141,867,547 thousand, up from RMB 119,265,744 thousand, which is a 19.0% increase[132]. - The total amount of properties under construction classified as current assets was RMB 131,437,041,000 as of June 30, 2019, compared to RMB 103,913,613,000 at the end of 2018, an increase of 26.5%[185]. Cash and Financing - The company held total cash and bank deposits of RMB 27,826.49 million and unused bank credit facilities of RMB 62,086.00 million at the end of the reporting period[25]. - The weighted average actual interest rate for total borrowings during the reporting period was 5.95%, with new borrowings at 5.84%, both lower than the industry average[25]. - Total borrowings amounted to RMB 54,185.21 million, with a net debt-to-equity ratio of 95.6%, down from 97.4% at the end of 2018[98]. - The total borrowing cost for the reporting period was RMB 1,688.10 million, an increase of RMB 514.15 million from RMB 1,173.95 million in 2018, mainly due to increased principal borrowings[99]. - The company raised approximately RMB 2,786.87 million from its initial public offering, net of underwriting commissions and other expenses[108]. Land Reserves and Development - The company’s land reserve totaled approximately 52.51 million square meters, with 210 projects and participation in 39 projects through joint ventures and associates[23]. - The company strategically supplemented land reserves, adding a total construction area of 9.66 million square meters during the reporting period[35]. - The company is focusing on high-potential cities and optimizing its land reserve structure, with new entries in first-tier and new first-tier cities like Shanghai and Hangzhou[23]. - The company is expanding into new markets, including Tianjin, Hangzhou, Wuhan, Hengyang, Taizhou, and Huizhou[35]. Corporate Governance - The company is committed to high levels of corporate governance, having adhered to the Corporate Governance Code during the reporting period[111]. - The board consists of nine members, including three independent non-executive directors, ensuring compliance with listing rules[113]. - The audit committee, established in September 2018, is responsible for reviewing the effectiveness of the group's financial reporting and internal controls[115]. Expenses and Costs - Sales and marketing expenses rose to RMB 1,045.47 million, a 34% increase from RMB 779.57 million in 2018, driven by the expansion of the group's sales scale[93]. - Administrative expenses increased by 52% to RMB 1,030.66 million from RMB 678.46 million in 2018, attributed to the expansion of the real estate development business and rising employee costs[94]. - The company's sales cost was RMB 9,101.51 million, a 33% increase from RMB 6,857.75 million in the same period of 2018, primarily due to the increase in confirmed sales area[90]. Investment and Joint Ventures - The company's investment in joint ventures increased to RMB 1,725,992 thousand from RMB 1,023,571 thousand, showing a significant growth of 68.6%[131]. - The investment in associates rose to RMB 2,005,416,000 as of June 30, 2019, compared to RMB 607,289,000 in 2018, representing a significant increase of 230.5%[180]. Dividends - The company did not declare an interim dividend for the six months ended June 30, 2019, compared to no dividend declared in the same period of 2018[125]. - The company paid dividends to shareholders amounting to RMB 1,282,003 thousand during the six months ended June 30, 2019, which was a new financial commitment compared to the previous period[135].