华润置地(01109) - 2024 - 年度业绩

Financial Performance - The consolidated revenue for the fiscal year 2024 reached RMB 278.8 billion, representing an 11.0% year-on-year growth[2]. - The revenue from development and sales business amounted to RMB 237.15 billion, with an 11.8% increase compared to the previous year[2]. - The net profit attributable to shareholders was RMB 25.58 billion, while the core net profit reached RMB 25.42 billion, with a contribution from regular business core net profit of RMB 10.34 billion, increasing by 6.3 percentage points to 40.7%[2]. - The company reported a total revenue of RMB 278,799,425 thousand for the year ending December 31, 2024, an increase from RMB 251,137,103 thousand in 2023, representing a growth of approximately 11%[4]. - The total comprehensive income for the year was RMB 33,869,044 thousand, compared to RMB 37,596,247 thousand in the previous year, a decrease of approximately 10%[5]. - The company reported a net profit attributable to the company's equity holders was RMB 25,577,359 thousand for 2024, down from RMB 31,365,372 thousand in 2023, reflecting a decline of approximately 18%[4]. - The company’s basic earnings per share decreased to RMB 3.59 from RMB 4.40 year-over-year, a decline of about 18%[4]. - The company’s finance costs increased to RMB 3,181,775 thousand from RMB 1,743,918 thousand, representing an increase of approximately 82%[4]. - The company’s income tax expense for the year was RMB 24,549,743 thousand, compared to RMB 29,134,131 thousand in the previous year, a decrease of about 16%[4]. Dividends - The company proposed a final dividend of RMB 1.119 per share, leading to a total annual dividend of RMB 1.319 per share for fiscal year 2024[3]. - The interim dividend for 2024 is proposed at RMB 0.200 per share, slightly up from RMB 0.198 per share in 2023[28]. - The final dividend for 2024 is proposed at RMB 1.119 per share, down from RMB 1.243 per share in 2023[28]. - The final dividend for the year ending December 31, 2023, is RMB 1.243 per share, amounting to approximately RMB 8,874,504,000, which was approved at the annual general meeting on June 7, 2024[29]. Assets and Liabilities - As of the end of fiscal year 2024, total borrowings amounted to RMB 259.78 billion, with cash and bank balances of RMB 133.21 billion, resulting in a net debt-to-equity ratio of 31.9%[3]. - The company’s total assets increased to RMB 1,200 billion, up from RMB 1,100 billion in the previous year, indicating a growth of approximately 9%[5]. - The company’s total liabilities increased from RMB 584,205,857 thousand in 2022 to RMB 625,030,559 thousand in 2023, reflecting a growth of about 7.0%[7]. - The company’s total liabilities to equity ratio increased from 2.15 in 2022 to 2.34 in 2023, indicating a higher leverage position[7]. - The group’s total debt amounted to RMB 259.78 billion, with a net debt to equity ratio of 31.9%, down 0.7 percentage points from 32.6% at the end of 2023[81]. Revenue Streams - The total revenue from customer contracts recognized at a specific point in time was RMB 237,470,531 thousand, while revenue recognized over a period was RMB 31,742,318 thousand[16]. - The revenue from rental income was RMB 16,673,237 thousand for the fiscal year ending December 31, 2024[16]. - The group achieved a development property revenue of RMB 237.15 billion, an increase of 11.8% year-on-year, with a settlement area of 10.65 million square meters, a decrease of 10.0% year-on-year[63][64]. - The group reported a total estimated asset value of RMB 212.99 billion for shopping centers, accounting for 18.9% of the group's total assets[67]. Operational Highlights - The total contracted sales amount for the year was RMB 261.1 billion, ranking third in the industry, with a contracted area of 11.34 million square meters[3]. - The company signed contracts worth RMB 261.1 billion, accounting for approximately 2.7% of the national commercial housing sales total, ranking third in the industry[40]. - The retail revenue from shopping centers reached RMB 195.3 billion, representing about 0.4% of the national total retail sales of consumer goods, with an operating profit margin of 61%[42]. - The company’s hotel management business generated operating revenue of RMB 2.07 billion, with a continued solid competitive advantage in the region[43]. - The company’s shopping centers opened 16 new locations, achieving the highest number in history, with an average opening rate exceeding 95%[42]. Investment and Growth - The company acquired 29 projects with equity investments totaling RMB 52.6 billion, maintaining a strong investment intensity in the industry[40]. - The group increased its land reserves by acquiring 29 quality land parcels at a total cost of RMB 77.58 billion, adding a total construction area of 3.93 million square meters[75]. - The group plans to maintain a prudent investment strategy focusing on key cities to ensure financial stability and effective investment growth[80]. Sustainability and Corporate Governance - The company was ranked 7th in the "Central Enterprise ESG Pioneer 100" list and 10th in the "China ESG Listed Company Pioneer 100" list, reflecting its commitment to sustainable development[50]. - The company has implemented dynamic monitoring of foreign exchange risk and will adjust strategies based on market conditions[87]. - The company has adhered to corporate governance codes and clarified the division of responsibilities between the chairman and the CEO as of December 23, 2024[90]. Employee and Credit Ratings - The total number of employees in mainland China and Hong Kong was 65,785 as of December 31, 2024[89]. - The company maintained credit ratings of BBB+, Baa1, and BBB+ from S&P, Moody's, and Fitch respectively in 2024[85].