Financial Performance - The company reported a significant increase in revenue, achieving a total of 200 million in revenue, with a focus on sustainable building materials[5]. - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 12%[5]. - Landsea's strategic transformation towards product differentiation and an asset-light model has been ongoing since 2014, with a name change to "Landsea Green Management Limited" to reflect this strategy[61]. - The company aims to enhance its investment capabilities and maintain a customer-oriented approach while focusing on product innovation in the future[66]. Sustainability and ESG Initiatives - The company aims to reduce carbon emissions by 40% by 2030, aligning with global sustainability goals[5]. - Landsea was recognized for the fourth consecutive year with the "Outstanding Enterprise along Green Supply Chain" at the "19th Elite Habitat Award"[25]. - Landsea Green Management won the "Best ESG Award" at the "Seventh Listed Company Selection by Zhitongcaijing" held in Hangzhou on December 19[27]. - The company is committed to environmental, social, and governance (ESG) principles, as evidenced by the establishment of an ESG Committee[88]. Project Development and Sales - The company secured a total of 57 projects during the year, with 24 in the PRC and 33 in the United States, delivering over 16,000 houses in 29 projects in China and over 2,000 houses in the United States[47]. - In FY2022, contracted sales of "Landsea Products" were approximately RMB 22.32 billion, a decrease from approximately RMB 47.15 billion in FY2021[128]. - The Group secured 24 new projects in cities such as Nanjing, Suzhou, and Chengdu, adding a saleable area of 2,390,000 sq.m. with a saleable value of approximately RMB 43.65 billion[134]. - The Group's total saleable area for properties was 7,271,103 sq.m., with a saleable value of approximately RMB 131.19 billion[156]. Financial Management and Governance - The company has a strong governance structure with independent non-executive directors serving on various committees, including Audit, Remuneration, and Nomination[94]. - The management expresses confidence in leveraging unique advantages to find the most suitable development path in the new era[67]. - The company emphasizes a low-leverage strategy and a focus on professional segmentation and product services in the real estate 2.0 era[67]. - The management will continue to monitor the capital and debt structure regularly to mitigate exposure to gearing risk[190][194]. Challenges and Market Conditions - The real estate industry in China faced significant challenges in 2022, with the performance of the top 100 real estate enterprises dropping by more than 40%[43]. - The company anticipates that 2023 will be slightly better than the "bottom year" of 2022 due to supportive adjustments in real estate policy and the removal of epidemic prevention policies[65]. - The company is focusing on "crossing the cycle" in 2023, anticipating a slightly better performance than the "low point year" of 2022 due to a 180-degree adjustment in real estate policies and the lifting of pandemic restrictions[67].
朗诗绿色管理(00106) - 2022 - 年度财报