WORLDUNION(002285)2023-03-29 16:00Property and Integrated Facility Management Business - Property and integrated facility management business achieved revenue of 864.5298 million yuan, a year-on-year increase of 17.48%[68] - The company managed 104 fully entrusted projects with a total contracted area of 7.98 million square meters, with a net increase of 780,000 square meters in actual managed area[68] - The property and integrated facility management business revenue in 2022 was 864.53 million yuan, a year-on-year increase of 17.48%, with 104 fully entrusted projects under management and a managed area of 7.98 million square meters[93][94] - Property and facility management business revenue increased by 17.48% to 864,529,789.48 yuan, making up 21.72% of total revenue[101] - Property and integrated facility management business achieved a gross profit of 60.12 million yuan, a year-on-year decrease of 27.63%, with a gross margin decrease of 4.34 percentage points[110] - The property and comprehensive facility management business will focus on enterprise comprehensive facility services and "investment + property management" for industrial and office properties, aiming for rapid development in five major regions[157] Space Operation Business - Space operation business achieved revenue of 355.2897 million yuan, a year-on-year decrease of 41.62%[72] - The investment and space operation business revenue in 2022 was 355.29 million yuan, a year-on-year decrease of 41.62%, with industrial and commercial asset operation contributing 26.60% and apartment and hotel management contributing 28.08%[96] - Investment and space operation business incurred a loss of 102.42 million yuan, with a year-on-year increase in loss of 40.81 million yuan[110] - The space operation business will focus on affordable rental housing, leveraging the "Youzu Cloud" technology platform to provide light-asset hosting and operation services, with a focus on expanding service categories and establishing benchmarks[158] Consulting Advisory Business - Consulting advisory business achieved revenue of 104.42 million yuan, a year-on-year decrease of 26.38%[73] - The consulting and advisory business revenue in 2022 was 104.42 million yuan, a year-on-year decrease of 26.38%, with 453 advisory contracts executed during the year[98] - Consulting advisory business achieved a gross profit of 10.28 million yuan, a year-on-year decrease of 26.58%, with a gross margin decrease of 0.02 percentage points[110] - The consulting advisory business will provide full lifecycle solutions from strategic design to value evaluation, aiming to strengthen advantages in regions like Shenzhen, Beijing, and Guangzhou[159] Financial Performance and Revenue - Total revenue for 2022 was 3.9794302 billion yuan, a year-on-year decrease of 34.58%[81] - Net profit attributable to shareholders of the listed company was a loss of 343.2352 million yuan[81] - Net cash flow from operating activities was 629.7648 million yuan, a year-on-year decrease of 40.08%[82] - Total operating revenue in 2022 was 3,953.70 million yuan, a decrease of 41.80% year-on-year, with the major transaction business contributing 66.51% and the major asset management business contributing 33.49%[83] - Total revenue decreased by 34.58% to 3,979,430,159.12 yuan in 2022, compared to 6,082,507,921.06 yuan in 2021[101] - Real estate agency services revenue dropped by 40.52% to 2,652,970,960.27 yuan, accounting for 66.67% of total revenue[101] - Internet+ business revenue declined by 30.66% to 1,329,013,542.07 yuan, representing 33.40% of total revenue[101] - South China region revenue fell by 31.73% to 1,924,855,870.17 yuan, accounting for 48.37% of total revenue[101] - Central and Southwest China region revenue declined by 44.38% to 429,642,460.96 yuan, accounting for 10.80% of total revenue[101] - Shandong region revenue decreased by 41.10% to 359,015,765.69 yuan, making up 9.02% of total revenue[101] - Financial services business revenue dropped by 59.47% to 80,905,825.30 yuan, representing 2.03% of total revenue[101] - The company reported a net loss of 308.91 million yuan, while net cash flow from operating activities was 629.86 million yuan, with significant differences due to credit impairment losses and loan-related cash flows[122] Subsidiaries and Regional Performance - The company added 5 new service projects, including over 2,400 apartments and over 90,000 square meters of complexes[70] - The company managed 12,926 rooms under the Red Pu Apartment brand and 59,285 rooms under the "Youzu Cloud" system[70] - Central state-owned enterprises accounted for 72% of the company's new contract customers[73] - The South China region contributed 48.16% of the total operating revenue in 2022, with a revenue of 1,904.24 million yuan, a year-on-year decrease of 32.01%[99] - The company added 14 new subsidiaries through investment and acquisition, and removed 41 subsidiaries through disposal, liquidation, and termination of voting rights[111] - The subsidiary Pioneer Jushan reported a net loss of RMB 19,058,906.45, with total assets of RMB 1,047,956,336.63 and revenue of RMB 1,219,386,556.73[141] - The subsidiary Shilian Microfinance reported a net loss of RMB 6,554,674.27, with total assets of RMB 1,238,192,991.52 and revenue of RMB 85,925,456.92[141] - The subsidiary Beijing Anxinxing reported a net profit of RMB 30,957,603.50, with total assets of RMB 303,903,157.21 and revenue of RMB 646,500,228.99[141] - The subsidiary Shandong Shilian reported a net profit of RMB 18,644,845.23, with total assets of RMB 267,199,047.38 and revenue of RMB 282,901,942.46[141] - The subsidiary Chongqing Shilian reported a net loss of RMB 35,114,752.27, with total assets of RMB 15,411,266.26 and revenue of RMB 7,801,816.65[141] - The company's wholly-owned subsidiary, Chongqing Shilian, which mainly operates real estate agency services, saw a year-on-year decrease in operating revenue of 87.26%[149] Financial Services Business - The financial services business revenue in 2022 was 80.91 million yuan, a year-on-year decrease of 59.47%, as the company actively controlled the scale of financial services and raised customer entry standards[90] - Financial services business achieved a gross profit of 55.38 million yuan, a year-on-year decrease of 54.74%, with a gross margin increase of 7.16 percentage points[110] - The company's microfinance business, operated by its wholly-owned subsidiary Shilian Microfinance, experienced a year-on-year revenue decrease of 62.54% as the company actively controlled the scale of financial services and developed new financial products[146] Internet+ Business - The internet+ business revenue in 2022 was 1,329.01 million yuan, a year-on-year decrease of 30.66%, with 1,587 ongoing projects and 30.96 million yuan in uncollected prepayments[89] - Internet+ business achieved a gross profit of 77.99 million yuan, a year-on-year decrease of 46.37%, with a gross margin decrease of 1.72 percentage points[109] - The company's internet+ business, operated by its wholly-owned subsidiary Pioneer Jushan, saw a year-on-year revenue decrease of 37.23% due to macroeconomic and real estate market fluctuations[145] Agency Sales Business - The agency sales business revenue in 2022 was 1,219.54 million yuan, a year-on-year decrease of 49.22%, with a settled agency sales volume of 162.04 billion yuan and a settled agency sales area of 15.34 million square meters[85][86] - Agency sales business achieved a gross profit of 278.93 million yuan, a year-on-year decrease of 53.16%, with a gross margin decrease of 1.93 percentage points[109] - The real estate agency business, operated by the company's subsidiary Shandong Shilian, recorded a year-on-year revenue decrease of 44.66%[148] Operating Costs and Expenses - Operating costs decreased by 30.32% to 359,951.01 million yuan, with wages and bonuses dropping by 38.42% to 113,215.93 million yuan[106][107] - Technical collaboration fees in operating costs decreased by 25.00% to 106,745.48 million yuan, representing 29.66% of total operating costs[107] - Management expenses decreased by 29.90% to 283.75 million yuan, primarily due to reduced labor costs such as salaries and bonuses[115] - Financial expenses decreased by 63.55% to 52.41 million yuan, mainly due to a reduction in lease financing costs and interest expenses[115] - R&D expenses decreased by 12.53% to 52.58 million yuan[115] - Tax and surcharges decreased by 44.97% to 19.53 million yuan, driven by reduced revenue and corresponding tax reductions[115] - Investment income decreased by 73.18% to 63.90 million yuan, mainly due to reduced gains from the transfer of subsidiary equity[115] Cash Flow and Financial Position - Operating cash inflow decreased by 32.68% to 5.61 billion yuan, primarily due to reduced revenue and loan repayments[118] - Operating cash outflow decreased by 31.61% to 4.98 billion yuan, mainly due to reduced salary payments and third-party service fees[119] - Net cash flow from operating activities decreased by 40.08% to 629.76 million yuan, driven by reduced loan-related cash flows and lower revenue[118] - Net cash flow from financing activities increased by 70.92% to -422.56 million yuan, primarily due to reduced bank loan repayments and lease payments[120] - Cash and cash equivalents increased by 11.79% to 2.2 billion RMB, accounting for 32.62% of total assets[124] - Accounts receivable decreased by 1.94% to 1.19 billion RMB, representing 17.68% of total assets[124] - Contract assets increased by 0.57% to 84.75 million RMB due to internet+ service contract recognition[124] - Inventory decreased by 0.70% to 14.32 million RMB as transaction service costs were settled and transferred out[124] - Investment property increased by 2.26% to 566.76 million RMB, accounting for 8.40% of total assets[124] - Short-term borrowings decreased by 2.39% to 160 million RMB as the company optimized its financing structure[124] - Long-term borrowings decreased by 1.50% to 49.3 million RMB, with 205.5 million RMB reclassified due to maturity within 12 months[124] - Lease liabilities decreased by 9.99% to 166.92 million RMB, mainly due to the transfer of Guangzhou Shijun and other subsidiaries[124] - Other receivables decreased by 3.11% to 655.19 million RMB, with 243.24 million RMB recovered from subsidiary equity disposal[124] - Loans decreased by 5.16% to 296.21 million RMB as the company actively controlled the scale of financial services business[124] - The company's total monetary funds amount to RMB 27,619,203.89, including bank deposit guarantees, frozen litigation deposits, and other controlled funds[130] - The company's investment in the reporting period was RMB 8,342,504.31, a decrease of 92.65% compared to the same period last year[131] - The company did not engage in any securities or derivative investments during the reporting period[133][134] Strategic Initiatives and Future Plans - The company's "2111" strategy focuses on two core systems: "Big Transaction" and "Big Asset Management," aiming to create a national benchmark, provide first-class customer experience, and build a professional team[151] - In 2023, the company will continue to focus on core regions and core businesses, expand the "Big Asset Management" business, and optimize the structure and stabilize the scale of the "Big Transaction" business[153] - The "Big Transaction" business will focus on optimizing city layouts, accelerating the transaction services of affordable commercial housing, and promoting integrated "sales-channel-strategy-media" comprehensive services[154] - The company will enhance digital marketing and build a new media capability matrix, focusing on regional company self-media operations, full-staff new media operations, and self-media customer acquisition[154] - The "Big Asset Management" business will focus on three core services: comprehensive facility management for enterprise-owned properties, asset operation management for rental properties, and operation management of rental affordable talent apartments[156] Corporate Governance and Shareholder Information - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring transparency and compliance with legal regulations[167] - The company maintains independence in business, personnel, assets, organization, and finance, operating autonomously without interference from controlling shareholders[171][172][173][174][175][176] - The controlling shareholder has committed to resolving potential同业竞争 issues within 36 months post-acquisition, proposing measures such as asset restructuring and business adjustments[177][178][179][180] - 2021 Annual General Meeting had an investor participation rate of 50.32%[181] - 2022 First Extraordinary General Meeting had an investor participation rate of 52.72%[181] - Chairman Hu Jia holds 0 shares, with no changes during the reporting period[183] - Co-Chairman Chen Jinsong holds 18,299,610 shares, with no changes during the reporting period[183] - Director Zhu Min holds 1,752,942 shares, with no changes during the reporting period[183] - Supervisor Yuan Hong holds 2,476,066 shares, with no changes during the reporting period[183] - No changes in shareholdings for any directors or supervisors during the reporting period[183] - Total compensation for company executives in 2022 amounted to RMB 22,946,693[184] - Li Rong, former Deputy General Manager, received RMB 330,075 in compensation[184] - Jiao Anping, former Deputy General Manager, received RMB 84,000 in compensation[184] - Wang Bing, current Deputy General Manager, received RMB 4,000 in compensation[184] - Hu Jia, current Chairman, holds no shares in the company[186] - Chen Jinsong, Co-Chairman, indirectly holds 295,586,982 shares and directly holds 18,299,610 shares, representing 29.66% of the company's equity[188] - Zhu Min, current General Manager, indirectly holds 26,847,634 shares and directly holds 1,752,942 shares[188] - Ren Kelei, current Director, holds no shares in the company[189] - The company reported no dismissals or resignations of directors, supervisors, or senior management during the reporting period[184] - New appointments include Wang Bing and Yue Xin as Deputy General Managers, effective January 13, 2023[185] - The company's director, Ren Kelei, does not hold any shares in the company and has no association with other directors, supervisors, senior management, or shareholders holding more than 5% of the company's shares[190] - Pei Shuhua, a director of the company, holds positions in several other companies including Zhuhai Transportation Group and Zhuhai Huafa Group[191] - Chen Weicheng, a director of the company, serves as the Assistant General Manager of Zhuhai Dahengqin Group[192] - Ma Zhida, an independent director of the company, holds multiple leadership roles in various organizations including the Macau Special Administrative Region Economic Development Committee[193] - Guo Tianwu, an independent director of the company, is a professor and doctoral supervisor at Sun Yat-sen University and holds several advisory roles in legal and governmental organizations[194] - Zhang Jianping, an independent director of the company, is a professor and doctoral supervisor at the University of International Business and Economics and has extensive academic and professional experience[195] - Yuan Hongchang, the Chairman of the Supervisory Board, directly holds 2,476,066 shares of the company[197] - Huo Jiazhen, a supervisor of the company, is a professor at Tongji University and holds independent director positions in several other listed companies[198] - Wu Xiaowei, a supervisor of the company, has been with the company since 2004 and currently serves as the Human Resources and Administration Director for the Guangzhou region[199] - Liu Weiwei joined Shilianxing in 2010 and currently serves as the Group's Vice President and General Manager of the Strategic Investment Center[200] - Liu Weiwei's term as Vice President of the Group is from January 13, 2023, to December 28, 2025[200] - Liu Weiwei does not hold any shares in the company[200] - Liu Weiwei has no association with other directors, supervisors, senior management, or shareholders holding more than 5% of the company's shares[200] - Liu Weiwei has not been subject to any administrative penalties by the China Securities Regulatory Commission[200] - Liu Weiwei has not been publicly reprimanded or criticized by the Shenzhen Stock Exchange[200] - Liu Weiwei is not deemed unsuitable to serve as a director, supervisor, or senior executive by the Shenzhen Stock Exchange[200]