华润置地(01109) - 2023 - 年度业绩

Financial Performance - For the fiscal year ending December 31, 2023, the total revenue was RMB 251.14 billion, representing a year-on-year growth of 21.3%[2] - The net profit attributable to shareholders was RMB 31.37 billion, reflecting an 11.7% increase compared to the previous year[3] - The core net profit, excluding investment property valuation gains, was RMB 27.77 billion, a year-on-year increase of 2.9%[2] - The total comprehensive income for the year was CNY 37,596,247, up 14.0% from CNY 32,680,151 in the previous year[7] - The company's equity attributable to shareholders was CNY 31,604,881, reflecting a growth from CNY 28,161,565 year-over-year[7] - The total revenue for the year ended December 31, 2023, was CNY 266,121,752,000, with a significant contribution from external customers amounting to CNY 251,137,103,000[15] - The operating profit before tax was CNY 66,437,894,000, indicating strong profitability for the company[15] - The company achieved a total operating revenue of CNY 223,297,526,000, with significant contributions from various business segments[16] Dividends - The company proposed a final dividend of RMB 1.243 per share, leading to a total annual dividend of RMB 1.441 per share, a 2.9% increase year-on-year[4] - The interim dividend for 2023 was proposed at RMB 0.198 per share, compared to RMB 0.182 per share in 2022, marking an increase of 8.8%[25] - The proposed final dividend for 2023 is RMB 1.243 per share, totaling approximately RMB 8,863,758,000, based on the latest issued share count of 7,130,939,579 shares[25] Revenue Breakdown - The revenue from the development and sales business was RMB 212.08 billion, showing a year-on-year growth of 20.4%[2] - The recurring revenue from core operations was RMB 39.06 billion, representing a year-on-year growth of 26.4% and accounting for 15.6% of total revenue[2] - The revenue from rental income was CNY 16,033,159,000, contributing to the overall revenue stream[15] - The total revenue from external customers in the real estate segment was CNY 207,061,119,000, demonstrating strong market demand[16] - The operating revenue from shopping centers reached RMB 17.85 billion, marking a year-on-year increase of 29.7%[35] - The operating revenue from the agency operation business reached RMB 600 million, reflecting a year-on-year growth of 95.7%[38] Assets and Liabilities - The total assets as of December 31, 2023, amounted to CNY 784,360,847, compared to CNY 713,284,627 at the end of 2022, indicating a growth of 9.9%[8] - The total liabilities were CNY 584,205,857, an increase from CNY 527,256,053, marking a rise of 10.8%[9] - The company's cash and cash equivalents reached CNY 112,675,092, up from CNY 95,544,576, showing a growth of 18.0%[8] - The company's total equity increased to CNY 384,149,054 from CNY 341,707,050, representing a growth of 12.4%[9] - The company's long-term borrowings decreased to CNY 42,576,778 from CNY 52,336,890, a reduction of 18.0%[9] Debt and Financing - As of the end of 2023, the net debt-to-equity ratio decreased by 6.2 percentage points to 32.6%, with the weighted average cost of debt financing dropping by 19 basis points to 3.56%[4] - The group's total consolidated borrowings amounted to RMB 239.53 billion, with cash and bank deposits of RMB 114.34 billion, resulting in a net debt to equity ratio of 32.6%, down 6.2 percentage points from the end of 2022[68] - The group successfully raised nearly RMB 7 billion through the listing of its first consumer infrastructure REIT project, establishing a commercial REIT platform[36] Operational Highlights - The total contracted sales for the year amounted to RMB 307.03 billion, a year-on-year increase of 1.9%, with a contracted area of 13.07 million square meters[4] - The company added land reserves with a construction area of 13.25 million square meters, bringing total land reserves to approximately 62.5 million square meters by the end of 2023[4] - The company opened 10 new shopping centers in 2023, bringing the total number of operational shopping centers to 76 by year-end[55] - The company acquired 68 new projects during the year, with 92.8% of investments in first and second-tier cities[35] Taxation - The corporate income tax expense for the year ended December 31, 2023, was RMB 17,638,219,000, compared to RMB 10,688,929,000 for the year ended December 31, 2022, representing a 65.5% increase[18] - The total income tax expense, including deferred tax, for the year ended December 31, 2023, was RMB 29,134,131,000, compared to RMB 23,139,594,000 for the year ended December 31, 2022, reflecting a 25.8% increase[18] Corporate Governance - The company has adhered to corporate governance codes and maintained compliance with the relevant rules during the reporting period, with a noted exception regarding the separation of roles between the Chairman and CEO[77] - The audit committee, consisting of five independent non-executive directors and one non-executive director, has reviewed the annual performance for the year ending December 31, 2023[80] - The company's auditor, PwC, confirmed that the financial data disclosed in the preliminary announcement is consistent with the audited consolidated financial statements for the year ending December 31, 2023[81]