中国海外发展(00688) - 2022 - 年度业绩

Financial Performance - The group's total revenue for the year was RMB 180.32 billion, a decrease from RMB 242.24 billion in the previous year[4] - The profit attributable to shareholders was RMB 23.26 billion, down from RMB 40.16 billion in the previous year, with a basic earnings per share of RMB 2.13[3] - The group's operating profit was RMB 34.88 billion, significantly lower than RMB 60.31 billion in the previous year[4] - The total comprehensive income for the year was RMB 23.08 billion, compared to RMB 43.07 billion in the previous year[5] - In 2022, the company's net loss was RMB 4,283,299 thousand, compared to a net profit of RMB 2,457,232 thousand in 2021, indicating a significant decline in performance[14] - Basic and diluted earnings per share for 2022 were RMB 2.13, down from RMB 3.67 in 2021, reflecting a decline of approximately 42%[18] - The total income tax expense for 2022 was RMB 11,450,757 thousand, a decrease of approximately 43.1% from RMB 20,068,125 thousand in 2021[16] Property Sales and Development - The group's property sales amounted to RMB 294.76 billion, corresponding to a sales floor area of 13.87 million square meters[2] - The property development segment generated revenue of RMB 174,510,638 thousand, while the property investment segment contributed RMB 4,740,607 thousand, and other businesses added RMB 1,070,324 thousand[12] - The segment profit for property development was RMB 32,273,653 thousand, while property investment generated a profit of RMB 7,264,477 thousand, and other businesses contributed RMB 55,558 thousand, leading to a total segment profit of RMB 39,593,688 thousand[12] - The average selling price of the company's properties was RMB 25,548 per square meter in 2022, reflecting a year-on-year increase of 12.5%[29] - The company maintained a stable pricing system despite a market environment of declining volume and prices, with a sales average of RMB 21,251 per square meter across its series of companies, up 8.7% year-on-year[29] Land Acquisition and Reserves - The group acquired 40 new land parcels in 16 cities in mainland China, adding a total floor area of 7.39 million square meters, bringing total land reserves to 68.42 million square meters[2] - The company acquired 40 new land parcels in 16 cities in mainland China, totaling a gross floor area of 7.39 million square meters (actual equity area of 6.09 million square meters) with a total land cost of RMB 110.72 billion (equity land cost of RMB 86.38 billion)[39] - As of December 31, 2022, the company's total land reserves reached 64.42 million square meters (actual equity of 57.58 million square meters)[41] Financial Position and Borrowings - As of December 31, 2022, the group's total borrowings were RMB 270.39 billion, with cash and bank balances of RMB 110.31 billion, resulting in a net gearing ratio of 45.2%[2] - The equity attributable to shareholders increased by 3.2% to RMB 354.48 billion, with a net asset value per share of RMB 32.39[2] - The average financing cost for the group was 3.57%, which is among the lowest in the industry, with a cash reserve of RMB 110.31 billion[30] - The group's total financing for the year amounted to RMB 94.32 billion, with RMB 20.04 billion in new overseas loans signed, including a five-year syndicated loan of HKD 12.11 billion[45] Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.40 per share, totaling an annual dividend of HKD 0.80 per share[2] - The company proposed a final dividend of HKD 0.40 per share for the year ended December 31, 2022, amounting to approximately RMB 3,826,331 thousand, pending shareholder approval[19] Operational Efficiency and Cost Management - The group’s distribution and administrative expenses accounted for 3.6% of total revenue, indicating a leading cost efficiency in the industry[33] - The company recorded a net other income of RMB 1,821,626 thousand in 2022, compared to RMB 1,616,669 thousand in 2021, an increase of about 12.7%[15] Sustainability and ESG Initiatives - The group aims to achieve peak carbon emissions before 2030 and strive for carbon neutrality before 2060 as part of its sustainability strategy[47] - The group has been recognized for its ESG initiatives, being selected as a constituent of the Hang Seng Sustainable Development Index for 13 consecutive years[47] - The group has established a sustainable procurement policy to enhance supplier compliance with ethical and environmental standards[49] Market Outlook and Strategic Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and drive future growth[10] - The company expects the real estate market to transition into a new cycle of healthy development as policies and market adjustments take effect[28] - The company plans to leverage its financial stability and ample funds to strengthen competitive advantages for sustainable high-quality development[28] Corporate Governance and Compliance - The company adhered to the corporate governance code as per the Hong Kong Stock Exchange Listing Rules for the year ending December 31, 2022[56] - The audit and risk management committee reviewed the accounting policies and the audited consolidated financial statements for the year ending December 31, 2022[58] - Ernst & Young confirmed that the figures in the performance announcement are consistent with the audited consolidated financial statements for the same period[58]