Financial Performance - The group's revenue for the fiscal year 2024 was approximately RMB 1.73 billion, with a gross profit of approximately RMB 312 million[2]. - The total revenue for the fiscal year 2024 was RMB 1,725,922,000, with a gross profit of RMB 311,797,000[4]. - The operating loss for the fiscal year 2024 was RMB 1,826,304,000, compared to an operating loss of RMB 668,420,000 in the previous year[4]. - The net loss for the fiscal year 2024 was RMB 1,513,469,000, compared to a net loss of RMB 863,319,000 in the previous year[4]. - The total comprehensive loss for the year amounted to RMB 1,599,598 thousand, compared to RMB 863,215 thousand in the previous year, indicating a significant increase in losses[6]. - The basic loss per share attributable to the company's shareholders was RMB 0.327, compared to RMB 0.189 in the previous year, reflecting a deterioration in financial performance[6]. - The company reported a net loss attributable to shareholders of RMB 94,087,000 for the fiscal year 2024[4]. - The group reported a loss before income tax of RMB 1,532,332,000 in 2024, up from a loss of RMB 823,318,000 in 2023, reflecting a worsening financial position[36]. - The company reported a net loss attributable to shareholders of RMB 1,509,333,000 for the year ending December 31, 2024, compared to a loss of RMB 860,793,000 for the previous year[44]. Assets and Liabilities - The company's total assets decreased from RMB 19,353,585 thousand in the previous year to RMB 9,323,292 thousand, showing a substantial decline in asset value[7]. - The total liabilities increased from RMB 14,379,696 thousand to RMB 5,056,091 thousand, suggesting a rise in financial obligations[7]. - As of December 31, 2024, the total liabilities amounted to RMB 10.88 billion, a decrease from RMB 17.28 billion[9]. - The group had a net current liability of approximately RMB 4.21 billion as of December 31, 2024[16]. - The company’s total liabilities, including accounts payable and other payables, were RMB 7,512,035 thousand in 2024, down from RMB 8,082,921 thousand in 2023[53]. - The company reported a total of RMB 982,714 thousand in payable engineering materials and service fees for 2024, compared to RMB 1,875,348 thousand in 2023, reflecting a decline of about 48%[54]. Revenue and Sales - For the fiscal year ending December 31, 2024, the contracted sales amount for Chinese real estate was approximately RMB 5.83 billion, corresponding to a contracted area of approximately 289,000 square meters[2]. - The total salable value of new real estate for the fiscal year 2024 was approximately RMB 10.62 billion, with a remaining salable value of approximately RMB 117.13 billion as of December 31, 2024[2]. - The company confirmed property sales revenue of approximately RMB 1.34 billion from subsidiaries, down from RMB 8.62 billion in 2023, primarily from projects in Chengdu, Suzhou, and various locations in the United States[71]. - The average selling price in China was approximately RMB 13,527 per square meter, down from RMB 20,366 per square meter in 2023, while the average selling price in the U.S. was approximately RMB 19,620 per square meter, up from RMB 18,828 per square meter in 2023[71]. - The company has a total of 30,293 units under contract sales, with a total sales value of RMB 24.62 billion and a total area of 745,824 square meters[66]. Cash Flow and Liquidity - The company’s cash and cash equivalents decreased from RMB 988,161 thousand to RMB 553,065 thousand, highlighting a decline in liquidity[7]. - The group is actively negotiating with defaulted priority noteholders to reach agreements and is closely monitoring compliance with financial covenants[18]. - The group has implemented plans to alleviate cash flow pressure and improve its cash position, including timely payments to contractors and suppliers[17]. - The group plans to continue adjusting sales and pre-sale activities to better respond to market demand and improve cash collection from sales[19]. - The company reported a cash and cash equivalents balance of approximately RMB 616 million as of December 31, 2024, down from RMB 1.09 billion in 2023[80]. Future Strategies and Market Position - The company plans to focus on market expansion and new product development as part of its future strategy[6]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[6]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[50]. - The company is focusing on enhancing its development and management services, which contributed approximately RMB 387 million in revenue for the fiscal year[70]. - Future projections indicate a strong market presence with a focus on enhancing equity project values and expanding rental property offerings[66]. Accounting and Compliance - The company is evaluating the impact of new accounting standards and interpretations that will take effect starting January 1, 2024, with a conclusion that they are unlikely to have a significant impact on the consolidated financial statements[23]. - The financial statements are prepared in thousands of RMB, ensuring clarity in reporting[12]. - The audit committee consists of three independent non-executive directors responsible for reviewing the company's financial reporting procedures and risk management[111]. - The group's auditor has confirmed that the figures in the performance announcement are consistent with the audited consolidated financial statements for the fiscal year[112]. Shareholder and Equity Information - Major shareholder reduced their stake to approximately 21.82% as of December 31, 2024, losing control but retaining significant influence[11]. - The total equity attributable to shareholders was RMB 38.70 million, with a significant decrease in reserves to RMB (1.54 billion)[9]. - The company has no dividend distribution announced for the year 2023[47]. - The company does not plan to declare any final dividend for the fiscal year 2024[100].
朗诗绿色管理(00106) - 2024 - 年度业绩