Financial Performance - The audited consolidated revenue for 2021 was RMB 4,968.7 million, representing a decrease of approximately 33.2% from 2020[17]. - Profit attributable to owners of the company was RMB 73.1 million, a decrease of 91.2% compared to RMB 827.9 million in 2020[15]. - The basic earnings per share decreased to RMB 1.3 cents from RMB 14.6 cents in 2020[15]. - The gross profit for 2021 was RMB 1,476 million, representing a decrease of approximately 34.2% from 2020[17]. - For the year ended December 31, 2021, the Group recorded total revenue of approximately RMB 4,968.7 million, representing a decrease of approximately 33.2% compared to RMB 7,438.9 million in 2020[151]. - Revenue from property sales constituted approximately 86.1% of the total income for the year, with a significant decrease in the total GFA of properties delivered in 2021 compared to 2020[151]. - The Group's cost of sales for the year was approximately RMB 3,492.5 million, a decrease of approximately 32.8% from RMB 5,194.0 million in 2020[152]. - Gross profit for the year was about RMB 1,476.1 million, representing a decrease of about 34.2% compared to RMB 2,244.9 million in the previous year, with a gross profit margin of approximately 29.7%[153]. Sales and Contracted Projects - Contracted sales amount increased to RMB 27,925.1 million, up 27.3% from RMB 21,944.1 million in 2020[15]. - The Group achieved a record high in contracted sales despite turbulent market conditions and "black swan" events, adhering to a core business philosophy of stability[20]. - As of December 31, 2021, the contracted GFA sold by the Group was approximately 1,175,362 sq.m., an increase from 1,099,215 sq.m. in 2020[112]. - The contracted sales area was approximately 1,175,362 sq.m., reflecting an increase of approximately 6.9% from the previous year, with an average selling price of approximately RMB 23,759 per sq.m., up approximately 19.0%[23]. - The total contracted amount for the projects listed in the report reached RMB 27,925.1 million, indicating robust sales performance across various cities[124]. Financial Position and Stability - Total cash increased by 33.6% to RMB 7,895.7 million from RMB 5,911.7 million in 2020[15]. - Total assets rose by 36.9% to RMB 57,240.3 million compared to RMB 41,820.0 million in 2020[15]. - The debt to asset ratio increased to 79.2% from 72.7% in 2020[15]. - The net gearing ratio improved to 76.3% from 83.9% in 2020[15]. - The Group maintained a strong financial position, being re-elected as one of the "Top 10 Financial Stability for Listed Real Estate Companies in Hong Kong" and awarded "Top 10 Investment Value for Listed Real Estate Companies in Hong Kong"[24]. Land Acquisition and Development Strategy - The Group executed 12 land transactions in various cities, totaling a gross floor area of approximately 1.93 million sq.m. and an expanded value of approximately RMB 28.4 billion[25]. - Zhong An has acquired 3 land parcels for "future communities" in Zhejiang Province, positioning itself as a pioneer in this sector[25]. - The Group's strategy focuses on urban development value in land acquisition, ensuring stable growth and development[25]. - The Group plans to deepen its strategic layout in the Yangtze River Delta region, leveraging brand advantages for continuous development[35]. - The Group's strategic focus on expanding its land bank is evident, with significant investments in new projects aimed at enhancing future growth potential[129]. Operational Performance - The Group delivered over 5,000 housing units in different cities, achieving a centralized delivery rate of over 90%[30]. - The Group's hotel operations improved quality and won multiple industry awards through vocational skills competitions[32]. - Hotel operations generated revenue of approximately RMB173.2 million, a decrease of about 5.1% from RMB182.5 million in 2020, with an overall occupancy rate of approximately 40%[136]. - Leasing revenue for 2021 was about RMB122.3 million, representing a decrease of about 15.6% compared to RMB144.8 million in 2020[140]. - The overall leasing rate for the Group's properties was 87%, down from 94% in 2020[140]. Future Outlook and Strategic Initiatives - The Group aims to create a sustainable business development path focused on enhancing life quality and asset appreciation for customers[35]. - The Group's future outlook remains positive, supported by the successful acquisition of new projects and strong sales performance in existing developments[129]. - The macroeconomic environment is expected to remain stable in 2022, with property investment anticipated to develop steadily and healthily due to improved long-term mechanisms in the property market[189]. - The group aims to transition from "building houses" to "building lifestyles," providing a full life cycle of better life solutions for Chinese families[190]. Governance and Compliance - The group has adopted corporate governance practices in compliance with the Corporate Governance Code, ensuring the safeguarding of shareholders' interests[198]. - The group is preparing a report on environmental, social, and governance aspects, which will be published on its and the Stock Exchange's websites[188]. - The Group will comply with regulatory rules, including the "three red lines," to maintain strategic and financial stability[35].
众安集团(00672) - 2021 - 年度财报