Financial Performance - In 2022, contracted sales surpassed RMB 100.3 billion[22]. - Contracted sales for 2022 amounted to RMB 39,791 million, a decrease of 58.4% compared to RMB 95,590 million in 2021[71]. - Recognized revenue for 2022 was RMB 24,423.7 million, down 44.0% from RMB 43,635.2 million in 2021[71]. - Gross profit for 2022 decreased by 72.1% to RMB 3,362.7 million from RMB 12,053.1 million in 2021[71]. - The company reported a loss attributable to owners of the Company of RMB 9,936.3 million in 2022, compared to a profit of RMB 3,260.2 million in 2021, marking a decline of 404.8%[71]. - Core net loss for 2022 was RMB 9,564.7 million, a significant drop from a profit of RMB 4,802.4 million in 2021, representing a change of 299.2%[71]. - The Group's revenue for 2022 was RMB 24,423.7 million, a decrease of 44.0% compared to 2021[116]. - The loss for 2022 amounted to RMB 9,619.5 million, a decrease of RMB 14,373.4 million from the profit in 2021[120]. - The core net loss for 2022 was RMB 9,564.7 million, down RMB 14,367.1 million from the core profit in 2021[120]. - Loss attributable to the owners of the Company for 2022 was RMB 9,936.3 million, a decrease of RMB 13,196.5 million from the profit attributable to owners in 2021[120]. - Basic loss per share for 2022 was RMB 4.76, compared to basic earnings per share of RMB 1.66 in 2021[120]. Assets and Liabilities - As of December 2022, the Group's total assets exceeded RMB 149.9 billion[16]. - Total assets as of December 31, 2022, were RMB 149,927.3 million, down from RMB 198,393.0 million in 2021[71]. - Total liabilities decreased to RMB 130,020.9 million in 2022 from RMB 155,738.2 million in 2021[71]. - Cash and bank balances at the end of 2022 were RMB 6,749.4 million, a decline from RMB 20,657.2 million in 2021[71]. - The total land bank at the end of 2022 was 15,629,940 sq.m., a decrease from 19,944,103 sq.m. in 2021[74]. Market Presence and Strategy - The company has 138 projects at different development stages, providing quality living apartments and services for approximately 600,000 homeowners[17]. - Times China has been focusing on the Guangdong-Hong Kong-Macau Greater Bay Area while entering other high-growth potential regions in China[17]. - The company has successfully entered the Chengdu market, marking a new strategic breakthrough[24]. - The company aims to become a Global 500 company, focusing on better products and services for consumers[18]. - The company continues to adhere to its corporate strategy of "Regional Focus, Cities Penetration, and Product Diversification"[27]. - The company has set a target to expand its market presence by entering three new cities in 2023, aiming for a 20% increase in market share in these regions[86]. - Times China is exploring potential mergers and acquisitions to diversify its portfolio, with a focus on acquiring smaller real estate firms in emerging markets[86]. - The company is actively expanding its portfolio with multiple projects across various regions, indicating a strong growth strategy in the residential and commercial sectors[136]. Operational Efficiency and Management - The company conducted proactive debt management in 2022, aiming to lower the gearing level to maintain healthy operations[61]. - The company emphasizes the importance of organic growth and long-term strategies, aiming to adjust and optimize its business model for high-quality development in 2023[66]. - The management emphasized a commitment to sustainability, aiming to implement green building practices in 100% of new projects by 2025[86]. - The company aims to improve operational efficiency, targeting a 15% reduction in costs through new management strategies[104]. - The management structure includes a mix of executive directors and non-executive directors, enhancing governance and oversight[92][93]. Charitable Activities - The company focused on four major areas for charitable activities: education, arts, medical care, and poverty relief, benefiting over 600,000 children in rural areas[62]. Future Outlook - Looking forward to 2023, the company expects a general recovery in the Chinese economy and acknowledges that the real estate industry will continue to undergo structural reforms[65][66]. - The overall economy in China is expected to improve in 2023, driven by macro policies focused on stable economic growth[163][164]. - The real estate market is expected to gradually stabilize with the introduction of supportive government policies aimed at boosting market confidence[165][167].
时代中国控股(01233) - 2022 - 年度财报