碧桂园(02007) - 2021 - 年度财报

Corporate Social Responsibility - Country Garden has contributed to the modernization of over 1,400 towns and has provided housing for more than 4.5 million homeowners[7]. - The company has participated in social charity donations exceeding 10 billion RMB and has helped 490,000 people escape poverty[9]. - Country Garden's annual tax contribution exceeds 60 billion RMB[9]. - The company aims to create affordable housing and contribute to the happiness of society as a high-tech comprehensive enterprise[28]. - Yang Huiyan has received multiple awards for her contributions to charity and poverty alleviation, highlighting the company's commitment to social responsibility[88]. Financial Performance - The company's revenue for the year was approximately RMB 523.1 billion, with a net profit of approximately RMB 40.98 billion, and core net profit attributable to shareholders was about RMB 26.93 billion[31]. - The company reported a revenue of RMB 523.1 billion in 2021, an increase from RMB 462.9 billion in 2020, representing a growth of approximately 13.5%[63]. - The attributable profit to shareholders was RMB 26.8 billion in 2021, down from RMB 35.0 billion in 2020, indicating a decline of about 23.1%[63]. - The company’s basic earnings per share for 2021 was RMB 1.22, compared to RMB 1.62 in 2020[61]. - The total attributable profit for the year 2021 was RMB 40.982 billion, reflecting a decrease from RMB 54.118 billion in 2020[61]. Market Expansion and Strategy - The company aims to strengthen its real estate industry chain through financial means and enhance community resource integration[14]. - The company remains optimistic about the long-term growth of the national economy and the real estate market's return to a healthy cycle[31]. - The company is focusing on expanding its market presence in second and third-tier cities, which represent a strategic growth area[39]. - The company is actively pursuing new strategies for market expansion and product development to enhance its competitive position[48]. - The company plans to increase its overseas investment by 40% over the next three years[100]. Project Development and Sales - In 2021, the company achieved a contract sales amount of approximately RMB 558 billion, with 68% of sales contributions coming from third- and fourth-tier cities[31]. - The total sell-through rate for the year reached 67%, while the equity collection amount was approximately RMB 502.2 billion, maintaining a collection rate of over 90% for six consecutive years[31]. - The company has signed or acquired a total of 3,216 projects in mainland China, covering all 31 provinces, autonomous regions, and municipalities[31]. - The company has a significant project in Huizhou with a total saleable area of 475,020 square meters, of which 293,189 square meters have been completed and sold[51]. - The company has ongoing projects with a total saleable area of 1,107,282 square meters, of which 799,772 square meters are pre-sold and awaiting delivery[49]. Technological Innovation - Country Garden has established a robotics company focusing on construction robots and smart building systems[6]. - The company has commercialized 18 types of construction robots, covering over 350 projects across 25 provinces, with a cumulative application area exceeding 7 million square meters[33]. - The group incurred research and development expenses of approximately RMB 3.308 billion in 2021, focusing on smart construction and diversified investment portfolios[83]. - Investment in new technology development has increased by 30%, focusing on sustainable building solutions[100]. - A new partnership with a leading tech firm aims to integrate smart home technologies into future developments[100]. Governance and Management - The company has a strong governance structure with various committees overseeing environmental, social, and governance (ESG) initiatives[88]. - The board of directors consists of 7 executive directors and 6 independent non-executive directors as of December 31, 2021[113]. - The company emphasizes a culture of open discussion, particularly encouraging contributions from non-executive and independent non-executive directors[129]. - The company has adopted a strategic management mechanism to identify and assess potential opportunities and challenges, formulating long-term development strategies and action plans[112]. - The company has implemented procedures for handling and disclosing inside information, ensuring compliance with disclosure regulations[156]. Debt and Financial Management - As of December 31, 2021, the group had cash and cash equivalents totaling approximately RMB 181.3 billion, with interest-bearing debt reduced to RMB 317.9 billion and a net debt ratio of 45.4%, optimized by 10.2 percentage points compared to the previous year[32]. - The company redeemed priority notes with a total face value of USD 1,226 million during the year, replacing high-cost financing with lower-cost options[75]. - The net gearing ratio improved from approximately 55.6% on December 31, 2020, to approximately 45.4% on December 31, 2021[76]. - The company raised approximately RMB 18,899 million from newly issued corporate bonds, which will be used for refinancing existing debts and general working capital[177]. - The company has a formal and transparent compensation policy for directors and senior management, which is reviewed annually by the Compensation Committee[138]. Environmental and Sustainable Development - The company aims to integrate sustainable development concepts into its operations, responding to the national "dual carbon" strategy[34]. - The company is focused on sustainable development and optimizing its operational structure to enhance efficiency[93]. - The management emphasized a commitment to sustainability, with plans to reduce carbon emissions by 30% over the next five years[108]. - The company is committed to supporting the construction of affordable housing projects in response to national calls[83]. - The company has established a systematic information disclosure and communication platform to enhance transparency and governance[164].