Land Reserve and Development - The total land reserve of the company as of December 31, 2021, is approximately 4.1 million square meters[3]. - The group has a total land reserve of approximately 4.1 million square meters across 12 cities, with an average land cost of RMB 1,873 per square meter[70]. - The total land reserve as of December 31, 2021, includes various projects with a total area of 1,000,000 square meters, of which 300,000 square meters are completed and unsold[73]. - The total land reserve includes completed properties, properties under construction, and land held for future development, totaling approximately 2,662,853 square meters[172]. - The total area of land held for future development is estimated at 999,206 square meters, which is crucial for the company's growth strategy[172]. Financial Performance - The interim dividend declared is RMB 0.0363 per share, while the proposed final dividend is RMB 0.0097 per share[51]. - Jiangsu Jingye Mingbang Group Holdings Co., Ltd. reported a significant increase in revenue for 2021, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 15%[184]. - The company reported a net profit margin of 18% for 2021, indicating strong financial health and effective cost management strategies[188]. - Future outlook remains positive, with the company guiding for a revenue increase of 10% to 12% in 2022, driven by ongoing project launches and market penetration strategies[194]. Business Segments and Strategy - The company focuses on four main business segments: property development and sales, hotel operations, property management, and commercial property investment[3]. - The company positions itself as an "ecological and cultural real estate developer"[3]. - The company is actively pursuing a cautious yet aggressive land acquisition strategy, focusing on high-quality land with superior ecological and cultural resources[181]. - The company aims to diversify its product offerings, introducing at least three new residential projects in 2022 to cater to varying customer needs[196]. Project Development and Management - The company aims to build homes and communities that are truly suitable for buyers to live in, leveraging natural resources and cultural heritage[3]. - The company is committed to delivering projects on time, with several slated for completion in 2023 and 2024, ensuring a steady revenue stream[21][23]. - The company has multiple projects with varying completion dates, with the earliest being December 2015 and the latest projected for December 2023[73][74][77]. - The company expanded its project portfolio with new developments in Guangdong, including Jingye Lidu in Conghua and Jingye Donghu Zhouhao Yuan in Nansha, contributing to overall market expansion[188]. Market Presence and Customer Base - User data indicates a growing customer base, with an increase of 20% in new buyers compared to the previous year, reflecting strong market demand[191]. - Market expansion efforts include targeting tier-2 and tier-3 cities, with plans to establish a presence in at least five new locations by the end of 2022[194]. - The company has a significant focus on residential projects, with various developments in Guangdong and Yunnan provinces, indicating a strong market presence[21][29]. Operational Efficiency and Technology - Operational efficiency improved, with a reduction in costs by 5% due to streamlined processes and better supply chain management[199]. - The company is investing in new technologies to enhance project efficiency, with a budget allocation of 50 million RMB for R&D in 2022[197]. - The group introduced the "Tianwen Property ERP System" management platform to enhance property management efficiency[56]. Recognition and Awards - The company has been recognized with various honors and awards in 2021[4]. - The group was recognized as one of the top 200 real estate companies in China in 2021[58]. - The group has received multiple awards, including the 2021 IIDA Award for Innovation for the Zengcheng Shitan Sales Center[62].
景业名邦集团(02231) - 2021 - 年度财报