Sales Performance - In 2021, Greentown China achieved a contracted sales amount of RMB 350.9 billion, ranking 7th in the industry, with a year-on-year growth of 21%[11]. - In 2021, Greentown China achieved contracted sales of RMB 350.9 billion, representing a year-on-year increase of 21%, ranking first among the Top 10 real estate enterprises in growth rate[43][44]. - The company ranked 7th in sales scale, improving from 8th in 2020, with newly-added value ranking 4th in the industry, over 70% of which was concentrated in first- and second-tier cities[47][51]. - Contracted sales area reached approximately 15.57 million sqm with a total sales amount of RMB350.9 billion, reflecting a year-on-year growth of 21%[185]. - The average selling price of self-investment projects was approximately RMB28,416 per sqm, up from RMB26,012 per sqm in 2020[185]. - The overall sell-through rate of self-investment projects was 69%, with first- and second-tier cities achieving a rate of 71%[192]. Financial Performance - The company achieved a revenue of RMB 100,240,064,000 for the year ended December 31, 2021, marking a significant increase from previous years[74]. - Profit attributable to owners of the company was RMB 4,469,175,000 for the year ended December 31, 2021, reflecting a strong performance[75]. - Revenue for 2021 reached RMB 100,240,064, representing a 52.5% increase from RMB 65,782,531 in 2020[80]. - Gross profit for 2021 was RMB 18,168,480, up from RMB 15,572,900 in 2020, indicating a gross margin improvement[80]. - Net profit for the year amounted to RMB7,687 million, representing a growth of 33.4% from RMB5,763 million in 2020[182]. - Profit attributable to owners of the Company for 2021 was RMB 4,469 million, up 17.7% from RMB 3,796 million in 2020[182]. - Core profit attributable to owners, after adjustments, was RMB 5,765 million, an increase of 44.4% from RMB 3,993 million in 2020[183]. Strategic Initiatives - The company focuses on nine major real estate-related businesses as part of its "Strategic 2025" plan, aiming to be a quality benchmark in the industry[22]. - The company has implemented the "Strategic 2025" plan, focusing on long-term and fundamental issues while optimizing its development strategy[47][49]. - A strategic transformation is underway, shifting from "building houses" to "building lives," with an emphasis on customer-centric product innovation[55]. - The company aims to build the No. 1 brand of "integrated service provider for an ideal life" in China through innovation and mixed ownership practices[23]. - The company is committed to sustainable development amidst increasing industry concentration and restructuring[61]. Market Position and Recognition - Greentown China has been awarded "Top10 among 100 Chinese Real Estate Enterprises by Comprehensive Strength" for 18 consecutive years[10]. - Greentown China has received recognition for its customer satisfaction, being ranked No. 1 in the country for 11 consecutive years[10]. - Greentown China has been awarded the "Chinese Real Estate Leading Brands by Customer Satisfaction" for 10 consecutive years, ranking first in satisfaction across 14 cities and first in loyalty across 9 cities in the 2021 Residential Satisfaction Survey[43][44]. - Greentown China was recognized as one of the "Top 500 Chinese Enterprises" and ranked first in multiple authoritative product strength rankings[178]. Operational Efficiency - The comprehensive financing cost continued to decrease, enhancing the company's financial stability[11]. - The company's debt structure has continued to be optimized, with financing costs remaining low in the industry, enhancing its sustainable development capabilities[51]. - Greentown China has strengthened its standardization and optimized investment decision-making mechanisms, leading to more efficient operations and management[47][50]. - The company has made significant improvements in organizational structure, streamlining administration and delegating power for more efficient decision-making[47][50]. - Organizational restructuring is being prioritized to empower subsidiaries for quicker market decision-making[63]. Project Development and Portfolio - The newly-added saleable value reached approximately RMB 313.7 billion, contributing to the company's sustainable development[11]. - The total gross floor area (GFA) of the property portfolio exceeded 58.81 million sqm, with 256 projects across various regions[86]. - The Yangtze River Delta Area accounted for 52% of the total GFA, with 146 projects in this region[86]. - The company has a significant presence in overseas markets, with 3 projects contributing to the overall portfolio[86]. - The company has a diverse property portfolio that includes residential, commercial, and mixed-use developments across Zhejiang province[100]. Future Outlook - Future outlook includes continued expansion in key regions and potential new product developments[90]. - The company plans to enhance its market position through strategic acquisitions and partnerships[90]. - The company aims to enhance its market presence through strategic acquisitions and new project developments in key urban areas[100]. - The company is actively pursuing market expansion with a 37% stake in Wenzhou Fengqi Yuming, which has a GFA of 513,526 sqm[108].
绿城中国(03900) - 2021 - 年度财报