Greenland Holdings(SH:600606)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥544.29 billion, representing a 19.43% increase compared to ¥455.75 billion in 2020[15]. - The net profit attributable to shareholders of the listed company for 2021 was approximately ¥6.18 billion, a decrease of 58.80% from ¥14.99 billion in 2020[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥5.66 billion, down 60.62% from ¥14.36 billion in 2020[15]. - The net cash flow from operating activities for 2021 was approximately ¥62.23 billion, an increase of 39.16% compared to ¥44.72 billion in 2020[15]. - The total assets at the end of 2021 were approximately ¥1.47 trillion, reflecting a 5.14% increase from ¥1.40 trillion at the end of 2020[15]. - The net assets attributable to shareholders of the listed company at the end of 2021 were approximately ¥89.97 billion, a 6.13% increase from ¥84.78 billion at the end of 2020[15]. - The weighted average return on equity was 7.1%, reflecting a decrease compared to previous years[24]. - Basic earnings per share decreased by 58.97% to RMB 0.48 compared to 2020[16]. - The diluted earnings per share also decreased by 58.97% to RMB 0.48 compared to 2020[16]. - The company reported a net profit of RMB 3.9 billion in Q1 2021, but faced a loss of RMB 5 billion in Q4 2021[18]. Capital Management - The company plans to increase its total share capital by 1,277,656,210 shares through a capital reserve transfer, resulting in a new total of approximately 14.05 billion shares[3]. - The company does not plan to distribute cash dividends or issue bonus shares for the 2021 fiscal year[3]. - The company reduced interest-bearing liabilities by RMB 81.2 billion in 2021, exceeding expectations and regulatory requirements[24]. - The financial expenses surged by 58.30% to approximately ¥7.08 billion, attributed to increased interest expenses and exchange rate fluctuations[44]. Project Development and Sales - The company achieved a total contract sales amount of CNY 290.2 billion and a sales area of 23.27 million square meters, with a cash collection of CNY 277.2 billion and a collection rate of 96%[25]. - The company delivered 27.23 million square meters of properties, marking the largest scale in recent years, resulting in a revenue recognition of CNY 205 billion[25]. - The company acquired 45 new projects with a land area of 3.2 million square meters and a total land cost of CNY 32.2 billion[26]. - The company achieved a total revenue of 92,397.00 million, representing an 80% increase compared to the previous year[62]. - The company reported a revenue of 327,923.53 million for the Hubei province, with a total of 724,521.53 million in the annual report[64]. - The company achieved a revenue of 479,133.30 million in Jiangxi Province, with a growth rate of 58%[85]. Market Expansion and Strategic Initiatives - The company is actively expanding its overseas real estate projects, having entered markets in the USA, UK, Canada, and Australia[35]. - The company is focusing on technological advancements, as evidenced by a revenue of 494,959.65 million in the Xiangyang area, with a 65% performance rating[64]. - The company is exploring acquisition strategies to enhance its market share, particularly in the Jiangsu region, where revenue reached 492,420.36 million[64]. - The company is focusing on expanding its commercial projects, with ongoing developments in Wuhan expected to generate significant revenue, including the Green Valley Center City project with a projected revenue of 677,489.43 million[85]. - The company is expanding its market presence in Henan province, with multiple ongoing projects valued at over 1 billion[82]. Risk Management - The company has disclosed major risks in its report, which investors should review in the section on management discussion and analysis[5]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[4]. Research and Development - Research and development expenses rose to approximately ¥1.74 billion, an increase of 47.24% compared to ¥1.18 billion last year, driven by investments in new construction methods and technologies[43][44]. - The company is committed to ongoing research and development, aiming to introduce innovative solutions that meet evolving customer needs[70]. Sustainability and Innovation - The company is committed to sustainable development practices in its ongoing projects, aiming to improve overall project efficiency and environmental impact[88]. - The company is focusing on new technology development and market expansion, with several projects in various stages of construction across multiple regions[1]. User Engagement and Customer Satisfaction - User data indicates that the company achieved a total of 270,159.77 million in revenue from the Zhengzhou area, with an 80% performance rating[62]. - Customer satisfaction ratings improved to 90%, indicating a strong positive response to recent service enhancements[101].