NHPRECL(SH:600638)2022-04-29 16:00Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of 109,943,649.84 CNY, a decrease of 59.10% compared to 2020[4]. - The company's operating revenue for 2021 was 3,586,081,119.42 CNY, representing a significant increase of 200.31% from 2020[19]. - The basic earnings per share for 2021 were 0.1633 CNY, down 59.08% from 0.3991 CNY in 2020[20]. - The total assets of the company at the end of 2021 were 21,441,169,624.77 CNY, an increase of 6.71% compared to the end of 2020[19]. - The company's net assets attributable to shareholders at the end of 2021 were 4,363,001,178.93 CNY, a slight increase of 1.16% from the end of 2020[19]. - The weighted average return on equity for 2021 was 2.53%, a decrease of 3.86 percentage points from 2020[20]. - The company reported a net profit of 75,498,824.16 CNY after deducting non-recurring gains and losses, which is a 3.40% increase from 2020[19]. - The company reported a net profit attributable to shareholders of CNY 109.94 million, a decrease of 59.10% compared to the previous year[48]. - The company achieved a total sales revenue of RMB 405,414.94 million and a sales area of 271,665.67 square meters during the reporting period[68]. Cash Flow and Dividends - The net cash flow from operating activities for 2021 was 1,614,383,136.57 CNY, an increase of 19.43% from 2020[19]. - The company plans to distribute a cash dividend of 0.5 CNY per 10 shares, totaling 33,669,839.30 CNY[4]. - Cash flow from operating activities increased by 19.43% to CNY 1.61 billion, driven by increased cash collection from property sales[47]. - The total distributable profit available to the parent company at the end of 2021 was 2,414,845,115.62 yuan, after accounting for the beginning retained earnings of 2,236,575,870.64 yuan[132]. Real Estate Development - The company achieved a 71.67% increase in real estate sales revenue, totaling CNY 3.605 billion, successfully countering the tightening of real estate financing policies[31]. - The total contract sales amount for the year reached 2.168 billion yuan, with cash recovery of 1.682 billion yuan[32]. - The Huzhou Nanxun project achieved contract sales of 1.154 billion yuan and cash recovery of 1.128 billion yuan[32]. - The company’s affordable housing projects generated cash recovery of 0.94 billion yuan, 1.79 billion yuan, and 4.43 billion yuan from Fengxian, Baoshan, and Songjiang respectively[32]. - The company completed key construction projects on schedule despite challenges posed by the pandemic, with significant progress reported in multiple projects by year-end[27][30]. Financial Services and Investments - The company’s investment in trading financial assets increased significantly, with a change of CNY 94.44 million in the year[28]. - The financial services segment generated revenue of CNY 10.82 million, with a gross margin of 63.86%, despite an 88.23% decline in revenue compared to the previous year[51]. - The company has expanded its financial business by obtaining multiple financial licenses, including futures, trusts, and funds, to enhance its integration with the real estate sector[43]. - The company reported a decrease in investment income by 48.58% to CNY 52.55 million, reflecting reduced earnings from equity method investments[48]. - The company’s asset management business scale grew to 2.3 billion yuan, an increase of 247% year-on-year[37]. Challenges and Market Conditions - The company faced challenges from rising material costs and supply chain disruptions but implemented measures to mitigate these impacts on project timelines[29]. - The company anticipates challenges in the real estate sector due to economic downturns, including slowed income growth affecting large-scale consumption and potential market uncertainties from previous regulatory measures[89]. - The company is focusing on the development of long-term rental housing markets, supported by government policies aimed at increasing supply[40]. Governance and Management - The company maintained a strong focus on market expansion, adapting sales strategies to leverage market recovery opportunities in the first half of the year[31]. - The company’s management team was strengthened, leading to improved governance and the initiation of a new development plan[26]. - The board of directors convened thirteen times, actively engaging with management to ensure scientific decision-making[93]. - The company emphasizes compliance and risk management in its financial operations, aiming to strengthen its core competitiveness through improved governance and operational frameworks[86]. Social Responsibility and Sustainability - The company emphasizes sustainable development by promoting green energy technologies in real estate projects[140]. - The company adheres to a "green ecology, low-carbon environmental protection" philosophy in its operations[138]. - The company established a scholarship fund of 1 million RMB to support outstanding students at Huzhou Nanxun High School[138]. - The company donated 200,000 RMB to support potato seed procurement for disaster-affected farmers in Gansu, directly assisting 352 households[141]. - The company contributed 45,920 RMB to aid post-disaster reconstruction efforts in Henan[142]. Future Outlook and Strategic Plans - The company plans to secure 1-2 quality real estate projects in key markets such as Hangzhou, Nanjing, and Shanghai through proactive resource acquisition and innovative models[88]. - The company is focusing on new product development and technological advancements to stay competitive in the market[103]. - The company is exploring new markets to diversify its revenue streams and reduce dependency on existing markets[103]. - The company aims to enhance its "dual-wheel drive" development strategy, focusing on strengthening its real estate core business while optimizing its financial services, transitioning towards a balanced development model between real estate and financial investments[81].