BEH-P(SH:600791)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥6.18 billion, representing a 189.71% increase compared to ¥2.13 billion in 2021[20]. - The net profit attributable to shareholders for 2022 was approximately ¥16.97 million, a 195.12% increase from ¥5.75 million in 2021[20]. - The basic earnings per share for 2022 was ¥0.0375, reflecting a 195.28% increase from ¥0.0127 in 2021[22]. - The weighted average return on equity for 2022 was 0.48%, an increase of 0.22 percentage points from 0.26% in 2021[22]. - The company reported operating revenue of 6.179 billion RMB, a year-on-year increase of 189.71%, and operating costs of 5.402 billion RMB, a year-on-year increase of 253.38%[42][44]. - The gross profit margin decreased by 15.75 percentage points year-on-year, with the main business revenue at 6.142 billion RMB and main business costs at 5.392 billion RMB[44]. - The company achieved total sales revenue of 4,201.26 million RMB during the reporting period, with a sold area of 133,481.32 square meters and a revenue recognition amount of 6,256.59 million RMB[64]. Cash Flow and Assets - The net cash flow from operating activities was negative at approximately -¥1.85 billion, a decrease of 184.55% compared to ¥2.19 billion in 2021[20]. - The total assets at the end of 2022 were approximately ¥20.15 billion, a decrease of 5.42% from ¥21.31 billion at the end of 2021[20]. - The company reported a significant asset transfer of Tianchuang Technology Building with a minimum listing price of 55.52 million yuan, later adjusted to 49.9695 million yuan[76]. - The company’s cash and cash equivalents decreased by 36.80% to CNY 157,686.31 million due to reduced sales collections[56]. - Accounts receivable decreased by 4.84% to CNY 12,015.98 million, attributed to a decrease in receivables from property sales[56]. - Inventory decreased slightly by 1.08% to CNY 1,662,200.07 million[56]. - The company’s long-term equity investments remained stable, with a slight decrease of 0.24% to CNY 5,274.66 million[56]. Project Development and Construction - The company completed construction of 684,400 square meters in 2022, a substantial increase of 350.26% year-over-year[32]. - The company secured a land reserve of 31,800 square meters by winning a bid for a redevelopment project in Beijing for ¥800 million[33]. - The company reported a decrease in the area of projects under construction by 10.46% year-over-year, totaling 1.45 million square meters[32]. - The company plans to achieve a construction area of 727,800 square meters in 2023, with no new projects starting and a planned completion area of 184,200 square meters[83]. - The company is exploring urban renewal projects, including the renovation of old neighborhoods and industrial sites[84]. Market and Sales Strategy - The company plans to implement targeted marketing strategies to improve sales performance amid a sluggish real estate market[33]. - The company anticipates that the economic recovery in 2023 will be supported by effective policies aimed at stabilizing the real estate market[31]. - The company maintained a diversified residential supply system, focusing on residential land development to serve the capital's growth[38]. - The company is focusing on "ensuring delivery, production, and stability" as its primary operational management tasks[33]. Risk Management and Compliance - There were no significant risks that materially affected the company's operations during the reporting period[7]. - The company focused on risk assessment and compliance management, enhancing internal control systems and legal compliance frameworks[35]. - The company emphasizes the importance of timely research and response to policy changes to mitigate risks associated with project investments[86]. - The company strictly adheres to the requirements of the Company Law and Securities Law, ensuring compliance in corporate governance and management of insider information[88]. Financing and Investment - The company has a total financing amount of 1,043,772.37 million RMB with an average financing cost of 5.87%[66]. - The company plans to issue asset-backed securities (ABS) for affordable housing projects with a maximum issuance scale of 1.5 billion CNY, with a term not exceeding 3 years and an issuance cost not exceeding 3.8%[94]. - The company approved a development loan application of up to 740 million yuan from its financial subsidiary, with an interest rate of 4.15% linked to LPR[92]. - The company approved a merger loan application of 216 million yuan from financial institutions[107]. Corporate Governance and Management - The management team includes experienced professionals with backgrounds in finance, engineering, and law, enhancing corporate governance[99]. - The company has a training program that includes online and external training to enhance employee skills[119]. - The total remuneration for directors and senior management during the reporting period included amounts such as 97.22 million CNY for the chairman and 112.43 million CNY for the general manager[95]. - The company has seen changes in its board composition, including the appointment and dismissal of key legal and compliance officers[105]. Social Responsibility and Environmental Impact - The company actively engaged in poverty alleviation and rural revitalization projects, with a total investment of CNY 955,000, primarily for purchasing poverty alleviation products[135]. - The company has not reported any significant changes or progress in employee incentive plans during the reporting period[129]. - The company has not taken any measures to reduce carbon emissions during the reporting period[134]. - The company has not established an environmental protection mechanism and did not invest any funds in environmental protection during the reporting period[132].