LJZ(SH:900932)2023-03-30 16:00Financial Performance - The company's operating revenue for 2022 was ¥11,762,302,453.18, a decrease of 15.21% compared to ¥13,872,042,791.75 in 2021[43]. - The net profit attributable to shareholders for 2022 was ¥1,084,739,736.76, down 74.84% from ¥4,310,873,801.84 in 2021[43]. - The basic earnings per share for 2022 was ¥0.2689, a decline of 74.84% compared to ¥1.0686 in 2021[44]. - The total assets at the end of 2022 were ¥125,696,707,418.87, an increase of 3.97% from ¥120,895,887,034.73 at the end of 2021[43]. - The weighted average return on equity for 2022 was 4.92%, a decrease of 15.53 percentage points from 20.45% in 2021[45]. - The net cash flow from operating activities for 2022 was -¥539,026,302.25, a decline of 114.51% compared to ¥3,714,767,531.66 in 2021[43]. - The net profit after deducting non-recurring gains and losses for 2022 was ¥875,087,887.27, down 76.38% from ¥3,705,589,524.75 in 2021[43]. - The company faced significant challenges in 2022 due to a complex economic environment, impacting revenue and gross margins in regional development and financial services[45]. - The company reported a decline in investment income from joint ventures and associates, contributing to the overall decrease in performance[45]. Real Estate Development - The company has 23 Grade A office buildings with a total building area of approximately 1.91 million square meters, primarily located in key areas of Shanghai and Tianjin[7]. - The total building area of commercial properties reached approximately 470,000 square meters, with Shanghai L+MALL achieving a year-end occupancy rate of 92% and an average rent of CNY 10.68 per square meter per day[10]. - The company is focused on high-quality planning, construction, and operation in the "Golden Central Development Belt" project, contributing to the goal of completing the Qiantan International Business District in ten years[4]. - The company has several ongoing projects with a total above-ground area of approximately 446,560 square meters, expected to be completed between 2023 and 2024[9]. - The company plans to complete several major projects in 2024, including the Zhangjiang Central District commercial plots with a total building area of 161,164 square meters[12]. - The company has ongoing development projects with a total building area of 271,048 square meters planned for completion by 2024[21]. - The company is actively participating in the development of emerging areas, particularly in the "Golden Central Development Belt" and related projects[55]. - The company plans to continue expanding its real estate portfolio, focusing on high-demand areas and potential joint development projects[109]. Rental and Sales Performance - The company achieved sales revenue of RMB 6.942 billion from various residential properties in 2022, with an overall sell-through rate of approximately 100%[20]. - The rental income from long-term operating properties amounted to 3.577 billion yuan, with office properties contributing 3.044 billion yuan, a decrease of 6% year-on-year[70]. - The company achieved property sales cash inflow of 6.942 billion yuan in 2022, with a contract sales area of 71,000 square meters, a year-on-year decrease of 10%[75]. - The recognized revenue from property transfers amounted to 4.355 billion RMB, with a transfer area of 84,200 square meters, leaving a pending transfer area of 54,900 square meters at the end of the reporting period[113]. Financial Services and Investments - The financial services segment generated revenue of 1.720 billion RMB in 2022, accounting for 14.62% of the total operating revenue[78]. - The company reported a total interest-bearing debt of 58.797 billion RMB at the end of 2022, representing 46.78% of total assets, an increase of 16.17% from the previous year[81]. - The company has increased its investment in non-principal financial products, leading to a 140.37% increase in trading financial assets to approximately ¥8.13 billion[102]. - The company reported a significant increase in debt investments, totaling RMB 5,977,987,785.67, which is a 372.69% increase compared to the previous year[106]. Corporate Governance - The company has established a comprehensive internal governance structure, including various committees such as the Strategic Decision Committee and the Audit Committee, to ensure effective management and oversight[171]. - The controlling shareholder has not interfered with the company's decision-making processes, ensuring independence in operations and financial management[172]. - The company maintains a complete separation from the controlling shareholder in terms of business, personnel, assets, and finances, with independent operations of the board and supervisory committee[172]. - The company has a robust internal control system in place to manage investor relations and ensure compliance with regulatory requirements[171]. Market Trends and Outlook - The office market in Shanghai is anticipated to gradually recover in 2023 as demand picks up[134]. - The demand for headquarters office space is expected to continue growing, particularly in high-end manufacturing and biopharmaceutical sectors[138]. - The company plans to adjust marketing strategies based on market competition and project characteristics to enhance product competitiveness[140]. - The company aims to leverage opportunities from the headquarters economy and focus on large enterprises to explore potential customer needs[140]. Sustainability and Innovation - The management team emphasized a focus on sustainability initiatives, allocating 10% of the annual budget towards eco-friendly practices and technologies[182]. - The company is focusing on digital transformation and is building a smart commercial management system to enhance operational efficiency[156]. - The company is exploring an omnichannel business operation model to support its digital transformation efforts[157].