深物业A(000011) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 4,491,965,643.71, representing a 9.44% increase compared to CNY 4,104,374,646.02 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 1,003,969,842.33, a 25.72% increase from CNY 798,572,121.74 in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 983,778,096.90, up 24.79% from CNY 788,377,322.39 in 2020[21]. - The basic earnings per share for 2021 was CNY 1.6846, reflecting a 25.73% increase from CNY 1.3399 in 2020[21]. - The weighted average return on net assets for 2021 was 24.69%, an increase of 1.22% from 23.47% in 2020[21]. - Total assets increased by 19.45% to CNY 14.58 billion compared to CNY 12.21 billion in the previous year[22]. - Net assets attributable to shareholders rose by 20.34% to CNY 4.49 billion from CNY 3.73 billion[22]. - The company reported a net profit attributable to shareholders of CNY 214.42 million in Q1, CNY 461.96 million in Q2, CNY 98.29 million in Q3, and CNY 229.30 million in Q4[25]. - The total amount of non-operating income for 2021 was CNY 20.19 million, compared to CNY 10.19 million in 2020[28]. - The company achieved record high revenue and profit in 2021, with significant performance across various business segments[106]. Cash Flow and Financial Position - The net cash flow from operating activities for 2021 was CNY -1,813,313,008.58, a significant decrease of 570.38% compared to CNY 385,497,782.12 in 2020[21]. - The company's cash and cash equivalents decreased by 368.39% to -2,369,407,942.48 CNY in 2021, down from an increase of 882,809,678.36 CNY in 2020[82]. - The proportion of cash and cash equivalents to total assets dropped from 34.35% at the beginning of 2021 to 14.89% at the end of 2021, mainly due to increased land acquisition payments[87]. - The net cash flow from investment activities was -69,569,293.48 CNY in 2021, a 43.90% increase in outflow compared to -48,346,722.22 CNY in 2020, primarily due to increased equity acquisition payments[82]. - Cash flow from financing activities saw a drastic decline of 188.36%, with a net outflow of -485,038,611.80 CNY in 2021, compared to a net inflow of 548,934,426.20 CNY in 2020, attributed to the absence of new bank loans[82]. Market and Industry Conditions - The real estate market experienced a significant downturn in the second half of 2021, with a 1.9% year-on-year increase in sales area and a 4.8% increase in sales amount for the entire year[33]. - New construction area decreased by 11.4% year-on-year to 198.9 million square meters, marking the largest decline since 2016[33]. - The total land transaction value for the year was CNY 1.78 trillion, a 2.8% increase year-on-year, while the area of land purchased decreased by 15.5%[34]. - The total funds available for real estate development reached CNY 20.11 trillion, a record high, but the growth rate was the lowest in nearly six years[35]. - The company faced challenges due to strict regulatory environments and reduced financing channels, impacting sales and cash flow[35]. - The real estate market saw over 400 regulatory policies issued nationwide in 2021, indicating a tightening environment aimed at stabilizing housing prices and expectations[39]. Business Strategy and Operations - The company has been actively involved in four major business segments: urban space development, property management services, industrial ecosystem operations, and core ecological investments[45]. - The company aims to optimize existing assets and expand its leasing business, enhancing its operational capabilities in the industrial ecosystem[54]. - The company is focusing on developing urban integrated projects, with a total planned investment exceeding 8 billion in key projects[52]. - The company is committed to enhancing its operational capabilities and expanding its market presence through strategic initiatives and product development[45]. - The company is focusing on urban renewal projects in Shenzhen, Dongguan, and Huizhou, with plans to track projects in Guangzhou[61]. Acquisitions and Investments - The company successfully acquired land parcels in Dongguan and Shenzhen, marking a significant breakthrough in land resource acquisition after years of zero land procurement from the secondary market[42]. - The company has successfully entered the land acquisition market, winning bids for approximately 52,000 square meters in Dongguan and 15,000 square meters in Shenzhen[52]. - The company acquired 100% equity of Shenzhen Property Management Co., Ltd. for a total investment of CNY 196,676,700[94]. - The company also acquired 100% equity of Shenzhen Foreign Trade Property Management Co., Ltd. for CNY 20,898,800[94]. - The company completed the acquisition of a local competitor, which is expected to contribute an additional 200 million RMB in revenue annually[133]. Governance and Compliance - The company has established a robust internal control system to ensure compliance with regulatory requirements, enhancing governance standards[123]. - The company has not faced any penalties from securities regulatory authorities for its current and recently departed directors, supervisors, and senior management[142]. - The board approved the 2020 annual financial report and budget report during the 22nd meeting of the 9th board on March 30, 2021[146]. - The company amended its articles of association to implement cumulative voting for the election of directors and supervisors, addressing a governance issue identified during a self-inspection[168]. - The company has maintained a neutral position in disputes affecting business operations to ensure fair competition among its subsidiaries[182]. Employee and Community Engagement - The total remuneration for the board of directors, supervisors, and senior management during the reporting period amounted to CNY 1,595.99 million[144]. - The company has implemented a multi-level training program to enhance employee skills and professional capabilities[157]. - The company conducted consumption poverty alleviation actions, providing approximately 1.45 million in support throughout the year[179]. - The company provided around 102,000 in care packages and financial aid to employees in need during the Spring Festival[173]. - A total of 124 participants donated blood, with a total donation volume of 39,150 milliliters during the blood donation event[174]. Future Outlook - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2022, indicating a projected growth rate of 25%[123]. - The company plans to acquire an additional 10 million square meters of property management scale through mergers and acquisitions in 2022[109]. - The company is focusing on enhancing project management efficiency and aims to accelerate the progress of key projects such as Dongguan Humen and Guangming Yutang[108]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[136]. - The management team emphasized the importance of sustainability in future projects, aligning with global environmental standards[136].