深深房A(000029) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 1,320,790,648.45, a decrease of 18.22% compared to CNY 1,615,009,713.88 in 2020[24] - The net profit attributable to shareholders for 2021 was CNY 220,836,309.93, down 23.91% from CNY 290,229,772.23 in the previous year[24] - The net cash flow from operating activities was negative CNY 1,205,952,107.94, a decline of 522.90% compared to CNY 285,164,013.17 in 2020[24] - The basic earnings per share for 2021 was CNY 0.2183, reflecting a decrease of 23.91% from CNY 0.2869 in 2020[24] - The company reported a weighted average return on equity of 5.72% for 2021, down from 7.81% in 2020[24] - The net profit after deducting non-recurring gains and losses for 2021 was CNY 208,306,710.37, a decrease of 17.86% from CNY 253,595,334.11 in 2020[24] - The total operating revenue for the first quarter is CNY 415,282,352.53, with a net profit of CNY 88,040,167.60, while the second quarter revenue is CNY 279,315,865.94 with a net profit of CNY 44,406,954.54, indicating a significant drop in the second quarter[29] - The company reported a net cash flow from operating activities of CNY 303,456,191.73 in the first quarter, but a negative cash flow of CNY -588,996,943.19 in the second quarter, highlighting cash flow challenges[29] Assets and Liabilities - Total assets at the end of 2021 amounted to CNY 6,182,498,050.43, an increase of 25.23% from CNY 4,936,916,746.74 at the end of 2020[24] - The net assets attributable to shareholders increased by 3.71% to CNY 3,938,260,291.97 from CNY 3,797,512,488.22 in 2020[24] - Cash and cash equivalents decreased by CNY 2,056,810,291.67, a decline of 277.02% year-on-year, primarily due to increased investments in real estate projects[89] - Inventory increased by 40.54% to ¥4,034,933,562.62, representing 65.26% of total assets, attributed to new projects and land reserves[93] - The company reported a tax payable of ¥600,497,936.70, which is 9.71% of total liabilities, an increase due to the accrual of land appreciation tax[93] Revenue Breakdown - Real estate revenue accounted for ¥876.16 million, representing 66.34% of total revenue, down 24.37% from ¥1.16 billion in 2020[73] - Property management revenue increased by 6.95% to ¥162.53 million, up from ¥151.97 million in 2020[73] - Rental income grew by 29.30% to ¥81.79 million, compared to ¥63.25 million in the previous year[73] - The company achieved a total sales area of 38,729 square meters with a sales amount of 676 million yuan, including 69 units sold in Shenzhen and 238 units in Shantou[54] Strategic Initiatives - The company plans to distribute a cash dividend of CNY 0.88 per 10 shares, based on a total of 1,011,660,000 shares[7] - The company has indicated that its future operational plans may be influenced by various factors, highlighting potential investment risks[7] - The company is actively exploring future development strategies, including a quality improvement action plan and seeking strategic projects with synergistic effects[56] - The company plans to address macroeconomic risks through strategic measures to ensure sustainable development in the real estate sector[116] - The company aims to enhance its financial structure by expanding financing channels and improving decision-making processes[125] Project Development - The company completed the acquisition of controlling interest in the Huizhou project in May 2021, which resumed construction in June 2021 and is expected to start pre-sales in December 2021[39] - The company has successfully launched two main projects in Shenzhen and Shantou, with the Shantou project achieving approximately 80% sales in the first phase and 20% in the second phase[39] - The company acquired land use rights for a new project in Shenzhen Guangming District in September 2021, which is expected to commence construction in January 2022[39] - The total land reserve area is reported to be 11.77 million square meters, with a total building area of 31.76 million square meters available for development[40] Corporate Governance - The company has established a governance structure that ensures clear responsibilities and effective checks and balances among the board of directors, management, and supervisory board[135] - The company maintains independent operations in terms of assets, personnel, finance, and business, ensuring no conflicts with the controlling shareholder[139] - The company has engaged in multiple communications with individual investors regarding its future development plans and project sales[129] - The company emphasizes the importance of party leadership in guiding its governance and high-quality development[128] Employee and Management Structure - The company reported a total of 1,578 employees at the end of the reporting period, with 950 in production, 79 in sales, 422 in technology, 53 in finance, and 74 in administration[183] - The company’s management structure includes a salary system based on performance for employees below the vice president level[184] - The company has implemented an annual training plan to enhance employees' professional skills and knowledge[185] - The current management team includes experienced professionals with backgrounds in finance and government oversight, such as Liu Zhengyu, who serves as the Chairman and President of the company[150] Market Position and Future Outlook - The company plans to expand its market presence by investing in new real estate projects, aiming for a growth rate of approximately 15% in the next fiscal year[164] - Future strategies may include further market expansion and potential mergers or acquisitions to enhance growth prospects[152] - The company is focusing on the development of new technologies in real estate management to enhance operational efficiency and customer satisfaction[164] - The company aims to achieve a 5% reduction in operational costs through improved supply chain management and technology integration[164]