CMPO(SZ:001914)2023-03-17 16:00Financial Performance - The company reported total revenue of CNY 13,023,775,372.01 for 2022, representing a year-on-year increase of 22.97%[26]. - Property management revenue accounted for CNY 12,503,621,380.12, which is 96.01% of total revenue, with a year-on-year growth of 26.19%[26]. - The gross profit margin for property management was 10.58%, a decrease of 0.85% compared to the previous year[28]. - The company’s operating revenue for 2022 was ¥13,023,775,372.01, representing a 22.97% increase from ¥10,590,930,092.88 in 2021[93]. - The net profit attributable to shareholders for 2022 was ¥593,511,115.97, up 15.72% from ¥512,870,409.02 in 2021[93]. - The net profit after deducting non-recurring gains and losses was ¥499,216,059.95, a 36.66% increase compared to ¥365,301,645.41 in 2021[93]. - The company achieved a total revenue of 13.024 billion yuan in 2022, representing a year-on-year growth of 22.97%[157]. - The property management segment generated revenue of 12.504 billion yuan, up 26.19% year-on-year, driven by growth in existing projects and new market expansions[157]. Asset Management - The asset management segment reported revenue of 465 million yuan, a decline of 16.40% year-on-year, primarily due to reduced income from held properties and rent exemptions[157]. - The gross margin for the asset management business was 41.57%, down from 56.18% in 2021[171]. Investment Properties - The total assessed value of investment properties as of the end of 2022 is approximately CNY 5.61 billion, with a fair value change loss of CNY 8.46 million during the year[6]. - The company reported a fair value change of CNY 369.7 million for the Aviation Building and CNY 6.4 million for the Nanguang Building, contributing to the overall property valuation adjustments[6]. - The company has a total of 642,631.91 square meters of assessed properties, with a book value of CNY 6.99 billion at the end of the reporting period[6]. Debt and Financing - The company has actively replaced existing loans and adjusted loan terms, resulting in a continuous reduction in funding costs and optimization of debt structure[8]. - The company has a sufficient credit reserve and plans to rationally arrange financing types based on operational needs to stabilize its debt structure[8]. - The average financing cost for bank loans ranged from 3.50% to 4.10%, with a total financing balance of ¥234,950,000 as of December 31, 2022[59]. - The company’s financing cash inflow totaled ¥2,261,690,900.00, a 7.78% increase from ¥2,098,475,000.00 in the previous year[36]. Operational Efficiency - The company managed a total of 1,884 property management projects, covering an area of 311 million square meters as of the end of 2022[13]. - The company has established partnerships with over 1,400 quality brand resources, enhancing its commercial operation management capabilities[16]. - The company completed the integration of four acquired companies, achieving over 90% integration completion rate and enhancing operational efficiency[161]. Research and Development - Research and development investment amounted to ¥48,259,137.04, representing a 28.56% increase compared to ¥37,537,371.86 in 2021, with R&D expenditure accounting for 0.37% of operating income[36]. - The number of R&D personnel decreased by 5.10% to 186 in 2022 from 196 in 2021[36]. - Research and development expenses rose by 28.56% to ¥48,259,137.04 in 2022, driven by increased investment in digital service development[50]. Market Position and Strategy - The company holds a leading position in the A-share property management industry, benefiting from its central enterprise background and strong project resources from its parent company[9]. - The company aims to become a leading property asset management operator in China, focusing on property management and asset management as core businesses[104]. - The company has shifted its strategic focus away from new real estate development projects since 2016, concentrating on property asset management and related services[109]. Customer and Market Expansion - The company achieved a 109% increase in new customer acquisition through its one-stop service platform in 2022[50]. - The company has expanded its commercial operation management business across more than ten cities, including Shenzhen, Wuhan, and Chengdu[16]. - The company signed new annual contracts worth 3.314 billion yuan in 2022, with over 50% of third-party projects being million-level contracts[160]. Economic Environment - The overall economic environment in 2022 saw a 3% growth in China's GDP, with real estate investment declining by 10% and housing sales down by 24.3%[149]. - The average revenue growth rate for the property industry decreased from 44.3% to 27.9% in the first half of 2022, while the average net profit margin fell from 14.7% to 9.0%[103]. - The total transaction amount for property mergers and acquisitions in 2022 was 10.63 billion yuan, a year-on-year decline of 71%, with state-owned enterprises accounting for over 50% of the transaction volume[103]. Awards and Recognition - The company received multiple awards, including being ranked 4th in the "Top 100 Property Enterprises" and "Top 4 in Property Service Capability" in 2022[167].