Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 2,655,992, representing an 18.4% increase from RMB 2,243,158 in 2021[2] - Gross profit for the same period was RMB 1,388,607, up 33.4% from RMB 1,040,658 in 2021[2] - Net profit attributable to shareholders was RMB 744,544, reflecting a 31.7% increase compared to RMB 565,224 in the previous year[2] - Basic earnings per share increased to RMB 0.38, a rise of 31.0% from RMB 0.29 in 2021[2] - The company reported a total comprehensive income of RMB 710,381 for the year, compared to RMB 576,177 in 2021[5] - The company reported a net profit of RMB 735,365,000 for the year, showing a strong performance in operational efficiency[15] - The company's profit before tax for the year ended December 31, 2022, was RMB 924,601,000, an increase of 28% from RMB 722,242,000 in 2021[28] - The company's net profit was RMB 735.4 million, up 28.9% from RMB 570.7 million in 2021, with profit attributable to shareholders increasing by 31.7% to RMB 744.5 million[60] Revenue Breakdown - Revenue from commercial construction services was RMB 1,669,429,000, up from RMB 1,477,635,000 in the previous year, indicating a growth of about 13.0%[13] - Government construction services revenue increased to RMB 781,054,000 from RMB 571,759,000, reflecting a growth of approximately 36.6%[13] - Revenue from commercial construction was RMB 1,669.4 million, accounting for 62.9% of total revenue, with a 13.0% increase from RMB 1,477.6 million in 2021[53] - Government construction revenue reached RMB 781.1 million, representing 29.4% of total revenue, and grew by 36.6% compared to RMB 571.8 million in 2021[53] Project and Construction Metrics - The total construction area of contracted projects reached 101.4 million square meters, a 19.8% increase from 84.7 million square meters in 2021[2] - The area under construction was 47.2 million square meters, up 7.1% from 44.0 million square meters in 2021[2] - The total area of newly contracted projects was 28.2 million square meters, a 23.9% increase from 22.8 million square meters in 2021[2] - The company has a total of 120 major cities in 28 provinces, municipalities, and autonomous regions, with a total contracted project area of 101.4 million square meters, a year-on-year increase of 19.8%[42] - New contract area for projects reached 28.2 million square meters, up approximately 23.9% year-on-year, with government and state-owned enterprises accounting for 76.5% of new projects[43] Cash Flow and Dividends - Cash inflow from operating activities was RMB 724,655, representing a 28.1% increase from RMB 565,656 in 2021[2] - The company proposed a final dividend of RMB 0.30 per share and a special dividend of RMB 0.08 per share, totaling approximately RMB 763,800,000[1] - The company declared a final dividend of RMB 0.30 per share for the year ended December 31, 2022, up from RMB 0.20 per share in 2021, totaling approximately RMB 763,800,000[29] - The company anticipates that the proposed dividends will be paid to shareholders by July 28, 2023, pending approval at the upcoming annual general meeting[37] Assets and Liabilities - The total assets of the group are located in China, with no significant assets reported outside the domestic market[14] - Trade receivables, net of credit loss provisions, increased to RMB 189,232,000 in 2022 from RMB 125,536,000 in 2021[32] - The company's intangible assets, primarily from project management contracts, had a carrying value of RMB 412,354,000 as of December 31, 2022[31] - The total trade and other payables increased to RMB 1,173,275,000 in 2022 from RMB 943,066,000 in 2021[34] - The company reported a significant increase in contract assets, net of credit loss provisions, to RMB 573,892,000 in 2022 from RMB 482,412,000 in 2021[36] - As of December 31, 2022, trade and other receivables reached RMB 823.9 million, an increase of 10.0% compared to RMB 748.8 million at the end of 2021[61] - Contract assets amounted to RMB 573.9 million as of December 31, 2022, reflecting a 19.0% increase from RMB 482.4 million at the end of 2021, driven by the company's expanded operational scale[62] - Trade and other payables increased by 24.4% to RMB 1,173.3 million as of December 31, 2022, up from RMB 943.1 million at the end of 2021, primarily due to increased project deposits and payable salaries[63] Operational Efficiency and Market Strategy - The company is focusing on enhancing its business model and optimizing customer structure in response to the evolving real estate market dynamics[38] - The company plans to continue expanding its government and commercial construction services, leveraging its first-mover advantage and national presence[38] - The company aims to expand its light-asset alliance membership and promote industry standards to drive new development models in the real estate sector[47] - The company has maintained a debt-free status with sufficient cash flow, reporting a net cash flow from operating activities of RMB 724.7 million[39] Corporate Governance and Compliance - The company has adopted corporate governance principles to ensure high standards of ethics, transparency, and accountability in its operations[69] - The audit committee has been established, consisting of three independent non-executive directors, and has reviewed the group's annual performance for the year ended December 31, 2022[75] - Deloitte has verified the financial statements for the year ended December 31, 2022, but did not provide any assurance or conclusion on the preliminary announcement[76] - No significant events occurred after December 31, 2022, up to the date of this announcement[77] - The annual report for the year ended December 31, 2022, will be sent to shareholders and published on the stock exchange and the company's website[77] - The company expresses gratitude to shareholders, customers, suppliers, banks, professional advisors, and employees for their continued support[78]
绿城管理控股(09979) - 2022 - 年度业绩