Company Overview - Kaisa Prosperity Holdings ranked 12th in the national comprehensive strength among property service companies[2]. - The company manages 672 projects with a total gross floor area of 90.3 million square meters, serving approximately 400,000 property units nationwide[2]. - Kaisa's brand valuation is estimated at RMB 6.4 billion[2]. - The company operates over 40 branch companies across 58 cities[2]. - The company managed 672 projects across 58 cities, serving approximately 352,000 households[23]. - As of December 31, 2021, Kaisa Group operates in 58 cities with a total of 672 managed projects covering an area of 90.27 million square meters[146]. - The company employs over 10,000 staff and provides services to more than 400,000 property units across various sectors including high-end communities and commercial complexes[146]. Financial Performance - The company reported a revenue increase of approximately RMB 936.3 million to RMB 2,666.4 million in 2021, representing a growth of about 54.1% compared to 2020[30]. - Total revenue for the year ended December 31, 2021, increased by approximately 54.1% to about RMB 2,666.4 million from RMB 1,730.1 million for the year ended December 31, 2020[42]. - Adjusted profit attributable to the owners of the company was approximately RMB 288.8 million, an increase of 13.9% compared to RMB 253.5 million in 2020[30]. - Gross profit for the year ended December 31, 2021, rose by approximately 49.5% to about RMB 788.9 million, with a gross margin of approximately 29.6%, compared to 30.5% for the previous year[42]. - Revenue from property management services reached RMB 1,196,469 thousand in 2021, compared to RMB 793,776 thousand in 2020, marking a growth of approximately 50.8%[55]. - Revenue from pre-delivery and consultancy services was approximately RMB 1,072.1 million in 2021, accounting for about 40.2% of total revenue, up 72.0% from RMB 623.3 million in 2020[61]. - Community value-added services generated revenue of RMB 182.2 million in 2021, a year-on-year increase of about 34.6%, with parking lot revenue at RMB 61.8 million, up approximately 16.7%[65]. - Smart solution services revenue reached approximately RMB 215.7 million in 2021, a year-on-year growth of 21.3%, with a gross profit of about RMB 74.0 million, up 35.9%[68]. Business Expansion and Services - Kaisa's new product "Xiao K Life" was launched in June 2021, upgrading its product system across multiple sectors[18]. - The company expanded its smart services into 13 new cities, including its first entry into the northwest region of China[19]. - The company aims to expand its services in the Greater Bay Area and key economic circles, focusing on community elderly care and childcare services due to demographic trends[27][28]. - The company has upgraded its value-added service brand, successfully establishing the "Little K" lifestyle service system[28]. - The company plans to enhance its service offerings by integrating residential and non-residential service portfolios to maintain sustainable development[31]. - The company has strengthened its partnerships with state-owned enterprises and stable private companies to expand into second and third-tier cities[31]. Community Engagement and Social Responsibility - Kaisa conducted approximately 1,148 community cultural activities and 996 convenience activities, engaging over 130,000 participants throughout the year[18]. - The company organized 59 public welfare events under the "Firefly Project," with participation from 17,000 individuals[24]. - The company received over 90 written commendations from government departments and property owners for its pandemic response efforts[23]. - Kaisa Group actively donated epidemic prevention materials, contributing to community health and safety during the pandemic[138]. - The company emphasizes the integration of new technologies such as 5G and IoT in developing smart community solutions[139]. Environmental, Social, and Governance (ESG) Initiatives - The report covers the performance of Kaisa Group Holdings Limited in environmental, social, and governance (ESG) aspects for the year 2021, with a focus on sustainability progress and direction[126]. - Kaisa Group has established an ESG framework to manage environmental, social, and governance risks, with the board responsible for setting strategies and monitoring performance[150]. - The company aims to create long-term value for stakeholders while maintaining high service quality and operational standards[149]. - Kaisa Group continues to focus on sustainable development, implementing energy-saving measures and waste recycling programs[149]. - The total greenhouse gas emissions for the reporting period amounted to 122,337.76 tons of CO2 equivalent, with direct emissions at approximately 996.99 tons and indirect emissions at about 120,492.68 tons[169]. - The company has set a target to reduce CO2 equivalent emissions by 10% over five years, achieving a reduction of approximately 3% to date[169]. - The group is actively transitioning to a low-carbon operational model to meet tenant and customer expectations[187]. Employee Management and Development - The group employed 12,871 employees as of December 31, 2021, an increase from 8,564 employees in the previous year[110]. - The company has implemented various employee benefits, including holiday allowances during major festivals, with each employee receiving festival bonuses during Spring Festival, Dragon Boat Festival, and Mid-Autumn Festival[191]. - The company reported zero fatalities due to work-related incidents in 2021, with only 13 workdays lost due to work-related injuries[195]. - The company emphasizes employee training, with a structured training management system aimed at enhancing skills and career development, including new employee training and management skills improvement[198]. - The company has established a performance evaluation system to determine employee promotions, which is based on regular performance assessments[189]. - The company prioritizes employee development and training opportunities to foster a competitive work environment[158]. Leadership and Governance - Kaisa Group has a diverse leadership team with extensive experience in finance, management, and real estate, enhancing its operational capabilities[116][117][118][119][120][121][122][123]. - The company continues to strengthen its governance structure by appointing independent directors with significant industry experience[118][119][120].
佳兆业美好(02168) - 2022 - 年度财报