Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 127.15 billion, an increase of 26.8% compared to the previous year[2] - Net profit for the year was RMB 8.89 billion, reflecting a growth of 15.7% year-on-year[2] - Core net profit attributable to shareholders was RMB 6.41 billion, up 11.3% from the previous year[2] - The company reported a total comprehensive income of RMB 8.66 billion for the year, compared to RMB 7.28 billion in 2021[5] - Total revenue for the year ended December 31, 2022, was RMB 130,408,197,000, with a significant contribution from property development at RMB 117,536,625,000[15] - The group reported a net profit of RMB 8,894,964,000 for the year, showcasing effective cost management and operational efficiency[15] - Total revenue for 2022 reached RMB 127,153,071 thousand, a 27% increase from RMB 100,240,064 thousand in 2021[25] - The company reported a basic and diluted earnings per share of RMB 0.50 for the year ending December 31, 2022, up from RMB 0.46 in 2021[38] - The company’s hotel business liabilities decreased to RMB 1,926,502 thousand in 2022 from RMB 3,363,902 thousand in 2021, indicating a strategic shift[17] Assets and Liabilities - As of December 31, 2022, cash and bank deposits amounted to RMB 70.39 billion, slightly down from RMB 71.50 billion at the end of 2021[2] - Non-current assets totaled RMB 72.71 billion as of December 31, 2022, an increase from RMB 62.79 billion in 2021[7] - Total current liabilities amounted to RMB 304,754,486 thousand in 2022, a decrease from RMB 312,389,726 thousand in 2021, representing a reduction of approximately 2.03%[8] - Total liabilities increased to RMB 423,664,074 thousand in 2022 from RMB 413,397,775 thousand in 2021, with property development liabilities at RMB 406,930,745 thousand[18] - Total assets rose to RMB 535,076,992 thousand in 2022, up from RMB 521,043,625 thousand in 2021, driven by property development assets of RMB 489,094,315 thousand[19] - The company's net asset value rose to RMB 111,412,918 thousand in 2022, compared to RMB 107,645,850 thousand in 2021, which is an increase of about 3.56%[8] Sales and Contracts - Total contracted sales reached RMB 300.3 billion, with 27 new projects added, totaling approximately 4.08 million square meters of saleable area[2] - The total salable value for 2023 reached RMB 360.1 billion, with self-invested projects accounting for approximately RMB 247.6 billion, representing 80% in first and second-tier cities[64] - Property sales revenue amounted to RMB 117.54 billion, up 31.0% from RMB 89.76 billion in 2021, with a total area of 5,877,103 square meters delivered, a 34.0% increase year-on-year[65] Dividends and Shareholder Returns - Basic earnings per share for the year were RMB 1.03, with a proposed final dividend of RMB 0.50 per share, up from RMB 0.46 in 2021[2] - The company proposed a final dividend of RMB 0.50 per share for the year ending December 31, 2022, compared to RMB 0.46 per share for the previous year[48] Operational Efficiency - The average selling price for self-invested projects was RMB 26,823 per square meter, maintaining a high industry level despite a decrease from RMB 28,416 per square meter in 2021[49] - The company achieved a new high in delivery area and number of units delivered, with customer satisfaction continuing to lead the industry[47] - The company delivered a total of 197 projects in 2022, achieving "zero delay" and "high quality" service for over 140,000 households, with an average delivery time 31 days ahead of contract[56] Market Position and Strategy - The company maintained a leading position in customer satisfaction, being recognized as a top brand in the real estate sector for 11 consecutive years[47] - The company plans to continue expanding its market presence and developing new products and technologies[23] - The company plans to strengthen its development base by increasing land reserves in core cities, enhancing safety and efficiency[47] Financial Management - The weighted average cost of total borrowings decreased to 4.4%, down 20 basis points from 4.6% in 2021[2] - Financial expenses amounted to RMB 2,715,125 thousand, reflecting the company's cost of financing[21] - The company reported a total borrowing cost of RMB 5,551,778,000 for the year, a decrease from RMB 5,777,756,000 in 2021[33] Impairment and Losses - The company recognized impairment losses of RMB 72,509 thousand under expected credit loss model[21] - The group recognized impairment losses of RMB 1.502 billion for non-financial assets, significantly higher than RMB 412 million in 2021, mainly due to a downturn in the real estate market[75] Employee and Corporate Governance - As of December 31, 2022, the company employed 9,387 employees, a decrease from 10,120 employees in 2021[88] - The company expressed gratitude to shareholders, customers, suppliers, banks, professional advisors, and employees for their continued support[98]
绿城中国(03900) - 2022 - 年度业绩