Financial Performance - Revenue for the year ended December 31, 2023, was approximately RMB 131.38 billion, an increase of 3.3% compared to the previous year[2]. - Net profit attributable to shareholders was approximately RMB 3.12 billion, representing a growth of 13.1% year-on-year; core net profit was approximately RMB 6.42 billion[2]. - The total comprehensive income for the year was RMB 6.35 billion, compared to RMB 8.66 billion in the previous year[5]. - The company reported a gross profit of RMB 17.07 billion, down from RMB 22.02 billion in the previous year[3]. - The company reported a net profit of RMB 8,894,964 for the year, showing a strong financial performance[20]. - The company's profit before tax for 2023 was RMB 9,724,646,000, a decrease of 26.5% compared to RMB 13,256,317,000 in 2022[36]. - The basic and diluted earnings per share for 2023 were RMB 3.09, an increase from RMB 2.58 in 2022, representing a growth of 19.9%[38]. - The company declared a final dividend of RMB 0.43 per share for the year ending December 31, 2023, down from RMB 0.50 per share in 2022[37]. Assets and Liabilities - As of December 31, 2023, bank deposits and cash (including pledged bank deposits) amounted to approximately RMB 73.4 billion, up from RMB 70.4 billion as of December 31, 2022[2]. - Non-current assets totaled RMB 71.81 billion, a slight decrease from RMB 72.71 billion in 2022[7]. - Current liabilities total RMB 303,248,079, a decrease from RMB 304,754,486 in the previous year, reflecting a reduction of approximately 0.5%[8]. - Total non-current liabilities amounted to RMB 118,353,787, slightly up from RMB 113,935,108, indicating an increase of approximately 3.7%[8]. - The total equity increased to RMB 113,935,108 from RMB 111,412,918, showing a growth of around 2.3%[8]. - The total assets of the company as of December 31, 2023, were RMB 535,536,974, a slight increase from RMB 535,076,992 in 2022[21]. - The total borrowings amounted to RMB 146.142 billion, up from RMB 140.121 billion in the previous year, with a net debt of RMB 72.697 billion[79]. - The net debt to equity ratio stood at 63.8%, slightly up from 62.6% in 2022[79]. Revenue Streams - Total contract sales reached approximately RMB 301.1 billion, with a collection rate exceeding 100%[2]. - The company achieved a total of RMB 131,383,150 in external segment revenue, demonstrating robust market demand[19]. - Property sales revenue reached RMB 120.58 billion, up 2.6% from RMB 117.54 billion in 2022, with a total area of 6,197,536 square meters recognized, a 5.5% increase from 5,877,103 square meters in 2022[63][64]. - The hotel business segment's revenue was RMB 10,620,113, compared to RMB 10,206,819 in the previous year, indicating growth[21]. - The group achieved project management service revenue of RMB 3.135 billion, a 28.0% increase from RMB 2.450 billion in 2022, due to an increase in commercial project numbers[65]. Operational Efficiency - The company is committed to enhancing its operational efficiency and exploring new market opportunities as part of its growth strategy[14]. - The company reported a significant increase in cash and cash equivalents, reaching RMB 36,130,383 compared to RMB 36,023,757 in the previous year, a rise of about 0.3%[8]. - The company optimized management expenses, resulting in a 4.6% year-on-year decrease in management fees and a 6% decrease in sales expenses[54]. - The company’s operational efficiency improved by 18%, with project timelines from land acquisition to commencement reduced to an average of 2.2 and 4.7 months[54]. - The company maintained a high profit margin for new projects, with an average equity ratio further increasing to approximately 74%[48]. Market Presence and Strategy - The company has established a strong presence in the residential property market in China, focusing on development and sales[10]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]. - The company has been recognized as a top 10 comprehensive strength enterprise in China's real estate industry for 20 consecutive years[46]. - The company will focus on improving product quality through multi-dimensional efforts including product iteration, innovation, and quality delivery[62]. - The company’s marketing strategy has led to a 22% year-on-year increase in commercial property turnover[52]. New Projects and Developments - The company added 38 new projects with a total construction area of approximately 5.57 million square meters, expected to have a saleable value of about RMB 142.5 billion, with first and second-tier cities accounting for 84%[2]. - A total of 38 new projects were added in 2023, with a total construction area of approximately 5.57 million square meters, at a cost of about RMB 59.5 billion[47]. - The total contracted sales area for the company in 2023 reached approximately 15.47 million square meters, with a total contracted sales amount of approximately RMB 301.1 billion, reflecting a slight increase of 0.3% year-on-year[51]. - The company achieved a delivery area of 17.77 million square meters in 2023, representing a year-on-year growth of 24%[53]. - The company plans to complete approximately 12.68 million square meters of projects in 2024, with a cumulative unrecognized sales amount of approximately RMB 256.5 billion as of December 31, 2023[62]. Compliance and Governance - The company has adhered to the corporate governance code as per the listing rules throughout the year[89]. - The audit committee reviewed the accounting principles and practices adopted by the group for the year ended December 31, 2023[91]. - The company has adopted the standard code for securities transactions by directors as per the listing rules[90]. - The company acknowledges the importance of forward-looking statements and their inherent risks and uncertainties[92]. - The company expresses gratitude to shareholders, customers, suppliers, banks, professional advisors, and all employees for their continued support[98].
绿城中国(03900) - 2023 - 年度业绩