Financial Performance - The group's revenue for the year ended December 31, 2022, was approximately RMB 7.126 billion, a decrease of about 9.8% year-on-year[2]. - The group's gross profit was approximately RMB 1.604 billion, down approximately 35.6% year-on-year; excluding non-owner value-added services, the gross profit of core business remained stable year-on-year, with the gross profit margin of core business increasing to about 95.9%[2]. - The loss attributable to the company's owners was approximately RMB 482 million, while the core net profit attributable to the company's owners was approximately RMB 763 million, a year-on-year decrease of about 45.6%[2]. - Total revenue for the year ended December 31, 2022, was RMB 7,126,161,000, a decrease from RMB 7,903,674,000 in 2021, representing a decline of approximately 9.8%[16]. - Revenue from property management services was RMB 983,792,000 for 2022, down from RMB 4,538,512,000 in 2021, indicating a significant decrease of approximately 78.3%[16]. - Revenue from non-owner value-added services decreased to RMB 233,924,000 in 2022 from RMB 2,255,073,000 in 2021, a decline of about 89.6%[16]. - The company reported a net loss of RMB 178,657,000 for the year ended December 31, 2022, compared to a profit of RMB 426,481,000 in 2021[20]. - The company reported a net loss of approximately RMB 462.4 million for the year ended December 31, 2022, compared to a net profit of approximately RMB 1,358.5 million for the year ended December 31, 2021[51]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 0.137 per share, totaling approximately RMB 419 million, which is about 55% of the core net profit attributable to the company's owners[2]. - The proposed final dividend per share for the year ended December 31, 2022, is RMB 0.137, totaling approximately RMB 418.79 million, compared to RMB 0.124 per share in 2021, totaling RMB 381.73 million[24]. - The company plans to present the dividend proposal at the upcoming annual general meeting, reflecting the number of shares approved in the consolidated financial statements[23]. - The final dividend payment is expected to be made in cash around June 15, 2023, based on the exchange rate published by the People's Bank of China[63]. Operational Metrics - As of December 31, 2022, the group's contracted construction area was approximately 393 million square meters, with the managed construction area being approximately 244 million square meters, of which the managed area from third parties accounted for about 37%[2]. - The total managed building area as of December 31, 2022, was approximately 244 million square meters, representing a growth of about 13.4% from approximately 215 million square meters in 2021[31]. - The company signed new contracts totaling approximately RMB 1.08 billion in 2022, with projects over RMB 10 million accounting for about 32% of the total, an increase of approximately 12 percentage points from 2021[59]. - Community service revenue grew approximately 11% year-on-year, focusing on three core categories: daily cleaning, appliance cleaning, and home maintenance[59]. Cost and Expenses - Employee benefit expenses totaled RMB 3,132,944,000 in 2022, a decrease from RMB 3,223,597,000 in 2021, reflecting a reduction of approximately 2.8%[19]. - Sales costs for the year ended December 31, 2022, were approximately RMB 5,521.7 million, an increase of about RMB 109.0 million (approximately 2.0%) from RMB 5,412.7 million in 2021[41]. - Administrative expenses decreased from approximately RMB 749.2 million for the year ended December 31, 2021, to approximately RMB 743.7 million for the year ended December 31, 2022, a reduction of about RMB 5.5 million[46]. - Sales and marketing expenses increased by approximately RMB 30.8 million (approximately 44.8%) to about RMB 99.5 million for the year ended December 31, 2022, compared to approximately RMB 68.7 million for the year ended December 31, 2021[47]. Asset and Liability Management - Trade receivables as of December 31, 2022, amounted to RMB 5,050.0 million, an increase from RMB 4,037.1 million in 2021[26]. - Trade payables increased from approximately RMB 712.9 million as of December 31, 2021, to approximately RMB 967.5 million as of December 31, 2022, an increase of about RMB 254.6 million[53]. - Total cash and bank deposits decreased from approximately RMB 5,378.4 million as of December 31, 2021, to approximately RMB 3,990.1 million as of December 31, 2022, a decrease of about RMB 1,388.3 million[54]. - The company's current ratio was approximately 2.0 times as of December 31, 2022, compared to approximately 2.2 times as of December 31, 2021[54]. Governance and Compliance - The company has adopted the corporate governance code and has complied with all applicable provisions as of December 31, 2022[69]. - The audit committee, consisting of three independent non-executive directors, reviewed the financial reporting procedures and internal controls for the year ended December 31, 2022[70]. - The group's auditor, PwC, confirmed that the financial figures in the announcement are consistent with the audited financial statements for the year ended December 31, 2022[71]. Future Outlook and Strategy - The company plans to enhance service quality and operational capabilities in 2023, focusing on high-end residential service quality and professional operational capabilities in non-residential sectors[61]. - The company aims to deepen its focus on core cities for market expansion while ensuring quality control and maintaining a steady growth rate[61]. - The company emphasizes high-quality development as its core strategy in 2023, aligning with industry policies and standards for continuous improvement[61]. - The company has implemented digital tools in community services to enhance operational efficiency and customer experience[57]. Employee Development - The company has established a comprehensive internal training program for employees to enhance their professional skills and service standards[67]. - The company has implemented ISO 45001:2018 occupational health and safety management system to improve workplace safety awareness among employees[67].
融创服务(01516) - 2022 - 年度业绩