华润置地(01109) - 2022 - 年度业绩

Financial Performance - The total revenue for the year 2022 was RMB 207.06 billion, a decrease of 2.4% year-on-year[2]. - The gross profit margin for 2022 was 26.2%, down from 27.0% in 2021[2]. - The core profit attributable to shareholders, excluding investment property revaluation gains, was RMB 27.00 billion, an increase of 1.5% year-on-year[2]. - The net profit for the year ended December 31, 2022, was CNY 32,369,761, a decrease of 13.6% compared to CNY 37,395,388 for the year ended December 31, 2021[6]. - The total comprehensive income for the year was CNY 32,680,151, down from CNY 37,076,325 in the previous year, reflecting a decline of approximately 12.9%[6]. - The profit attributable to equity holders of the company was RMB 50,357,232 thousand, compared to RMB 40,697,686 thousand in the previous year, reflecting a year-over-year increase of about 23.5%[19]. - The company reported a net profit before tax of RMB 60,365,758 thousand, reflecting strong operational performance[19]. - The net profit for the year ended December 31, 2022, was RMB 28,091,865,000, a decrease from RMB 32,401,239,000 in 2021, representing a decline of approximately 13.5%[26]. Revenue Breakdown - The total contracted sales amount reached RMB 301.33 billion, with an area of 12.33 million square meters settled during the year[2]. - For the year ending December 31, 2022, total revenue from property sales amounted to RMB 176,162,335, while property investment and management generated RMB 16,518,127[18]. - The hotel operations segment reported revenue of RMB 1,393,972, and construction and renovation services contributed RMB 29,223,092, leading to a total consolidated revenue of RMB 223,297,526[18]. - Revenue from external customers for property sales reached RMB 176,162,335, while property investment generated RMB 15,627,374[18]. - The company's revenue from sales of goods was CNY 495,498,250 in 2022, compared to CNY 402,563,432 in 2021, representing an increase of 23.0%[7]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 1.219 per share, resulting in a total annual dividend of RMB 1.401 per share, an increase of 1.5% year-on-year[3]. - The interim dividend for 2022 is proposed at RMB 0.182 per share, compared to RMB 0.173 per share in 2021, reflecting an increase of 5.2%[27]. - The final dividend for the year ended December 31, 2022, is proposed at RMB 1.219 per share, up from RMB 1.207 per share in 2021, indicating a growth of 1%[28]. Assets and Liabilities - The total land bank area increased by 10.95 million square meters, totaling 64.78 million square meters as of December 31, 2022[3]. - Non-current assets increased to CNY 368,047,274 as of December 31, 2022, compared to CNY 334,531,526 as of December 31, 2021, representing an increase of 10.0%[7]. - Current liabilities increased to CNY 527,256,053 in 2022, up from CNY 464,627,187 in 2021, indicating a rise of 13.4%[8]. - The company's total liabilities increased to RMB 140,858,316,000 in 2022 from RMB 131,692,790,000 in 2021, representing a growth of about 6.6%[33]. - The company's equity attributable to owners was CNY 244,047,069 in 2022, up from CNY 226,529,270 in 2021, showing an increase of 7.7%[8]. Financing and Debt Management - The company maintained cash and cash equivalents of RMB 97.5 billion, with a total interest-bearing debt ratio of 40.2%[3]. - The average financing cost at year-end was 3.75%, with an average debt maturity extended to 5.4 years[3]. - The group’s net interest-bearing debt to equity ratio is 38.8%, an increase of 8.4 percentage points from 30.4% at the end of 2021, while still remaining at a low level within the industry[65]. - The group raised a total of RMB 39.1 billion through various financing methods, including corporate bonds and medium-term notes, to support business development and reduce financing costs[67]. Operational Efficiency and Strategy - The company achieved significant improvements in operational efficiency, with residential project launch and delivery cycles leading the industry, showcasing a commitment to quality and timely execution[37]. - The company is focusing on technological innovation and digital transformation, achieving a leading position in operational digitization within the industry[37]. - The company plans to continue focusing on property development and management as key growth areas moving forward[16]. - The company has implemented a talent development strategy, including external recruitment and internal exchange programs, to enhance its workforce capabilities[38]. Market Position and Future Outlook - The company has improved its sales ranking to fourth in the development and sales business, solidifying its industry position[41]. - The company plans to focus on long-term rental and industrial REITs, which are expected to present new opportunities for value release in operational real estate[41]. - The company aims to enhance cash flow management and financial flexibility while maintaining the lowest debt ratio and financing costs in the industry[39]. - The company is actively exploring acquisition opportunities to strengthen and enhance its market position amid industry transformation[42].