Financial Performance - For the year ended December 31, 2022, Poly Property Services Co., Ltd. reported revenue of approximately RMB 13,686.7 million, an increase of 26.9% compared to RMB 10,782.5 million in 2021[2][3]. - The gross profit for the same period was approximately RMB 2,573.8 million, reflecting a growth of 27.8%, with a gross margin of 18.81%, up 0.13 percentage points from the previous year[2][3]. - The net profit for the year was approximately RMB 1,133.3 million, representing a 30.1% increase from RMB 870.9 million in 2021, with a net margin of 8.3%, up 0.2 percentage points[2][3]. - The profit attributable to owners of the company was approximately RMB 1,112.9 million, an increase of 31.6% compared to RMB 845.7 million in the prior year[2][3]. - Basic earnings per share for the year were RMB 2.014, up 31.8% from RMB 1.528 in 2021[2][3]. - The total comprehensive income for the year was RMB 1,133.3 million, compared to RMB 877.9 million in 2021[7]. - The company’s total tax expense for 2022 was RMB 388,998,000, an increase from RMB 300,542,000 in 2021, reflecting higher profitability[25]. - The group's profit for the year ended December 31, 2022, was approximately RMB 1,133.3 million, representing a growth of about 30.1% from RMB 870.9 million in the same period of 2021[88]. Revenue Breakdown - Revenue contributions from the three main business segments included property management services at RMB 8,428.4 million (up 26.4%), value-added services to non-owners at RMB 2,194.6 million (up 21.2%), and community value-added services at RMB 3,063.6 million (up 33.1%) compared to 2021[3]. - Total revenue for the year ended December 31, 2022, was RMB 13,686,662 thousand, representing an increase of 27.5% from RMB 10,782,549 thousand in 2021[19]. - Property management services generated revenue of RMB 8,428,388 thousand, up 26.4% from RMB 6,670,397 thousand in the previous year[19]. - Community value-added services revenue increased to RMB 3,063,633 thousand, a rise of 33.2% compared to RMB 2,300,921 thousand in 2021[19]. - Non-owner value-added services, including event coordination services, contributed RMB 1,787,099 thousand, reflecting an increase of 18.6% from RMB 1,506,387 thousand in 2021[19]. - The revenue from community retail amounted to approximately RMB 907.5 million, accounting for about 29.6% of total community value-added services revenue[73]. - The revenue from home improvement services was approximately RMB 557.9 million, representing about 18.2% of total community value-added services revenue[72]. - The revenue from parking services was approximately RMB 325.2 million, accounting for about 10.6% of total community value-added services revenue[74]. - The revenue from space operation services reached approximately RMB 327.9 million, representing about 10.7% of total community value-added services revenue[75]. Assets and Liabilities - The total assets less current liabilities amounted to RMB 7,924.5 million, compared to RMB 7,001.8 million in the previous year[8]. - The equity attributable to owners of the company increased to RMB 7,690.6 million from RMB 6,785.7 million in 2021[10]. - The company's total assets as of December 31, 2022, were RMB 4,677,113,000, compared to RMB 4,302,489,000 in 2021, showing growth in asset base[24]. - The trade receivables from related parties and third parties amounted to RMB 620,170,000 and RMB 1,733,871,000 respectively as of December 31, 2022, compared to RMB 389,073,000 and RMB 1,092,643,000 in 2021[31]. - Trade payables as of December 31, 2022, were approximately RMB 1,574.9 million, reflecting a significant increase of about 96.0% from RMB 803.6 million as of December 31, 2021[95]. - Accrued expenses and other payables as of December 31, 2022, were approximately RMB 1,988.9 million, an increase of about 11.7% from RMB 1,780.8 million as of December 31, 2021[96]. Cash Flow and Financing - Cash and cash equivalents as of December 31, 2022, were approximately RMB 8,956.3 million, an increase of 16.5% from RMB 7,690.6 million in 2021[2][3]. - The company’s financing costs related to lease liabilities increased to RMB 4,629,000 in 2022 from RMB 2,992,000 in 2021, indicating a rise in lease obligations[24]. - The total employee cost for the year ending December 31, 2022, was approximately RMB 4,677.1 million, with 43,433 employees as of that date[100]. - The company raised approximately HKD 5,218.2 million from the issuance of H shares, with HKD 3,690.7 million utilized by December 31, 2022, leaving HKD 1,527.5 million unutilized[98]. Strategic Initiatives - The company aims to enhance service quality and brand reputation through improved service standards and quality control systems[79]. - The company plans to focus on five core industries to drive sustainable development and explore new business models[80]. - The company is committed to digital transformation to enhance operational efficiency and management precision[80]. - The company aims to enhance property management market share and deepen community value-added services through lean management and digital empowerment[76]. - The strategy includes expanding market presence by focusing on quality regions and core business areas, optimizing business structure, and enhancing customer resource development[77]. - The company is transitioning towards a high-quality development model, focusing on core product and service capabilities to improve community living standards[55]. Market Position and Growth - The group ranked third in the 2022 China Property Service Top 100 Companies and first among state-owned enterprises in property management[58]. - The total area of contracted management projects as of December 31, 2022, was approximately 771.6 million square meters, with a total of 2,721 projects, covering 210 cities across 29 provinces and municipalities[59]. - The area managed from third-party projects increased to approximately 458.4 million square meters, representing a growth of about 81.1 million square meters year-on-year, and accounted for 59.4% of total contracted management area[60]. - Non-residential markets are expected to become a significant growth engine, with increasing demand for commercial, public, and urban services[56]. Governance and Compliance - The audit committee has reviewed the audited consolidated financial statements for the year ended December 31, 2022, ensuring compliance with accounting principles and internal controls[105]. - The company has adopted the Corporate Governance Code and has complied with all applicable provisions as of December 31, 2022[107]. - The group did not have any significant investments, acquisitions, or sales during the year ended December 31, 2022[97].
保利物业(06049) - 2022 - 年度业绩