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宝龙商业(09909) - 2022 - 年度业绩
POWERLONG CMPOWERLONG CM(HK:09909)2023-03-29 13:14

Financial Performance - The group's revenue for the year ended December 31, 2022, was approximately RMB 2,549.3 million, representing a growth of about 3.5% compared to RMB 2,464.0 million for the year ended December 31, 2021[2]. - The group's gross profit for the year ended December 31, 2022, was approximately RMB 834.4 million, an increase of about 1.5% from RMB 821.8 million for the year ended December 31, 2021[2]. - The profit attributable to shareholders for the year ended December 31, 2022, was approximately RMB 443.1 million, up about 1.1% from RMB 438.1 million for the year ended December 31, 2021[2]. - The core profit attributable to shareholders for the year ended December 31, 2022, was approximately RMB 517.1 million, an increase of about 4.8% from RMB 493.3 million for the year ended December 31, 2021[2]. - Total segment revenue for the year ended December 31, 2022, was RMB 2,549,258 thousand, an increase from RMB 2,463,996 thousand in 2021, representing a growth of approximately 3.5%[31]. - Customer contract revenue for the year was RMB 2,404,515 thousand, up from RMB 2,268,047 thousand in 2021, indicating a year-over-year increase of about 6.0%[31]. - The annual profit before tax was RMB 613,397 thousand, with a tax expense of RMB 174,284 thousand, resulting in a net annual profit of RMB 439,113 thousand[31]. - The effective income tax rate for the group was 28.41% for the year ended December 31, 2022, compared to 27.92% in 2021[66]. - The company reported a total of RMB 232,463,000 in trade receivables after accounting for impairment provisions of RMB 43,960,000 as of December 31, 2022[77]. - The company reported interest income of RMB 53,462 thousand and interest expenses of RMB 57,803 thousand, resulting in a net interest expense of RMB 2,341 thousand[31]. Assets and Liabilities - The total assets as of December 31, 2022, amounted to RMB 5,213.3 million, compared to RMB 5,072.4 million as of December 31, 2021[10]. - The total equity as of December 31, 2022, was RMB 2,736.1 million, an increase from RMB 2,470.7 million as of December 31, 2021[16]. - The total liabilities as of December 31, 2022, were RMB 2,477.1 million, a decrease from RMB 2,601.7 million as of December 31, 2021[16]. - Total liabilities decreased to RMB 2,477,138 thousand from RMB 2,601,670 thousand in 2021, representing a reduction of about 4.8%[36]. - The company's cash and bank balances increased to RMB 3,300,950 thousand from RMB 2,770,721 thousand in 2021, showing a growth of approximately 19.1%[36]. Dividends - The board proposed a final dividend of HKD 0.15 per share for the year ended December 31, 2022, totaling HKD 0.30 per share including the interim dividend[2]. - The company declared a final dividend of HKD 0.15 per share, amounting to approximately RMB 84,635,000, pending shareholder approval[75]. Business Segments - The group has two business segments: Commercial Operations Services and Residential Property Management Services[28]. - The majority of the group's consolidated revenue and performance is derived from the Chinese market[29]. - The commercial operation services segment generated total revenue of approximately RMB 2,058.3 million for the year ended December 31, 2022, representing a 2.0% increase from RMB 2,017.1 million in 2021[104]. - The residential property management services segment achieved a gross profit of RMB 123.7 million with a gross margin of 25.2% for the year ended December 31, 2022, up from RMB 111.2 million and a gross margin of 24.9% in 2021[102]. Market Expansion and Projects - The company managed 92 residential projects with a total delivered area of approximately 1.94 million square meters as of December 31, 2022, and signed contracts for 140 projects totaling approximately 3.07 million square meters[88]. - The company has signed contracts for property management services, indicating ongoing market expansion efforts[88]. - The company continues to expand its presence in the Yangtze River Delta region, with multiple projects launched in cities like Hangzhou and Taizhou[108]. - The company is focusing on strategic management models, including entrusted management for its commercial properties[108]. - The company plans to launch 13 new projects in 2023, also approximately 1.0 million square meters, aiming to establish more benchmark projects[195]. Technology and Innovation - The company upgraded its management system to AI and implemented intelligent applications, enhancing operational efficiency[168]. - The intelligent security system developed in collaboration with Tencent has an automated identification rate of over 90% for incidents such as fights, crowd gatherings, and road congestion[156]. - The smart energy management platform, developed in collaboration with Tencent, has achieved over 60% reduction in energy consumption through efficient management[188]. - The introduction of AI technology has enabled the company to implement a digital employee, the "Business Risk Control Officer," for 360-degree performance tracking and risk monitoring[187]. Customer Engagement and Satisfaction - The Baolong Youyou membership system saw significant growth in 2022, adding over 5 million new members, bringing the total to nearly 10 million members[170]. - The company aims to enhance its core competitiveness by improving owner satisfaction and increasing collection and clearance rates[198]. - The company plans to leverage AI technology to enhance consumer interaction and activate the spending potential of nearly 10 million members[196]. Economic Environment - The overall economic environment in China showed resilience with a GDP growth rate of 3% in 2022, supporting the company's long-term development strategy[174]. - The group anticipates a better consumer sentiment in 2023, driven by the gradual recovery of offline consumption following the shift in pandemic policies[129].