Financial Performance - The group's revenue for the year ended December 31, 2022, was RMB 14,856.3 million, representing an 18.2% increase compared to RMB 12,566.1 million in 2021[2]. - Revenue from property services reached RMB 9,448.5 million, accounting for 63.6% of total revenue, with a year-on-year growth of 21.6%[2]. - The group's gross profit was RMB 2,402.0 million, a 3.1% increase from RMB 2,330.5 million in 2021, with a gross profit margin of 16.2%[3]. - Core operating profit was RMB 980.9 million, down 9.1% from RMB 1,079.5 million in 2021[3]. - Net profit attributable to equity shareholders was RMB 547.5 million, a decrease of 35.3% compared to RMB 846.3 million in 2021[3]. - The net profit margin for the year was 4.3%, down 2.8 percentage points from 7.1% in 2021[3]. - Basic and diluted earnings per share for the year were both RMB 0.17, down from RMB 0.26 in the previous year, indicating a decrease of approximately 34.6%[5]. - The reported profit for 2022 was RMB 863,941,000, a decrease of 28.5% from RMB 1,210,721,000 in 2021[27]. - Net profit for the year was RMB 631.4 million, a decline of 29.1% compared to RMB 890.4 million in 2021[77]. Cash Flow and Liquidity - As of December 31, 2022, the group's cash and cash equivalents amounted to RMB 4,183.4 million, a decrease from RMB 4,306.6 million in 2021[3]. - Operating cash flow net amount for 2022 was RMB 695,276 thousand, a decrease of 31.7% from RMB 1,018,706 thousand in 2021[9]. - Cash and cash equivalents at the end of 2022 were RMB 4,183,381 thousand, down from RMB 4,306,619 thousand at the end of 2021[10]. - The company's debt ratio increased to 53.3%, up 4.6 percentage points from 48.7% at the end of 2021[80]. - The company reported a net cash inflow from operating activities of RMB 695.3 million, down 31.7% from RMB 1,018.7 million in 2021[79]. Assets and Liabilities - Total assets reached RMB 10,840,595 thousand, up from RMB 9,278,237 thousand, marking an increase of approximately 16.9%[7]. - Total liabilities increased to RMB 1,590,075 thousand from RMB 1,215,770 thousand, indicating a rise of approximately 30.8%[8]. - The company's equity attributable to shareholders increased to RMB 7,120,989 thousand from RMB 7,019,312 thousand, reflecting a growth of approximately 1.4%[8]. - Trade and other receivables rose to RMB 4,840,364 thousand, compared to RMB 3,054,668 thousand in the previous year, representing an increase of approximately 58.5%[7]. - Total liabilities rose to RMB 8,977,549,000 in 2022, up from RMB 7,004,489,000 in 2021, indicating a 28.2% increase[27]. Revenue Segmentation - The technology services segment generated revenue of RMB 489,390 thousand, a significant increase of 121.1% compared to RMB 220,802 thousand in 2021[18]. - The group’s revenue from consulting services reached RMB 2,066,796 thousand, reflecting an increase of 6.6% from RMB 1,938,704 thousand in 2021[20]. - The revenue from park services was RMB 2,820,751 thousand, showing a growth of 8.9% from RMB 2,589,430 thousand in the previous year[18]. - The revenue from community products and services was RMB 1,138.3 million, accounting for 39.8% of total revenue, with an 18.7% increase from RMB 958.7 million in 2021[93]. - The revenue from property asset management services was RMB 661.7 million, representing 23.2% of total revenue, but decreased by 15.1% from RMB 779.1 million in 2021[92]. Expenses and Costs - The cost of sales for the year was RMB 12,454.4 million, an increase of 21.7% compared to RMB 10,235.6 million in 2021, outpacing revenue growth[65]. - Selling and marketing expenses rose to RMB 266.3 million, a 32.8% increase from RMB 200.6 million in 2021, driven by costs associated with community service operations[67]. - Administrative expenses increased to RMB 1,154.8 million, up 9.9% from RMB 1,050.5 million in 2021, but were effectively controlled relative to revenue growth[68]. - Trade and other receivables impairment losses reached RMB 142.1 million, a 57.5% increase from RMB 90.2 million in 2021, influenced by the domestic real estate environment and COVID-19[69]. - Other operating expenses amounted to RMB 124.8 million, a significant increase of 226.7% from RMB 38.2 million in 2021, primarily due to prudent impairment provisions for certain financial assets[70]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.100 per share for 2022, down from HKD 0.160 per share in 2021[3]. - The proposed final dividend per ordinary share for 2022 is HKD 0.100, down from HKD 0.160 in 2021, resulting in a total dividend payable of RMB 288,739 thousand compared to RMB 530,671 thousand in the previous year[46]. - The company will hold its annual general meeting on June 16, 2023, to approve the proposed dividend[115]. Corporate Governance and Compliance - The company has adopted new corporate governance rules, ensuring compliance with applicable regulations and enhancing accountability[117]. - The audit committee has been established to oversee the company's financial reporting and internal controls[119]. - The company's financial statements for the year ended December 31, 2022, were reviewed and confirmed by the auditors[119]. - All directors confirmed compliance with the standards for securities trading during the year ended December 31, 2022[120]. Employee and Operational Insights - As of December 31, 2022, the group had 44,495 employees, an increase of 18.2% compared to the end of 2021, with a total employee cost of RMB 5,064.5 million, up 21.4% year-on-year[111]. - The company provided diverse training and personal development plans for employees, aligning compensation with market standards and employee performance[110]. - The group has implemented a people-oriented compensation policy to promote shared prosperity among its employees[111]. Strategic Initiatives and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]. - The company is focusing on "two cores and four enhancements" to improve core competitiveness and create new value and growth opportunities[61]. - The company plans to enhance service competitiveness through service upgrades and expand service scenarios to drive business development[102]. - The company is actively pursuing strategic partnerships with major state-owned enterprises to strengthen its market position[60].
绿城服务(02869) - 2022 - 年度业绩