Financial Performance - For the year ended December 31, 2021, the group's revenue was approximately RMB 13,193.5 million, with a gross profit of approximately RMB 3,663.9 million, and a net loss of approximately RMB 388.8 million[2]. - The company's total revenue for the year ended December 31, 2021, was approximately RMB 13,193.5 million, representing a year-on-year growth of about 22.4%[81]. - Property management services generated revenue of approximately RMB 9,101.8 million, accounting for 69.0% of total revenue, with a year-on-year increase of 44.0%[82]. - Community value-added services revenue reached approximately RMB 2,288.9 million, representing 17.3% of total revenue, and grew by 48.9% year-on-year[84]. - The overall gross profit for the company was approximately RMB 3,663.9 million, reflecting a year-on-year decrease of 8.8%[87]. - The company reported a net loss of RMB 388.8 million for the year, a shift from a net profit of RMB 2,646.5 million in the previous year, largely due to full impairment provisions for receivables from related parties[93]. Assets and Liabilities - The group's total assets as of December 31, 2021, amounted to RMB 6,602.1 million, a significant decrease from RMB 17,108.5 million as of December 31, 2020[4]. - The total liabilities of the group increased to RMB 10,104.7 million as of December 31, 2021, compared to RMB 7,251.9 million as of December 31, 2020[5]. - As of December 31, 2021, the group's net current liabilities and net debt were RMB 5,450,169,000 and RMB 3,502,530,000, respectively[9]. - The group’s non-current assets increased to RMB 2,681.6 million as of December 31, 2021, from RMB 287.9 million as of December 31, 2020[4]. - The company recognized a goodwill impairment of RMB 593,946 thousand as of December 31, 2021, compared to zero in 2020[38]. Cash Flow and Financial Position - The group's cash and cash equivalents decreased significantly to RMB 1,130.2 million from RMB 10,605.4 million in the previous year[4]. - Cash and cash equivalents totaled RMB 1,166.8 million, a decrease of approximately RMB 11,443.8 million from RMB 12,610.6 million, primarily due to pledged deposits for financing third-party companies[99]. - The company reported significant losses due to liquidity crises related to affiliated parties and a RMB 13.4 billion deposit pledge event, impacting its ability to continue as a going concern[104]. Dividends and Share Capital - The board of directors did not recommend the payment of any final dividend for the year ended December 31, 2021[2]. - The company did not declare or pay any dividends for the years ended December 31, 2021, and 2020[36]. - The company's issued share capital increased to RMB 10,810,811,000 as of December 31, 2021, from RMB 7,060,000,000 in 2020, reflecting a growth of 53.9%[45]. Employee and Operational Metrics - As of December 31, 2021, the company had 73,381 employees, with total employee costs amounting to approximately RMB 5,767.3 million for the year[105]. - Employee benefits expenses increased to RMB 5,767,308 thousand in 2021 from RMB 3,873,885 thousand in 2020, representing a growth of 48.7%[32]. Business Acquisitions and Investments - The company agreed to acquire 100% equity of Evergrande Insurance Brokerage for approximately RMB 39,198,000[14]. - The total acquisition cost for seven property management companies was RMB 2,167,981,000, with identified property management contracts and customer relationships valued at RMB 1,133,376,000 recognized as intangible assets[56]. - The net cash outflow from acquisitions for the year ended December 31, 2021, was RMB 1,101,795,000 after accounting for cash and cash equivalents acquired[59]. Debt and Restructuring Efforts - The group is actively discussing repayment plans with China Evergrande Group regarding RMB 13.4 billion of occupied funds to protect its interests[2]. - The group is negotiating a repayment plan with China Evergrande Group involving approximately RMB 13,400,000,000 in secured notes[9]. - Several creditors have agreed to extend repayment terms from one to four years, which may be further extended if necessary[10]. - The group has entered into restructuring support agreements with creditor groups to facilitate the proposed debt restructuring[70]. Compliance and Governance - The company has appointed new compliance and internal control advisors to ensure adherence to listing rules[116][115]. - An independent investigation committee was established to investigate the deposit pledge event, with findings indicating that approximately RMB 13.4 billion in deposits were enforced by banks due to the triggering of pledge realization conditions[113]. - The audit committee has reviewed the group’s accounting principles and practices, including the audited financial statements for the year ended December 31, 2021[121].
恒大物业(06666) - 2022 - 年度业绩