Financial Performance - For the year ended December 31, 2022, the group's revenue was approximately RMB 11,809.2 million, with a gross profit of approximately RMB 2,719.1 million and a net profit of approximately RMB 1,478.6 million[2]. - The group reported earnings attributable to shareholders of approximately RMB 1,422.7 million, with basic earnings per share of approximately RMB 0.13[3]. - The group's net profit for the year 2022 was approximately RMB 1,478.6 million, with profit attributable to the company's owners amounting to approximately RMB 1,422.7 million[73]. - Total revenue for the group decreased from RMB 13,193,464,000 in 2021 to RMB 11,809,176,000 in 2022, a decline of approximately 10.5%[16]. - The gross profit for the year was approximately RMB 2,719.1 million, with a gross margin of 23.0%, down from 27.8% in 2021[68]. Revenue Breakdown - Revenue for property management services was RMB 9,440,560,000 in 2022, an increase from RMB 9,101,820,000 in 2021, representing a growth of approximately 3.7%[16]. - Community value-added services revenue was RMB 2,280,523,000 in 2022, slightly down from RMB 2,288,944,000 in 2021[16]. - Revenue from non-owner value-added services plummeted by 95.1% to RMB 88.1 million due to the liquidity crisis of related parties[65]. - Revenue from community value-added services was RMB 2,280.5 million, representing a slight decline of 0.4% year-on-year[64]. Assets and Liabilities - The group's total assets as of December 31, 2022, amounted to RMB 7,147.8 million, compared to RMB 6,602.1 million in 2021[6]. - Total liabilities decreased from RMB 10,104.7 million in 2021 to RMB 8,660.5 million in 2022[6]. - As of December 31, 2022, the group's net current liabilities and net liabilities were RMB 3,321,357,000 and RMB 1,512,765,000 respectively[10]. - The total liabilities as of December 31, 2022, included net current liabilities of approximately RMB 3,321,357,000 and net debt of RMB 1,512,765,000[52]. Cash Flow and Expenses - The group’s cash and cash equivalents increased from RMB 1,130.2 million in 2021 to RMB 1,568.0 million in 2022[5]. - Total expenses for the year decreased to RMB 9,867,451 thousand in 2022 from RMB 10,509,584 thousand in 2021, a decrease of 6.1%[25]. - Employee benefit expenses decreased to RMB 5,329,374 thousand in 2022 from RMB 5,767,308 thousand in 2021, a reduction of 7.6%[25]. - The current tax expense for 2022 was RMB 428,098 thousand, up from RMB 256,371 thousand in 2021, an increase of 67%[26]. Operational Developments - The total contracted area as of December 31, 2022, was approximately 819 million square meters, with a managed area of approximately 500 million square meters, maintaining a leading position in the industry[2]. - The company expanded its third-party project management area to approximately 148 million square meters, accounting for about 30% of the total managed area, with new third-party management area representing about 37% of the total new management area[55]. - The customer complaint rate decreased by 13.5% year-on-year, indicating an improvement in property service satisfaction[54]. - The company aims to enhance its market expansion capabilities and service quality, focusing on becoming a benchmark in the property service industry in China[56]. Debt and Repayment Plans - 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 for approximately RMB 13,400,000,000 in secured notes, which is expected to have no significant impact on future cash flows[10]. - The group has reached agreements with several creditors to extend repayment periods from one to four years, with further extensions possible if necessary[10]. Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the year ending December 31, 2022[88]. - The company's auditor confirmed that the financial data in the performance announcement aligns with the audited financial statements for the year ending December 31, 2022[89]. - The company has adopted the Corporate Governance Code as per the Hong Kong Stock Exchange rules and complied with all applicable provisions for the year ending December 31, 2022[86]. Future Outlook - The company intends to shift its third-party project expansion from "scale" to "efficiency and scale," optimizing project layout and enhancing operational competitiveness[57]. - The company will maintain a prudent operational approach in 2023, focusing on high-quality service capabilities and community value-added business potential[57]. - The company plans to develop a comprehensive service portal focusing on property services and lifestyle services, enhancing customer convenience and satisfaction[56].
恒大物业(06666) - 2022 - 年度业绩