Financial Performance - For the year ended December 31, 2023, the group's operating revenue was RMB 73,564.50 million, with a gross profit of RMB 8,483.57 million and total profit and comprehensive income of RMB 2,125.07 million[2]. - The core net profit for the year was RMB 2,256.45 million, with the attributable core net profit to the company amounting to RMB 1,029.72 million[2]. - The total comprehensive income for the year attributable to the company was RMB 913.58 million, down from RMB 1,726.36 million in the previous year[6]. - The operating profit for the year was RMB 4,306.61 million, compared to RMB 6,831.10 million in the previous year[5]. - The company's profit before tax for the year ended December 31, 2023, was RMB 4,486,978 thousand, a decrease of 34.5% compared to RMB 6,888,005 thousand for the year ended December 31, 2022[30]. - Net profit decreased by 40.6% to RMB 2,125.07 million, down from RMB 3,576.77 million in 2022[59]. - Core net profit dropped by 41.7% to RMB 2,256.45 million, compared to RMB 3,870.19 million in 2022[59]. - Basic earnings per share for the year ended December 31, 2023, was RMB 0.66, a decline of 50% from RMB 1.34 in 2022[33]. Revenue Breakdown - Total revenue for the property development and sales segment was RMB 71,679,140,000 for the year ended December 31, 2023, a slight decrease from RMB 72,192,121,000 in 2022[16]. - Revenue from property management services increased to RMB 1,521,957,000 in 2023, up from RMB 1,142,112,000 in 2022, representing a growth of approximately 33.2%[16]. - The group's recognized revenue from property development and sales for the year was RMB 58,087,021,000, compared to RMB 57,411,558,000 in 2022[22]. - Revenue from commercial property investment and operations rose by 22.5% to RMB 363.40 million, up from RMB 296.62 million in 2022, attributed to the recovery of leasing and cultural tourism projects post-pandemic[63]. Assets and Liabilities - As of December 31, 2023, the asset-liability ratio after deducting advance receipts was 67.3%, and the net debt ratio was 35.8%[2]. - The total interest-bearing debt as of December 31, 2023, was RMB 38.07 billion, a decrease of 21.4% compared to the end of the previous year[2]. - Total assets decreased from RMB 251,938,754 thousand in 2022 to RMB 201,579,205 thousand in 2023, a decline of approximately 20%[8]. - Total liabilities decreased from RMB 201,624,905 thousand in 2022 to RMB 151,460,458 thousand in 2023, a reduction of around 25%[8]. - The company's equity attributable to owners decreased slightly from RMB 24,864,820 thousand in 2022 to RMB 25,309,314 thousand in 2023, an increase of about 1.8%[8]. Cash Flow and Financing - The average effective interest rate for the year was 4.80%[2]. - The company's total current liabilities decreased from RMB 166,263,702 thousand in 2022 to RMB 125,275,600 thousand in 2023, a decrease of approximately 24.7%[8]. - The company's retained earnings increased from RMB 15,876,293 thousand in 2022 to RMB 16,032,062 thousand in 2023, an increase of about 1%[8]. - The total cash and bank deposits as of December 31, 2023, were RMB 20,141.70 million, down from RMB 26,390.87 million in 2022[71]. - The net debt ratio improved to 35.8% as of December 31, 2023, compared to 43.9% in 2022, reflecting a decrease in net debt[72]. Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.36 per share for the year ended December 31, 2023, compared to HKD 0.80 per share in 2022[36]. - The company issued 79,460,990 shares as part of the final dividend payment, with a total market value of approximately RMB 495,822,000[46]. - The proposed final dividend for the year ended December 31, 2022, was HKD 0.80 per share, down from HKD 1.60 per share in 2021, a reduction of 50%[46]. Operational Highlights - The company delivered 140 projects, totaling over 90,000 units in 2023, ensuring stable and high-quality delivery[53]. - The total land reserve reached 28.16 million square meters, covering 327 property development projects across five major economic regions[60]. - The service segment reported a contract area of 90.32 million square meters, with a managed area of 65.35 million square meters and a customer satisfaction score consistently above 89[55]. - The green prefabricated industry achieved a cumulative production capacity of over 130,000 cubic meters, with external project contributions reaching 98.2%[56]. - The company has delivered approximately 51,000 households, positioning itself among the industry leaders in market share[57]. Risk Management and Compliance - The company does not anticipate significant adverse effects on its business or financial condition from ongoing litigation and legal proceedings[80]. - The audit committee reviewed the consolidated financial statements for the year ended December 31, 2023, ensuring compliance with accounting principles and risk management[91]. - The company has maintained compliance with the corporate governance code as of December 31, 2023, despite the chairman also serving as CEO[89]. - The company conducts annual risk assessments with external consultants to identify and mitigate potential operational risks[90].
美的置业(03990) - 2023 - 年度业绩