Financial Performance - The total revenue for the year ended December 31, 2022, was RMB 13,452,639,000, a decrease of 43.4% from RMB 23,844,720,000 in 2021[3]. - The company reported a gross loss of RMB 2,095,785,000 for 2022, compared to a gross profit of RMB 5,045,516,000 in 2021[3]. - The net loss attributable to the owners of the company for 2022 was RMB 9,240,619,000, compared to a profit of RMB 2,421,351,000 in 2021, representing a significant decline[3]. - The total comprehensive loss for the year was RMB 13,611,020,000, compared to a total comprehensive income of RMB 4,061,505,000 in 2021[5]. - The total pre-tax loss for the year 2022 was RMB 10,697,269, compared to a pre-tax profit of RMB 4,081,066 in 2021[54]. - The company reported a net loss of RMB 9,842,261 for 2022, compared to a profit of RMB 2,562,938 in 2021[54]. - The group reported a net annual loss of approximately RMB 9,842.3 million in 2022, compared to a profit of RMB 2,562.9 million in 2021[89]. - The company's basic and diluted loss per share for 2022 was RMB (289) cents, compared to earnings of RMB 76 cents per share in 2021[3]. - The company's diluted loss per share for 2022 was RMB (2.89), compared to earnings of RMB 0.76 per share in 2021, based on a weighted average of 3,195,979,461 shares[63]. Assets and Liabilities - The company's total assets decreased to RMB 204,884,083,000 in 2022 from RMB 232,249,051,000 in 2021, reflecting a decline of approximately 11.7%[7]. - The total liabilities decreased to RMB 164,684,788,000 in 2022 from RMB 172,547,118,000 in 2021, indicating a reduction of about 4.6%[7]. - The equity attributable to the owners of the company decreased to RMB 40,199,295,000 in 2022 from RMB 59,701,933,000 in 2021, a decline of approximately 32.7%[9]. - The debt-to-equity ratio increased to 161.8% as of December 31, 2022, compared to 79.2% as of December 31, 2021[98]. - As of December 31, 2022, the company had interest-bearing bank and other borrowings of RMB 22,245 million, while cash and cash equivalents amounted to RMB 3,356 million[175]. Revenue Breakdown - Property development revenue was RMB 11,908,012, down from RMB 22,191,746 in 2021, indicating a decrease of about 46.5%[43]. - The hotel operations segment generated revenue of RMB 600,233, a decline from RMB 695,583 in 2021, reflecting a decrease of approximately 13.7%[43]. - The company's revenue for 2022 was approximately RMB 13,452.6 million, a decrease of 43.6% from RMB 23,844.7 million in 2021, primarily due to delays caused by the COVID-19 pandemic[69]. - Property development revenue decreased by 46.3% to approximately RMB 11,908.0 million in 2022, down from RMB 22,191.7 million in 2021, with the total delivered gross floor area dropping from 1,598,546 square meters in 2021 to 806,218 square meters in 2022[70]. Operational Strategies - The company plans to accelerate the pre-sale and sale of properties under construction and completed properties to generate sufficient net cash inflow[22]. - The company is negotiating the sale of entire commercial properties and non-core property projects to improve cash flow[26]. - The company is actively seeking various fundraising opportunities in the capital market[19]. - The company aims to control administrative costs and capital expenditures to enhance financial stability[21]. - The group plans to actively promote large-scale sales in first-tier cities such as Guangzhou, Beijing, and Shanghai, which is expected to bring stable and considerable cash income, enhancing financial security[113]. Market Conditions and Future Outlook - The company acknowledges significant uncertainty regarding the successful implementation of its plans and measures to continue operations[27]. - The overall GDP growth target for the year is around 5.0%, with a positive outlook for the real estate market post-Chinese New Year[135]. - The group aims for "strong sales and reduced debt" to improve asset-liability conditions and enhance cash flow liquidity[137]. Corporate Governance and Compliance - The board believes that the terms of related party transactions are fair and reasonable, benefiting the company and its shareholders[171]. - The audit committee consists of three independent non-executive directors who review the financial reporting and risk management processes[172]. - The independent auditor, Ernst & Young, confirmed that the figures in the preliminary announcement align with the draft consolidated financial statements for the year ended December 31, 2022[174]. - The independent auditor's report highlights significant uncertainty regarding the company's ability to continue as a going concern[175]. - The company has complied with corporate governance codes, ensuring accountability and transparency[166]. Employee and Operational Metrics - Employee benefits expenses for the year ending December 31, 2022, amounted to approximately RMB 1,009.9 million, reflecting a decrease in total employees from about 6,500 in 2021 to approximately 3,600[149]. - The company did not declare any final dividend for the year ended December 31, 2022, consistent with the previous year[60].
合景泰富集团(01813) - 2022 - 年度业绩