Financial Performance - Total revenue reached RMB 20,831.4 million, a year-on-year increase of 69.2%, with property development revenue at RMB 16,483.7 million, up 130.6%[2] - Profit attributable to the owners of the company was RMB 530.8 million, a decrease of 10.3%, while core net profit, excluding fair value losses and currency fluctuations, rose by 48.9% to RMB 822.7 million[2] - Gross profit increased to RMB 6,406.4 million, compared to RMB 4,713.6 million in the previous year[3] - Total comprehensive income for the year was RMB 812.5 million, down from RMB 1,724.1 million in the previous year[4] - The company reported a total of RMB 17,927,330 in revenue from customer contracts, compared to RMB 8,794,012 in 2021, indicating a growth of 103.3%[18] - The total segment profit for the year was RMB 4,077,753, with a significant contribution from property investment and management services[32] - The pre-tax profit before deducting certain items was RMB 530,773,000 in 2022, down from RMB 591,666,000 in 2021, indicating a decline of about 10.3%[57] - The annual profit for the group was approximately RMB 1,100.6 million, a decrease of 25.9% year-on-year, with attributable profit to the company’s owners at RMB 530.8 million, down 10.3%[80] Revenue Breakdown - Contracted sales amounted to RMB 28,558.0 million, reflecting a year-on-year growth of 5.8%, with contracted sales area increasing by 25.0% to 800,946.4 square meters[2] - Revenue from property sales reached RMB 16,483,682, significantly up from RMB 7,149,317 in the previous year, marking a growth of 130.5%[17] - Rental income from operating leases was RMB 2,904,027, down from RMB 3,519,285 in 2021, reflecting a decrease of 17.4%[31] - Revenue from hotel operations decreased to RMB 553,699 from RMB 766,392, a decline of 27.8%[17] - The group's investment property rental and related service income totaled approximately RMB 3,492.9 million, a decrease of 13.9% from RMB 4,055.9 million in the previous year[68] Assets and Liabilities - Non-current assets increased to RMB 78,439.6 million from RMB 73,899.4 million year-on-year, driven by growth in investment properties[5] - Current liabilities increased to RMB 27,102,922 thousand from RMB 15,598,770 thousand, representing a growth of 73.5% year-over-year[7] - Non-current liabilities for bank loans increased significantly to RMB 19,406,417 thousand from RMB 12,776,484 thousand, a rise of 52%[9] - The company’s total liabilities increased to RMB 47,453,291 thousand from RMB 31,478,796 thousand, marking a significant rise of 50.8%[9] - Total assets as of December 31, 2022, were approximately RMB 140,003.5 million, up from RMB 131,020.4 million in 2021[84] Cash Flow and Financing - The average financing cost was reduced to 3.97%, a decrease of 0.16 percentage points year-on-year, as the company focused on optimizing its capital structure[2] - The company reported a significant increase in cash and bank balances, totaling RMB 16,895.4 million, compared to RMB 10,352.9 million in the previous year[6] - The company’s cash flow management strategies are expected to focus on optimizing working capital and reducing reliance on third-party loans[10] - Total borrowings rose by 17.0% to RMB 45,766.5 million compared to RMB 38,989.7 million in the previous year[84] - The net debt to total equity ratio was approximately 49.5%, slightly up from 49.1% in the previous year[84] Dividends and Shareholder Information - The board proposed a final dividend of HKD 0.012 per share for the year, compared to no dividend in the previous year[2] - The company proposed a final dividend of HKD 0.012 per ordinary share for the year ending December 31, 2022, totaling approximately RMB 153,000,000, compared to no dividend in 2021[56] - The final dividend record date for the year ended December 31, 2022, is June 12, 2023[95] Market and Operational Insights - The company continues to focus on expanding its market presence and enhancing its service offerings to drive future growth[17] - The group plans to focus on enhancing consumer experience and adapting to changing consumer preferences in the retail real estate market post-pandemic[81] - The average occupancy rate for shopping centers was 93%, with rental income recorded at approximately RMB 2,157.6 million[68] - The total retail sales of consumer goods in 2022 reached approximately RMB 43.97 trillion, a year-on-year decrease of 0.2%[65] Governance and Compliance - The company has adopted all provisions of the Corporate Governance Code, except for the provision regarding the attendance of the chairman at the annual general meeting due to travel restrictions during the COVID-19 pandemic[91] - The audit committee reviewed the accounting policies and the audited consolidated financial statements for the year ended December 31, 2022[93] - The company confirmed compliance with the Securities Trading Code throughout the year[92]
大悦城地产(00207) - 2022 - 年度业绩