Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 54.034 billion, a decrease from RMB 73.028 billion in 2021[2]. - The net loss attributable to shareholders for the year was RMB 14.981 billion, compared to a profit of RMB 6.712 billion in the previous year[2]. - The gross profit for the same period was RMB 1,000,983 thousand, significantly down from RMB 19,021,069 thousand in the previous year[17]. - The group reported a loss of RMB 13,373,285 thousand for the year ended December 31, 2022, compared to a profit of RMB 9,098,037 thousand in 2021[29]. - The operating loss for the year was RMB 6.513 billion, a decline of 137.2% from an operating profit of RMB 17.517 billion in 2021[48]. - The company's financial expenses for the year were RMB 1,414,437 thousand, reflecting the company's ongoing financial challenges[17]. - The net financial expenses for 2022 amounted to RMB 3,101,837,000, an increase of 119% compared to RMB 1,414,437,000 in 2021[36]. - The company's total liabilities as of December 31, 2022, were RMB 197,655,352 thousand, compared to RMB 227,128,462 thousand at the end of 2021[33]. Sales and Revenue Breakdown - The total confirmed sales revenue from property development was RMB 37.426 billion, down 35.9% from RMB 58.402 billion in 2021[50]. - Revenue from property sales and construction services was RMB 37,426,389 thousand in 2022, down 36% from RMB 58,402,353 thousand in 2021[26]. - Property management services revenue increased to RMB 13,682,837 thousand in 2022, up 21% from RMB 11,329,941 thousand in 2021[26]. - The net rental income from investment properties decreased to RMB 219,654 thousand in 2022 from RMB 263,443 thousand in 2021[26]. - The group's property management revenue increased by 20.8% to RMB 13.683 billion from RMB 11.330 billion in 2021[51]. Debt and Financial Position - The group's total borrowings decreased by RMB 24.388 billion compared to December 31, 2021[3]. - The net debt ratio was 57.3%, an increase of 6.5 percentage points from the previous year[3]. - The total borrowings of the group as of December 31, 2022, were RMB 59.486 billion, compared to RMB 54.049 billion in 2021[62]. - The total borrowing cost for 2022 was RMB 4.464 billion, a decrease of 34.7% from RMB 6.836 billion in 2021[66]. - The company's borrowings decreased from 54,293,548 to 35,458,984, reflecting a reduction of approximately 35%[21]. Assets and Reserves - The group's total land reserves amounted to approximately 40.16 million square meters across 80 cities, with an average land price of RMB 3,255 per square meter[3]. - Total assets decreased to RMB 273,382,215 thousand as of December 31, 2022, down from RMB 316,559,739 thousand in 2021[20]. - The net book value of investment properties as of December 31, 2022, was RMB 9,367,543,000, a decrease from RMB 11,514,964,000 in 2021[43]. Operational Highlights - The company successfully delivered approximately 60,000 residential units, corresponding to an area of about 5.2 million square meters[7]. - The company continues to focus on the Greater Bay Area and the Yangtze River Delta for land reserves and development projects[8]. - The company raised approximately HKD 14 billion from the sale of 564 million shares of a subsidiary, enhancing cash flow[12]. - The company has established a comprehensive product system, including the "5N" and "5S+" service standards, to enhance customer experience[14]. Corporate Governance and Social Responsibility - The company is committed to sustainable development through various community and environmental initiatives, reflecting its corporate social responsibility[14]. - The company aims to maintain a stable development in its real estate business while expanding its brand recognition across the country[15]. - The company is committed to developing charitable initiatives as part of its corporate social responsibility[15]. - The company fully complied with the Directors' Securities Trading Code for the year ended December 31, 2022[89]. - The company adhered to all provisions of the Corporate Governance Code, except for the separation of roles between the Chairman and the CEO, which is currently held by the same individual[90]. Future Outlook - The group expects a strong economic recovery in 2023 as China relaxes its pandemic policies and engages in comprehensive international trade[83]. - The group anticipates that the real estate market will recover and develop healthily, supported by government policies aimed at stabilizing land prices and housing prices[83].
雅居乐集团(03383) - 2022 - 年度业绩