Financial Performance - The group delivered approximately 118,000 property units, resulting in a revenue of RMB 71.83 billion, an increase of 51.4% year-on-year[2]. - The net loss attributable to shareholders decreased by approximately RMB 4.07 billion, while the core net loss attributable to shareholders decreased by approximately RMB 1.27 billion[2]. - Revenue from investment property leasing and related services was approximately RMB 1.59 billion, up 28.4% year-on-year[2]. - The company reported a pre-tax loss of RMB 5.45 billion, significantly improved from a loss of RMB 12.93 billion in the previous year[4]. - Basic and diluted loss per share improved to RMB 0.86 from RMB 1.42 year-on-year[6]. - The reported revenue from external customers for the year ended December 31, 2023, was RMB 71,832,556, an increase from RMB 47,440,141 in 2022, representing a growth of approximately 51.4%[18]. - The segment profit for property sales and related services was RMB 651,544 for 2023, compared to RMB 126,682 in 2022, indicating a significant improvement in profitability[21]. - The total annual loss for 2023 was approximately RMB 8,678,900,000, down from RMB 13,560,000,000 in 2022, reflecting an improvement in financial performance[69]. - The group's equity attributable to shareholders showed a core net loss of approximately RMB 3,932,800,000 in 2023, compared to RMB 5,202,000,000 in 2022, indicating a narrowing of core losses[69]. Debt and Liquidity - Total outstanding borrowings decreased by approximately RMB 16.17 billion to RMB 92.28 billion[2]. - The company’s cash and cash equivalents decreased to RMB 12.75 billion from RMB 20.11 billion year-on-year[7]. - Current liabilities decreased from RMB 258,658,122,000 in 2022 to RMB 208,520,782,000 in 2023, a reduction of approximately 19.4%[8]. - The company's total assets minus current liabilities decreased from RMB 127,474,725,000 in 2022 to RMB 92,560,110,000 in 2023, a decline of approximately 27.4%[8]. - The company's equity attributable to shareholders decreased from RMB 29,414,366,000 in 2022 to RMB 20,229,281,000 in 2023, a drop of approximately 31.2%[8]. - The company has engaged a financial advisor to assist in restructuring financing arrangements to address liquidity issues[10]. - The company is actively negotiating with multiple financial institutions for the extension and renewal of existing bank loans to improve liquidity[10]. - The company is in discussions with financial institutions to secure project development loans for eligible projects to continue operations in China[10]. - The group will continue to seek alternative financing and loans to fulfill its financial obligations and fund future operating and capital expenditures[11]. - The group’s cash and bank balances as of December 31, 2023, were approximately RMB 13,753,900,000, down from RMB 20,553,400,000 in 2022, highlighting a decrease in liquidity[75]. - The total outstanding borrowings as of December 31, 2023, were approximately RMB 92,281,100,000, a reduction from RMB 108,449,700,000 in 2022, indicating a decrease in debt levels[76]. Asset Management - Non-current assets, including investment properties, totaled RMB 83.26 billion, compared to RMB 78.51 billion in the previous year[7]. - The fair value loss on investment properties was RMB 133.67 million, a significant improvement from RMB 1.26 billion in the previous year[4]. - The company recorded a loss of RMB 8.71 billion from properties held for sale and properties under development in 2023, compared to RMB 4.29 billion in 2022[60]. - The group had no new land acquisitions in 2023, with the total value of properties intended for sale amounting to RMB 96,603,300,000, down from RMB 160,801,700,000 in 2022, indicating a reduction in development projects[72]. - The group’s deferred tax assets were approximately RMB 2,231,200,000 as of December 31, 2023, a slight decrease from RMB 2,343,200,000 in 2022, suggesting stability in tax asset management[73]. Operational Highlights - The group achieved a contract sales amount of approximately RMB 70 billion in 2023[42]. - The total contracted sales area was about 5,143,800 square meters, with an average selling price of RMB 13,609 per square meter[42]. - Residential projects contributed approximately 85.1% of the total contract sales amount, while office and commercial projects accounted for 14.9%[42]. - The group sold 16 contiguous land parcels in Sydney, Australia, for AUD 66.3 million (approximately HKD 338.79 million) on February 14, 2024[38]. - The company’s operations are primarily based in China, with no significant revenue or non-current assets reported outside of this region[22]. Cost Management - Strict cost-saving measures have been implemented, including reducing non-core operational expenses[11]. - The group's cost of sales for 2023 was approximately RMB 60.60 billion, up 48.5% from 2022[59]. - Gross profit for 2023 was approximately RMB 11.23 billion, representing a 69.7% increase compared to RMB 6.62 billion in 2022[59]. - The company’s total employee costs (excluding retirement benefits) were RMB 3,968,437,000 in 2023, down from RMB 5,075,099,000 in 2022[28]. Regulatory and Governance - The audit committee reviewed the annual performance and confirmed compliance with applicable accounting standards and regulations[88]. - The board of directors consists of eight members, responsible for overall management and supervision of the group's operations[89]. - The annual performance announcement will be published on the Hong Kong Stock Exchange and the company's website[90]. - The 2023 annual report will be sent to shareholders and made available for review on the aforementioned websites[90].
旭辉控股集团(00884) - 2023 - 年度业绩