Financial Performance - For the year ended December 31, 2023, the contract sales amount reached RMB 7,922.2 million[4]. - The total revenue for the year ended December 31, 2023, was RMB 18,493.5 million, an increase from RMB 13,978.8 million in 2022[6]. - The gross profit for the year ended December 31, 2023, was RMB 1,765.8 million, compared to a gross loss of RMB 1,999.6 million in 2022[6]. - The loss attributable to owners of the company for the year ended December 31, 2023, was RMB 1,319.1 million, a significant improvement from RMB 4,149.9 million in 2022[6]. - The company reported a basic and diluted loss per share of RMB 1.28 for the year ended December 31, 2023, compared to RMB 4.04 in 2022[6]. - The group recorded a net loss of RMB 985,538,000 for the year ended December 31, 2023[16]. - Total other income and gains for 2023 amounted to RMB 85,091,000, an increase of 4.8% compared to RMB 81,138,000 in 2022[45]. - The pre-tax loss from continuing operations for 2023 was RMB 105,333,000, a significant improvement from RMB 4,498,149,000 in 2022[53]. - The total tax expense for the year was RMB 880,205,000, an increase of 46.8% from RMB 599,733,000 in 2022[53]. - The company reported a basic loss per share of RMB (1,319,083,000) for 2023, compared to RMB (4,149,888,000) in 2022[60]. Assets and Liabilities - As of December 31, 2023, cash and bank balances amounted to RMB 2,006.6 million[4]. - The total current liabilities as of December 31, 2023, were RMB 28,809.3 million, down from RMB 43,490.5 million in 2022[11]. - The total assets less current liabilities amounted to RMB 5,237.5 million as of December 31, 2023[11]. - The net assets attributable to the owners of the parent company decreased to RMB 2,269.1 million from RMB 3,744.4 million in 2022[11]. - The total assets of the group as of December 31, 2023, amounted to RMB 34,046,771 thousand, a decrease from RMB 54,023,987 thousand in 2022[32][38]. - The total liabilities of the group as of December 31, 2023, were RMB 31,411,888 thousand, down from RMB 48,582,247 thousand in 2022[32][38]. - The total amount of taxes payable as of December 31, 2023, was RMB 2,094,888,000, an increase of 25.9% from RMB 1,663,925,000 in 2022[55]. - The total interest-bearing bank and other borrowings decreased to RMB 6,225,497 million in 2023 from RMB 8,213,106 million in 2022, a reduction of about 24.2%[66]. Cash Flow and Financing - The group is actively seeking new financing sources to ensure cash flow for ongoing projects[18]. - The ability to continue as a going concern depends on generating sufficient financing and operational cash flow[18]. - The group has not repaid principal amounts totaling RMB 860,104,000 for certain priority notes by their scheduled repayment dates[16]. - The board has implemented several plans to improve liquidity and financial condition, including appointing financial advisors for debt restructuring[17]. - The group plans to maintain sufficient cash flow through internal sales proceeds and adequate credit financing commitments to meet operational needs[140]. - The group has a projected completion area of 1,388,128 square meters in Mianyang, expected to be completed by January 2030[104]. Property Sales and Development - Property sales contributed RMB 18,315,910 thousand to the total revenue in 2023, compared to RMB 13,835,248 thousand in 2022, marking a growth of about 32.5%[36]. - The average contract selling price reached RMB 7,216.1 per square meter for the year ended December 31, 2023[4]. - The total area of confirmed property sales in 2023 was 2,528,305 square meters, compared to 1,780,708 square meters in 2022[82]. - The total land reserve of the group amounts to 9,887,906 square meters, including both completed and ongoing development projects[106]. - The group confirmed employee costs for the year ended December 31, 2023, were RMB 197.5 million, down 41.2% from RMB 335.8 million in 2022, indicating a significant reduction in workforce expenses[153]. Market Outlook and Strategy - The company anticipates 2024 to be a challenging year, emphasizing the need for sustained development opportunities[74]. - The group aims to accelerate property sales as part of its business strategy plan[17]. - The group must successfully implement its business strategy, including accelerating property sales and managing receivables, to improve its financial situation[168]. - The company is actively pursuing new strategies for market expansion through various residential and commercial projects in key urban areas[96]. Corporate Governance and Compliance - The group has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[161]. - There were no significant events after the balance sheet date up to the announcement date[155]. - The independent auditor, Ernst & Young, did not express an opinion on the consolidated financial statements due to uncertainties related to going concern[165].
领地控股(06999) - 2023 - 年度业绩