Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 24,425,350 thousand, a decrease of 8.8% from RMB 26,781,555 thousand in 2021[12]. - Net profit attributable to the owners of the company for 2022 was RMB 704,777 thousand, down 10.6% from RMB 788,477 thousand in 2021[18]. - Basic earnings per share for 2022 was RMB 1.30, compared to RMB 1.40 in 2021, reflecting a decrease of 7.1%[32]. - Total comprehensive income for the year was RMB 698,946 thousand, down 29.5% from RMB 991,640 thousand in 2021[4]. - Operating profit for 2022 was RMB 1,079,165, down 20% from RMB 1,345,859 in 2021[59]. - The consolidated gross profit for the year was RMB 1,799,828,000, down from RMB 2,145,995,000 in the previous year[147]. - Profit before income tax was RMB 1,158,547,000, compared to RMB 1,292,292,000 in 2021, indicating a decrease of approximately 10%[148]. Revenue Breakdown - Construction segment revenue was RMB 17,294,507, accounting for 71% of total revenue, down 20% from RMB 21,640,032 in 2021[59]. - Real estate development revenue was RMB 2,320,351, representing 10% of total revenue, an increase of 89% from RMB 2,365,738 in 2021[59]. - The group's real estate development business achieved contract sales of approximately RMB 2.88 billion for the year ended December 31, 2022, a decrease from RMB 5.15 billion in 2021, with a total sales area of approximately 234,706 square meters[87]. Costs and Expenses - The company reported a decrease in sales and promotion costs to RMB 143,044 thousand in 2022 from RMB 191,512 thousand in 2021, a reduction of 25.3%[2]. - Financial and contract asset impairment losses increased to RMB 163,815 thousand in 2022 from RMB 127,560 thousand in 2021, an increase of 28.4%[2]. - The group recognized corporate income tax expenses of RMB 231,118,000 and land appreciation tax of RMB 206,024,000, with total tax expenses increasing by approximately RMB 30,225,000 year-on-year[107]. Assets and Liabilities - Total liabilities decreased to RMB 36,965,889 from RMB 37,566,498 in the previous year[40]. - Total equity increased to RMB 11,854,595 from RMB 11,349,173 in the previous year[40]. - The total assets as of December 31, 2022, amounted to RMB 48,820,484, slightly down from RMB 48,915,671 in 2021, reflecting a decrease of approximately 0.2%[164]. - The company's total liabilities decreased from RMB 1,587,711 thousand in 2021 to RMB 1,257,902 thousand in 2022, reflecting a reduction of approximately 20.8%[184]. Cash Flow - The group's cash outflow from financing activities for the year was RMB 1,802,707,000, an increase of RMB 824,988,000 compared to the previous year's net cash outflow of RMB 977,719,000[79]. - The net cash inflow from operating activities was approximately RMB 1,303,545,000, a decrease of RMB 41,456,000 compared to RMB 1,345,001,000 in the previous year[104]. - Cash inflow from investment activities increased to RMB 410,581,000 in 2022 from RMB 188,779,000 in 2021[124]. - The group experienced a cash and cash equivalents decrease of RMB 88,581,000 in 2022, compared to an increase of RMB 556,061,000 in the previous year[124]. Investments and Projects - The group has initiated sales for several new projects, including the Xishan Yuyuan and Baoye Qingchunli projects, with significant land acquisition costs reported[65][66]. - The group holds a 60% stake in the Xia Lu project, which has a total transaction value of RMB 511,036,354 and a land area of 262,862 square meters, with delivery expected in 2023[89]. - The company acquired land use rights for the Qinglan Green Garden project for a total price of RMB 565,000,000, with a 51% equity interest[144]. - The group has acquired multiple land use rights through judicial auctions, indicating a strategic approach to land acquisition and project development[90][91][92]. Employee and Corporate Governance - As of December 31, 2022, the group employed 6,560 employees, a decrease from 6,629 employees in 2021, with indirect construction personnel totaling approximately 67,896[134]. - Employee welfare expenses for the year reached RMB 4,705,754,000, which includes salaries, benefits, and other expenditures[134]. - The company has not engaged in any related party transactions that require disclosure under listing rules in 2022[131]. Strategic Focus - The group plans to enhance operational efficiency and optimize asset allocation in response to market adjustments and opportunities[75]. - The group is focusing on high-quality development and aims to improve product structure and operational efficiency through its "Baoye Century House" system[75]. - The group plans to continue focusing on industrialized construction as a key strategy for future development, emphasizing prefabricated concrete structures and addressing industry pain points[100].
宝业集团(02355) - 2022 - 年度业绩