Financial Performance - The group's gross profit for 2022 was approximately RMB 2.2883 billion, a decrease of 53.8% compared to RMB 4.9499 billion in 2021, primarily due to a decline in gross margin from 30.2% in 2021 to 21.7% in 2022[7]. - Revenue for 2022 decreased to RMB 10.5684 billion from RMB 16.4164 billion in 2021, reflecting a reduction of approximately 35.5%[7]. - The group's consolidated revenue for 2022 was approximately RMB 10.568 billion, a decrease of 35.6% compared to RMB 16.416 billion in 2021[43]. - The consolidated annual profit attributable to equity holders was approximately RMB 18.625 million, down 99.1% from RMB 1.996 billion in 2021[43]. - Basic and diluted earnings per share for 2022 were RMB 0.8, a decrease of 97.4% from RMB 30.9 in 2021[43]. - The total comprehensive income for the year was RMB 18.625 million, compared to RMB 1.997 billion in 2021[45]. - The group’s annual profit decreased by 99.1% from approximately RMB 1,996.9 million in 2021 to about RMB 18.6 million in 2022, primarily due to a 35.6% decrease in revenue and a decline in gross margin from 30.2% in 2021 to 21.7% in 2022[191]. - The net profit attributable to equity holders for 2022 was approximately RMB 48.0 million, down 97.5% from RMB 1.882 billion in 2021[131]. Costs and Expenses - The group's cost of sales for 2022 was approximately RMB 8.2801 billion, down 27.8% from RMB 11.4665 billion in 2021, aligning with the decrease in revenue[8]. - General and administrative expenses for 2022 were approximately RMB 757.5 million, an increase of 0.8% from RMB 751.5 million in 2021[10]. - Employee costs, including director remuneration, were RMB 303.7 million in 2022, down 30.2% from RMB 434.9 million in 2021[119]. - The total sales cost for 2022 was approximately RMB 8,280.1 million, a decrease of 27.8% compared to RMB 11,466.5 million in 2021, reflecting the reduction in revenue[192]. Assets and Liabilities - The total liabilities as of December 31, 2022, were RMB 51.571 billion, a decrease from RMB 54.287 billion in 2021[50]. - The net assets of the group were RMB 19.616 billion, compared to RMB 19.459 billion in 2021[50]. - Total assets as of December 31, 2022, were RMB 70,132,967, compared to RMB 66,245,624 in 2021, showing an increase of about 8.9%[76]. - The company’s total liabilities reached RMB 51,571,020, up from RMB 42,533,907 in the previous year, indicating a rise of approximately 21.5%[76]. - The group had a net cash position of RMB 329 million at the end of 2022[159]. Revenue Sources and Segments - The group’s revenue is solely derived from its operations in China, with no significant non-current assets located outside of China[74]. - The company operates in the hotel and property development sectors, with the hotel segment generating inter-segment revenue[58][73]. - The revenue from property management fees was RMB 174,464, an increase from RMB 154,130 in 2021, reflecting a growth of about 13.3%[79]. - The property investment and management segment's revenue increased by 18.7% in 2022, primarily due to annual rent reviews[182]. Market and Future Outlook - The group is expected to complete several properties in 2023, contributing to future revenue growth[3]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming year[76]. - The company anticipates facing severe challenges in the real estate industry in the coming year due to global monetary uncertainties[158]. - The company is focusing on market expansion and new strategies to adapt to the changing economic environment[188]. Property Development and Sales - The total delivered construction area in 2022 was approximately 1,596,424.5 square meters, a decrease of 23.6% from 2,088,938 square meters in 2021, attributed to reduced property deliveries in Nanjing, Taizhou, Jinzhai, and Changsha[193]. - The average selling price of delivered properties was RMB 5,948.2 per square meter in 2022, a decrease of 19.1% from RMB 7,354.3 per square meter in 2021[164]. - The group recorded a contract sales amount of approximately RMB 7.6924 billion, with a total construction area of 1,087,670.8 square meters in the review year, compared to RMB 10.453 billion and 1,364,786 square meters in 2021, representing a decrease of 26.8% in sales revenue[196]. - The total presale area attributable to the group is 1,352,877 square meters, with significant projects including Changsha Mingfa Commercial Plaza (77,159 square meters) and Xuzhou Taoyuan Mingzhu (124,019 square meters)[197]. Construction Projects - The company has a residential project under construction, expected to be completed by December 2023, with 90% of the construction finished, covering an area of 5,788 square meters[200]. - A commercial/office project is also under construction, expected to be completed by December 2023, with 90% of the construction finished, covering an area of 56,258 square meters[200]. - The company has a residential/commercial project in Guang'an, Sichuan, with 75% of the construction completed, expected to be finished by December 2023, covering an area of 187,716 square meters[200].
明发集团(00846) - 2022 - 年度业绩