Financial Performance - The company reported a revenue of RMB 3,302,422 thousand for the year ended December 31, 2023, representing an increase from RMB 2,655,992 thousand in 2022, which is a growth of approximately 24.3%[16] - The pre-tax profit for 2023 was RMB 1,177,408 thousand, up from RMB 924,601 thousand in 2022, indicating a growth of about 27.4%[16] - The profit attributable to equity holders of the parent company was RMB 973,607 thousand for 2023, compared to RMB 744,544 thousand in 2022, which is an increase of approximately 30.8%[16] - In 2023, the company achieved a net profit growth of over 30%, maintaining a dividend policy of 80% plus a special dividend of 20%[20] - The net profit for the period was RMB 980.7 million, a 33.4% increase from RMB 735.4 million in 2022, with profit attributable to shareholders rising by 30.8% to RMB 973.6 million[48] - Total revenue for the year ended December 31, 2023, was RMB 3,302,422 thousand, an increase from RMB 2,655,992 thousand in 2022, representing a growth of approximately 24.3%[189] - Gross profit for the same period was RMB 1,722,302 thousand, compared to RMB 1,388,607 thousand in 2022, reflecting a year-over-year increase of about 24.0%[189] - The total comprehensive income for the year was RMB 972,593 thousand, compared to RMB 710,381 thousand in 2022, which is an increase of around 37.0%[189] Assets and Liabilities - The net assets of the company reached RMB 4,133,606 thousand as of December 31, 2023, compared to RMB 3,873,028 thousand in 2022, reflecting an increase of approximately 6.7%[16] - The total assets of the company increased to RMB 6,732,651 thousand in 2023 from RMB 6,161,319 thousand in 2022, marking a growth of around 9.3%[16] - The total liabilities of the company stood at RMB 2,599,045 thousand in 2023, up from RMB 2,288,291 thousand in 2022, representing an increase of about 13.6%[16] - Trade and other payables increased by 7.2% to RMB 1,257.2 million from RMB 1,173.3 million at the end of 2022, mainly due to increased amounts payable for collections and employee compensation[55] - Contract assets increased by 55.2% to RMB 890.6 million from RMB 573.9 million at the end of 2022, reflecting the company's expanded operational scale[50] Market Presence and Operations - The company has established a presence in 122 major cities across 29 provinces, municipalities, and autonomous regions in China as of December 31, 2023[7] - The company maintained a market share of over 20% in the construction agency industry for eight consecutive years[29] - The total contracted construction area reached 119.55 million square meters, with an area under construction of 52.52 million square meters, and 16.07 million square meters completed in 2023[20] - The company expanded its business presence to 122 major cities across 29 provinces, municipalities, and autonomous regions in China[29] Corporate Governance - The board consists of 8 members, including 3 executive directors, 2 non-executive directors, and 3 independent non-executive directors[142] - The company has complied with the corporate governance code during the reporting period, ensuring transparency and accountability to shareholders[140] - The roles of the chairman and CEO are clearly separated to delineate responsibilities between the board and management[143] - Independent non-executive directors account for one-third of the board, ensuring a balance of perspectives[146] - The company has established mechanisms to ensure the board receives independent views and opinions[146] Employee and Management - As of December 31, 2023, the company had a total of 2,056 employees, with a 34.47% increase compared to December 31, 2022, primarily due to organizational restructuring and the integration of 387 employees from Zhejiang Greentown Era[131] - The company aims to enhance gender diversity in senior management and board positions through comprehensive training for female employees[163] - The company has integrated 387 employees and 49 projects from Zhejiang Greentown Era into its direct management system, contributing to the increase in employee numbers[164] Financial Management - The group reported no significant borrowings during the reporting period, indicating a strong financial position[58] - The group’s cash flow is robust, providing strong support for future development[57] - The company reported a net cash flow from operating activities of RMB 955.1 million, indicating strong cash flow and no bank debt[27] - The company’s financing activities resulted in a net cash outflow of RMB (766,008,000), compared to RMB (400,403,000) in the previous year, indicating increased financing activities[199] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[188] - The company anticipates that the medium-term development scale of the Chinese real estate market will remain around 1 billion square meters annually, with a projected penetration rate of over 30% for the construction industry[35] Awards and Recognition - The company received nearly 30 industry awards in 2023, reinforcing its brand reputation and market value[20] - The company has been recognized as a leading enterprise in the real estate agency operation sector in China for six consecutive years from 2017 to 2023[7]
绿城管理控股(09979) - 2023 - 年度财报