2025-05-23 12:29Financial Performance - The company's profit was RMB 1,475 million[10], while the profit attributable to shareholders totaled RMB 906 million[10] - Property sales remained strong at RMB 11,695 million despite construction and handover delays[10], with contracted sales at RMB 272 billion[10] - Total rental income decreased mildly by 4%[10], reflecting tenant support, amounting to RMB 2,070 million[10] - Revenue dropped by 11% mainly due to the COVID-19 outbreak and subsequent lockdowns, reaching RMB 15,565 million[24] Financial Position - Net gearing ratio stayed at a healthy level of 45%[10, 31] - Cash and bank deposits stood at RMB 13,368 million[10, 31] - A share buyback plan of up to HK$500 million was implemented, with 35 million shares bought back during the year[10] Sustainability - Achieved a 275% decrease in Scope 1 and 2 carbon emissions intensity, a 122% decrease in energy intensity, and a 25% decrease in water intensity compared to 2021 levels[20] - 95% of total commercial properties area are certified[21] Property Development - Recorded total subscribed sales of RMB 1,427 million as of December 31, 2022, to be recognized in the coming months[55] - New acquisition in Shanghai Yangpu Binjiang with a total consideration of RMB 2,376 million and the Group interest is 60%[69] Shui On Xintiandi (SXTD) - SXTD's revenue reached RMB 2,702 million[85], with an operating profit of RMB 1,452 million[85] and net assets of RMB 34,026 million[85] - Real Estate Asset Management managed a portfolio of AUM RMB 303 billion as of December 31, 2022, with fee income increasing 40% year-over-year[90]