Nanshan Holdings(SZ:002314)2022-11-19 03:38Group 1: REITs Development - The company actively promotes public REITs and has successfully issued REITs in 2020, showcasing the market's recognition of its logistics assets [1] - The company aims to implement a "募投建管退" business model, focusing on asset turnover and sustainable investment [1][2] - Most of the company's assets meet the quality requirements for public REITs, with a net cash distribution rate expected to be no less than 4% over the next three years [2] Group 2: Business Strategy and Development - The company prioritizes its logistics business as a strategic focus, while real estate development serves as a supporting mainstay [3] - The company has acquired 21 plots of land in 2021, totaling 1.113 million square meters, ensuring a solid land reserve for future development [4] - The company plans to maintain a steady growth rate in logistics park projects, focusing on high-quality land in key regions [3] Group 3: Financial Performance and Market Conditions - The average utilization rate of high-standard warehouses has reached 94.5%, with a projected annual price increase of 3-5% [3] - The company anticipates stable growth in logistics park area to be operational in the coming years, with over 3 million square meters of projects under construction as of the end of 2021 [3] - The real estate development business has faced challenges due to macroeconomic conditions and the pandemic, but the company is implementing measures to mitigate these impacts [4][5] Group 4: Future Opportunities and Challenges - The company is cautious about aggressive land acquisition during industry downturns, focusing on strategic stability [5] - The company is exploring distributed photovoltaic business opportunities, aiming for project implementation within the year [4] - The company maintains a diversified incentive plan for employees, linking performance to company results [5]