香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 sunac 融創中國 SUNAC CHINA HOLDINGS LIMITED 融創中國控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：01918） 截至二零二二年十二月三十一日止年度之經審核業績公告 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 業績摘要 | | | 截至二零 ...

Financial Performance - The group's revenue was approximately RMB 48.54 billion, a decrease of about 49.3% compared to the same period last year[2]. - The group reported a gross loss of approximately RMB 6.06 billion, a decline of about 130.3% year-on-year[2]. - The loss attributable to the company's owners was approximately RMB 18.76 billion, a decrease of about 256.5% compared to the previous year[2]. - The core net loss was approximately RMB 11.06 billion, a decrease of about 184.1% year-on-year[2]. - The group reported a net operating loss of approximately RMB 16.58 billion for the period[5]. - The company reported a net loss of approximately RMB 20.35 billion for the six months ended June 30, 2022[16]. - The group reported a net loss of RMB 13.37 billion across its segments for the six months ended June 30, 2022[23]. - The company's total revenue, including joint ventures and associates, was approximately RMB 114.48 billion for the six months ended June 30, 2022, a decrease of approximately 37.6% from RMB 183.37 billion for the same period in 2021[56]. - The company's attributable net loss for the six months ended June 30, 2022, was RMB 18.76 billion, compared to a profit of RMB 11.99 billion for the same period in 2021[45]. - The group's operating loss for the six months ended June 30, 2022, was approximately RMB 165.8 billion, a decrease of about RMB 311.3 billion from an operating profit of RMB 145.5 billion in the same period of 2021[64]. Assets and Liabilities - The group's total assets amounted to RMB 1,143.13 billion as of June 30, 2022, down from RMB 1,176.55 billion at the end of 2021[8]. - The equity attributable to the company's owners was RMB 106.03 billion, down from RMB 124.67 billion at the end of 2021[9]. - The total liabilities amounted to RMB 1,037.10 billion, while total equity and liabilities were RMB 1,143.13 billion as of June 30, 2022[16]. - The total borrowings as of June 30, 2022, were approximately RMB 259.87 billion for current borrowings and RMB 36.47 billion for non-current borrowings[16]. - The company's cash balance, including cash and cash equivalents and restricted cash, was approximately RMB 48.96 billion as of June 30, 2022[16]. - The total borrowings of the group as of June 30, 2022, amounted to approximately RMB 296.34 billion, a decrease from approximately RMB 321.71 billion as of December 31, 2021[70]. - The company's non-current borrowings from banks and other institutions decreased to RMB 201,307,358 thousand as of June 30, 2022, down from RMB 224,968,774 thousand at the end of 2021, representing a decline of about 10.5%[38]. - The guarantees provided by the group for buyers' mortgage loans amounted to approximately RMB 98.88 billion as of June 30, 2022, down from approximately RMB 156.72 billion as of December 31, 2021[75]. Cash Flow and Financing - The net cash inflow from operating activities was approximately RMB 20.27 billion, while the net cash outflow from financing activities was approximately RMB 26.29 billion[69]. - The company has successfully completed a bond restructuring plan for RMB 14.12 billion principal and interest, extending the repayment period by 3 to 4 years[17]. - The company has achieved loan extensions totaling approximately RMB 18.17 billion with domestic lenders[17]. - The company is actively seeking new financing through various channels, including asset management companies and financial institutions[17]. - The company raised approximately HKD 4.52 billion (around USD 580 million) through a share placement and subscription agreement, with 50% allocated for general operating funds and 50% for loan repayment[85]. Operational Challenges - The company faced unprecedented operational pressure due to a significant sales decline starting in March 2022, leading to liquidity challenges despite efforts to stabilize cash flow[77]. - The company has received a winding-up petition related to unpaid senior notes amounting to USD 22 million, with a court hearing scheduled for June 14, 2023[49]. - The company is actively seeking legal measures to oppose the winding-up petition and is taking necessary actions to protect its legal rights[49]. - The company faces significant uncertainties regarding its ability to continue as a going concern due to various factors, including outstanding debts and ongoing litigation[52]. Property Development and Sales - The group's contracted sales amount to approximately RMB 112.82 billion for the six months ended June 30, 2022[2]. - Property sales revenue for the six months ended June 30, 2022, decreased by approximately RMB 460.6 billion (about 52.6%) compared to the same period in 2021, with total delivered area down by 4.095 million square meters (about 52.4%) due to the downturn in the real estate industry and COVID-19 impacts[57]. - The group's sales cost for the six months ended June 30, 2022, was approximately RMB 546.1 billion, a decrease of about RMB 212.3 billion (about 28.0%) from RMB 758.4 billion in the same period of 2021, primarily due to reduced property delivery area[58]. - The company has made efforts to ensure the delivery of properties, completing approximately 90,000 housing deliveries across 59 cities in the first half of 2022[79]. - The company aims to leverage government policies to support the recovery of the real estate market, expecting gradual improvement in sales in the second half of 2023[79]. Corporate Governance and Compliance - The company has adopted the corporate governance code and has complied with all applicable provisions during the reporting period[90]. - The audit committee consists of four independent non-executive directors, with Mr. Pan Zhaoguo as the chairman, who has professional accounting qualifications[91]. - The audit committee reviewed the accounting principles and practices adopted by the company and discussed matters related to audit, internal control, and risk management systems[92]. - The independent auditor has reviewed the company's unaudited interim results for the six months ended June 30, 2022[93]. Market Position and Strategy - The group is focused on the completion and delivery of property projects in response to government calls, ensuring stable and sustainable operations[18]. - The group maintains a diverse customer base, with no single customer contributing 10% or more to total revenue[22]. - The property management segment, under Sunac Services Holdings Limited, showed stable growth with an increasing management scale and high-quality market expansion[79]. - The company is actively collaborating with asset management companies, successfully launching projects with a cooperation scale exceeding RMB 20 billion[77].

Financial Performance - Total revenue for 2021 was RMB 1,983.9 million, a decrease from RMB 2,305.9 million in 2020, representing a decline of approximately 14.0%[11] - The Group reported a gross loss of RMB 17.9 million for 2021, compared to a gross profit of RMB 484.0 million in 2020[11] - The net loss attributable to the owners of the Company for 2021 was RMB 420.0 million, compared to a profit of RMB 395.5 million in 2020[11] - The group's total revenue for the year ended December 31, 2021, was approximately RMB 198.39 billion, a decrease of about 14.0% from RMB 230.59 billion for the year ended December 31, 2020[20] - The group's property sales revenue decreased by approximately RMB 40.0 billion (about 18.3%) for the year ended December 31, 2021, compared to the previous year, with total delivered area down by approximately 2.035 million square meters (about 11.2%) due to a challenging real estate environment[21] - The group recorded a gross loss of approximately RMB 1.79 billion for the year ended December 31, 2021, a decrease of approximately RMB 501.9 billion compared to a gross profit of RMB 48.4 billion for the year ended December 31, 2020, resulting in a gross margin of -0.9%[23] - The group's operating loss for the year ended December 31, 2021, was approximately RMB 46.10 billion, a decrease of approximately RMB 95.34 billion from an operating profit of RMB 49.24 billion for the year ended December 31, 2020[28] - The company reported a significant increase in revenue, achieving a total of 18 billion in 2021, representing a year-on-year growth of 15%[46] - The company reported a significant increase in revenue, achieving a total of 20 billion RMB for the fiscal year, representing a 15% year-over-year growth[51] Assets and Liabilities - Total assets increased to RMB 11,765.5 million in 2021 from RMB 11,084.0 million in 2020, reflecting a growth of approximately 6.1%[12] - Total liabilities rose to RMB 10,518.8 million in 2021, up from RMB 9,305.7 million in 2020, indicating an increase of about 13.0%[12] - The total equity attributable to the owners of the Company decreased to RMB 1,246.7 million in 2021 from RMB 1,778.3 million in 2020, a decline of approximately 30.0%[12] - The company’s total borrowings increased to approximately RMB 321.71 billion as of December 31, 2021, compared to RMB 303.44 billion in 2020[34] - The capital-to-debt ratio rose to approximately 67.0% in 2021 from about 49.1% in 2020[35] - The group had total borrowings of RMB 2,351.5 billion (current) and RMB 865.6 billion (non-current) as of December 31, 2021[173] Cash Flow and Liquidity - Cash and cash equivalents, including restricted cash, were RMB 692.0 million at the end of 2021, down from RMB 1,326.5 million in 2020[11] - The net cash outflow from operating activities was approximately RMB 40.05 billion, while investment activities had a cash outflow of about RMB 32.87 billion in 2021[33] - The cash balance, including cash and cash equivalents and restricted cash, was RMB 69.2 billion[173] - The company is actively addressing liquidity pressures and has appointed financial advisors for both domestic and overseas debt restructuring efforts[18] - The company is implementing a debt restructuring plan to improve liquidity and financial condition[173] - The company has reached debt extension agreements totaling approximately RMB 4.97 billion with overseas creditors and RMB 25.96 billion with domestic lenders, indicating proactive debt management strategies[191] Land Reserves and Development - The company added approximately 17.74 million square meters of land reserves in 2021, with an estimated value of RMB 194.4 billion, bringing total land reserves to approximately 160 million square meters valued at about RMB 1.77 trillion[15] - The total land reserve area of the group, including joint ventures and associates, was approximately 254 million square meters, with equity land reserves of about 160 million square meters as of December 31, 2021[42] - The group has developed a total of 955 property projects as of December 31, 2021, indicating a robust project pipeline[42] - The group’s land reserve strategy indicates a focus on expanding its footprint in key urban areas across China, enhancing its market presence[42] Strategic Initiatives and Future Outlook - The Company is committed to enhancing its core business in real estate while expanding into services, culture, and tourism sectors[2] - The Group aims to leverage its high-quality land bank and product development capabilities for future growth and market expansion[4] - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[46] - The company has set a future outlook with a revenue target of 22 billion for 2022, indicating a projected growth of 22%[48] - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's market position and increase revenue by 5 billion[47] Corporate Governance and Compliance - The company has a strong focus on corporate governance, emphasizing transparency and accountability to deliver long-term value to shareholders[57] - The company adopted the corporate governance code and has complied with all applicable provisions during the reporting period, ensuring high standards of governance[59] - The board consists of eight executive directors and four independent non-executive directors, ensuring compliance with listing rules regarding board composition[63] - The company emphasizes ongoing training and professional development for its directors to maintain effective governance practices[60] - The company has established internal reporting systems to monitor operational and business development, ensuring effective oversight[59] Risk Management - The company has a dedicated focus on risk management and has implemented rigorous controls to mitigate potential risks[57] - The company is committed to timely and accurate disclosure of information to shareholders and stakeholders, ensuring informed decision-making[92] - The company is closely monitoring the regulatory environment in China to mitigate risks associated with contractual arrangements[124] Employee and Community Engagement - The group had a total of 72,147 employees as of December 31, 2021, with employee costs amounting to approximately RMB 12.65 billion, a decrease from RMB 13.98 billion in 2020[167] - The company emphasizes a fair and safe working environment, promoting diversity and providing competitive compensation and development opportunities[167] - The group has established procedures for handling customer complaints to ensure prompt resolution[166] Environmental and Sustainability Initiatives - The management team has emphasized a commitment to sustainability, aiming for a 50% reduction in carbon emissions by 2030[49] - The group is committed to environmental protection, adhering to national and local regulations, and has updated its internal management systems according to GRI standards[165] - The company is continuously reviewing its environmental practices and considering further sustainable measures in its operations[165]