Financial Performance - Revenue for the year ended December 31, 2022, was RMB 591,783,000, a decrease of 32.1% compared to RMB 871,066,000 in 2021[2] - Gross loss for the year was RMB (461,640,000), compared to a gross loss of RMB (302,815,000) in the previous year, representing an increase of 52.4%[2] - Loss attributable to equity holders of the parent company for the year was RMB (432,523,000), up 46.6% from RMB (295,136,000) in 2021[2] - Basic and diluted loss per share for the year was RMB (21.5 cents), compared to RMB (14.7 cents) in 2021[2] - The company reported a total comprehensive loss for the year of RMB (461,640,000), compared to RMB (302,815,000) in the previous year[8] - The company reported a pre-tax loss of RMB 477,514 thousand for the year ended December 31, 2022, compared to a pre-tax loss of RMB 277,024 thousand in 2021[38] - The company reported a total tax expense of RMB (15,874,000) for 2022, compared to RMB 25,791,000 in 2021[64] - The company incurred impairment losses recognized in the income statement amounting to RMB 47,661 thousand for the year ended December 31, 2022[38] - The company recognized a loss of RMB 23,683,000 from the sale of investment properties in 2022, compared to a loss of RMB 3,977,000 in 2021[58] - The company incurred a total of RMB 83,522,000 in other expenses in 2022, a decrease from RMB 151,826,000 in 2021[48] Assets and Liabilities - Total assets as of December 31, 2022, were RMB 15,179,776,000, a decrease of 2.1% from RMB 15,504,840,000 in 2021[2] - Net assets as of December 31, 2022, were RMB 5,307,909,000, down 7.4% from RMB 5,733,595,000 in 2021[2] - The group's net current liabilities as of December 31, 2022, were approximately RMB (439,574,000)[14] - Total liabilities increased to RMB 9,871,867 thousand in 2022 from RMB 9,771,245 thousand in 2021[38] - Non-current liabilities decreased from RMB 4,111,796,000 in 2021 to RMB 3,643,501,000 in 2022, representing a reduction of approximately 11.4%[21] - Interest-bearing bank and other borrowings decreased from RMB 3,107,940,000 in 2021 to RMB 2,689,041,000 in 2022, a decline of about 13.5%[21] - The group's bank borrowings and other borrowings amounted to approximately RMB 4,008,479,000 as of December 31, 2022, down from RMB 4,635,250,000 as of December 31, 2021[113] - The group had contingent liabilities of approximately RMB 406,830,000 as of December 31, 2022, compared to RMB 316,410,000 in 2021, mainly related to guarantees provided for mortgage loans to property buyers[121] Revenue Breakdown - Revenue from commercial property development was RMB 137,416 thousand, while hotel operations generated RMB 221,657 thousand, and other services contributed RMB 131,182 thousand[40] - Revenue from external customers in mainland China was RMB 543,767 thousand in 2022, down from RMB 836,569 thousand in 2021, indicating a decline of approximately 35%[43] - The company reported a total of RMB 490,255 thousand in customer contract revenue for 2022, down from RMB 748,784 thousand in 2021[46] - Property sales contributed RMB 410,180,000 to total revenue, while hotel operations generated RMB 173,177,000 and other services accounted for RMB 165,427,000[47] - Hotel operations recorded revenue of approximately RMB 221.7 million, an increase of 28.0% from RMB 173.2 million in 2021, with an occupancy rate of about 56%[96] - Total rental income for the year was approximately RMB 101.5 million, a decrease of about RMB 20.8 million from RMB 122.3 million in 2021, with an average occupancy rate of approximately 86%[97] Operational Highlights - The company operates four reportable segments: commercial property development, property leasing, hotel operations, and other businesses[32] - The company completed the sale of its property management business for a total consideration of RMB 104,650,000 (approximately HKD 125,580,000) in April 2021[32] - The group's total land reserve for development and/or sale was approximately 3,947,292 square meters as of December 31, 2022[98] - The confirmed sales amount for properties sold and delivered for the year ended December 31, 2022, was approximately RMB 137.4 million, a decrease of 66.5% compared to RMB 410.2 million in 2021[92] - The total contracted sales area for the year was approximately 92,353 square meters, with contracted sales revenue of approximately RMB 1,517.4 million, down from RMB 2,650.8 million in 2021[95] Governance and Compliance - The financial statements are prepared in accordance with International Financial Reporting Standards, ensuring compliance with relevant accounting policies[24] - The company has adopted revised International Financial Reporting Standards for the first time in the current financial year, with no significant financial impact identified[28] - The company is evaluating the impact of newly issued and revised International Financial Reporting Standards, with no major effects anticipated on its financial performance and position[30] - The company will hold its Annual General Meeting on June 8, 2023, with the notice published on its website and the Stock Exchange's website[131] - The financial figures for the year ended December 31, 2022, have been agreed upon by the auditor, Ernst & Young, and are consistent with the consolidated financial statements[132] - The Audit Committee, composed entirely of independent non-executive directors, has reviewed the annual results and discussed accounting standards and internal controls with management[133] - The board has adopted the Corporate Governance Code and has confirmed compliance with its provisions throughout the year[137] Staffing and Future Plans - The group employed 1,332 staff as of December 31, 2022, down from 1,630 in 2021[123] - The group plans to focus on identifying acquisition projects with future development and profitability potential to enhance asset returns[124] - The company anticipates the completion of a major project in Hangzhou in 2023, which includes various residential and commercial units[82]
中国新城市(01321) - 2022 - 年度业绩