Securities code: 600606 stock abbreviation: Greenland Holdings Corporation Limited(600606) No.: pro 2022-010
Greenland Holdings Corporation Limited(600606)
Announcement of 2021 annual performance express
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. The main financial data of 2021 contained in this announcement are preliminary accounting data, which have not been audited by an accounting firm. The specific data shall be subject to the data disclosed in the company’s 2021 annual report, and investors are reminded of investment risks.
1、 Main financial data and indicators in 2021
Unit: 10000 yuan
Increase / decrease range of the project in the same period of last year in the reporting period (%)
Total operating income 53493344.95 45606199.36 17.29
Operating profit 2188586.99 3163609.66 -30.82
Total profit 2076749.07 3068978.61 -32.33
Net profit attributable to shareholders of listed company 764920.78 1499777.44 -49.00
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of 708440.18 1436165.74 -50.67
Basic earnings per share (yuan) 0.60 1.17 -48.72
Weighted average return on net assets (%) 8.58 18.57, down 9.99 percentage points
Increase or decrease at the end of the reporting period and the end of the previous year (%)
Total assets 129793036.68 139733628.64 -7.11
Owner’s equity attributable to shareholders of listed companies 9129678.78 8477640.08 7.69
Share capital (10000 shares) 1277656.21 1216815.44 5.00
Net assets per share attributable to shareholders of listed companies: 7.15 6.64 7.68 yuan
Note: in July 2021, the company implemented the profit distribution plan for 2020, and the total share capital was changed from 12168154385 shares to 12776562104 shares. In the above table, the basic earnings per share in the same period of last year and the net assets per share attributable to the shareholders of the listed company at the end of last year have been restated according to the latest share capital.
2、 Description of operating performance and financial status
2021 is an extraordinary year. Under the impact of the epidemic in the century, the changes in the century have accelerated, and China’s economic development is facing triple pressures of shrinking demand, supply shock and weakening expectation; Real estate regulation continued to be strict and tight, liquidity contracted sharply, and the industry was baptized by the cold winter. In the face of this special background, under the strong leadership and strong support of the Shanghai municipal Party committee, the municipal government and the municipal SASAC, the company overcame difficulties, forged ahead, and achieved a “three stability, one reduction and one excellence” situation of stable development, stable expectations, stable people’s hearts, reduced liabilities and excellent structure.
In 2021, the company’s interest bearing liabilities decreased by 85.8 billion yuan, and the balance of interest bearing liabilities decreased to 236 billion yuan at the end of the year. Through efforts, the “two red lines” of cash short debt ratio and net debt ratio have successively reached the standard and turned green, faster than the regulatory requirements. On the premise of significantly reducing liabilities, the company orderly promoted the operation of major industries such as real estate, infrastructure and finance, and maintained stable development on the whole. Among them, with cash flow as the core, the real estate industry has paid close attention to the “three key battles” of sales decontamination, cash return and completion delivery, with a contract sales amount of 290.2 billion yuan, a collection of 277.2 billion yuan, a delivery area of 27.23 million square meters and a carry over income of 208.4 billion yuan. The infrastructure industry actively promoted the transformation and upgrading, with steady growth in business performance and improvement in quality. The operating revenue was 284.4 billion yuan, a year-on-year increase of 22%, and the newly signed contracts were 715.5 billion yuan, a year-on-year increase of 17%. It successfully ranked ninth among the “Top 250 ENR Global contractors” during the year. The financial industry actively promoted the operation of basic business, Greenland digital successfully introduced strategic investors, and achieved phased results in digital transformation.
The severe external environment in 2021 also objectively has a great impact on the company’s operation, especially on the company’s profits at different levels. Including: in the face of the rapidly declining real estate market, in order to speed up the de commercialization of sales and promote the return of funds, the gross profit margin of the company’s real estate carry forward projects decreased by about 4 percentage points year-on-year, and it is planned to withdraw an impairment of about 2.9 billion yuan; Affected by the unbalanced time point of project carrying forward, the investment income contributed by associates and joint ventures decreased by about 2.3 billion yuan year-on-year. In addition, due to the overall downward trend of the stock market and other factors, the company’s financial industry investment business decreased by about 3 billion yuan year-on-year.
3、 Risk tips
The company has no major uncertain factors affecting the accuracy of this performance express. However, the main financial data of 2021 contained in this announcement are preliminary accounting data, which may be different from the data disclosed in the 2021 annual report. Investors are reminded to pay attention to investment risks.
4、 Documents for future reference
The comparative balance sheet and income statement signed and sealed by Mr. Zhang Yuliang, the current legal representative of the company, Ms. Zhang Yun, the person in charge of accounting and Mr. Wu zhengkui, the person in charge of accounting organization.
It is hereby announced.
Greenland Holdings Corporation Limited(600606) board of directors
January 29, 2022
