On March 16, Beijing North Star Company Limited(601588) (hereinafter referred to as ” Beijing North Star Company Limited(601588) “) released the performance report for 2021, which said that the operating revenue was about 22.094 billion yuan, a year-on-year increase of 22.77%; The total profit was about 565 million yuan, a year-on-year decrease of 51.27%; The net profit attributable to the parent company was about 203 million yuan, a year-on-year decrease of 25.21%.
For the change of operating income, Beijing North Star Company Limited(601588) said that it was mainly due to the increase of the company’s development property’s settleable area and the increase of carry forward income in 2021.
In terms of sales, in 2021, Beijing North Star Company Limited(601588) development property achieved a contract sales amount of about 16.7 billion yuan (including parking spaces), with a sales area of about 950000 square meters, an increase of about 37% year-on-year.
In terms of capital and liabilities, in 2021, the net cash flow from Beijing North Star Company Limited(601588) operating activities was 6.938 billion yuan, an increase of 6.686 billion yuan year-on-year. By the end of 2021, Beijing North Star Company Limited(601588) had total assets of 79.705 billion yuan, a year-on-year decrease of 7.8%; Total liabilities amounted to 60.396 billion yuan, a year-on-year decrease of 9.47%.
In terms of land acquisition, in 2021, Beijing North Star Company Limited(601588) total land reserve was 5.8572 million square meters, a year-on-year decrease of 17%; The equity land reserve was 5.195 million square meters, a year-on-year decrease of 17.2%; The new real estate reserve was 104100 square meters, a year-on-year decrease of 17.2%.
It is worth mentioning that Beijing North Star Company Limited(601588) disclosed in the report that in 2022, the company will strive to achieve a sales area of 870000 square meters and a signed contract amount (including parking spaces) of 17 billion yuan.
