On March 24, China Enterprise Company Limited(600675) disclosed the annual report of 2021. In 2021, the company realized an operating revenue of 9.596 billion yuan and a net profit attributable to shareholders of listed companies of 805 million yuan.
2021 is the first year for China Enterprise Company Limited(600675) implementing the “14th five year plan” and the key year for deepening market-oriented reform and building core competitiveness. The company has gradually formed three development modes of “regional comprehensive development”, “industrial comprehensive operation” and “property comprehensive service”, focusing on the “five tracks” of real estate development, property, agriculture, assets and industry city integration, Committed to becoming an influential comprehensive development and operation enterprise of urban renewal in Shanghai.
five track enabling main businesses
During the reporting period, China Enterprise Company Limited(600675) fulfilled the fast development rhythm of “5869” and expanded sales channels by taking multiple measures at the same time. Remarkable results were achieved in de industrialization. The annual contract amount was 4.69 billion yuan and the gross profit margin of the real estate industry was 52.10%.
With the “urban renewal” officially written into the “14th five year plan” and the “annual work report of the government”, it means that urban renewal has gradually become an important starting point for all localities to optimize urban structure and improve urban quality China Enterprise Company Limited(600675) looking ahead to this future trend, through the primary and secondary linkage attempt, the fast forward key of Chinese enterprise city renewal is pressed with the plot project of Sanlin 9 unit. The project was granted the right of development, operation and management in October 2021 and started to lay the foundation in February 2022. It is the first operational project launched in the south area of Sanlin Binjiang, and it is also the largest urban renewal and development project in the history of the company. The successful implementation of Sanlin project is that China Enterprise Company Limited(600675) actively responds to the national call, actively integrates into the construction of urban renewal platform of real estate group, and actively explores and incubates the field of urban renewal.
In addition, in terms of property, through the organic integration of Gubei, Shencheng, Yide and Shangfang, the company gathers advantageous resources and strives to build a leading enterprise in Shanghai’s property industry and a brand enterprise of “Shanghai service”. In terms of agriculture, the company actively gives play to the synergy of its Xinhong agricultural company to build an urban catering and living service system with urban agricultural production processing marketing integrated industrial chain as the core competitiveness. In terms of asset operation, the company has built a unified asset management platform with separation of operation and management, and established a commercial operation Department, which is committed to realizing the substantive operation of control mode and business system, and steadily improving asset value and operating income. In terms of industry city integration, the company and real estate Minhong company jointly invested in the establishment of Shanghai Chengjia Economic Development Co., Ltd. to layout the operation projects of the industrial park and enhance the comprehensive competitiveness of the company.
“three red lines” continuous green file
Thanks to the achievements of China Enterprise Company Limited(600675) fund management, the “three red lines” index of the company is always at the “green level”. According to the annual report, China Enterprise Company Limited(600675) corresponding assets liability ratio excluding advance collection is 66.34%, net debt ratio is 41.35%, cash short debt ratio is 7.25, monetary capital balance is 14.331 billion yuan, and the overall average financing cost is 4.61%. There is sufficient elastic space in terms of capital liquidity, capital chain stability and anti risk ability to cross the real estate cycle and ensure sufficient capital reserves for the subsequent operation and development of the company.
While making strategic deployment and promotion, China Enterprise Company Limited(600675) fully embodies the sense of responsibility of state-owned enterprises for common progress with the society, and always integrates social responsibility into the operation and development of the company. In the face of the recent repeated epidemic trend in Shanghai, China Enterprise Company Limited(600675) attaches great importance to and responds quickly, comprehensively upgrades community prevention and control measures, and contributes to the fight against the epidemic.
China Enterprise Company Limited(600675) owns four major properties – Gubei property, Shencheng property, Shangfang property and Yide property. The property under management covers an area of more than 22 million square meters, involving residential, commercial, office parks and rail transit, serving more than 100000 families, 18 business areas and 51 office and park areas, providing property services and guarantee for 84 rail transit stations in the city.
Facing the problem of difficult distribution of epidemic prevention and control materials, China Enterprise Company Limited(600675) its property company has actively expanded “home service”, “rental service” and other value-added services according to the personalized needs of owners in early 2021, spared no effort to create “community group purchase” services, and gradually realized the seamless connection between owner procurement and property distribution. On the other hand, Shanghai Xinhong Agriculture Co., Ltd., a wholly-owned subsidiary of China Enterprise Company Limited(600675) has completed the pilot transformation of nearly 10000 square meters of traditional vegetable farms in 2021, so as to create the concept of “community life center” and form various modes of construction and operation in combination with the characteristics of surrounding communities, benefiting more than 70000 people; Its brand of “home food” has actively expanded its one-stop Shenzhen Agricultural Products Group Co.Ltd(000061) supply service from farm to table. In 2021, it has successfully expanded its service to Zhangjiang, Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) , Hongqiao Development Zone and other areas, effectively meeting users’ needs for healthier and safer Shenzhen Agricultural Products Group Co.Ltd(000061) .
The company said that in the future, China Enterprise Company Limited(600675) will continue to expand the pace of exploration and innovation, closely focus on the strategic positioning of “Shanghai’s influential urban renewal, comprehensive development and operation enterprise”, fully focus on the five tracks, gather various favorable resources for large-scale development, deepen regional and urban deep cultivation, establish urban model projects and enhance the voice of the city on the basis of ensuring the continuous optimization of capital structure.
