\u3000\u3 Jointo Energy Investment Co.Ltd.Hebei(000600) 325 Huafa Industrial Co.Ltd.Zhuhai(600325) )
Core view:
I. The sales performance increased steadily, and the collection increased by 32% year-on-year
In 2021, Huafa Industrial Co.Ltd.Zhuhai(600325) achieved a contract sales amount of 121.89 billion yuan, and the regional contribution pattern remained stable. East China and Zhuhai still contributed more than 70% of the sales amount, while Beijing’s regional sales contribution increased. At the same time, the collection amount in 2021 reached 70.732 billion yuan, a year-on-year increase of 32.3%.
II. The profitability increased steadily, and the gross profit margin exceeded 25%
In 2021, Huafa Industrial Co.Ltd.Zhuhai(600325) achieved an operating revenue of 51.24 billion yuan, a year-on-year increase of 0.5%, a gross profit of 13.22 billion yuan, a year-on-year increase of 6.7%, a net profit of 4.68 billion yuan, a year-on-year increase of 2.6%, and a gross profit margin of 25.8%, an increase of 1.5 percentage points over 2020.
III. strengthen cash + reduce liabilities, and achieve the green level of “three red lines” within one year
Through various measures such as withdrawal, structural adjustment and stable investment and expansion, Huafa Industrial Co.Ltd.Zhuhai(600325) monetary capital increased by 15% year-on-year, total liabilities decreased by 14%, short-term debt decreased by 40%, and the proportion of short-term debt decreased by 8.7 percentage points to 20%, so as to achieve all the indicators of “three red lines”, and the net debt ratio, asset liability ratio excluding advance collection and cash short-term debt ratio were 90.5%, 67.1% and 1.8 times respectively.
