Casin Real Estate Development Group Co.Ltd(000838) april 11 announced the 2021 annual report and the first quarterly report of 2022 at the same time. The company achieved a year-on-year decrease of 4.85 billion yuan in operating income, a decrease of 4.85 billion yuan last year; The net profit attributable to the parent company was -740 million yuan, with a significant year-on-year decrease of 737.94% and earnings per share of -0.67 yuan. In the first quarter of this year, with the increase of the carrying forward scale of real estate projects, the company realized an operating revenue of 1.313 billion yuan, a year-on-year increase of 162.32%; The net profit attributable to the parent company was 179499 million yuan, turning losses into profits.
It is understood that the company had a large loss in 2021. On the one hand, it was caused by the year-on-year decline in the scale of new housing delivery projects and the decline in the gross profit margin of sales; On the other hand, in order to speed up the deregulation, the company adjusted the selling prices of commercial housing, commerce, apartments, parking spaces and other products, and accrued large asset impairment losses.
In 2021, the new construction area of the company’s real estate is about 366900 square meters, the completed area is about 746200 square meters, and the settlement area is about 647400 square meters; Throughout the year, the contracted sales area was 712000 square meters and the sales amount was 6.119 billion yuan. The company had no new land reserve projects throughout the year. The environmental protection sector achieved an operating revenue of 174 million yuan and a net profit of 27.82 million yuan.
Looking forward to 2022, Casin Real Estate Development Group Co.Ltd(000838) said that it would focus on the fast turnover mode to ensure stable operation, improve anti risk ability and seek further development on the basis of steady operation. At the same time, we will vigorously improve the company’s operation ability through organizational management optimization and professional improvement.
