Metro Land Corporation Ltd(600683) 412 disclose the annual report of 2021. During the reporting period, the company achieved a total operating income of about 6.766 billion yuan, a year-on-year decrease of 23.67%; The net profit attributable to the shareholders of the listed company was about 329 million yuan, a year-on-year decrease of 33.87%. The company plans to pay a cash dividend of 1.30 yuan (including tax) for every 10 shares.
The annual report shows that in 2021, the company’s operating revenue decreased by 23.67% compared with the same period of the previous year, mainly due to the impact of positioning, city and location of the products carried forward in the current period, which is lower than the average selling price of the products carried forward in the same period of the previous year. The net profit attributable to the parent company after deducting non recurring profit and loss decreased by 62.67% compared with the same period of the previous year, mainly due to the difference in gross profit margin due to different types of products carried forward. The gross profit margin in 2021 decreased by 6.93 percentage points compared with the same period of the previous year. Net assets attributable to shareholders of listed companies increased by 43.08%, mainly due to the addition of 3 billion yuan of sustainable financing products and the increase of owner’s equity.
The announcement shows that after the introduction of the “three red lines” policy, on the one hand, the company will accelerate the de industrialization and project turnover to ensure financial stability and maintain the company’s asset liability ratio at a reasonable level. On the other hand, the company actively expanded financing channels, enriched financing methods, and effectively guaranteed the capital demand for development and construction of various projects. The total liabilities of the company decreased by 13.96% over the beginning of the reporting period.
