Although the real estate market was relatively cold in the second half of last year, the annual income of Poly Developments And Holdings Group Co.Ltd(600048) still increased year-on-year.
On January 9, Poly Developments And Holdings Group Co.Ltd(600048) (600048) released a performance express. It is expected to achieve a total operating revenue of 285.048 billion yuan in 2021, a year-on-year increase of 17.2%; The net profit attributable to shareholders of listed companies was 27.577 billion yuan, a year-on-year decrease of 4.74%; By the end of 2021, the net asset per share was 16.37 yuan, a year-on-year increase of 8.66%.
Poly Developments And Holdings Group Co.Ltd(600048) said that the company's revenue has increased to a certain extent, mainly due to the completion, delivery and carry forward revenue of the company's sold real estate projects within the year. At the same time, due to the decline of the gross profit margin of the carry forward projects, the operating profit has decreased to a certain extent.
In the whole year, the sales of Poly Developments And Holdings Group Co.Ltd(600048) 2021 increased compared with that of 2020, with a contract amount of 534.929 billion yuan, a year-on-year increase of 6.38%.
However, the housing market at the end of the year was colder than that at the end of 2020. The contracted area was 2.447 million square meters in December 2021, a year-on-year decrease of 15.59%; The monthly contract amount was 36.707 billion yuan, a year-on-year decrease of 7.78%.
Further forward, in November 2021, Poly Developments And Holdings Group Co.Ltd(600048) achieved a contracted area of 2.266 million square meters, a year-on-year decrease of 13.8%; The contracted amount reached 38.02 billion yuan, a year-on-year decrease of 5.7%. At the end of the year, both the contracted area and the contracted amount fell for two consecutive months.
But this cannot stop Poly Developments And Holdings Group Co.Ltd(600048) from taking the land.
On January 9, Poly Developments And Holdings Group Co.Ltd(600048) announced that 17 new real estate projects had been added recently, involving Foshan, Dongguan, Zhongshan, Nanjing, Wenzhou, Changzhou, Shaoxing, Taizhou and other places, including 14 commercial and residential land and 3 residential land. The total price to be paid exceeded 22.3 billion yuan.
Last December, Poly Developments And Holdings Group Co.Ltd(600048) had a more positive attitude towards land acquisition than in November. In November 2021, Poly Developments And Holdings Group Co.Ltd(600048) added 7 new projects, with a total equity land price of 4.3 billion yuan. The quantity and total amount are far lower than those in December.
Recently, the real estate financing policy has been relatively loose, and the stock prices of A-share related stocks have also rebounded. Poly Developments And Holdings Group Co.Ltd(600048) since November 2021, the cumulative increase has exceeded 28%, the latest share price is 16.15 yuan / share, and the total market value is 193.3 billion yuan.
If calculated according to the net assets per share and the latest closing price of the 2021 performance express, the latest price to book ratio of Poly Developments And Holdings Group Co.Ltd(600048) is 0.99.
In terms of the target completion rate of real estate enterprises in 2021, the data of China Index Research Institute show that the annual target completion rate of real estate enterprises is about 90.1%, and the top 100 threshold is reduced to 33.1 billion yuan. From the perspective of 32 representative enterprises, the sales target completion rate of real estate enterprises in 2021 is significantly lower than that of last year, with an average completion rate of 90.1%.
The central bank previously held a work deployment meeting on 2022, which proposed to steadily implement the prudent management system of real estate finance, better meet the reasonable housing needs of buyers, and promote the virtuous circle and healthy development of the real estate industry.
Industry insiders expect that this round of improvement in the financial environment is expected to bring the centralized release of demand in key cities. The demand of key cities is expected to accelerate in mid-2022. In addition, it is expected that the construction of affordable housing will drive the scale of real estate investment by about 243 billion yuan in 2022.
(source: Securities Times · e company)
