Greenland Holdings Corporation Limited(600606) 2021 achieved remarkable debt reduction, and the overall performance remained stable

On the evening of April 29, Greenland Holdings Corporation Limited(600606) released the annual report of 2021 and the first quarter report of 2022. In 2021, under the severe situation of profound changes in the external environment, Greenland accurately studied and judged the macroeconomic and industrial reform situation, continued to promote enterprise transformation, effectively and effectively responded to various external environmental challenges, and achieved the overall achievement of "three stabilities, one reduction and one excellence", that is, stable development, stable expectation, stable people's mind, reduced debt and excellent structure.

According to the annual report, in 2021, Greenland Holdings Corporation Limited(600606) achieved an operating revenue of 544.3 billion yuan, a year-on-year increase of 19%; The total assets were 1469.1 billion yuan, a year-on-year increase of 5%; The net assets were 90 billion yuan, a year-on-year increase of 6%; The total profit is 17.9 billion yuan, the net profit attributable to the shareholders of the listed company is 6.2 billion yuan, the basic earnings per share is 0.48 yuan, and the weighted average return on net assets is 7%.

While the overall operating performance of the whole year was stable, the Greenland Holdings Corporation Limited(600606) cash flow continued to improve, the business structure and asset quality were continuously optimized, and the development resilience and anti risk ability were enhanced. According to the annual report, the net operating cash flow of the company in 2021 was 62.2 billion yuan, a year-on-year increase of 39%, and the monetary capital at the end of the year was 82.7 billion yuan; At the end of the year, the balance of interest bearing liabilities decreased to 240.6 billion yuan, and the annual pressure drop of interest bearing liabilities was 81.2 billion yuan. Since the introduction of the "three red lines" regulatory policy, the cumulative pressure drop of interest bearing liabilities has been 147.6 billion yuan; The overall average financing cost is 5.7%, keeping the industry low; The company continued to strengthen market sales and payment collection. At the end of the year, the company's contract liabilities and advance receipts (mainly the pre-sale amount of the real estate industry) were 464.8 billion yuan, an increase of 10% year-on-year, laying a foundation for the stable growth of future performance.

In 2022, the external environment is still severe and complex, with repeated epidemics and multi-point outbreaks, which has a serious impact on the normal production and operation of the industry Greenland Holdings Corporation Limited(600606) focusing on the main line of "focus, transformation, reengineering and strengthening the body", we paid close attention to the beginning of the year's work, and the overall development of the enterprise remained stable.

In the first quarter of 2022, Greenland Holdings Corporation Limited(600606) achieved an operating revenue of 95.9 billion yuan, including 33.9 billion yuan in the real estate industry and 45.6 billion yuan in the infrastructure industry; The total profit is 4.1 billion yuan, the net profit attributable to the shareholders of the listed company is 2.5 billion yuan, the net operating cash flow is 2.6 billion yuan, and the weighted average return on net assets is 3%; By the end of the first quarter, the total assets of the company were 1404.6 billion yuan, the net assets increased steadily to 92.6 billion yuan, and the asset quality improved steadily.

Greenland Holdings Corporation Limited(600606) chairman and president Zhang Yuliang said that 2022 is the year of the 20th CPC National Congress and the 30th anniversary of Greenland. Greenland will seize the opportunity of the times, based on the profound accumulation over the years, give full play to the resource advantages of industrial coordination and comprehensive management, make full use of the dynamic vitality of state-owned brands and market mechanisms, unswervingly promote transformation and upgrading, unswervingly move forward towards higher development quality and better development level, and strive to achieve "start again and start a new situation".

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