Sinyi Realty Inc. · TWSE:9940
Sinyi Realty — Q4 2021 Earnings Presentation
23 slides from Sinyi Realty's earnings presentation, Mar 11, 2022
Slide 1: Sinyi Realty Inc. (9940) 2021Q4 Earning Release Conference
Sinyi Realty Inc. (9940) 2021Q4 Earning Release Conference Speaker： Chen, Chih-Huan, Senior Director Tseng, Chin-Der, Researcher Mar 11, 2022 1
Slide 2: Agenda
1 Opening 2 2021Q4 Operational Report Agenda First half of 2022 Forward- 3 looking 4 Q&A 2
Slide 3: Disclaimer
Disclaimer The information herein and the presentation made during the conference contain forward-looking statements and are provided for information purposes only. Neither Sinyi Realty Inc. nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statemen
Slide 4: 2021 Consolidated Comprehensive Income
2021 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2021 2020 YoY YoY Sales Revenue 4,517,084 1,028,272 3,488,812 339% Service Revenue 14,275,237 12,033,169 2,242,068 19% Net sales 18,792,321 13,061,441 5,730,880 44% Sales of Goods Sold 3,654,843 624,475 3,030,368 485% Service Cost
Slide 5: 2021 Consolidated Comprehensive Income (Other Comprehensive Income)
2021 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2021 2020 YoY YoY Net income 2,370,359 1,569,168 801,191 51% Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit plans (18,833) (20,274) 1,441 Na. Unrealize
Slide 6: Sales Revenue Per Business
Sales Revenue Per Business 2021 China (development subsidiaries) 6% 2020 (non-development Domestic non- ainda development subsidiaries subsidiaries) 4% subsidiaries) 9 China (development A Domestic development 3% m Sinyi Realty Inc. subsidiaries) subsidiaries ari 1%. m Japan 24% m Sinyi Realty Inc.
Slide 7: Monthly Consolidated Revenue
Monthly Consolidated Revenue in NT$ millions 7
Slide 8: Monthly Non-development Consolidated Revenue
Monthly Non-development Consolidated Revenue in NT$ millions 8
Slide 9: 2021 Consolidated Balance Sheets
2021 Consolidated Balance Sheets in NT$ thousands Year 2021.12.31 2020.12.31 YoY Account Amount % Amount % Amount % Cash & Cash equivalents 9,546,619 29% 6,383,520 20% 3,163,099 50% Financial assets at fair value through P&L 47,588 - 105,525 - (57,937) (55%) Financial assets at fair value through ot
Slide 10: 2021 Consolidated Balance Sheets
2021 Consolidated Balance Sheets in NT$ thousands Year 2021.12.31 2020.12.31 YoY Account Amount % Amount % Amount % Contract liabilities - current 1,723,403 5% 1,479,529 4% 243,874 16% Trade payables & Notes payables 811,840 2% 275,348 1% 536,492 195% Other payables 3,774,976 12% 3,122,574 10% 652,4
Slide 11: 2021 Consolidated Balance Sheets in NT$ thousands
2021 Consolidated Balance Sheets in NT$ thousands Year 2021.12.31 2020.12.31 YoY Account Amount % Amount % Amount % Ordinary shares 7,368,465 22% 7,368,465 23% - - Capital surplus 63,896 - 63,896 - - - Retained earnings Legal reserve 2,518,043 8% 2,345,792 7% 172,251 7% Special reserve 772,692 2% 58
Slide 12: 2021 Consolidated Cash Flows
2021 Consolidated Cash Flows in NT$ thousands 2021 2020 YoY Beginning Balance 6,383,520 7,480,172 (1,096,652) Net cash (used in) generated from operating activities 7,032,338 3,554,297 3,478,041 Net cash generated from (used in) investing activities (159,358) (255,428) 96,070 Net cash generated from
Slide 13: Inventory as of 2021.12.31
Inventory as of 2021.12.31 in NT$ thousands 2021.12.31 2020.12.31 Property under processing of development Banqiao District, New Taipei City 3,534,406 3,001,699 Binghu District, Wuxi City - 7,916,791 Property to be developed Banqiao District, New Taipei City 490 490 （For Capacity Transfer） Prepaymen
Slide 14: Development Projects of Sinyi's Subsidiaries
Development Projects of Sinyi’s Subsidiaries Accumulated Total 2021 (As of Dec 31, 2021) Project Available Rate of Delivered Revenue Delivered Revenue Units sale Units Recognized Units Recognized Jia-Ho 144 100% - - - - Jia-Pin 114 100% - - - - Sinyi Jiating TWD TWD 1,109 100% 1,109 22 (Shanghai) 15
Slide 15: Sinyi Standalone Comprehensive Income
2021 Sinyi Standalone Comprehensive Income in NT$ thousands 2021 2020 YoY YoY% Net sales 13,297,719 11,013,952 2,283,767 21% Operating cost 9,357,465 7,731,515 1,625,950 21% Gross profit 3,940,254 3,282,437 657,817 20% Gross margin(%) 30% 31% (1pt) Operating expense 1,050,179 1,034,329 15,850 2% Ope
Slide 16: Sinyi Standalone Comprehensive Income
2021 Sinyi Standalone Comprehensive Income in NT$ thousands (EPS in NT$) 2021 2020 YoY YoY Net income 2,349,841 1,552,287 797,554 51% Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit plans (16,599) (18,742) 2,143 Na. Unrea
Slide 17: Sinyi Standalone Balance Sheets
2021 Sinyi Standalone Balance Sheets in NT$ thousands Year 2021.12.31 2020.12.31 YoY Account Amount % Amount % Amount % Cash & Cash equivalents 658,568 3% 596,783 2% 61,785 10% Financial assets at fair value through other comprehensive income - current 119,892 - 102,917 - 16,975 16% Accounts & Notes
Slide 18: Sinyi Standalone Balance Sheets
2021 Sinyi Standalone Balance Sheets in NT$ thousands Year 2021.12.31 2020.12.31 2020.12.31 Account Amount % Amount % Amount % Other payables 3,107,737 12% 2,496,167 9% 611,570 25% Lease liability - current 438,987 2% 413,547 2% 25,440 6% Current portion of bonds payable - - 700,000 3% (700,000) (10
Slide 19: Standalone Cash Flows
2021 Standalone Cash Flows in NT$ thousands 2021 2020 YoY Beginning Balance 596,783 487,041 109,742 Net cash (used in) generated from operating activities 4,068,638 3,192,539 876,099 Net cash generated from (used in) investing activities (80,568) (355,566) 274,998 Net cash generated from (used in) f
Slide 20: Physical Store Location in Taiwan
Physical Store Location in Taiwan 2022/02 2021/02 Area Diff. No. % No. % Greater Taipei Area 283 58% 280 60% 3 Taoyuan & Hsinchu 67 14% 67 14% - Taichung 76 15% 68 14% 8 Tainan & Kaohsiung 61 13% 55 12% 6 Total 487 100% 470 100% 17 20
Slide 21: First half of 2022 Forward-looking
First half of 2022 Foward-looking The Russia-Ukraine crisis has limited impact on housing market. Economic growth is steady and homebuyers’ confidence in housing market is strong. However, the increase of house trading volume is not easy to see under high housing prices. The government policie
Slide 22: Q&A
fene O&A
Slide 23: Investor Relations
Investor Relations 23