Greentown China Holdings Limited
绿城中国控股有限公司
(Stock code:03900)
2021
ANNUAL RESULTS ANNOUNCEMENT
MARCH 2022
Contents
Operational Review
Financial Highlights
································ 2
····························· 22
Outlook ··················································· 31
Appendix ·················································38
1
Operational
Review
2021 Results Highlights
Structural optimization &
robust operation
Exceeds
2021 Target
"Strategic 2025" Plan
Off to a good start
Net Gearing
Ratio
52.0%
11.8pps
Funding Cost
4.6%
30bps
Cash and
Bank Balances
RMB71.5 bn
RMB6.3bn
Cash / ST Debt
2.2x
2020: 2.0x
Revenue
RMB100.2 bn
52.4%
Increased earnings & constant improvement
Core Net Profit | EPS | Unbooked Sales |
RMB5.765 bn | RMB1.31 | RMB330.8 bn |
44.4% | 24.8% | RMB77.6bn |
3
2021 Results Highlights
Exceeds
2021 Target
"Strategic 2025" Plan
Off to a good start
Top 10 in terms of sales sale | Precise land investment |
• Total contracted sales amounted to | • Newly-added land bank: RMB313.7 bn, 34% via M&As |
RMB350.9 bn, up 21% YoY | • RMB84.9 bn saleable value from featured investment |
• Ranked 7th in the PRC1 | • Urban renewal implemented in Shenzhen & Shanghai |
• Ranked 1st among top 10 developers by | • Total land bank: RMB948.8 bn, up 18% from end-2020 |
growth rate | • Land bank in tier 1 & 2 cities accounted for 74% of the total |
• Cash collection rate reached 106% |
Longstanding leadership in products & services
- No.1 in "Outstanding Product Quality" in Chinese Real Estate
- Ranked 1st across 14 cities in "Chinese Urban Residents' Satisfaction" survey
- Nearly 100 product awards including the MUSE Design Awards from the US, I-ding International Design Award, Luban Award & Tien-yow Jeme Civil Engineering Prize
Note: 1) CRIC, China Index Academy and EH Consulting | 4 |
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