China resources land: overall gross margin recorded its lowest level in recent 10 years | annals of express delivery

2022-05-22 0 By

On March 31, China Resources Land released its 2021 results report.During the reporting period, the annual consolidated turnover of China Resources Land was 212.11 billion yuan, up 18.1% year on year.Among them, the turnover of development property was 183.86 billion yuan, up 17.0% year on year;Rental income from investment properties (including hotel operations) was 17.43 billion yuan, up 36.3% year on year.The consolidated gross margin for the year was 27.0%, the lowest in nearly a decade.Among them, the gross profit margin of development property decreased to 23.7%;Gross margin on investment properties (including hotel operations) rose to 68.2 per cent.In terms of liabilities, the current liabilities of China Resources Land in 2021 are about 464.627 billion yuan, non-current liabilities are about 193.101 billion yuan, the ratio of shareholders’ equity (including minority shareholders’ equity) of net interest-bearing liabilities is 30.4%, the comprehensive loan amount is equivalent to 194.74 billion yuan, and cash and bank balance is equivalent to 108.7 billion yuan.During the period, the contract amount of development and sales business of China Resources Land reached 315.8 billion yuan, up 10.8% year on year;It operates 54 shopping centers in Vientiane, reserves about 61 projects, and acquipes 12 new shopping center projects. The retail sales of its shopping centers increase by 45% to 107.2 billion yuan annually, and the rental income reaches 13.9 billion yuan, up by 38.1% annually.In the operation of 23 office buildings, rental income increased by 20% year-on-year to 1.9 billion yuan;Hotel revenue rebounded 43.9% year-on-year to 1.6 billion yuan.