CHINA AOYUAN(03883) Earnings Summary
Bullish Points:
1. In 2021, the company recorded a property contract sales amount of approximately RMB 1210.3 billion and a contract sales area of approximately 10.961 million square meters.
2. The company cooperated with 7,804 Chinese suppliers in 2021 (4,345 in 2020) and strictly followed procurement principles.
3. The company has invested over 1 billion RMB in public welfare and charity projects.
4. The company has established a customer satisfaction assessment system and set up a customer loyalty fund for problem-solving and organizing customer activities.
Bearish Points:
1. The total revenue in 2021 was approximately RMB 500.22 billion, a decrease of 26.2% compared to RMB 677.94 billion in 2020.
2. The company's net loss attributable to owners in 2021 was approximately RMB 330.75 billion, a decrease of 659.9% compared to a profit of RMB 59.08 billion in 2020.
3. Cash and bank deposits as of December 31, 2021, were approximately RMB 92.62 billion, down from RMB 525.04 billion in 2020.
4. The current ratio as of December 31, 2021, was 0.9 (compared to 1.4 in 2020).
5. Employee turnover rate increased to 61.9% in 2021 (2020: 40%).
In summary, CHINA AOYUAN(03883) has shown some positive aspects such as increased property contract sales and commitment to public welfare projects. However, the company has experienced a significant decrease in revenue, net loss, and a high employee turnover rate. It is essential to consider both the positive and negative aspects when evaluating the company's performance. For more information, you can read the original text of CHINA AOYUAN's financial report: https://static.tigerbbs.com/f4341774db61416682feff98173590cb
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