CHINA AOYUAN(03883) Earnings Summary
Bullish Points:
1. In 2022, the company achieved a property contract sales amount of approximately RMB 202.2 billion and a contract sales area of approximately 2.09 million square meters.
2. The gross profit for 2022 was approximately RMB 8.41 billion, an increase of 107.0% compared to a negative gross profit of RMB 119.35 billion in 2021, with a gross profit margin of 4.5%.
3. Administrative expenses decreased by 39.5% to RMB 2.372 billion compared to RMB 3.921 billion in 2021.
4. The company is committed to providing high-quality living environments and creating a healthy lifestyle for customers, building a healthy life ecosystem.
5. The company focuses on customer service experience and satisfaction, pursuing product and service innovation to enhance brand recognition and reputation.
6. The company is dedicated to improving corporate management and promoting high-quality growth, continuously improving the standardization level of project operation, sales, procurement, and safety management.
Bearish Points:
1. The total revenue for 2022 was approximately RMB 187.11 billion, a decrease of 62.6% compared to RMB 500.22 billion in 2021.
2. The company's net loss from other income, gains, and losses in 2022 was approximately RMB 37.31 billion.
3. Net loss attributable to the company's owners in 2022 was RMB 7.843 billion, a 76.3% increase from the RMB 33.075 billion loss in 2021.
4. The current ratio as of December 31, 2022, was 0.9, indicating potential liquidity issues.
5. The company's sales and distribution expenses in 2022 totaled approximately RMB 12.15 billion, a decrease of 52.1% compared to RMB 25.36 billion in 2021.
In summary, CHINA AOYUAN(03883) has shown some positive aspects in its financial report, such as an increase in gross profit and a decrease in administrative expenses. However, there are also negative aspects, such as a decrease in total revenue and an increase in net loss attributable to the company's owners. For more information, you can read the original text of CHINA AOYUAN's financial report: https://static.tigerbbs.com/a27a8c40d105418a9349032a4ba49377
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