Post by account_disabled on Dec 20, 2023 22:15:17 GMT -6
Country Garden reports 2021 operating results, revenue grows 13% to reach US$82.2 billion FOSHAN, China--1 April 2022--PRNewswire/InfoQuest On March 30, Country Garden Holdings Company Limited (02007.HK) reported its 2021 financial results, with the company still able to maintain its leading position. Industry in terms of sales and achieve the goal of stable growth in revenue. Including an excellent performance in the average collection time for beans (Days Sales Outstanding: DSO), which shows the great flexibility of the company's operations. For the year ending December 31, 2021, Country Garden had contracted sales attributable to shareholders of approximately RMB 558 billion (approximately USD 87.7 billion) and gross floor area (GFA).
Contracted shareholders' equity is approximately 66.41 million Job Function Email Database square meters. Meanwhile, statistical data shows that between 2015 and 2021, the company has a contracted sales growth rate of 29% in published sales rankings. The China Index Academy, China Real Estate Information Corp. (CRIC) and other third-party organizations found that Country Garden is the only real estate development company. The only company with total sales exceeding 700 billion yuan (approximately 110 billion US dollars) and stock sales exceeding 500 billion yuan (approximately 78.6 billion US dollars), able to hold the number one position in the industry. scrimp In terms of key profit indicators, Country Garden raked in revenue of 523.06 billion yuan (approximately 82.2 billion U.S. dollars), with gross profit of 927.8 billion yuan (approximately 14.6 billion U.S. dollars).
And net profit was 40.98 billion yuan (approximately 6.4 billion USD). Core net profit attributable to shareholders was 26.93 billion yuan (approximately 4.2 billion USD). Adequate cash flow is an important factor. To manage and reduce risk while the industry is facing tight capital. And many real estate developers face cash shortages when their bonds mature. For 2021, cash collected by Country Garden from contracted sales was 502.2 billion yuan (about 79 billion USD) with a cash collection ratio of 90%, which Country Garden has been able to maintain above 90% for 6 consecutive years. In addition to improved financial status Country Garden's debt levels have also continued to decline year on year. And financing costs have decreased as well. As of December 31, 2021, Country Garden had sufficient cash at 181.3 billion yuan (approximately USD 28.5 billion), and total interest-bearing debt decreased.
Contracted shareholders' equity is approximately 66.41 million Job Function Email Database square meters. Meanwhile, statistical data shows that between 2015 and 2021, the company has a contracted sales growth rate of 29% in published sales rankings. The China Index Academy, China Real Estate Information Corp. (CRIC) and other third-party organizations found that Country Garden is the only real estate development company. The only company with total sales exceeding 700 billion yuan (approximately 110 billion US dollars) and stock sales exceeding 500 billion yuan (approximately 78.6 billion US dollars), able to hold the number one position in the industry. scrimp In terms of key profit indicators, Country Garden raked in revenue of 523.06 billion yuan (approximately 82.2 billion U.S. dollars), with gross profit of 927.8 billion yuan (approximately 14.6 billion U.S. dollars).
And net profit was 40.98 billion yuan (approximately 6.4 billion USD). Core net profit attributable to shareholders was 26.93 billion yuan (approximately 4.2 billion USD). Adequate cash flow is an important factor. To manage and reduce risk while the industry is facing tight capital. And many real estate developers face cash shortages when their bonds mature. For 2021, cash collected by Country Garden from contracted sales was 502.2 billion yuan (about 79 billion USD) with a cash collection ratio of 90%, which Country Garden has been able to maintain above 90% for 6 consecutive years. In addition to improved financial status Country Garden's debt levels have also continued to decline year on year. And financing costs have decreased as well. As of December 31, 2021, Country Garden had sufficient cash at 181.3 billion yuan (approximately USD 28.5 billion), and total interest-bearing debt decreased.