The core financial indicators are stable, and the profitability and anti risk ability are highlighted
According to the financial report data, the business income of country garden will be about 485.91 billion yuan in 2019, with a year-on-year growth of 28.2%. The gross profit was about 126.64 billion yuan, up 23.6% year on year. The net profit was about 61.2 billion yuan, up 26.1% year on year. Shareholders should account for about 40.12 billion yuan of core net profit, with a year-on-year increase of 17.6%.
The financial report also shows that the cash return of country gardens equity property sales in 2019 is about 530.1 billion yuan, and the return rate of equity sales is as high as 96%. Since 2016, country garden has achieved positive net operating cash flow for the fourth time in a row at the end of the year, reaching 14.67 billion yuan. Meanwhile, the available cash balance is about 268.35 billion yuan, reaching the highest level in the companys history. Compared with the same period in 2018, the net loan ratio of country garden decreased by 3.3 percentage points to 46.3%, and its financial performance became more stable.
In the face of market fluctuations, country gardens business also showed strong resilience. This year, affected by the outbreak of the Xinguan epidemic, the real estate sales transactions have been impacted, and country gardens anti risk ability is prominent, stable and good. From January to July 2020, the accumulated equity sales amount reached 321.23 billion yuan, ranking the forefront of the industry. With the gradual control of the epidemic situation and the steady economic recovery, country garden has achieved five consecutive months of year-on-year growth since March, of which the year-on-year growth in July was 27.52% to 54.28 billion yuan.
JP Morgan Research Report points out that country gardens performance in 2019 shows strong and sustainable profitability. Thanks to its strong executive ability and cost control, country garden will become the most profitable company in the field.
Country garden has long been optimistic about the development of new urbanization and is the most widely distributed real estate enterprise in the industry. According to the data, by the end of December 2019, the total number of projects signed or delisted by country garden in mainland China was 2512, with business covering 31 provinces / autonomous regions / municipalities directly under the central government, 282 prefecture level cities and 1299 counties / towns.
By the end of 2019, country garden has acquired about 1702.2 billion yuan of equity marketable resources in China, and the potential equity marketable value is about 715.9 billion yuan. The total equity saleable resources are about 2.4 trillion yuan, which can meet the sales volume of the group in the next four years or more. Among the available resources, 97% are located in the area with a permanent population of more than 500000, 93% in the inflow area and 73% in the five major urban agglomerations. Most of the volume of goods is in line with the trend of population flow.
Focusing on the diversified layout of the main business, the high-tech strategy has been continuously promoted
In the post epidemic era, the new infrastructure represented by 5g, artificial intelligence, industrial Internet and Internet of things has become the wind outlet for the development of various industries. Country garden followed the trend, established the strategic positioning of high-tech comprehensive enterprise to create better life products for the world, and accelerated the layout of robots and modern agriculture.
Since this year, the Ministry of housing and urban rural development (MOHURD) has jointly issued a number of policies to promote intelligent construction, emphasizing the need to vigorously develop building industrialization as the carrier, digital and intelligent upgrading as the driving force, innovate and break through relevant core technologies, increase the application of intelligent construction in all aspects of engineering construction, and form a comprehensive industrial chain covering scientific research, design, production and processing, construction assembly and operation The system of intelligent construction industry.
By the end of July 2020, Guangdong bozhilin robot Co., Ltd., a wholly-owned subsidiary of country garden group, has developed more than 50 construction robots, 36 of which have been put into field test and application, and more than 10 have entered the stage of production. In addition, bozhilin has submitted 2332 valid patent applications and 577 authorized patents. It has a number of independent core technologies in key fields.
In addition, country garden also established Qianxi robot catering group last year. At present, its business has covered the whole industrial chain of back-end supply chain production, robot production, catering store operation and robot stand-alone equipment operation, and has built six robot restaurant entity stores. As of June 2020, Qianxi group has submitted 500 patent applications, independently developed more than 80 kinds of robot equipment and software systems, of which 61 have been put into use, covering hotpot, Chinese food, fast food, pot rice and other formats. It is worth mentioning that during this years epidemic, its self-developed container rice making robot also appeared on the front line of Wuhan anti epidemic, providing 24-hour catering service for medical staff and isolation personnel, becoming a typical case of science and technology helping to cope with major public crisis.
This year, the national rural industry development plan (2020-2025) issued by the Ministry of agriculture and rural pointed out that at present, a new round of industrial revolution and technological revolution is in the ascendant, biotechnology and artificial intelligence are widely used in agriculture, 5g, cloud computing, Internet of things, blockchain, etc. interact with agriculture, and new industries, new forms and new models are emerging, leading the transformation and upgrading of rural industries. It is necessary to establish a technological innovation system with enterprises as the main body, market as the guidance and the combination of production, teaching and research, strengthen the industrialization of innovation achievements and enhance the core competitiveness of the industry.
Following the policy trend, Country Garden Agricultural Holding Co., Ltd., a wholly-owned subsidiary of country garden group, has carried out large-scale unmanned farm experimental demonstration project in Jiansanjiang, Heilongjiang Province, exploring the construction of intelligent agricultural technology research and development platform, and promoting the modernization of Chinas agricultural machinery. At the same time, country garden agriculture has also established Chinese seed millet in Wuhan to promote the development of Chinas seed industry, and work with Hunan National Hybrid Rice center to help Africa realize food security.
Goldman Sachs believes that country gardens whole industry chain business model, as well as the synergistic effect brought about by the diversified business development of robots and modern agriculture, can distinguish country garden from other leading enterprises in the long run. Various achievements show that country garden is not only a real estate enterprise, but also an innovative enterprise with a high-tech layout and a whole industrial chain.
Focus on one rate and five forces to enhance the comprehensive competitiveness of the whole cycle
Forward looking enterprises take the initiative to promote the market and promote the process of civilization, which is one of the elements of long-term development. Yang Guoqiang, chairman of the board of directors of country garden group, has repeatedly stressed in the internal management meetings that we should keep in awe of the market and what country garden does not change is always changing. As a result, country garden has continuously consolidated its foundation, strengthened its organization, optimized its talents and improved its efficiency, thus laying a foundation for its long-term healthy development.
In 2020, country garden put forward one rate and five forces, that is to achieve high efficiency, cost, product, science and technology, service and marketing. In order to enhance the comprehensive competitiveness of enterprises in the whole cycle, country garden has taken a series of specific measures, including three have development and seven most standards in enterprise management, strengthened the normal training, improved the comprehensive strength of the region from the dimensions of investment, operation and operation, and ensured the success of the project. In terms of service capacity, we should adjust the functions and structure of the departments to achieve efficient coordination among departments and better serve customers. In terms of product force, while doing a good job in the front planning, we should upgrade the product building ability, continuously develop the product series, and accumulate the window period of power.
In view of the strong financial ability and the strength of stable operation, the capital market gives the country garden a very high evaluation. At present, country garden has been awarded investment grade BBB enterprise credit rating by Fitch, an international authoritative credit rating agency. Moodys of standard popularization also gave country garden BB + and BA1 ratings respectively, which were only one grade away from the investment grade.
The bigger the enterprise, the greater the responsibility. All along, country garden attaches great importance to corporate social responsibility and adheres to the corporate spirit of being good to people and good to society. In July this year, the authoritative financial magazine institutional investors awarded country garden the first place of best ESG (environment, society, corporate governance) - real estate industry (seller). Since the first large donation in 1997, Yang Guoqiangs family, country garden group and Guoqiang public welfare foundation have donated more than 6.7 billion yuan to the society, involving precision poverty alleviation, vocational education, teaching and scientific research, etc. As an industry leader and one of the worlds top 500 enterprises, in 2019, country garden has more than 100000 employees, more than 2 million indirect job creation, and 70.2 billion yuan of tax payment. It has contributed a lot of taxes and jobs to the society and made due contributions to the macroeconomic development and stable employment growth. Source: Netease Financial Editor: Chen Hequn_ NB12679
The bigger the enterprise, the greater the responsibility. All along, country garden attaches great importance to corporate social responsibility and adheres to the corporate spirit of being good to people and good to society. In July this year, the authoritative financial magazine institutional investors awarded country garden the first place of best ESG (environment, society, corporate governance) - real estate industry (seller). Since the first large donation in 1997, Yang Guoqiangs family, country garden group and Guoqiang public welfare foundation have donated more than 6.7 billion yuan to the society, involving precision poverty alleviation, vocational education, teaching and scientific research, etc.