On March 24, CIFI Holdings released its 2021 annual report.
According to the announcement, in 2021, CIFI Holdings’ confirmed revenue will increase by 50.2% to 107.8 billion yuan; profit for the year will increase by 3.6% to 12.3 billion yuan, and net profit attributable to shareholders’ equity will decrease by 5.2% to 7.613 billion yuan; core net profit attributable to shareholders’ equity Profit decreased by 9.2% to approximately RMB 7.284 billion. Gross profit margin and core net profit margin were 19.3% and 6.8%, respectively, and core return on average equity was 18.7%.
During the reporting period, the company’s contracted sales increased by 7.1% to 247.3 billion yuan, and the cash collection rate of property sales exceeded 95%, reaching 240.3 billion yuan, a year-on-year increase of 20%.
As of the end of the reporting period, the company’s net debt was 67.402 billion yuan, the net debt-to-equity ratio was 62.8%, down 1.2 percentage points from the same period last year, and the weighted average cost of debt was 5.0%, down 0.4 percentage points. At the same time, cash on hand amounted to 46.7 billion yuan.
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