BEIJING NORTH STAR COMPANY LIMITED Contents
Financial Highlights
Chairman's Report
Management Discussion and Analysis
Report on Corporate Governance
Profile of Directors, Supervisors and Senior Management
Report of the Directors
Report of the Supervisory Committee
Independent Auditor's Report
Consolidated Financial Statements
Supplementary Information
Directors' Proposal on the Appropriation of Profit for the Year of 2022
Corporate Information
2
4
6
25
38
43
54
55
63
184
185
186
2 BEIJING NORTH STAR COMPANY LIMITED
Financial Highlights
RESULTS
Year ended 31 December | 2022 | 2021 | 2020 | 2019 | 2018 |
RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | |
(Restated) | |||||
Revenue | 12,988,940 | 22,182,854 | 17,995,842 | 20,122,314 | 17,859,790 |
(Loss)/Profit before income tax | (803,113) | 1,590,588 | 1,512,580 | 4,681,368 | 3,860,018 |
Income tax expenses | 722,064 | 1,350,530 | 1,042,383 | 2,579,488 | 1,606,703 |
(Loss)/Profit for the year | (1,525,177) | 240,058 | 470,197 | 2,095,459 | 2,214,119 |
Attributable to: | |||||
Ordinary shareholders of the Company | (1,471,352) | 207,374 | 21,658 | 1,788,709 | 1,403,430 |
Investors of perpetual bonds | 25,359 | 137,783 | 143,530 | 116,859 | 7,059 |
Non-controlling interests | (79,184) | (105,099) | 305,009 | 189,891 | 803,630 |
ASSETS AND LIABILITIES | |||||
As at 31 December | 2022 | 2021 | 2020 | 2019 | 2018 |
RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | |
(Restated) | |||||
Total assets | 76,112,736 | 88,479,352 | 94,929,518 | 102,438,791 | 99,910,665 |
Total liabilities | 53,528,643 | 62,610,819 | 68,835,886 | 75,900,502 | 77,054,480 |
Total equity | 22,584,093 | 25,868,533 | 26,093,632 | 26,538,289 | 22,856,185 |
ANNUAL REPORT 2022 | 3 |
Financial Highlights (Continued)
REVENUE BY BUSINESS
RMB'000
Real estate development
Convention and exhibition (including hotels) and commercial properties
Other Operation
17,859,790 | 20,122,314 | 17,995,842 | 22,182,854 | 12,988,940 |
20,128,085 | ||||
15,133,498 | 17,352,471 | 16,156,245 | ||
10,964,541 | ||||
2,629,020 | 2,660,358 | 1,738,134 | 1,909,995 | 1,881,782 |
97,272 | 109,485 | 101,463 | 144,774 | 142,617 |
2018 | 2019 | 2020 | 2021 | 2022 |
(restated) |
(LOSS)/PROFIT ATTRIBUTABLE | GROSS AREA OF |
TO ORDINARY SHAREHOLDERS | PROPERTY PORTFOLIO |
OF THE COMPANY | m2 |
For the year ended 31 December 2022 | |
RMB'000 | |
2022 (1,471,352)
2021
(restated)
2020
2019
2018
4,979,000
207,374
21,658
Real estate development | |||||
1,788,709 | Convention and exhibition | ||||
1,446,500 | (including hotels) and |
Total | commercial properties | |
1,403,430 | ||
6,425,500
4 BEIJING NORTH STAR COMPANY LIMITED
Chairman's Report
Dear Shareholders,
On behalf of the board of directors (the "Board"), I am pleased to present you the operating results of the Company for the year ended 31 December 2022.
As of 31 December 2022, according to the Hong Kong Financial Reporting Standards ("HKFRS"), during the Reporting Period, the Company recorded an operating revenue of RMB12,988,940,000 representing a year-on-year decrease of 41.45%. Loss before tax amounted to RMB803,113,000, representing a year-on- year decrease of 150.49%. Loss attributable to Ordinary Shareholders amounted to RMB1,471,352,000, representing a year-on-year decrease of RMB1,678,726,000. In particular, the after-tax core operating results of the principal activities of the Company (excluding losses arising from the changes in fair value) recorded
- loss of RMB1,332,714,000, representing a year-on-year decrease of 532.63%. Loss per share was RMB0.4370.
Looking back on 2022, in the face of complex environment both domestically and internationally, the Company assessed the situation and overcame difficulties, seriously monitored and evaluated the changes in the market conditions, objectively assessed the current status of its business, effectively prevented risks and maintained the stable operation of various business segments. For the real estate development business, the Company quickly adapted to policy and market changes, strengthened the supervision and control over the entire process, rationalized the allocation of financial resources, strived to curb costs and expenses in an effort to consolidate the risk resistance of its real estate development business. In terms of convention and exhibition (including hotels) and commercial properties business, the Company achieved a breakthrough in expanding upstream business of convention and exhibition, continued to boost the scale of its convention and exhibition venue management output business, and further enhanced the professional operation of commercial properties, resulting in a steady progress in the effectiveness of the overall operation of convention and exhibition (including hotels) and commercial properties.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Beijing North Star Company Limited published this content on 31 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2023 08:16:08 UTC.
