On April 18, China Architecture released its annual report for 2022. The report shows that during the reporting period, the newly signed contract value was 3.9 trillion yuan, an increase of 10.6% over the previous year; the operating income was 2.06 trillion yuan, an increase of 8.6% over the previous year; the net profit attributable to shareholders of listed companies was 50.95 billion yuan, a decrease of 1.2% over the previous year. Net assets attributable to shareholders of the Company amounted to RMB384.32 billion, representing a year-on-year increase of 11.2%. The weighted average return on equity was 13.94%, maintaining the leading position in the industry.
In 2022, the annual value of new contracts signed by China's housing construction business was 247.28 billion yuan, an increase of 9.9% over the previous year; the operating income was 1265.1 billion yuan, an increase of 10.3% over the previous year; the gross profit was 100.7 billion yuan, an increase of 12.2% over the previous year; the company completed investment of 404.9 billion yuan, a decrease of 8.7% over the previous year. Accounts receivable increased by 29.8 billion yuan this year, mainly due to the increase in the overall scale of business and the increase in the volume of accounts receivable.
CSCEC has a number of subsidiaries. The highest net profit generated by these subsidiaries in 2022 is China Shipping Group, with a net profit of 26.4 billion yuan, and its main business is investment holding. The second is China Overseas Development, with a net profit of 18.46 billion yuan, and its main business is real estate development and operation.