Greentown China : 2021 Annual Results Announcement

Greentown China Holdings Limited

绿城中国控股有限公司

(Stock code:03900)

2021

ANNUAL RESULTS ANNOUNCEMENT

MARCH 2022

Contents

Operational Review

Financial Highlights

································ 2

····························· 22

Outlook ··················································· 31

Appendix ·················································38

1

Operational

Review

2021 Results Highlights

Structural optimization &

robust operation

Exceeds

2021 Target

"Strategic 2025" Plan

Off to a good start

Net Gearing

Ratio

52.0%

11.8pps

Funding Cost

4.6%

30bps

Cash and

Bank Balances

RMB71.5 bn

RMB6.3bn

Cash / ST Debt

2.2x

2020: 2.0x

Revenue

RMB100.2 bn

52.4%

Increased earnings & constant improvement

Core Net Profit

EPS

Unbooked Sales

RMB5.765 bn	RMB1.31	RMB330.8 bn
44.4%	24.8%	RMB77.6bn

3

2021 Results Highlights

Exceeds

2021 Target

"Strategic 2025" Plan

Off to a good start

Top 10 in terms of sales sale	Precise land investment
• Total contracted sales amounted to	• Newly-added land bank: RMB313.7 bn, 34% via M&As
RMB350.9 bn, up 21% YoY	• RMB84.9 bn saleable value from featured investment
• Ranked 7th in the PRC1	• Urban renewal implemented in Shenzhen & Shanghai
• Ranked 1st among top 10 developers by	• Total land bank: RMB948.8 bn, up 18% from end-2020
growth rate	• Land bank in tier 1 & 2 cities accounted for 74% of the total
• Cash collection rate reached 106%

Longstanding leadership in products & services

• No.1 in "Outstanding Product Quality" in Chinese Real Estate
• Ranked 1st across 14 cities in "Chinese Urban Residents' Satisfaction" survey
• Nearly 100 product awards including the MUSE Design Awards from the US, I-ding International Design Award, Luban Award & Tien-yow Jeme Civil Engineering Prize

Note: 1) CRIC, China Index Academy and EH Consulting	4