Core ideas:

In 2021, Jinhui Holdings became a rare all-green enterprise with three red lines in the industry, with strong debt-paying ability as a whole. in the downward market, the company adhered to the two strategies of core city layout and regional continuous ploughing, which brought stable growth to the company's performance, while the low market position provided a guarantee for the company to improve its profitability in the future.

First, sales and investment layout match, firmly ploughing the core city in 2021, Jinhui Holdings achieved a sales amount of 94.72 billion yuan and a sales area of 5.79 million square meters, which is the company's layout of the core city and actively participate in the feedback brought by deep ploughing. According to the sales distribution, the company's sales in Hangzhou exceeded 10 billion yuan, reaching 10.31 billion yuan, while Suzhou and Chongqing also maintained an excellent level of 99.6 yuan and 9.34 billion yuan respectively. The company adheres to two strategies in its sales strategy: first, attach importance to the layout of core cities; second, adhere to the concept of regional deep ploughing.

Second, revenue will achieve high-quality growth. Gao Jinhui Holdings' business income is expected to grow by 14.8% compared with the same period last year in 2020, reaching 40.02 billion yuan, driving the net profit to 3.69 billion yuan, and the return net profit to 3.27 billion yuan, an increase of 4.7% over the same period last year. From the perspective of the company's income structure, the residential business is Jinhui's main source of income, reaching 38.31 billion yuan, an increase of 21.0% over the same period last year. In addition to steady performance growth, the company's profit margin level also maintains a relatively stable level. The land-to-cargo ratio of the new land reserve in 2021 is 0.4, which is conducive to ensuring the future profit margin growth of the company's projects.

Third, the three red lines are all green, and the rating agencies are looking forward to stability.

Solvency is the company's biggest bright spot. By the end of 2021, the three red lines of Jinhui Holdings were all in the green category, with a net debt ratio of 88.0%, an asset-liability ratio of 68.5% excluding accounts received in advance, and a cash-to-debt ratio of 1.2 times. The average financing cost of Jinhui Holdings fell 0.89 percentage points to 6.58 per cent from 7.47 per cent in 2020. Good solvency not only makes the company's borrowing costs down, but also allows the company to get a better rating. S & P gives the "B+" subject credit rating; Moody's Corporation gives the "B1" credit rating; Fitch Jinhui "B+" credit rating.