Zhongxin Finance, March 31 (Reporter Pang Wuji) The China Real Estate TOP10 Research Group of Beijing Zhongzhi Information Technology Research Institute released the "2022 China Top 100 Real Estate Enterprises Research Report" in Beijing on the 31st, stating that the average operating income of the top 100 real estate enterprises in 2021 will reach 49.86 billion yuan, with an average net profit of 5.62 billion yuan, an increase of 19.3% and 0.4% year-on-year respectively, an increase of 1.6 percentage points and a decrease of 1.5 percentage points over the previous year.

　　The research shows that in 2021, the sales of the top 100 real estate companies will increase by 3.9% year-on-year, and the market share will drop slightly to 49.9%.

In the future, stable operation and stable development may be the main theme of the development of real estate enterprises.

　　In 2021, the total sales and sales area of ​​the top 100 real estate companies will reach 9,080.2 billion yuan and 569.43 million square meters respectively, up 3.9% and 1.6% year-on-year.

　　In 2021, second-tier cities will still be the main source of sales for the top 100 real estate companies.

Judging from the sales of key projects of the 50 top 100 representative companies, the first-tier cities are driven by the increase in the supply of new houses, and the market transaction scale has increased due to the strong demand. The proportion of sales increased slightly by 0.2 percentage points to 18.8%; second-tier cities accounted for Compared with 58.2%, it is still the main source of sales; sales in third- and fourth-tier cities account for 23.0%.

　　As the real estate industry enters a stage of accelerated clearance and survival of the fittest, the market share of the top 100 companies has declined slightly. The revenue and net profit of the top 100 companies have maintained a growth trend, but the profit growth has been weak and the growth rate has slowed down.

　　The report pointed out that the steady growth of completion and carry-over led to an increase in operating income and net profit. The average operating income of the top 100 companies reached 49.86 billion yuan, and the average net profit reached 5.62 billion yuan, up 19.3% and 0.4% year-on-year, respectively. In the previous year, it increased by 1.6 and decreased by 1.5 percentage points.

　　Affected by factors such as the COVID-19 epidemic, continuous real estate control policies, and high costs of various types, the average net profit margin and average return on equity of the top 100 companies decreased by 2.2 and 1.8 percentage points respectively compared with the previous year.

The profitability of housing companies has declined.

　　From the perspective of debt level, the debt level of the top 100 companies has been stable with some decline, and the debt structure has been further optimized: after the "three red lines" were proposed, real estate companies actively responded, and reduced the scale of debt by repaying debt in advance and adjusting the debt structure. At present, the average value has been Basic compliance.

　　The report pointed out that in 2021, the average asset-liability ratio and net debt ratio of the top 100 companies excluding accounts received in advance will be 69.5% and 77.1%, respectively, down 0.6 and 3.6 percentage points from the previous year; the cash short-term debt ratio is 1.6, which is higher than the previous year. The annual increase was 0.1, and the overall stability was improving.

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