On the evening of March 22, 2024, Sunshine (000608.SZ) released the 2023 annual report.During the company’s period, the operating income was 321 million yuan, and the net profit attributable to the shareholders of listed companies was -230 million yuan, which was narrowed by 38.83%from the same period last year.
The announcement states that the narrowing of losses is mainly due to the loss of changes in the fair value of investment in the investment real estate and the loss of the impairment of long -term equity investment compared with the same period of the previous year.Affected by the continuous impact of the real estate market, the commercial market market was weak and the stock was large. The relatively sluggish transactions caused the market valuation of the long -term holding of sexual properties and equity investment in Sunshine shares, which affected net profit.
As of the end of 2023, the total assets of Sunshine shares were 4.335 billion yuan, total liabilities were 1.417 billion yuan, and the asset -liability ratio was 32.69%, which was far lower than the industry average.Reading the company’s annual report in recent years found that from the end of 2020 to the end of 2023, the scale of interest liabilities has dropped sharply by 43.74%to 688 million yuan, and the debt structure continues to optimize.
Commercial management revenue is 170 million yuan, and the gross profit margin is as high as 68%
In the era of profit on stock, gross profit margin is still an important indicator of the ability to measure commercial real estate enterprises.The core business of Sunshine shares -commercial operation management and property leasing. In 2023, operating income was 170 million yuan, and the gross profit margin was 68%.
In 2023, the overall rental rate of the shopping mall under Sunshine Co., Ltd. reached 98%, and the income of commercial operation management income increased by 42.88%year -on -year. Commercial leasing brought the average rent unit price by 9%through the active adjustment.Hold flat.
In response, Sunshine Co., Ltd. introduced that in 2023, the company focused on the opportunity of gradually recovering consumption, and took the initiative to increase the adjustment of the brand brand of shopping malls.The replacement of over 30 brands is expected to achieve results in early 2024.
After the original 20,000 square meters of the original 20,000 square meters of commercial superpower store withdrawn from the Beijing · Tongzhou Sunshine New Life Plaza, the original site was re -planned and introduced the lifestyle of the lifestyle characteristic neighborhood.Brand, it is estimated that the overall rental income in 2024 will increase by 21%compared to the adjustment before the adjustment;
Chengdu · Sunshine New Industry Center takes full time play consumer experience as the direction. The average annual lease rate of the year has reached 94%in 10 years, and the average daily passenger flow has increased by 14%year -on -year.
Chengdu · Sunshine New Life Plaza has maintained 100%for three consecutive years through a series of measures such as merchant operation assistance, maintaining the “top student” level.
Exploration growth, management territory expands 328,000 square meters in three years
In addition to actively adjusting the rental income of self -operated malls, Sunshine shares are also continuously expanding new projects and expanding management scale.
In October 2023, Sunshine Co., Ltd. completed the acquisition of 56%of Shenyang Sunshine New Life Plaza Co., Ltd., realizing 100%holding, fully taking over the Shenyang · Sunshine New Life Plaza, with a volume of 43,000 square meters, further expanding the company’s self -holding property scale.
On September 8, 2023, with the official opening of KK Time Kyoto Bena time, the total area of Sunshine’s custody business increased to more than 600,000 square meters.
