Development Projects and Land Reserves - As of June 30, 2023, the Group has delivered development projects with an accumulated gross floor area (GFA) of approximately 1.76 million square meters and owns 179 projects under development, with a total GFA under development of approximately 25.45 million square meters[17]. - The Group has land reserves GFA of approximately 42.70 million square meters, including beneficially interested GFA of approximately 31.75 million square meters[17]. - The total construction area of ongoing projects is approximately 25.45 million square meters, with land reserves of about 42.7 million square meters, of which the attributable area is approximately 31.75 million square meters[19]. - As of June 30, 2023, the company has 179 ongoing projects[19]. - The total GFA under development across various projects amounts to 25,452,041 sq.m.[147]. Corporate Mission and Philosophy - The Group's corporate mission is to provide quality living standards for the people in Henan, focusing on serialization, standardization, and housing industrialization[15]. - The Group emphasizes a philosophy of providing customers with zero-defect products and first-rated services, applying scientific decision-making and management standardization[15]. - The Group's core value is "Taking Root in Central China and Contributing to Society," guiding its operations and community contributions[12]. - The company's corporate philosophy emphasizes "guaranteeing delivery and stabilizing people's livelihood" amid challenging market conditions[34]. Financial Performance - The company's sales for the first half of 2023 amounted to RMB 10,025 million, representing a decrease of 28.6% year-on-year[29]. - The company recognized a loss of approximately RMB 1,200 million in the first half of 2023[29]. - For the six months ended 30 June 2023, the Group achieved total revenue of approximately RMB8,074 million, representing a 10.6% increase compared to RMB7,301 million for the same period in 2022[55]. - Gross profit for the same period was approximately RMB1,056 million, a significant increase of 90.5% from RMB554 million in 2022, resulting in a gross profit margin of 13.1%[55]. - The net loss attributable to equity shareholders decreased by 78.7% to approximately RMB1,192 million, compared to RMB5,605 million in the previous year[62]. Market Conditions and Government Support - The domestic tourism project "Unique Henan Land of Dramas" attracted over 5 million visitors in the first half of the year, marking a 300% increase year-on-year[35]. - The real estate market recovery in the first half of 2023 fell short of expectations, but more supportive policies are anticipated in the second half[41]. - The Henan provincial government has provided strong support to the company, facilitating the smooth commencement of construction projects[36]. - Zhengzhou City announced 15 specific measures on August 3 to support the stable and healthy development of the real estate market[44]. Strategic Focus and Future Outlook - The Group aims to transform into a new lifestyle services provider by coordinating resources in property, hotel, and cultural tourism[15]. - The company plans to focus on "guaranteeing delivery and operation" while optimizing costs and improving profits to achieve strategic goals[42]. - The company anticipates further government policies in the second half of 2023 to stimulate the economy, focusing on consumption, infrastructure, and stabilizing the real estate market[119]. - The company aims to enhance organizational efficiency by optimizing its structure based on current market conditions[47]. Project Development and Residential Focus - The company is focusing on improving market expectations and supporting rigid and improved housing demand to promote healthy residential consumption[125]. - The company is adhering to a sales-based production strategy to ensure alignment among supply, sales, and inventory[132]. - The company has a significant focus on residential properties, with the majority of its ongoing projects categorized as such[139]. - The total GFA of residential projects under development is approximately 25,452,000 sq.m.[135]. Hotel Development and Expansion - The company has invested a total of RMB 4.96 billion in hotel projects, with 16 hotels established in Henan[153]. - The company is constructing an additional five self-branded hotels, further expanding its presence in the hotel sector[154]. - The hotels provide various amenities including conference centers, dining options, and leisure facilities to enhance guest experience[173]. - The company aims to expand its hotel portfolio with unique themes and cultural integration to attract diverse customer segments[186].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （股份代號：����） 2023 6 30 截至 年 月 日止六個月中期業績公告 財務摘要 • 2023 6 30 80.74 2022 截至 年 月 日止六個月，收益為約人民幣 億元，較 同期增加 10.6% 。 • 10.56 2022 90.5% 期內毛利為約人民幣 億元，較 同期增加 。 • 13.1% 2022 7.6% 5.5 期內毛利率為 ，較 同期的 增加 個百分點。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （股份代號：����） 2022 有關 年年報之補充公告 * 2022 12 31 茲提述建業地產股份有限公司 （「本公司」）截至 年 月 日止年度的年報 2022 2022 （「 年年報」）。除非另有界定，否則本公告所用詞彙與 年年報所界定者具有 2022 相同涵義。除載於 年年報的董事會報告「股份獎勵計劃」一節及綜合財務報表附 30 17.09(3) 註 項下的披露外，本公司謹根據上市規則第 條的規定，就本公司的股份獎 勵計劃提供以下補充資料： 2022 118,664,010 ...

Company Overview - Central China Real Estate Limited (CCRE) was incorporated on November 15, 2007, and listed on the Hong Kong Stock Exchange on June 6, 2008[12]. - As of December 31, 2022, the company had 3,039,126,090 shares outstanding with a nominal value of HK$0.10 per share[10]. - On July 21, 2022, Henan Railway Construction & Investment Group acquired 29.01% of CCRE's issued shares, becoming the second largest shareholder[12]. - CCRE has been committed to the real estate business and the development of branded properties as its principal activity for over 31 years[13]. - The registered office is located in Grand Cayman, while the principal place of business in the PRC is in Zhengzhou City, Henan Province[6]. Financial Performance - The company reported a loss attributable to equity holders of RMB 7.8 billion for the year 2022, with nearly 80% of losses arising from non-operating factors such as inventory write-downs and disposals of loss-making subsidiaries[35][38]. - In 2022, the company recorded a revenue of RMB 24,082 million, a decrease of 42.6% compared to RMB 41,959 million in 2021[67]. - The gross profit for 2022 was RMB 1,901 million, down 72.1% from RMB 6,811 million in 2021, resulting in a gross profit margin of 7.9%[67]. - The net loss attributable to equity shareholders for 2022 was approximately RMB 7,561 million, compared to a profit of RMB 605 million in 2021[72]. - The total assets of the company as of December 31, 2022, were RMB 138,957 million, a decrease of 4.7% from RMB 145,807 million in 2021[67]. - The total equity attributable to equity shareholders decreased by 73.9% to RMB 3,328 million as of December 31, 2022, from RMB 12,743 million in 2021[67]. Market Conditions - The real estate industry faced significant challenges in 2022, with key operating data such as sales and investment continuing to decline year-on-year[34]. - The GDP of Henan province reached RMB 6.13 trillion in 2022, representing a year-on-year increase of 3.1%, providing a solid foundation for economic contributions[30]. - The property market in China saw a significant decline in 2022, with the gross floor area of properties sold decreasing by 24.3% to 1,358.37 million sq.m., and property sales dropping by 26.7% to RMB 13,330.8 billion[127][129]. - The company's outlook for 2023 indicates a belief that the property market has bottomed out, with expectations for gradual recovery and continued government support for the industry[131][132]. Strategic Focus - The company has identified a strategic focus on high-end and high-medium end product lines, including "Modern Wisdom" and "Oriental Elegance," to enhance customer experience[17]. - The company aims to construct a "Jianye+" mega service eco-regime by integrating resources across property, education, hotel, commerce, and cultural tourism[17]. - The company plans to continue focusing on construction and delivery to secure market confidence and promote sales and cash collection in 2023[54]. - The company has implemented a business strategy of "focused management, collective breakthrough" to overcome existing challenges and enhance operational efficiency[52]. Project Development - As of December 31, 2022, the company delivered development projects with an accumulated gross floor area (GFA) of approximately 56.64 million square meters and owned 184 projects under development, totaling a GFA of approximately 28.33 million square meters[22]. - The company delivered a total of 63 projects with a total GFA of approximately 5.74 million square meters in 2022, stabilizing market confidence and laying a foundation for sales and cash collection[45]. - The company has a total of 3,200,000 sq.m. of residential properties under development across various cities, including Hebi, Xinxiang, and Puyang[159]. - The company is expanding its presence in Hainan with 3 projects currently under development[151]. Employee and Corporate Culture - As of December 31, 2022, the company had 2,188 employees, a decrease from 2,976 in 2021, with a remuneration policy in place to reward performance[121][124]. - The company emphasizes a corporate culture of honesty, responsibility, and integrity, aiming for a high level of integration between economic and social benefits[22]. Hotel Operations - Total investment in hotels reached RMB 4.94 billion, with 16 hotels invested in Henan[179]. - Five high-end hotel projects in operation include Le Méridien Zhengzhou, Pullman Kaifeng Jianye, Holiday Inn Nanyang, Four Points by Sheraton Luohe, and Aloft Zhengzhou Shangjie, opened between 2011 and 2015[179]. - The hotels are strategically located near major transportation hubs, enhancing accessibility for guests[182]. Challenges and Risks - The company does not currently use derivatives to hedge against interest rate risk, which may increase costs due to floating interest rates on a portion of its loans[120][123]. - Foreign exchange risk is present due to non-RMB assets and liabilities, with the company monitoring exposure and considering hedging instruments as necessary[119][122].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （股份代號：����） 2022 12 31 截至 年 月 日止年度的年度業績公告 財務摘要 • 2022 12 31 240.83 2021 截至 年 月 日止年度，收益約為人民幣 億元，較 年下跌約 42.6% 。 • 7.9% 2021 8.3 年度毛利率為 ，較 年下跌 個百分點。 • 78.19 2021 12.53 年度虧損約為人民幣 億元（ 年：年度溢利約人民幣 億元）。 ...

Financial Results - Central China Real Estate Limited announced its audited interim results for the six months ended June 30, 2022[2]. - The independent auditor, KPMG, conducted the audit according to Hong Kong auditing standards, confirming no adjustments or discrepancies from the unaudited figures previously reported[3]. Governance Structure - The board of directors consists of seven members, including executive and non-executive directors, ensuring a diverse governance structure[4].

Financial Performance - The company reported a total revenue of HK$2.5 billion for the first half of 2022, representing a decrease of 15% compared to the same period in 2021[14]. - The gross profit margin for the first half of 2022 was 25%, down from 30% in the previous year[14]. - The net profit attributable to shareholders for the first half of 2022 was HK$300 million, a decline of 25% compared to HK$400 million in the same period last year[14]. - Revenue for the period ended June 30, 2022, was RMB 7,300,552, a decrease of 64.1% compared to RMB 20,356,906 in the same period of 2021[68]. - Gross profit for the same period was RMB 553,955, down 84.8% from RMB 3,637,804 in 2021, resulting in a gross profit margin of 7.6%[68]. - The company recorded a net loss of RMB 5,941,484, with a net loss margin of 24.8%, marking the first loss in its 30-year history[68]. - The Group's contracted sales of heavy assets amounted to approximately RMB14,040 million for the six months ended 30 June 2022, representing a period-on-period decrease of approximately 54.8%[74]. - The Group's revenue decreased by 64.1% from approximately RMB20,357 million for the six months ended 30 June 2021 to approximately RMB7,301 million for the six months ended 30 June 2022[78]. - The Group's income tax decreased by 76.5% from approximately RMB1,039 million for the six months ended 30 June 2021 to approximately RMB245 million for the six months ended 30 June 2022[106]. - Loss for the period amounted to approximately RMB5,941 million for the six months ended 30 June 2022, compared to a profit of RMB1,025 million for the same period in 2021[106]. Market Conditions - The real estate industry faced unprecedented difficulties, with the TOP100 real estate companies experiencing a period-on-period decline of approximately 50% in sales for the first half of the year[29]. - The area of properties sold in China in the first half of 2022 was 689.23 million sq.m., representing a year-on-year decrease of 22.2%[127]. - Property sales in China amounted to RMB 6,607.2 billion in the first half of 2022, reflecting a year-on-year decrease of 28.9%[127]. - The real estate market in the second half of 2022 is expected to face challenges, with recovery dependent on macroeconomic conditions and policy effectiveness[139]. - High-quality leading real estate enterprises are anticipated to seek additional land storage opportunities in the second half of 2022, driving industry performance recovery[140]. - The overall market for real estate is expected to gradually improve in the second half of the year due to policy support and economic recovery[142]. - The real estate market is facing challenges, but there is a gradual recovery in purchasing confidence among consumers[142]. Development and Expansion Plans - The company has a land bank of approximately 10 million square meters, which is sufficient to support its development plans for the next three to five years[14]. - The company plans to launch new projects in Zhengzhou and Luoyang, aiming to increase sales by 10% in the second half of 2022[14]. - The company aims to expand its market presence in the Greater Bay Area, targeting a 15% increase in market share by 2025[14]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the real estate market[14]. - The company is committed to transforming into a new lifestyle services provider by constructing a "Jianye+" mega service eco-regime, integrating various resources[21]. - The company is focusing on maintaining a safe and reasonable inventory structure while ensuring supply matches sales[149]. - The company is strategically positioned to capitalize on market trends with a diverse portfolio of residential and commercial properties across central China[158]. Project Deliveries and Performance - The Company delivered 5,000 units in the first half of 2022, a decrease of 20% year-on-year[14]. - The Company completed the delivery of a total of 11,457 properties in 31 batches, maintaining a strong market reputation[42]. - The company delivered a total of 31 projects with a Gross Floor Area (GFA) of approximately 1,774,000 sq.m. as of June 30, 2022[190]. - The company has ongoing projects in Zhumadian, including Zhumadian Chinoiserie Palace with a development area of 601,382 sq.m. and Zhumadian Spring Time with 445,361 sq.m.[179]. - The company is expanding its residential offerings with multiple projects in Xinyang, including Xinyang Mansion with 365,110 sq.m. and Huangchuan Huangguo Palace with 173,542 sq.m.[182]. Financial Health and Liabilities - Total cash as of June 30, 2022, was RMB 6,507,826, a decrease of 33.9% from RMB 9,847,808 at the end of 2021[70]. - Total liabilities increased to RMB 139,672,708, up 5.0% from RMB 133,063,331 at the end of 2021[70]. - Net borrowings rose to RMB 19,282,327, reflecting a significant increase of 59.5% from RMB 12,092,205[70]. - The current ratio decreased to 100.4%, down from 104.6%[70]. - The net gearing ratio surged to 315.6%, compared to 94.9% at the end of 2021, indicating increased financial leverage[70]. - Equity attributable to equity shareholders decreased to RMB 1.12 per share, down 64.4% from RMB 3.15[70]. Strategic Initiatives - The company is focusing on enhancing its digital marketing strategies to attract younger buyers, with a target of increasing online sales by 30%[14]. - The company has allocated HK$500 million for research and development of new sustainable building technologies over the next two years[14]. - The integration with Henan Railway Construction Investment Group is expected to enhance resource synergy and cooperation in various segments[54]. - The Company aims to ensure high standards and timely delivery of properties, which is crucial for maintaining brand reputation and supporting livelihoods[53]. - The Company expressed commitment to long-term value creation despite facing significant industry challenges and a difficult operational environment[62].

Financial Performance - The company reported a total revenue of HK$2.5 billion for the interim period, representing a year-on-year increase of 15%[10]. - The company reported a net profit of HK$600 million, reflecting a 12% increase year-on-year[10]. - Revenue increased by 56.4% to approximately RMB20,357 million for the six months ended June 30, 2021, compared to RMB13,019 million for the same period in 2020[83]. - Profit attributable to equity shareholders was approximately RMB729,124 thousand, reflecting a slight year-on-year increase of 0.3%[1]. - The company achieved a sales amount of RMB31,100 million, representing a year-on-year increase of 3.5%, and a sales GFA of 4,051,524 sq.m., representing a year-on-year increase of 9.9%[32]. - The company has set a target of achieving a revenue growth of 10% for the next fiscal year[12]. - The company reported a diverse portfolio of residential projects, with GFA ranging from 19,966 sq.m. in Chengmai to 457,856 sq.m. in Jiyuan[181]. Sales and Market Activity - The number of residential units sold during the period reached 5,000, a 20% increase compared to the previous year[10]. - The total sales area reached 4,051,524 square meters, with a year-on-year growth of 9.9%[35]. - Contracted sales for the first half of 2021 amounted to RMB 31,053 million, representing a 3% increase compared to RMB 30,016 million in the same period of 2020[153]. - The company has launched the Great Central China strategy, expanding its business coverage within a radius of 500 kilometers from Zhengzhou[16]. - The company aims to enhance its urban complex development strategy by integrating education and commercial services into its projects[12]. Investment and Development - The company is investing HK$500 million in technology development to enhance property management services[12]. - The company has expanded its footprint by acquiring two land parcels in Zhengzhou, expected to contribute an additional HK$1 billion in revenue[12]. - The Company newly acquired land reserves with a total GFA of approximately 6.63 million sq.m. during the reporting period[33]. - The company is developing multiple residential projects across various cities, with a total GFA under development of approximately 3,000,000 sq.m. across various projects[168]. - The company is actively pursuing new strategies for market expansion and product development to enhance its competitive position in the real estate market[165]. Financial Position and Cash Flow - The company has maintained a strong cash position with cash reserves of HK$1.2 billion as of June 30, 2021[10]. - Total cash, including cash equivalents and restricted bank deposits, decreased by 43.8% to RMB16,480,225 thousand as of June 30, 2021[68]. - The Group's net debt ratio was approximately 92.6% as of June 30, 2021, a significant increase from 13.6% in 2020[69]. - The company provided guarantees of approximately RMB 51.8 billion for mortgage loans to customers purchasing developed properties, an increase from RMB 48.2 billion as of December 31, 2020[124]. Market Trends and Economic Environment - The macroeconomic landscape indicates a steady recovery, but external uncertainties remain high, necessitating continued efforts to stabilize growth[142]. - In the second half of 2021, property market regulation is expected to tighten, with potential increases in mortgage interest rates and further control of the second-hand property market[147]. - The total property sales in China reached RMB 9.3 trillion in the first half of 2021, representing a year-on-year increase of 38.9%[136]. - China's GDP for the first half of 2021 was RMB 53,216.7 billion, with a year-on-year growth of 12.7%[130]. Corporate Social Responsibility - The company donated RMB 5 million in response to recent floods and epidemics, with employees contributing an additional RMB 1.625 million[45]. Hotel Operations - Total investment in hotels has reached RMB 4.85 billion, with 14 hotels invested in Henan[192]. - Five high-end hotel projects in operation include Le Méridien Zhengzhou, Pullman Kaifeng Jianye, Holiday Inn Nanyang, Four Points by Sheraton Luohe, and Aloft Zhengzhou Shangjie, which commenced operations between 2011 and 2015[192]. - The hotel projects are strategically located near major transport hubs, enhancing accessibility for guests[197]. - The company is focused on expanding its hotel portfolio and enhancing brand management capabilities[192].

Company Overview - The company reported a total of 2,779,062,120 shares outstanding as of June 30, 2020, with a nominal value of HK$0.10 per share[11]. - The company is listed on the Main Board of The Stock Exchange of Hong Kong Limited since June 6, 2008[13]. - The company’s headquarters is located in Zhengzhou City, Henan Province, China[7]. - The company has been recognized with the "First Class Honor of Real Estate Developer" in the People's Republic of China[13]. - The company has been committed to the real estate business for over 28 years, focusing on developing branded properties and improving housing standards in Henan Province[14]. Financial Performance - The company achieved an operating income of RMB 30.8 billion, ranking 314th on the Fortune China 500 list for 2020[23]. - Revenue increased by 43.6% to approximately RMB13,019 million for the six months ended June 30, 2020, compared to RMB9,068 million for the same period in 2019[70]. - Gross profit rose by 24.8% to RMB3,088,774 thousand, with a gross profit margin of 23.7%, down from 27.3% in 2019[1]. - Profit attributable to equity shareholders increased by 10.5% to RMB726,982 thousand, with a profit margin of 6.0%, down from 8.5% in 2019[1]. - Total cash, including cash equivalents and restricted bank deposits, amounted to approximately RMB31,769,860 thousand, a 33.4% increase from RMB23,817,117 thousand in 2019[58]. - Total assets grew by 35.8% to RMB164,165,571 thousand, while total liabilities increased by 37.2% to RMB151,077,683 thousand[58]. - Net borrowings reached approximately RMB10,058,197 thousand, with a net gearing ratio of 76.9%[61]. - The company's credit rating was upgraded from AA to AA+ with a stable outlook, enhancing its ability to utilize debt financing instruments[22]. Real Estate Development - The company has developed several housing complexes, including "Forest Peninsula" and "U-Town," enhancing residential living standards in various cities[15]. - As of June 30, 2020, the company delivered development projects with a total gross floor area (GFA) of approximately 38.83 million sq.m., with 172 projects under development and a total GFA under development of approximately 32.48 million sq.m.[20]. - The company has a land reserve with a GFA of approximately 52.65 million sq.m., including beneficially interested GFA of approximately 40.31 million sq.m.[20]. - The company remains committed to contributing to the development of the real estate industry and the revitalization of the nation[24]. - The company has entered into contracts for 209 light-asset model projects, with expected total GFA of approximately 29.30 million sq.m., generating revenue of approximately RMB462 million, a year-on-year increase of 14.3%[63]. Market Conditions - Investment in real estate development in China amounted to RMB 6.278 trillion in the first half of 2020, representing an increase of 1.9% year-on-year[32]. - The sales of commercial housing amounted to RMB 6.6895 trillion, reflecting a year-on-year decline of 5.4%[32]. - The GDP of Henan Province reached RMB 2.560846 trillion, with a growth of 6.4 percentage points over the first quarter, outpacing the national GDP growth by 1.3 percentage points[33]. - The permanent resident population urbanization rate in Henan Province increased at a rate of approximately 1.5% per annum since surpassing 50% in 2017[34]. - The overall economic growth pressure remains significant due to uncertainties from the pandemic and international trade issues, but the financial environment is expected to remain relatively loose[128]. Sales and Contracts - The company achieved sales of RMB30.016 billion in the first half of 2020, representing an increase of 8.5% compared to the same period last year[38]. - Total sales, including light asset business, reached RMB42.951 billion, also an 8.5% increase year-on-year, making the company the "Double Champion" in the Henan real estate market in terms of cash flow and sales GFA[38]. - As of June 30, 2020, unrecognized contracted sales amounted to approximately RMB76,273 million, expected to be recognized as revenue in the next two to three years[68]. - Contracted sales amounted to RMB42,951 million for the six months ended June 30, 2020, representing a year-on-year increase of approximately 8.5%[60]. - The contracted sales of heavy assets reached RMB 30,016 million, representing a year-on-year increase of 8.5%, while the contracted GFA of heavy assets decreased by 3.6% year-on-year to approximately 3,687,400 sq.m.[135]. Project Development and Strategy - The company has initiated new strategies for market expansion, particularly in Henan Province, where 146 projects are located[143]. - The company is actively pursuing new residential developments across various cities, with a total GFA exceeding 5 million sq.m. across all mentioned projects[148]. - The company is focusing on residential developments, with the majority of projects categorized as residential, indicating a strategic emphasis on this market segment[146]. - The company is committed to maintaining a robust development pipeline to support long-term growth and profitability in the competitive real estate market[148]. - The company plans to continue supporting the development of the central city of Zhengzhou and the metropolitan areas of Zhengzhou and Luoyang[131]. Hospitality Sector - The company has invested a total of RMB 4.42 billion in hotel projects, with plans to increase the number of hotels in Henan to 14 within the next 3-5 years[161]. - The hotel portfolio includes five high-end projects currently in operation, such as Le Méridien Zhengzhou and Holiday Inn Nanyang, which opened between 2011 and 2019[161]. - The company has established strategic partnerships with international hotel management groups, including Marriott and InterContinental, to enhance its service offerings[161]. - The hotels are strategically located within 10 minutes' drive from major transport hubs, enhancing accessibility for guests[179][183]. - Unique Theatre Hotel integrates drama elements into its design, providing a diversified stay experience with facilities for dining, meetings, and leisure[197].

Company Overview - As of June 30, 2019, the company has delivered a cumulative development area of approximately 32.53 million square meters across 18 prefecture-level cities and 77 county-level cities in Henan Province[13]. - The company has 127 ongoing projects with a total construction area of approximately 26.55 million square meters and land reserves of approximately 47.69 million square meters, of which the attributable construction area is about 37.19 million square meters[13]. - The company ranked 40th in the "2019 China Real Estate Development Enterprises Top 500" and has been the top regional operator for eleven consecutive years[15]. - The company was listed 32nd in the "2019 China Real Estate Listed Companies Comprehensive Strength Top 100" and 4th in the "China Listed Real Estate Companies Operational Performance Ranking" in May 2019[15]. - The company received the "Most Socially Responsible Award" at the "First Greater China Best Listed Company" selection event in May 2019[15]. Financial Performance - In the first half of 2019, the company achieved a sales amount of RMB 27.66 billion, representing a year-on-year growth of 9.2%[19]. - The total revenue for the six months ended June 30, 2019, was RMB 9.07 billion, an increase of 90.1% compared to RMB 4.77 billion in the same period of 2018[27]. - The gross profit for the same period was RMB 2.47 billion, reflecting a 43.9% increase from RMB 1.72 billion in 2018[27]. - The company’s net profit attributable to equity holders was RMB 657.72 million, a 19.6% increase from RMB 550.01 million in the previous year[27]. - The total cash, including cash equivalents and restricted bank deposits, increased by 59.2% to RMB 23.82 billion from RMB 14.96 billion in 2018[28]. - The total assets rose by 57.4% to RMB 120.93 billion, compared to RMB 76.81 billion in 2018[28]. Project Development - The company added approximately 4.52 million square meters of land reserves during the reporting period[19]. - The company signed contracts for 131 light-asset projects, with a total expected construction area of approximately 19.91 million square meters, generating revenue of about RMB 404 million, a year-on-year increase of 62.2%[32]. - A total of 60 projects commenced construction during the reporting period, with a new construction area of 7.22 million square meters, an increase of 28% compared to the same period last year[59]. - The company is expanding its presence in the market with ongoing projects in multiple cities, including 1,634,004 square meters in International City, Zhengzhou[66]. - The company is committed to maintaining a safe and reasonable inventory structure while ensuring steady growth in sales performance[59]. Market Position and Strategy - The company aims to transform from a comprehensive urban development enterprise to a service enterprise focused on new lifestyles for urban residents[12]. - The company aims to enhance its product and service standards while strengthening the "Jianye+" business ecosystem for better synergy[22]. - The company has initiated a light asset operation model to enhance synergy between real estate development and other business sectors[12]. - The company aims to diversify its business by expanding into hotels, cultural tourism, and green bases, enhancing its revenue base and mitigating operational risks[32]. - The company is actively pursuing market expansion strategies, with ongoing projects in multiple cities, including 144,993 square meters in Xinyang Jianye City[68]. Risk Management and Corporate Governance - The company has established a risk management system 2.0 to enhance risk awareness and control throughout the project lifecycle[132]. - The company has a strategic focus on risk management, emphasizing prevention and systematic management to align with its development goals[151]. - The internal control team consists of 11 regional and 3 specialized internal control personnel, ensuring effective execution of risk management strategies[152]. - The company emphasizes continuous improvement in corporate governance and disclosure practices[192]. - The company has complied with all corporate governance codes as per the Stock Exchange Listing Rules, except for a specific provision regarding the attendance of committee chairs at the annual general meeting[192]. Human Resources and Employee Engagement - The employee turnover rate is approximately 6.7%, with a total workforce of 3,401 employees[160]. - The company has implemented a performance-based compensation system to enhance internal competition and maximize employee potential[162]. - The company has established a talent retention strategy to cultivate and retain key personnel for continuous organizational capability enhancement[162]. - The company organized three batches of professional training in the first half of 2019, focusing on tax practices and risk control in real estate[158]. - The company emphasizes sustainable human resource policies, focusing on professional ethics and capabilities as key selection criteria for employees[162]. Future Outlook - The company plans to deliver a total of 41 projects in the second half of 2019, with a total construction area of approximately 3.73 million square meters[145]. - The company aims to enhance profitability in key areas and achieve quality scale growth in the second half of 2019[138]. - The overall economic growth in Henan Province is projected to remain stable, supported by effective investment and consumption measures[135]. - The financing and credit environment is anticipated to tighten slightly in the second half of 2019, emphasizing timely and appropriate measures[136]. - The company expects to maintain a relatively balanced supply and demand in the overall market, achieving stable development[137].