Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 2,655,992, representing an 18.4% increase from RMB 2,243,158 in 2021[2] - Gross profit for the same period was RMB 1,388,607, up 33.4% from RMB 1,040,658 in 2021[2] - Net profit attributable to shareholders was RMB 744,544, reflecting a 31.7% increase compared to RMB 565,224 in the previous year[2] - Basic earnings per share increased to RMB 0.38, a rise of 31.0% from RMB 0.29 in 2021[2] - The company reported a total comprehensive income of RMB 710,381 for the year, compared to RMB 576,177 in 2021[5] - The company reported a net profit of RMB 735,365,000 for the year, showing a strong performance in operational efficiency[15] - The company's profit before tax for the year ended December 31, 2022, was RMB 924,601,000, an increase of 28% from RMB 722,242,000 in 2021[28] - The company's net profit was RMB 735.4 million, up 28.9% from RMB 570.7 million in 2021, with profit attributable to shareholders increasing by 31.7% to RMB 744.5 million[60] Revenue Breakdown - Revenue from commercial construction services was RMB 1,669,429,000, up from RMB 1,477,635,000 in the previous year, indicating a growth of about 13.0%[13] - Government construction services revenue increased to RMB 781,054,000 from RMB 571,759,000, reflecting a growth of approximately 36.6%[13] - Revenue from commercial construction was RMB 1,669.4 million, accounting for 62.9% of total revenue, with a 13.0% increase from RMB 1,477.6 million in 2021[53] - Government construction revenue reached RMB 781.1 million, representing 29.4% of total revenue, and grew by 36.6% compared to RMB 571.8 million in 2021[53] Project and Construction Metrics - The total construction area of contracted projects reached 101.4 million square meters, a 19.8% increase from 84.7 million square meters in 2021[2] - The area under construction was 47.2 million square meters, up 7.1% from 44.0 million square meters in 2021[2] - The total area of newly contracted projects was 28.2 million square meters, a 23.9% increase from 22.8 million square meters in 2021[2] - The company has a total of 120 major cities in 28 provinces, municipalities, and autonomous regions, with a total contracted project area of 101.4 million square meters, a year-on-year increase of 19.8%[42] - New contract area for projects reached 28.2 million square meters, up approximately 23.9% year-on-year, with government and state-owned enterprises accounting for 76.5% of new projects[43] Cash Flow and Dividends - Cash inflow from operating activities was RMB 724,655, representing a 28.1% increase from RMB 565,656 in 2021[2] - The company proposed a final dividend of RMB 0.30 per share and a special dividend of RMB 0.08 per share, totaling approximately RMB 763,800,000[1] - The company declared a final dividend of RMB 0.30 per share for the year ended December 31, 2022, up from RMB 0.20 per share in 2021, totaling approximately RMB 763,800,000[29] - The company anticipates that the proposed dividends will be paid to shareholders by July 28, 2023, pending approval at the upcoming annual general meeting[37] Assets and Liabilities - The total assets of the group are located in China, with no significant assets reported outside the domestic market[14] - Trade receivables, net of credit loss provisions, increased to RMB 189,232,000 in 2022 from RMB 125,536,000 in 2021[32] - The company's intangible assets, primarily from project management contracts, had a carrying value of RMB 412,354,000 as of December 31, 2022[31] - The total trade and other payables increased to RMB 1,173,275,000 in 2022 from RMB 943,066,000 in 2021[34] - The company reported a significant increase in contract assets, net of credit loss provisions, to RMB 573,892,000 in 2022 from RMB 482,412,000 in 2021[36] - As of December 31, 2022, trade and other receivables reached RMB 823.9 million, an increase of 10.0% compared to RMB 748.8 million at the end of 2021[61] - Contract assets amounted to RMB 573.9 million as of December 31, 2022, reflecting a 19.0% increase from RMB 482.4 million at the end of 2021, driven by the company's expanded operational scale[62] - Trade and other payables increased by 24.4% to RMB 1,173.3 million as of December 31, 2022, up from RMB 943.1 million at the end of 2021, primarily due to increased project deposits and payable salaries[63] Operational Efficiency and Market Strategy - The company is focusing on enhancing its business model and optimizing customer structure in response to the evolving real estate market dynamics[38] - The company plans to continue expanding its government and commercial construction services, leveraging its first-mover advantage and national presence[38] - The company aims to expand its light-asset alliance membership and promote industry standards to drive new development models in the real estate sector[47] - The company has maintained a debt-free status with sufficient cash flow, reporting a net cash flow from operating activities of RMB 724.7 million[39] Corporate Governance and Compliance - The company has adopted corporate governance principles to ensure high standards of ethics, transparency, and accountability in its operations[69] - The audit committee has been established, consisting of three independent non-executive directors, and has reviewed the group's annual performance for the year ended December 31, 2022[75] - Deloitte has verified the financial statements for the year ended December 31, 2022, but did not provide any assurance or conclusion on the preliminary announcement[76] - No significant events occurred after December 31, 2022, up to the date of this announcement[77] - The annual report for the year ended December 31, 2022, will be sent to shareholders and published on the stock exchange and the company's website[77] - The company expresses gratitude to shareholders, customers, suppliers, banks, professional advisors, and employees for their continued support[78]

Financial Performance - The company's revenue reached RMB 1,258.5 million, a 16.4% increase from RMB 1,080.8 million in the same period last year[12]. - Gross profit amounted to RMB 634.7 million, up 23.7% from RMB 513.1 million year-on-year, with a gross margin of 50.4%, an increase of 2.9 percentage points from 47.5%[12]. - Net profit attributable to shareholders was RMB 360.8 million, representing a 33.4% growth compared to RMB 270.4 million in the previous year[12]. - The company reported a net cash flow from operating activities of RMB 363.3 million, maintaining a debt-free status with sufficient cash flow[12]. - Revenue for the six months ended June 30, 2022, was RMB 1,258,509 thousand, an increase from RMB 1,080,769 thousand in the same period of 2021, representing a growth of approximately 16.5%[76]. - Gross profit for the same period was RMB 634,707 thousand, compared to RMB 513,116 thousand in 2021, reflecting a year-on-year increase of about 23.6%[76]. - Profit before tax increased to RMB 466,831 thousand, up from RMB 345,081 thousand in the previous year, marking a growth of approximately 35.2%[76]. - Net profit for the period was RMB 365,699 thousand, compared to RMB 275,965 thousand in 2021, indicating an increase of around 32.5%[76]. - Total comprehensive income for the period was RMB 365,641 thousand, up from RMB 280,429 thousand in the same period last year, representing a growth of approximately 30.4%[76]. Market Position and Operations - The company operates 390 construction projects across 107 cities in 28 provinces and municipalities in China as of June 30, 2022[3]. - The company maintained a market share of over 20% in the real estate light asset development sector for six consecutive years, with a total of 390 construction projects across 107 major cities in China as of June 30, 2022[19]. - The total contracted construction area for new projects reached 13.2 million square meters, a year-on-year increase of approximately 9.9%, with government and state-owned enterprises accounting for about 70% of the new contracts[21]. - The estimated total saleable value of contracted projects reached RMB 440 billion, accounting for 75.1% of the overall saleable value, with the Yangtze River Delta economic zone contributing RMB 186.5 billion or 31.9%[19]. - The company has over 1,200 qualified suppliers, which strengthens its supply chain and value creation capabilities[6]. Strategic Initiatives - The company aims to provide professional development and consulting services to financial institutions and asset management companies amid the rising volume of distressed assets in the real estate sector[15]. - The company continues to enhance its "3+3" business model, integrating financial services, urban services, and industrial chain services into its core construction management operations[12]. - The company has been recognized as a leading enterprise in the construction management sector, receiving accolades from the China Real Estate TOP10 Research Group[3]. - The company completed the acquisition of Zhejiang Shangle Construction Management Co., enhancing its core capabilities and achieving initial operational targets[23]. - The company has implemented a new stock incentive plan to align management's interests with long-term business development, enhancing operational quality and performance[24]. Financial Health and Cash Flow - The company had cash and bank deposits of RMB 1,739.4 million as of June 30, 2022, with a current ratio of 1.68 and a leverage ratio of 1.17%[40]. - The net cash generated from operating activities for the six months ended June 30, 2022, was RMB 363,255 thousand, an increase from RMB 258,567 thousand in the same period of 2021, reflecting a growth of approximately 40.5%[80]. - The company experienced a net cash outflow from investing activities of RMB 367,491 thousand for the six months ended June 30, 2022, compared to RMB 481,674 thousand for the same period in 2021, showing an improvement in cash flow management[80]. - The company reported a decrease in trade and other receivables by RMB 4,475 thousand during the reporting period[80]. - The company’s cash and cash equivalents at the end of the reporting period were RMB 1,549,430 thousand, compared to RMB 1,576,469 thousand at the beginning of the period[79]. Shareholder and Governance - The major shareholder, Greentown China, holds a beneficial interest of 1,432,660,000 shares, representing 71.28% of the company's equity[59]. - The company adheres to strict corporate governance principles to ensure high ethical standards and compliance with applicable laws and regulations[47]. - The board has resolved not to declare any interim dividends for the six months ended June 30, 2022[70]. - The company’s remuneration policy includes basic salary, allowances, bonuses, and share reward plans, reflecting market standards and individual performance[43]. - The company has adopted two share incentive plans: the 2020 Share Incentive Plan and the 2022 Share Incentive Plan, with a total of 52,024,000 shares proposed to be granted to participants, subject to shareholder approval[62]. Related Party Transactions - The total revenue from related party transactions for the six months ended June 30, 2022, was RMB 131,174,000, compared to RMB 105,746,000 for the same period in 2021, representing an increase of approximately 24%[146]. - The revenue from Wenzhou Greentown Leju Project Management Co., Ltd. was RMB 38,709,000, up from RMB 22,040,000 in the previous year, indicating a growth of about 75%[146]. - The company recognized interest income from related party loans amounting to RMB 377,000 during the current period[151]. - Consulting and other service income from related parties totaled RMB 256,997,000, compared to RMB 283,391,000 in the same period last year, reflecting a decrease of approximately 9%[154]. Acquisitions and Investments - The company acquired a 60% stake in Green City Entropy for a cash consideration of RMB 427,093,000 on January 27, 2022[138]. - The maximum contingent consideration related to the acquisition of Green City Entropy is RMB 200,000,000, based on adjusted service fees from new project management[138]. - The goodwill arising from the acquisition of Green City Entropy was RMB 427,093,000, reflecting the value of associated employees and potential contracts[143]. - The cash outflow for the acquisition of Green City Entropy was RMB 400,000,000, with a net cash inflow of RMB 212,520,000 after considering cash acquired[142]. Employee and Management Compensation - The company’s total employee costs, including director remuneration, amounted to RMB 449,576,000, compared to RMB 393,880,000 in the same period of 2021, representing an increase of approximately 14.2%[100]. - The performance bonus for key management personnel increased to RMB 2,550,000 from RMB 2,280,000 in the previous period, reflecting a growth of 11.8%[173]. - The total compensation for directors and key management personnel reached RMB 17,917,000, up from RMB 15,819,000, indicating a year-on-year increase of 13.2%[173].

Financial Performance - Total revenue for 2021 reached RMB 2,243,158 thousand, representing a 23.7% increase from RMB 1,812,975 thousand in 2020[14]. - Profit before tax for 2021 was RMB 722,242 thousand, up 37.5% from RMB 524,934 thousand in 2020[14]. - Net profit attributable to shareholders for 2021 was RMB 565,224 thousand, an increase of 28.6% compared to RMB 439,325 thousand in 2020[14]. - The gross profit for the period was RMB 1,040.7 million, a 20.2% increase from RMB 865.8 million in 2020, with a gross margin of 46.4%[34]. - The company reported a net profit from continuing operations of RMB 570.7 million, a 40.0% increase from RMB 407.5 million in 2020, with net profit attributable to shareholders rising by 31.9% to RMB 565.2 million[40]. - Total comprehensive income for the year reached RMB 576,177 thousand, up from RMB 416,928 thousand in 2020, representing an increase of 38.2%[154]. Assets and Liabilities - Total assets as of December 31, 2021, amounted to RMB 5,244,163 thousand, a growth of 10.5% from RMB 4,747,544 thousand in 2020[14]. - Total liabilities increased to RMB 1,872,452 thousand in 2021, up 13.8% from RMB 1,645,335 thousand in 2020[14]. - The company's equity attributable to shareholders reached RMB 3,341,260 thousand, a rise of 8.7% from RMB 3,075,199 thousand in 2020[14]. - Trade and other receivables reached RMB 748.8 million, a 92.8% increase from RMB 388.3 million at the end of 2020[41]. - Current liabilities rose to RMB 1,843,887 thousand from RMB 1,619,491 thousand, reflecting an increase of 13.9%[155]. Construction and Project Management - As of December 31, 2021, the company operated 345 construction projects across 101 cities in 28 provinces and municipalities in China[5]. - The total construction area under management increased to 84.7 million square meters, up 11.3% from the previous year[22]. - The company expanded its new project construction area to 22.8 million square meters, a growth of approximately 21.9% year-on-year[24]. - The estimated total construction fee for new projects reached RMB 7.11 billion, reflecting a year-on-year increase of about 22.3%[24]. - Revenue from construction services recognized for the year ended December 31, 2021, was RMB 2,207,198,000, an increase from RMB 1,773,244,000 in 2020, representing a growth of approximately 24.4%[148]. Strategic Initiatives and Market Position - The company aims to enhance its brand and service quality through customized solutions and high-quality project management[5]. - Future strategies include expanding into new markets and continuing to innovate in construction management practices[5]. - The company has been recognized as a leading enterprise in the real estate construction management sector for six consecutive years from 2017 to 2022[5]. - The company plans to accelerate innovation and capability upgrades while expanding into government, state-owned enterprises, and financial institutions for new business opportunities[15]. - The company expanded its business model by collaborating with various institutions, entering government investment projects and urban renewal projects in the Greater Bay Area[28]. Governance and Management - The management team includes experienced professionals with backgrounds in urban construction and real estate management, enhancing strategic oversight[52]. - The company has established a governance framework that includes regular reviews and updates to ensure compliance with relevant laws and regulations[116]. - The board of directors is responsible for overseeing the group’s business strategies and performance, ensuring effective internal controls and risk management systems[109]. - The company has a strong emphasis on corporate governance, with independent directors providing oversight and strategic input[56]. - The company has complied with the corporate governance code since its listing, including maintaining communication with external auditors[124]. Financial Health and Cash Flow - The company reported a cash flow from operating activities of RMB 565.7 million, indicating sufficient cash flow with no debt[17]. - The company’s cash inflow from the sale of financial assets at fair value through profit or loss was RMB 1,615,420 thousand in 2021, compared to RMB 850,362 thousand in 2020, an increase of 90.0%[162]. - The company’s total cash and cash equivalents at the beginning of 2021 were RMB 2,397,335 thousand, compared to RMB 1,139,162 thousand at the beginning of 2020, an increase of 110.0%[163]. - The company’s cash and cash equivalents decreased to RMB 2,137,648 thousand from RMB 2,397,335 thousand, a decline of 10.8%[155]. - The company maintained goodwill at RMB 769,241 thousand, unchanged from the previous year[155]. Shareholder Returns and Dividends - The company maintained a dividend payout ratio exceeding 65%, providing good economic returns to shareholders[15]. - The company proposed a final dividend of RMB 0.20 per share, equivalent to HKD 0.25, subject to shareholder approval at the upcoming annual general meeting[68]. - The company’s dividend policy is determined at the discretion of the board, based on future operations and financial conditions[96]. Risks and Challenges - The group faces intense competition in the construction management market, which may affect its ability to secure new contracts[99]. - The COVID-19 pandemic has significantly impacted global economic conditions, affecting the group’s business and financial performance, with ongoing monitoring and response measures in place[101]. - The group’s core business relies heavily on the performance of the Chinese real estate market, which has been affected by ongoing regulatory policies since 2021[98]. Audit and Compliance - The financial statements for the year ended December 31, 2021, were audited by Deloitte[105]. - The audit opinion confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2021, in accordance with International Financial Reporting Standards[144]. - The company has established channels for effective communication with investors, promoting transparency and fairness in investor relations[142].

Financial Performance - Total revenue for 2020 was RMB 1,812,975,000, a decrease of 9.06% from RMB 1,993,892,000 in 2019[12] - Profit before tax for 2020 was RMB 524,934,000, slightly down from RMB 538,204,000 in 2019, representing a decrease of 2.5%[12] - Net profit attributable to shareholders for 2020 was RMB 439,325,000, an increase of 35.4% compared to RMB 324,769,000 in 2019[12] - The company's operating revenue for the reporting period was RMB 1,813.0 million, a decrease of 9.1% from RMB 1,993.9 million in the previous year[21] - The gross profit reached RMB 865.8 million, down 1.8% from RMB 881.6 million year-on-year, but the overall gross margin improved to 47.8%, up 3.6 percentage points from 44.2%[21] - The net profit for the period was RMB 412.3 million, an increase of 11.2% from RMB 370.7 million in 2019, with adjusted net profit of RMB 469.0 million compared to RMB 336.4 million in 2019[32] - The profit for the year was RMB 439,325 thousand, a significant increase from a loss of RMB 27,071 thousand in 2019[97] - The total comprehensive income for the year was RMB 416,928 thousand, up from RMB 381,714 thousand in 2019, representing a growth of 9.2%[92] Assets and Liabilities - Total assets as of December 31, 2020, reached RMB 4,747,544,000, up 26.3% from RMB 3,759,707,000 in 2019[12] - Total liabilities decreased to RMB 1,645,335,000 in 2020 from RMB 2,078,518,000 in 2019, a reduction of 20.9%[12] - Net asset value increased to RMB 3,102,209,000 in 2020, up 84.5% from RMB 1,681,189,000 in 2019[12] - As of December 31, 2020, total equity was approximately RMB 3,102.2 million, an increase of about RMB 1,421.0 million from the beginning of the year[33] - Trade and other receivables increased by 24.1% to RMB 388.3 million from RMB 312.8 million in 2019, mainly due to increased receivables from the Asian Games media village project[32] Revenue Breakdown - Revenue from commercial construction was RMB 1,312.5 million, accounting for 72.4% of total revenue, down 10.8% from RMB 1,470.8 million in 2019[26] - Government construction revenue was RMB 309.8 million, representing 17.1% of total revenue, a decline of 13.6% from RMB 358.4 million in 2019[27] - The total construction area of newly contracted projects was 18.7 million square meters, representing a growth of approximately 16.8% year-on-year[21] - The estimated construction fees for newly contracted projects amounted to RMB 5.81 billion, reflecting a year-on-year increase of approximately 22.3%[21] Cash Flow and Financing - The net cash flow from operating activities was RMB 903.3 million, a significant increase of 645.9% compared to RMB 121.1 million in the previous year[22] - The total cash and cash equivalents at the end of 2020 reached RMB 2,397,335,000, compared to RMB 1,139,162,000 at the end of 2019, marking an increase of 110.5%[103] - The financing activities generated a net cash inflow of RMB 485,889,000, down from RMB 727,140,000 in 2019[103] Corporate Governance - The board of directors consists of 7 members, including 2 executive directors, 2 non-executive directors, and 3 independent non-executive directors[67] - The company has complied with the corporate governance code, ensuring high ethical standards, transparency, and accountability[67] - Independent non-executive directors account for one-third of the board, ensuring a balance of power and independent oversight[68] - The company has established a corporate governance committee to assist in developing good governance practices[68] Strategic Initiatives - The company aims to enhance its brand and service quality through customized solutions and high-quality service[7] - The company plans to propose a final dividend of RMB 0.17 per share, subject to approval at the upcoming annual general meeting[18] - The company plans to increase acquisitions of upstream and downstream companies in the industry chain to enhance its business model and revenue streams[24] - The company aims to capture market trends and opportunities to create higher value for shareholders[21] Employee and Management - The total number of employees decreased by 15.5% to 1,531 as of December 31, 2020, primarily due to certain design institutes no longer being included in the reporting scope[61] - The total remuneration for the five highest-paid individuals ranges from HKD 3,000,001 to HKD 13,000,000, with a total of 5 individuals in this category as of December 31, 2020[74] - The total remuneration for directors and the CEO was RMB 19,814 thousand in 2020, an increase from RMB 9,090 thousand in 2019, reflecting a rise of 118.5%[186] Risk Management - The company faces various business risks, including competition and market dynamics, which could impact its financial performance[60] - The company has established a robust internal control and risk management system to monitor operational and financial performance[67] - The board is responsible for maintaining an effective internal control and risk management system to protect the group's assets and shareholders' interests[80] Accounting Policies - The company follows the International Financial Reporting Standards (IFRS) for financial asset classification and measurement, including fair value through profit or loss[148] - The company recognizes revenue when control of goods or services is transferred to customers, either at a point in time or over time based on specific criteria[124] - The company assesses expected credit losses based on historical experience and current economic conditions, updating the expected credit loss amounts at each reporting date[150]

Financial Performance - Total revenue for the first half of 2020 was RMB 814.8 million, a decrease of 21.3% compared to RMB 1,035.6 million in the same period last year[17]. - Gross profit decreased by 26.6% to RMB 339.8 million from RMB 462.9 million year-on-year[17]. - Net profit attributable to shareholders, excluding listing expenses, increased by 4.1% to RMB 163.3 million from RMB 156.9 million in the previous year[17]. - Revenue for the first half of 2020 was RMB 814.8 million, a 21.3% decrease from RMB 1,035.6 million in the same period of 2019, primarily due to delays in commercial construction projects caused by the pandemic[28]. - Net profit for the period was RMB 134.5 million, a decrease of 30.3% from RMB 193.0 million in 2019, while adjusted net profit attributable to shareholders increased by 4.1% to RMB 163.3 million[35]. - Total comprehensive income for the period was RMB 128,765 thousand, down 32.8% from RMB 191,378 thousand in 2019[82]. - The group reported a profit of RMB 153,063 thousand for the period, compared to RMB 214,357 thousand in the same period of 2019, reflecting a decrease of 28.6%[105]. Project Management and Operations - The number of managed projects increased from 245 to 268, with commercial projects accounting for 57.8% and government projects for 42.2%[16]. - The total contracted construction area reached 73.31 million square meters, a growth of 6.9% from 68.59 million square meters year-on-year[16]. - The area under construction increased by 26.2% to 38.82 million square meters from 30.77 million square meters in the previous year[16]. - The company’s project management capabilities improved, leading to a notable increase in the quality of new projects compared to the previous year[16]. - The company is focusing on expanding into higher-tier cities, with a significant adjustment in client structure towards corporate and government clients[16]. - The group resumed all construction projects on February 17, 2020, after the COVID-19 outbreak impacted operations[99]. Revenue Sources - Government construction revenue increased by 20.1% to RMB 187.0 million, accounting for 23.0% of total revenue, compared to RMB 155.7 million in the same period of 2019[29]. - The company has signed 29 new commercial construction projects in the first half of 2020, with a total sales amount of RMB 81.1 billion, a 33.0% increase from RMB 61.0 billion in the same period of 2019[21]. - The company achieved a contract sales amount of approximately RMB 25.1 billion from equity projects, remaining stable compared to RMB 24.9 billion in the same period of 2019, while the sales area decreased by 19.4% to approximately 1.66 million square meters[22]. - Commercial construction revenue was RMB 610,010 thousand, down 23.4% from RMB 796,817 thousand year-on-year[104]. - The group recognized a total of RMB 5,150 thousand in other income, compared to RMB 4,426 thousand in the previous year, marking an increase of 16.4%[109]. Financial Position and Cash Flow - Cash and cash equivalents amounted to RMB 1,207.8 million, up from RMB 1,139.2 million at the end of 2019, with a current ratio of 1.34[41]. - The company had no significant borrowings during the reporting period, indicating a strong cash flow position[42]. - The company reported a net cash inflow from investing activities of RMB 118,983,000 for the first half of 2020, contrasting with a net cash outflow of RMB 13,380,000 in the same period of 2019[94]. - The net cash used in operating activities for the first half of 2020 was RMB 48,982,000, compared to a net cash inflow of RMB 169,177,000 in 2019, reflecting a significant decline[92]. - The company’s total assets as of June 30, 2020, were RMB 2,767,515 thousand, an increase from RMB 2,520,997 thousand at the end of 2019[85]. - The company’s total liabilities increased to RMB 901,124,000 as of June 30, 2020, compared to RMB 830,489,000 as of December 31, 2019[133]. Strategic Initiatives - The company is exploring financial services and cost control measures to stabilize overall performance amid declining construction revenue[17]. - The company anticipates a recovery in operational performance in the second half of 2020, aiming to achieve the same level as in 2019[23]. - The company has adjusted its regional and client structure, focusing on strategic areas such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta[23]. - The company aims to maintain its industry-leading position and stable growth in business scale while optimizing project and client structures[26]. - The company launched financial matchmaking services, generating RMB 4.9 million in revenue in the first half of 2020, which is expected to become a future profit growth point[25]. Shareholder and Equity Information - Major shareholder Greentown China holds 1,432,660,000 shares, representing approximately 73.17% of the company's equity[63]. - The company reported no interim dividend for the six months ending June 30, 2020[72]. - The company’s total equity attributable to owners increased to RMB 1,723,495,000 as of June 30, 2020, from RMB 1,004,241,000 at the end of June 2019, indicating a growth of approximately 71.5%[88]. - The company successfully raised approximately HKD 1,213.1 million from the issuance of 525,316,000 new shares after the full exercise of the over-allotment option[66]. Related Party Transactions - Related party transactions for the six months ended June 30, 2020, totaled RMB 38,586,000, a decrease from RMB 49,227,000 in the same period of 2019, reflecting a decline of approximately 21.6%[147]. - The group’s receivables from related parties aged within 180 days were RMB 3,828 thousand as of June 30, 2020, down from RMB 20,183 thousand as of December 31, 2019, showing a significant decrease of approximately 81.0%[155]. - The group’s revenue from related party construction management services was RMB 72,625 thousand for the six months ended June 30, 2020, with no revenue reported for the same period in 2019[151].