CMSK(SZ:001979)2021-08-23 16:00Financial Performance - The company's operating revenue for the reporting period reached ¥44.66 billion, representing an increase of 83.62% compared to the same period last year[10]. - Net profit attributable to shareholders was ¥4.25 billion, a significant increase of 365.32% year-on-year[10]. - The net cash flow from operating activities improved to ¥2.77 billion, up 192.75% from the previous year[11]. - Basic earnings per share rose to ¥0.47, reflecting an increase of 840.00% compared to the same period last year[10]. - The total assets of the company at the end of the reporting period were ¥829.66 billion, a 12.55% increase from the end of the previous year[10]. - The net assets attributable to shareholders increased to ¥107.33 billion, up 5.88% from the previous year[10]. - The weighted average return on equity increased to 4.43%, up 3.89 percentage points from the previous year[10]. - The company reported a total operating income of 34,065 million CNY from the Ningbo 1872 Huayuanfang project, with an occupancy rate of 90%[23]. - The company achieved operating revenue of 477.873 million yuan, a year-on-year increase of 23.56%[34]. - The total profit reached 36.37 million yuan, reflecting a growth of 33.50% compared to the previous year[34]. - Net profit attributable to shareholders was 24.805 million yuan, up 38.85% year-on-year[34]. - The company reported a significant increase in sales in the Shenzhen area, with revenue growth of 186.10%[86]. Investment and Development - The company acquired 63 land plots during the reporting period, with a new land area of 3.90 million square meters, and a total construction area of 8.84 million square meters, of which 5.60 million square meters are attributable to the company[20]. - The company is actively planning to establish a Shanghai Urban Renewal Fund with a total scale of approximately CNY 80 billion, aimed at investing in urban renewal projects[20]. - The company is focusing on core cities, with over 60% of its investments located in economically developed eastern coastal areas or key urban development circles in central and western provincial capitals[20]. - The company has a total cooperative area of approximately 468 square kilometers for its industrial new city projects, with a planned construction area of about 4.75 million square meters across 15 cities[31]. - The company has a total of 27 ongoing projects, with a combined planned construction area of approximately 3,000,000 square meters[37]. - The company is currently developing 10 projects in Hangzhou, with a total planned area of 1,500,000 square meters[46]. - The company has a significant land bank, with a total area of 1,500,000 square meters planned for future projects in Nanjing and Suzhou[64]. - The company is actively pursuing new project developments, with several projects in the planning stage, including the Beijing Yongdingfu project with a planned area of 73,598 square meters[37]. - The company has ongoing projects in various cities, including Xi'an, Hangzhou, and Chongqing, with significant investments in each[102]. Operational Highlights - The company’s concentrated commercial projects have achieved an average occupancy rate of 95% for the Shenzhen Dasha World area, with a cumulative operating income of CNY 77.45 million[22]. - The average occupancy rate for the Shenzhen Yijian Shuibayuan project was 95%, generating an operating income of 1,219 million CNY[28]. - The average occupancy rate for the Wuhan Jiangwan International project was 99%, with an operating income of 936 million CNY[25]. - The company has expanded its long-term rental apartment portfolio to approximately 34,000 units across 20 cities in China[27]. - The company has implemented a series of measures to enhance its core operational management capabilities and brand value in the long-term rental apartment sector[27]. - The company has a total of 1,200,000 square meters of rental area available across its projects[37]. - The average occupancy rate for completed projects is approximately 80%, reflecting a healthy market demand[46]. Strategic Initiatives - The company is enhancing its operational capabilities in the concentrated commercial sector, aiming to improve EBITDA returns through a "one business type, one template" strategy[21]. - The company is actively expanding its health ecosystem, establishing strategic partnerships with various institutions[34]. - The company is enhancing its digital transformation efforts to empower core business development[35]. - The company is focusing on strategic acquisitions and partnerships to enhance its market position and expand its operational footprint[76]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its portfolio[45]. Financial Management - The company reported a total financing balance of CNY 170.29 billion, with major contributions from development loans (CNY 48.10 billion) and other loans (CNY 29.86 billion)[79]. - The asset-liability ratio excluding advance receipts was 60.26%, while the ratio including advance receipts was 69.45%, indicating a stable financial position[79]. - The net debt ratio stood at 34.74%, with a cash-to-short-term debt ratio of 1.35, reflecting good liquidity management[79]. - The company has a diversified financing structure, including bank loans, international commercial loans, and trust financing, ensuring flexibility in capital management[79]. - The company reported a total interest income of 16,803 million, representing a 15.98% increase compared to the previous period[136]. - Total interest expenses amounted to 52,626 million, which is a 10.73% increase, with a total borrowing of 9,000,000 million[136]. Corporate Governance - The company did not sell any significant assets during the reporting period[106]. - The company has not engaged in any significant related party transactions during the reporting period[143]. - The company has maintained stable policies to support employment and industry development in targeted poverty alleviation areas[123]. - The company has established a charity fund to support rural revitalization projects, with funds allocated for two projects by the end of June 2021[123]. - The company has committed to a "carbon neutrality" action plan, promoting green and low-carbon technologies, and has initiated the first "carbon neutrality" initiative in the real estate industry[123].