Financial Performance - For the six months ended June 30, 2021, the company reported revenue of RMB 13,449 million, an increase of 32.5% from RMB 10,142 million in 2020[35] - Gross profit for the same period was RMB 4,128 million, up 21.6% from RMB 3,395 million in 2020[35] - Net profit attributable to owners of the company reached RMB 1,427 million, a 45.7% increase compared to RMB 980 million in the previous year[35] - Earnings per share for the first half of 2021 was RMB 0.52, an increase of 48.6% from RMB 0.35 in the same period of 2020[35] - Revenue for the first half of 2021 was approximately RMB 13,449 million, reflecting a year-on-year increase of approximately 33%[50] - Profit attributable to owners of the Company for the period was approximately RMB 1,427 million, representing a year-on-year increase of approximately 46%[51] - Total comprehensive income for the period was RMB 1,443,849, compared to RMB 1,198,173 in the same period last year, indicating an increase of 20.5%[196] Assets and Liabilities - Total assets as of June 30, 2021, amounted to RMB 173,745 million, reflecting an increase of 5.3% from RMB 164,989 million at the end of 2020[37] - Total liabilities increased to RMB 150,962 million, up 5.7% from RMB 142,847 million at the end of 2020[37] - The company reported a total equity of RMB 22,783 million, which is a 2.9% increase from RMB 22,142 million at the end of 2020[37] - The net gearing ratio remained stable at approximately 52%[51] - As of June 30, 2021, total equity was approximately RMB 22,783 million, total assets amounted to approximately RMB 173,745 million, and total liabilities stood at approximately RMB 150,962 million[109] - The net gearing ratio was approximately 52% as of June 30, 2021, compared to approximately 49% as of December 31, 2020[109] Property Development and Sales - The company acquired 10 land parcels with a total gross floor area of approximately 1.82 million sq.m. in the Yangtze River Delta and Greater Bay Area regions[46] - Sales of properties and construction management services contributed RMB 13,061 million, representing a 33.2% increase from RMB 9,804 million in 2020[41] - For the six months ended June 30, 2021, the Group's contracted sales amounted to approximately RMB 18,811 million, representing a year-on-year increase of approximately 42%[63] - The total gross floor area (GFA) sold and delivered during the same period was approximately 1,408,662 sq.m.[63] - The average selling price during the period was approximately RMB 13,354 per sq.m.[64] - Key regions contributing to contracted sales included the Yangtze River Delta and the Greater Bay Area, accounting for approximately 52% and 32% of total sales respectively[64] - The total GFA sold and delivered amounted to approximately 971,743 sq.m. during the review period[52] - The average selling price for property sales was approximately RMB 13,141 per sq.m.[52] Expenses and Costs - Cost of sales increased by approximately 38% to approximately RMB 9,321 million from RMB 6,747 million in the first half of 2020[92] - Selling and marketing expenses increased to approximately RMB 552 million from RMB 352 million in the same period of 2020, while administrative expenses decreased to approximately RMB 416 million from RMB 450 million[98] - Finance costs increased to RMB 118,331 from RMB 99,616, representing a rise of 18.7%[193] - Other income for the period was RMB 27,356, compared to RMB 22,588 in 2020, marking an increase of 21.5%[193] Corporate Governance and Management - The Company complied with all code provisions in the CG Code except for A.2.1, A.4.2, and E.1.2 during the six months ended June 30, 2021[158] - The roles of chairman and CEO were combined under Mr. Chen Jun from January 1, 2021, to June 30, 2021, which the Company believes aids in strategy formulation[159] - All Directors confirmed compliance with the Model Code for securities transactions during the six months ended June 30, 2021[163] - The Company’s independent non-executive director Mr. Kwan Kai Cheong resigned effective June 18, 2021[171] Shareholding and Interests - Mr. Wang Weixian is deemed to be interested in 38,804,571 Shares held by Prestige Glory Enterprises Limited, which he beneficially owns[1] - Mr. Wang Weixian and Ms. Wang Xuling are deemed to be interested in an aggregate of 367,254,133 Shares indirectly held by The Duanyuan Trust[2] - Ms. Wang Xuling beneficially owns 7,390,000 Shares, with 3,390,000 Shares deemed to be interested under a subscription agreement[3] - The entire issued share capital of the Company as of June 30, 2021, is 2,791,884,683 Shares[7] - Gluon Xima International Limited holds 1,650,244,409 shares, representing 59.11% of the total issued share capital[152] Future Prospects and Strategy - The Group plans to continue optimizing its land bank structure and focus on major city clusters and key cities to enhance operational management and product quality[83] - The Group aims to become an integrated real estate group with a mission of "creating a better lifestyle" while enhancing its overall competitiveness and market influence[83] - The Group will continue to monitor the trend of the RMB exchange rate against the US dollar and adopt appropriate measures to hedge against foreign currency exchange risks[115]
绿地香港(00337) - 2021 - 中期财报