Revenue and Profitability - The company achieved a revenue of HKD 19.4 billion in the first half of 2021, an increase of 371% compared to the same period last year[9]. - Gross profit reached HKD 7.3 billion, up 366% year-on-year, with a net profit attributable to equity shareholders of HKD 1.39 billion, reflecting a 332% increase[9]. - The group achieved a revenue of approximately HKD 19,403.8 million in the first half of 2021, representing a 371% increase compared to the same period last year[27]. - The overall gross profit margin remained stable at 38%, with a gross profit of HKD 7,300.5 million, up 366% year-on-year[27]. - The net property sales revenue reached approximately RMB 14,107.0 million (equivalent to HKD 16,904.4 million), a significant increase of 618% compared to the previous year[28]. - The group reported a basic earnings per share of HKD 0.1565, an increase of 329% year-on-year[27]. - The company reported a profit of HKD 1,393,043 thousand for the six months ended June 30, 2021, compared to HKD 322,590 thousand for the same period in 2020[177]. - The company reported a pre-tax profit for the six months ended June 30, 2021, was HKD 5,655,574, compared to HKD 723,203 in the prior year, indicating a substantial increase of around 684%[131]. Sales and Contract Performance - Contract sales amounted to approximately RMB 7.2 billion, completing 40% of the annual sales target, with significant contributions from projects in the Greater Bay Area[11]. - Real estate development sales revenue was approximately HKD 16.9 billion, a substantial increase of 679% compared to the previous year, maintaining a gross profit margin of about 39%[11]. - The company achieved contract sales area of approximately 347,000 square meters and contract sales revenue of about RMB 7.2 billion, with an average selling price of RMB 20,759 per square meter[33]. - Major contributions to sales came from Nanjing Qinglong Shangfu (RMB 1.37 billion), Shenzhen Shenye Dongling (RMB 870 million), and Ma'anshan Shenye Huafu (RMB 730 million)[33]. - The Greater Bay Area projects accounted for 47% of the total contract sales revenue, while second and third-tier cities contributed 38% and 15% respectively[33]. Land and Development - The company expanded its land reserves by approximately 1.76 million square meters, with a total land cost of about RMB 9.4 billion during the first half of 2021[14]. - The company commenced new construction of approximately 1,069,437 square meters and completed 156,829 square meters during the first half of 2021[38][39]. - The company expanded land resources by acquiring four plots totaling approximately 800,000 square meters, with a total planned construction area of about 1.76 million square meters[41]. - The company plans to focus on the Guangdong-Hong Kong-Macao Greater Bay Area and key first and second-tier cities for future developments[41]. Financial Position and Debt - The average comprehensive annualized interest rate for bank and other borrowings was 3.2%, a decrease of 0.5 percentage points from the previous year[17]. - The net debt ratio, including all interest-bearing liabilities, was maintained at a low level of 43.7% as of June 30, 2021[17]. - Total bank and other borrowings amounted to HKD 34,642.2 million as of June 30, 2021, an increase from HKD 30,828.4 million as of December 31, 2020[64]. - The group has pledged loans totaling HKD 6,894.5 million as of June 30, 2021, significantly up from HKD 2,592.3 million as of December 31, 2020[74]. - The total liabilities decreased to HKD 94,635,347 thousand as of June 30, 2021, from HKD 96,869,978 thousand as of December 31, 2020, representing a reduction of 2.3%[87]. Investment and Asset Management - The investment property total area is approximately 1.29 million square meters, with 82% located in Shenzhen, generating investment income of approximately HKD 685.3 million, a 22% increase year-on-year[49]. - The company’s investment in joint ventures contributed a profit of HKD 6.1 million from Shenzhen Longtong Real Estate Development Co., Ltd., a 578% increase year-on-year[58]. - The fair value of the financial asset held in Evergrande Real Estate was HKD 5,979 million, accounting for 4% of the group's total assets, with a fair value loss of approximately HKD 832.8 million during the period[63]. - The company recognized a loss of HKD 145,277 from investment properties during the reporting period, compared to a loss of HKD 464,275 in the same period last year[131]. Operational Performance - The urban comprehensive operation business achieved a contract management area of approximately 57 million square meters, a 21% increase from the end of last year, with revenue of approximately HKD 1,211.6 million, up 32% year-on-year[50]. - The hotel operations generated revenue of approximately HKD 71.4 million, a 138% increase compared to the same period last year[56]. - The manufacturing business achieved revenue of approximately HKD 192.4 million, a 51% increase year-on-year[57]. - The company launched 52 new projects in its urban operation services segment, covering over 11 million square meters, with 75% of revenue coming from non-related external projects[16]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.07 per share for the first half of 2021[9]. - The company declared dividends of HKD (978,988) thousand to equity shareholders during the period[88]. - The board proposed an interim dividend of HKD 0.07 per share on August 27, 2021, amounting to HKD 622,993,000, which was not recognized as a liability in the interim financial information[180]. Employee and Operational Metrics - The group employed 21,225 employees as of June 30, 2021, an increase from 19,603 employees as of June 30, 2020, with total salaries amounting to approximately HKD 1,328.1 million for the six months ended June 30, 2021[75]. - The company has expanded its management area by over 1.1 million square meters through 52 new projects in the first half of the year[50].
深圳控股(00604) - 2021 - 中期财报