Company Overview - As of June 30, 2021, the Group had a total contracted gross floor area (GFA) of approximately 41.9 million square meters across 234 contracted projects[11]. - The total GFA under management was approximately 18.6 million square meters, covering 125 projects[11]. - The Group operates in 58 cities across 18 provinces, municipalities, and autonomous regions in China[10]. - The company was listed on the Main Board of The Stock Exchange of Hong Kong Limited in July 2021[7]. - The Group has contracted to manage new shopping malls, including the Yangzhou Mingfa with a contracted GFA of 300,000 sq.m. and Nanjing Mingfa with a contracted GFA of 422,000 sq.m.[60]. Property Management Services - The Group's residential property management services were recognized as one of the "2021 Top 100 Property Management Companies in China" by China Index Academy[9]. - The commercial property management services ranked 6th among the "2020 TOP 10 Brand of China Commercial Real Estate Companies"[9]. - The Group's commercial property management services were awarded the title of "2020–2021 Outstanding Commercial Property Operator of the Year"[9]. - The Group's revenue from residential property management services was approximately RMB298.3 million, with a gross profit margin of 35.7%[34]. - The residential property management services segment recorded total revenue of approximately RMB 298.3 million, representing a year-on-year increase of approximately 53.5%[74]. Financial Performance - The total revenue for the Group during the period was approximately RMB578.9 million, representing a significant increase from RMB354.9 million in the previous year[34]. - Revenue increased by 63.1% from approximately RMB354.9 million in the first half of 2020 to approximately RMB579.0 million in the first half of 2021[101]. - The Group's total revenue for the first half of 2021 was approximately RMB578.96 million, compared to RMB354.92 million in the first half of 2020[126]. - Gross profit increased by approximately 80.5% from approximately RMB158.3 million in the first half of 2020 to approximately RMB285.7 million in the first half of 2021[131]. - The overall gross profit margin increased from approximately 44.6% in the first half of 2020 to approximately 49.3% in the first half of 2021[132]. Occupancy Rates - As of June 30, 2021, the total occupancy rate of the Group's commercial properties was 85.2%, an increase from 82.1% in 2020[57]. - The occupancy rate for the Xiamen SCE Building was 94.8% as of June 30, 2021, with a GFA of 50,309 sq.m.[52]. - The Beijing CBD SCE Funworld had an occupancy rate of 71.2% as of June 30, 2021, with a GFA of 54,484 sq.m.[52]. - The Shanghai SCE Plaza achieved a full occupancy rate of 100.0% with a GFA of 218,471 sq.m.[52]. - The Quanzhou SCE Plaza Office Building had an occupancy rate of 82.7% as of June 30, 2021, with a GFA of 45,972 sq.m.[52]. Strategic Focus and Expansion - SCE CM aims to expand nationwide and enhance its brand effect to become a leading property management services provider in China[11]. - The Group's strategic focus includes expanding its commercial property management services in the Yangtze River Delta region[59]. - The company plans to open several new shopping malls, including Shantou SCE Funworld and Tangshan SCE Funworld, both expected to open in December 2022[65]. - The company is expanding its presence in the Greater Bay Area and Yangtze River Delta Economic Zone with multiple new shopping mall developments[65]. - The Group plans to manage four additional SCE Funworlds in Jiangsu, Guangdong, and Henan provinces by Q4 2021, with over ten more expected in 2022[85]. Employee and Financial Position - The Group had a total of 4,242 employees as of June 30, 2021, an increase from 3,258 employees as of June 30, 2020[178]. - There were no borrowings as of June 30, 2021, and the gearing ratio was nil, indicating a solid financial position[161]. - The Group raised total net proceeds of approximately HK$2,037.5 million from its listing on the Main Board of the Stock Exchange on July 2, 2021[187]. - Approximately 50% (or approximately HK$1,018.8 million) of the net proceeds will be used for strategic acquisitions and investments in other property management companies[189]. - The total cost of employees during the period was approximately RMB 233.3 million, compared to approximately RMB 161.2 million for the six months ended June 30, 2020[178].
中骏商管(00606) - 2021 - 中期财报