Real Estate Performance - The real estate segment reported recognized sales of HK$6,483 million in the first half of 2021, with an average selling price of HK$21,241 per square metre, an increase of 8% year-on-year[10]. - The Group's contracted sales amounted to RMB21,227 million, with suburban properties, high-end properties, and renovated properties accounting for 2%, 38%, and 60% of total sales, respectively[10]. - The sales in the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, and Bohai Rim Economic Zone were RMB3,116 million, RMB7,815 million, and RMB10,296 million, respectively[10]. - The average selling price of contracted property sales was RMB35,072 per square metre, representing an increase of approximately 120.5% from RMB15,909 per square metre in the corresponding period of 2020[10]. - The total saleable area for residential properties reached 21.23 million sq.m., with significant contributions from various property types[19]. - The Group's focus on high-end product sales has resulted in strong performance, particularly in projects like Hopson No. 8 Royal Park and Hopson YUNĒ, each exceeding RMB1,000 million in sales[10]. - The total saleable area across various segments includes 7.67 million square metres in shopping arcades, 7.32 million square metres in offices, and 5.98 million square metres in car parks[15]. - The total saleable area of completed properties reached 5.82 million sq.m., while properties under development totaled 8.24 million sq.m., and properties to be developed amounted to 16.42 million sq.m., leading to a total of 30.48 million sq.m.[20]. Financial Overview - For the first half of 2021, the Group recorded a turnover of RMB 13,452 million, representing a 38.5% increase compared to RMB 9,713 million in the same period of 2020[76]. - The gross profit for the first half of 2021 was HK$10,125 million, with a gross profit margin of 63%, down from 67% in 2020[78]. - Profit attributable to equity holders for the first half of 2021 was HK$5,632 million, an increase of HK$1,412 million or 33% compared to the same period last year[88]. - The Group's total assets increased by 11% to HK$333,360 million, while total liabilities rose by 10% to HK$223,442 million[89]. - The current ratio as of June 30, 2021, was 2.01, down from 2.23 as of December 31, 2020[90]. - Cash and bank deposits amounted to HK$42,855 million, an increase from HK$29,650 million at the end of 2020[90]. - The Group's total comprehensive income for the six months ended 30th June 2021 was HK$7,081,298, compared to HK$3,449,910 in the previous year, marking a 105.5% increase[116]. Investment Strategy - The Group's investment segment focuses on equity investments in high-and-new technology, targeting medium-to-long term capital returns in a low interest environment[48]. - The Group aims to utilize efficient management tools to maintain and increase asset value, particularly through investments in high-quality blue chip stocks[67]. - The Group's financial assets at fair value through profit or loss amounted to HK$26,722,577,000, while those through other comprehensive income totaled HK$713,158,000, leading to a total of HK$32,890,965,000[142]. - The investment in Meta Group Limited amounted to HK$1,510,481,000 as of June 30, 2021, which was not present in the previous year's financials, indicating a new strategic investment[179]. Commercial Real Estate - As of June 30, 2021, the revenue from commercial real estate was HK$1,925 million, representing a year-on-year increase of 36.8%[21]. - Revenue from Hopson Commercial Technology was HK$469 million, reflecting a significant year-on-year increase of 191.3%[30]. - The commercial real estate segment is expected to see steady recovery in the second half of 2021, driven by stable economic growth and policy efforts to promote consumption[27]. - The company aims to optimize its tenant portfolio and improve tenant recruitment for new projects, contributing to continuous revenue growth in commercial real estate[26]. Property Management and Technology - Revenue from property management reached HK$825 million, reflecting a year-on-year growth of 20%[38]. - The hooplife community technology and property management segment accounted for 52% and 48% of total revenue, respectively, in the first half of 2021[40]. - The hooplife smart community technology platform provided services for over 200 projects across more than 30 cities, managing an area exceeding 100 million sq.m. and serving over 1 million families[43]. - The Group aims to leverage 5G and big data to enhance service quality and reduce costs in the second half of 2021[47]. Infrastructure Development - The infrastructure segment reported a total output of approximately HK$4,538 million, with a construction area of approximately 8.80 million sq.m. as of June 30, 2021[70]. - The income from infrastructure investment before elimination was HK$4,538 million, representing a 64% increase compared to HK$2,775 million in the first half of 2020[72]. - The infrastructure segment has implemented a smart construction cloud platform to enhance quality and safety supervision, project acceptance automation, and efficient labor management[73]. Shareholder Returns - The Board declared an interim dividend of HK$0.50 per share, to be paid on November 26, 2021[6]. - Dividends declared amounted to HK$1,089,348, down from HK$1,335,336 in 2020[114]. - Dividends payable for the period amounted to HK$2,396,565, reflecting the company's commitment to returning value to shareholders[120].
合生创展集团(00754) - 2021 - 中期财报