Financial Performance - For the six months ended June 30, 2021, the company reported a revenue of RMB 28,455.6 million, representing a 135% increase compared to RMB 12,096.6 million in 2020[4] - Profit attributable to owners of the parent was RMB 4,301.0 million, a 14% increase from RMB 3,769.7 million in the previous year[4] - Basic earnings per share increased to 33.88 RMB cents, up 6% from 32.01 RMB cents in 2020[4] - The company’s profit attributable to owners, net of fair value gains on investment properties, was RMB 3,455.4 million, a 3% increase from RMB 3,349.4 million in 2020[4] - Revenue for the same period amounted to approximately RMB 28,455.6 million, representing a significant increase of 135% from approximately RMB 12,096.6 million in the corresponding period of 2020[109] - The attributable profit to owners for the six months ended June 30, 2021, was approximately RMB 4,301.0 million, up 14% from RMB 3,769.7 million in the same period last year[106] Sales and Contracts - The company achieved a historic high in contracted sales, reaching RMB 130.2 billion, which is a 27% year-on-year growth, maintaining a position among the top 15 in the industry[6] - Contracted sales reached RMB130.2 billion in the first half of 2021, representing a year-on-year growth of 27%[10] - The Group's contracted sales of properties and land yet to be delivered and settled amounted to approximately RMB354.5 billion as of the end of the reporting period[25] Assets and Investments - The total assets of the company as of June 30, 2021, amounted to RMB 440,089.1 million, reflecting a 13% increase from RMB 387,756.2 million in 2020[4] - Equity attributable to owners of the parent increased to RMB 49,834.0 million, a 7% rise from RMB 46,762.1 million in the previous year[4] - Properties under development (current and non-current) amounted to approximately RMB162,228.1 million as of June 30, 2021, representing a 17% increase from approximately RMB138,829.0 million as of December 31, 2020[121][125] - Investments in joint ventures rose from approximately RMB16,319.4 million as of December 31, 2020, to approximately RMB19,096.0 million as of June 30, 2021, primarily due to increased investments in specific projects and new joint ventures acquired during the period[122][126] Dividends and Share Options - The company declared an interim dividend of 12 HK cents per share, to be distributed on or before October 29, 2021[6] - The new share option scheme allows the Company to issue up to 1,155,352,832 shares, representing 9.11% of the issued share capital as of the report date[173] - The total number of share options granted was 4,500,000, with an exercise price of HKD 2.196 for options granted on October 17, 2016[183] Organizational Development - The company emphasized its commitment to urban operations and scientific development as part of its strategic transformation in 2021[6] - The company continues to strengthen its organizational structure to ensure high-quality development and maintain its leading position in the industry[6] - The company has integrated 15 functional departments into eight centers and four departments to enhance organizational efficiency and decision-making[17] Market Trends and Economic Indicators - In the first half of 2021, China's GDP grew by 12.7% year-on-year, with an average growth of 5.3% over two years[22] - Total fixed asset investment in China rose by 12.6% year-on-year, while real estate development investment increased by 15.0% year-on-year[22] - The area sold of commodity housing increased by 27.7% year-on-year, and the sales amount rose by 38.9% year-on-year in the first half of 2021[22] Environmental and Technological Initiatives - The company has obtained 235 green building certifications, reinforcing its green influence and industry-leading position[19] - Jinmao Green Building is focusing on technological innovation, deploying smart energy solutions, and providing integrated solutions for investment, construction, and operation, resulting in significant economic and environmental benefits[98] - The company has filed 66 new patent applications in the first half of 2021, enhancing its technological competitiveness[13] Hotel Operations - The hotel business completed the launch of five self-owned brands and secured contracts for six asset-light projects, with approximately 30 hotels opened or under construction[12] - The average room rate for the Group's hotels as of June 30, 2021, was RMB 1,127, with an average occupancy rate of 73.8% and RevPAR of RMB 832[80] - The hotel operations segment saw a significant rebound in occupancy and RevPAR due to the normalization of anti-epidemic efforts[25] Financial Management - Total interest expenses decreased by 23% to approximately RMB3,147.0 million, reflecting a reduction in financing size and average interest rates[118] - Income tax expense increased by 69% to approximately RMB1,931.2 million, mainly due to higher corporate income tax and land appreciation tax from increased property sales[119] - The Group's net cash outflow for the six months ended June 30, 2021, was approximately RMB 4,777.5 million[152] Employee and Compensation Strategy - The Group employed a total of 11,639 staff as of June 30, 2021, providing competitive salaries and various benefits, including retirement and medical insurance schemes[171] - The company continues to utilize share options as a key component of its employee compensation strategy, reflecting its commitment to aligning employee interests with shareholder value[182]
中国金茂(00817) - 2021 - 中期财报