2018-08-20 16:00Financial Performance - The company's operating revenue for the first half of 2018 reached CNY 105.97 billion, representing a 51.80% increase compared to CNY 69.81 billion in the same period of 2017[12]. - The net profit attributable to shareholders for the first half of 2018 was CNY 9.12 billion, a 24.94% increase from CNY 7.30 billion in the first half of 2017[12]. - The company achieved a sales amount of CNY 304.66 billion in the first half of 2018, representing a year-on-year growth of 9.9%[19]. - The net profit attributable to shareholders reached CNY 9.12 billion, marking a year-on-year growth of 24.9%[19]. - The company achieved a net profit of RMB 13.52 billion, representing a year-on-year growth of 34.5%[49]. - The gross profit margin for the real estate business was 27.3%, up by 2.5 percentage points from the same period in 2017[49]. - The company reported a significant increase in operating profit, which reached RMB 19.63 billion, a 43.7% increase from RMB 13.66 billion in the first half of 2017[164]. - The comprehensive income for the first half of 2018 was RMB 9.28 billion, a significant increase from RMB 6.98 billion in the same period of 2017, reflecting improved profitability[180]. Assets and Liabilities - The total assets as of June 30, 2018, amounted to CNY 1,345.15 billion, reflecting a 15.43% increase from CNY 1,165.35 billion at the end of 2017[12]. - The total liabilities increased by 16.42% to CNY 1,139.37 billion as of June 30, 2018, compared to CNY 978.67 billion at the end of 2017[12]. - The asset-liability ratio as of June 30, 2018, was 84.70%, an increase of 0.72 percentage points from 83.98% at the end of 2017[13]. - The company's total equity attributable to shareholders increased by 1.67% to CNY 134.89 billion as of June 30, 2018, compared to CNY 132.68 billion at the end of 2017[12]. - The company's inventory increased to CNY 638.62 billion from CNY 598.09 billion, representing a growth of approximately 6.8%[152]. - Total liabilities reached RMB 329.97 billion, representing a 25.3% increase from RMB 263.17 billion at the end of 2017[160]. - The company's equity attributable to shareholders increased to RMB 81.99 billion, up 22.3% from RMB 67.06 billion at the end of 2017[160]. Cash Flow - The net cash flow from operating activities for the first half of 2018 was negative CNY 4.26 billion, a significant decrease from CNY 21.85 billion in the first half of 2017, marking a 119.47% decline[12]. - Cash flow from operating activities showed a net outflow of RMB 125.56 billion in the first half of 2018, compared to RMB 109.63 billion in the same period of 2017, indicating increased operational costs[178]. - Cash flow from investing activities resulted in a net outflow of ¥48,644,731,763.85, compared to a net outflow of ¥11,148,271,524.26 in the first half of 2017[172]. - The total cash and cash equivalents at the end of June 2018 amounted to ¥149,915,682,851.25, compared to ¥99,683,155,844.95 at the end of June 2017[175]. Construction and Development - The new construction area in the first half of the year was 23.21 million square meters, a year-on-year increase of 40.2%, accounting for 65.5% of the annual construction plan[32]. - The completed construction area in the first half of the year was 9.17 million square meters, a year-on-year increase of 44.1%, accounting for 34.9% of the annual completion plan[32]. - The company acquired 117 new projects in the first half of the year, with a total planned construction area of 20.49 million square meters and a total land cost of approximately 57.82 billion yuan, averaging 5,054 yuan per square meter[32]. - The total area of projects under construction and planned projects is approximately 143 million square meters, with 81.88 million square meters under construction and 60.82 million square meters planned[33]. Shareholder and Governance - The company did not declare any cash dividends or bonus shares for the first half of 2018[3]. - The company’s major shareholder, Metro Group, has committed to supporting the mixed ownership structure and the strategic goals of the company[76]. - The company has made commitments to ensure independence in operations and avoid conflicts of interest with minority shareholders[82]. - The company has complied with corporate governance codes, with a clear separation of roles between the chairman and the CEO[105]. Market Expansion and Strategy - The company is actively pursuing new strategies for market expansion, with a focus on high-potential regions and urban redevelopment initiatives[37]. - The company focuses on urban circles and has entered new cities such as Zhuozhou, Yancheng, and Yinchuan in the first half of the year[32]. - The company maintained a rational investment strategy, actively exploring various market opportunities while ensuring reasonable pricing[32]. Employee and Workforce - The total number of employees as of June 30, 2018, is 92,764, with an average age of 30.99 years and an average tenure of 2.13 years[124]. - The property service system employs 72,529 individuals, with an average age of 31.05 years and an average tenure of 2.04 years[125]. - The company has implemented a tiered employee training program focusing on cultural and management development[126].