建发国际集团(01908) - 2023 - 中期财报

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of RMB 24,359,190, an increase of 43.5% compared to RMB 16,949,699 for the same period in 2022[8]. - Gross profit for the same period was RMB 3,714,443, representing a gross margin of 15.2%, up from RMB 2,551,573 and a gross margin of 15.1% in the previous year[8]. - The net profit attributable to equity holders of the company was RMB 1,284,140, a significant increase of 52.4% from RMB 842,065 in the prior year[11]. - Basic earnings per share increased to RMB 80.09, up from RMB 60.36, reflecting a growth of 32.7%[11]. - The total comprehensive income for the six months ended June 30, 2023, is RMB 1,378,623,000, compared to RMB 1,421,853,000 for the same period in 2022, indicating a slight decrease of about 3.0%[20]. - The company reported a total comprehensive income of RMB 736,329 thousand for the period, after accounting for a currency translation difference of RMB (105,736) thousand[18]. Assets and Liabilities - The company's total assets as of June 30, 2023, amounted to RMB 469,741,313, an increase of 19.4% from RMB 393,463,167 at the end of 2022[14]. - The total liabilities increased to RMB 379,319,327 thousand from RMB 314,042,679 thousand, representing a rise of approximately 20.83%[16]. - The equity attributable to the owners of the parent company rose to RMB 32,705,960 thousand from RMB 31,637,220 thousand, marking an increase of about 3.37%[16]. - The total equity as of June 30, 2023, was RMB 90,421,986 thousand, compared to RMB 79,420,488 thousand at the end of 2022, showing a growth of approximately 13.06%[16]. - As of June 30, 2023, the net current assets amounted to RMB 135,663,707 thousand, an increase from RMB 133,157,789 thousand as of December 31, 2022, reflecting a growth of approximately 1.88%[16]. Cash Flow - Net cash generated from operating activities for the six months ended June 30, 2023, is RMB 33,639,003,000, a significant improvement from a net cash used of RMB (14,535,816,000) in the same period last year[25]. - The net cash used in investing activities for the six months ended June 30, 2023, is RMB (9,663,691,000), compared to RMB (3,213,906,000) in the previous year, reflecting an increase in investment outflows[25]. - The net cash used in financing activities for the six months ended June 30, 2023, is RMB (13,925,184,000), a decrease from net cash generated of RMB 4,304,898,000 in the same period last year[25]. Revenue Sources - For the six months ended June 30, 2023, the company's revenue from property development was RMB 22,743,526,000, an increase of 45.4% compared to RMB 15,606,461,000 for the same period in 2022[36]. - Property development accounted for 93.37% of total revenue in the first half of 2023, generating RMB 22,743,526,000, up from 92.08% and RMB 15,606,461,000 in the same period of 2022[119]. - The company reported a total of 1,615,664,000 RMB in property management and related services, which accounted for 6.63% of total revenue in the first half of 2023[119]. Market Strategy and Future Outlook - The company has plans for market expansion and new product development, focusing on enhancing its competitive edge in the industry[7]. - The management remains optimistic about future growth prospects, guided by strong performance indicators and strategic initiatives[7]. - The company plans to deepen urban research to seize quality land expansion opportunities in core cities[160]. - The company aims to enhance management efficiency and empower frontline staff to create value in a variable external environment[162]. Shareholder Information - The issued share capital of the company as of June 30, 2023, was HKD 173,802,089.1, divided into 1,738,020,891 shares[143]. - Zhao Chengmin holds 31,010,506 shares, representing approximately 1.78% of the issued share capital[168]. - The major shareholder, Yinen, holds 976,538,548 shares, accounting for 56.19% of the issued share capital[173]. - OceanLink Partners Fund, LP owns 121,711,413 shares, which is 7.00% of the issued share capital[173]. Employee and Management Information - The total employee cost for the group during the period was approximately RMB 1,699.87 million, an increase from approximately RMB 1,363.9 million in the same period last year[150]. - The group employed a total of 19,795 full-time employees as of June 30, 2023, compared to 16,834 full-time employees a year earlier[150]. - The company’s management compensation for the six months ended June 30, 2023, totaled RMB 10,970 thousand, an increase from RMB 6,807 thousand in the previous year[99]. Dividends and Share Incentives - The company proposed a final dividend of HKD 1.30 per share for the year ended December 31, 2022, an increase from HKD 1.20 per share in the previous year, which was approved by shareholders[21]. - The company will not declare an interim dividend for this period, consistent with the previous year[193]. - The company issued 35,300,000 restricted shares under the 2021 incentive plan and 100,000,000 restricted shares under the 2022 incentive plan, raising a net amount of approximately HKD 700 million from the latter[180].