Financial Performance - The company reported revenue of RMB 997,018,000 for the six months ended June 30, 2022, representing a 49.8% increase from RMB 665,188,000 in the same period of 2021[7]. - Gross profit for the same period was RMB 255,649,000, up 45.5% from RMB 175,745,000 year-on-year[7]. - The net profit attributable to equity holders of the company was RMB 130,420,000, a significant increase of 50.7% compared to RMB 86,533,000 in the previous year[7]. - The total comprehensive income for the period was RMB 154,276,000, compared to RMB 86,528,000 in the prior year, marking an increase of 78.2%[7]. - Revenue from property management services reached RMB 475,113,000 for the six months ended June 30, 2022, up 35% from RMB 351,813,000 in the same period last year[21]. - The profit attributable to equity holders for the six months ended June 30, 2022, was RMB 130,420,000, an increase of 50.7% compared to RMB 86,533,000 for the same period in 2021[31]. - Basic earnings per share for the six months ended June 30, 2022, was RMB 0.10, up from RMB 0.07 in the same period of 2021, reflecting a growth of 42.9%[31]. - The company reported a total comprehensive income of RMB 151,361,000 for the six months ended June 30, 2022, compared to RMB 130,420,000 for the same period in 2021, representing an increase of approximately 15.9%[11]. Assets and Liabilities - The company's total assets increased to RMB 2,929,352,000 as of June 30, 2022, compared to RMB 2,511,237,000 at the end of the previous year, reflecting a growth of 16.7%[8]. - Current liabilities rose to RMB 1,920,503,000, up from RMB 1,566,203,000, indicating an increase of 22.6%[9]. - The company’s equity attributable to equity holders increased to RMB 1,102,790,000, compared to RMB 1,011,409,000 in the previous year, an increase of 9.0%[9]. - The group’s contract liabilities increased to RMB 1,071,689,000 as of June 30, 2022, from RMB 787,299,000 at the end of the previous year, indicating business growth[24]. - The company's asset-liability ratio was approximately 63.2% as of June 30, 2022, compared to 60.5% on December 31, 2021[84]. Cash Flow - The net cash used in operating activities for the six months ended June 30, 2022, was RMB (312,486,000), compared to RMB (12,814,000) for the same period in 2021, indicating a significant increase in cash outflow[12]. - The company’s cash and cash equivalents stood at RMB 1,956,998,000, down from RMB 2,261,445,000, a decrease of 13.4%[8]. - The cash and cash equivalents decreased to RMB 1,956,998,000 as of June 30, 2022, from RMB 2,261,445,000 at the beginning of the period, a reduction of about 13.4%[12]. - The company recorded a net cash inflow from investing activities of RMB 9,427,000 for the six months ended June 30, 2022, compared to RMB 6,345,000 for the same period in 2021, showing an increase of approximately 48.8%[12]. - The financing activities resulted in a net cash outflow of RMB (1,388,000) for the six months ended June 30, 2022, compared to RMB (7,103,000) for the same period in 2021, indicating a decrease in cash outflow by approximately 80.5%[12]. Business Strategy and Operations - The company has been focusing on expanding its urban service operations, aiming to enhance its market presence in the PRC[6]. - The company is actively investing in new technologies and product development to improve service efficiency and customer satisfaction[6]. - The company plans to continue expanding its property management services and community value-added services in the People's Republic of China[13]. - The company aims to become a leading urban space operation service provider in China, as indicated by its recognition in various industry rankings[52]. - The company is actively promoting the implementation of intelligent tools across various systems to enhance operational efficiency and reduce costs[51]. - The company plans to expand its business scope to commercial asset management, providing operational management services to commercial property owners[92]. - The company actively expanded its property management services through mergers and acquisitions, as well as joint ventures, to increase market share[59]. Shareholder Information - The company reported a total of 1,336,261,106 shares issued and fully paid as of June 30, 2022[44]. - The company has a restricted share incentive plan approved on September 27, 2021, allowing for the issuance of up to 35,300,000 shares[99]. - The company has no dilutive potential ordinary shares, thus diluted earnings per share is the same as basic earnings per share[32]. - The company’s major shareholders hold 5% or more of the issued shares, as recorded in the shareholder register[100]. - The board has resolved not to declare an interim dividend for this period, compared to none in the same period last year[107]. Corporate Governance - The company has maintained high standards of corporate governance, adhering to all applicable principles and code provisions of the Corporate Governance Code during this period[107]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements and confirmed compliance with applicable accounting standards[108]. - The company has established a framework for risk management and internal control systems, as part of its commitment to corporate governance[108]. - The company expresses gratitude to shareholders for their continued support and to employees for their dedication and loyalty[109].
建发物业(02156) - 2022 - 中期财报