C&D INC.(SH:600153)2022-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2022 was approximately RMB 365.78 billion, representing a year-on-year increase of 25.78% compared to RMB 290.81 billion in the same period last year[16]. - The net profit attributable to shareholders of the listed company was approximately RMB 2.71 billion, an increase of 6.00% from RMB 2.56 billion in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 16.65%, amounting to approximately RMB 2.08 billion compared to RMB 2.50 billion in the same period last year[16]. - The net cash flow from operating activities was negative at approximately RMB -44.58 billion, an improvement from RMB -51.70 billion in the previous year[16]. - The net assets attributable to shareholders of the listed company increased by 10.81% to approximately RMB 56.34 billion from RMB 50.84 billion at the end of the previous year[16]. - Total assets reached approximately RMB 757.40 billion, reflecting a year-on-year increase of 25.72% from RMB 602.46 billion[16]. - The total profit for the period was 542.18 million RMB, representing a year-on-year increase of 21.96%[18]. - The net profit attributable to shareholders of the listed company was 271.12 million RMB, an increase of 30.25% year-on-year[19]. - The company reported a net cash flow from operating activities of -4,457.56 million RMB, indicating a decline compared to the previous year[18]. - Total assets reached 75,739.54 million RMB, a year-on-year increase of 102.75%[19]. - The company's total liabilities amounted to 60,369.67 million RMB, reflecting a year-on-year increase of 132.41%[19]. - Basic earnings per share for the period were 0.85 RMB, a decrease of 3.41% compared to the same period last year[21]. - The weighted average return on equity was 5.67%, down by 0.97 percentage points year-on-year[21]. - Non-recurring gains and losses totaled 631.17 million RMB, with significant contributions from government subsidies and asset disposals[24]. Supply Chain Operations - The supply chain operation segment achieved revenue of 33,961.21 million RMB, a year-on-year increase of 27.40%[19]. - The company has established a comprehensive "LITF" supply chain service system, integrating logistics, information, finance, and trading to provide customized supply chain solutions[32]. - The company aims to become an internationally leading supply chain operator, leveraging its global, multi-category, and professional supply chain capabilities[32]. - The supply chain service market is expected to grow as manufacturing firms increasingly outsource non-core functions to specialized supply chain operators, improving operational efficiency and reducing costs[29]. - The company collaborates with high-quality pulp suppliers globally to streamline procurement and distribution in the pulp and paper supply chain, enhancing operational efficiency[34]. - The company provides customized credit trading solutions to downstream clients, helping them reduce procurement and transaction costs while improving operational efficiency[34]. - The company focuses on risk control, inventory management, and cost optimization as part of its supply chain services, aiming to create value for clients[33]. - The company has developed a digital supply chain service system, including platforms like "E Jian Qian" for electronic contracts and "E Jian Xun" for remote inventory management, to enhance operational efficiency[38]. - The company has implemented a risk control system that is professional, tiered, and process-oriented, focusing on price, credit, ownership, and exchange rate risks[41]. - The company has formed a customized "LIFT" supply chain service platform, integrating logistics, information, finance, goods, and market resources to enhance customer value[45]. - The company has successfully entered downstream processing sectors through joint ventures and acquisitions, strengthening its position in the supply chain[36]. - The company has expanded its supply chain services to over 170 countries and regions, enhancing its global presence and product offerings across various sectors[37]. - The company achieved a trading volume of over 29 million tons in agricultural products, 11 million tons in paper and pulp, and 45 million tons in steel in 2021, positioning it among the industry leaders[44]. Real Estate Development - The real estate segment generated revenue of 2,617.00 million RMB, a year-on-year increase of 7.93%, but net profit attributable to the parent company decreased by 34.80% to 622.00 million RMB[19]. - The real estate segment has been recognized as one of the top 50 real estate development companies in China for 11 consecutive years, ranking 16th in 2022[52]. - The company acquired 40 land parcels with a total investment of approximately CNY 63.13 billion, with nearly 70% of land reserves located in first and second-tier cities[64]. - The company managed 64 commercial projects with a total area of 2.49 million square meters as of June 2022, enhancing its commercial asset management capabilities[66]. - The company has several planned real estate projects, including residential developments in Fuzhou and Guiyang, with expected saleable areas of 109,736.68 square meters and 292,637.00 square meters respectively[81]. - The company is actively pursuing new land acquisitions and project developments to enhance its market position and growth potential[82]. - The company has ongoing projects in various cities, with a total of 1,200,000 square meters of residential and commercial space under construction[85]. - The company is expanding its market presence with new projects in cities like Hangzhou and Fuzhou, with expected saleable areas of 65,696.57 square meters and 66,074.19 square meters respectively[84]. - The company has completed several residential and commercial projects, including Nanjing Runjin Garden (1,978.87 sqm, 50.0% equity) and Nanjing Central Honor (12,732.79 sqm, 40.0% equity) in Nanjing[87]. - The company is focusing on strategic expansion with new projects in cities like Jiangyin and Nanchang, enhancing its portfolio[86]. - The company has ongoing projects in various cities, with a total unsold building area of 1,200,000 square meters across various cities, including 394,829.28 square meters in Chongqing alone[95]. - The company is committed to completing its ongoing projects, with a significant number of residential units expected to be delivered in the near future[87]. - The company is focusing on maximizing its project equity, with several projects having equity ratios above 50%[90]. - The company has ongoing projects with a total planned construction area of 2,200,000 square meters across various locations[99]. - The total investment amount for the projects under construction is approximately 3,000 million RMB, with actual investment during the reporting period being around 500 million RMB[99]. Sales Performance - The total area available for sale in the reporting period was significant, with various projects showing high sales figures, such as 39,548.57 square meters sold in Guiyang Shuxiangfu, representing 100% of the available area[119]. - The total area available for sale in the reporting period was significant, with various projects in Shanghai, Suzhou, and other regions contributing to a total of 1,000,000 square meters[125]. - The company reported a total of 74,729.11 square meters sold in Shanghai's Suzhou River project, with a 51.0% equity stake[125]. - The company reported a total revenue of 1,500 million yuan from transferred projects, with a total of 200,000 square meters pending transfer at the end of the reporting period[124]. - The average selling price for residential units increased by 10% compared to the previous period[123]. - The company is investing in new technology for project management to enhance operational efficiency[124]. - Future guidance indicates a strong pipeline of projects, with a focus on maintaining high sales performance and equity stakes in ongoing developments[120]. - The company plans to continue its strategy of developing new products and technologies to enhance its market competitiveness[120]. - The company is actively pursuing new technology and product development to improve project efficiency and customer satisfaction[125][126]. - The company is focusing on expanding its market presence with new residential and commercial projects, particularly in regions like Jiangyin and Longyan[120].