EBJB(SH:600622)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥1.29 billion, a decrease of 32.77% compared to ¥1.92 billion in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥95.27 million, down 8.31% from ¥103.91 million in the previous year[18]. - The basic earnings per share for the first half of 2021 were ¥0.06, a decrease of 14.29% compared to ¥0.07 in the same period last year[19]. - The weighted average return on net assets for the first half of 2021 was 1.42%, a decrease of 0.20 percentage points from 1.62% in the previous year[19]. - The company reported a net profit of 7,220.78 million RMB for the first half of 2021, a decrease of 19.45% compared to the same period last year[132]. - The company recorded a total comprehensive income of RMB 14,374,981.07, a decrease of 88.3% from RMB 122,682,585.55 in the first half of 2020[143]. - The company experienced a loss attributable to minority shareholders of RMB 83,867,483.12, compared to a profit of RMB 17,542,940.74 in the previous year[142]. Cash Flow - The net cash flow from operating activities increased significantly to approximately ¥1.95 billion, compared to ¥147.13 million in the same period last year, representing a growth of 1,225.32%[18]. - The net cash flow from operating activities for the first half of 2021 was ¥1,949,886,671.51, a significant increase from ¥147,125,510.57 in the same period of 2020, representing a growth of approximately 1,225%[148]. - Total cash inflow from operating activities reached ¥3,859,230,431.85, compared to ¥1,449,540,282.48 in the first half of 2020, indicating an increase of about 167%[148]. - The cash outflow for financing activities totaled ¥3,025,997,839.53, compared to ¥4,761,299,153.11 in the previous year, reflecting a decrease of about 37%[148]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥35.15 billion, an increase of 3.75% from ¥33.88 billion at the end of the previous year[18]. - The total liabilities at the end of the reporting period were CNY 3,003,340,181.03, indicating a stable financial position[156]. - Total liabilities increased to CNY 25.30 billion, up from CNY 23.93 billion, representing a growth of approximately 5.4% year-over-year[136]. - The company's long-term borrowings decreased to CNY 6.96 billion from CNY 8.44 billion, a reduction of about 17.5%[136]. Investments and Projects - The company managed a total of 21 commercial projects with a combined area of over 2.2 million square meters as of June 2021[27]. - The company established a joint venture with Chengdu Urban Investment Group to enhance collaboration on commercial assets in Southwest China[28]. - The company has ongoing projects in Shanghai and Chongqing, with total investments of RMB 452.4 million and RMB 500 million respectively[50]. - The company has invested a total of RMB 661.8 million in various real estate projects during the reporting period, with a new investment amount of RMB 6 million[52]. Financing and Debt - The company issued a CNY 1 billion PPN product, significantly reducing financing costs[30]. - The total financing amount at the end of the period was RMB 1,352,421.76 million, with an average financing cost of 4.99%[42]. - The company has provided guarantees totaling RMB 40,000 million for Xuzhou Guangxin Real Estate Development Co., Ltd., with a maturity date of May 14, 2023[90]. - The company has a total guarantee amount exceeding 50% of net assets, amounting to RMB 90,692.30 million[91]. Market Conditions - In the first half of 2021, China's GDP grew by 12.7%, indicating a stable recovery in the economy, which positively impacted the real estate sector[23]. - The retail property market saw a 23% year-on-year increase in social retail sales, leading to a decrease in vacancy rates in key cities[23]. - The sales area of commercial housing in Shanghai reached approximately 11.12 million square meters in the first half of 2021, a 61% increase year-on-year[24]. Corporate Governance and Compliance - The company has no profit distribution plan or capital reserve transfer plan for the reporting period[4]. - The company reported no significant litigation or arbitration matters during the reporting period, maintaining a clean legal standing[80]. - The company has committed to avoiding competition with its subsidiaries in the real estate investment management sector, ensuring no substantial competitive activities will occur[75]. Risk Management - The company has detailed the potential risks in the report, urging investors to pay attention to investment risks[5]. - The company has implemented a comprehensive risk control system to maximize the interests of fund investors and shareholders[26]. - The company faces market risks due to external uncertainties and aims to enhance operational efficiency to mitigate potential business fluctuations[66]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial position and operating results[167]. - The company maintains its accounting records in Renminbi (RMB), which is the functional currency for its financial reporting[170]. - The company has established a clear framework for the accounting treatment of mergers under both common and non-common control, ensuring compliance with relevant accounting standards[171][172].