EBJB(SH:600622)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 was approximately RMB 3.21 billion, representing a 148.05% increase compared to RMB 1.29 billion in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was approximately RMB 54.94 million, a decrease of 42.33% from RMB 95.27 million in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 32.05 million, down 55.61% from RMB 72.21 million year-on-year[18]. - The net cash flow from operating activities was approximately RMB 45.18 million, a significant decline of 97.68% compared to RMB 1.95 billion in the same period last year[18]. - Basic earnings per share for the first half of 2022 were RMB 0.04, down 33.33% from RMB 0.06 in the same period last year[17]. - The company reported a total comprehensive income of CNY -49,349,252.91 for the first half of 2022, compared to CNY -45,187,104.27 in the same period of 2021[157]. - The company reported a net loss of approximately 400.59 million for the period, which includes various distributions to owners[166]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 34.20 billion, a decrease of 3.32% from RMB 35.38 billion at the end of the previous year[18]. - The total liability of the company was ¥9,195,710,159.07, up from ¥8,801,992,708.29 in the previous year, reflecting an increase of about 4.5%[150]. - Total liabilities decreased from CNY 25.87 billion to CNY 24.93 billion, a decline of about 3.6%[148]. - The total equity decreased from CNY 9.51 billion to CNY 9.27 billion, a reduction of approximately 2.5%[148]. - The company’s total assets at the end of the reporting period were 9,843,923,657.64 CNY, showing a slight decrease from the previous period[170]. Cash Flow - The company's cash inflow from operating activities for the first half of 2022 was CNY 1,231,784,881.20, a decrease of approximately 68.1% compared to CNY 3,859,230,431.85 in the same period of 2021[158]. - The net cash flow from financing activities improved significantly to CNY 805,396,058.97, compared to a net outflow of CNY 1,492,611,221.13 in the same period last year[159]. - The total cash and cash equivalents at the end of the period increased to CNY 5,167,846,014.93, up from CNY 3,758,770,901.27 at the end of the first half of 2021[159]. Market Conditions - The retail property market faced significant pressure, with a 22.2% year-on-year decline in national commodity housing sales area, totaling 68,923,000 square meters[24]. - In Shanghai, the new commodity housing sales area decreased by 23.4% year-on-year, amounting to 6,379,100 square meters, with new residential sales down by 19.8%[24]. - The logistics market in key cities remains stable, with low vacancy rates and rising rents, contrasting with the challenges faced in retail and office sectors[23]. Risk Management - The company has disclosed potential risks in the report, urging investors to pay attention to investment risks[5]. - The company has established a comprehensive risk assessment and control system to maximize the interests of fund investors and shareholders[26]. - The company faced market risks due to instability in domestic and international markets, with potential impacts on rental demand and vacancy rates, prompting a focus on accelerating the sales of residential and commercial properties[69]. Governance and Compliance - The company has implemented 13 new regulations to enhance governance in response to new regulatory requirements[28]. - The company has not reported any major contracts or guarantees that are still pending completion during the reporting period[98]. - The company has not received any penalties or corrective actions related to legal violations during the reporting period[88]. Shareholder Information - The total number of ordinary shareholders as of the reporting period end is 54,534[116]. - The largest shareholder holds 14.10% of the shares, with a total of 211,454,671 shares[118]. - The top ten unrestricted shareholders include Beijing Guangkong Anyu Investment Center with 211,454,671 shares and Shanghai Jiading Jianye Investment Development Co., Ltd. with 161,678,520 shares[119]. Financial Instruments and Debt - The company has a total financing amount of 14.73 billion RMB with an average financing cost of 4.89%[44]. - The company has registered and issued asset-backed notes for financing purposes, with a total amount not exceeding RMB 17 billion, which has been approved by the board and shareholders[104]. - The company plans to issue corporate bonds not exceeding RMB 8.8 billion to optimize its debt structure and enhance its operational capabilities[105]. Investment and Development - The company aims to become a leading domestic cross-border investment and asset management platform, leveraging its management team, business leadership, and collaboration with the Everbright Group[25]. - The company has ongoing construction projects with total investment amounts of 1.73 billion RMB and 795.6 million RMB for different residential developments[42]. - The company holds 13,534 square meters of land in Shanghai Jiading for development, with a 51% profit-sharing ratio in a cooperative project[40]. Social Responsibility - The company plans to spend CNY 200,000 annually for five years, totaling CNY 1 million, to support poverty alleviation efforts in Yunnan Province[79]. - The company donated over 200 books to reading rooms in various poverty-stricken areas, including Nujiang Prefecture and Liangshan Prefecture[80].