SID(SH:600748)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 4,025,463,571.89, a decrease of 10.40% compared to CNY 4,492,756,529.67 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 344,109,290.33, down 19.84% from CNY 429,275,382.86 year-on-year[22]. - The basic earnings per share for the first half of 2021 was CNY 0.17, a decrease of 22.73% compared to CNY 0.22 in the same period last year[22]. - The net profit after deducting non-recurring gains and losses is 322,453,539.07 RMB, a decrease of 18.92% compared to the same period last year[117]. - The total profit for the first half of 2021 was CNY 732,182,308.12, compared to CNY 674,192,113.53 in the same period of 2020, indicating an increase of approximately 8.59%[140]. - The company reported a financial asset impairment loss of CNY 167,419,775.64, compared to a loss of CNY 11,018,960.29 in the previous period[140]. - The total comprehensive income for the period was CNY 517,606,362.59, compared to CNY 454,341,757.12 in the previous year, reflecting an increase of approximately 13.93%[140]. Cash Flow - The net cash flow from operating activities was negative at CNY -3,969,814,040.52, a significant decline compared to CNY -249,815,299.98 in the previous year, representing a decrease of 1,489.10%[22]. - Cash inflow from operating activities reached CNY 5,641,641,722.22, up from CNY 3,779,589,817.94 year-on-year, reflecting a growth of approximately 49%[151]. - Cash outflow from operating activities totaled CNY 9,611,455,762.74, significantly higher than CNY 4,029,405,117.92 in the previous year, resulting in a net cash flow from operating activities of CNY -3,969,814,040.52[151]. - The company reported a net increase in cash and cash equivalents of CNY -2,448,550,843.56, compared to an increase of CNY 647,461,821.28 in the same period last year[151]. - The ending balance of cash and cash equivalents was CNY 3,749,714,079.24, down from CNY 6,800,731,427.25 at the end of the previous year[151]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 45,384,700,621.78, an increase of 6.84% from CNY 42,479,137,087.56 at the end of the previous year[22]. - The total liabilities at the end of the reporting period are 31,575,716,000.68 RMB, an increase from 28,871,552,646.22 RMB at the end of the previous year[124]. - Total liabilities increased to ¥31.58 billion from ¥28.87 billion, representing a growth of approximately 9%[127]. - Total equity attributable to shareholders rose to ¥12.18 billion, up from ¥12.15 billion, reflecting a slight increase of about 0.25%[127]. Market and Sales Performance - The company reported a 27.7% year-on-year increase in the sales area of commercial housing in China, totaling approximately 8.86 billion square meters[25]. - The sales amount of commercial housing reached approximately CNY 9.29 trillion, reflecting a year-on-year growth of 38.9%[25]. - The company achieved a signed area of approximately 184,800 square meters and a signed amount of about 4.043 billion yuan in the first half of 2021[31]. - The "Shangshi·Haishangjing" project in Baoshan Gu Village had a sales rate of 97% on the opening day, with a subscription amount exceeding 3 billion yuan[28]. Strategic Initiatives - The company is focusing on risk mitigation and prevention due to tightening policies in the real estate sector, including "three red lines" for real estate companies and "five categories" for residential mortgage loans[25]. - The company is expanding its property management scale while enhancing management levels, focusing on mid-to-high-end residential development and commercial real estate[25]. - The company plans to maintain a construction area of around 1.5 million square meters in the second half of the year, focusing on low-carbon, green, and healthy development[35]. - The company aims to enhance its commercial planning and leasing capabilities to improve rental rates and levels in existing properties[36]. - The company plans to launch several key projects in the second half of the year, including the "Shangshi·Haishang" project in Quanzhou and the "Shangshi·Haishangjing" project in Baoshan[35]. Financing and Investments - The company will explore new financing channels while maintaining a good relationship with banks to ensure stable funding[33]. - The total amount of external equity investment during the reporting period was CNY 90,389.55 million, an increase of 18.47% compared to the previous period[54]. - The company’s investment in real estate development companies includes CNY 9,975.86 million in Shanghai Qingyue Real Estate Development Co., Ltd., representing a 49% equity stake[54]. - The company has ongoing projects with a total investment of approximately RMB 2.5 billion, including the Qingdao International Beer City and various residential developments in Shanghai[39]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 33,961[101]. - The largest shareholder, Shanghai Shihua Development Co., Ltd., held 896,435,864 shares, accounting for 48.60% of the total shares[101]. - The company did not distribute dividends or increase capital reserves during the reporting period[67]. Corporate Governance - The company has not disclosed any significant equity incentive plans or employee stock ownership plans[67]. - The company has no significant litigation or arbitration matters during the reporting period[85]. - The company has not disclosed any temporary announcements related to asset acquisitions or equity acquisitions during the reporting period[88]. - The company has engaged in market expansion efforts, including participation in state-owned enterprise reforms to enhance its real estate business[75].