SID(SH:600748)2022-03-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,836,872,421.54, a decrease of 14.60% 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 337,177,488.58, down 21.45% from CNY 429,275,382.86 year-on-year[22]. - Basic earnings per share for the first half of 2021 were CNY 0.17, down 22.73% from CNY 0.22 in the same period last year[22]. - The weighted average return on net assets was 3.04%, a decrease of 0.70 percentage points compared to 3.74% in the previous year[22]. - The company's net profit for the current period is approximately ¥507.67 million, an increase from ¥454.34 million in the previous period, representing a growth of about 11.8%[138]. - The total profit for the current period is reported at ¥722.25 million, up from ¥674.19 million in the previous period, reflecting a growth of about 7.1%[138]. - The company's basic earnings per share for the current period is ¥0.17, down from ¥0.22 in the previous period, showing a decrease of approximately 22.7%[141]. 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, indicating a significant increase of approximately 49%[145]. - Cash outflow from operating activities totaled CNY 9,611,455,762.74, compared to CNY 4,029,405,117.92 in the same period last year, reflecting a rise of about 139%[145]. - The ending balance of cash and cash equivalents was CNY 3,749,714,079.24, down from CNY 6,800,731,427.25 in the previous year[149]. - The company's cash and cash equivalents decreased by 40.02% to CNY 4,009,009,414.08 from CNY 6,683,871,446.16[50]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 43,774,506,361.32, an increase of 6.55% from CNY 41,082,050,826.99 at the end of the previous year[22]. - Total liabilities reached CNY 21,868,785,079.82, up from CNY 20,367,405,572.72, indicating a rise of 7.4%[133]. - The total area of land held for development is 349,168 square meters in the Qingpu District, with a planned construction area of 177,954 square meters, involving a cooperative development project with a 51% equity stake[39]. - The total equity attributable to shareholders at the end of the reporting period was approximately 11.03 billion, a slight increase from 12.26 billion[158]. Investments and Projects - The company has 7 ongoing projects with a total construction area of 1,484,300 square meters, meeting quality, progress, and safety targets[32]. - The company has signed contracts for 15 new projects, increasing the managed area by 460,000 square meters[32]. - The company is advancing the construction of a smart property management platform to improve operational efficiency and service value[36]. - The company has ongoing projects such as the International Beer City in Qingdao, with a total investment of CNY 750 million and a construction area of 806,339 square meters[39]. Strategic Initiatives - The company plans to maintain a construction area of approximately 1.5 million square meters in the second half of 2021, focusing on low-carbon, green, and healthy development[34]. - The company aims to enhance project quality through digital transformation and the integration of new technologies, improving cost control and product competitiveness[34]. - The company plans to explore new commercial operation models in line with national policies to expand the supply of affordable rental housing[36]. - The company plans to actively adjust and optimize its strategic layout in response to government policies and market trends, focusing on enhancing operational efficiency and asset management capabilities[59]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 33,961[97]. - The largest shareholder, Shanghai Shihua Real Estate Development Co., Ltd., held 896,435,864 shares, representing 48.60% of total shares[97]. - The second-largest shareholder, Shanghai Shang Investment Management Co., Ltd., held 111,779,879 shares, accounting for 6.06%[97]. - The company has issued three types of corporate bonds, with the latest bond issued in 2020 having a balance of 8.00 billion RMB and an interest rate of 2.74%[106]. Financial Health and Compliance - The company’s financial health appears stable with no major penalties or compliance issues reported for the management or controlling shareholders[83]. - The company has not reported any new subsidiaries added to the consolidated financial statements during the year[174]. - The company’s financial statements are prepared based on the going concern assumption, with no significant doubts regarding its ability to continue operations[178]. - The company’s accounting policies comply with the Chinese Accounting Standards and reflect a true and fair view of its financial position[179].