LJZ(SH:900932)2021-07-29 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥5,776,679,357.13, a decrease of 12.83% compared to the same period last year[32]. - The net profit attributable to shareholders for the same period was ¥2,056,569,713.26, representing an increase of 22.52% year-on-year[32]. - The net cash flow from operating activities reached ¥1,924,332,849.04, a significant recovery from a negative cash flow of ¥1,875,536,319.78 in the previous year[32]. - The total assets of the company at the end of the reporting period were ¥106,241,801,208.04, an increase of 4.82% compared to the end of the previous year[32]. - The basic earnings per share for the first half of 2021 was ¥0.5098, up 22.52% from ¥0.4161 in the same period last year[33]. - The company's real estate sales revenue was ¥1,602,912,230.33, down 35.73% year-on-year, while rental income increased by 5.60% to ¥1,657,308,807.13[35]. - The gross profit margin for the real estate sales segment decreased by 7.87 percentage points to 74.34%[35]. - The company reported a total of ¥392,147,829.38 in non-recurring gains and losses for the reporting period[37]. - The company reported a total revenue of 1,126,741.46 million, with a net profit of 750,012.71 million for the first half of 2021[92]. - The company reported a net profit of 1,664,421,883.88 yuan for the first half of 2021, representing a 1.71% increase compared to the same period last year[140]. Property Management and Development - In the first half of 2021, the company achieved a rental occupancy rate of 78% for prime office properties in Shanghai and 74% in Tianjin, with average rents of 8.36 RMB/sqm/day and 3.45 RMB/sqm/day respectively[10]. - The total area of properties held by the company reached 2,817,326 sqm, with a rental occupancy rate of 84% for hotel properties and an average room rate of 470.85 RMB/night[10]. - The company reported a total of 202,320 sqm available for sale in residential properties, with a total signed area of 35,977 sqm, resulting in an overall sales rate of 53%[11]. - The company plans to fully open the Shangri-La Hotel and Taikoo Li shopping mall in the Qiantan International Business District by the end of 2021, marking a new phase in its development operations[5]. - The company is actively participating in the development of emerging areas in Pudong, including the Qiantan International Business District and Zhangjiang Science City[44]. - The company achieved a total cash inflow from property sales of 3.886 billion yuan, with a contract sales area of 36,000 square meters, representing a year-on-year growth of 208%[61]. - The total rental income from long-term operating properties was 1.889 billion yuan, with office properties generating 1.570 billion yuan, a year-on-year increase of 2%[54]. - The rental income from commercial properties reached 236 million yuan, up 84% year-on-year[54]. - The hotel property revenue was 51 million yuan, reflecting a significant increase of 131.82% compared to the previous year[56]. Financial Services and Investments - The company’s financial services segment is being strengthened through resource allocation and management coordination to boost value and profitability[4]. - The financial services revenue for the first half of 2021 was 1.473 billion yuan, accounting for 25.50% of the total operating income[63]. - The company has integrated financial services deeply into the regional industrial chain, promoting the stable and healthy development of its financial sector[40]. - The financial services sector aims to optimize business structure and increase project reserves, with a focus on becoming a leading player in the industry[76]. - The company has completed acquisitions in the financial sector and is improving the self-management capabilities of its licensed financial institutions[95]. - The company’s investment in trust plans increased significantly, with a total value rising from RMB 3,157,507,612.74 to RMB 6,870,194,312.19, an increase of 3,712,686,699.45[89]. Risk Management and Compliance - The company has outlined potential risks in its report, emphasizing the importance of investor awareness regarding future plans and strategies[18]. - The company is focusing on risk prevention mechanisms in response to increased regulatory scrutiny in the financial sector[95]. - The company has committed to not engaging in any competitive financial activities with its subsidiaries, ensuring no direct or indirect competition exists[104]. - The company guarantees that all related transactions will be conducted at fair market prices, ensuring no harm to the interests of other shareholders[105]. - The company has established independent financial and operational structures for its subsidiaries, ensuring financial independence and compliance with tax regulations[105]. - The company has committed to compensating for any losses incurred by the listed company due to violations of these commitments[105]. Shareholder and Equity Information - The total number of ordinary shareholders as of the end of the reporting period is 116,982[120]. - The largest shareholder, Shanghai Lujiazui (Group) Co., Ltd., holds 56.42% of the shares, totaling 2,276,005,663 shares[122]. - The company has issued bonds with a total balance of 4.3 billion RMB, with interest rates ranging from 3.90% to 4.15%[131]. - The company’s bond issuance includes a 500 million RMB bond maturing on March 26, 2023, with a 3.90% interest rate[131]. - The company reported a total equity attributable to the parent company at the end of the reporting period was CNY 20,311,031,629.45, compared to CNY 18,119,232,085.30 at the beginning of the year[159]. - The company distributed CNY 2,009,030,325.12 to shareholders during the reporting period[166]. Operational Efficiency and Strategy - The company aims to enhance regional development, leasing, and operational capabilities in response to market opportunities and challenges[5]. - The company focuses on core business development, integrating resources to enhance the value of core assets, and aims to maximize shareholder interests through a dual-driven strategy of "real estate + finance"[41]. - The company plans to enhance business coordination and focus on the "Golden Central Ring" initiative, aiming to leverage regional development opportunities[69]. - The company aims to improve operational efficiency and financial management while expanding financing channels to support ongoing projects and operations[70]. - The company is committed to improving service quality in property management, emphasizing customer-centric values and pandemic prevention measures[73]. Accounting and Financial Reporting - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and performance[176]. - The accounting period for the company runs from January 1 to December 31 each year[177]. - The company's functional currency is Renminbi (RMB)[178]. - The company applies the purchase method for business combinations, measuring the cost of acquisition and identifiable net assets at fair value on the acquisition date[180]. - All significant intercompany balances, transactions, and unrealized profits are eliminated in the consolidated financial statements[182].