GREATTOWN(SH:900940)2021-08-06 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥4.20 billion, a decrease of 45.20% compared to ¥7.67 billion in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥238.60 million, down 21.06% from ¥302.28 million in the previous year[18]. - The net cash flow from operating activities was approximately ¥944.92 million, a decline of 50.58% compared to ¥1.91 billion in the same period last year[18]. - The basic earnings per share for the first half of 2021 was ¥0.0964, representing a decrease of 21.05% from ¥0.1221 in the same period last year[19]. - The company achieved operating revenue of 4.203 billion yuan, a year-on-year decrease of 45.20%, and a net profit attributable to shareholders of 239 million yuan, down 21.06% year-on-year[28]. - The company reported a significant increase in net cash flow from investing activities, rising 206.46% to ¥647,651,952.40 from ¥211,331,522.38[34]. - The gross profit margin for the real estate sector was 17.06%, with a decrease in revenue of 44.90% compared to the previous year[36]. - The net profit after deducting non-recurring gains and losses for the first half of 2021 was ¥46,729,193.22, a decrease of 84.30% compared to ¥297,600,130.15 in the same period last year[94]. - The total comprehensive income for the first half of 2021 was ¥23,348,258.20, a sharp decline from ¥1,458,138,912.52 in the first half of 2020[110]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥36.92 billion, a decrease of 2.43% from ¥37.83 billion at the end of the previous year[18]. - The total liabilities decreased to ¥23,072,128,230.48 from ¥23,713,018,816.13, indicating a reduction in overall debt levels[99]. - The total current liabilities decreased to ¥15,031,746,066.22 from ¥16,836,961,091.28, showing a reduction in short-term obligations[98]. - The long-term borrowings increased to ¥6,416,133,868.78 from ¥5,159,102,001.02, indicating a rise in long-term debt commitments[98]. - The total equity attributable to shareholders increased to ¥13,314,853,693.69 from ¥13,131,038,424.48, reflecting a growth in shareholder value[99]. Cash Flow - The net cash flow from financing activities was negative at -¥592,976,659.48, primarily due to loan repayments during the period[34]. - The total cash inflow from investment activities was 703,301,141.83 RMB, significantly higher than 237,645,024.92 RMB in the previous year, marking an increase of 195.5%[113]. - The total cash and cash equivalents at the end of the period were 3,176,263,678.47 RMB, down from 5,759,561,158.73 RMB at the end of the previous year[114]. - The cash flow from financing activities showed a net inflow of 107,000,482.86 RMB, a decrease from 1,116,530,457.77 in the previous year[116]. Market and Operations - The company signed a total area of 264,200 square meters, achieving a sales amount of 4.842 billion yuan during the reporting period[30]. - The company continues to focus on cautious land reserve expansion and has successfully acquired land in Shanghai's Fengxian District during the reporting period[30]. - The company is actively preparing for the pre-sale permits and launches of several projects in Shanghai's five new towns[30]. - The company plans to enhance its product quality and service, emphasizing customer experience and brand influence through optimized product structure[24]. - The company aims to balance profit and scale, focusing on quality operations and cautious management strategies[24]. Shareholder Information - The company has a total of 68,546 ordinary shareholders as of the end of the reporting period[80]. - The company reported a total of 171,457,717 shares held by Yu Li, representing 6.93% of the total shares[83]. - The top ten unrestricted shareholders collectively hold 1,000,000,000 shares, with Mingcheng Enterprise Management Group being the largest shareholder[83]. Compliance and Governance - The financial report was approved by the board of directors on August 5, 2021, indicating ongoing compliance with accounting standards[145]. - The company has confirmed its ability to continue as a going concern for the next 12 months from the reporting date[143]. - The accounting policies adhere to the latest enterprise accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[145]. Investment and Development - The total investment in real estate development during the reporting period was RMB 101,237.37 million, with actual investment amounting to RMB 9,107.23 million for the Yongtai East Tourism New City project[41]. - The company is focusing on residential and mixed-use developments, with a notable project in the Greater Bay Area, which has a total area of 337,200 square meters[41]. - The company has a strong pipeline of projects, with a total of 1,136,392.80 square meters under development, indicating robust growth potential[41]. Financial Management - The company has issued bonds with a total amount of 14.591 billion RMB and an interest rate of 7.5%[88]. - The company maintained a long-term credit rating of AA+ with a stable outlook as of June 23, 2021[91]. - The company did not trigger any investor protection clauses during the reporting period[89]. Risk Management - The company has not disclosed any significant risks that could materially affect its operations during the reporting period[5]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[5].