2021-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 167.11 billion, representing a 14.19% increase compared to CNY 146.35 billion in the same period of 2020[14]. - Operating profit decreased by 17.23% to CNY 21.99 billion from CNY 26.56 billion year-on-year[14]. - Total profit fell by 16.52% to CNY 22.08 billion, down from CNY 26.45 billion in the previous year[14]. - Net profit attributable to shareholders was CNY 11.05 billion, a decrease of 11.68% from CNY 12.51 billion in the first half of 2020[14]. - Basic and diluted earnings per share both decreased by 14.08% to CNY 0.95 from CNY 1.11[14]. - The comprehensive diluted return on equity decreased by 1.41 percentage points to 4.98% from 6.39%[14]. - The weighted average return on equity also decreased by 1.65 percentage points to 4.79% from 6.44%[14]. - The company achieved operating revenue of CNY 167.11 billion in the first half of 2021, representing a year-on-year increase of 14.2%[22]. - The net profit attributable to shareholders was CNY 11.05 billion, a decrease of 11.7% compared to the same period last year[22]. - The company reported a net profit of 16.17 billion yuan, a year-on-year decrease of 13.2%, with a diluted return on equity of 4.98%[58]. Cash Flow and Liquidity - The net cash flow from operating activities dropped significantly by 70.00% to CNY 6.78 billion, compared to CNY 22.61 billion in the same period last year[14]. - The company reported an operating cash inflow of 6.78 billion yuan, with cash holdings of 195.22 billion yuan, significantly exceeding short-term liabilities[64]. - Cash flow from operating activities generated a net amount of CNY 6.78 billion, significantly lower than CNY 22.61 billion in the first half of 2020, marking a decline of about 70%[192]. - The company’s financial expenses decreased to CNY 1.43 billion from CNY 2.87 billion in the same period of 2020, indicating a reduction of approximately 50%[187]. - The company maintained a loan repayment rate of 100% during the reporting period[159]. Assets and Liabilities - The company's total assets reached CNY 1.96 trillion, an increase of 4.59% from the beginning of the year[22]. - The total liabilities amounted to CNY 1.59 trillion, reflecting a growth of 4.74% year-to-date[22]. - The net debt ratio increased to 20.21%, up 2.12 percentage points from the previous period[22]. - The total liabilities as of June 30, 2021, amounted to ¥1.59 trillion, an increase of 4.93% from ¥1.52 trillion at the end of 2020[178]. - The total assets as of June 30, 2021, were ¥1.95 trillion, up from ¥1.87 trillion at the end of 2020, reflecting a growth of 4.59%[178]. Real Estate Development - The real estate development business accounted for 86.36% of total revenue, with a revenue of CNY 144.33 billion[22]. - The company sold 21.92 million square meters of real estate, achieving a contract sales amount of CNY 354.43 billion, a year-on-year increase of 10.6%[29]. - The total area of real estate development business settled was 11.154 million square meters, representing a year-on-year increase of 6.2%[34]. - The gross profit margin for settled business was 24.9%, with a net profit margin after tax and additional charges of 19.6%[34]. - The average price of residential sales in the first half was CNY 16,200 per square meter, reflecting market conditions[29]. Investment and Projects - The company acquired 95 new projects with a total planned construction area of 15.059 million square meters, with a total land price of CNY 112.63 billion[37]. - The total building area of ongoing and planned projects was approximately 160.659 million square meters, with ongoing projects accounting for about 112.833 million square meters[38]. - Vanke's projects under construction include 141,601 square meters in Hangzhou and 336,243 square meters in Nanjing, with a total of 1,200,000 square meters planned across various locations[40]. - The company is actively pursuing new developments, with multiple projects in the early stages across various cities, including a 286,866 square meters project in Tianjin[41]. Corporate Governance and Compliance - The company did not declare any cash dividends or bonus shares for the first half of 2021[4]. - The company has not engaged in any significant related party transactions during the reporting period[109]. - The financial report for the first half of 2021 has not been audited, and the company has not received any non-standard audit reports[104]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[106]. - The company guarantees that all assets related to its operations are independently owned and controlled by the listed company[99]. Sustainability and Social Responsibility - The company is committed to sustainable development and has been researching industrialized construction for nearly 20 years[90]. - The company donated 200 million yuan to support poverty alleviation and rural revitalization efforts in Guangdong Province[93]. - Eight projects received three-star green building certification, nine projects received LEED Gold certification or above, and six projects received national healthy building certification during the reporting period[91]. - The company has implemented health standards in 98.6% of new projects since the introduction of its health housing baseline standards in 2020[92]. Shareholder Structure and Investor Relations - As of June 30, 2021, the total number of shares issued by the company was 11,617,732,201, with 83.64% being RMB ordinary shares and 16.30% being overseas listed foreign shares[133]. - The company held multiple investor meetings and conference calls in April, May, and June 2021, engaging over 50 investment firms[130]. - The largest shareholder, Deep Rail Group, held 3,209,810,791 shares, representing 27.63% of the total share capital[142]. - The company’s shareholder structure includes a significant portion of foreign investment, with 16.30% of shares held by overseas investors[133].