SPG(SZ:000029)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥694,598,218.47, representing a 16.49% increase compared to ¥596,258,495.40 in the same period last year[24]. - The net profit attributable to shareholders was ¥132,447,122.14, a 36.16% increase from ¥97,274,985.72 year-on-year[24]. - The net profit after deducting non-recurring gains and losses was ¥131,437,988.58, which is a 54.30% increase compared to ¥85,184,270.99 in the previous year[24]. - The basic earnings per share rose to ¥0.1309, up 36.07% from ¥0.0962 in the same period last year[24]. - The company's operating profit for the first half of 2021 was approximately ¥178.68 million, an increase from ¥140.01 million in the same period of 2020, representing a growth of about 27.6%[169]. - Net profit for the first half of 2021 reached approximately ¥132.18 million, compared to ¥97.31 million in the first half of 2020, marking an increase of approximately 36%[169]. - The total comprehensive income for the current period is 1,153,397.28, reflecting a significant increase compared to the previous period[191]. Assets and Liabilities - The company's total assets increased by 25.67% to ¥6,204,351,775.64 from ¥4,936,916,746.74 at the end of the previous year[24]. - The company's total assets reached approximately CNY 6.20 billion, up from CNY 4.94 billion, indicating a growth of about 25.5%[149]. - Total liabilities rose to approximately CNY 2.07 billion from CNY 1.28 billion, reflecting an increase of about 62%[151]. - The company's total liabilities reached ¥1,080,872,515.36, an increase from ¥935,000,927.44, representing a rise of 15.6%[162]. - The company's accounts receivable increased to approximately CNY 74.31 million from CNY 59.59 million, a rise of about 24.7%[146]. - The company reported a significant increase in contract liabilities, which rose to approximately CNY 375.04 million from CNY 196.79 million, an increase of about 90.4%[151]. Cash Flow - The net cash flow from operating activities was negative at -¥285,540,751.46, worsening by 34.53% compared to -¥212,242,798.59 in the previous year[24]. - The net cash flow from investing activities was -¥1,750,516,694.28, a significant decrease of 271.58% compared to ¥1,020,263,040.32 in the previous year, mainly due to equity acquisition payments[47]. - The net increase in cash and cash equivalents was -¥1,792,911,046.07, a decline of 379.69% compared to an increase of ¥641,032,673.52 in the previous year[50]. - The company's cash flow from operating activities for the first half of 2021 was approximately ¥958.23 million, compared to ¥685.61 million in the first half of 2020, indicating a growth of about 39.7%[177]. - Total cash inflow from operating activities amounted to 1,206,379,569.58, while cash outflow was 1,491,920,321.04, resulting in a net cash flow deficit[180]. - The total cash and cash equivalents at the end of the period were 876,192,880.75, down from 2,148,222,433.87 at the end of the previous period[183]. Business Operations - The company achieved a contract sales amount of 70.2% of the annual target in the first half of the year, exceeding the planned goal[34]. - Rental income increased by 64.6% year-on-year, completing 51.2% of the annual target[35]. - The company successfully acquired 51% equity in Jianbang Company, laying a solid foundation for sustainable development[34]. - The average occupancy rate of rental properties significantly improved, contributing to enhanced asset management efficiency[35]. - The company implemented strict cost control measures, resulting in effective management of major project budgets[35]. - The company is actively expanding its project portfolio, with significant progress in various ongoing developments[34]. Strategic Initiatives - The company plans to optimize its business layout and focus on new growth points to enhance profitability[43]. - The company aims to improve project construction and marketing efforts to achieve annual targets[44]. - The company will continue to innovate its profit model and explore new growth areas in line with the strategic opportunities presented by the Shenzhen "dual zone" construction[43]. - The company has initiated a mechanism for employee investment in the Linxi Jun project to enhance employee engagement and motivation[35]. Risks and Challenges - The management highlighted potential risks and uncertainties affecting future operational plans, urging investors to be cautious[5]. - The company is facing risks from industry regulations and plans to innovate operational models and optimize development strategies in response to these challenges[73]. - The company aims to expand its land reserves while exploring new fields and nurturing new business formats to address challenges posed by policies like "concentrated land supply"[74]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The controlling shareholder transferred 64,288,426 shares (6.355% of total shares) to the State-owned Equity Management Company to support the social security fund[117]. - The total number of ordinary shareholders at the end of the reporting period was 61,695, with the largest shareholder holding 57.19%[127]. - The company has not issued any new shares or conducted any share buybacks during the reporting period[124]. - The company has not reported any significant changes in shareholding structure or major shareholder actions during the reporting period[127]. Compliance and Governance - The company actively fulfills its social responsibilities, including donations to community health initiatives and participation in pandemic prevention efforts[85]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[89]. - The company reported no violations regarding external guarantees during the reporting period[90]. - The company did not experience any bankruptcy reorganization matters during the reporting period[94]. - The financial report for the first half of 2021 has not been audited[91].