SFHN(SZ:000631)2022-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥123,955,809.23, representing a 2.79% increase compared to ¥120,591,696.44 in the same period last year[31]. - The net profit attributable to shareholders for the first half of 2022 was ¥85,156,354.69, a significant increase of 104.47% from ¥41,647,435.66 in the previous year[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥70,824,030.75, up 172.76% from ¥25,965,596.49 in the same period last year[31]. - Basic earnings per share for the first half of 2022 were ¥0.04, doubling from ¥0.02 in the same period last year[31]. - Diluted earnings per share also stood at ¥0.04, reflecting a 100% increase compared to ¥0.02 in the previous year[31]. - The total profit for the same period was 116.23 million yuan, reflecting a significant year-on-year growth of 103.75%[53]. - The company's net profit for the first half of 2022 was 89,753,163.56, a significant increase from 44,589,775.00 in the same period of 2021, representing a growth of approximately 101.5%[171]. - Total profit for the first half of 2022 reached 116,229,304.86, compared to 57,045,227.08 in the previous year, indicating an increase of about 104.5%[171]. Cash Flow and Assets - The net cash flow from operating activities decreased by 62.41%, amounting to ¥391,809,449.89 compared to ¥1,042,224,700.05 in the previous year[31]. - The company's cash and cash equivalents decreased by 196.07% to -¥1,139,227,999.55, reflecting a significant drop in pre-sale receipts and an increase in fixed deposit net inflows[62]. - Cash and cash equivalents at the end of the period were ¥2,479,284,419.47, down 29.0% from ¥3,493,621,462.21 at the end of the first half of 2021[181]. - The total assets at the end of the reporting period were ¥9,455,214,725.96, reflecting a 4.01% increase from ¥9,090,496,518.77 at the end of the previous year[31]. - The company's cash and cash equivalents amounted to CNY 5,640,796,859.90, an increase from CNY 5,376,524,840.60, reflecting a growth of about 4.90%[155]. - The total current liabilities reached CNY 2,021,080,513.51, up from CNY 1,625,176,386.93, reflecting an increase of approximately 24.36%[158]. Investment and Projects - The company is involved in wind power project development, construction, and operation, converting wind energy into electricity to meet national demand[40]. - The company is focusing on the development of wind power projects, with a target of reaching an installed capacity of over 6.41 million kilowatts[52]. - The company has a total land reserve of 45.23 million square meters, with a remaining developable area of 50.10 million square meters[54]. - The company’s ongoing projects include the Meisong City in Hangzhou, with a focus on residential and commercial properties[49]. Market and Industry Trends - The real estate sector faced a 5.4% decline in investment, totaling ¥68,314 billion, with residential investment down by 4.5% to ¥51,804 billion[41]. - The total sales area of commercial housing decreased by 22.2% year-on-year, amounting to 68,923 million square meters, with residential sales area dropping by 26.6%[41]. - The property service industry is experiencing increased investment in both hardware and software services, enhancing service quality despite market pressures[42]. - The company has identified opportunities for market expansion in response to favorable policies for community services and smart city development[42]. Shareholder and Equity Information - The total number of shares after the recent changes is 2,432,519,168, representing 100.00% of the total shares[130]. - The company repurchased a total of 25,184,435 shares, accounting for 1.04% of the total share capital, with a total expenditure of approximately 89.39 million RMB[131]. - The largest shareholder, Wanxiang Group Company, holds 1,491,831,780 shares, accounting for 61.33% of the total shares[136]. - The total number of common shareholders at the end of the reporting period is 23,060[136]. Risks and Management - The company faces significant policy risks due to fluctuating real estate policies and the cancellation of wind power subsidies, which may impact future business expansion[85]. - Management risks are heightened due to strategic adjustments requiring improved talent and operational management[86]. - The management team is experienced and committed to sustainable development through resource integration and execution capabilities[58]. Other Financial Metrics - The operating cost decreased by 12.06% to ¥62,019,344.82 from ¥70,524,004.87 in the previous year, contributing to improved profitability[62]. - The company reported a substantial increase in income tax expenses, rising by 112.57% to ¥26,476,141.30, attributed to higher profits[62]. - The company's tax expenses for the first half of 2022 amounted to 26,476,141.30, compared to 12,455,452.08 in the previous year, which is an increase of approximately 112.3%[171].