Cai Jing Wang·2025-08-28 05:24Core Viewpoint - Beijing Jinyu Group Co., Ltd. reported a significant decline in net profit for the first half of 2025, with a total revenue of 45.57 billion yuan and a net loss of 1.5 billion yuan, indicating challenges in both its core and real estate businesses [1][2] Group 1: Financial Performance - The company achieved operating revenue of 45.57 billion yuan, with main business revenue at 45.22 billion yuan [1] - Total profit was -1.33 billion yuan, and net profit attributable to shareholders was -1.5 billion yuan [1] - The new green building materials segment generated 40.49 billion yuan in main business revenue, a year-on-year increase of 14.8%, but reported a loss of 590 million yuan, although this was an improvement of 40.8% year-on-year [1] - Cement and clinker sales reached 37.38 million tons, a decrease of 2.1% year-on-year, with a cement sales volume of 32.46 million tons [1] - The comprehensive gross margin for cement and clinker was 20.71%, an increase of 10.35 percentage points year-on-year [1] - Concrete business saw a new capacity of 9.23 million cubic meters, with sales of 7.27 million cubic meters, a year-on-year increase of 35.1%, and a gross margin of 9.24% [1] - The new materials segment achieved revenue of 6.6 billion yuan, a year-on-year increase of 6.1%, with a gross margin of 15%, up 1.3 percentage points year-on-year [1] Group 2: Real Estate and Development - The real estate segment reported revenue of 5.23 billion yuan, a year-on-year decline of 51.4%, with a loss of 740 million yuan, worsening by 660 million yuan year-on-year [1] - The company emphasized a strategy of "stabilizing profits, securing cash flow, and adjusting structure" in its development business [2] - Sales area reached 328,200 square meters, a year-on-year increase of 12%, while business revenue was 3.66 billion yuan, down 58.5% year-on-year [2] - The recognized area was 264,000 square meters, a decrease of 32% year-on-year, with a cumulative contract signing amount of 6.82 billion yuan, up 29% [2] - Cash collection amounted to 6.493 billion yuan, a year-on-year increase of 13% [2] - As of June 30, 2025, the company had a land reserve of 5.63 million square meters [2] Group 3: Other Business Segments - The quality of hotel and resort operations continued to improve, and the operational efficiency of the technology and cultural creative park increased [2] - The company won the property service project for the National Trust Innovation Park Phase I, adding a management area of 635,000 square meters [2] - The total area of high-end office buildings, commercial properties, and industrial parks held by the company was 2.654 million square meters, with an average occupancy rate of 77% [2] - In the core area of Beijing, the company held 725,000 square meters of grade B or above high-end investment properties, with an average occupancy rate of 85% and an average rental price of 8.5 yuan per square meter per day [2]