Nanshan Holdings(SZ:002314)2022-11-11 07:59Group 1: Financial Performance - In the first half of 2022, the company achieved a total sales amount of 5.33 billion CNY, with equity sales amounting to 2.65 billion CNY, and consolidated sales amounting to 1.97 billion CNY [3] - The company expects to generate a net profit of approximately 490 million CNY from public REITs [2] Group 2: Real Estate Development Strategy - The real estate industry remains a crucial sector for stabilizing China's economy, with ongoing demand and reasonable profit margins despite declining profitability in recent years [3] - The company plans to maintain steady growth in its real estate development business, focusing on cities with net population inflows such as Shanghai, Suzhou, Wuhan, and Changsha [4] Group 3: Land Reserves and Acquisitions - As of mid-2022, the company has a total land reserve of 1.209 million square meters, with a remaining developable area of 977,400 square meters [4] - In the first half of 2022, the company acquired two land parcels in Shanghai and Chengdu, totaling 110 acres with a planned construction area of 135,000 square meters [4] Group 4: New Business Ventures - The company is exploring distributed photovoltaic business through collaboration with China Nuclear Technology, aiming for pilot projects to be launched within the year [4] - The distributed photovoltaic business is currently positioned as a nurturing business due to its limited revenue contribution relative to the company's overall income [4]