Original title: Longhu commercial half-year rental income reached 3.71 billion yuan
On August 25, 2021, Longfor Group Holdings Limited (“Longfor Group” or “Group”, Hong Kong Stock Exchange stock code: 960) announced its results for the half year ended June 30, 2021.
With the momentum of picking up consumption, Longfor’s business is advancing steadily. In the first half of this year, the five Tianjie opened as scheduled, bringing more joyful entrances to urban residents. Among them, Longhu Changsha Yanghu Tian Street, as the first Tian Street in Central China, opened in May this year. The brand’s first store and flagship store accounted for 40%; Wuhan Jiangchen Tian Street, as the first Tian Street in Wuhan, opened for two days The passenger flow exceeded 470,000, and the sales amounted to 35.55 million yuan.
As of June 2021, Longfor Commercial has entered 28 cities across the country, with a total of 54 shopping malls opened, with a total construction area of 5.24 million square meters (including parking spaces, total construction area of 6.72 million square meters), and an overall occupancy rate of 97.8% . Compared with the same period last year, commercial rents increased by 39% to 3.71 billion yuan, and shopping mall sales increased by 100% to 22.2 billion yuan, with an average daily passenger flow of 2.01 million. The same-store sales of opened shopping malls achieved a 60% increase year-on-year, helping the development and upgrading of urban consumption.
In the future, Longfor Commercial will continue to polish its space creation and service innovation capabilities, and continue to release the momentum for upward growth. While digging a deep storage pool for the development of the group, it will also create more “happy entrances at the moment of change” for the city, and strive to create people A beautiful link with more vitality of space.
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