Home » Magnesium · Interim Report Quick Reading | Zhengrong Real Estate: Contracted sales in the first half of the year increased by 47.0% year-on-year to 82.299 billion yuan | Daily Economic News

Magnesium · Interim Report Quick Reading | Zhengrong Real Estate: Contracted sales in the first half of the year increased by 47.0% year-on-year to 82.299 billion yuan | Daily Economic News

by admin

On the evening of August 22, Zhengrong Real Estate (6158.HK) announced its 2021 interim results. During the period, it achieved operating income of approximately 16.01 billion yuan, a year-on-year increase of approximately 10.1%; gross profit margin was 19.1%, a decrease of 1.2 percentage points from the same period last year , Lower than the industry average gross profit margin (26.7%) by 7.6 percentage points in 2020; net profit attributable to the parent is about 1.17 billion yuan, a year-on-year increase of 33.1%, 50.9 percentage points higher than the industry average net profit attributable to the parent in 2020 (-17.8%) .

In the middle of 2021, the asset-liability ratio of Zhengrong Real Estate is 81.2%, which exceeds the industry average asset-liability ratio (79.1%) by 2.1 percentage points in 2020.

During the reporting period, Zhengrong Real Estate achieved contracted sales of approximately 82.299 billion yuan, a year-on-year increase of approximately 47.0%, which exceeded the average growth rate (37.8%) of the top 100 real estate companies in the first half of 2021 by approximately 9.2 percentage points, and achieved the annual sales target of 150 billion yuan. Of 54.9%.

During the reporting period, Zhengrong Real Estate added a total of approximately 3.56 million square meters of land bank construction area, of which 33%, 28% and 24% were located in the three core regions of the Yangtze River Delta, the West Bank of the Straits and the Pearl River Delta, while the rest were located in the central and western regions. Around the Bohai Sea. As of June 30, 2021, Zhengrong Real Estate has accumulated total land bank construction area of ​​29.3 million square meters in 35 cities across the country, of which 82% are located in first- and second-tier cities; the proportion of land bank equity (calculated by construction area) is about 56 %.

See also  Herisau-based textile finisher Cilander is getting fit

(Data support provided by Shell Research Institute)

Cover image source: every drawing

Copyright notice

1This article is the original work of “Daily Economic News”.

2

Without the authorization of “Daily Economic News”, it may not be used in any way, including but not limited to reprinting, extracting, copying or creating mirror images, etc., offenders must be investigated.

3Copyright cooperation telephone: 021-60900099.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy