On August 31, New Hope Real Estate released the 2021 Semi-Annual Report.
The semi-annual report shows that in the first half of 2021, operating income and net profit will once again achieve steady growth. Operating income was 10.862 billion and net profit was 1.083 billion, with year-on-year growth of 118.89% and 98.27% respectively.
The company’s financial policy remained stable and the debt structure was further optimized. Excluding the pre-receipt, the debt-to-asset ratio is 68.00%, the net debt ratio is 73.60%, and the short-to-cash debt ratio is 1.31. The “three red lines” have remained green for three consecutive years.
The semi-annual report shows that New Hope Real Estate’s pre-sale housing payments totaled 54.662 billion yuan, a year-on-year increase of 16.32%, laying a good foundation for the achievement of performance at the end of the year and in the future. New Hope Real Estate’s total assets were 161.390 billion yuan, an increase of 12.26% from the beginning of the year, and advance receipts accounted for 31% of total assets. The company’s total interest-bearing liabilities were 35.924 billion yuan, and interest-bearing liabilities accounted for 28.23%, a year-on-year decrease of 4.58%. The proportion of interest-bearing liabilities due within one year is maintained at about 20%, and a good capital structure has always been maintained.
With the support of long-term intensive cultivation of “new first-tier, strong second-tier” cities and focusing on products and services, New Hope Real Estate achieved full-caliber contract sales of 64.08 billion yuan in the first half of 2021, a year-on-year increase of 101.03%, and the overall resource depletion rate reached 60 %, and the sales collection rate exceeds 95%.
Maintaining a stable financial structure, realizing “received investment”, adhering to strategic focus and the addition of product and service capabilities, has also brought opportunities for New Hope Real Estate, which is expected to deleverage in the real estate industry and the industry as a whole is facing a “big test” Under the circumstances, seek progress while maintaining stability.
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