Times Neighborhood expects the increase in profit attributable to the parent in the first half of the year to exceed 80% year-on-year
On July 23, Times Neighborhood Holdings Co., Ltd. issued a positive profit forecast. Compared to the same period in 2020, Times Neighborhood expects that the unaudited profits attributable to equity owners of the Group for the six months ended June 30, 2021 will record a substantial increase, an increase of more than 80%.
The increase was mainly due to the continuous increase in the construction area under management of property management services. The increase was mainly due to the completion of the further equity acquisition and consolidation of Chengdu Heda United Property Services Co., Ltd. in the first half of 2021, which broadened the market share of Times Neighborhood in the Chengdu-Chongqing region of China. In addition, Times Neighborhood has carried out independent external expansion during the period, and progress has been made in different business formats such as industrial parks, residential properties, and public construction properties.
Times Neighborhood refers to Shanghai Keyan Property Services Co., Ltd., which was acquired in June 2020, which has produced superior synergies and has developed in both geography and business formats.
In addition, the income from community value-added services in Times Neighborhood increased significantly during the period. Through “Technology + Services”, community life services cover business sectors such as community retail, Meiju, housing rental and sales, and community commerce.
Shirble Department Store has an estimated loss of up to 220 million yuan in the first half of the year, no income from real estate development consulting services
On July 23, Shirble Department Store Holdings (China) Co., Ltd. issued a profit warning announcement.
According to the announcement, Shibubai expects to record a loss attributable to shareholders of no more than RMB 220 million for the six months ended June 30, 2021, and a profit attributable to shareholders for the six months ended June 30, 2020. Profit of RMB 21.8 million.
The expected loss for the six months ended June 30, 2021 is mainly attributable to the following reasons: The 1.32 billion ordinary shares of Fuyuan International Group Co., Ltd. held by Shirbaobai are measured at fair value and the changes are recorded in profit and loss. The fair value loss of listed equity securities was approximately RMB 116 million, and Shirbao 100 announced on December 30, 2020 that the two real estate development consulting service agreements have been terminated from December 30, 2020 until June 30, 2021. For the six months ended the day, the Group did not have revenue from real estate development consulting services.
Broad Sumitomo Corporation issued a positive profit alert and expects a profit of 35 million yuan to 55 million yuan in the first half of the year
On July 23, Grand Residential Industry issued a positive profit forecast.
According to the announcement, the group is expected to record a profit of approximately RMB 35 million to RMB 55 million for the six months ending June 30, 2021 (a loss of approximately RMB 21.757 million in the same period last year).
This was mainly due to the increase in both (i) PC component business and PC component equipment sales revenue compared with the same period last year; and (ii) the group adjusted the management model of some associated companies from 2018. After the adjustment was completed, it was Remeasured as financial assets that are measured at fair value and whose changes are included in the current profits and losses, the group has recorded relevant valuation gains. For the six months ended June 30, 2021, the Group recorded an increase in valuation gains related to this over the same period last year.
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