The City Will Push The Shanghai And Hangzhou Complex To Save The Performance

Grand joy real estate limited held its mid term performance conference in Hongkong in 2015.

Yuecheng real estate disclosed that in the first half of 2015, the turnover of the company was 2 billion 200 million yuan, down 26% from the same period last year, mainly due to the insufficient supply of sales property that can be accounted for, the gross profit of 1 billion 300 million yuan, the decrease of 27% compared with the same period last year, the gross profit margin being 59%, and the profit attributable to shareholders should be 596 million yuan, down 55% from the same period last year.

Chairman Zhou Zheng, executive director and general manager Han Shi, chief financial officer Xu Hanping, capital market and investor relations director Tan Liyi, Tianjin Joy City General Manager Wu Zheng attended the performance meeting.

In the 1-6 month of 2015, the sales volume of Yuecheng real estate was 280 million yuan, down 77% from the same period last year, and the settlement area was 7422 square meters, down 70% from the same period last year.

With the continuous replenish of sales sources, the sales volume of the first half of the contract reached 997 million yuan, up 26% over the same period last year, and the contracted area was 23 thousand and 700 square meters, an increase of 38% over the same period last year.

In terms of business and investment properties, the company has 14 investment property projects in Beijing, Shanghai, Hongkong and Chengdu, including office buildings,

And hotel apartments, rental income accounted for 48.3% of the total revenue, reaching 1 billion 74 million yuan, an increase of 10% over the same period.

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The rental income of shopping centres rose by 15% to 850 million yuan, while merchant sales rose 29%, totalling 5 billion 600 million yuan.

Hotel rental income rose 15%, to a total of 600 million yuan.

Zhou Zheng said that in the second half of the year, large projects such as Shanghai Joy City and Hangzhou Joy City will be opened one after another, and the sales source will be further replenished.

During the period, in addition to bidding and auction, the Joy City real estate acquired land through various ways such as acquisition, cooperation, acquisition and so on, and acquired the grand city complex of Gongshu District, Hangzhou, adding about 310 thousand square meters.

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As of the end of the term, the company has total reserves of 3 million 440 thousand and 800 square meters, of which the investment property operation area is 2 million 180 thousand and 200 square meters, and the hotel operation area is 441 thousand and 200 square meters.

At the same time, in terms of financial capital, as compared with the same period last year, the net real estate debt and total equity ratio decreased by 1.8 percentage points to 63.4%.