Yuexiu Real Estate's goal of the annual goal of maintaining 123.5 billion yuan, it is expected that the market is expected to recover

Text/Yangcheng Evening News all -media reporter Zhao Yanhua

Photo/Interviewee provided

On August 18, the mid -term performance announcement released by Yuexiu Real Estate showed that in the first half of 2022, Yuexiu Real Estate achieved operating income of about RMB 3129 billion, an increase of 29.1%year -on -year. Yuexiu Real Estate records contract sales (with the contract sales of the joint venture project) of approximately RMB 48.91 billion, an increase of 3.2%year -on -year; the average contract sales price of 27,500 yuan/square meter, an increase of 4.2%year -on -year; It was 29.34 billion yuan, accounting for 60%of the company's contract sales.

Yuexiu Real Estate Performance Conference site

The core net profit was 2.13 billion yuan, an increase of 1.4% year -on -year

A reporter from Yangcheng Evening News noticed that the "shareholders should occupy profits (note: referring to the profit holder should be profitable)" in the report. " The exchange loss and the impairment of individual investment properties ", at the performance conference, Lin Zhaoyuan, chairman of Yuexiu Real Estate, believes that" the reduction of profits is not cash ", that is, floating losses.

If the influence of these two major factors, in the first half of the year, the core net profit realized by Yuexiu Real Estate was about 2.13 billion yuan, an increase of 1.4%year -on -year. %, Corresponding to 0.275 yuan per share, an increase of 1.5%year -on -year.

It is worth noting that, in the first half of the year, although the increase in operating income of Yuexiu Real Estate far exceeded the same period last year, the gross profit margin decreased from 26.8%last year to 21.2%.

In this regard, Lin Zhaoyuan responded that the gross profit margin was still maintaining a reasonable target range of 20%to 25%. The profitability of profitability maintains a reasonable level. "

Compared with their peers, Yuexiu Real Estate's performance in the first half of the year was a lot better. It is understood that in the first half of the year, at least 53 listed real estate companies issued a announcement of decline or loss of profits.

Nearly 40 % of the annual targets have been completed

Regarding the real estate situation in the second half of the year, Lin Zhaoyuan predicts that under the premise of "housing does not fry", "the policy will only relax, and (the market) also hopes to gradually stabilize and recover. Of course It may be differentiated. From the perspective of the heat of the second batch of concentrated soil auctions, the core cities will recover in advance. "

Earlier this year, Yuexiu Real Estate established an annual contract sales target of 123.5 billion yuan, which is one of the few real estate companies that release their targets. Lin Zhaoyuan said: "This year's company's goals are not adjusted, and management is still very confident." Based on the target amount, Yuexiu Real Estate completed 39.6%of the annual goals in the first half of the year.

In the industry adjustment period, the results of the half -year achievements with financial advantages are more fruitful, whether it is sales or investment. In the first half of the year, Yuexiu Real Estate added 16 new land in 7 cities in Guangzhou, Foshan, Zhongshan, Hangzhou, Hefei, Zhengzhou, and Changsha, with a total construction area of ​​about 3.46 million square meters.

It is worth mentioning that Yuexiu Real Estate's investment budget in 2022 was 45.7 billion yuan. For the investment plan in the second half of the year, Lin Zhaoyuan said: "First of all, the company is still the rating of rating. It uses a good leverage to meet the premise of the rating and promote the investment in investment from the perspective of financial stability."

In addition, Moody's and Fitch gave Yuexiu Real Estate's investment -level credit rating, looking forward to "stability". In terms of "Three Red Line" related indicators, Yuexiu Real Estate excludes the asset -liability ratio, net debt ratio and short -cash debt ratio after the pre -collection of deposits, is 69.4%, 59.7%, and 1.45 times, respectively. The average real estate borrowing cost decreased by 34 basis points from the same period last year to 4.11%.

Did not participate in the acquisition of the Evergrande project

In response to the problem of acquisitions in the market, Lin Zhaoyuan said that various types of assets on the market have concerned, "Especially in the cities we have deployed, the projects we recognize are actively advancing."

Source | Yangcheng Evening News • Yangcheng School

Editor -in -law | Hu Yan

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