In the second half of the year, Xincheng Holding has nearly 15 million square meters of projects to be completed soon. It is expected to open 20 Fu Yue Plaza
On August 23, Xincheng Holdings (601155.SH) released its 2019 semi-annual report. In the first half of this year, Xincheng Holdings achieved an operating income of 17.064 billion yuan, and the net profit attributable to shareholders of listed companies was 2.592 billion yuan.
In the first half of the year, Xincheng Holdings achieved a sales volume of 122.418 billion yuan, a year-on-year increase of 28.44%, and a sales area of 10.4952 million square meters, an increase of 35.5%. According to statistics from Cree, Xincheng Holdings ranked 8th in the industry in the first half of the year.
At the same time as the performance gains, Xincheng Holdings has a significant growth in the market share of the major cities. Compared with the same period of last year, it has been in Jiangsu, Shanghai, Tianjin, Hunan, Shandong, Zhejiang, Hubei and Anhui provinces. Regional TOP10, which has completed sales of 10 billion in cities such as Suzhou, Shanghai and Changzhou.
The commercial brand of the New City Holdings, Wuyue Plaza, achieved rental and management fee income of 1.741 billion yuan in the first half of the year, nearly doubled year-on-year, and the occupancy rate was as high as 98.49%. In the first half of the year, two new openings were opened in Wuyue Plaza. The number of opened business has reached 44. The opened area is 4,110,300 square meters, up 63.06% year-on-year. In the second half of the year, Xincheng Holdings will also open 20 Wuyue Plaza. Up to now, the total number of Wuyue Plaza under construction and opening of New Town Holdings has reached 119.
Real estate sales have sold nearly 29.6 million square meters of unsettled resources, and commercial rental management fee income has nearly doubled
In the report period, Xincheng Holdings achieved a settlement area of 2,465,100 square meters and a settlement amount of 27.477 billion yuan (including cooperative projects), achieving an operating income of 17.064 billion yuan, an increase of 8.29% over the same period of the previous year.
According to the semi-annual report, Xincheng Holding completed the completion area of 4,041,100 square meters in the first half of the year, while the planned completion area in the second half of the year was as high as 14.6922 million square meters, including 106.851 million square meters of residential projects and 4,007,500 square meters of commercial complex projects.
Based on this analysis, the revenue and profit settlement of Xincheng Holdings this year will also show a clear low and high trend. Compared with the completed area of 9,792,200 square meters (including joint ventures) in 2018, the planned completion area of Xincheng Holdings in 2019 is expected to exceed 18 million square meters, an increase of more than 90%.
In the first half of the year, Xincheng Holdings achieved a net profit attributable to shareholders of listed companies of 2.592 billion yuan, an increase of 2.13% over the same period of the previous year. In this regard, industry insiders analyzed that Xincheng Holdings’ contract sales amount increased by 28.44% in the first half of the year, and the corresponding marketing expenses and management expenses rigid expenditures will be higher than the same period of last year, so the profit growth year-on-year is less than the year-on-year growth of operating income.
At the same time, according to the semi-annual report, New Town