Core views:

On August 12, 2021, Jianye New Life released its mid-year performance report. During the reporting period, the management area reached 115 million square meters, an increase of 64.3% over the previous year; the contract area was 209 million square meters, up 45.1% year on year; total revenue was 1,564 million yuan, up 47.4% year on year; net profit was 271 million yuan, up 43.4% year on year, net interest rate reached 17.3%. It basically achieved the 2021 performance guidance target of a 50% increase in total revenue and a 40% increase in net profit.

The management area, contract area, and total revenue of Jianye New Life all increased by more than 45% year-on-year. The reasons for the high growth in Jianye New Life's core data were the following three points:

Jianye Xinlife has received high brand recognition in Henan Province, and third-party expansion has increased exponentially, leading to an expansion of scale; in-depth regional cultivation has achieved remarkable results. As management scale and regional project density have increased, total revenue has increased rapidly; “Jianye +” platform construction has achieved intelligent empowerment. Through intelligent supply chain expansion, various businesses can generate synergies based on scale, further increasing total revenue and maintaining high profitability.