Core ideas:

In the first half of 2022, Hopson Development adhered to prudent and prudent financial management, continuously enhanced the margin of capital safety, and built the all-round development of the five major business sectors: real estate, commerce, property management, infrastructure and investment. drive enterprises to continue to achieve a much higher level of net profit margin than that of the industry.

First, the sales performance was steady. In the first half of 2022, the sales amount reached 16.86 billion yuan. In the first half of 2022, Hopson Development realized sales of 16.86 billion yuan, down 20.6% from the same period last year. Due to the hot sales of a number of high unit price projects launched in the first half of 2021, while in 2022, mainly the promotion of stock items, the sales unit price decreased by 34.4% compared with the same period last year. Good performance is inseparable from the precise layout and product power of the enterprise. by the end of June 2022, Hopson Development's land reserve totaled 29.23 million square meters, of which 75% of the land reserve of the real estate sector and 95% of the land reserve of the commercial section are located in first-tier cities, providing a cornerstone for the continued realization of the group's future performance.

Second, pay attention to asset appreciation and excellent profitability

In the first half of 2022, Hopson Development persisted in steady operation and was profit-oriented, achieving operating income of HK $13.17 billion, gross profit margin of 23.3%, net profit of HK $6.3 billion and net profit margin of 47.8%. The decrease in gross profit in the real estate business and the loss in the investment business are the main reasons for the decline in the group's gross profit margin, but in the context of asset appreciation. Hopson Development's net profit margin is still much higher than that of other housing companies in the industry.

Third, tamp the financial safety pad, deducting the pre-asset-liability ratio of 60%

In the first half of 2022, Hopson Development adhered to the bottom line of safety and stability, steadily reduced leverage, the scale of interest-bearing liabilities was 103.52 billion Hong Kong dollars, down 10.2% compared with the end of 2021, the net debt ratio was 68.3%, the asset-liability ratio excluding accounts received in advance was 60.0%, and the cash-to-debt ratio was 0.74 times. Hopson Development diversified business coordinated development, building real estate, property, joint life, infrastructure and investment five major sectors of the whole field development Bring stable cash flow to enterprises, and the pressure of debt repayment is low.