Gelonghui August 19 丨Fangda Group(000055.SZ) disclosed the 2019 semi-annual report. During the reporting period, the company achieved operating income of 1,426 million yuan, down 1.12% from the previous year; net profit attributable to shareholders of listed companies was 129 million yuan, down 44.13% from the previous year; net cash outflow from operating activities was 373 million yuan, compared with a net outflow of 31.4263 million yuan for the same period last year; basic earnings per share of 0.11 yuan, weighted average return on net assets of 2.55%.

The main reason for the decline in the company's operating income and net profit is that the sales area of the Fangdacheng project, which has high gross profit and contributed greatly to profit in the same period last year, is nearing completion. The project achieved operating revenue of 205 million yuan in the first half of 2019, a decrease of 272 million yuan over the same period last year, a decrease of 57.03%, and net profit of 55.2946 million yuan, a decrease of 67.24% over the same period last year.

In addition, in the first half of the year, the company's two main industries, the curtain wall systems and materials industry and the rail transit shield door equipment industry, developed well. The operating income and net profit of the curtain wall systems and materials industry increased by 23.53% and 33%, respectively, while the operating income and net profit of the rail transit shielding door equipment industry increased 50.79% and 68.76%, respectively. By the end of the reporting period, the company's order reserve was 4.993 billion yuan (excluding real estate sales), an increase of 7.71% over the beginning of the year, 3.5 times the operating income of the first half of the year. Adequate order reserves provided a strong guarantee for the company's continued development.