Investor's Newsletter for August 2021

(September 3, 2021) Shimao Group Holdings Limited ("Shimao Group" or the "Company", and its subsidiaries, together the "Group", stock code: 813.HK) is pleased to announce certain unaudited operating statistics for August 2021.

From January to August

Contracted sales

Y-o-Y

Contracted sold area

Y-o-Y

(RMB billion)

change

(sq. m.)

change

2021

198.918

+17.7%

11,206,425

+16.4%

2020

169.003

9,629,893

The aggregated contracted sales from January to August 2021 amounted to RMB198.918 billion and the aggregated contracted sold area amounted to 11,206,425 sq. m., representing year-on-year increase of 17.7% and 16.4% respectively. The average selling price for the eight months ended August 31, 2021 was RMB17,750 per sq. m..

In August 2021, the Group's contracted sales was RMB24.038 billion, the contracted sold area was 1,359,960 sq. m., representing year-on-year decrease of 18.7% and 19.8% respectively. The decrease was mainly due to the overall market decline and delays in new products launch as a result of resurgence of epidemics in Nanjing, Yangzhou, Zhengzhou, and other cities. The average selling price for August was RMB17,676 per sq. m..

News in brief:

  1. Shimao Group announced 2021 Interim Results: fundamentals built a solid foundation with non-property development businesses entered the fast lane. On August 30, Shimao Group (00813.HK) announced 2021 Interim Results. During the reporting period, contracted sales reached RMB152.8 billion, representing a year-on-yearincrease of 38.3%. Revenue reached RMB73.4 billion, representing a year-on-yearincrease of 13.7%. Net profit from core business attributable to shareholders was RMB6.2 billion, representing a year-on-yearincrease of 11.5%. Revenue from non-propertydevelopment businesses recorded a significant year-on-yearincrease of 128% to RMB6.6 billion, accounting for 9% of total revenue. It fully reflected Shimao's forward-lookingdiversified strategic system, and strengthened Shimao's competitiveness during the industry cycle. The annual target for Shimao's revenue from non-propertydevelopment businesses is over RMB15 billion, representing an increase of approximately 74%; The 3-yeartarget is revenue from non-propertydevelopment businesses accounts for more than 20% of the Group's total revenue. The growth of revenue from non-propertydevelopment businesses is derived from the strategic execution of the "Giant Aircraft" strategy of Shimao Group. In terms of diversified businesses, in the first half of the year, the income from property management services, commercial, and hotel all achieved rapid growth. Commercial asset-lightmanagement company, hotel asset-lightmanagement company, and agent construction management company have been established in phases as planned to reflect the value of the Group.
  2. Shanghai Shimao announced 2021 Interim Results: both revenue and profit increased. On August 20, Shanghai Shimao (600823.SH) announced 2021 Interim Results. During the reporting period, revenue reached RMB11.9 billion, representing a year-on-yearincrease of 30%. Gross profit reached RMB45.9 billion, representing a year-on-yearincrease of 33%, achieving steady growth in overall performance.

Shanghai Shimao's total assets amounted to RMB154.8 billion, net assets attributable to the parent company were RMB27.4 billion, liabilities-to-assets ratio was 63%, and its net gearing ratio was only 19%. Its average financing cost was 5.2%, which continued to be at a low level in the industry.

  1. Shimao Services announced 2021 Interim Results: achieving rapid and quality growth. On August 25, Shimao Services (873.HK) announced 2021 Interim Results. In the first half of 2021, the revenue of Shimao Services reached RMB4.234 billion, representing a significant year-on-yearincrease of 171%. Net profit attributable to the parent company was RMB578 million, representing a year-on-yearincrease of 136%, steadily achieved rapid and quality growth.
  2. Shimao Group was included in the first phase of Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index. On August 23, Hang Seng Indexes Company launched the Hang Seng Shanghai-Shenzhen-HongKong (Selected Corporations) High Dividend Yield Index, reflecting the overall performance of high-yieldcompanies listed in Hong Kong and/or mainland China and operate in mainland China, Hong Kong or Macau, with a fixed number of 30 constituents. Shimao Group (0813.HK) was included in the first phase of constituent stocks. Bank of China, China Resources Cement, Gree Electric, Sinopec, and Tingyi were also included.

-End-

*All the above figures are unaudited and meant for reference only, and are not intended, nor should be construed, to be an investment advice. Investors should exercise caution when interpreting these data.

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For enquiries, please contact Shimao IR Team

IR Head: Andy Li, ACG, ACS <_yijun_li40_shimaogroup.com>Senior IR Manager: Fu Xiaochuan <_xiaochuan_fu40_shimaogroup.com>Sandy Lau <_lau.sandy40_shimaogroup.com.hk>

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Shimao Property Holdings Limited published this content on 03 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2021 01:41:05 UTC.