Investment in aviation assets is increasing.

On the evening of August 24, China Merchants released the 2020 semi-annual report. During the reporting period, the company achieved an operating income of 3.868 billion yuan, a year-on-year increase of 49.88%; The total profit was 272 million yuan, a year-on-year increase of102.38%; The net profit attributable to shareholders of listed companies was 65.438+79 billion yuan, a year-on-year increase of 654.38+065.438+00.66%. By the end of the reporting period, the company's total assets were 65.438+05.932 billion yuan, down 3.45% from the beginning; The net assets attributable to shareholders of listed companies were 86,543.8+0.6 billion yuan, an increase of 2.265,438+0% compared with the beginning of the period; The asset-liability ratio was 48.83%, down 2.68 percentage points from the beginning of the year. After the asset reorganization was completed at the end of 20 19, the company adhered to the principle of "grasping both business development and organizational integration", completed strategic planning in the fight against the epidemic and completed organizational integration in the development. While achieving steady growth in performance, the company improved its service quality and customer satisfaction, and tapped its development potential.

The scale of real estate business has grown rapidly.

Market share continues to increase.

At the end of 20 19, China Merchants completed the restructuring and listed on Shenzhen Stock Exchange. After the reorganization and listing, the company's AVIC property and China Merchants Property went hand in hand, deepening regional and market segments, constantly expanding service formats, enriching and extending service connotations, maintaining steady business development, and showing the new value of properties in the new era.

In the first half of 2020, China Merchants Shangcai achieved steady growth in property management business income. During the reporting period, the company's property management business realized operating income of 3.587 billion yuan, accounting for 92.75% of the company's operating income, an increase of 65.438+49.6 million yuan compared with the same period of last year, with an increase of 765.438+0.57%, mainly due to the inclusion of investment properties in the company's merger scope from February 2065.438+2009, and the increase in the income of managed property management projects this year.

At the end of the reporting period, China Merchants Scratch Music had 65,438+0,365,438+05 property management projects with a total management area of 6,543.8+72 million square meters, covering more than 70 major cities in China, with diversified service formats. In the company's property management business, the top five revenue regions are Shenzhen, Jiangsu, Beijing, Shandong and Sichuan, with a total operating income of about 654.38+87.7 million yuan and a total management area of about 73.63 million square meters.

China Merchants Group is one of the early enterprises with digital transformation at the central enterprise group level. The Group insists on promoting digital transformation, empowering business and enhancing core competitiveness. As the only enterprise engaged in property asset management and service under China Merchants Group, China Merchants Scraper has also continuously increased its investment in digitalization and technology empowerment of property business. The company's basic business platform covers more than 200 projects nationwide, with nearly 8 million service orders, 98% work order completion rate and 99% service satisfaction. The business platform model and development framework were established, and 354 data microservices were developed. Initially realize online business, visual management and intelligent facilities, and move forward to upgrade the technology empowerment platform. During the epidemic, China Merchants also actively explored the application of digital tools and new technologies, and realized the docking of π control screen and China Merchants Communication Epidemic Prevention and Control System.

Help customers get back to work during the epidemic.

The asset management business rebounded steadily.

In terms of asset management business, during the reporting period, the company's asset management business realized operating income of 654.38+85 million yuan, accounting for 4.78% of the company's operating income. Affected by the epidemic, the income from shopping center operation, hotel rental and other holding properties decreased compared with the previous year.

During the epidemic, commercial operations such as shopping malls and hotels were directly affected and were in a state of suspension or semi-suspension. Under this situation, China Merchants has practiced its social responsibility and the responsibility of central enterprises with practical actions, and actively responded to the national rent reduction and rent-free policy to help customers return to work. The company also helps the business transition of merchants after returning to work, integrates online and offline channels, and improves the business performance of merchants; Through the digital marketing of members, we can optimize the customer's consumption experience, ensure the continuous operation of shopping centers and boost the confidence of merchants. By the end of June 2020, the passenger flow of the company's asset management business has gradually rebounded to 80% in the same period last year.

In addition, the company's leased properties include hotels, shopping centers, businesses, office buildings and other formats. At the end of the first half of the year, the leased area was 566,5438+0,000 square meters, of which the shopping center property was managed by Q9 Asset Management Company, the hotel property leasing was operated by Grand Sky Hotel, and the rest of the businesses and office buildings were rented out. In addition, the company also holds 1 Crowne Plaza Kunshan and entrusts it to the British Intercontinental Hotels Group for management.

On the whole, although the epidemic situation in the first half of the year had a direct impact on the property industry, China Merchants created a strong operating pressure, and the net profit growth rate of property management business exceeded the industry expectations, and the asset management business gradually picked up. At the strategic level, the company has not been affected by the general environment, and still aims to build a "leading domestic property asset management operator". As a platform for maintaining and increasing the value of China Merchants Group's assets and a platform for carrying assets held by China Merchants Shekou, it has fully played a strategic synergy and delivered a satisfactory answer to the market in the first half of the reorganization.

Analysts believe that in the second half of the year, relying on the resources of the parent company, the company has strong advantages in the expansion of residential and non-residential projects. In addition, professional services are unique and the financial structure remains stable, and the future profit rate level is expected to continue to be repaired.

(Editor Cai Shandan)