China News Service, August 25. On the 25th, Country Garden (02007.hk) announced its 2020 interim results. The data shows that in the first half of the year, the company realized a total of approximately 266.95 billion yuan of contracted sales attributable to shareholders’ equity of the company, and approximately 31.85 million square meters of contracted sales area attributable to shareholders’ equity of the company. ) In the statistics of the full-caliber sales rankings, Country Garden's sales amounted to 372.31 billion yuan, still ranking first in the industry.

  During the reporting period, Country Garden achieved operating income of RMB 184.96 billion, gross profit of RMB 44.89 billion, and gross profit margin of 24.3%; net profit of RMB 21.93 billion and net profit of 11.9%; core net profit attributable to shareholders was approximately RMB 14.61 billion, and many indicators were stable For the better.

  In the first half of 2020, Country Garden's equity contract sales receivables amounted to approximately 250.93 billion yuan, and the repayment rate reached 94%, which has been higher than 90% for 5 consecutive years. It continues to maintain its industry leadership and reflects its strong hematopoietic function. At the same time, the available cash balance of Country Garden is as high as 205.52 billion yuan, and about 328.81 billion yuan of bank credit lines have not been used, and working capital is abundant.

  The total interest-bearing liabilities fell from 369.6 billion yuan at the end of last year to 342.04 billion yuan, a decrease of 7.5%; the weighted average borrowing cost fell further by 49 basis points from the end of last year to 5.85%. On the whole, Country Garden's total debt scale has dropped to a low level and its finances remain sound.

  As a major investment-grade blue chip in Hong Kong stocks, Country Garden has maintained stable and generous dividends for years. The Board of Directors of Country Garden Group announced the payment of an interim dividend of RMB 20.55 per share, which accounts for 31% of the total core net profit.