2020 “Yinhua Fund Cup” Sina bank financial planner competition, hot registration. From now on to September 7, you will receive free gift packages worth more than 700 yuan from Guan Qingyou, Luo Yuanshang and Chen Kaifeng. < p > < p > on the evening of August 14, China Olympic Park released its mid-term performance in 2020, and its revenue and net profit continued to maintain a steady growth. The company’s turnover reached 28.24 billion yuan, a year-on-year increase of 19%; in the first seven months, the company realized property contract sales of about 60.42 billion yuan, ranking top 30 in the industry; at the same time, the cash collection rate was as high as 90%, providing strong support for development; in addition, the diversified and smooth financing channels further ensured the company’s liquidity security. In terms of land reserve, it can meet the development of the next 4-5 years, and “grain storage” is sufficient. In the first half of 2020, China Olympic Park recorded a turnover of 28.24 billion yuan, a year-on-year increase of 19%. The core net profit attributable to shareholders was 2.45 billion yuan, with a year-on-year growth of 21%. During the reporting period, the gross profit was 8.28 billion yuan, up 18% year-on-year, and the gross profit margin was 29.3%, which was basically the same as that of the previous year, and continued to maintain a high level. < p > < p > in the first half of the year, under the influence of the epidemic situation, the delivery and settlement of China Olympic Park was still outstanding, with strong anti risk ability. During the reporting period, the area of property delivered by the company increased to 2.88 million square meters compared with 2.08 million square meters in the first half of 2019, an increase of 38.5% year-on-year. The growth of settlement area laid the foundation for the performance. In the first half of the year, the property development income of China Olympic Park reached 27.341 billion yuan, with a year-on-year growth of 21.9%. < / P > < p > in addition, as of June 30, the company has signed unconfirmed property contract sales of about 180 billion yuan, which will be gradually confirmed in the next two years, with strong profitability. However, from the perspective of pre-sale, in the first half of 2020, the accumulated property contract sales of China Olympic Park is about 50.87 billion yuan, ranking top 30 in the industry. < / P > < p > in the first half of 2020, the payment collection level of China Olympic Park continues to maintain a high level, and the cash collection rate of contract sales is as high as 90%, which provides strong support for the development of the company. As of June 30, 2020, the company’s total cash is about 69.4 billion yuan, 1.5 times of 47.5 billion yuan of short-term loans. There is plenty of cash to pay off the debt. < p > < p > financial stability brings good effects on financing channels and costs for the company. In the environment of uncertainty, smooth financing is a very important competitiveness. The company’s credit rating continued to be stable. Fitch and Moody’s of standard popularization gave China Olympic Park a “positive” rating outlook, and the United credit rating reached the highest credit rating of “AAA” in China. < p > < p > in the first half of this year, China Olympic Park successively raised funds for several times, including RMB 2.54 billion five-year 5.5% domestic corporate bonds, RMB 1.18 billion five-year 5.65% domestic corporate bonds, US $188 million, 363 day 4.8% overseas bonds, US $460 million, 6.35% overseas bonds due in 2024, and US $280 million three-year overseas syndicated loans with an annual interest rate of HIBOR / LIBOR plus 4.30%. Overall, the financing channels are smooth, and the interest rate is relatively low in the industry. < / P > < p > in recent years, the development of China Olympic Park has been rapid, and the national layout has been steadily promoted. In addition to the advantages in financing, the Chinese Olympic Park is also outstanding in land acquisition. The company adheres to the diversified land acquisition methods, such as acquisition and merger, bidding, auction and listing, old transformation, and the low-cost acquisition and merger accounts for more than 60%. The average land cost of the new projects in the first half of 2020 is 3812 yuan / m2, which has a certain profit advantage. < / P > < p > in the first half of 2020, 44 new projects were added in China Olympic Park, with a new developable building area of about 6.95 million square meters, and the acquisition and merger projects accounted for 63%. The newly added sales value was about 83.2 billion yuan, and the average land cost was 3812 yuan per square meter. In the first half of 2020, the average contract sales price of the company was 9953 yuan / square meter, and the land cost accounted for more than 30% of the average sales price The average land price is conducive to resist risks and protect the profit space. < / P > < p > in addition, the company has actively arranged urban renewal projects in the past two years. As of June 30, 2020, China Olympic Park has more than 50 projects in different stages, with an estimated additional contribution of 658.7 billion yuan of saleable resources, and the high-quality resources of Guangdong, Hong Kong and Macao Bay area account for 95%. As of June 30, 2020, China Olympic Park has a land reserve with a total construction area of about 48.74 million square meters, accounting for 78% of the equity, and the total value of goods is about 501.5 billion yuan. The total value of goods included in urban renewal projects is about 116.2 billion yuan, meeting the development needs of the next four to five years. Higher land equity ratio and lower land acquisition cost can guarantee the future income to a greater extent.