The report shows that in the first half of 2024, Powerlong Commercial achieved revenue of 1.33 billion yuan, a year-on-year increase of 4.6%; recorded gross profit of approximately 449 million yuan, a year-on-year increase of 2.5%; during the same period, net profit was approximately 200 million yuan, of which net profit attributable to shareholders of the parent was 195 million yuan, a year-on-year decrease of 24.3%.
In terms of layout planning, Powerlong Commercial implements the layout strategy of "focusing on the Yangtze River Delta" and continues to deepen its development. As of June 30, 2024, 138 retail commercial properties have been signed, with a total contracted construction area of 14.93 million square meters. The number of layouts in the Yangtze River Delta region is 95, accounting for 69% of the total number of layout projects nationwide. At present, Powerlong Commercial has a total of 97 retail commercial properties in operation, with a total construction area of 10.82 million square meters.
In addition to self-owned projects, Powerlong Commercial country code philippines mobile has also steadily improved the quality of its external expansion by launching a flexible and diverse light-asset operation model. As of now, the cumulative contracted area of Powerlong Commercial's independent third parties is 2.57 million square meters, accounting for 17.2% of the cumulative contracted area of commercial properties. In the first eight months of this year, four new commercial external expansion projects were added, with a total contracted area of 320,000 square meters. In the second half of the year, Powerlong Commercial will focus on project quality and continue to make efforts to achieve the goal of "adding no less than 500,000 square meters of external expansion area" at the beginning of the year.
Guided by the strategy of "focusing on diversity and riding the wave of innovation", Powerlong Commercial will take "focusing on business quality" as its main working idea in the second half of this year.
First, we will make every effort to attract investment and operate leanly. In the first half of this year, the number of brand cooperation contracts signed by Powerlong Commercial increased to 15,187. In the second half of the year, Powerlong Commercial will break through the traditional brand investment thinking and actively seek and innovate investment resources.