Decai Decoration CO.(605287)2024-09-23 07:37Financial Performance - In the first half of 2024, the company achieved operating revenue of CNY 2.001 billion, with a net profit attributable to the parent company of CNY 67 million, representing a year-on-year decline due to external market conditions and adjustments in business layout [2]. - The company signed new projects worth approximately CNY 12.27 billion in "urban renewal" and CNY 8.80 billion in "urban supporting" projects, accounting for 84.36% of the total new project amount in the first half of 2024 [4][5]. Business Strategy - The company focuses on high-quality development, emphasizing "urban renewal" and "urban supporting" sectors, while actively adjusting its business layout to reduce reliance on real estate [3][4]. - The company aims to enhance its core competitiveness by expanding into emerging industries and strengthening its marketing efforts in economically vibrant first-tier cities [9][10]. Project Highlights - The "urban renewal" projects signed in the first half of 2024 included CNY 7.6 billion for village renovation and CNY 6.93 billion for public service facilities, both showing growth [5][6]. - The company has established a marketing network covering major economic regions in China, including Qingdao, Beijing, Shanghai, Shenzhen, and Chongqing [3][5]. Qualifications and Certifications - The company’s subsidiary, Zhongjian United, obtained the highest qualification in construction contracting—"Special Grade" qualification, allowing it to undertake larger and more diverse projects [6][7]. Market Expansion - The company has successfully increased its revenue share from projects outside its home province, with significant growth in new project amounts compared to the same period last year [5][6]. - The company is actively pursuing overseas market opportunities while consolidating its domestic market presence [9][10]. Future Outlook - The company is committed to aligning its operations with national strategies for new urbanization, focusing on sustainable and high-quality development [10][11]. - The company plans to continue enhancing its operational efficiency through the implementation of process management and financial sharing systems [8][10].