Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . seazen 新城 发展 SEAZEN GROUP LIMITED 新城 發展 控股 有限公司 ( Incorporated in the Cayman Islands with limited liability ) ( Stock Code : 1030 ) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2021 RESULTS HIGHLIGHTS Contracted sales * were approximately RMB117,664 million , representing a period - on- period increase of 20.7 % ; Rental income ** from Wuyue Plazas was approximately RMB3,667 million , representing a period - on - period increase of 72.0 % ; Revenue was approximately RMB79,802.2 million , representing a period - on - period growth of approximately 110.5 % ; Gross profit was approximately RMB14,034.3 million , representing a period - on - period growth of approximately 60.3 % ; Core earnings *** were approximately RMB4,300 million , representing a period - on - period growth of 31.1 % . Core earnings attributable to equity holders of the Company were approximately RMB2,662 million , representing a period - on - period growth of 62.5 % ; Total cash including restricted cash was approximately RMB57,098 million , with a net debt - to - equity ratio of 65.2 % ; The weighted average interest rate was 6.5 % ; The contracted amount of pre - sold but not recognized * was approximately RMB343,872 million , subject to recognition ; and Total gross floor area ( “ GFA " ) of the land bank * was approximately 150 million sq.m. , with an average acquisition cost of approximately RMB2,674 per sq.m. * Including joint ventures and associates ** Rental income includes property management fees *** Core earnings equal to net profit less after - tax fair value gains or losses on investment properties and financial assets and unrealized foreign exchange gains or losses relating to borrowings and financial assets and after - tax profit or loss on disposal of subsidiaries . 1