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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 . This announcement is for information purposes only and does not constitute an invitation or offer to acquire , purchase or subscribe for securities , nor is it calculated to invite any such offer or invitation . In particular , this announcement does not constitute and is not an offer to sell or a solicitation of any offer to buy securities in Hong Kong , the United States or elsewhere . Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933. Any public offering of securities to be made in the United States will only be made by means of a prospectus that may be obtained from the issuer or selling security holder and that contains detailed information regarding the issuer and management as well as financial information . There is no intention to make a public offering of the securities referred to in this announcement in the United States . 瑞安 房地產 SHUI ON LAND Shui On Land Limited 瑞安 房地產 有限公司 * ( Incorporated in the Cayman Islands with limited liability ) ( Stock code : 272 ) Announcement of 2021 Interim Results HIGHLIGHTS Return to Profitability : The Group recorded a profit of RMB1,288 million in the first half of 2021 ( " 1H 2021 " ) , while profit attributable to shareholders totaled RMB1,082 million . This is a sharp recovery from the first half of 2020 ( " 1H 2020 " ) , when the Group reported a net loss due to impacts from the COVID - 19 outbreak in China . The strong performance in 1H 2021 was underpinned by robust residential sales and strong growth in rental income . Property sales increased 62.4x Y / Y : Property sales revenue for 1H 2021 increased significantly by 62.4x to RMB10,214 million due to contributions from Shanghai Taipingqiao Ville V ( Lot 118 ) and Wuhan Tiandi La Riva II ( Lot B10 ) . Strong recovery in the commercial portfolio : Total rental & related income ( including joint ventures and associates ) was RMB1,570 million , representing a robust growth of 32 % Y / Y . Amongst our retail properties , overall sales have significantly recovered since the third quarter of 2020. In June 2021 , overall sales reached 149 % of 2020 levels . For our office portfolio , occupancy rates have steadily increased during the period , reaching an average of 90 % as of June 2021 . Maintaining a strong balance sheet : The net gearing ratio stayed at a very healthy 45 % , the same level as 31 December 2020 ( 45 % ) . Cash and bank deposits totaled RMB14,367 million . We expect to maintain a prudent approach in managing our balance sheet . Interim dividend declared : Having taken into consideration that the Group's financial position and improved profit , the Board has resolved to recommend the payment of a 2021 interim dividend of HKD0.036 per share ( 1H 2020 : nil ) . Key achievements in our Sustainability strategy : In March 2021 , the Group became the first China - based developer to commit to the Science - Based Targets initiatives ( " SBTi ” ) , targeting to limit global warming to well below 2 ° C . The Group also successfully issued our inaugural Sustainability - Linked Bond due June 2026 @ 5.50 % , with an aggregate principal amount of USD400 million . This transaction marked another milestone in the Group's journey in green and sustainable finance . Website : www.shuionland.com