On August 15, 2020, Country Garden Holdings Co., Ltd. released their 2020 interim performance report on their public platform. The data is very impressive. In the first half of the year, Country Garden's operating income reached 84.96 billion yuan, its gross profit during the period. There are about 44.89 billion yuan, and his net profit is as high as 21.93 billion yuan. In the first half of the year, Country Garden’s net profit attributable to shareholders was 14.1232 billion yuan. Country Garden, which has just jumped to No. 147 on the Fortune Global 500, has brought a big surprise to investors.
Although many large companies suffered serious financial revenue losses in the first half of the year due to the COVID-19 epidemic. However, whether from the perspective of data or layout, Country Garden's development is relatively stable, and. There is still room for patents for future developments.
From the perspective of Country Garden’s revenue structure, real estate is the main force of Country Garden’s revenue. Reasonable real estate layout is the solid foundation for Country Garden's stable performance. In 2019, when China is still far behind the urbanization rate of 80% in developed countries, a very large number of rural people will move to cities. Country Garden seized this opportunity and provided a large supply of housing. Rapid rise in the real estate field.
At the same time, Country Garden had the foresight to believe that it could not just stick to the development of one industry, so it got involved in more fields. For example, in the field of robotics, it has also achieved very good results. Its diversified development layout is also very important to maintain revenue when the epidemic hits.
In addition to the company's revenue and net profit, Country Garden's financial statements also show. Country Garden’s cash reserves are substantial. As of June 30, 2000, Country Garden had approximately 205.52 billion yuan in available cash. This cash is a very important backing to support Country Garden in the event of force majeure risks. Country Garden's reasonable business layout, high work efficiency and continuously declining debt ratio have allowed Country Garden to maintain its first place in the real estate industry.