I. Overview
Macro market and industry analysis
(A) Review of the macro market
In the first half of 2020, in the face of the severe test brought by the COVID-19 epidemic and the complicated and changeable domestic and international environment, the whole country made overall plans to promote epidemic prevention and control and economic and social development, adhered to the general tone of striving for progress while maintaining stability, solidly carried out the work of "six guarantees", fully implemented the task of "six guarantees", and built a new pattern of dual-cycle development with domestic circulation as the mainstay and international and domestic promotion as the mutual promotion. The economic operation is gradually picking up, the basic livelihood security is strong, the market expectation is generally good, and the overall social development is stable. Statistics from the National Bureau of Statistics show that the GDP in the first half of the year was 45.66 trillion yuan, down 1.6% year-on-year, with an increase of 3.2% in the second quarter.
In the first half of 2020, the economic operation of Guizhou Province first declined and then rose, from negative to positive, showing a development trend of overall stabilization, accelerated recovery and good momentum. According to the statistics of Guizhou Provincial Bureau of Statistics, the province's GDP was 798.553 billion yuan, a year-on-year increase of 65.438+0.5%, ranking the top three in the country. The added value of the tertiary industry was 421600 million yuan, up 65.438+0.8% year-on-year, accounting for 52.60% of the province's GDP.
(B) Review of the real estate industry
In the first half of 2020, the central government continued to adhere to the positioning of "housing and not speculating" and implemented the goal of "stabilizing land prices, stabilizing housing prices and stabilizing expectations". The national real estate industry is running smoothly, and the regional market development is obviously divided. With the steady progress of resumption of work and production, the core indicators of the national real estate industry gradually improved in the second quarter after a decline in the first quarter. According to the data of the National Bureau of Statistics, the sales area of commercial housing nationwide in the first half of the year was 694.04 million m, down 8.4% year-on-year, and the decline was narrower than that in the first quarter 17.9 percentage points. The sales of commercial housing was 6,689.5 billion yuan, down 5.4% year-on-year, and the decline rate was narrower than that in the first quarter 19.3 percentage points.
In the first half of 2020, Guizhou Province adhered to the guidance of planning, adapted to the current new traffic pattern and the new situation of regional development, actively promoted the construction of new infrastructure, further built an intensive, efficient, intelligent, green, safe and reliable modern infrastructure system, continuously strengthened urban renewal and the renovation and upgrading of existing housing, and consolidated a new foundation for regional high-quality development. According to the statistics of Guizhou Provincial Bureau of Statistics, the sales area of commercial housing in the province in the first half of the year was 23.8425 million square meters, down 4.6% year-on-year, and the decline was narrower than that in the first quarter.
1 1.7 percentage points; Sales of commercial housing 13474 1 100 million yuan, down 9.3% year-on-year, and the decline rate was narrower than that in the first quarter 10 percentage point.
(C) Review of the financial industry
In the first half of 2020, China comprehensively deepened the reform of the capital market and made steady progress. The new Securities Law was formally implemented, the GEM and the registration system were piloted, and the New Third Board was reformed. The banking industry will further implement various financial rescue policies and accurately support the country's major regional development strategies and the "two new and one heavy" project construction; The insurance industry has further optimized the insurance supervision mechanism and accelerated the reform of the use of insurance funds. According to the data of China Banking Regulatory Commission, in the first half of the year, the national banking sector increased RMB loans by 12. 1 trillion yuan, an increase of 2.4 trillion yuan year-on-year. According to the data of China Securities Industry Association, in the first half of the year, the national securities industry realized an operating income of 2134.04 million yuan, a year-on-year increase of 19.26%, and a net profit of 831470,000 yuan, a year-on-year increase of 24.73%. According to the data of China Banking Regulatory Commission, the original premium income of China insurance industry in the first half of the year was 2.72 trillion yuan, up 6.67% year-on-year.
In the first half of 2020, financial deposits and loans in Guizhou Province grew rapidly. According to the data of Guizhou Provincial Bureau of Statistics and Guizhou Banking Supervision Bureau, the balance of RMB deposits of financial institutions in the province was 2,834.339 billion yuan, up by 1.8% year-on-year, the balance of RMB loans of financial institutions was 3,087.646 billion yuan, up by 14.6% year-on-year, and the original premium income of insurance industry in Guizhou province was 305.633 billion yuan, up by 6% year-on-year.
Review of Company Management in the First Half of 2020
During the reporting period, the company closely focused on ensuring normal operation and stable development as the top priority, always adhered to risk prevention and control as the fundamental guarantee, persisted in striving for progress while maintaining stability, and strived to maintain the overall stability of the company and the steady development of various business segments under the premise of resolutely preventing and controlling the epidemic, achieving a total operating income of 65.438+065.438+0854 billion yuan.
(A) Party building work
During the reporting period, the Party Committee of the Company aimed at helping the development of enterprises, focused on the core tasks, determined the work direction, closely focused on service development, improved the work level, continuously improved the cohesion, centripetal force, organization and combat effectiveness of the Party organization, and continuously promoted the organic integration and * * * development of party building work and enterprise production and operation.
In terms of political construction, the Party Committee of the company always puts political construction in the first place, strengthens propaganda and guidance, and organizes grass-roots branches to guide all party member to adapt to the new era and situation and implement new tasks and requirements by combining concentrated study with practical study. In terms of organizational construction, the company's party Committee focused on winning the epidemic prevention and blocking war, focusing on improving organizational combat effectiveness, constantly improving the construction of grassroots organizations, and speeding up the work of returning to work and resuming production. During the reporting period, party member, the company, gave full play to the exemplary role of party member and set up the party member Pioneer Team for Epidemic Prevention and Control, taking the lead in donating money and materials to help prevent and control the epidemic. Nearly 200 pioneers, party member, went deep into the front line of community epidemic prevention and control to build a life and health defense line for the majority of owners and employees.
(2) Epidemic prevention work
During the reporting period, the company promptly responded to the deployment of the CPC Central Committee and government departments at all levels in provinces and cities, resolutely put "rooting in Guizhou, thanking Guizhou and dedicating Guizhou" into action, fully supported the prevention and control of the epidemic, and overcame the difficulties together. First, launch a "fundraising proposal" to all employees, actively participate in the "financial responsibility for fighting the epidemic" fundraising action, donate money and materials, and help Guizhou win the epidemic sniper battle with practical actions. 2. Zhongtian Property takes it as its responsibility to fully protect the life safety of more than 300,000 community residents and employees, realizes online property services by using the built "Zhongtian Service Home" APP, and does a solid job in epidemic prevention and control of the 7 1 project it serves, providing first-hand information for the government to establish epidemic files, classify and screen, and focus on monitoring. Third, Zhongtian Yang Kang gave full play to its professional advantages, joined the front line of the community, and actively supported and participated in the prevention and control of epidemic situation at the grass-roots level.
(3) Poverty alleviation work
The company fully implements the spirit of the mobilization meeting of 90 days to win the annihilation war in Guizhou Province, and goes all out to help the province achieve high-quality poverty alleviation and win the battle against poverty as scheduled in accordance with the requirements of the provincial party committee and the provincial government "one moment can't stop, one step can't be wrong, and one day can't be delayed". During the reporting period, the company's global boutique agricultural tourism aggregation brand "Legengtian" gave full play to the service advantages of "brand+community" on the premise of ensuring epidemic prevention and control, and launched the service of "community delivery+store self-delivery" in Guiyang to ensure the continuous flow of agricultural products during the epidemic period, which fully guaranteed the stability of villagers' income during the epidemic period and continued to contribute to poverty alleviation. During the reporting period, the company helped Dawan Village, Wang Le Town, Wangmo County, which was listed as a deep poverty village, focusing on key areas such as rural living environment improvement, accurate employment assistance, and rural civilization construction, and made every effort to promote the comprehensive assistance scheme and measures of "one household, one policy and precise policy" to help Dawan Village get rid of poverty with high quality as scheduled. Zhongtian Holiday Express Hotel in Amikito Town has expanded the new hotel format through the linkage mode of "training+employment", promoted the income of residents who have been lifted out of poverty through various forms and channels, and consolidated the results of ex situ poverty alleviation and relocation.
(iv) Business development
During the reporting period, Zhongtian Property defined the information construction path of "one basic support, two management centers and three application platforms" around the goal of building "scientific and technological property and intelligent property". Relying on scientific and technological guidance and business support, Zhongtian Property strived to realize the transformation of property services from traditional labor-intensive to scientific and technological property, and its comprehensive strength and brand influence were continuously improved. Through the implementation of the new model of first-line project management with "call center as the platform and housekeeper system as the core", Zhongtian property diversified management system and business construction are completed, and the efficiency of property management is effectively improved; Organize community cultural activities with six themes of "online+offline" to enrich the spiritual and cultural life of the owners. During the reporting period, Zhongtian Property won many honors, such as "Top 24 Property Service Enterprises in China in 2020", "Social Responsibility Enterprise in China Property Service Year in 2020", "Leading Enterprise in China Characteristic Property Service in 2020" and "Leading Enterprise in Guiyang Property Service Quality in 2020". The average score of the senior high school entrance examination in Zhongtian Middle School has set a new benchmark for the city's senior high school entrance examination results, and it has won 1 1 in Guiyang. The education quality and education reputation of Zhongtian primary school and Zhongtian kindergarten continued to "double improve"; Zhongtian Sports has launched brand activities such as "fitness and epidemic prevention" and "tribute to retrogression", actively preparing for the opening of new stores; Conferences, exhibitions and conferences should do a good job in epidemic prevention and control in strict accordance with government requirements, actively organize the planning and promotion of online activities, expand brand awareness through online live broadcast, promote customer resource reserves, and lay a solid foundation for business expansion and landing after returning to work.
Financial business. The company always takes risk control as the foundation, takes improving the profitability of financial assets as the core, and takes the mutual promotion of internal control and business development as the goal, solidly promotes the improvement of governance level of financial subsidiaries and steadily promotes the high-quality development of financial business. During the reporting period, the company achieved a total revenue of about 7.063 billion yuan from financial operations, up 29.08% year-on-year.
Zhongrong Life further consolidates capital management, improves operational efficiency and governance level, and ensures sufficient solvency; Solidly promote the optimization of business structure, promote the development of long-term payment business, and continuously increase the proportion of quality business; Strengthen the business-driven mode of combining online and offline, and actively expand the construction of innovation channels; Improve the efficiency of online services, improve online security services, electronic return visits, online claims and other services; Complete the improvement of the relevant investment capacity system and update the filing materials. During the reporting period, Zhongrong Life Insurance realized a scale premium of 7.086 billion yuan.
Zhongtian Guo Fu Securities has always adhered to compliance and risk control as its lifeline to further enhance its comprehensive competitiveness. First, optimize the organizational structure, form business sectors dominated by investment banking, sales, brokerage and self-management, and set up and adjust functional departments according to business sectors to further enhance comprehensive service capabilities and management efficiency; Second, the scale, quantity and income of investment banking projects have been greatly improved. In the first half of the year, 30 projects have been completed, 30 projects have been run, 23 projects are under review and 36 projects are to be declared. Business income increased by 65,438+06.46% year on year. Third, it is equipped with a professional team with strong research, investment and trading capabilities, and the self-operated business has achieved good returns. Fourth, the brokerage business has steadily improved. Completed 17 branch brokerage business, and is preparing to set up three branches in Liaoning, Qingdao and Jiangxi; Fifth, the application for license for asset management and financial product consignment business was initiated, and relevant application materials were submitted during the reporting period.
As far as health care business is concerned. The company has always adhered to the main line of dual-core development of "primary medical care" and "quality medical care" and steadily promoted the layout of health care business. In terms of primary medical services, the second health service center and the second day care center for the elderly in Shuidong community were completed, and the preparations for the fourth health service center in Shuidong community were fully started to speed up the business layout of primary medical services. In terms of quality medical services, we always take exquisite medical care as the development orientation and steadily promote the development of related businesses. Among them, the business of Zhongtian Guanshanhu Dental Clinic has been carried out in an orderly manner and its business has grown steadily; The construction of Guanshan Lake Physical Examination Center has been accelerated and it is planned to be put into operation by the end of 2020.
(5) Compliance risk control
The company resolutely follows and implements the management idea of "risk prevention and strong compliance", improves compliance management and comprehensive risk management mechanism, and enhances risk prevention and control capabilities.
First, systematically monitor the company's risks, optimize the risk management and control process, and make risk management comprehensive, effective and timely; The second is to systematically sort out the company's internal control system and management process, and constantly improve the risk control compliance system from the two dimensions of system soundness and effectiveness; Third, strengthen the concept of risk management and control for all employees, and improve the ability of early warning signal response and rapid risk information processing; Fourth, monitor and verify the risk status of subsidiaries regularly or irregularly, and constantly improve the early risk identification mechanism by combining quantitative and qualitative methods.
(VI) Brand and corporate culture
During the reporting period, the company made great efforts to build a new carrier of corporate culture construction and a new brand image, and promoted the high-quality development of its business. On the official WeChat, Weibo and other media platforms, the company has continuously set up special columns such as "Zhongtian Struggler" and "I am in the same weather as the epidemic", and has deeply excavated a large number of pioneers, models and typical figures who are fighting against the epidemic, tackling poverty and serving the community, and vigorously publicized them, further deepening the cultural concept of "future and Zhongtian" and greatly enhancing the cohesion and combat effectiveness of Zhongtian people.
(vii) Team building
During the reporting period, the company focused on the strategic objectives and business development, made great efforts to improve the team's "cohesion, combat effectiveness and execution", constantly improved the team's joint efforts and continuously promoted organizational optimization. The company actively responds to the government's policy call for "stable employment", constantly improves the vertical development and horizontal mobility mechanism of employees, implements internal talent sharing by dynamically monitoring the rationality of organizational structure, rationally allocates resources, and earnestly does a good job in stabilizing employment; Scientifically carry out data quantification, further improve the effectiveness of the incentive scheme and constantly improve the incentive and restraint mechanism; Strengthen organizational empowerment, enhance organizational vitality, continuously enrich the company's business team and management team, form a healthy competition mechanism, and provide organizational support for business development.
(8) Major assets reorganization.
During the reporting period, the company's major asset restructuring is still in progress, and the final plan has not yet been formed. On July 17, 2020, China Banking Regulatory Commission announced that China Banking Regulatory Commission would take over six institutions including Tianan Property Insurance Co., Ltd. According to the fact that Huaxia Life Insurance triggered the takeover conditions stipulated in Article 144 of People's Republic of China (PRC) Insurance Law, China Banking Regulatory Commission sent a takeover team to take over Huaxia Life Insurance.
The company is required to comply with the disclosure requirements of Shenzhen Stock Exchange Industry Information Disclosure Standard No.3-Listed Companies Engaged in Real Estate Business.
New land reserve project
Note: The bidding date for the above plots is July 29th, 2020.
Accumulated land reserve
Development of major projects
Sales of major projects
Lease of major projects
Primary land development
Financing method
Development strategy and business plan for the coming year
2020 is the year of building a well-off society in an all-round way and the end of the 13 th Five-Year Plan. It is a decisive year for getting rid of poverty and tackling difficulties. The company adheres to the basic principles of "being grateful to the Party, listening to the Party, following the Party, and acting according to market rules", taking maintaining steady operation as the foundation, maintaining the steady development of various business sectors, and striving to achieve annual goals and key tasks.
Financial business. The company will continue to improve the quality and efficiency of risk management and optimize the overall risk management system; Focus on improving the profitability of financial assets, and improve customer management, sales empowerment, technology empowerment and management improvement. Strengthen professional orientation, consolidate customer-centered service system, effectively improve customer experience and satisfaction, and shape differentiated advantages; Build a multi-channel operation system and strengthen the training of sales team; Effectively promote the comprehensive empowerment of financial technology to business development and management, promote the deep synergy between products, business support and customer needs, and provide digital, scientific and high-quality financial services; Strengthen business management coordination, promote the optimal allocation of resources, continue to promote the filing of Zhongrong Life Insurance's investment capacity, the application for Zhongtian Guo Fu Securities License and the application for Zhongtian You Shan Fund Public Offering of Fund License, enhance the comprehensive service capacity, and boost the high-quality development of the company's financial business.
As far as health care business is concerned. Taking "primary health care" as the main line, we will steadily and continuously promote the layout of health care business, carry out various basic medical and public health services, and build a primary health care service system with Zhongtian characteristics.
Provide guarantee for commercial housing buyers with bank mortgage loans.
The Company provides mortgage loan guarantee for commercial house buyers according to the commercial practice of real estate. The guarantee type is phased guarantee. The guarantee period of installment guarantee is from the effective date of the guarantee contract to the date when the property right certificate of the house purchased by the purchaser of commercial housing is issued and the mortgage registration formalities are completed and handed over to the bank for safekeeping. By the end of the reporting period, the balance of phased guarantee undertaken by the company was 4.458 billion yuan.
Dong and the listed company * * * jointly invest (applicable to the listed company Dong as the investment subject).
Second, the risks faced by the company and the countermeasures. The sudden outbreak of COVID-19 epidemic further aggravated the downward pressure on the macro-economy, which had a great impact on the real estate industry and the financial industry. Although the current situation of epidemic prevention and control in China continues to improve, the overseas epidemic situation is still intensifying and spreading, and the risk of importing overseas epidemic situation has greatly increased, and China's economic development is facing new and greater challenges. Under the premise of resolutely doing a good job in the prevention and control of normalized epidemic situation in accordance with the requirements of the government, the company will fully and orderly promote the business of various sectors and strive to minimize the losses caused by the epidemic situation. Market competition risk. In recent years, with the rapid development of Guizhou's social economy, the potential and future value of Guizhou's real estate market have been highly recognized by large real estate enterprises across the country, and the market competition is becoming increasingly fierce. To this end, the company will adhere to prudent business strategy, improve product quality and service quality on the basis of deepening the market in Guizhou Province, and consolidate the company's leading position in regional real estate. Financial market risk. For the company, the financial market risk mainly refers to the risk that the company's financial business suffers unexpected losses due to adverse changes such as interest rate, equity price and exchange rate. The financial subsidiary of the company mainly strengthens its response through the following measures: attaching importance to macroeconomic research, carefully predicting market trends, setting a safety margin, and coping well in advance; Actively manage equity asset positions and control risk exposure; Regularly analyze the historical risks and benefits of large-scale assets; Taking value management as the center, taking into account the overall asset liquidity, and gradually adjusting the portfolio by adding new assets, so that the risk-return characteristics of the overall portfolio meet the requirements of risk management; Strengthen risk monitoring and early warning, and strengthen risk emergency management.
Three. Analysis of core competitiveness 1. Basic principles-be grateful to the Party, listen to the Party, follow the Party, and act according to market rules. "Be grateful to the Party, listen to the Party, follow the Party, and act according to the market rules" is the basic principle that the company has always adhered to, the precious spiritual wealth accumulated by the company in the process of synchronous economic development with * * and China, and the glorious tradition formed by the company's deep cultivation in Guizhou for more than 40 years. The company will always adhere to the leadership of the Party, strengthen Party building, closely combine with the production and operation of enterprises and the construction of staff, form a good political and economic ecology of "common development, mutual promotion and improvement", and shape Zhongtian's social image of "stressing politics, taking the overall situation into account, obeying the law, stressing efficiency and being brave in taking responsibility". 2. Super-efficient execution The company always pays attention to the combination of cultural construction with strategy and operation management, and strives to integrate corporate culture into daily production and operation activities, take root in the actions of employees, and carry forward the "three spirits" of "hard thinking, poor style and hard work" and "three spirits of buttoning, shouldering burdens and nailing nails" to create "self-improvement and cooperation * * * will win. 3. Pioneering thinking, the ideological source of innovation and development. As the first listed company in Guizhou, Zhongtian Financial Group has been injected with innovative genes that dare to be the first. Brand-driven, "pioneer thinking, rigorous implementation and seeking practical results" has become the endogenous driving force for Zhongtian's continuous innovation, and has become a powerful ideological weapon for Zhongtian to always innovate in development, develop and innovate in innovation. 4. Advantage Resource Integration Company gives full play to the resource integration ability of regional leaders, always takes root in the great cause of local social and economic development, actively fulfills corporate citizenship responsibilities, covers the whole country with the help of resource advantages, and realizes national market radiation. 5. Organizational combat effectiveness with stable system and flexible mechanism The company has always adhered to the enterprise management mode of combining "stable system and flexible and efficient mechanism", forming a healthy organizational system full of fresh vitality and a flexible but not loose, efficient and orderly internal operation mechanism. Steady system, flexible mechanism and high efficiency and order are the organizational guarantee for the company to always remain highly sensitive to the market, gain market opportunities quickly and operate effectively.