On August 19, SOHO China announced its results for the first half of 2021.
The financial report shows that in the first half of the year, the revenue was $123 million USD, compared to $223 million USD in the same period last year; the net profit was $52.3 million USD, compared with $30.7 million USD in the same period last year; the diluted earnings per share was $0.01 USD, compared to the And $0.006 USD in the same period last year.
SOHO China’s operating income is mainly divided into two parts: rental and sales of property units. In the first half of 2020, SOHO China’s rental income was $120 million USD, and property sales income was $103 million USD. In the first half of this year, rental income increased by 3% To $123 million USD, and property sales income is $0 USD.
Regarding the increase in rental income, SOHO China stated: “With the effective control of COVID-19 in China and the gradual recovery of the economy, the average occupancy rate of the stable investment properties of the SOHO Group has returned to 90%. The occupancy rate of the newly completed Lize SOHO is 74%.” SOHO China’s semi-annual report stated that the office rental market in Beijing and Shanghai has picked up.