Shell’s net revenue in the second quarter was 24.2 billion, a year-on-year increase of 20%, and its net profit was 1.1 billion

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Tencent technology news on August 12, shell search released its unaudited financial results for the second quarter of 2021 as of June 30 on Thursday. According to the financial report, the net revenue of shell looking for a house in the second quarter was 24.2 billion yuan, a year-on-year increase of 20%; The net profit was 1.1 billion yuan, adjusted to 1.638 billion yuan.
The following are the key points of the second quarter financial report of shell housing:
— the total transaction volume (GTV) was 1220.8 billion yuan, a year-on-year increase of 22.2%. The GTV of stock housing business was 652 billion yuan, a year-on-year increase of 11.7%. The GTV of new house transaction was 498.3 billion yuan, a year-on-year increase of 32.3%. The GTV of emerging service industry and other service businesses was 70.6 billion yuan, a year-on-year increase of 80.5%;
— the net revenue was 24.2 billion yuan, a year-on-year increase of 20%. In the first half of 2021, the net income increased by 64.6%, from 27.3 billion yuan in the first half of 2020 to 44.9 billion yuan;
— the net profit was 1.116 billion yuan, and the adjusted net income was 1.638 billion yuan, compared with 2.839 billion yuan in the same period in 2020. In the first half of 2021, the net income increased from 1.6 billion yuan in the same period in 2020 to 2.174 billion yuan, an increase of 35.3%;
— the diluted earnings per share attributable to shell common shareholders was 0.93 yuan, compared with 2.12 yuan in the same period in 2020;
— the net profit attributable to shell common shareholders increased from 1.053 billion yuan in the same period in 2020 to 1.112 billion yuan, an increase of 5.6%. In the first half of 2021, the net profit attributable to shell common shareholders increased from 98 million yuan in the first half of 2020 to 2.17 billion yuan, an increase of 2106%;
— as of June 30, 2021, the comprehensive balance of shell cash, cash equivalents, restricted cash and short-term investments was 59.2 billion;
— as of June 30, 2021, the number of stores was 52868, with a year-on-year increase of 25.1%;
— as of June 30, 2021, the number of agents was 548600, a year-on-year increase of 20.3%;
— mobile monthly active users (MAU) averaged 52.1 million, a year-on-year increase of 33.5%;
— the total revenue cost increased from 13.6 billion yuan in the same period in 2020 to 18.8 billion yuan, an increase of 38.6%
For the third quarter of 2021, it is expected that the total net income of shell housing will be between 14.5 billion yuan and 15.5 billion yuan, a decrease of about 24.6% to 29.4% compared with the same period in 2020. This forecast takes into account the potential impact of recent real estate related policies and measures, as well as the company’s current and preliminary views on the business situation and market conditions, which may change.
Peng Yongdong, co-founder and CEO of shell, said: “we are happy with the strong performance in the second quarter, which is due to our commitment to contributing to a better industry and a better society. While adhering to the national policy of “housing is for living, not for speculation”, we are committed to protecting the rights and interests of customers and meeting their expectations for a happy life. Shell has achieved solid results. In the first half of 2021, the total GTV reached 2.29 trillion yuan, an increase of 72.3% year-on-year. ”
Peng Yongdong continued: “in the second quarter, we continued to upgrade our agency specialization strategy and expanded our professional contract service center to 287 locations to improve efficiency and cooperation, so as to promote the GTV of stock houses to reach 652 billion yuan, a year-on-year increase of 11.7%. The GTV of new house transactions increased by 32.3% year-on-year to RMB 498.3 billion, of which 42.8% of the GTV growth came from Internet stores and other sales channels, because we further enriched the online content related to new houses and steadily promoted the “new house business behavior improvement plan”. At the same time, we maintained the rapid growth momentum of emerging service business in the second quarter. We announced our intention to acquire Shengdu to accelerate the development of our home decoration business, and launched home SaaS System 1.0 to further improve the end-to-end standardization and digitization of our home decoration services. ”
Peng Yongdong concluded: “looking to the future, we plan to use our quality, talent and technical resources to stimulate inspiration and explore growth and development opportunities, which is the key to our success in every market adjustment in the past. In the future, housing is expected to become an increasingly important field of people’s livelihood, because we believe that consumers’ long-term demand for a better life will always exist. Considering the persistent problems of relatively low efficiency, low user satisfaction and lack of standardization, digitization and Internet penetration in the housing industry, we still see huge value creation opportunities and increasing demand for our innovative solutions. We will always look inward for the source of strength, outward for opportunities to create value, and create a better future with unremitting spirit and optimism. In view of this, we will continue to develop our business operations, focus on the long-term “better life” and promote our one-stop high-quality home service for 300 million families in China. ”
Xu Tao, chief financial officer of shell, further said: “driven by the strong growth of existing house and new house trading service GTV, our net income increased by 20% year-on-year in the second quarter to 24.2 billion yuan, which exceeded our high-end guidelines and market consensus. In the second quarter, China launched a series of city specific policies and strict market cooling measures. These measures help to promote the long-term stability and healthy development of the real estate market, but they may also bring short-term market uncertainty. Despite the challenges, we firmly adhere to these policies and measures and support the government to crack down on speculation in some overheated cities in order to stabilize the market. ”

“We believe that the desire for a happy life and better housing has created a firm demand for consumers,” he added. Looking forward to the second half of this year, we will continue to invest in the company’s infrastructure and emerging services. We firmly believe that Zuo Hui (founder and chairman of shell) mentioned in our prospectus that in the noise and market fluctuations, we believe that our fundamental value is the key to the sustainable success of shell. Compared with our short-term financial performance, we have invested more efforts in developing and investing in our long-term capabilities, although these investments may take time to achieve financial returns. In fact, the longer and more difficult it is, the more excited we are. “( Tencent Technology (reviser / Jinlu)