In the first half of the year, SOHO China's turnover was approximately 848 million yuan, compared with approximately 1.07 billion yuan in the same period last year. The financial report believes that the main reason for the decline was that no property sales revenue was recorded during the period.
 

Rents were also 848 million yuan, up from about 818 million yuan in the same period last year. Excluding the rental effects of Hongkou SOHO and volley SOHO sold in 2017, the rental income of comparable properties in the first half of the year increased by about 17%. The increase in rental income was mainly due to the sharp increase in the occupancy rate of the SOHO Tianshan Plaza project. The financial report shows that the occupancy rate of the SOHO Tianshan Plaza project has increased from 64% at the end of 2017 to 92% at the end of June this year.
 

In the first half of this year, the net profit attributable to equity shareholders of the company was approximately 1.093 billion yuan, compared with 3.882 billion yuan in the same period last year. SOHO China explained that the main reason was the low evaluation value of investment properties during the period.
 

For the change in net profit, Xu Ling, director of China Finance and Investor Relations at SOHO, said at the press conference: “The net profit has decreased compared with the same period of last year. The very important reason is that the company has made all the investment properties in the first half of 2017. It is estimated that the asset appreciation will be 6.155 billion yuan. The appreciation of the assets reflects the decline in the market capitalization rate and the substantial increase in the rent level of SOHO China property."
 

Pan Shiyi said that the appreciation of assets is increasing with the completion, delivery and use of the house. The evaluation value of the projects under construction is far from the market level, with Shanghai Gubei SOHO and Beijing Lize SOHO. Delivery, the evaluation value will rise.
 

“The project has not been completed, the assessment is not important, the new project is delivered and used, and the assessment will go up.” Pan Shiyi said.
 

Although some indicators have declined, their operating profit (excluding the appreciation of investment properties) has increased by about 144% year-on-year, and operating profit has reached about 1.53 billion yuan.
 

The development of SOHO 3Q business has been receiving more attention. It has expanded to other cities outside Beijing and Shanghai. According to the financial report, it has 31 centers in 7 cities across the country, with more than 30,000 stations.
 

Pan Shiyi once again mentioned the listing of SOHO 3Q. He said: "When 3Q is listed, we are also paying close attention to the market. When the capital market is good, we will go public. After three years (development), we have seen 3Q. (Shared office space) In China, at least in Beijing and Shanghai, there is a special market."
 

Regarding whether he would choose to list in Hong Kong, he said that as long as Hong Kong is welcome, it will come.