8月6日，华侨城亚洲公布了其2012年中期业绩。公告显示，今年前六个月公司实现经营收入达9.14亿元，较2011年同期增加约42%。其中，综合开发业务收入占到5.64亿元，较2011年同期增加约126.5%。

6 August，Oct Asia announced its 2012 interim results。announcement，In the first six months to achieve the company business income is 914 million yuan，A nearly 42% increase over the same period of 2011。the，Comprehensive development business income accounted for 564 million yuan，A nearly 126.5% increase over the same period of 2011。

　　公告称，公司截至今年6月底止中期业绩，录得纯利2097.7万元人民币，按年增长50.85%。

Announcement to say to，The company by the provided in June this year the medium-term performance，Record net profit is 20.977 million yuan RMB，According to an annual increase of 50.85%。

　　作为华侨城集团在香港的上市平台，华侨城亚洲此前并不经营任何地产项目，只是一家设计及制造优质纸包装容器及材料，包括瓦楞纸板及印刷纸箱的企业。不过，通过连续不断的地产资产注入，与华侨城A类似，近年来华侨城亚洲已逐步转型成为一家涉及地产开发和商业综合区的运营商。

As oct hotel group in Hong Kong listing platform，Oct Asia had not any real estate project management，Just a design and manufacturing high quality paper packing containers and materials，Including corrugated board and printing carton enterprise。but，Through the continuous real estate assets injection，And A similar oct，Oct Asia in recent years has gradually transformed into a involved in real estate development and business operators of the compound。

　　目前，华侨城亚洲旗下的地产资源主要有三块，分别是2007年注入的成都华侨城项目，2009年注入的西安华侨城项目和今年1月注入的上海苏河湾项目。

At present，Oct Asia's real estate resources mainly has three pieces，2007 respectively injected oct chengdu project，In 2009, the injection of xian oct hotel projects and January this year the injection of Shanghai Sue coving project。

　　如果不是股权关系的巧妙安排，华侨城A和华侨城亚洲早已触及同业竞争的红线。

If not equity relationship clever arrangement，A and oct oct Asia had touched trade competition of the red line。

　　华侨城亚洲2011年年报显示，其股东主要为香港华侨城有限公司和瑞士银行，持有的股权比例分别为57.38%和6.99%，而国内上市的华侨城股份（华侨城A）又为香港华侨城全部已发行股本的实益拥有人，这也意味着华侨城亚洲是华侨城A的间接控股子公司。

Oct Asia 2011 annual report shows，Their shareholders mainly for Hong Kong oct hotel co., LTD. And Swiss bank，Hold equity ratio were 57.38% and 6.99% respectively，And domestic listed shares oct（Oct A）And for Hong Kong oct all of the issued share capital of beneficial owner，This also means that Asia is A oct oct indirect holding subsidiaries。

　　一位接近华侨城的人士在接受本报记者采访时表示，2009年华侨城集团整体上市时，为了解决和避免华侨城A和华侨城亚洲的同业竞争问题，对华侨城亚洲的股权隶属关系进行了变更。

A person close to oct in accepting our newspaper reporter to interview said，2009 oct hotel group when whole appears on the market，In order to solve and avoid A and oct oct Asia's horizontal competition problem，On oct Asian equity the subordinate relations change。

　　“同业竞争这个问题在大国企里面一直存在，而上市的时候证监会说不让出现，就把华侨城亚洲注入到华侨城A里边了，所以现在就不存在这个问题了。”

“Horizontal competition this problem in large state-owned enterprises has been in existence，And when the listed securities regulatory commission said don't let appear，The Asian injection to oct oct A inside the，So now would not exist the problem。”

　　不过，尽管绕开了法律上的障碍，但在业务上，华侨城亚洲和华侨城A仍在同一市场中抢食。

but，Although steer clear of legal obstacles，But in business，Oct oct Asia and A still in the same market took food。

　　对于下半年的展望，华侨城亚洲重点提及了成都华侨城、成都欢乐谷及上海苏河湾三个项目，并指出，成都华侨城将在8月推出地产四期联排31套、10月推出地产五期2栋高层；成都欢乐谷二期计划于年底完成主体工程并争取于2013年五·一正式对外运营；上海苏河湾项目则计划于2012年下半年预售首批位于41街坊的公寓式办公产品。

For the second half of the outlook，Oct Asian key mentioned oct chengdu、Chengdu happy valley and Shanghai Sue coving three projects，And points out that，Oct chengdu will be launched in August real estate four period to the terrace and sleeve、October launch real estate five period 2 tall building；Chengdu happy valley two phase of the project to completion by the end of the main body of the project and strive for in 2013 five · a formal foreign operations；Shanghai Sue coving project is planned to open to booking in the second half of 2012 the first 41 the neighborhood apartment office products。

　　事实上，如果不是华侨城亚洲的存在，这些原本都是华侨城A的优质资产。

In fact，If not the existence of oct Asia，These are originally oct A high quality assets。

　　华侨城A的官方资料显示，除了已注入到华侨城亚洲成都、西安和上海的部分股权，上述类似的在全国范围内的业务和资产均属于华侨城A。

Oct A official data shows，In addition to already injected into Asia oct chengdu、Xian and Shanghai part of equity，The above similar in the nationwide business and assets all belong to A oct。

　　资料显示，华侨城A目前拥有深圳东部华侨城、北京华侨城、上海华侨城、成都华侨城、武汉华侨城、泰州华侨城、云南华侨城、上海天祥华侨城、招商华侨城、天津华侨城、西安华侨城、华侨城都市娱乐公司等众多资产。

Data shows，Oct A currently has shenzhen oct east、Beijing, oct、Shanghai oct、Oct chengdu、Wuhan oct、Taizhou oct、Oct yunnan、Shanghai tienhsiang oct、Oct investment、Tianjin oct、Oct xian、Oct urban entertainment and many other assets。

　　华侨城A的董秘倪征此前也对记者表示，“作为A股公司在香港的一个红筹平台，华侨城亚洲对于我们定位很明确，它是我们一个海外的融资平台。它现在已经控股了成都华侨城，参与了西安华侨城的建设，同时现在已经进入了苏河湾，未来它还会有一些新的发展项目。”

A secret NiZheng oct dong had also told reporters，“As A shares of the company in Hong Kong A the red-chip platform，Oct Asia for our position is very clear，It is our an overseas financing platform。It is now holding the oct chengdu，To participate in the construction of the oct xian，At the same time has now entered the Sue river bend，The future it will have some new development projects。”

　　此前，华侨城集团高管曾表示，之所以选择华侨城亚洲为公司的商业地产平台，一是由于其在香港上市的因素，希望以此建立与香港投资者的关系，打开香港融资平台。

after，Oct hotel group executives said，Chose oct Asia for the company's commercial real estate platform，One is due to the factors listed in Hong Kong，Hope to establish the relationship between investors and Hong Kong，Open Hong Kong financing platform。

　　今年上半年，华侨城亚洲和华侨城之间的业务出现了反差。

In the first half of this year，Oct oct Asia and business between appeared contrast。

　　华侨城亚洲2012年中报显示，综合开发业务实现经营收入约人民币5.64亿元，较2011年同期增加约126.5%；股东应占溢利约为人民币613万元，较2011年同期上升约309.2%。

Oct Asia 2012 NianZhongBao display，Comprehensive development business achieve business income is about 564 million yuan，A nearly 126.5% increase over the same period of 2011；Shareholders shall account for profit of about 6.13 million yuan，A 2011 in the same period rose about 309.2%。

　　而华侨城A的2012年中期业绩快报显示，其上半年归属于上市公司股东的净利润以及基本每股收益与上年同期相比分别减少了4.24%和4%，而其归属于上市公司股东的每股净资产与去年同期相比下降19.68%。

Oct and A 2012 interim results express display，In the first half of its attributable to shareholders of a listed company net profit and basic earnings per share and compared with the same period last year are reduced to 4.24% and 4% respectively，And its attributable to shareholders of a listed company's net asset per share dropped by 19.68% compared with the same period last year。

　　“为什么华侨城亚洲利润增长50%,而华侨城A就负增长呢?”有投资者在网络上发出了这样的疑问。

“Why oct Asia 50% profit growth,And A negative oct is??”In the network have investors issued such a question。

　　尽管华侨城A持有华侨城亚洲57.38%的股权，但类似于今年1月15日上海苏河湾的资产注入势必影响到两者之间的既有的规模与业绩。

Although A oct oct hold 57.38% stake in Asia，But similar in January 15, Shanghai Sue coving assets injection will inevitably affect the existing between the scale and performance。

　　一位接近华侨城的人士在接受本报记者采访时表示，做大华侨城亚洲的规模和业绩提升可以提高华侨城亚洲未来融资的能力，更好发挥境外融资平台的功能定位，以便为华侨城A所属项目开拓更大的融资平台。

A person close to oct in accepting our newspaper reporter to interview said，Do big oct Asian scale and performance ascension can improve the ability of oct Asian future financing，Better play overseas financing platform function orientation，In order to develop A oct belongs to A project more financing platform。

　　华侨城A作为地产股，融资无法通行，因此转道香港。

As A sector oct，Financing impassable，So make a detour Hong Kong。

　　成立于1980年5月21日的康佳集团，与华侨城A一样，大股东都是华侨城集团。

Founded in May 1980, 21, konka group，And as A oct，Big shareholders are oct hotel group。

　　康佳A在房地产业领域的举动不断挑战着与兄弟公司华侨城A的同业竞争底线。

Konka A in the real estate industry continues to challenge in the field of move with brother company oct A horizontal competition the bottom line。

　　康佳集团2011年报显示，其2011全年实现销售收入162.18亿元，同比下滑了5.22%；实现净利润仅2497.28万元，同比下滑了70.25%；而其营业利润更是出现了逾2.25亿的亏损，相比于2010年2800多万的亏损，亏损幅度上升了702.95%。

Konka 2011 annual report shows，Its 2011 annual sales income is 16.218 billion，Dropped 5.22% year-on-year；Only a net profit of 24.9728 million yuan，Dropped 70.25% year-on-year；And its operating profit but also appeared more than 225 million losses，In 2010, compared with more than 2800 losses，Losses amplitude rose by 702.95%。

　　康佳对房地产的痴迷开始于十多年前，但受制与同业竞争，康佳一直未敢有大动作。从2001年开始，康佳便于华侨城地产合作，尝试进行地产开发。

Konka to real estate crazy began in ten years ago，But captive and horizontal competition，Konka has not dare to have big action。Begin from 2001，Konka facilitate oct hotel real estate cooperation，Try to real estate development。

　　对于坐拥深圳黄金地段达3.7万平方米土地的康佳集团而言，仅仅与大股东合作开发早已经不能满足其对于房地产业务的痴迷，而最终走上独立发展房地产业务之路也就成了康佳集团的必然选择。

To inherit shenzhen golden area of 37000 square meters of land in konka group，Only big shareholders and cooperative development have already can't meet its for real estate business obsession，And finally embarks on an independent real estate business road has become the inevitable choice of konka group。

　　2007年10月31日，康佳集团公告董事局审议并通过了《关于成立康佳房地产开发投资公司从事房地产开发投资业务的议案》。

On October 31, 2007，Konka bulletin board of directors deliberation and passed《Founded on the konka investment in real estate development company is engaged in the investment in real estate development business bill》。

　　2010年7月6日，康佳对外发布公告称，以3.42亿元购得昆山市周庄镇全旺路南侧总面积为36.7万平方米的土地。

On July 6, 2010，Konka foreign announcement says，With 342 million yuan for ZhouZhuangZhen kunshan city all popular south road, a total area of 367000 square meters of land。

　　但康佳高调拍地并不是为了主业，而是搞地产。

But konka high-profile take ground and not for business，But make real estate。

　　康佳公告指出，该地块进行房地产及商业等配套产业开发，项目期预计为7年，预计在2013年开始实现部分销售收入并产生利润。

Konka reported that，This plot for real estate and commercial and other supporting industries development，The project is expected to stage for seven years，In 2013 is expected to begin to implement part of the sales revenue and generate profit。

　　除了昆山，康佳对其总部的改造计划一直被外界关注。

In addition to kunshan，Konka to its headquarters has been the reconstruction plan of the outside world attention。

　　根据2011年10月14日，深圳市规划和国土资源委员会《深圳市南山区康佳集团总部厂区更新单元规划（草案）》，康佳集团总部厂区未来将成为集研发、办公、商业等多元功能为一体的城市综合体。其中，拆迁用地面积为37251.8平方米，开发建设用地面积为37251.8平方米，计容积率建筑面积为26万平方米。

According to on October 14, 2011，Shenzhen city planning and land and resources committee《Shenzhen nanshan district konka group headquarters factory update unit planning（draft）》，Konka group headquarters factory will be the future r&d、office、Commercial and multivariate function for the integration of urban complex。the，The land area of 37251.8 square meters，Development and construction land area of 37251.8 square meters，Meter volume rate building area of 260000 square meters。

　　根据康佳集团今年5月2日公布的《关于申报城市更新计划项目进展情况的公告》，上述草案已经通过深圳市规划和国土资源委员会技术会议审议。

According to the konka this year published Tuesday《Declare urban renewal plan about the progress of the project's announcement》，The draft has been through the shenzhen city planning and land and resources committee for deliberation technology。

　　不过，康佳集团从事地产业务是否与其从事房地产业务的大股东华侨城集团存在同业竞争关系，仍旧是摆在康佳集团地产之路上的一道坎。

but，Konka group engaged in the real estate business is engaged in real estate business and the major shareholder of oct hotel group exist horizontal competition relations，Is still in konka property of the path of a line。

　　根据2009年9月12日由华侨城集团签署的《发行股份购买资产暨关联交易》报告，华侨城集团承诺不会在中国境内或境外，直接或间接从事或发展与华侨城A经营范围相同或相类似的业务或项目。

Based on September 12, 2009 signed by oct hotel group《The purchase of assets through issuing shares and connected transaction》The report，Oct hotel group commitment will not in China or overseas，Directly or indirectly engaged or development and oct A scope of business the same or similar business or project。

　　2010年，康佳集团董秘肖庆在接受采访时表示：华侨城在昆山没有项目，双方不构成同业竞争。而现在，康佳把地产业务推进到了华侨城的大本营深圳。

In 2010,，Konka dong secret XiaoQing said in an interview：Oct in kunshan no project，Both sides does not constitute a horizontal competition。And now，Konka the real estate business to promote the base of shenzhen oct。

　　今年6月2日，总部位于深圳的康佳集团对外宣布将向中国银行(601988,股吧)和浦东商业银行申请总额为77.1亿元的贷款授信，与此同时康佳集团还再次向大股东华侨城集团提出了不超过15亿元的短期拆借资金的额度需求。

June 2,，Headquarters is located in shenzhen konka announced to the bank of China(601988,guba)And the pudong commercial bank for a total of 7.71 billion yuan in loans credit，Meanwhile konka group once again to big shareholders oct hotel group put forward not more than 1.5 billion yuan short-term lending funds limit demand。

　　康佳集团总裁办在接受媒体采访时确认了外界关于77亿大规模融资是为启动其深圳南山区总部商住项目的猜测：这次银行授信主要是为了满足康佳集团，以及康佳通信科技和康佳同创电器业务公司业务发展的需要，而总部从工业用地转为商住用地还需要向深圳市政府补交土地出让金，最快也要年底才能启动。

Konka ZongCaiBan when being interviewed by the media confirmed that the outside world about 7.7 billion large-scale financing is to startup its shenzhen nanshan district headquarters commercial/residential project guess：The bank credit is mainly to meet the konka group，And konka communication technology and konka create electrical business to the development of the company，And headquarters from industrial land into commercial/residential land still need to pay the land grant fee to the shenzhen municipal government，The fastest also want to the end of the year to start。

　　“这是一个同业行为，但不一定是同业竞争。”肖庆说，“华侨城现在做的地产和我们现在做的，你看到的规划是写字楼，所以不存在很冲突的同业行为。”

“This is a trade behavior，But is not necessarily the horizontal competition。”XiaoQing said，“Oct now do real estate and we now do，You can see planning is office buildings，So does not exist very conflict trade behavior。”

　　对于将要开发的康佳集团旧总部厂区改造计划，一个月前，倪征在接受本报记者采访时却表示不知情，改造计划我们根本不了解，大股东也不了解，可能是他们内部的一些技术问题，我们不清楚这个情况，到目前为止，据我所知，我们不知道他们有这个计划。

For going to the development of konka old headquarters factory reconstruction plan，A month ago，NiZheng in accepting our newspaper reporter to interview but says it does not know，Reconstruction plan we don't know，Big shareholders also don't understand，They're internal some technical problems，We don't know the situation，So far，As far as I know，We do not know they have the plan。