china overseas development co., ltd. announces 2019 annual results | 中國海外集團-必一运动官网

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china overseas development co., ltd. announces 2019 annual results

time: 2020-03-26 14:49:36  source: china overseas holdings limited

in 2019, profit attributable to shareholders was rmb 41.62 billion, with a net profit margin of 25.4%
the land bank at the end of 2019 is 89.23 million square meters


(hong kong, march 26, 2020) china overseas land & investment co., ltd. ("china overseas land & investment" or "the group", stock code: is pleased to announce the 2019 annual results today.

the group has gone through 40 years of development and has gone through many rounds in the economic and real estate cycle, we insist on looking at the market from a longer-term perspective, planning the development of enterprises, and ensuring long-term sustained and steady growth.

in 2019, the group maintains good and fast high quality growth and profitability continue to maintain the industry’s leading position and create steady growth in returns for shareholders. the group's series of companies achieved contracted sales of hk$377.17 billion in 2019, a year-on-year increase of 25.2%; the group achieved operating income of rmb 163.65 billion, profit attributable to shareholders reached rmb 41.62 billion, a year-on-year increase of 10.3%, and a net profit margin of 25.4 %, the profit margin remains the highest in the industry. at the end of 2019, the group’s equity attributable to shareholders was rmb 280.60 billion, leading the industry, with a net asset value of rmb 25.61 per share. the group’s basic earnings per share were rmb 3.80, and it plans to distribute a final dividend of 57 hk cents per share. together with the interim dividend, the total annual dividend is 102 hk cents per share. from 2017 to 2019, the group has distributed a total of more than hk$29.8 billion in cash dividends.

stable finances and abundant cash. the group adheres to a prudent and prudent financial strategy. at the end of 2019, the debt-to-asset ratio was 60.06%, and the net lending ratio was 33.68%, maintaining the lowest debt ratio among real estate companies with annual sales of more than 100 billion yuan; the weighted average borrowing cost for 2019 was 4.21%. the cost is in the lowest range in the industry; cash held at rmb 95.45 billion at the end of 2019. three major international organizations have given the group's industry-leading credit ratings, moody's baa1, standard & poor's bbb , and fitch a-.

cultivate first- and second-tier cities with higher safety margins. during the year, the group added a total of 53 land in 25 cities in mainland china and hong kong. the total floor area of ​​the newly purchased land was 11.46 million square meters, the actual equity area was 10.97 million square meters, and the equity purchase amount of land was rmb 113.4 billion. the large-scale construction of high-speed rail and urban rail in mainland china is accelerating the population transfer to high-energy cities. the group insists on deepening the cultivation of first- and second-tier cities with stronger anti-risk capabilities. in 2019, 68% of the new land bank is located in the guangdong-hong kong-macao greater bay districts, the beijing-tianjin-hebei urban agglomeration, and the yangtze river delta metropolitan area.

the land reserves of first- and second-tier cities account for more than 80% of the market’s significant increase in share. at the end of 2019, the group's series of companies had a total land reserve of 89.23 million square meters, and more than 80% were located in first- and second-tier cities; real estate sales entered the top three in the local market in 23 cities, and sales in 11 key cities exceeded hk$10 billion the sales in beijing exceeded hk$40 billion, and the sales in nanjing and guangzhou exceeded hk$20 billion.

the operating income of the commercial assets held by the group continues to accelerate growth , continue to lead in the field of office buildings. in 2019, the total revenue of commercial properties held by the group reached rmb 4.16 billion, a year-on-year increase of 22%. at the end of 2019, the total area of ​​commercial properties held and put into operation by the group's series of companies was 4.38 million square meters, including 45 office buildings, 13 shopping centers, 12 star-rated hotels, and 2 long-term rental apartments. ownership office development and operator, now more than 140 fortune 500 companies have settled in the office buildings of china overseas. relying on the scale advantages of office properties, the group's free office product officezip has been stationed in seven cities including beijing, shanghai and chengdu. there are a total of 12 officezip projects with a total office area of ​​approximately 74,000 square meters. in 2023, it is estimated that the total operating income of commercial properties held by the group will exceed hk$10 billion.

the group insists on the product design concept of "green technology, healthy life" adapts to the new needs of customers in the new era, and takes intelligence and industrialization as the two major directions for quality upgrading. during the year, we will cooperate with technology companies such as huawei to lead the development and application of smart communities and smart homes. , to build the world's first 5g community zhonghai·zhenrufu in shanghai; stand out from more than 40 peer companies and participate in the compilation of two national standards, "smart community construction code" and "smart building design standard".

the group continues to practice corporate social responsibility. adhering to the path of green development, in 2019, the group added 74 green building certification projects in 2019, with a certified construction area of ​​15.82 million square meters; in the three poverty-stricken counties of kang county, kangle county, and zhuoni county in gansu province, the huiwanjia’s targeted poverty alleviation actions promote poverty alleviation through industry, consumption, and education, which are highly recognized by all sectors of society. the group has been included in the "hang seng corporate sustainability index" for ten consecutive years, and the msci esg rating has also been rated bb.

in the first quarter of 2020, the group will be united in the fight against the new crown pneumonia epidemic , to ensure the safety of every employee, no wuhan employees are infected; actively and efficiently implement the epidemic prevention and control of its properties and communities, speed up the resumption of work and production in an orderly manner, and donate anti-epidemic materials to hospitals and other institutions in wuhan, shenzhen and other cities. as of the end of february, the group's commercial properties have implemented rent reductions of more than rmb 20 million, helping partners relieve difficulties. up to now, 100% of the sales offices, construction sites, and operating businesses other than wuhan have resumed work.

currently, the epidemic has been significantly controlled in china. the group we are confident that china’s property market will maintain a market size of more than ten trillion yuan, maintain strategic determination, stick to the main channel, adhere to the sustainable development concept of "good products, good services, good benefits, and good citizens", and insist on today, tomorrow and the day after tomorrow. a strategic business structure of multiple levels, with residential development as the main business of the group based on today, commercial asset management as the growth-oriented business facing tomorrow, and entering the fields of pension, education, logistics and other industries to cultivate new growth points for the day after tomorrow.

in 2020, the central government will continue to increase counter-cyclical adjustments. ensuring steady economic progress; the real estate policy guided by "stabilizing land prices, stabilizing housing prices, and stabilizing expectations" guides the steady and healthy development of the real estate industry; the new crown pneumonia epidemic has delayed the release of demand for home purchases, but the demand will not disappear. "one city, one policy" is more targeted and flexible, and will bring more differentiated market opportunities. the group is confident of achieving sustained and steady growth in 2020.