HONG KONG, Aug. 27, 2015 /PRNewswire/ --
Business Highlights (As of 30 June 2015)
Greenland Hong Kong Holdings Limited ("Greenland Hong Kong" or the "Company", stock code: 0337.HK), a subsidiary of Greenland Group, which is a leading global real estate company, today announced its unaudited interim results for the period ended 30 June 2015 (the "period under review").
For the period under review, the Company completed 107% of its target for the first half year, among which, sales of the projects in first and second tier cities continued to be the main contributor of the Company's contracted sales. Notably, key projects that contributed significant volumes of contracted sales include Hainan projects (29%), Jiangsu projects (20%), Zhejiang projects (19%) and Guangxi projects (11%). The Company's total revenue was approximately RMB1,001,228,000 while net profit attributable to owners of the Company was approximately RMB88,000,000, representing a year-on-year increase of approximately 249%. Basic and diluted earnings per share attributable to owners of the Company amounted to RMB0.03, compared with RMB0.01 per share in the corresponding period of 2014. Besides, the Company held a land bank of approximately 14.3 million square meters, sufficient to support the Company's development pipeline for the next three to five years with prime sites strategically located in key cities in the Yangtze River Delta and southern China coastal area.
In the second half of 2015, the Company plans to launch four projects in Shanghai, namely Huangpu District Wuliqiao Project, Greenland Yunxiang Tower, Greenland Free Harbour and Greenland Xin Du Hui, amongst Huangpu District Wuliqiao Project is already under construction. In addition, the Company will also introduce new phases mainly in Jiangsu Province, Guangxi Autonomous Region, Zhejiang Province and Yunnan Province. Launching these new phases is expected to further drive contracted sales growth in the second half of the year.
Meanwhile, in response to the "Internet Plus" action plan unveiled by Mr. Li Keqiang, Premier of the State Council, the Company spared no effort to promote the "big finance" strategy in order to expand and enhance its finance business, and proactively developed internet financial products by using the tools of "Internet Plus". The Company's Greenland Financial Information Services Co., Ltd ("Greenland Financial Services") came into operation in May 2015, dedicated to create an integrated investment and financing platform in terms of products, platforms and channels in the internet financial sector.
As for the development of the finance business, the self-developed mobile internet financial platform of Greenland Financial Services APP, was launched online on 25 August. The APP aims at providing users with a wide range of products and services relating to property internet finance covering various sectors, including investment, wealth management, social life and livelihood. Meanwhile, Greenland Financial Services will take the initiative to apply for all the financial licenses necessary for the operation of internet finance, further refine the personal wealth management platform and quicken its pace in platform acquisition and asset development. "Greenland Dichanbao - The Blue Sky Series," the first product of Greenland Financial Services, has already been successfully launched to provide investment and financing services to developers. And so has "Greenland Zhiyebao - Property Purchase at Zero Cost," a product provides favorable offers to property buyers.
Apart from this, Greenland Financial Services is taking effort in implementing "Greenland No. 1 REITs" with the Nanxiang project as its first assets. This is a REITs product targeting commercial properties to be issued by Greenland Financial Services in the private equity market with an aim of enhancing investment returns by assisting real estate projects in achieving overall sales and realizing quick capital payback. Rental income will be earned through property management by a subsequently established real estate fund, thereby adding value to the real estate sector. Another innovative product which is under preparation is called "Greenland Rongtongbao," whose targets include upstream and downstream enterprises of the real estate industry chain and thousands of corporate users of the Greenland corporate service platform. "Greenland Rongtongbao" is a liquidity support business based on performing big data analysis on the long-accumulated business cooperation data of cooperation partners so as to ascertain the credit limits of the borrowers.
Mr. Chen Jun, Chairman of the board of Directors and Chief Executive Officer of Greenland Hong Kong, said, "The Greenland Group's successful listing on the Main Board of Shanghai Stock Exchange signifies that the 'Greenland Series' is taking into shape. The Company will further adopt the overall strategies of Greenland Group, initiating the innovative transformation and upgrade on capital platforms with the real estate industry. Looking ahead, Greenland Hong Kong will continue to provide customers with quality products and services following market trends. In our efforts to achieve real estate sales leapfrog growth, we will also continue to promote the 'big finance' strategy, and actively use its subsidiary internet banking platform 'Greenland Financial Services', so as to foster rapid development of traditional real estate business, real estate funds as well as property-related internet finance, achieving better performance in the capital market and maximizing value for investors."
Greenland Hong Kong Holdings Limited
Greenland Hong Kong Holdings Limited (0337.HK) is a subsidiary of Greenland Group, one of the top 500 companies in the world.
Greenland Holdings Corporation Limited ("Greenland Group", stock code: 600606.SS) is an oversize mixed ownership enterprise supervised by State-owned Assets Supervision and Administration Commission of Shanghai Municipal Government with establishment on 18 July 1992 and headquarters based in Shanghai.
Since its establishment 23 years ago, Greenland Group has formed a diversified pattern with real estate industry as its main business, big infrastructure, big finance and big consumer as its co-emerging industries with a global presence, firmly implementing the development strategies of capitalization, publication and internationalization. With a global presence in more than 80 cities in China and 12 cities in 9 overseas countries, such as the United States, Britain, Germany, Australia, Canada, South Korea, Thailand and Malaysia, Greenland Holdings realized the successful listing on the Main Board of Shanghai Stock Exchange as a whole (600606.SS) and also on the Hong Kong Stock Exchange of its partial assets (0337.HK, 01365.HK), building up an integrated capital platform combining both internal and external resources and ranking 258th in 2015 Fortune Global 500.
In the future, Greenland Holdings will leverage the listing opportunity, with the aid of the capital market, to speed up the innovative transformation of the Group, constantly to build Greenland Holdings into a local multinational company with prominent main business, diversified development, global presence, integration of real estate and financial business with leading edges in the sectors of real estate, finance, subway and other industries, in the effort to transform the "China's Greenland" into the "Global Greenland".
As an international capital operation channel and brand display window of Greenland Group, Greenland Hong Kong will assist Greenland Group to achieve higher goals and explore new growth drivers and act as a bridge to link up its domestic and overseas resources in order to offer powerful support for the sustainable development of Greenland Group. Greenland Hong Kong will not only serve as a financing vehicle for Greenland Group's quality projects to access capital from international markets, but also realize its own rapid business and capital growth by ways of acquisition and debt issuance. Relying on Greenland Group's rich resources, large scale, mature brand, advanced management and passionate corporate culture, Greenland Hong Kong will step into a new era of exponential development by comprehensively consolidating the existing assets and fully utilizing the advantages of the capital platform in Hong Kong.
