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Public company info - Hopson Development Holdings Ltd. , 00754.HK
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Hopson Development Holdings Ltd., 00754.HK - Company Profile
Chairman Chu Kut Yung
Share Issued (share) 2,179,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Property Development
Corporate Profile Business Summary: The Group is mainly engaged in the development of residential properties, commercial properties investment, property management and infrastructure business in Mainland China and investments business. Performance for the year: Turnover was HK$34,371 million (2019: HK$18,601 million).Profit attributable to equity holders was HK$13,634 million (2019: HK$9,486 million), of which net of tax gain on investment property revaluation accounted for HK$573 million (2019: HK$6,132 million). Underlying profit was HK$12,784 million (2019: HK$3,230 million).Basic earnings per share was HK$6.15 per share (2019: HK$4.26 per share). Business Review: Contracted sales performance Details of properties sold under sale and pre-sale contracts in 2020 totalling RMB35,834 million (2019: RMB23,317 million), including contracted sales of properties of RMB34,456 million (2019: RMB22,900 million) and contracted sales of decoration of RMB1,378 million (2019: RMB417 million). Properties sold but yet to be delivered As at 31st December 2020, the GFA in respect of which the Group had entered into sale and presale contracts and yet to be delivered to buyers was 2,548,699 square metres (2019: 2,371,005 square metres). Following the delivery of these properties, the proceeds received therefrom totalling HK$25,940 million will be recognised as revenue in the Group’s financial statements in 2021 and thereafter. Delivery of properties A total GFA of 1,206,554 square metres (2019: 730,282 square metres) was delivered in 2020. Project development progress • A total GFA of 2,177,529 square metres (2019: 1,853,528 square metres) was completed during the year 2020. • It is expected that a total GFA of 2,583,852 square metres will be completed in 2021. Landbank As at 31st December 2020, the Group had a landbank of 30.44 million square metres (31st December 2019: 31.11 million square metres). Prospects: The Group will fully accelerate implementation of informatisation, aiming to realise automated and intelligent management on various operations. In addition, the Group will accelerate innovation in commercial models, and establish itself into a world leading platform enterprise that adopts light asset commercial model. The Board believes that platform development is already one of the strategic goals of the Group. By integrating world-class technologies, the Group will promote and implement business and product innovation, as well as disruptive commercial models, thereby establishing an industry platform. Meanwhile, leveraging on its developed operations in real estate, commercial property, Hooplife, infrastructure and investment, with the use of advanced technologies such as blockchain, big data and artificial intelligence, the Group will proactively generate new momentum for full industry chain, attract upstream and downstream users to the platform, create industry ecosystem and develop the core competitiveness of the Group, thereby achieving long-term healthy development for the Group. Looking forward, the Group will overcome challenges ahead with the Group's united efforts. Adhering to the directions and requirements of technology development, platform development and professional development, the Group will further strengthen the core competitiveness of the Company, and develop Hopson Development into a world-class enterprise.

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