Share This

Public company info - China Sandi Holdings Ltd. , 00910.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

China Sandi Holdings Ltd., 00910.HK - Company Profile
Chairman Guo Jiadi
Share Issued (share) 5,087,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Property Development
Corporate Profile Business Summary: The Group’s principal business is engaged in property development, property investment and hotel operation business. Performance for the year: For the year ended 31 December 2019, the Group recorded a total revenue of approximately RMB1,941.6 million, representing an increase of approximately 431.9% compared with the nine months ended 31 December 2018. The profit attributable to the owners of the Company for the year ended 31 December 2019 amounted to approximately RMB482.2 million as compared with a loss of approximately RMB114.6 million for the nine months ended 31 December 2018. Basic earnings per share was RMB9.70 cents (nine months ended 31 December 2018: basic loss per share of RMB2.57 cents). Business Review Property development Following the completion of a very substantial acquisition in January 2019 and several acquisitions during the year ended 31 December 2019, the Group has added multiple quality property development projects to its portfolio and successfully expanded its business into new regional markets in the PRC. As at 31 December 2019, the Group had 12 property projects under development which are situated in different cities in the PRC, key cities included Shanghai, Fuzhou, and Xian. The Group primarily focuses on the development of residential properties, as well as residential and commercial complex properties, product types including apartments, offices, retail shops and villas, etc. Contracted property sales During the year ended 31 December 2019, the Group achieved contracted sales of approximately RMB3,173.4 million with contracted GFA of approximately 317,137 sq.m, representing an increase of 53.6% in contracted sales and 38.0% in contracted GFA as compared with the nine months ended 31 December 2018. Such increase is mainly contributed from the new projects launched for pre-sales during the year ended 31 December 2019. Hotel Operation Revenue from hotel operation amounted to approximately RMB28.9 million for the year ended 31 December 2019 (nine months ended 31 December 2018: approximately RMB19.1 million), which was derived from hotel accommodation and catering service provided by three hotels operated in Baoji, namely Ramada Baoji Jintai （寶雞三迪華美達酒店）, Pesht Boutique Hotel Baoji （寶雞三迪佩斯精品酒店） and Jinjiang Inn, Baoji Administration Center （錦江之星寶雞行政中心店） (collectively, the “Baoji Hotels”). In order to secure a stable stream of income, in December 2019, the Group had leased the Baoji Hotels to an independent hotel management company who also acts as the exclusive operator to direct and manage the operation of the Baoji Hotels effective from January 2020. After this lease arrangement, the Group is entitled to receive hotel rental income for a term of 10 years. Accordingly, the Group has ceased to carry on hotel operations and stay focus on the property development businesses. Property Investment During the year ended 31 December 2019, the Group recognised rental income and property management and related fee income of approximately RMB125.3 million (nine months ended 31 December 2018: approximately RMB107.9 million), which is mainly generated by two furniture malls situated in Fuzhou and Baoji. The Group’s investment properties also include hotels, kindergarten, commercial and office premise, which are all located in the PRC and provided a stable income stream to the Group. Following the lease arrangement of Baoji Hotels in December 2019, the Group’s investment properties now included 6 hotels properties with GFA of approximately 111,800 sq.m in aggregate, which comprise international brand hotels and domestic brand chain hotels. Apart from the Baoji Hotels aforesaid, the Group currently had two leased hotel properties in Fuzhou which are managed by the hotel’s lessee, namely, Ramada Plaza Fuzhou （福州三迪華美達廣場酒店） and DoubleTree by Hilton Fuzhou South （福州南三迪希爾頓逸林酒店）, and a hotel under development in Shanghai namely, Hyatt Regency Songjiang, Shanghai （上海松江凱悅酒店）, which is expected to be completed in 2020. Other investments The Group’s other investments include investing surplus cash from operations in listed equity securities in Hong Kong. The Group has invested in listed high yield stocks with growth potentials. The objectives of these investments are to strike a balance between risk and return in order to maximise return to shareholders of the Company (the “Shareholders”). The equity securities acquired are principally for short term investment purpose. The Group would closely monitor performances of the mentioned investments and will seek for disposal opportunities for profit if any. The Group’s principal business is still engaged in property development, property investment and hotel operation business and thus the Group will continue to proactively take up opportunities in real estate market. Therefore, the Group would consider disposing or downsizing the existing listed-equities investment portfolio when the Group has funding needs for expanding the property development business in the future. Prospects: Looking ahead, the outbreak of the COVID-19 in 2020 brought uncertainties and challenges to the global economy. The Group is cautiously optimistic about the economy and property market in the PRC in the long run. The management will actively continue to look for investment opportunities in relation to the real estate business in the PRC and maintain a policy of selectively and continuously replenishing the Group's land bank, so as to enhance the Group's overall competitiveness and lay a solid foundation for the Group’s long term development. The management believes that the Group is well-poised for the challenges ahead and is determined to strive for higher returns to the Group's shareholders.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.