Share This

Public company info - Golden Wheel Tiandi Holdings Co. Ltd. , 01232.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Golden Wheel Tiandi Holdings Co. Ltd., 01232.HK - Company Profile
Chairman WONG Yam Yin
Share Issued (share) 1,802,000,000
Par Currency U.S. Dollar
Par Value 0.01
Industry Property Development
Corporate Profile Business Summary: The Group is primarily engaged in property development, property leasing and hotel operation. Performance for the year: Revenue increased by approximately 11.0% from approximately RMB1,446.4 million for the year ended 31 December 2018 to approximately RMB1,605.4 million for the year ended 31 December 2019. Gross profit decreased from RMB761.7 million for the year ended 31 December 2018 to RMB531.4 million for the year ended 31 December 2019. Gross profit margin decreased from 52.7% for the year ended 31 December 2018 to 33.1% for the year ended 31 December 2019. Business Review： Contracted sales The Group currently has 15 projects on sale. During the Year, the Group has launched the pre-sale of three new projects, namely Golden Wheel Romantic Tower, Golden Wheel Shuiying Hua Ting and Golden Wheel Cuiyong Hua Ting. All the new projects are located in Nanjing. For the year ended 31 December 2019, the Group and its joint ventures and associates achieved total contracted sales value and contracted sales area of approximately RMB3.48 billion (2018: RMB3.13 billion) and approximately 288,574 sq.m. (2018: 256,060 sq.m.) respectively. Projects completed during 2019 Three projects were completed during 2019, namely Yangzhou Lakeside Emerald House, Wuxi Golden Wheel Lakeside Orchid Garden and Golden Wheel Binary Star Plaza. Aggregate saleable gross floor area (“GFA”) of these three projects amounted to approximately 112,866 sq.m. As at 31 December 2019, an aggregate GFA of approximately 57,692 sq.m. of these newly completed projects were sold and delivered. New land acquired during 2019 in mainland China In March 2019, the Group acquired a piece of land in Nanjing City, Jiangsu Province, the People’s Republic of China (the “PRC”) with a site area of approximately 101,845 sq.m. The comprehensive plot ratio is 5.79. The newly acquired land is located at the central axis of Nanjing South Station, Dong Shan Street, Jiangning District, Nanjing City, Jiangsu Province. The land is designated Land bank of the Group As at 31 December 2019, the Group had a total land bank of approximately 1,711,270 sq.m., including approximately 123,689 sq.m. of completed but unsold properties, approximately 13,147 sq.m. of own used properties, approximately 189,999 sq.m. of completed investment properties, approximately 910,369 sq.m. of properties under development and approximately 474,066 sq.m. of properties developed by the joint ventures and associates. Property leasing Rental income arising from the Group’s investment properties maintained a stable growth during the Year. As at 31 December 2019, the Group had completed investment properties with a total GFA of approximately 189,999 sq.m. The average occupancy rate of the Group’s investment properties as at 31 December 2019 was close to 90%. Metro leasing and operational management business As at 31 December 2019, the Group had leasing and operational management contracts of 15 metro station shopping malls in four cities in China, namely, Nanjing, Suzhou, Wuxi and Changsha. The Group had a total leasable GFA of over 67,974 sq.m. As at 31 December 2019, 10 metro station shopping malls were under operations and the overall occupancy rate was over 90%. Hotel operation The Group’s new hotel, Golden Wheel Hampton by Hilton in Changsha, commenced operations in April 2019. Prospects: Coronavirus outbreak, which began in Wuhan, China in December 2019 and has since spread across every city in China and many countries worldwide, is going to have a significant economic impact worldwide in 2020. Under the decisive control measures imposed by the Chinese government, the epidemic was basically contained in mid-March 2020 in mainland China. Although the ultimate economic impact resulting from the global pandemic is yet to know, the Group believes that achieving the economic goals for 2020 is still the first priority of the Chinese government and, therefore, more stimulus policies will be launched to boom up investment and promote consumption. As the property market is the backbone for the growth of China’s economy, it is expected that more relaxed policies will be issued in the near future to enable a stable growth in the property market and the Group is optimistic that China’s property market will remain on track for stable growth in 2020. To ensure continuing growth in the Group’s property development business, it is the strategy of the Group to have a land bank that can support the Group’s stable growth for at least the next three years. As at 31 December 2019, the Group had a land bank of gross floor area of 1,711,270 sq.m., which should meet the needs of the Group’s new three-year development plan. In 2020, the Group will exercise extra caution when looking for good development opportunities. The Group will only invest in the areas that it is familiar as well as projects that can generate reasonable return.

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.