Share This

Public company info - Times China Holdings Limited , 01233.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Times China Holdings Limited, 01233.HK - Company Profile
Chairman Shum Chiu Hung
Share Issued (share) 1,984,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Property Development
Corporate Profile Business Summary: During the year, the Group was mainly involved in property development, urban redevelopment business and property leasing in the People’s Republic of China. Performance for the year: Turnover for the year of RMB38.58 billion, representing a decrease of 9.1% as compared with last year; Profit for the year of RMB5.37 billion, representing a decrease of 3.5% as compared with last year; Basic and diluted earnings per share for the year of RMB254 cents, representing a decrease of 7.0% as compared with last year. Business Review Property Development The Group focuses on the major core cities in the Guangdong-Hong Kong-Macau Greater Bay Area. As at 31 December 2020, the Group had 138 major projects in total at various stages, including 128 projects in major cities of Guangdong province, namely, Guangzhou, Foshan, Jiangmen, Dongguan, Huizhou, Zhuhai, Zhongshan, Qingyuan, Zhaoqing, Shantou, Shanwei and Heyuan, and 5 projects in Changsha, Hunan province, 1 project in Wuhan, Hubei province, 2 projects in Chengdu, Sichuan province and 2 projects in Hangzhou Area, Zhejiang province. For 2020, with its outstanding operating capability and high quality projects situated in prime locations, the Group still managed to accomplish expected contracted sales for the year. For 2020, the Group’s contracted sales(1) amounted to approximately RMB100.38 billion with total GFA of approximately 6,731,000 sq.m. The Group focuses in its projects on peripheral facilities, seeking to enhance customers’ experience in art and to fulfill the needs of the middle to upper class households. Urban redevelopment business The Group’s income from urban redevelopment business for the year amounted to RMB5,453.3 million. The income was mainly generated from urban redevelopment projects in Guangzhou and Foshan etc.. As of 31 December 2020, there were over 160 urban redevelopment projects in aggregate, with a potential total GFA of approximately 53.37 million sq.m. Properties for leasing and sub-leasing As at 31 December 2020, the Group held a GFA of approximately 30,979 sq.m. and 246 car parking spaces at Times Property Center and a GFA of approximately 37,567 sq.m. at Block No. 26 of Times King City (Zhongshan) for rental purposes and the GFA for Guangzhou Times Commercial Management Co., Ltd. and other subsidiaries for sub-leasing purposes was approximately 608,274 sq.m.. For 2020, the Group’s rental income amounted to RMB450.1 million, contributing to 1.2% of the total revenue. Property management services Property management fee income represents revenue generated from property management services provided in relation to delivered properties before the spin-off of Times Neighborhood. In 2020, no new income from property management services was recorded by the Group primarily due to the spin-off of Times Neighborhood which was principally engaged in the provision of property management services. Prospects: Looking forward to 2021, as the pandemic gradually fades away around the globe, the economy will be on track to recovery. China’s monetary policy will be marginally tightened, whereas fiscal policy will emphasize more on precision and effectiveness. Under the policy tone of “stable land prices, housing prices and market expectations”, the local governments will continue to carry out targeted policy for respective cities to maintain the steady development of the real estate industry. Backed by the prudent management system of real estate financing, real estate financing and individual housing loan will be more orderly. The market turnover in the industry varies across regions, and the market demand in major metropolitan areas will remain buoyant. With the ongoing investment in new infrastructure and the construction of digital cities, the value of the major metropolitan areas is further highlighted. The Group will insist on the quality of growth, while maintaining the balance of growth, benefits and risks. It will also ensure the quality growth of residential development business, further enhance the competitive advantages of urban redevelopment business and collaborative development of business including commercial properties and industrial parks. The Group will adopt a diversified land acquisition strategy, proactively engage in urban redevelopment and renewal, and ensure land reserves are sufficient and with high quality. The Group will continue to deepen the Group’s presence across the Guangdong-Hong Kong-Macau Greater Bay Area, significantly increase the market share in regions where the Group operate, gradually increasing the investments in cities with high growth potential such as Yangtze River Delta, the middle stream of the Yangtze River and Chengdu-Chongqing urban agglomeration. The Group will adhere to the aggressive sales strategies, strengthen the Group’s cash flow management and increase the capital turnover rate.

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.