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Public company info - Wuzhou International Holdings Ltd. , 01369.HK

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Wuzhou International Holdings Ltd., 01369.HK - Company Profile
Chairman -
Share Issued (share) 4,990,000,000
Par Currency U.S. Dollar
Par Value 0.01
Industry Property Development
Corporate Profile Business Summary: The Group was principally involved in property development, property investment and the provision of property management services in the Peopleˇs Republic of China (the “PRC”). Performance for the year: Turnover of the Group amounted to approximately RMB1,046 million, representing a decrease of 66.3% from the corresponding year in 2018. The Group recorded a loss for the year attributable to owners of the Company of approximately RMB2,766 million as compared to a loss of approximately RMB4,216 million for the corresponding year in 2018. Business Review: Contracted Sales During the financial year under review, the Group recorded contracted sales and contracted sales area of RMB761 million and 56,842 sq.m., representing a decrease of 72.6% and 83.9% respectively as compared to the financial year ended 31 December 2018 (2018: RMB2,778 million; 352,273 sq.m.). Project development As at 31 December 2019, the Group had 14 development projects in Jiangsu, Zhejiang, Shandong, Hubei, Heilongjiang, Jilin, Henan, Liaoning, Chongqing and Fujian, including 12 trade logistics centers, 2 multi-functional commercial complexes and residential projects. Completed projects During the financial year under review, the Group completed a total of 19 projects or project phases with a gross floor area (“GFA”) of approximately 5,640,176 sq.m., including approximately 3,445,389 sq.m. of GFA sold and delivered and approximately 98,990 sq.m. of GFA held for lease. Projects under development As at 31 December 2019, the Group had a total of 14 projects or project phases under development with a total planned GFA of 1,005,696 sq.m., including approximately 297,670 sq.m. of GFA pre-sold and approximately 708,026 sq.m. of GFA held for lease. Projects planned for future developments As at 31 December 2019, the Group had a total of 13 projects or project phases planned for future development, with a total planned GFA of approximately 1,953,567 sq.m.. Land Bank The Group considers that acquisition of ample land bank at reasonable costs is crucial to the long-term development and profitability of the Company. The Group carried out in-depth studies on local urban planning and acquired lands of substantial development potential in order to build new commercial areas and design projects in line with market demand. During the year under review, the Group was committed to securing a land bank at the regions the Groupoperate, while actively exploring and developing other regions, allowing the Group to expand its land bank nationwide. As of 31 December 2019, the total planned GFA of land bank amounted to approximately 1,953,567 sq.m.. Prospects: Upon completion of the Group’s restructuring, the Group is expected to have a business with sufficient assets and sustainable profits. Centralised Operation, Management and Marketing Most of the purchasers of the Group’sretail stores entered into exclusive operation and management agreements with the Group, under which the Group received management service income from the purchasers for managing and controlling the leases of the retail shops, event organization and ancillary service provision. The Group also provided the purchasers with services such as project positioning, planning, design, construction, planning and marketing, leasing and operation so as to ensure the centralized operation of projects. In addition, the Group also provided general property management services for tenants and occupants. The Group develops and operates its trade logistics centers and multi-functional commercial complexes under the brands of “Wuzhou International” and “Columbus”. In order to unify the brand image of its trade logistics centers and multi-functional commercial complexes, its professional planning and marketing team is responsible for formulating the nation-wide promotion strategies and coordinating marketing activities. After years of effort that included delivering high quality of products and successful brand strategy, the asset management, construction, design and operation capability of the Group were highly recognized in the industry. As a result, the brands “Wuzhou International” and “Columbus” were well-received in the places where the Group operates.

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