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Public company info - Yuzhou Group Holdings Company Limited , 01628.HK

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Yuzhou Group Holdings Company Limited, 01628.HK - Company Profile
Chairman Lam Lung On
Share Issued (share) 6,305,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Property Development
Corporate Profile Business Summary: The principal activities of the Group comprise property development, property investment, the provision of management services and hotel operation. Performance for the year: During the year, the revenue of the Group amounted to RMB10,411.60 million. The profit for the year was RMB228.23 million. The total equity increased by 19.41% to RMB34,302.93 million. Business Review: Sale of Properties During the year, the Group’s revenue from property sales was RMB9,738.62 million, accounting for 93.54% of the total revenue of the Group. The Group delivered a total gross floor area (GFA) of approximately 831,564 sq.m.. The average selling price of the properties delivered and recognized as property sales in 2020 was RMB11,711 per sq.m.. The Group’s recognized revenue from property sales derived from a number of regions across the country, including the Yangtze River Delta Region, West Strait Economic Zone, Central China Region and the Greater Bay Area, which contributed 66.64%, 19.39%, 13.54% and 0.43% of the recognized revenue, respectively. Among them, the Yangtze River Delta Region still played a major part on the overall recognized revenue contribution. As the further implementation of the strategy of “Locality Development” in the future, the Group believes that cities contributing revenue stream will be more diversified, which will bring more recognized revenue from property sales to the Group. Contracted Sales As of 31 December 2020, the Group’s accumulated contracted sales amounted to approximately RMB104,967.11 million, representing a year-on-year increase of 39.74%. The GFA of contracted sales amounted to 6,264,616 sq.m. and the contracted average selling price was approximately RMB16,756 per sq.m., increased by 10.90% year-on-year. Property Investment The Group’s property investment segment with a variety of commercial offerings covers shopping center, shopping streets and office buildings, to shape two product lines as the “Yu Yue” brand for shopping centers and “Yuzhou Plaza” brand for office building. The Yuzhou property investment projects, whose business is mainly operated in economically developed areas such as the West Strait Economic Zone and the Greater Bay Area, currently cover areas of Shenzhen, Shanghai, Hangzhou, Xiamen, Suzhou, Nanjing, Hefei, Wuhan and Quanzhou. There were 28 projects under operation and 11 projects in preparation period, 39 projects in total with a commercial area of over 1.52 million sq.m., where shopping mall, office building and community business accounted for 61.3%, 23.0% and 15.7% respectively. Operational projects covered over 1,000 cooperative brands and approximately 1,600 strategic alliance brands. It is worth mentioning that the Group has implemented a comprehensive digital upgrade of the enterprise resource planning systems (ERP systems) in commercial properties under management, which has significantly improved the efficiency of management communication and coordination, and made a qualitative leap in operation capacity. Over the years, Yuzhou Commercial Company has focused on core tier-1 and tier-2 core cities and has been actively exploring ways to make a breakthrough, refining each project and improving customers’ experience with innovations in business type, model, design and capital. In the future, Yuzhou Commercial Company will be committed to promoting the development of market research and positioning, tenant sourcing and pre-opening services and other diverse value-added services for strengthening brand value and customer satisfaction and driving the rapid growth of the business line. Property Management During the year, the scale of property management business of the Group continued to expand. As of December 31 2020, the total GFA of the managed projects of the Group was more than 17.5 million sq.m. and the total contracted area was more than 26 million sq.m.. In particular, the proportion of GFA under management from third parties was more than 15%. The managed projects (in terms of GFA) accounted for more than 50% in the Yangtze River Delta Region, and more than 30% in the West Strait Economic Zone. Hotel Operation The Group currently operates Xiamen Yuzhou Camelon Hotel Apartment and Xiamen Yuzhou Wyndham Grand Plaza Royale Hotel, among which, the revenue of Xiamen Yuzhou Wyndham Grand Plaza Royale Hotel was presented in joint ventures. The Group positively puts 4 projects into construction such as Xiamen Yuzhou Camelon Hot Spring Hotel (Tong’an), Hui’an Camelon Business Hotel, and Taizi Lake of Wuhan and Jinhui Area of Fengxian District, Shanghai, etc. In 2020, Xiamen Yuzhou Camelon Hotel Apartment was fully upgraded to meet the reception needs of different customers, such as conferences and banquets, so as to improve the residential experience of customers. During the year, the total revenue of the Group’s hotel operation was approximately RMB13.98 million. Prospects: In the future, Yuzhou will, as always, adhere to the spirit of “Building Cities with Heart, Building Homes with Love”, firmly follow its goal of “Developing Products, Optimizing Services and Improving Operations”, and pay much attention to the products and services by retaining talents, enhancing financing and refining management to maintain high-quality growth. Based on the belief of “Provide Highly Competitive Products and Sincere Services”, firmly follow the principle of “Combatant Spirit, Aggressive Innovation, Prompt Action, Family-state Ideal, Incorruptible Atmosphere”, and actively seize market opportunities to ensure healthy and strong development of the Company. Staying true to the founding mission and moving forward with honor, the Group will continue to create value for shareholders, customers, employees and the whole society, and continue to make steady progress towards creating another new record.

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