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Public company info - China South City Holdings Ltd. , 01668.HK
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China South City Holdings Ltd., 01668.HK - Company Profile
Chairman Cheng Chung Hing
Share Issued (share) 8,092,000,000
Par Currency
Par Value 0.0
Industry Property Development
Corporate Profile Business Summary: The principal activities of the Group are developing and operating large-scale integrated logistics and trade centers in China, providing a comprehensive trading platform of raw materials and finished products for domestic and international wholesale suppliers, buyers, manufacturers and distributors. With its unique business model, the Group not only sells and leases well-designed, high quality trade center units for businesses to display and sell their products, but also provides trade center occupants and their customers with a full range of facilities and services such as offices, residential facilities, warehousing and onsite logistics services, conference and exhibition facilities, hotels,restaurants, banking services, on-site government services in a bid to offer one-stop convenient supply chain solutions. Performance for the year: Core net profit attributable to owners of the parent (excluding fair value gains on investment properties and certain tax effects, impairment of goodwill, etc.) was HK$1,553.3 million (FY2018/19: HK$1,749.6 million), while profit attributable to owners of the parent recorded HK$2,633.1 million (FY2018/19: HK$3,251.0 million). Basic earnings per share was HK32.47 cents (FY2018/19: HK40.33 cents). Business Review During the Year, China’s government strongly supported the real economy by aiding smalland medium-sized enterprises through various ways, including tax reduction and loan interest discount. China South City, meanwhile, adhered to its “trade and logistics+” model and participated in real economy, and have welcomed the favourable policies of full resumption of production and full backing for real economy, which afford the Group the opportunity of rapid development. As such, China South City Group has fully enhanced its corporate position, striving to build up to a world-class trade and logistics center, a digital center, an innovation center and a living center. China South City projects in various locations will work towards this goal according to their respective regional advantages and local policies. CSC Shenzhen principally orients to the Guangdong-Hong Kong-Macao Greater Bay Area, while CSC Nanning to the China-ASEAN Free Trade Area; CSC Nanchang principally orients to Jiangxi and radiant to Yangtze River Economic Belt; CSC Xi’an orients to the five northwest provinces and the five stans in Central Asia, while CSC Harbin to northeast Asia, CSC Zhengzhou to central China; CSC Hefei to Anhui, Jiangsu, Zhejiang and Shanghai, and CSC Chongqing to southwest China, radiant to the Chongqing-Xinjiang-Europe international corridor. Furthermore, China South City also benefits from the strategic development opportunity from the “Belt and Road Initiative” of China. Standing on the principles of equality and mutual benefits, the “Belt and Road” strategy finally bears fruit in Asia and across the world after around seven years of development. It has opened up the important traffic hubs along the way and established various platforms for exchanges in economy and trade between countries and regions. Apart from the Group’s projects being afoot in key participating cities such as Shenzhen, Xi’an and Chongqing, CSC Harbin is established in the northeast Asia market under the national “Belt and Road Initiative”, serving as a bridge for the economic alliance and collaboration between China and Eurasia; whereas CSC Nanning, which enjoys the geographical advantages of being adjacent to Southeast Asia, benefits from the preferential policy on cross-border trading activities devised by the “China-ASEAN Free Trade Zone”. Besides, Zhengzhou, Nanchang and Hefei are leading inland open economies enjoying economic favour from surrounding areas. At present, China South City’s layout in the eight Mainland cities highly adheres to important national development strategies such as the “Guangdong-Hong Kong-Macao Greater Bay Area” and the “Yangtze River Economic Belt”, especially the “Guangdong-Hong KongMacau Greater Bay Area” in great vogue in recent years. China South City, as one of the representative enterprises in the Greater Bay Area, was invited to share experience of successful project management on behalf of key introduced enterprises in exchange meetings launched in the regions like Guangxi and Henan. As the China South City’s projects in eight regions become more mature, a number of them have been included in the provincial or municipal key projects. China South City would quickly seize market opportunities amidst industry transformation, smoothing the way to speed up the development. Prospects: In the year 2020, with uncertainties of international environment and possible recurrence of COVID-19, China South City will continue to focus on real business and closely follow the direction of government policies, in order to facilitate overall business upgrade. In particular, after years of development, projects in Zhengzhou, Xi’an, Shenzhen, Nanchang, Nanning and other cities have already gained numerous advantages such as well-equipped facilities, wide-ranging industries and high accessibility. With the introduction of more brands and the emerge of new industries, the number of visits and traffic flow will be further boosted, while the projects in Chongqing, Hefei and Harbin are set to grow rapidly as the transportation and ancillary infrastructure become sounder. The simultaneous growth of each project will lay a solid foundation for the healthy development of China South City. While managing to run the principal business well, China South City keeps strengthening capital operation via broadening financing channels, controlling costs strictly, prioritizing efficacy and making full use of the constructive role in the capital markets for resources allocation. The Group will also enhance tenant recruitment, capability of operation and the quality of projects as a whole. It will further refine specific management work division and products to facilitate upgrade and development of the Group. Meanwhile, China South City will still adhere to its unique “Trade and Logistics+” business model, which allows the best use of its own business ecosystem and gives the best value. China South City has been striving towards the development strategy of “Integrating Industries into Projects, Building Beautiful New ‘City’ Conducive to Work and Life”. Leveraging its wealth of experience throughout the years, China South City has positioned itself to be worldclass integrated trade and logistics center, digital center, innovation center and living center, and is committed to being an incubator for strategic emerging industries that align with the national strategy and economic transformation, uncovering new growth point collectively with the real economy. Last but not least, the Group’s vision to build beautiful new “cities” conducive to work and life would be ultimately realised through the development of each project with strong urban function, together with well industry and sector layout. The management plans that the Group will deliver its annual contracted sales target of HK$16,000 million for the financial year ended 31 March 2021. In respect of recurring business, the Group will strive to keep its growth momentum and develop diversified and stable revenue streams.

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