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Public company info - Redsun Properties Group Limited , 01996.HK
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Redsun Properties Group Limited, 01996.HK - Company Profile
Chairman Zeng Huansha
Share Issued (share) 3,324,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Property Development
Corporate Profile Business Summary: The Group is principally engaged in the property development, commercial property investment and operation and hotel operations in the PRC. Performance for the year: During the Reporting Period, the net profit for the year of the Group was RMB1.636 billion, representing a year-onyear increase of 23.6%. The core net profit attributable to owners of the parent was RMB1.247 billion. Core net profit per share was RMB0.37. Business Review： 1. Sales of Properties For the year ended 31 December 2019, the Group achieved contracted sales of approximately RMB65.15 billion, representing an increase of 37.6% as compared to RMB47.34 billion in the corresponding period last year. The contracted sales in gross floor area of the Group was approximately 4.905 million sq.m., representing an increase of 39.0% as compared to 3.528 million sq.m. in the corresponding period last year. The increase was due to the fast expansion of the Group resulting in the gradual realization of sales from the projects acquired previously. 2. Land Bank As at 31 December 2019, the Group had a land bank with an aggregate gross floor area of approximately 16,931,996 sq.m. (gross floor area attributable to the Group was approximately 9,254,340 sq.m.), representing an increase of 29.4% from 13,084,376 sq.m. as at 31 December 2018. As at 31 December 2019, completed properties totaled 521,579 sq.m., rentable area held for investment totaled 702,502 sq.m., and properties under development totaled 15,707,915 sq.m. 3. Commercial Property Investment and Operations For the year ended 31 December 2019, the Group achieved rental income of approximately RMB411.4 million, representing an increase of 14.6% as compared to the corresponding period last year. The increase was mainly due to the grand opening of Pavilion C2 and C3 Nanjing Hong Yang Plaza in August 2019, the increase in contribution made by Changzhou Hong Yang Plaza as a result of an improvement of its performance and the additional contribution from Yantai Hong Yang Plaza and Tengzhou Hong Yang Plaza as a result of their openings. 4. Hotel Operations For the year ended 31 December 2019, the Group achieved sales revenue of approximately RMB39.8 million from its hotel operations, representing an increase of 8.3% as compared to the corresponding period last year. The increase was mainly due to an increase in contribution made by Nanjing Hong Yang Hotel and Wuxi Hong Yang Lakefort Hotel as a result of an improvement of their performance. Prospects: In 2020, the Group will continue to foster the “dual-driven” business strategy, while “Quality and Efficacy Enhancement” will become the main theme of the Group’s operation in year 2020. For property development, under the guidance of the general direction of “penetrating the Greater Jiangsu Region, strengthening foothold in the Yangtze River Delta Region and expanding into major metropolitan areas”, the Group will adhere to a nationwide strategic layout and further solidify the Group’s efforts in selected regions in Jiangsu and Yangtze River Delta, along with uplifting the quality of products and services, and strengthening the profitability and the ability to withstand risks. For commercial real estate, the Company will stress both expansion of scale and enhancement of operation quality. While exploring high-quality projects through diversified models such as entrusted management, leasing and self-holding, the Company will also continuously optimize and upgrade its business portfolio and foster innovation as well as enhance consumer experience, so as to create benchmark commercial property projects, thereby creating better return on assets of its commercial real estate business.

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