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Public company info - Datang Group Holdings Limited , 02117.HK
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Datang Group Holdings Limited, 02117.HK - Company Profile
Chairman Wu Di
Share Issued (share) 1,364,000,000
Par Currency U.S. Dollar
Par Value 0.01
Industry Property Development
Corporate Profile Business Summary: The Group is primarily engaged in property development business in the People’s Republic of China (the “PRC”). Performance for the year: Revenue amounted to RMB10,588 million, increased by 30.6% compared to 2019.Net profit attributable to the owners of the Company was RMB715 million, representing a slight increase from 2019. Business Review 1.Real Estate Business In 2020, the Group followed the geographical layout of 2+1+X, focused on existing areas, consolidated existing layout in the two urban agglomerations of the Haixi and Beibu Gulf, and established a relatively stable scale advantage. Meanwhile, the Group seized the opportunity of relocating the Group's headquarters to Shanghai, by taking root quickly in the Yangtze River Delta region, as well as successively entered into 14 nodal core cities with economic vitality, such as Ningbo, Taizhou, Wenzhou, Changzhou, Nantong, Wuxi and others. the Group have strengthened strategic cooperation with leading companies in the industry, all of which will lay a solid foundation for the Group to become a national comprehensive real estate company. During the Reporting Period, the Group’s revenue from the real estate business was RMB10.11 billion. The total GFA of the land bank was approximately 20.44 million square meters, providing sufficient support for future development. Newly acquired land In 2020, through various land acquisition methods such as public bidding, auction and listing and joint ventures, a total of 44 high-quality land parcels were obtained by the Group, with a total planned GFA of 8.39 million square meters. 2.Land Bank As of 31 December 2020, the total GFA of the Group’s land bank was 20.44 million sq.m. among which the GFA of completed properties for sale was 1.34 million sq.m., the rentable GFA for investment was 0.17 million sq.m., and the GFA of properties under development was 18.93 million sq.m. as of 31 December 2020. 3.Investment and Operation of Commercial Properties During the year, the Group achieved rental income of approximately RMB56.4 million, representing an increase of 38.9% compared to the same period of last year. The increase was mainly attributable to the additional rent from commercial space of Nanning Dynasty Tiancheng Phases I & II. The Group has 10 commercial properties projects mainly located in Xiamen, Fujian and Nanning, Guangxi respectively. 4.Hotel Operation During the year, the Group achieved sales revenue from hotel operation business of approximately RMB47.8 million, representing an increase of 37.6% compared to the same period of last year. The increase was mainly attributable to the improvement of performance of Xiamen Dynasty Ginlan Jia Hotel and Nanning Dynasty Congyue Hotel. Up to now, the Group has two hotels opened, namely Xiamen Dynasty Ginlan Jia Hotel and Nanning Dynasty Congyue Hotel. Prospects: Looking forward to the future, the Group will always adhere to the “customer-focused, high-quality and large-scale development theme, two-wheel drive of platform strategy and product power improvement” to achieve further growth in performance. In terms of specific businesses, the Group will continue to firmly implement the platform strategy, broaden the circle of friends, and accelerate the gathering of resources. the Group insist to focus on the customer’s value perception, and continue to promote the improvement of product power. the Group are guided by the requirements of the capital market, and continue to improve the level of financial and cost management. In addition, the Group will actively promote the construction of headquarters in Shanghai, and is determined to create a more open and compatible platform, introduce more high-quality resources, and achieve national layout with a better brand image. The Group will continue to follow closely on the “14th Five-Year Plan” development strategy of China, implement the strategy of “making the layout of urban agglomeration, taking root in metropolitan area”, and adhere to open cooperation. the Group will grasp the structural and trending opportunities in the new era of China’s real estate development, steadily expand to cities with high-quality strategic opportunities, and strive to open up a broader development space to further consolidate the Group's industry and market position, and achieve sustained and steady business growth. Meanwhile, the Group will maintain the high degree of transparency and good corporate governance structure, improve the Company’s comprehensive management capabilities, enhance its competitiveness, and actively seek to promote the Company to achieve leapfrog development through introduction of strategic investors and platform resources, etc. with equity as the link, in order to build Datang Real Estate into a high-quality listed company with sustainable growth capabilities and achieve win-win situations for customers, employees, society, and shareholders.

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