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Public company info - Tian Shan Development (Holding) Ltd. , 02118.HK
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Tian Shan Development (Holding) Ltd., 02118.HK - Company Profile
Chairman WU Zhen Shan
Share Issued (share) 1,006,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Property Development
Corporate Profile Business Summary: The Group is principally engaged in the development and sale of properties in the People’s Republic of China. Performance for the year: The Group’s revenue increased by 8.1% to approximately RMB4,990.5 million from RMB4,616.0 million as compared with the prior year. The Group recorded a net loss of approximately RMB111.9 million as compared with a net profit of approximately RMB150.3 million in last year. Business Review Market Review For the year ended 31 December 2019 (the “Year”), the growth of the real estate industry slowed down after experiencing continuous increase in the transaction volume. According to data from the National Bureau of Statistics, the sales area of commodity housing in China reached 1,715.6 million square metres, representing a year-on-year decrease of 0.1%. The volume of commodity housing transactions amounted to RMB15,972.5 billion, representing a year-on-year increase of 6.5%, and the rate of growth declined by 5.7% over the same period last year. Industry policies remained generally stable. Benefiting from the available funds in the market and the improved financing environment, the loans for residential house purchases have increased steadily. The land supply area in core cities has increased, and the land market has picked up. According to the data from the China Index Research Institute, 31,116 parcels of land were granted in 300 cities nationwide in 2019, representing a year-on-year increase of 2%; the area of lands granted was 1,298.16 million square meters, representing a year-on-year of 1%. Of which, 10,992 parcels of lands are for residential purpose (including residential lands and mixed lands with residential nature), representing a year-on-year increase of 6%, with the land area of 534.17 million square metres, representing a year-on-year increase of 5%. 5,050 parcels of lands are for commercial and office purposes, representing a year-on-year increase of 7%, with the land area of 136.93 million square meters, representing a year-on-year increase of 3%. Property Development and Investment Tian Shan Development (Holding) Limited (the “Company”, together with its subsidiaries, the “Group”) is one of the leading property developers currently focusing on developing quality residential properties and industrial properties in the People’s Republic of China (the “PRC”). As at 31 December 2019, the Group had numerous property projects under development primarily located in Shijiazhuang, Tianjin, Ningxia and Yangzhou. The Group’s brand “Tian Shan” is well-recognised by its customers. The Group’s business objective is to provide a comfortable living environment to its customers. During the Year, the Group recorded a turnover of approximately RMB4,990.5 million and delivered properties with gross floor area of approximately 619,842 square metres. The total contracted sales amount was approximately RMB8,853.5 million and contracted sales gross floor area was approximately 800,575 square metres for the Year. During the Year, the Group has replenished its land bank by acquiring certain new residential and industrial land parcels through auction/bidding/tender in Shijiazhuang and Yinchuan. The aggregate consideration for the land parcels was approximately RMB843.4 million and the estimated salable gross floor area was approximately 711,480 square metres. The land parcels are intended to be developed for sale in two to three years’ time. These new property projects are in the planning and foundation stage and shall contribute to the Group’s contracted sales in coming years. The Directors are optimistic that the Group will continue its growth by developing and selling properties developed on the new land banks. The Group recorded a slight decrease in fair value of approximately RMB2.3 million from certain investment properties in Sanhe • Tian Shan International Enterprises Base . The Group will continue to monitor its property projects in order to make timely response to the changing circumstances. Prospects: With the PRC Government’s continuous implementation of relaxed monetary policy and active fiscal policy, tax reduction and fee cutting policy, the Company expects that the desired results will be gradually produced. On the purpose of maintaining balanced policy in the real estate industry, the Company also expects that the PRC Government will continue to introduce policies according to the actual situation of city under the principle that “houses are not for speculation, but for living”. The value of the core economic circle will be further highlighted, the population will continue to flow in and the infrastructure will be further improved, which will bring sustained impetus to the development of the industry. Unfortunately, since January 2020, due to the outbreak of the Novel Coronavirus (COVID-19) disease in the PRC and worldwide, ongoing prevention and control measures have been carried out throughout the world. The epidemic has largely impacted the world’s overall economy as well as the Group. Accordingly, the Group’s operations and revenue may be negatively affected to a certain extent depending on the effects of the prevention and control measures, duration of the outbreak and subsequent catch up progress of properties sales and constructions. The Company will closely monitor the situation, and assess its impacts on the Group’s financial position and operating results. Other than that, the Group is committed to continue its successful track record in the development of quality residential and industrial property projects in the PRC. The Group will continue to follow the national policy, combine its own advantages and market positioning, focus on the northern regions of the PRC, and vigorously enhance its market share where it locates. Meanwhile, the Group will continue to maintain sound cash flows of the Company and ensure its sustainable and healthy development.

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