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Public company info - Hailan Holdings Limited , 02278.HK

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Hailan Holdings Limited, 02278.HK - Company Profile
Chairman Zhou Li
Share Issued (share) 300,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Property Development
Corporate Profile Business Summary: The group is a property developer primarily focusing on residential property development in the Hainan Province. Performance for the year: For the Reporting Period, the revenue and gross profit of the Group were approximately RMB354.7 million and RMB125.3 million, representing a decrease of approximately 74.9% and 81.1% as compared with 2018, respectively. Loss attributable to the equity shareholders of the Company was approximately RMB18.9 million, while the Group recorded profit attributable to the equity shareholders of the Company of approximately RMB179.5 million during last year. Business Review: Contracted sales For the Reporting Period, the Group recorded contracted sales of approximately RMB550.7 million, representing a decrease of approximately 53.3% as compared with 2018. The contracted saleable GFA was 22,192.0 sq.m. in 2019, representing a decrease of approximately 47.2% year-on-year. The ASP of contracted sales was RMB24,817.0 per sq.m., representing a decrease of approximately 11.6% year-on-year. REVENUE FROM SALES OF PROPERT For the Reporting Period, the GFA of delivered properties decreased due to the promulgation of whole-province limitation on purchase of commodity housing in the Hainan Province and fierce competition among the peers. The revenue from sales of properties was approximately RMB349.7 million, representing a decrease of approximately 74.7% as compared with 2018 and accounting for 98.6% of total revenue, which continues to be the main source of revenue and growth momentum for the Group. PROPERTY INVE Rental income The rental income of the Group for the Reporting Period amounted to approximately RMB5.0 million which was derived from the leasing of the serviced apartments and car parking spaces located at Sanya Phoenix Aqua City Left Shore and the shops located at Danzhou Phase I in the amount of RMB4.4 million and the leasing of the serviced apartments located at Mountain View City of State of California of USA in amount of RMB0.6 million. Investment properties As at 31 December 2019, the investment properties of the Group represent the car parking spaces held by the Group for rental purpose. As at 31 December 2019, the carrying amount of investment properties was approximately RMB107.0 million, representing an decrease of approximately 17.7% as compared with 2018, mainly due to the fair value of investment properties was decreased approximately RMB 22.7 million. Prospects: Looking ahead, the sales and development plan would be affected by the epidemic for the first quarter of 2020 and it is expected to see a series of loosening policy, including the ease of property purchase, sale and finance restrictions. The numbers of sales and development are anticipated to recover in the second quarter and the second half of the year and it is anticipated that the numbers of annual sales and development would generally remain stable. The Group has adopted online sales method to supplement sales channel in response to the impact of the epidemic. Meanwhile, the Group have tried hard to ensure the good operation status of the Group through cutting investment in the first quarter and increasing withdrawal amount of finance funding. The Group remains cautiously optimistic about the overall property development in the PRC and will continue to develop the existing projects in Hainan region in 2020 and keep investing and expanding in Guangdong-Hong Kong-Macao Greater Bay Area and peripheral areas. It is the Group’s intention to make opportunistic investment in Yangtze River Delta region so as to keep the stable and effective growth in real estate business segment.

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