CIFI Holdings (Group) Co. Ltd<\/a><\/b> (“CIFI” or
\nthe “Group”, HKEx stock code: 884), a leading real estate developer engaged in
\nproperty development and investment business mainly in the first-, second- and
\nquasi-second-tier cities in China, is pleased to announce its annual results
\nfor the year ended 31 December 2020.<\/p>\n
\n
<\/p>\n
The Group expects a steady development of China’s
\nreal estate market in 2021 that new construction remains at a high level, sales
\nin first- and second-tier cities continue to be driven by\u00a0 consumption upgrades, and sales are expected
\nto hit record high. In terms of land market, due to the tightening of financing
\nchannels for real estate developers and the concentration of land supply in 22
\ncities in phases, reasonable resource allocation and profitability
\nconsiderations will pose greater challenges to operation capacity. Developers
\nwill be more prudent in land acquisition, and transaction will become more rational.
\nIndustry consolidation will accelerate, resulting in increasing concentration.<\/p>\n
\n
<\/p>\n
The Group has penetrated into the Yangtze River
\nDelta region. In the early years, it focused on all core cities in the
\nShanghai-Rim Metropolis with Shanghai as the centre, while putting emphasis on the
\nPan Bohai Rim Region and Shandong Province. In recent years, more efforts have been
\nmade\u00a0 to cover the core cities around the
\nGreater Bay Area metropolis, and the Chengdu-Chongqing real estate market has
\nbeen further developed. It is believed that the national layout will enable the
\nGroup to obtain benefits during the process of this round of urbanization.<\/p>\n
\n
<\/p>\n
\u00a0<\/p>\n
\n
<\/p>\n
In 2021, the Group’s contracted sales target is
\nRMB265 billion, and it has sufficient saleable resources to support the
\ncompletion of the full-year contracted sales target. Currently, the Group has
\ncovered 89 cities across the country and established presence in 7 regions.
\nDiversified land bank and premium project reserves have laid a solid foundation
\nfor the growth of the Group’s\u00a0 contracted
\nsales. <\/p>\n
\n
<\/p>\n
\u00a0<\/p>\n
\n
<\/p>\n
Mr. Lin Zhong, Chairman
\nand Executive Director of the Group <\/b>said, “We believe
\nthat the central government’s advocacy of the real estate policy tone that “houses
\nare built to be inhabited, not for speculation”, “renting and acquiring at the
\nsame time” and “differentiated policies for different cities” will remain
\nunchanged. We expect
\nthe various restrictive policies to continue in the near future. The Group
\nwill uphold the long-term development strategy, persistently improve the corporate
\noperation efficiency, continue to enhance its brand advantages and put emphasis
\non product innovation, follow the principle of prudent management of finance,
\nand build up the strengths to defend the market volatility. Meanwhile, the Group
\nputs great significance on promoting its management standard on environmental
\nprotection, social responsibility and corporate governance, which will be
\nuplifted to the level of the Group’s strategic planning. We pledge full
\ncommitment to forging CIFI as one of the Fortune Global 500 with outstanding results,
\npersistent performance of social responsibility and excellent corporate
\ngovernance, and create encouraging returns for shareholders.” <\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"CIFI Group Announces 2020 Annual Results
Total profit grew by 28.7% to RMB11.9 billion
exceeding RMB10 billion for the first time Core net profit to equity owners of the Company increased
by 16.3%\u00a0to a new record high of RMB8.03 billion Dividend growing continuously since IPO and\u00a0final dividend of 29 HK cents per share …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/13668"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=13668"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/13668\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=13668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=13668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=13668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}