<\/p>\n
Revenue grew by 58.0% year on year to RMB36.4 billion and
\n<\/b><\/p>\n
\n
<\/p>\n
Interim dividend amounted to HK12 cents per share<\/b><\/p>\n
Rental income grew significantly by 79% year on year to
\nRMB391 million<\/b><\/p>\n
Contracted sales increased by 53% year on year to RMB157.03
\nbillion for the first seven months, representing 59% of full year target<\/b><\/p>\n
Net debt-to-equity ratio and weighted average cost of indebtedness improved to 60.4% and 5.1% respectively<\/b><\/p>\n
Results Highlights:<\/b><\/p>\n
Revenue and net profit increased continuously and declared
\ndividend for seven consecutive years since IPO<\/b><\/p>\n\n- Recognised
\nrevenue increased by 58.0% year on year to RMB36.4 billion. Rental income grew
\nsignificantly by 79.0% year on year to RMB391 million.<\/li>\n - Core
\nnet profit to equity owners of the Company increased by 4.8% year on year to RMB3.35
\nbillion.<\/li>\n - Gross
\nprofit margin and core net profit margin stood at 20.7% and 9.2% respectively.<\/li>\n - Core
\nreturn on average equity was 22.3%, maintaining the industry’s leading level.<\/li>\n - Proposed
\ninterim dividend of RMB10.0 cents or equivalent to HK12 cents per share (2020
\nInterim results: RMB9.8 cents or equivalent to HK11 cents per share). Achieved
\nsustainable earnings growth since IPO, with accumulated dividends of HK$1.96
\nper share.<\/li>\n<\/ul>\n\u00a0<\/b><\/p>\n
Ensuring the achievement of annual sales targets with
\nabundant quality land bank<\/b><\/p>\n\n- Proactive
\nimplementation and deepening of diversified channels to acquire lands, deep cultivation
\nin advantageous regions and expansion in potential cities.<\/li>\n - For
\nthe first seven months of 2021, the Group achieved contracted sales of RMB157.03
\nbillion, increased by 53% year on year, representing 59% of its 2021 full year
\ncontracted sales target of RMB265 billion. The contracted average selling price
\nwas approximately RMB17,800 per sq.m. (excluding car parks and storage spaces)<\/sup>.<\/li>\n- Achieved
\na cash collection ratio of over 90% from contracted sales, maintaining the
\nindustry’s leading level.<\/li>\n - Since
\nthe beginning of 2021, the Group has strategically entered 8 new cities, including
\nYancheng, Luan, Xuancheng, Liaocheng, Dezhou, Rizhao, Putian and Zhuzhou.<\/li>\n - Its
\nhigh-quality land bank has covered 85 cities in different geographical regions,
\nover 90% of which was located at first-, second- and prosperous third-tier
\ncities with sustained economic recovery. The Group expects the saleable resources
\nin the second half of the year to be approximately RMB260 billion. Management
\nis confident of completing its 2021 contracted sales target.<\/li>\n<\/ul>\n\u00a0<\/b><\/p>\n
Continued to optimize a healthy debt structure and debt
\nmaturity<\/b><\/p>\n\n- Carried
\nout the major financing transactions, optimized the debt maturity structure and
\nreduced financing costs through increasing the issuance of green US Dollar Bonds,
\nwhich was expected to be sufficient to meet our needs of refinancing.<\/li>\n - Abundant
\ncash on hand, reaching RMB52.41 billion.<\/li>\n - Net
\ndebt-to-equity ratio and weighted average cost of indebtedness improved to 60.4%
\nand 5.1% respectively, comparing with those as at the end of 2020.<\/li>\n<\/ul>\n\u00a0<\/span><\/p>\nDiversified
\nreal estate plus business layout with continuous implementation to drive growth<\/b><\/p>\n\n- By
\nthe end of July, CIFI Commercial has entered 16 cities, and opened 9 shopping
\nmalls, with a total GFA of 630,000 sq.m., and over 30 commercial complexes
\nreserved in total laid a solid foundation for achieving rapid rental income
\ngrowth in the next three years.<\/li>\n - As
\nof August, LingYu International, a long-term leasing apartment business
\ncompany, has entered more than 10 cities, focusing on 6 core cities, with nearly
\n80,000 rooms. It was ranked TOP3 in the development category of long-term leasing
\nbrands.<\/li>\n - Recently,
\nCIFI has signed benchmarking projects under entrusted development, including
\nthe headquarters of the world’s top 500 companies and commercial complexes, as
\nwell as residential projects.<\/li>\n - Successfully
\nobtained the Wuzhou Hospital project in Chaoyang District, Beijing, which will converge
\nBeijing’s outstanding medical rehabilitation resources to create the features of
\nintensive rehabilitation. Accordingly, a duel project layout of “medical
\ncare + elderly care” has been completed in Beijing.<\/li>\n<\/ul>\n\u00a0<\/span><\/p>\nRecognized by international and onshore credit rating agencies <\/b><\/p>\n\n- Standard
\n& Poor, Fitch and Moody’s maintained the Company’s credit ratings at “BB” (with
\n“Stable” outlook), “BB” (with “Stable” outlook) and “Ba2” (with “Stable” outlook)
\nrespectively. Lianhe Global maintained the Company’s credit rating at “BBB-“
\n(with “Stable” outlook).<\/li>\n - China
\nChengxin Credit Rating, United Ratings and China Lianhe Credit Rating, each
\nassigned “AAA” onshore credit ratings to the Company and CIFI PRC.<\/li>\n<\/ul>\n\u00a0<\/span><\/p>\nFulfilled
\nhigh standards of ESG management and become a model of ESG enterprise<\/b><\/p>\n\n- CIFI
\nissued the first green finance report, proactively disclosing the use and allocation
\nof proceeds from the green bonds and the environmental benefits generated, and
\nobtaining independent third-party’s assurance, which set another benchmark among
\nindustrial peers.<\/li>\n - In
\nAugust, Hang Seng Indexes announced that CIFI would be included to Hang Seng
\nESG 50 Index for the first time.<\/li>\n - Issued
\nits first syndicated green loan of nearly HK$2.8 billion.<\/li>\n - In
\nMay 2021, the Company issued two batches of green US dollar senior notes with an
\naggregate amount of US$500 million. The 5.25-year maturity green senior notes
\nbore an interest rate of 4.45% per annum with an amount of US$350 million; while
\nthe 7-year maturity green senior notes bore an interest rate of 4.8% per annum
\nwith an amount of US$150 million, representing the longest maturity among
\noffshore bonds issued by CIFI. <\/li>\n - Donated
\nRMB100 million to Xiamen University to establish the “CIFI Education
\nDevelopment Fund” to support university education.<\/li>\n - After
\na devastating rainstorm disaster hit in Zhengzhou City, Henan Province, CIFI Charity
\nFoundation announced a donation of RMB10 million to urgently assist the local
\nflood prevention and disaster relief work and actively participate in post-disaster
\nreconstruction.<\/li>\n<\/ul>\n\u00a0<\/b><\/p>\n
Received various domestic and international
\nawards and recognitions; CIFI’s market position in the industry has been further
\nenhanced<\/b><\/p>\n\n- CIFI was ranked at 766th in the “Forbes Global 2000
\nList”, 142 places higher than last year. In the list, a total of 395 companies come
\nfrom Mainland China, Hong Kong, Macao and Taiwan.<\/li>\n - CIFI was listed in the top 13 of “Comprehensive
\nCompetitiveness List of 2021 Listed Real Estate Enterprises in China”, 2 places
\nhigher than last year.<\/li>\n - CIFI
\nwas ranked 38th in the “2021 Forbes China Philanthropy List”, and the rankings
\nhad improved for three consecutive years.<\/li>\n - CIFI has won multiple awards in the “2021
\nAll-Asia Executive Team” of real estate industry comprehensive ranking held by
\nthe international financial magazine Institutional Investor<\/i> for the
\nfifth consecutive year, and also won the third position of “Honored Companies
\nin Asia”.<\/span><\/li>\n<\/ul>\nFinancial Summary:<\/b><\/p>\n\n\n\n|
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n For
\n the six months ended 30 June<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 2021
\n <\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 2020<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n YoY
\n Growth<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Contracted sales<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Contracted
\n sales (RMB’ million) <\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 136,150<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 80,730<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +68.6%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Contracted
\n GFA (sq.m.)<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 7,973,300<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 4,895,900<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +62.9%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Contracted ASP (RMB\/sq.m.)<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 17,100<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 16,500<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +3.6%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Key
\n financial performance (RMB’ million)<\/b> <\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Recognized
\n revenue<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 36,373<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 23,022<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +58.0%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Gross
\n profit<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 7,525<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 5,901<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +27.5%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Profit for the period attributable to equity owners<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 3,603<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 3,369<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +6.9%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Core
\n net profit attributable to equity owners<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 3,346<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 3,194<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +4.8%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Core
\n basic earnings per share, RMB cents<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 41<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 41<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n As
\n at <\/b><\/p>\n
<\/p>\n 30
\n June 2021<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n As
\n at <\/p>\n
<\/p>\n 31
\n Dec 2020<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Key
\n balance sheet data (RMB’ million)<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Total
\n assets<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 439,991<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 379,299<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +16.0%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Bank balances and cash<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 52,406<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 51,155<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +2.4%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Total
\n indebtedness<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 110,747<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 104,715<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +5.8%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Total
\n equity<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 96,528<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 83,642<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +15.4%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Equity
\n attributable to equity owners<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 37,369<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 36,052<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +3.7%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Net
\n debt-to-equity ratio<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 60.4%<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 64.0%<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n -3.6
\n p.p.<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Weighted
\n average cost of indebtedness<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 5.1%<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 5.4%<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n -0.3
\n p.p.<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n Land
\n bank (GFA, million sq.m.)<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n \u00a0<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n Total<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 58.4<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 56.5<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +3.4%<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n –\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n Attributable<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 32.3<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 30.8<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n +4.9%<\/p>\n
\n <\/td>\n
\n <\/tr>\n<\/tbody>\n<\/table>\n HONG KONG SAR – Media OutReach<\/a> – 26 August 2021 –\u00a0CIFI Holdings (Group) Co. Ltd<\/a><\/b> (“CIFI”
\nor the “Group”, HKEX stock code: 884), a leading real estate developer engaged
\nin property development and investment business mainly in the first-, second-
\nand quality-third-tier cities in China, is pleased to announce its interim
\nresults for the six months ended 30 June 2021. <\/p>\n\u00a0<\/p>\n Looking
\nforward to the second half of 2021, with the solid progress in the national
\nsystematic pandemic prevention and control and the development of economy and
\nsociety, the resilience of economic development will continuously be shown.
\nHowever, the global pandemic deteriorated due to new varieties of COVID-19, and
\nthe overall environment at home and abroad is still complex and severe. It is
\nexpected that the central government will adhere to prudent real estate
\nfinancial management policies in order to prevent financial risks. Furthermore,
\nregulatory measures system at the supply end will be continuously improved and
\ndeepened, and irregular flow of funds into the real estate market will be strictly
\nmonitored to ensure the realization of the goal of stabilizing land prices, housing
\nprices and the expectations.<\/p>\n \u00a0<\/p>\n For
\nthe seven months ended 31 July 2021, the Group already achieved contracted
\nsales of RMB157.03 billion, representing 59% of its 2021 full year contracted sales
\ntarget. Thanks to the Group’s proactive implementation and deepening of diversified
\nchannels to acquire lands, deep cultivation in advantageous regions and
\nexpansion in potential cities, its high-quality land bank has covered 85 cities
\nin different geographical regions, over 90% of which was located at first-,
\nsecond- and prosperous third-tier cities with sustained economic recovery. The
\nGroup expects the saleable resources in the second half of the year to be approximately
\nRMB260 billion, and its management is confident of completing its 2021
\ncontracted sales target.<\/p>\n \u00a0<\/p>\n Mr. Lin Zhong, Chairman and Executive Director of the
\nGroup <\/b>said, “2021 is the closing
\nyear of the Group’s “Second Five-Year Plan”. Through the unremitting efforts of
\nall employees, the Group continued to pursue steady and high-quality
\ndevelopment, and achieved balance among scale expansion, profitability, and
\nfinancial safety, and consolidated CIFI’s leading position as a top developer
\nin China’s real estate industry. Looking forward, CIFI is still firmly
\noptimistic about its principal business of property development, and is committed
\nto incubating property related businesses to help development and to complement
\neach other. Meanwhile, the management is also optimistic about the development
\nof self-owned rental generating properties. The management will continue to explore
\nthe transformation from solely residential development to development + investment
\nproperties, and adheres to the commercial development route of “pursuing high
\nquality in first- and second-tier cities and pursuing scale in third-tier
\ncities”. The Group also puts great significance on promoting its management standard
\non environmental protection, social responsibility, and corporate governance. From
\nthe level of the Group’s strategic planning, we pledge full commitment to forge
\nCIFI as one of the Fortune Global 500 enterprises with outstanding results,
\npersistent performance of social responsibility and excellent corporate
\ngovernance.”<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Revenue grew by 58.0% year on year to RMB36.4 billion and
Interim dividend amounted to HK12 cents per share Rental income grew significantly by 79% year on year to
RMB391 million Contracted sales increased by 53% year on year to RMB157.03
billion for the first seven months, representing 59% of full year target …<\/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\/17177"}],"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=17177"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17177\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |