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碧桂园(02007)2017年股东应占溢利增长126.3%至260.6亿元 每股派息24.95分

Country Garden (02007) Profit attributable to shareholders increased 126.3% in 2017 to 26.06 billion yuan with a dividend of 24.95 cents per share

智通财经 ·  Mar 20, 2018 12:23

According to the Zhitong Finance App, Country Garden (02007) announced its 2017 results, achieving total revenue of about RMB 226.90 billion (same unit), an increase of about 48.2% over the previous year; gross profit of approximately RMB 58.79 billion, an increase of 82.4% over the previous year; the profit attributable to the company's shareholders was about RMB 26.06 billion, an increase of 126.3% over the previous year; the company's shareholders should account for core net profit of about 24.69 billion yuan, an increase of 106.0% over the previous year; the basic profit per share was 122.80 points, with a recommended final dividend of 24.95 points per share.

For the year ending December 31, 2017, the group, together with its joint ventures and associated companies, achieved contract sales of about 55.80 billion yuan, an increase of 78.3% over the previous year; the contract sales area was about 60.66 million square meters, an increase of 61.9% over the previous year. At the end of the year, the Group operated a total of 1,468 projects, covering 30 provinces, 220 cities, and 768 counties/towns in mainland China, becoming the world's largest housing developer, leading the industry.

During the period, the group received about 50.33 billion yuan in cash back from real estate sales and achieved net operating cash flow of about 24.08 billion yuan. Following 2016, the group achieved positive operating cash flow again. Based on a 78.3% year-on-year increase in contract sales for the full year of 2017, the group's net borrowing ratio was 56.9%. Cash and bank deposits (including restricted cash) amounted to approximately $148.40 billion, while about $248.51 billion of bank credit lines had not been used, had sufficient working capital, and were approved and supported by rating companies and major financial institutions.


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