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业绩焦点:花样年控股集团有限公司 (1777.HK)

Performance focus: in the mood for Love Holdings Group Limited (1777.HK)

致富證券 ·  Mar 16, 2015 00:00  · Researches

Income increases by less than 1% year on year

In the year to the end of December 2014, the collective income was 7.306 billion yuan per capita, with a slight increase of 0.4 per cent in the same period of 13 years, of which the income from property sales fell 2.9 per cent to 6.535 billion yuan per year, accounting for 89.5 per cent of the period income. income from property investment increased by 61% to 136 million yuan per year. Income from property agency services increased by 471% to 1900 yuan per year, income from property management increased by 60.2% to 504 million yuan per year, and income from hotel services increased by 2.31% to 111 million yuan per year. In addition, during the period, the contract sales volume reached 102.14 billion yuan, reaching 100.00 billion yuan for the whole year, while the contract sales area was about 1.38 million square meters, with an average sales volume of about 7400 yuan per square metre, compared with about 7870 yuan per square meter in the same period last year.

Land equipment

By the end of last year, the planned land construction area was 14.55 million square meters; in China, 40.6% of the land is located in the Chengdu-Chongqing Economic Zone, 37.2% in the Pearl River Delta, 11.5% in the Changjiang Delta, 6.4% in the Beijing-Tianjin metropolitan area, 4.2% in the Central China region, and less than 1% of its land is located overseas.

Fair value of investment in property industry

The fair value of investment in the property industry during the collection period increased by 576 million yuan, compared with 167 million yuan in the same period in 2013; in addition, the fair value of activities confirmed to have been completed after investment during the period increased by 9600 yuan per year.

The shares of the company should occupy the profits.

The share of the company's shares should increase by 3.3% to 1.55 billion yuan per year, with earnings per share of 0.22 yuan. On the other hand, the core profit benefit of the collection year (excluding the fair value activities of investment assets and converted to the fair value activities and benefits of the completed goods for sale) increased by 477% year-on-year to 1.076 billion yuan. The Board declared a final dividend of HK5.39 cents per share (HK6.68 cents per share in 2013).

The translation is provided by third-party software.


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