Financial Performance - Revenue for 2020 reached RMB 33,734 million, an increase of RMB 16,072 million compared to 2019[8] - Gross profit for 2020 was RMB 8,249 million, up by RMB 2,794 million from the previous year[8] - Profit for the year amounted to RMB 3,459 million, representing an increase of RMB 418 million year-on-year[8] - Earnings per ordinary share for 2020 were RMB 0.94, an increase of RMB 0.05 from 2019[8] - In 2020, Greenland Hong Kong achieved a contracted sales amount of RMB 54,535 million, representing a year-on-year increase of approximately 13%[38] Assets and Liabilities - Total assets as of 2020 were RMB 164,989 million, an increase of RMB 65,719 million from 2019[17] - Total liabilities reached RMB 142,847 million, up by RMB 60,168 million compared to the previous year[17] Land Acquisition and Development - The company developed 110 projects across 37 cities in 9 provinces, focusing on the Yangtze River Delta and Pan-Pearl River Delta regions[3] - In February 2020, the company entered into a cooperation with Agile Group to develop a project with a total GFA of approximately 275,000 sq.m. in Kunming, Yunnan Province[19] - The company won land parcels in Chenggong District of Kunming City with a total GFA of approximately 216,200 sq.m. in February 2020[19] - In April 2020, the company won bids for land parcels in Fuyang District, Hangzhou City, Zhejiang Province (181,700 sq.m.) and Yancheng City, Jiangsu Province (318,000 sq.m.)[21] - In May 2020, the company secured land parcels in Yuhang District, Hangzhou City, Zhejiang Province and Jinning District, Kunming City, Yunnan Province with a total GFA of approximately 340,000 sq.m.[22] - In June 2020, the company acquired land parcels in Dayu District, Kunming City, Yunnan Province and Wujiang District, Suzhou City, Jiangsu Province totaling approximately 358,800 sq.m.[23] - In July 2020, the company acquired land parcels in Xinbei District, Changzhou City, Wujiang District, Suzhou City, and Binhu District, Wuxi City, Jiangsu Province with a total GFA of approximately 616,000 sq.m.[24] - In September 2020, the company won a bid for a land parcel in Tongxiang, Zhejiang Province with a total GFA of approximately 144,500 sq.m. for an urban complex project[24] - In December 2020, the company completed the acquisition of Guangzhou Greenland, adding a strategic land bank of approximately 8.33 million sq.m. in Guangdong Province, including the Greater Bay Area[25] - The company added approximately 12 million square meters of land bank by acquiring 54 land parcels in major cities in the Yangtze River Delta and Pan-Pearl River Delta[39] Awards and Recognition - The company won 96 industry awards and over 80 other awards in 2020, including 23 international design awards and 62 design awards from authoritative organizations in China[27] - The company was awarded the "Best Real Estate Company" in the "Fifth Golden Hong Kong Stocks Awards Ceremony" in 2020[27] Strategic Initiatives - The company aims to establish itself as a benchmark in the Hong Kong capital market for mainland China's real estate players[3] - The company entered into a comprehensive strategic cooperation with HM Capital for a business model of "Base + Fund + Operation" in October 2020[24] - The Group focused on six key areas: boosting sales, securing supply, facilitating project completion, exploring development opportunities, strengthening operations, and team building[32] - The Group launched a self-owned brand "HOHOG" and a tender and purchase management platform to enhance operational efficiency[32] - The Group is committed to digital transformation, achieving full lifecycle management and supervision, which enhances operational and decision-making efficiencies[51] - The Group aims to enhance its core competitiveness by creating new demands and improving consumers' material needs through diversified operations and sophisticated management[54] Market Outlook - Looking ahead to 2021, the real estate market is expected to develop soundly and stably, supported by the gradual availability of vaccines[52] - The Group plans to lay a solid foundation for reaching the "100 billion camp" by focusing on long-term development and strategic layout for the next five years[53] - The Group will continue to identify high-quality land projects with promising potential for development[47] Project Development and Completion - The company has a significant presence in Jiangsu Province, with multiple projects in cities like Wuxi, Suzhou, and Changzhou, indicating strong regional market engagement[178] - The company is focused on residential and commercial developments, with a mix of completed and ongoing projects, reflecting a balanced growth strategy[178] - The company is actively involved in the superstructure phase of several projects, indicating a robust pipeline for future revenue generation[179] - The company has a diverse portfolio with properties at various stages of development, ensuring a steady flow of potential income streams in the coming years[179] - The company is expanding its footprint in the hotel sector, with properties like Holiday Inn Shanghai Pudong fully completed[178] Regional Project Distribution - The company has a total of 38 projects in Guangdong, accounting for 33% of the total GFA[57] - In Jiangsu, there are 28 projects across 9 cities, representing 15% of the total GFA[57] - Guangxi has 13 projects in 4 cities, which is 17% of the total GFA[57] - The company has 9 projects in Yunnan, located in 1 city, making up 11% of the total GFA[57] - Hainan has 4 projects in 1 city, accounting for 10% of the total GFA[57] - The company operates 9 projects in Zhejiang, which is 6% of the total GFA[57] - In Anhui, there are 2 projects in 2 cities, representing 6% of the total GFA[57] - Shanghai has 6 projects in 1 city, contributing to 1% of the total GFA[57] Project Details - Greenland Seaside City has a site area of 69,172 sq.m and a GFA of 151,091 sq.m, located in the Shanghai Free Trade Zone[66] - Holiday Inn Shanghai Pudong Kangqiao features a site area of 42,750 sq.m and a GFA of 58,596 sq.m, with 400 guest rooms and additional commercial facilities[68] - Greenland Jiangnan Huafu has a site area of 214,062 sq.m and a GFA of 540,868 sq.m, situated in the core area of Wujiang District, Suzhou[70] - Greenland Loch Mansion covers a site area of 117,999 sq.m and a GFA of 213,690 sq.m, located in the Suzhou Bay District[71] - Dream City has a site area of 150,363 sq.m and a GFA of 270,700 sq.m, positioned in the Yundong Area of Wujiang Economic Development Zone[73] - Greenland Yejin Mansion has a GFA of 160,372 sq.m, located in the Canal Segment of Guangling District, Yangzhou City[75] - Greenland Ideal City features a site area of 124,819 sq.m and a GFA of 318,000 sq.m, located in the core area of Economic Development Zone in Yancheng City[77] - Greenland Ocean Masterland has a site area of 164,406 sq.m and a GFA of 311,316 sq.m, situated in the key development area of the High Tech Zone of Nantong[82] - Greenland Midtown covers a GFA of 226,386 sq.m, located in the Xinlong segment of New North District, Changzhou[84] - Greenland Lakeside Villa has a site area of 356,629 sq.m and a GFA of 335,640 sq.m, located in Xuzhou City, Jiangsu Province[88] - Greenland Emerald Park has a site area of 92,395 sq.m and a GFA of 149,398 sq.m, located 7 km from downtown Zhenjiang City[91] - Greenland Sky Tree features a GFA of 330,701 sq.m and is a mixed development project in Wuxi, situated atop Guangcheng Metro Line 1[92] - Greenland Xi Shui Dong has a site area of 249,005 sq.m and a GFA of 658,819 sq.m, making it the largest city-core development project in Wuxi[94] - Greenland Diamond Mansion covers a site area of 70,903 sq.m with a GFA of 185,760 sq.m, located within 5 minutes of Wuxi city center[95] - Wuxi Health Home has a site area of 62,098 sq.m and a GFA of 159,780 sq.m, positioned in the downtown of Liangxi district[97] - Greenland Yushan World spans a site area of 180,225 sq.m with a GFA of 380,391 sq.m, located in the Yushan Bay District[99] - Greenland Central Plaza has a site area of 277,933 sq.m and a GFA of 702,207 sq.m, situated in the main district of Tongxiang, Jiaxing City[104] - Greenland Epoch Gate features a site area of 135,663 sq.m and a GFA of 260,990 sq.m, located in Yiwu's prosperous business circle[106] - Greenland Four Seasons Impression project has a site area of 119,963 sq.m and a GFA of 230,837 sq.m, located in the core area of Pukou Eco-Tech development zone, Shengzhou, Zhejiang Province[109] - Greenland Taiping Lake Resort covers a site area of 2,283,733 sq.m with a GFA of 1,049,453 sq.m, featuring a multi-phase resort development including five-star hotels and a golf course[110] - Guangde Inter City Space project has a site area of 351,301 sq.m and a GFA of 829,200 sq.m, aimed at developing a high-speed railway complex community[112] - Haikou Greenland City spans a site area of 1,147,035 sq.m with a GFA of 1,995,840 sq.m, representing a large-scale mixed development of residential, commercial, and office spaces[113] - Greenland Central Culture Center has a site area of 685,251 sq.m and a GFA of 1,760,071 sq.m, also a large-scale mixed development project[115] - Greenland Dian Lake International Health Town covers a site area of 931,900 sq.m with a GFA of 1,610,656 sq.m, focusing on comprehensive healthcare development[117] - Greenland Southeast Asia Headquarters project has a site area of 141,280 sq.m and a GFA of 860,936 sq.m, planned as a mixed development including a super high-rise[119] - Greenland Central Plaza spans a site area of 192,684 sq.m with a GFA of 776,606 sq.m, featuring top-tier urban facilities and convenient transport infrastructure[124] - Greenland Center project has a site area of 39,099 sq.m and a GFA of 236,948 sq.m, designed as a mixed development of office and commercial spaces[126] - Greenland Xin Li Pu Yue Garden covers a site area of 86,087 sq.m with a GFA of 240,491 sq.m, aimed at residential development and revitalizing the old town[127] - Greenland City project covers a site area of 336,412 sq.m and a GFA of 665,056 sq.m, planned to develop a complex with ten categories including ecological living and international education[128] - Greenland Dongmeng International Town has a site area of 873,342 sq.m and a GFA of 1,734,007 sq.m, aimed at becoming a future city with six categories such as commercial center and international education[129] - Greenland New Metropolis occupies a site area of 94,423 sq.m with a GFA of 232,463 sq.m, located in a core residential district with significant development opportunities[131] - Greenland Jiaotou Central Park spans 73,358 sq.m in site area and 277,173 sq.m in GFA, set to be a new city landmark in Qinzhou[133] - Wuzhou Greenland Art Residence covers a site area of 76,000 sq.m and a GFA of 226,833 sq.m, planned to develop a central life area with seven categories including healthcare and education[135] - Yulin Greenland City has a site area of 437,525 sq.m and a GFA of 996,031 sq.m, intended to be developed into a future city with a mixed residential and commercial focus[137] - Greenland Forest Lake project features a site area of 792,500 sq.m and a GFA of 1,654,081 sq.m, located in the Greater Bay Area with plans for comprehensive cultural tourism[139] - Greenland Future City has a site area of 196,581 sq.m and a GFA of 555,000 sq.m, designed as a mixed development of residential, commercial, and office spaces[144] - Shunde Greenland Center covers a site area of 34,442 sq.m and a GFA of 182,929 sq.m, planned as a mixed-use development of residential, commercial, and office[146] - Greenland Garden City Family spans a site area of 117,616 sq.m and a GFA of 350,299 sq.m, aimed at a mixed development of residential and commercial[150] Project Completion Status - The company has completed multiple properties, including 100% residential and commercial developments in Shanghai and Suzhou, with all listed properties marked as completed[178] - The company holds a 100% interest in several ongoing projects, such as the Greenland Loch Mansion and Greenland Diamond Mansion, with scheduled completions in 2023 and 2021 respectively[179] - The company is currently developing properties with varying completion statuses, including superstructure work in progress for projects like Glory Mansion and Amber Villa, expected to complete in 2022 and 2023[179] - A total of 51% interest is held in Amber Villa, indicating a strategic partnership in the residential sector[179] - The company has properties under development in Wuxi and Changzhou, with completion dates ranging from 2021 to 2024, showcasing a diverse portfolio[179] - The company is actively expanding its portfolio with new projects, including the Greenland City of Elite and Guangzhou International Innovation Driving Center, both in progress[86][87] - The scheduled completion dates for several properties range from 2021 to 2025, showcasing a strategic timeline for market entry[81][83] - The company maintains a diversified interest in both residential and commercial sectors, enhancing its market positioning[82][90]
绿地香港(00337) - 2020 - 年度财报