Source: Media Outreach
HONG KONG, CHINA – Media OutReach – 6 August 2020 – In July 2020, the Group achieved contracted sales of RMB21.99 billion, representing a year-on-year increase of approximately 51% (compared to July 2019). GFA sold under contracts amounted to approximately 1,531,900 sq.m. Contracted ASP was approximately RMB 14,400 / sq.m. in July 2020.
From January to July 2020, the Group achieved contracted sales of RMB 102.72 billion. GFA sold under contracts amounted to approximately 6,427,800 sq.m. Contracted ASP was approximately RMB 16,000 / sq.m. from January to July 2020.
Land Acquisition
In July 2020, the Group completed the following land acquisitions:
City
Project
Group’s Equity Interest
Intended Primary Use
Site Area
(sq.m.)
Total Planned GFA
(Excluding Carpark) (sq.m.)
Group’s Attributable Consideration
(RMB)
Average
Land Cost
(Excluding Carpark)
(RMB/
sq.m.)
Guiyang
Qinglong Avenue Project in Baiyun District
100%
Residential
77,700
199,800
633,540,000
3,171
Kunming
Yanjia Shan Project in Panlong District
100%
Residential/
Commercial
151,700
515,300
3,211,760,000
6,232
Kunming
KCJ2020-23 Project in Chenggong District
100%
Residential
46,700
116,800
553,980,000
4,744
Nanjing
G30 Fenghui Road Project in Yuhuatai District
40%
Residential/
Commercial
47,300
118,200
544,000,000
11,504
Nanjing
Phase II of G37 Fenghui Road Project in Yuhuatai District
40%
Residential/
Commercial
45,600
109,900
504,000,000
11,463
Suzhou
Sports Park Gongyao Road Project in Industrial Park
40%
Residential
73,900
133,000
1,607,790,000
30,228
Nanning
Hehe Road Project in Yongning District
33%
Residential
52,800
158,300
349,270,000
6,685
Hangzhou
Chaoyang Metro Station Project in Xiaoshan District
33%
Residential
105,900
285,800
1,640,210,000
17,388
Company News
CIFI’s scrip dividend plan, which was announced in June 2020, met with an enthusiastic response from the market. According to the plan, a total of 82,279,281 scrip dividend shares were issued in lieu of HK$545.5 million in cash. This strengthened the Group’s capital base. The Lin family and Mr. Lin Zhong have taken up 45,248,366 scrip dividend shares. This increased the controlling shareholders’ equity interests in CIFI to 54.32% and indicated that the major shareholders are confident about the Company’s future business development.
On 8 June, CIFI published a stand-alone ESG report for the first time. This shows that CIFI has adopted in advance the comprehensive disclosure requirements of the ESG reporting guideline issued by the Hong Kong Stock Exchange and has marked the Group’s significant improvement on the level and richness of the disclosure of its information. The ESG report covers five key aspects, namely green buildings, construction with quality, compliance and integrity, staff welfare and philanthropy. CIFI has fulfilled its corporate responsibility in those five key aspects and is committed to long-term, sustainable development.
On 14 June, CIFI successfully issued its first green bonds in Hong Kong to the amount of US$300 million, at a coupon rate of 5.95% and with a tenor of 5.25 years. The green bonds met with strong demand from international investors, attracting more than US$2.4 billion worth orders in peak time, or over 8 times the size of the issue. Of the investors, 67% were from Asia and 33% from Europe. CIFI plans to use the proceeds to refinance its existing debts and the eligible green projects under its Green Finance Framework.
CIFI has won multiple awards for the fourth consecutive year in the “All-Asia Executive Team Rankings” organized by Institutional Investor, an international financial magazine in 2020. CIFI also has been rated as one of the “Honored Companies” in Asia. CIFI’s rankings in the category of property sector includes:
“Best IR Team in Asia” 1st Place
“Best CEO in Asia” Mr. LIN Feng 3rd Place
“Best CFO in Asia” Mr. YANG Xin 3rd Place
“Best IR Program in Asia” 3rd Place
“Best ESG in Asia” 3rd Place
In addition, Ever Sunshine Lifestyle Services Group Limited (“CIFI Ever Sunshine”), which is a subsidiary of CIFI, has also made it to the “All-Asia Executive Team Rankings” for the first time since its listing and has won multiple awards. This has shown the industry’s recognition of CIFI Ever Sunshine.
On August 2, CIFI Ever Sunshine is pleased to announce that due to the increase in the construction area of properties under management and the income from community value-added services, and the inclusion of the financial performance of Qingdao Yayuan Property Management Co. Ltd., it recorded year-on-year growth of more than 80% in its unaudited consolidated net profit and year-on-year growth of more than 60% in unaudited profit attributable to its owners for the six months ended June 30, 2020, as compared to same period in 2019.
– Published and distributed with permission of Media-Outreach.com.
