Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 2868)
SALES PERFORMANCE FOR THE FOUR MONTHS ENDED 30 APRIL 2017Beijing Capital Land Ltd. (the "Company", together with its subsidiaries, the "Group") wishes to provide to its shareholders the attached newsletter on property sales performance which contains certain operating data of the Group for the four months ended 30 April 2017 (the "Sales Performance"). The Sales Performance is also available on the website of the Company (www.bjcapitalland.com.cn). The Sales Performance has been prepared on the basis of internal management records. It has not been audited or reviewed by external auditor, and as such the data is for investors' reference only. The Sales Performance is not an offer or solicitation for the purchase or sale of any securities or financial instruments or to provide any investment service or investment advice.
By Order of the Board
Beijing Capital Land Ltd.
Lee Sze Wai
Company Secretary
Hong Kong, 4 May 2017
The Board as of the date of this announcement comprises Mr. Li Songping (Chairman) who is Non-Executive Director, Mr. Tang Jun (President) who is the Executive Director, Ms. Sun Baojie, Mr. Sun Shaolin, Mr. Su Jian and Mr. Yang Weibin who are the Non-Executive Directors, and Mr. Wang Hong, Mr. Li Wang and Mr. Wong Yik Chung, John who are the Independent Non-Executive Directors.
Newsletter (2868.HK) May 2017 Stock DataShare Price………….……..HK$3.73 52-week range HK$2.53 - HK$4.02 FY16 P/E (Trailing)…...… 4.94 times FY17 P/E (Forward) …… 5.90 times Market Capitalization...HK$11.294bn
*Source: Bloomberg, as of 4/5/2017
Sales Performance for April 2017In April 2017, BCL achieved a total contracted sales area of 170,000 sq.m., while the corresponding contracted sales amounted to approximately RMB2.02 billion. As at the end of April 2017, BCL's cumulative contracted sales area amounted to approximately 655,000 sq.m., representing an increase of 32.6% over the same period last year. The cumulative contracted sales amounted to approximately RMB14.7 billion, representing an increase of 96.8% over the same period last year. The average selling price in 2017 was RMB22,000/sq.m., representing an increase of 48.3% over the same period last year. Concurrently, as at the end of April 2017, cumulative subscription sales awaiting signing of official sales contracts amounted to RMB1.83 billion.
Company ProfileBeijing Capital Land Ltd. ("BCL", stock code: 2868.HK) is one of the leading integrated property developers in China. Aspiring to be "the Most Valuable Comprehensive Property Developer" in China, the Company focuses on the following core business lines: Residential Property, Integrated Outlets, Urban Core Complex and Primary Land Development. The Company differentiates itself from its peers through its fully integrated operations and the seamless coordination among all business lines, which helps to increase competitiveness.
Contracted Sales Area ('000 sq.m.) | Contracted Sales Amount ( RMB million) | |
Beijing, Tianjin and Shanghai | 59 | 1,050 |
Other Regions | 111 | 970 |
Total | 170 | 2,020 |
Annex: Sales Breakdown for April 2017
Contracted Sales Area ('000 sq.m.) | Contracted Sales Amount ( RMB million) | |
Core Projects | 143 | 1,740 |
Non-core Projects | 27 | 280 |
Total | 170 | 2,020 |
Chongqing Huzhou Wanning
The Company focuses on five core cities: Beijing, Shanghai, Tianjin, Chongqing and Chengdu. The Company is committed to its strategy of "achieving quality growth" and focuses on products for homeowners looking to upgrade as well as high turnover and home-buyer oriented products. Beijing Capital Group, one of Beijing's largest state-owned enterprises and under the direct supervision of the Beijing State-owned
Jan-Apr 16
Jan-Apr 17
494
655
7,470
14,700
Shenyang 4%
Ch u
3%
engd
7%
Shanghai
5%
Tianjin 12%
2% 3%Kunshan
1% Sydney, Australia
7%
Beijing 56%
Assets Supervision and Administration
Contracted Sales Area Contracted Sales Amount
Commission, is the parent company of BCL.
('000 sq. m.)
(RMB million)
Breakdown of Contracted Sales Amount
for Jan-Apr 2017
Contact UsBryan Feng
Beijing Capital Land
General Manager (HK Headquarters) Head of Investor Relations
Tel: +852 2869 3288
+86 10 6652 3240
Email:ir@bjcapitalland.com.cn
Christensen China Limited Tel: +852 2117 0861
Fax: +852 2117 0869
Email:bjcapitalland@christensenir.com
New Shanty Town Renovation ProjectIn April, BCL won a bid for the Beishicao Shanty Town Renovation Project in Shunyi District, Beijing. The project is located next to the Daqing-Guangzhou Expressway and the Beijing-Shenyang High- Speed Railway which is now under construction. The project is also close to the Company's Zhaoquanying residential project which is under development and part of it has already launched for sale. The project has a site area of 60.8 hectares, and its core region in the north has a GFA of 430,000 sq.m. This new shanty town renovation project is expected to boost the Company's primary land development business across the Beijing-Tianjin-Hebei area, and will effectively replenish its land resources in core cities.
Due to uncertainties incurred in the calculation of the sales figures, discrepancies may exist between the information disclosed above and the periodic reports. Therefore, investors are advised to treat the information disclosed in this letter as periodic references only.
Beijing Capital Land Limited published this content on 04 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 May 2017 12:09:20 UTC.
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