Chinanews.com, April 24th. The 2019 annual report disclosed by China Fortune Happiness today showed that the company's performance achieved steady growth, sustained profitability and high shareholder returns. Operating income was 1052.10 billion yuan, a year-on-year increase of 25.6%; net profit attributable to shareholders of listed companies was 14.612 billion yuan, a year-on-year increase of 24.4%, and the compound annual growth rate of net profit in the past five years reached 32.1%. The company's overall gross profit margin reached 43.7%, an increase of 2.1 percentage points year-on-year; ROE was 35.7%, an increase of 0.5 percentage point year-on-year. Cash dividends amounted to RMB 4.520 billion. Cash dividends accounted for no less than 30% of net profit for five consecutive years, providing shareholders with high returns.
Industry signing, set a new record and continue to improve supporting facilities in cities
Focusing on the core metropolitan area, the company is committed to creating a "3 + 3 + N" core metropolitan area layout. The proportion of sales outside the ring Beijing has increased from 46.5% in the same period of the previous year to 57.8%; the proportion of sales area has increased from 54.2% to 63.7%, replication in different places is effective. In terms of industrial development, in 2019, the newly signed investment in the park invested and operated by the company reached 195.613 billion yuan, a record high, an increase of 17.8% over the same period last year. There were 545 newly signed companies entering the park, and the average single new signing amount was 51.8% higher than the same period of last year. The company's ability to introduce leading companies was significant. The company's newly signed investment continued to grow at a rapid rate, with a compound growth rate of 38.2% in the past four years.
During the reporting period, open cooperation progressed rapidly. The number of new industrial cities where other developers participated in land acquisition increased from 14 to 31, and the area of partner land acquisition increased by 58% year-on-year. The number of students in the supporting schools of the New Industrial City exceeded 12,000, the commercial operation area was 1.15 million square meters, the number of various factories and stations was 44, the number of residential property management households was 320,000, the residential property management area was 44.43 million square meters, and the city operated services With a management area of 66 million square meters, the city's operational capabilities are fully reflected.
New business accelerates the deployment of multiple high-quality projects
Gu'an Industrial New City Happiness Harbor
On the basis of the business of the new industrial city, China Fortune Land started to develop new businesses. On the basis of the traditional heavy asset model, it accelerated the development of the asset-light model. The Beijing Lize project became the company's first "asset-light" model project, and started a new cooperation with China Ping An. Chapter; Enter into commercial real estate fields such as retail properties and office buildings, and actively explore and deploy new real estate fields such as health care, public housing and scientific communities. Through the two benchmark projects of Beijing Lize and Wuhan Yangtze River Center, it entered the core circle of Beijing and Central China, and opened a new geographical layout in the core metropolitan circle. In just over a year, China Fortune's new business has quickly opened up and delisted the Wuhan Yangtze River Center Complex Project, becoming the company's first commercial complex project covering the entire cycle of development, construction, operation and management, starting with land acquisition. Layout of urban renewal projects such as Bilingding in Pingshan District, Shenzhen, successfully selected 8 projects as pre-urban renewal service providers, including 6 in Shenzhen and 2 in Dongguan, and continue to vigorously expand new projects.
Looking forward to the future, Huaxia Bliss takes the vision of China's leading real estate investment and development and operation management platform in the core metropolitan area as the strategic opportunity for urbanization to move toward metropolitanization continues to cultivate the metropolitan area around Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong, Hong Kong and Macao , Zhengzhou, Wuhan, Chengdu, etc., focusing on the layout of new industrial cities and related businesses in the metropolitan and urban circles, and commercial real estate and related businesses in the urban and core circles. In the process of landing the above strategic layout, the company will continue to improve its cash flow capacity, reduce liabilities, maintain steady growth in profits, continue to improve the quality of operations, and realize the long-term and stable development of the company's business.
Experts in the industry believe that under the environment of traditional silver industry entering the "Silver Age" and "no housing, no speculation", China Fortune's focus on the regional layout of the core metropolitan area and the development model of industry-city integration are more stable and reliable. Focus on the strategic advantages of the metropolitan area, the business advantages of industry-city integration, the advantages of the development PPP model and the advantages of open cooperation platforms, plus the industrial new city's recovery rate, regional residential market share and trading efficiency continue to improve, with a professional team The new business with high-quality funds quickly opened up the situation, which also steadily increased its performance, optimized its income structure, and enhanced its business capabilities. In addition, indicators such as revenue, gross profit, and net profit attributable to shareholders of listed companies have achieved compound growth rates of 29%, 37%, and 32% in the past five years, and cash dividends accounted for no less than 30% of net profit in the past five years , Stably occupying the leading position in the industry, demonstrating the ability of China Fortune to continue to make profits and traverse the cycle.