1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. China Overseas Land & Investment Ltd.
  6. News
  7. Summary
    688   HK0688002218

CHINA OVERSEAS LAND & INVESTMENT LTD.

(688)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-06-30 am EDT
24.80 HKD   +2.69%
06/23CHINA OVERSEAS LAND & INVESTMENT LTD. : Ex-dividend day for final dividend
FA
06/21China Overseas Land & Investment Limited Approves Final Dividend for the Year Ended December 31, 2021
CI
06/19Chinese Developers Rally After PBOC Holds Lending Rates Steady
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China Overseas Land & Investment 2021 Profit Fell Despite Higher Revenue

03/31/2022 | 12:52am EDT

By Yifan Wang

China Overseas Land & Investment Ltd.'s net profit fell 8.5% last year despite higher revenue, as mounting margin pressure and lower fair-value gains weighed on the developer's bottom line.

The company on Thursday posted net profit of 40.16 billion yuan ($6.33 billion) in 2021, while revenue rose 30% to CNY242.24 billion.

Contracted property sales for the year increased 2.4%, it said.

The company said it expects China's real-estate market to remain "a pillar industry of the national economy" with "high essential value" even as tighter policies would push down the sector from its earlier peak.


Write to Yifan Wang at yifan.wang@wsj.com


(END) Dow Jones Newswires

03-31-22 0051ET

Stocks mentioned in the article
ChangeLast1st jan.
CHINA OVERSEAS LAND & INVESTMENT LTD. 2.69% 24.8 Delayed Quote.34.34%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.10% 6.7 Delayed Quote.5.30%
All news about CHINA OVERSEAS LAND & INVESTMENT LTD.
06/23CHINA OVERSEAS LAND & INVESTMENT LTD : Ex-dividend day for final dividend
FA
06/21China Overseas Land & Investment Limited Approves Final Dividend for the Year Ended Dec..
CI
06/19Chinese Developers Rally After PBOC Holds Lending Rates Steady
DJ
06/08China Overseas Land & Investment's Contracted Property Sales Fall in May
MT
05/15Hong Kong-Listed Property Developers Rise on China's Lower Mortgage Rates
DJ
05/11China Overseas Land's Contracted Property Sales Fall Nearly 36% in April
MT
05/10China Overseas Land & Investment Limited Reports Unaudited Consolidated Contracted Prop..
CI
04/28CHINA OVERSEAS LAND & INVESTMENT : Documents on Display
PU
04/26Falls in Hong Kong home prices slow in March
RE
04/26China Overseas Land & Investment's Operating Profit Climbs Nearly 16% in Q1
MT
More news
Analyst Recommendations on CHINA OVERSEAS LAND & INVESTMENT LTD.
More recommendations
Financials
Sales 2022 312 B 39 812 M 39 812 M
Net income 2022 47 410 M 6 042 M 6 042 M
Net Debt 2022 144 B 18 348 M 18 348 M
P/E ratio 2022 5,73x
Yield 2022 5,09%
Capitalization 271 B 34 592 M 34 592 M
EV / Sales 2022 1,33x
EV / Sales 2023 1,22x
Nbr of Employees 5 692
Free-Float 33,9%
Chart CHINA OVERSEAS LAND & INVESTMENT LTD.
Duration : Period :
China Overseas Land & Investment Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA OVERSEAS LAND & INVESTMENT LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Last Close Price 24,80 HKD
Average target price 30,25 HKD
Spread / Average Target 22,0%
EPS Revisions
Managers and Directors
Zhi Chao Zhang Chief Executive Officer & Executive Director
Sai Kit Lui Chief Financial Officer
Jian Guo Yan Chairman
Liang Luo Executive Director, Chief Architect & VP
Lai Tai Fan Hsu Independent Non-Executive Director