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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Resources Land Limited    1109   KYG2108Y1052

CHINA RESOURCES LAND LIMITED

(1109)
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China Resources Land : First-Half Net Profit Fell 9%

08/26/2020 | 12:35am EST

By P.R. Venkat

China Resources Land Ltd.'s net profit fell 9% in the first half, as contributions from its shopping mall, hotel and office units fell due to Covid-19 restrictions.

Net profit was 11.54 billion yuan (US$1.67 billion), while revenue was down 2.1% at CNY44.87 billion, the company said Wednesday.

Despite a challenging environment, "the group has forged ahead steadily amid various challenges and has improved operating efficiency and minimized the impact of the Covid-19 through cost reduction, quality improvement and efficiency enhancement measures," the company said.

It said that the market started to experience an uptick in the second quarter.

 

Write to P.R. Venkat at venkat.pr@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
CHINA RESOURCES LAND LIMITED -2.20% 33.35 End-of-day quote.-14.05%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.25% 6.56223 Delayed Quote.-5.62%
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More news
Financials
Sales 2020 198 B 25 526 M 25 526 M
Net income 2020 30 987 M 3 997 M 3 997 M
Net Debt 2020 106 B 13 638 M 13 638 M
P/E ratio 2020 7,92x
Yield 2020 4,19%
Capitalization 240 B 30 906 M 30 907 M
EV / Sales 2020 1,75x
EV / Sales 2021 1,35x
Nbr of Employees 48 656
Free-Float 40,4%
Chart CHINA RESOURCES LAND LIMITED
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Technical analysis trends CHINA RESOURCES LAND LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 44,05 HKD
Last Close Price 33,60 HKD
Spread / Highest target 53,9%
Spread / Average Target 31,1%
Spread / Lowest Target 3,69%
EPS Revisions
Managers
NameTitle
Xin Li Co-President & Executive Director
Da Wei Zhang Vice Chairman & Co-President
Xiang Ming Wang Chairman
Shi Qing Guo Chief Financial Officer
Tong Dong Shen Chief Information Officer & Executive Director