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    1109   KYG2108Y1052

CHINA RESOURCES LAND LIMITED

(1109)
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China Resources Land : UNAUDITED OPERATING FIGURES FOR THE MONTH ENDED 31 AUGUST 2020

09/11/2020 | 04:45am EDT

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1109)

UNAUDITED OPERATING FIGURES

FOR THE MONTH ENDED 31 AUGUST 2020

The board of directors (the "Board") of China Resources Land Limited (the "Company") hereby announces that for the month ended 31 August 2020, the Company and its subsidiaries (the "Group") achieved gross contracted sales of approximately RMB27.22 billion with contracted GFA of approximately 1,252,025 square meters, up by 24.2% and down by 2.7% YoY respectively. Over the same period, attributable contracted sales achieved approximately RMB13.15 billion with contracted GFA of approximately 733,660 square meters, down by 15.6% and 27.2% YoY respectively.

Gross contracted sales regional breakdown for 2020 listed below:

Region

Total Contracted Sales

Total Contracted GFA

(RMB mn)

(square meter)

North China Region

32,842

1,934,605

East China Region

48,635

1,567,477

South China Region

39,075

1,658,784

West China Region

15,111

1,410,233

Northeast China Region

15,411

1,284,798

Central China Region

10,936

850,584

Total:

162,010

8,706,481

Rental income from investment properties in August 2020 achieved approximately RMB1.20 billion, up by 16.2% YoY. Rental income from investment properties for the first eight months of 2020 achieved approximately RMB7.45 billion, down by 4.7% YoY.

The preliminary figures disclosed above are derived from the Group's internal management records and subject to change and may differ from those appear in the audited and unaudited financial statements of the Group to be published on yearly and half-yearly basis. They shall not be taken as a measure or indication of the Group's current or future operating or financial performance. As such they are strictly for information only and not for any other purpose. Investors are advised not to place any reliance on the information disclosed herein but to exercise due caution when dealing in the securities of the Company. Any investor who is in doubt is advised to seek advice from professional advisors.

By Order of the Board

China Resources Land Limited

LI Xin

President

PRC, 11 September 2020

As at the date of this announcement, the non-executive directors of the Company are Mr. Wang Xiangming, Mr. Yan Biao, Mr. Chen Ying, Mr. Wang Yan and Mr. Chen Rong; the executive directors of the Company are Mr. Li Xin, Mr. Zhang Dawei, Mr. Xie Ji, Mr. Shen Tongdong and Mr. Wu Bingqi; and the independent non-executive directors of the Company are Mr. Ho Hin Ngai, Bosco, Mr. Andrew Y. Yan, Mr. Wan Kam To, Peter, Mr. Zhong Wei and Mr. Sun Zhe.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

China Resources Land Limited published this content on 11 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2020 08:44:07 UTC


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Sales 2021 257 B 33 049 M 33 049 M
Net income 2021 34 597 M 4 456 M 4 456 M
Net Debt 2021 100 B 12 889 M 12 889 M
P/E ratio 2021 7,10x
Yield 2021 4,88%
Capitalization 240 B 30 956 M 30 950 M
EV / Sales 2021 1,33x
EV / Sales 2022 1,13x
Nbr of Employees 48 414
Free-Float 40,4%
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Mean consensus BUY
Number of Analysts 25
Average target price 47,07 HKD
Last Close Price 33,70 HKD
Spread / Highest target 102%
Spread / Average Target 39,7%
Spread / Lowest Target 3,38%
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Managers and Directors
NameTitle
Xin Li Co-President & Executive Director
Da Wei Zhang Vice Chairman & Co-President
Shi Qing Guo Chief Financial Officer & Executive Director
Xiang Ming Wang Chairman
Tong Dong Shen Chief Information Officer