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 NINE MONTHS ENDED 30 SEPTEMBER 2016Beijing 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 nine months ended 30 September 2016 (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, 11 October 2016
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) October 2016 Stock DataShare Price………….……..HK$3.03 52-week range HK$2.53 - HK$4.10 FY15 P/E (Trailing)…...… 3.30 times FY16 P/E (Forward) …… 5.35 times Market Capitalization...HK$9.175bn
*Source: Bloomberg, as of 11/10/2016
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 three core business lines: Residential Property, Integrated Outlets, and Urban Core Complex. This is complemented by innovative businesses such as primary land development and high-tech industrial properties. The Company differentiates itself from its peers through its fully
integrated operations and the seamless
Sales Performance for September 2016In September 2016, BCL achieved a total contracted sales area of 254,000 sq.m., representing an increase of 65.2% over the same period last year, while the corresponding contracted sales amounted to approximately RMB5.2 billion, representing an increase of 159.2% over the same period last year. As at the end of September 2016, BCL's cumulative contracted sales area amounted to approximately 1,560,000 sq.m. and cumulative contracted sales amounted to approximately RMB30.6 billion, representing an increase of 69.7% over the same period last year. The average selling price in the first nine months of 2016 was RMB19,600/sq.m., representing an increase of 86.0% over the same period last year. Concurrently, as at the end of September 2016, cumulative subscription sales awaiting signing of official sales contracts amounted to RMB1.77 billion.
Annex: Sales Breakdown for September 2016
Contracted Sales Area ('000 sq.m.) | Contracted Sales Amount ( RMB million) | |
Beijing, Tianjin and Shanghai | 121 | 3,510 |
Other Regions | 133 | 1,690 |
Total | 254 | 5,200 |
Contracted Sales Area ('000 sq.m.) | Contracted Sales Amount ( RMB million) | |
Core Projects | 129 | 2,330 |
Non-core Projects | 125 | 2,870 |
Total | 254 | 5,200 |
Chongqing
coordination among all business lines,
Jan-Sep 2015
3%Wanning
which helps to increase competitiveness.
Jan-Sep 2016
Xi 'an
1%Sydney,
Brisbane,
The Company focuses on five core cities:
30,600
Kunshan Australia
Beijing, Shanghai, Tianjin, Chongqing and Chengdu. The Company is committed to its strategy of "maximizing scale, accelerating turnover, destocking and optimizing business structure" and focuses on high turnover and home-buyer oriented products. Beijing Capital Group, one of Beijing's largest enterprises and under the direct supervision of the Beijing Municipal
1,709 1,560
18,030
1%
Shenyang 1%
Chengdu
5%
Shanghai
13%
2%
Tianjin
21%
14%
Australia 4%
Beijing 35%
Government, is the parent company of
Contracted Sales Area Contracted Sales Amount
Breakdown of Contracted Sales Amount
BCL.
Contact Us('000 sq. m.)
(RMB million)
for Jan-Sep 2016
Bryan 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
Launch of High-end "Tian Yue" Product LineOn September 19, BCL hosted a press conference to launch the high-end "Tian Yue" product line in its contract-signing center. During the conference, BCL summarized the operating results in the first half of 2016 and future development direction and elaborated the product concept of the "Tian Yue" series as well as the core spirit of "Designed for People, Built with Heart". In the fourth quarter of 2016, BCL plans to launch the "Capital of Western Village" project in Beijing and "Capital of Vision" project in Shanghai, which together with the existing "Tian Yue Mansion" project will form the high- end "Tian Yue" series product line.
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 11 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 October 2016 10:47:05 UTC.
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