Zhongliang Holdings Group (2772.HK) Achieved RMB86B in First Eight Months of 2019, up approx. 28% YoY

Published

HONG KONG, Sept. 4, 2019 /PRNewswire/ -- The board of directors of Zhongliang Holdings Group Company Limited (the "Group"; Stock Code: 2772) announced the certain unaudited operating statistics of the Group for August 2019.

Contracted Sales

Achieved RMB86B in First Eight Months of 2019, up approx. 28% YoY Completed 66% of Full Year Sales Target

From January to August 2019, the group achieved contracted sales (including those from joint ventures and associated companies) of approximately RMB86 billion, representing a YoY increase of approximately 28% and contracted GFA of approximately 8,315,300 sq.m., representing a YoY increase of approximately 35%. From January to August 2019, contracted ASP was approximately RMB10,300 /sq.m.

In August 2019, the group achieved contracted sales of approximately RMB11 billion, representing a YoY increase of approximately 22% (compared to August 2018) and contracted GFA of approximately 1,120,000 sq.m., representing a YoY increase of approximately 25% (compared to August 2018). The contracted ASP amounted to approximately RMB9,800 /sq.m.

Land Acquisition

From January to August in 2019, the group added a total of 94 land parcels, with an aggregate land premium of approximately RMB46 billion.

Table below is the August land acquisition:

Project City City level Province Region Land Cost(RMB10,000) Site Area(sq.m.) Total Planned GFA Excluding Carpark(sq.m.) Average Land Cost(RMB/sq.m.) 
Land no. 2019-21 at Chengxi Area, Chaohu City Chaohu Fourth-tier Anhui Yangtze River Delta 40,112 47,335 94,670 4,237
Land of Federation of Supply and Marketing at Huangdao Area, Qingdao City Qingdao Second-tier Shandong Pan-Bohai Rim 24,800 6,667 20,667 12,000
Land at South of Zhuxiashu Road and East of Longjiangzhong Road, Zhonglou Area, Changzhou City Changzhou Third-tier Jiangsu Yangtze River Delta 133,000 83,642 184,012 7,228
Land at South of Feng'an Henan and West of Shuntong Road, Hengli Town, Economic Development Zone,  Changzhou City Changzhou Third-tier Jiangsu Yangtze River Delta 58,900 67,402 148,284 3,972
Land no. AJ2019J-42 at Chengbei, Anji County Huzhou Third-tier Zhejiang Yangtze River Delta 45,860 65,378 98,067 4,676
Land no. AJ2019J-43 at Chengbei, Anji County Huzhou Third-tier Zhejiang Yangtze River Delta 7,015 10,261 15,392 4,558
Land C at Hanshan, Quanshan Area, Xuzhou City Xuzhou Third-tier Jiangsu Yangtze River Delta 172,400 64,322 141,509 12,183
Land at Beiyuan Thermal Power Station, Jinjishan, Chengzhong, Zhuji Shaoxing Third-tier Zhejiang Yangtze River Delta 54,018 64,135 83,376 6,479
Land no. D-13 at Hongshan Area, Chifeng City Chifeng Third-tier Inner Mongolia Midwest China 33,100 44,179 88,358 3,746

*Note: Subject to land biding, investment cooperation agreements, land grant contracts and equity cooperation agreements

Company Profile

Headquartered in Shanghai, based in the Yangtze River Delta Economic Region with a national footprint, Zhongliang Holdings is a fast-growing comprehensive nationwide real estate developer with 100 billion contracted sales. In 2019, we are recognized as TOP 20 real estate developer in China and ranked TOP 1 in terms of development potential by China Real Estate Association and E-house China R&D Institute China Real Estate Appraisal Center. We focus on the development of residential properties and have recently started to develop, operate and manage commercial properties.

We offer three standardized product series, namely, the Shanti, the Glory and the Royal series, targeting first-time purchasers, first-time upgraders and second-time upgraders. By virtue of approximately 19 years of experience in China's real estate industry and regional expansion strategy, we have a product portfolio of 385 projects across five core economic zones in China, namely, Yangtze River Delta, the Midwest China, the Pan-Bohai, the Western Taiwan Straits and the Pearl River Delta, covering 139 cities in 23 provinces and municipalities, our total land bank reached 53 million sq.m as at 30 June 2019.

SOURCE Zhongliang Holdings Group Company Limited

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