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Q: When have been the shares of China New City Commercial Development Limited ("China New City") first listed on main board of the Stock Exchange of Hong Kong Limited (the "Stock Exchange")? What is the stock code? -
A: The shares of China New City have been listed on the Main Board of the Stock Exchange since 10 July 2014 under the stock code 1321. -
Q: What are principal activities of China New City? -
A: The principal activities of China New City include: (i) commercial property development; (ii) property leasing and property management services; and (iii) hotel operation, primarily in the Yangtze River Delta Region of PRC. -
Q: What is the Company's Development Strategy? -
A: While controlling the stable development of the existing investment size of commercial complexes effectively, China New City will actively develop light asset business-based operation such as homestay business, healthcare services, cultural and entertainment etc. -
Q: Where can I get the information on China New City's latest financial performance? -
A: Latest financial performance of China New City can be found under our latest Interim/Annual Reports, Company Presentations and Announcements in the website. -
Q: When will China New City announce its results? -
A: In the past, we announced interim results in August and annual results in March. Date of results announcement will be posted on website once confirmed. For details, please refer to Investor Calendar. -
Q: What is the business model of China New City? -
A: China New City adopts the integrated business model of selling and leasing commercial property, strategically decentralizing the income sources and return period. -
Q: Apart from sales and leasing commercial property, any other sources of income for China New City? -
A: Apart from sales and leasing commercial property, hotel operation, land development and other urbanization related business and services are also our major sources of income going forward. -
Q: How did China New City's business perform in the six months ended 30 June 2016? -
A: For the six months ended 30 June 2016, our group's revenue rose by 1.45 times to RMB486 million, the gross profit rose by 1.27 times to RMB178 million, the gross profit margin was 37%. -
Q: How many upcoming commercial projects do China New City has within one year? -
A: In the coming year, China New City has four commercial projects which are close to completion, namely Zhong An Times Square phase I and phase II, HangzhouQiandao Lake Hotel and Anhui Huaibei Hotel. -
Q: How will China New City finance its investment in new commercial projects? -
A: As at 30 June 2016, China New City had cash and available banking facilities of approximately RMB 2 billion. We had a low net gearing of approximately 59.4% and interest-bearing bank loans and other borrowings to total assets ratio of approximately 32.5%. Our overall financial position shall remain healthy.
