China New City Group Limited · HKEX:1321
China New City — China New City Commercial Development — H1 2016 Earnings Presentation
18 slides from China New City's earnings presentation, August 2016
Slide 1: 2016 Interim Results Presentation
2016 Interim Results Presentation (Stock code: 1321.HK) August 2016 1
Slide 2: Results Overview, Financial Review, Operations Review, Strategies and Outlook
1 Results Overview 2 Financial Review 3 Operations Review 44 Strategies and Outlook 2
Slide 3: Results Overview
se ha ALB RGIRAS ays China New City Commercial Development Limited Results Overview I
Slide 4: Results Overview
Results Overview • As of 30 Jun 2016, sale of properties increased 2.04 times to approx. RMB449 million year-on-year, driven by the large increase of sales from Jia Run Mansion during the period under review Operating • Property leasing income and hotel operating income decreased 16.8% and 5.9% to P
Slide 5: Financial Review
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Slide 6: Financial Review
Financial Review (RMB ‘000) As of 30 Jun 2016 2016 2015 change Turnover 486,106 198,405 145.0% Gross profit 177,751 78,332 126.9% Gross profit margin 36.6% 39.5% -2.9 bps Profit attributable to equity 63,926 96,338 -33.6% holders of the Company Profit for the period 59,938 101,479 -40.9% Basic earni
Slide 7: Balance Sheet Highlights
Balance Sheet Highlights (RMB ‘000) As of 30 Jun 2016 As of 31 Dec 2015 Total Cash 460,761 1,088,532 Total assets 11,047,988 11,293,164 Total assets less current 8,370,417 9,220,916 liabilities Shareholder’s equity 5,094,941 5,039,459 Total equity (Net asset) 5,271,336 5,219,842 Note: Total cash = C
Slide 8: Key Financial Ratios
Key Financial Ratios As of 30 Jun 2016 As of 31 Dec 2015 Current ratio 0.75 1.37 Total liability to total assets ratio 52.3% 53.8% Net debt to total assets ratio 28.3% 23.6% Net debt to total equity ratio 59.4% 51.2% Note (1): Current ratio = Current assets / Current liabilities Note (2): Total asse
Slide 9: Debt Structure
Debt Structure Total Debt: RMB 3.59 billion Total Debt: RMB 3.59 billion Debt Composition Debt Maturity Other debt (approx. 0.65 billion) Over 5 years Within 1 year (approx. 0.36 billion) (approx. 1.45 billion) 18% 10% 40% 37% 13% 82% Over 2 years but Over 1 year but Banking debt within 5 years with
Slide 10: Operations Review
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Slide 11: Segment Revenue
Segment Revenue Segment revenue of 2016H1 as compared to 2015H1 (RMB million) 500 449 2016H1 2015H1 400 300 200 148 100 37 45 23 24 3 1 - SALE OF PROPERTIES PROPERTY LEASING PROPERTY HOTEL OPERATING MANAGEMENT FEE Segment revenue of 2016H1 as compared to the same period of 2015 +203.6% -16.8% +449.3
Slide 12: Business Development
Business Development Property Sales • Jia Run Mansion, the serviced apartments of the International Office Center (“IOC”) (Plot A3), continued to push up property sales income significantly • The 2016 Group of Twenty (G20) Summit will be held in Qianjiang Century City in Hangzhou this September wher
Slide 13: Major Investment Properties
Major Investment Properties Investment Properties Location Total GFA Status Opening Year* (sq. m.) Downtown district 1 Highlong Plaza, Hangzhou Approx. 171,071 In operation 2007 of Xiaoshan Xianghu New 2 Hidden Dragon Bay, Hangzhou Approx. 241,695 In operation 2013 Town, Xiaoshan Qianjiang Century F
Slide 14: Strategies and Outlook
Part 4 Strategies and Outlook 14
Slide 15: Development Strategies
Development Strategies Positioning Light Commercial property developer, owner and O2O operator, with a focus on developing integrated Asset commercial complexes in sub-city centers of second-tier cities in the Yangtze River Delta Region Business • Sales of properties Urbanization • Property leasing
Slide 16: Future Outlook
Future Outlook Expansion of IOC project • The IOC project is still the major development project of the Group. Qianjiang Century City, where IOC is located, and Qianjiang New Town across the river are the new main city centers in Hangzhou • With the imminent Group of Twenty (G20) Summit in Sep 2016,
Slide 17: Ne PRM ORBREI AS
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Slide 18: Thank You!
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