Investor's Newsletter for February 2022
(March 11, 2022) Shimao Group Holdings Limited ("Shimao Group" or the "Company", and its subsidiaries, together the "Group", stock code: 813.HK) is pleased to announce certain unaudited operating statistics for February 2022 as follows:
- The aggregated contracted sales from January to February 2022 amounted to RMB14.78 billion and the aggregated contracted sold area was 911,422 sq. m.. The average selling price for the two months ended 28 February 2022 was RMB16,213 per sq. m..
- In February 2022, the Group's contracted sales amounted to approximately RMB7.26 billion and the contracted sold area was 446,923 sq. m.. The average selling price was RMB16,253 per sq. m..
News in brief:
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Diversified businesses of Shimao achieved strong growth during Year of The Tiger
During Spring Festival, the diversified businesses of Shimao accelerated growth in the beginning of Year of the Tiger. In respect of commercial and entertainment businesses, various projects achieved strong growth in both traffic and sales. The total traffic of both Shanghai Shimao Festival City and Jinan Shimao Festival City exceeded 400,000. The total sales of Jinan Shimao Festival City exceeded RMB35 million, with two shops being the top selling shops in the country and 20 shops being the top selling shops in Shandong Province. The total traffic of Chengdu Shimao Festival City, which was just opened last year, exceeded 210,000 with total sales exceeded RMB31 million. Themed parks also achieved strong growth in both sales and traffic. The total traffic of Shanghai Dream City Park reached 50,000. The sales and traffic of Shishi Max Wonder Park and Xiamen Shimao Over the Clouds Observation Deck also broke the records. In respect of hotel business, many hotels reached new records in sales since opening, with a significant year-on-year growth in total revenue. The average occupancy rates of international brands hotels, such as InterContinental Shanghai Wonderland and Conrad Xiamen, exceeded 70%. The average occupancy rate of Yuhotel Shanghai Chongming, a hotel managed by self-owned Shimao Star brand, reached 90% during the seven days of Spring Festival holidays. - Shimao speeded up the resumption of works to seize the first opportunity to enhance efficiency
In the beginning of Chinese New Year, various projects of Shimao in different locations had already resumed construction. On the tenth day of Spring Festival holidays, over 80 projects and 5,000 workers of Shimao had resumed construction. On February 14-22, Mr. Jason Hui, Vice Chairman and President of Shimao Group, led the core management team to visit several key projects in the Group's strategic cities, such as Nanjing, Jinan, Shenzhen, Chongqing, Xiamn and Wuhan, and cheered all front-line staff. In the beginning of March, most of the Shimao's projects in the country had already resumed construction. Shimao closely monitors every key step and focus on construction site safety to ensure the delivery of each project being on schedule.
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*All the above figures are unaudited and meant for reference only, and are not intended, nor should be construed, to be an investment advice. Investors should exercise caution when interpreting these data.
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