Chinese commercial property developer Financial Street Holdings released its unaudited annual financial results for 2017 on Wednesday with upward net profits expectations.
The property developer said in its report that its net profits in 2017 are expected to be approximately 2.8324 to 3.0848 billion yuan, an increase of 1 to 10 percent.
What’s more, its earnings per share are expected to be 0.95 to 1.03 yuan.
Compared with its financial performance in 2016, the company’s net profits stood at 2.8043 billion yuan and earnings per share 0.94 yuan.
The company attributed its growth in net profits in 2017 to the increase of its incomes from settle accounts in real estate development projects, thus causing the rise in the profits of its projects; and to the improved structure of its self-owned properties and its refined self-management, thus driving a steady advancement in its income regarding self-controlled businesses and its earning power.
The Shenzhen Stock Exchange-listed and Beijing-headquartered company was founded in 1992, and its stock performance is now included in the MSCI China Index. As a large state-owned enterprise which is based on commercial real estate development and operation, it has also successfully expanded its businesses to asset management.
The MSCI company has set foot in developing core cities in five city clusters, i.e., Beijing-Tianjin-Hebei Region, Yangtze River Delta, Pearl River Delta, Chengdu-Chongqing Region and the central region.
The property developer will explore opportunities in the Xiongan New Area, the Hangzhou Greater Bay Area, the Guangdong-Hong Kong-Macao Greater Bay Area as well as the overseas market.
According to its official website, as of the end of 2016, the total assets of the company were 112.8 billion yuan, and its net worth reached 31.1 billion yuan.A
The property developer said in its report that its net profits in 2017 are expected to be approximately 2.8324 to 3.0848 billion yuan, an increase of 1 to 10 percent.
What’s more, its earnings per share are expected to be 0.95 to 1.03 yuan.
Compared with its financial performance in 2016, the company’s net profits stood at 2.8043 billion yuan and earnings per share 0.94 yuan.
The company attributed its growth in net profits in 2017 to the increase of its incomes from settle accounts in real estate development projects, thus causing the rise in the profits of its projects; and to the improved structure of its self-owned properties and its refined self-management, thus driving a steady advancement in its income regarding self-controlled businesses and its earning power.
The Shenzhen Stock Exchange-listed and Beijing-headquartered company was founded in 1992, and its stock performance is now included in the MSCI China Index. As a large state-owned enterprise which is based on commercial real estate development and operation, it has also successfully expanded its businesses to asset management.
The MSCI company has set foot in developing core cities in five city clusters, i.e., Beijing-Tianjin-Hebei Region, Yangtze River Delta, Pearl River Delta, Chengdu-Chongqing Region and the central region.
The property developer will explore opportunities in the Xiongan New Area, the Hangzhou Greater Bay Area, the Guangdong-Hong Kong-Macao Greater Bay Area as well as the overseas market.
According to its official website, as of the end of 2016, the total assets of the company were 112.8 billion yuan, and its net worth reached 31.1 billion yuan.A
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