Company Information

  

Address: 27/F, CHINA CENTRAL PLACE, TOWER II
79 JIANGUO ROAD, CHAOYANG DISTRICT 
City: BEIJING 
State:  
Zip Code: 100025 
Telephone: 861085889200 

Description of Business

Primary SIC Code: 1520
(As filed with the SEC)  

We are a Cayman Islands holding company and conduct business primarily through our operating subsidiaries in China. Our Group is a developer of large scale residential real estate projects targeted at middle-income consumers. We were founded by Mr. Yong Zhang, our Chairman, and commenced operations since 1997 in Zhengzhou, the provincial capital of Henan Province. We initially operated principally in tier II and tier III cities, but since 2006, we have expanded into strategically selected high growth cities in China. In 2012, we acquired a parcel of land in Beijing. In 2014, we acquired a parcel of land in Shanghai, representing an opportunistic acquisition in a satellite city or suburb of a tier I city in China. In 2012, we also expanded our business to the United States residential real estate market and acquired three projects in Reno, Nevada, Irvine, California and in the Williamsburg neighborhood of Brooklyn, New York.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/20170.970.0987.02
03/20170.550.0988.02
12/20160.530.0989.36
12/20150.450.0488.20
12/20131.700.0483.15
09/20131.770.0483.40
06/20131.990.0482.17
03/20132.220.0482.22

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.13Total Liab/Total Assets0.84
Net Inc/Total Assets0.01Total Liab/Inv Cap0.84
Net Inc/Inv Cap0.01Total Liab/Comm Equity11.34
Pretax Inc/Net Sales0.10Interest Coverage Ratio3.92
Net Inc/Net Sales0.03Curr Debt/EquityNA
Cash Flow/Net Sales0.07LTD/Equity3.35
SG&A/NetSales0.11Total Debt/Equity3.35
Asset Utilization   Liquidity  
Net Receivables Turnover10.47Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E61.04  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 1,976.91 1,561.62 1,164.32 919.75
Cost of Goods Sold 1,517.28 1,203.64 891.33 677.58
Selling & Admin Exps 212.57 178.63 167.46 145.12
Operating Income 247.06 179.36 105.54 97.05
Interest Exp 66.15 29.86 20.28 28.20
Pretax Income 193.23 165.71 118.99 79.05
Other Income 14.03 16.53 31.50 11.90
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 63.63 72.98 66.48 48.52

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 1,518.97 946.05 751.91 584.74
Receivables - Total 280.42 97.33 314.70 319.13
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 32.39 34.09 39.32 46.48
Total Assets 6,384.43 4,219.56 3,548.88 3,231.53
Liabilities        
Accounts Payable 1,381.57 951.14 724.15 520.49
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 3,327.71 2,112.89 1,749.60 1,535.30
Total Liabilities 5,391.86 3,319.30 2,612.91 2,270.90
Stockholder's Equity        
Minority Interest 64.44 15.89 -0.02 -0.02
Preferred Stock NA NA NA NA
Common Stock 0.02 0.02 0.02 0.02
Retained Earnings 382.12 354.27 317.77 273.25
Treasury Stock -67.79 -53.73 -24.05 -20.70
Total Stockholders' Equity 992.57 900.26 935.97 960.63
Total Liabilities and Stockholders' Equity 6,384.43 4,219.56 3,548.88 3,231.53

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 139.71 -159.88 -4.54 -884.31
Net Cash Provided by Investing Activities -827.17 4.47 -35.00 -15.89
Net Cash Provided by Financing Activities 942.14 375.23 306.28 455.07

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013897.74126.361.70
12/2014919.7548.52--
12/20151,164.3266.480.45
12/20161,561.6272.980.53
12/20171,976.9163.630.97
Growth Rates21.82-15.76--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/186412,0639.28




Report Date : 7/17/2018

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