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 1 city in China. In 2012, we also expanded our business to the U.S. residential real estate market and acquired three projects in Reno, Nevada, Irvine, California and Brooklyn, New York.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
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
12/20122.16NA1.66

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.15Total Liab/Total Assets0.79
Net Inc/Total Assets0.02Total Liab/Inv Cap0.79
Net Inc/Inv Cap0.02Total Liab/Comm Equity6.88
Pretax Inc/Net Sales0.11Interest Coverage Ratio6.55
Net Inc/Net Sales0.05Curr Debt/EquityNA
Cash Flow/Net Sales-0.10LTD/Equity2.35
SG&A/NetSales0.11Total Debt/Equity2.35
Asset Utilization   Liquidity  
Net Receivables Turnover6.58Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E45.81  

Income Statement (Millions)

  12/31/2016 12/31/2015 12/31/2014 12/31/2013
Total Revenues(Net Sales) 1,561.62 1,164.32 919.75 897.74
Cost of Goods Sold 1,203.64 891.33 677.58 598.74
Selling & Admin Exps 178.63 167.46 145.12 85.22
Operating Income 179.36 105.54 97.05 213.78
Interest Exp 29.86 20.28 28.20 16.86
Pretax Income 165.71 118.99 79.05 210.02
Other Income 16.53 31.50 11.90 13.22
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 72.98 66.48 48.52 126.36

Balance Sheet (Millions)

Assets 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Cash & Short Term Investments 946.05 751.91 584.74 848.73
Receivables - Total 160.02 314.70 319.13 45.51
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 34.09 39.32 46.48 46.71
Total Assets 4,236.45 3,548.88 3,231.53 2,382.10
Liabilities        
Accounts Payable 951.14 724.15 520.49 425.44
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 2,112.89 1,749.60 1,535.30 840.39
Total Liabilities 3,336.18 2,612.91 2,270.90 1,429.46
Stockholder's Equity        
Minority Interest 15.89 -0.02 -0.02 0.00
Preferred Stock NA NA NA NA
Common Stock 0.02 0.02 0.02 0.02
Retained Earnings 354.27 317.77 273.25 244.31
Treasury Stock -53.73 -24.05 -20.70 -3.09
Total Stockholders' Equity 900.26 935.97 960.63 952.64
Total Liabilities and Stockholders' Equity 4,236.45 3,548.88 3,231.53 2,382.10

Cash Flow Summary (Millions)

Categories 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Net Cash Provided by Operating Activities -159.88 -4.54 -884.31 -213.32
Net Cash Provided by Investing Activities 4.47 -35.00 -15.89 -99.96
Net Cash Provided by Financing Activities 375.23 306.28 455.07 393.91

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012914.80157.002.16
12/2013897.74126.361.70
12/2014919.7548.52--
12/20151,164.3266.480.45
12/20161,561.6272.980.53
Growth Rates14.30-17.43--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/176011,4638.82




Report Date : 10/16/2017

Powered By Edgar Online © 2017EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.