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Finance

China Overseas Land & Investment Ltd.

  • 26.05 HKD
  • +0.35
  • +1.36%
  • Hong Kong
    Apr 26, 2018
  • Ticker
    HKG(688)
  • Prev. close
    25.70
  • Market cap (HKD)
    281,574.40M
  • Market cap (USD)
    35,882.60M
  • Shares
    10,956.20M

Company Background

China Overseas Land & Investment is a major state-owned real estate company that mainly develops, markets and administers condominiums and other properties in mainland China under the name of China Overseas Property . It is a core unit of China State Construction Engineering. China Overseas Land & Investment operates mainly in 48 cities, including Beijing and Shanghai. The company has been developing shopping centers in recent years while the real estate business has contracted amid China's economic slowdown.

Shortly after it was founded, the company mainly handled government-related projects, such as constructing army hospital or foreign ministry building. As the Chinese economy later grew and the housing supply tightened, the company began building condominiums and other collective homes for nongovernment workers.

For a long time, China Overseas Land & Investment concentrated on housing, but it later embarked on the development of shopping centers as Chinese consumers' purchasing power grew. It opened an 80,000-sq.-meter commercial facility in Shenyang, Liaoning Province in May 2014, and aims to set up similar complexes in Nanjing, Jiangsu Province, and Zhuhai, Guangdong Province, within a few years.

The company also operates in Hong Kong and Macau, but has almost no presence in foreign markets. It bought in 2012 an office building in London for 200 million pounds ($301 million at current rate), but has made no other significant investments abroad. With the glut of housing in China, the company may have to begin expanding its activities abroad.

Business Summary

China Overseas Land & Investment Ltd. is an investment holding company, which engages in the provision of finance, treasury, and management services. The company operates its business through the following segments: Property Development, Property Investment and Other Operations. The Property Development segment involves property development activities. The Property Investment segment offers property rentals. The Other Operations segment comprises of real estate agency and management services; and construction and building design consultancy services. The company was founded in 1979 and is headquartered in Hong Kong.

Financial Highlights

Dec 2017 HKDUSD
Revenue166,852.72M21,411.09M
Gross Profit57,580.36M7,388.90M
Operating income50,388.60M6,466.03M
Income before tax63,419.29M8,138.17M
Net income40,766.83M5,231.33M
EBITDA51,974.60M6,669.55M
Diluted EPS3.720.47
Dividends Per Share0.800.10
Total Assets645,404.78M82,561.08M
Total liabilities371,861.35M47,569.02M
Total equity265,694.28M33,987.98M
Operating cash flow-45,010.69M-5,775.92M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 83,360.98M 132,892.73M 163,326.93M 161,635.44M 166,852.72M
Gross Profit 27,713.92M 41,244.97M 49,107.85M 48,561.68M 57,580.36M
Operating income 24,606.52M 36,710.17M 40,400.34M 39,954.38M 50,388.60M
Income before tax 33,288.67M 44,323.63M 51,368.00M 57,101.80M 63,419.29M
Net income 23,043.71M 27,200.01M 34,643.21M 37,020.63M 40,766.83M
EBITDA 24,715.92M 36,827.77M 40,717.54M 42,357.05M 51,974.60M
Diluted EPS 2.81 3.33 3.75 3.64 3.72
Dividends Per Share 0.47 0.55 0.61 0.77 0.80
Total Assets 296,522.47M 410,163.14M 582,248.09M 571,289.27M 645,404.78M
Total liabilities 185,472.07M 271,606.34M 366,668.56M 343,865.91M 371,861.35M
Total equity 109,970.58M 133,670.48M 209,564.28M 222,248.44M 265,694.28M
Operating cash flow -10,452.04M -7,022.06M 35,720.38M 54,593.23M -45,010.69M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 10,747.04M 17,137.09M 21,067.44M 20,822.71M 21,411.09M
Gross Profit 3,572.92M 5,318.71M 6,334.39M 6,255.96M 7,388.90M
Operating income 3,172.31M 4,733.93M 5,211.21M 5,147.13M 6,466.03M
Income before tax 4,291.63M 5,715.72M 6,625.92M 7,356.15M 8,138.17M
Net income 2,970.83M 3,507.56M 4,468.60M 4,769.19M 5,231.33M
EBITDA 3,186.42M 4,749.10M 5,252.13M 5,456.65M 6,669.55M
Diluted EPS 0.36 0.42 0.48 0.46 0.47
Dividends Per Share 0.06 0.07 0.07 0.09 0.10
Total Assets 38,242.46M 52,891.17M 75,127.32M 73,684.79M 82,561.08M
Total liabilities 23,920.30M 35,024.06M 47,311.15M 44,351.76M 47,569.02M
Total equity 14,182.89M 17,237.01M 27,040.02M 28,665.56M 33,987.98M
Operating cash flow -1,347.49M -905.52M 4,607.55M 7,032.98M -5,775.92M

Valuation Measures

Dec 2017
PER6.76
ROA6.70%
ROE16.70%
Operating margin30.19%
Profit margin24.43%

Key executives

  • Chairman & Chief Executive Officer: JianGuo Yan
  • Executive Director, Chief Architect & VP: Liang Luo
  • Vice President: Yong Guo
  • Vice President: Hong Bo Kan
  • Vice President: Guo Xin Ouyang

Shareholders

  • China State Construction Engineering Corp. Ltd. (55.9%)
  • CITIC Ltd. (10%)
  • The Vanguard Group, Inc. (1.4%)
  • BlackRock Fund Advisors (0.9%)
  • Genesis Investment Management LLP (0.7%)
  • APG Asset Management NV (0.6%)
  • JPMorgan Investment Management, Inc. (0.6%)
  • JPMorgan Whitefriars (UK) (0.5%)
  • Eastspring Investments (Singapore) Ltd. (0.5%)
  • JPMorgan Asset Management (UK) Ltd. (0.5%)

Contact Details

  • Website:http://www.coli.com.hk
  • Address: 10th Floor, Three Pacific Place, 1 Queen's Road East, Hong Kong, Hong Kong
  • Phone: +852.2988.0666

Related Companies

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  • CITIC Real Estate Group Co., Ltd.
  • Lilo Winner Enterprises Ltd.
  • Alpha Progress Global Ltd.
  • Proud Sea International Ltd.
  • Hua Yi Design Consultants Ltd.
  • Hainan Ruler Ltd.
  • Grand Shine Development Ltd.
  • China Overseas Prosperous Citycharm Investments Ltd.
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  • Great Rises Holding Ltd.
  • China Overseas Property Ltd.
  • Tuxiana Corp.
  • Great Sky Property Investment Co. Ltd.
  • Wealth Join Development Ltd.
  • China Overseas Finance Investment Cayman IV Ltd.
  • China Overseas Land International Cayman Ltd.
  • COB Development (Shanghai) Co. Ltd.
  • Omar Property Development Co. Ltd.
  • Peak Top Enterprises Ltd.
  • China Overseas Road & Bridge Holdings Ltd.
  • CITIC Real Estate Co. Ltd.
  • Big Crown Ltd.
  • Hong Kong Financial Ltd.
  • Macell Ltd.
  • Macwest Ltd.
  • China Overseas Finance Investment (Cayman) Ltd.
  • Quicktime Profits Ltd.
  • China Overseas Property (Hong Kong) Co. Ltd.
  • China Overseas (Zhong Guo) Ltd.

Competitors

  • Xinyuan Real Estate Co. Ltd. Sponsored ADR
  • Kardan N.V.
Last Updated on 26 Apr, 2018

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