ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Finance

China Overseas Land & Investment Ltd.

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 in 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 2019 HKDUSD
Revenue188,087.74M24,005.48M
Gross Profit64,977.47M8,293.02M
Operating income58,020.71M7,405.13M
Income before tax69,832.13M8,912.61M
Net income47,191.69M6,023.03M
EBITDA----
Diluted EPS4.300.54
Dividends Per Share1.020.13
Total Assets809,746.49M103,922.90M
Total liabilities486,310.65M62,413.13M
Total equity313,881.99M40,283.63M
Operating cash flow----
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 163,326.93M 161,635.44M 166,852.72M 170,634.07M 188,087.74M
Gross Profit 49,107.85M 48,561.68M 57,580.36M 65,778.66M 64,977.47M
Operating income 40,400.34M 39,954.38M 50,388.60M 58,604.71M 58,020.71M
Income before tax 51,368.00M 57,101.80M 63,419.29M 72,568.40M 69,832.13M
Net income 34,643.21M 37,020.63M 40,766.83M 44,900.30M 47,191.69M
EBITDA 40,717.54M 42,357.05M 51,974.60M 60,392.23M --
Diluted EPS 3.75 3.64 3.72 4.10 4.30
Dividends Per Share 0.61 0.77 0.80 0.90 1.02
Total Assets 582,248.09M 571,289.27M 645,404.78M 725,340.65M 809,746.49M
Total liabilities 366,668.56M 343,865.91M 371,861.35M 431,734.41M 486,310.65M
Total equity 209,564.28M 222,248.44M 265,694.28M 283,481.07M 313,881.99M
Operating cash flow 35,720.38M 54,593.23M -45,010.69M -14,654.55M --
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 21,067.44M 20,822.71M 21,411.09M 21,771.36M 24,005.48M
Gross Profit 6,334.39M 6,255.96M 7,388.90M 8,392.76M 8,293.02M
Operating income 5,211.21M 5,147.13M 6,466.03M 7,477.43M 7,405.13M
Income before tax 6,625.92M 7,356.15M 8,138.17M 9,259.07M 8,912.61M
Net income 4,468.60M 4,769.19M 5,231.33M 5,728.87M 6,023.03M
EBITDA 5,252.13M 5,456.65M 6,669.55M 7,705.50M --
Diluted EPS 0.48 0.46 0.47 0.52 0.54
Dividends Per Share 0.07 0.09 0.10 0.11 0.13
Total Assets 75,127.32M 73,684.79M 82,561.08M 92,643.79M 103,922.90M
Total liabilities 47,311.15M 44,351.76M 47,569.02M 55,143.07M 62,413.13M
Total equity 27,040.02M 28,665.56M 33,987.98M 36,207.48M 40,283.63M
Operating cash flow 4,607.55M 7,032.98M -5,775.92M -1,869.78M --

Valuation Measures

Dec 2019
PER7.04
ROA6.14%
ROE15.80%
Operating margin30.84%
Profit margin25.09%

Key executives

  • Chief Executive Officer & Executive Director: Zhi Chao Zhang
  • Vice Chairman, COO, Chief Architect & EVP: Liang Luo
  • Chief Financial Officer: Sai Kit Lui
  • Vice President: Yong Guo
  • Vice President: Hong Bo Kan

Shareholders

  • China State Construction Engineering Corp. Ltd. (55.9%)
  • CITIC Ltd. (10%)
  • Capital Research & Management Co. (World Investors) (1.8%)
  • Capital Research & Management Co. (Global Investors) (1.5%)
  • The Vanguard Group, Inc. (1.4%)
  • BlackRock Fund Advisors (0.8%)
  • Dimensional Fund Advisors LP (0.6%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (0.5%)
  • Canada Pension Plan Investment Board (0.5%)
  • FIL Investment Management (Hong Kong) 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

  • China Overseas Finance Investment (Cayman) II Ltd.
  • China Overseas Finance Investment (Cayman) V Ltd.
  • China Overseas Finance Investment (Cayman) III Ltd.
  • China Overseas Finance Investment (Cayman VI) Ltd.
  • Longcross Ltd.
  • Beijing CITIC Real Estate Co. Ltd.
  • 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.
  • China Overseas Land International II (Cayman) Ltd.
  • 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.

Competitors

  • Xinyuan Real Estate Co. Ltd. Sponsored ADR
Last Updated on 2 Apr, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends April 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media