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Finance

China Overseas Land & Investment Ltd.

  • 28.30 HKD
  • -0.20
  • -0.70%
  • Hong Kong
    Jul 17, 2019
  • Ticker
    HKG(688)
  • Prev. close
    28.50
  • Market cap (HKD)
    312,251.75M
  • Market cap (USD)
    39,942.40M
  • 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 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 2018 HKDUSD
Revenue170,634.07M21,771.36M
Gross Profit65,778.66M8,392.76M
Operating income58,604.71M7,477.43M
Income before tax72,568.40M9,259.07M
Net income44,900.30M5,728.87M
EBITDA60,392.23M7,705.50M
Diluted EPS4.100.52
Dividends Per Share0.900.11
Total Assets725,340.65M92,643.79M
Total liabilities431,734.41M55,143.07M
Total equity283,481.07M36,207.48M
Operating cash flow-14,654.55M-1,869.78M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 132,892.73M 163,326.93M 161,635.44M 166,852.72M 170,634.07M
Gross Profit 41,244.97M 49,107.85M 48,561.68M 57,580.36M 65,778.66M
Operating income 36,710.17M 40,400.34M 39,954.38M 50,388.60M 58,604.71M
Income before tax 44,323.63M 51,368.00M 57,101.80M 63,419.29M 72,568.40M
Net income 27,200.01M 34,643.21M 37,020.63M 40,766.83M 44,900.30M
EBITDA 36,827.77M 40,717.54M 42,357.05M 51,974.60M 60,392.23M
Diluted EPS 3.33 3.75 3.64 3.72 4.10
Dividends Per Share 0.55 0.61 0.77 0.80 0.90
Total Assets 410,163.14M 582,248.09M 571,289.27M 645,404.78M 725,340.65M
Total liabilities 271,606.34M 366,668.56M 343,865.91M 371,861.35M 431,734.41M
Total equity 133,670.48M 209,564.28M 222,248.44M 265,694.28M 283,481.07M
Operating cash flow -7,022.06M 35,720.38M 54,593.23M -45,010.69M -14,654.55M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 17,137.09M 21,067.44M 20,822.71M 21,411.09M 21,771.36M
Gross Profit 5,318.71M 6,334.39M 6,255.96M 7,388.90M 8,392.76M
Operating income 4,733.93M 5,211.21M 5,147.13M 6,466.03M 7,477.43M
Income before tax 5,715.72M 6,625.92M 7,356.15M 8,138.17M 9,259.07M
Net income 3,507.56M 4,468.60M 4,769.19M 5,231.33M 5,728.87M
EBITDA 4,749.10M 5,252.13M 5,456.65M 6,669.55M 7,705.50M
Diluted EPS 0.42 0.48 0.46 0.47 0.52
Dividends Per Share 0.07 0.07 0.09 0.10 0.11
Total Assets 52,891.17M 75,127.32M 73,684.79M 82,561.08M 92,643.79M
Total liabilities 35,024.06M 47,311.15M 44,351.76M 47,569.02M 55,143.07M
Total equity 17,237.01M 27,040.02M 28,665.56M 33,987.98M 36,207.48M
Operating cash flow -905.52M 4,607.55M 7,032.98M -5,775.92M -1,869.78M

Valuation Measures

Dec 2018
PER6.56
ROA6.55%
ROE16.35%
Operating margin34.34%
Profit margin26.31%

Key executives

  • Chairman & Chief Executive Officer: JianGuo Yan
  • COO, Executive Director, 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%)
  • The Vanguard Group, Inc. (1.4%)
  • Capital Research & Management Co. (World Investors) (1.3%)
  • BlackRock Fund Advisors (1.0%)
  • APG Asset Management NV (0.7%)
  • FIL Investment Management (Hong Kong) Ltd. (0.6%)
  • Capital Research & Management Co. (Global Investors) (0.6%)
  • Dimensional Fund Advisors LP (0.5%)
  • Canada Pension Plan Investment Board (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

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  • Big Crown Ltd.
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Competitors

  • Xinyuan Real Estate Co. Ltd. Sponsored ADR
Last Updated on 17 Jul, 2019

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