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China Overseas Land & Investment Ltd.
- 26.05 HKD
- +0.35
- +1.36%
Hong Kong
Apr 26, 2018Ticker
HKG(688)Prev. close
25.70Market cap (HKD)
281,574.40MMarket cap (USD)
35,882.60MShares
10,956.20M
In the news
- After Li Ka-shing, Hong Kong's property tycoons inherit tough market Apr 18, 2018
- Nikkei Asia300 Index edges higher as crude oil producers advance Apr 6, 2018
- Easing US-China trade war fears lift Hong Kong shares Mar 27, 2018
- Nikkei Asia300 rises as on report of US-China trade talks Mar 26, 2018
- Hong Kong shares recover as Chinese stocks pare losses Mar 26, 2018 See more articles on 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
Financial Highlights
| Dec 2017 | HKD | USD |
| Revenue | 166,852.72M | 21,411.09M |
| Gross Profit | 57,580.36M | 7,388.90M |
| Operating income | 50,388.60M | 6,466.03M |
| Income before tax | 63,419.29M | 8,138.17M |
| Net income | 40,766.83M | 5,231.33M |
| EBITDA | 51,974.60M | 6,669.55M |
| Diluted EPS | 3.72 | 0.47 |
| Dividends Per Share | 0.80 | 0.10 |
| Total Assets | 645,404.78M | 82,561.08M |
| Total liabilities | 371,861.35M | 47,569.02M |
| Total equity | 265,694.28M | 33,987.98M |
| Operating cash flow | -45,010.69M | -5,775.92M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 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 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 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 | |
| PER | 6.76 |
| ROA | 6.70% |
| ROE | 16.70% |
| Operating margin | 30.19% |
| Profit margin | 24.43% |
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
- 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.
- 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.
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