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Consumer Durables

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 2020 HKDUSD
Revenue212,421.65M27,388.05M
Gross Profit66,085.51M8,520.57M
Operating income59,472.53M7,667.94M
Income before tax72,306.85M9,322.70M
Net income49,334.58M6,360.83M
EBITDA59,889.25M7,721.67M
Diluted EPS4.470.57
Dividends Per Share1.180.15
Total Assets976,561.31M125,945.34M
Total liabilities587,257.15M75,737.49M
Total equity372,464.76M48,036.10M
Operating cash flow5,877.21M757.76M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 161,635.44M 166,852.72M 170,634.07M 188,087.74M 212,421.65M
Gross Profit 48,561.68M 57,580.36M 65,778.66M 64,850.92M 66,085.51M
Operating income 39,954.38M 50,388.60M 58,604.71M 58,020.71M 59,472.53M
Income before tax 57,101.80M 63,419.29M 72,568.40M 69,832.13M 72,306.85M
Net income 37,020.63M 40,766.83M 44,900.30M 47,191.69M 49,334.58M
EBITDA 42,357.05M 51,974.60M 60,392.23M 59,149.59M 59,889.25M
Diluted EPS 3.64 3.72 4.10 4.30 4.47
Dividends Per Share 0.77 0.80 0.90 1.02 1.18
Total Assets 571,289.27M 645,404.78M 725,340.65M 809,746.49M 976,561.31M
Total liabilities 343,865.91M 371,861.35M 431,734.41M 486,310.65M 587,257.15M
Total equity 222,248.44M 265,694.28M 283,481.07M 313,881.99M 372,464.76M
Operating cash flow 54,593.23M -45,010.69M -14,654.55M 4,691.48M 5,877.21M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 20,822.71M 21,411.09M 21,771.36M 24,005.48M 27,388.05M
Gross Profit 6,255.96M 7,388.90M 8,392.76M 8,276.87M 8,520.57M
Operating income 5,147.13M 6,466.03M 7,477.43M 7,405.13M 7,667.94M
Income before tax 7,356.15M 8,138.17M 9,259.07M 8,912.61M 9,322.70M
Net income 4,769.19M 5,231.33M 5,728.87M 6,023.03M 6,360.83M
EBITDA 5,456.65M 6,669.55M 7,705.50M 7,549.21M 7,721.67M
Diluted EPS 0.46 0.47 0.52 0.54 0.57
Dividends Per Share 0.09 0.10 0.11 0.13 0.15
Total Assets 73,684.79M 82,561.08M 92,643.79M 103,922.90M 125,945.34M
Total liabilities 44,351.76M 47,569.02M 55,143.07M 62,413.13M 75,737.49M
Total equity 28,665.56M 33,987.98M 36,207.48M 40,283.63M 48,036.10M
Operating cash flow 7,032.98M -5,775.92M -1,869.78M 598.76M 757.76M

Valuation Measures

Dec 2020
PER3.74
ROA5.52%
ROE14.37%
Operating margin27.99%
Profit margin23.22%

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. (56.0%)
  • CITIC Ltd. (10.0%)
  • The Vanguard Group, Inc. (1.2%)
  • Vontobel Asset Management AG (0.9%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (0.7%)
  • T. Rowe Price International Ltd. (0.6%)
  • Dimensional Fund Advisors LP (0.6%)
  • BlackRock Fund Advisors (0.5%)
  • Canada Pension Plan Investment Board (0.5%)
  • Hermes Investment Management Ltd. (0.4%)

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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  • Haichuang Jiaye ( Yantai ) Real Estate Co., Ltd.
  • Haichuang Fuye (Yantai) Real Estate Co., Ltd.
  • Yantai China Overseas Real Estate Co., Ltd.
  • Kunming Haixiang Real Estate Development Co., Ltd.
  • Kunming Haihao Real Estate Development Co., Ltd.

Competitors

  • Xinyuan Real Estate Co. Ltd. Sponsored ADR
Last Updated on 28 Oct, 2021

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