Asia300

China Overseas Land & Investment Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Oct 19, 2017
Prev close: 25.3
Oct 19, 2017
Market cap:
Market cap(USD):
277,191.90M
35,503.05M
Shares: 10,956.20M

Currency in HKD

Company profile

Market(Ticker): HKG(688)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 5,500

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.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 161,635.44M
Gross profit 48,561.68M
Operating income 39,954.38M
Income before tax 57,101.80M
Net income 37,020.63M
EBITDA 40,301.09M
Diluted EPS 3.64
Dividends per share 0.77
Total assets 571,289.27M
Total liabilities 343,865.91M
Total equity 222,248.44M
Operating cash flow 54,593.23M

Currency in HKD

Revenue 20,822.71M
Gross profit 6,255.96M
Operating income 5,147.13M
Income before tax 7,356.15M
Net income 4,769.19M
EBITDA 5,191.79M
Diluted EPS 0.46
Dividends per share 0.09
Total assets 73,684.79M
Total liabilities 44,351.76M
Total equity 28,665.56M
Operating cash flow 7,032.98M

Currency in USD

Valuation measures

Dec 2016

PER 5.64
ROA 6.41%
ROE 17.14%
Operating margin 24.71%
Profit margin 22.90%

Key executive

  • Chairman & Chief Executive Officer: JianGuo Yan
  • Chief Financial Officer & Executive Director: Yun Wing Nip
  • Executive Director, Chief Architect & VP: Liang Luo
  • Vice President: Yong Guo
  • Vice President: Hong Bo Kan

Share holders

  • China State Construction Engineering Corp., Ltd.(55.0%)
  • CITIC Ltd.(10%)
  • The Vanguard Group, Inc.(1.1%)
  • BlackRock Fund Advisors(0.8%)
  • Genesis Investment Management LLP(0.7%)
  • APG Asset Management NV(0.6%)
  • JPMorgan Investment Management, Inc.(0.6%)
  • Norges Bank Investment Management(0.5%)
  • JPMorgan Whitefriars (UK)(0.5%)
  • JPMorgan Asset Management (UK) Ltd.(0.5%)

Address

  • Website: http://www.coli.com.hk
  • Address: 10th Floor, Three Pacific Place, 1 Queen's Road East, Hong Kong, Hong Kong
  • Phone: +852.2823.7888

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