Contracted Sales Monthly News Centre
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Investor Newsletter June 2020 (Issue 4) (2103.HK) Share information Contracted Sales Closing price HK$4.20 (23/06/2020) § Sinic Holdings is pleased to announce that the contracted sales amount, together with its joint ventures and associates, for the four months ended 31 May 2020 was approximately Scope of 52 weeks HK$3.72-4.33 RMB32.73 billion, of which RMB9.3 billion was recorded in May 2020. Market cap HK$14.99 billion Shares issued 3,570 million shares Monthly News Centre Date of listing 15/11/2019 § Sinic Holdings won the Best 5 China Real Estate Listed Companies of Growth by 2020 (26/5)The " 2020 China Real Estate and Property Management Services Listed Companies Appraisal Results Conference" jointly conducted by the China Real Estate Association and the Shanghai E-House Real Estate Research Institute China Real Summary dated 31/12/2019 Estate Appraisal Center was held in Shanghai. Many experts and scholars in the real estate industry, representatives of well- known financial investment institutions and outstanding real Revenue RMB26,984.9 million estate companies participated in the event. Benefiting from the steady growth of Comprehensive strength and outstanding Gross margin RMB7,998.5 million market performance, Sinic Holdings (02103.HK) successfully won two heavyweight awards: "2020 Best 5 China Real Estate Profit RMB1,957.8 million Listed Companies of Growth" and "2020 Best 50 China Real attributable to Estate Companies with Strongest Comprehensive Strengths". In the first year of listing, Sinic shareholders Holdings achieved such good results, which means that Sinic Holdings' capital market value has been recognized by authoritative institutions. Contact us § Sinic Holding signed a strategic cooperation agreement with Jiangxi Expressway Group Sinic Holdings (Group) Company Limited (21/5)Sinic Holdings (Group) Co., Ltd. (hereinafter referred to as: Sinic Holdings) and Jiangxi Provincial Expressway Investment Group Co., Ltd. (hereinafter referred to as: Jiangxi Ms Venus Zhao Expressway Group) held the signing ceremony of the strategic cooperation agreement at the Deputy General Manager of Hong headquarters of Sinic Shanghai. The two sides stated that the cooperation will fully realize the resource shar- Kong Office / General Manager of Ing and complementary advantages of both sides in line Capital Markets and Corporate with the principle of equality and mutual benefit and win Communications -win cooperation, and continue to give full play to the Tel.: (852) 3156 9807 advantages of Jiangxi Expressway Group in terms of Email: [email protected] resources and funds as well as the advantages of Sinic Holdings in real estate development and management, and in its absolute market share and good brand reputation in Jiangxi. The two sides will jointly Ms Olivia Zhou promote the in-depth cooperation and landing of specific projects and work together to improve Investor Relations Manager product quality and customer reputation, and jointly inject new impetus into the real estate Tel.: (852) 3156 9821 market in Jiangxi Province . Email: [email protected] § CCBI Initiation Report: A young and improving developer (7/5) CCBI published an initiation equity report on SINIC and indicated that Sinic is the market leader in Jiangxi and has decent exposure in the Greater Bay Area (GBA ). And they believe that Sinic is sufficient to achieve 22% contracted sales CAGR in 2020-2022, since the company had RMB 190b in attributable saleable resources as at Dec 2019. CCBI also pointed out that SINIC is a young and improving mid scale developer and expect Sinic will go through several upgrades that will improve its fundamentals. CCBI initiate coverage on the stock with an Outperform rating and HK$5.00 target based on a 60 % discount to NAV . 1 Investor Newsletter June 2020 (Issue 4) Land Acquisitions § In May 2020, the Group acquired eight new land lots with a planned gross floor area of approximately 855,000 square meters. Planned gross Attributable Attributable Attributable Land cost Project City Province Zone floor area gross area land cost proportion* (RMB million) ('000 square meters) ('000 square meters) (RMB million) Yangtze River 183-mu project, Cixi City, Ningbo Ningbo Zhejiang Delta Region 40% 151 61 1071 428 84-mu project, Pingyao, Yuhang District, Yangtze River Hangzhou Zhejiang 100% 84 937 Hangzhou City Delta Region 84 937 40-mu project, Pingyao, Yuhang District, Yangtze River Hangzhou Zhejiang 40 40 512 512 Hangzhou City Delta Region 100% 40-mu project for public tender, South side Yichun 53 228 of Guangming Road, Zhangshu City, Yichun Jiangxi Jiangxi Province 50% 26 114 95.99-mu commercial and residential land plot, Changsha Hunan Central and 51% 521 Dawangling, Furong District, Changsha City 164 84 265 Western China 73-mu project for public tender, West Side of Industrial 3rd Road, Changleng Town, Nanchang Jiangxi Jiangxi Province 100% 118 118 811 811 Xinjian District, Nanchang City 92.73-mu project for public tender, South of Cultural Center South Road, Changleng Town, Nanchang Jiangxi Jiangxi Province 100% 185 185 1231 1231 Xinjian District, Nanchang City 59-mu project, South of Taihu Avenue, Yangtze River Yixing Jiangsu 50% 59 30 492 264 Xinzhuang Street, Yixing City Delta Region Total 855 627 5,803 4,545 Investor Meetings *Disclaimer: The holding percentage is preliminary and may change in the future according to business plan Event/meeting Time Location Hosted by Sinic NDR Conference Call 27/5/2020 Hong Kong, China Guotai Junan Sinic NDR Conference Call 28/5/2020 Hong Kong, China Guotai Junan Awards Time Award Granted by China Real Estate Association 26/5/2020 2020 Best 5 China Real Estate Listed Companies of Growth Shanghai E-House Real Estate Research Institute China Real Estate Appraisal Center China Real Estate Association 2020 Best 50 China Real Estate Companies with Strongest 26/5/2020 Shanghai E-House Real Estate Research Institute Comprehensive Strengths China Real Estate Appraisal Center Company Profile Sinic Holdings (Group) Company Limited is a large-scale and comprehensive property developer in the PRC, focusing on the development of residential and commercial properties. Through nearly 10 years of operations, the Company has successfully established a leading position among residential property developers in Jiangxi Province and expanded its property development business into the Yangtze River Delta Region, the Greater Bay Region and the Central and Western China Core Cities and Other Regions with High-Growth Potential. According to the rankings of CRIC, China Index Academy and EH Consulting, the company ranked 36th, 32nd, and 31st in terms of sales amount (including all income) among real estate development enterprises of China in 2019.The Company was recognized as one of the China’s Top 50 Real Estate Developers jointly by the China Real Estate Industry Association, Shanghai Yiju Real Estate Research Institution and China Real Estate Appraisal in 2018 and 2019, and one of the China’s Top 30 Real Estate Developers in 2020 and Growth Top 10 in 2020 by the China Real Estate Top 10 Research Committee and China Index Academy in 2020. The Company residential properties can be categorized into three major series, namely, its “Wan” Series (灣系), the “Yuan” Series (園系) and the “Yue” Series (悅系), which target first-time home purchasers, home upgraders and extended families or high-income households, respectively. As of July 31, 2019, the total land bank attributable to the Company amounted to approximately 15.1 million sq.m., and the Company had 110 projects at various stages of development. Disclaimer All information contained in this newsletter is meant for your own reference only, and is not intend to, nor should it, constitute any investment advice. Any information contained in this newsletter, including those relating to contracted sales or land reserves of Sinic Holdings (Group) Company Limited, are operating data without being audited. It may be subject to change as a result of changes in our 2 development, sales and investment processes and may not be consistently reflected in our financial reports. The company expressly disclaims any liability for any of your loss or damaged howsoever arising from or in reliance upon the contents of this newsletter..