DOCSLIB.ORG

2019 Interim Results Guorui Properties Limited (2329.HK) August 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

2019 Interim Results Guorui Properties Limited (2329.HK) August 2019 CONTENTS 01 Performance Review Development Plan 02 03 Appendixes 01PART Performance Review 1H2019 Interim Results Highlights Contracted Sales: +87% Achieved RMB12.8 bn, representing 87% growth YoY; target to accomplish 30% growth in 2019. Real Estate Income+74% Achieved RMB3.41 bn, representing 74% growth YoY. Rental Income: +38% Achieved RMB290 mn in rental income, representing 38% growth YoY. Land Cost: RMB2,878sq.m As at 30 Jun 2019, land reserves reached a total GFA of 16,084,092 sq.m. and the average cost of land reserves was RMB2,878 per sq.m. for the Reporting Period. The corresponding value of the goods exceeded RMB 120 billion. In addition, the Group has been undertaking primary land development, redevelopment of shanty town and projects developed under the “Urban Redevelopment” policy in Beijing, Shenzhen and Shantou. During the Reporting Period, the development area reached 5.8 million sq.m., of which Shenzhen accounted for 51.6%. Gross Profit: +41% Achieved RMB1.07 bn in gross profit, representing 41% growth YoY. Leverage: Improvement As at 30 Jun 2019, net gearing ratio decreased 4 bps pts. As at 30 Jun, 2019, the balance of monetary funds was RMB3.7 billion, an increase of 89.6% from 31 Dec, 2018. The monetary funds/interest-bearing liabilities due within one year increased by 22% from 31 Dec, 2018. 4 1.1 Record High Contracted Sales Contracted sales: approx. RMB12.8 bn, up 87% YoY. Major contributors: 58% from the Beijing-Tianjin-Hebei Region and 33% from the Yangtze River Delta and the Guangdong-Macau-Hong Kong Region. GFA sold: approx. 0.60 mn sq.m, up 7.3% YoY; ASP: approx. RMB21,216 / sq.m, up 75% YoY; As at 30 Jun 2019, sales locked and booking in the future approx. RMB18.8 bn. Contracted sales Contracted GFA Sold Average selling price (RMB mn) (k sq.m) (RMB/sqm) 25,000 1,400 1,322 21,216 25,000 21,913 1,200 1,064 20,000 16,580 20,000 +87% +7.3% 16,260 1,000 915 14,877 15,000 12,147 15,000 12,828 11,099 800 10,430 563 604 600 10,000 10,000 6,843 400 5,000 5,000 200 - - - FY16 FY17 FY18 1H18 1H19 FY16 FY17 FY18 1H18 1H19 FY16 FY17 FY18 1H18 1H19 5 1.2 Robust sales in T1 cities and its vicinity Over 30 projects in 17 cities contributed to the sales in 1H2019； Robust sales in T1 cities and vicinity in 1H2019. 1H19 1H18 Beijing-Tianjin-Hebei Region and Shenyang 62% 34% (Beijing, Tianjin, Yongqing and Shenyang, etc.) Yangtze River Delta and OBOR Region 23% 25% (Chongming Island, Suzhou and Chongqing) Pearl River Delta 15% 41% (Shantou, Foshan and Haikou, etc.) 1H19 1H18 First-tier cities and its vicinity 60% 23% (Beijing, Yongqing, Chongming Island) Second-tier and popular cities 28% 25% (Tianjin, Shenyang, Suzhou, Chongqing, Haikou) T3 & T4 cities 12% 52% 6 1.3 -1Investment Properties – Promising prospects of quality properties As at 30 Jun, 2019, the Group held investment properties in 7 cities with total area of approx. 970k sq.m and total rentable GFA of approx. 490k sq.m.; As at 30 Jun 2019, the investment properties totaled approx. 20.3 bn; Beijing with totaled rental leasable GFA of approx. 270 thousand sq.m, representing 55% of the total leased GFA. Beijing Glory City, Beijing Hademen, Beijing Fuguiyuan, Beijing Beiwu, Beijing Total Use Multi Usage Office & Retail Retail and Commerce Office Location City core area City core area City core area City core area 1H2019 Rental Income 127 100 21 12 260 (RMB mn) Leasable GFA (sq.m) 121,406 108,450 29,316 10,916 270,088 Leased GFA (sq.m) 101,959 69,599 23,402 10,916 205,876 Lease Term (Year) 1-6 1-8 1-5 7 Fair Value (RMB mn) 7,017 6,811 1,039 423 15,290 7 1.4 -2 Investment Properties - Continued growth in income In 1H2019, rental incomes achieved 290 mn, representing 38% growth YoY, mainly due to the increase of occupancy rate in Hademen； 2H2019 will has more rental incomes comes as the increase of GFA. Glory City, Shengping Other regions Office S5, Haikou Glory City, Shantou Total Shenyang Shopping mall Use Office & Commerce Special Purpose & retail Special Purpose Retail (phase I) City center in Location City center City center City center Chancheng 1H2019 Rental Income 7 14 4 - 25 (RMB mn) Leasable GFA (sq.m) 17,320 62,398 109,813 34,989 224,520 Leased GFA (sq.m) 16,042 60,614 36,733 19,199 132,588 Lease Term (Year) 3-6 4-13 1-4 2-5 Fair Value (RMB mn) 388 589 889 1,847 3,713 8 1.4 – 3 Investment Properties – Building and planning of the projects Over 600 thousand sq.m properties are expected to be completed and delivered in the next 3-5 years. Science & Technology Park, Ruicheng Commercial Shenzhen Building， Handan Location: Near Tencent Building Location: Handan Use: Office Use: Commercial Building Building area: 270,000 sq.m Building area: 150,000 sq.m Glory Shengping Shopping Center (phase II) Location: Foshan Use: Versatility Building area: 220,000 sq.m 9 1.5 Optimized Business Layout to Ensure Future Growth As at 30 Jun 2019, the total planned GFA for land reserves of the Group was 16.08 million sq.m in 21 cities. The corresponding value of the goods exceeded RMB 120 billion. Beijing-Tianjin-Hebei The average land cost is RMB2,878 per sq.m., diversifying to increase the quality of land bank in • Shenyang Greater Bay Area. • Beijing • Tianjin In addition, the Group has been undertaking primary land development, redevelopment of shanty • Yongqing town and projects developed under the “Urban Redevelopment” policy in Beijing, Shenzhen and • Handan Shantou. During the Reporting Period, the development area reached 5.8 million sq.m., of which • Shijiazhuang Shenzhen accounted for 51.6%. Yangtze River Delta & OBOR Region • Chongming Island 45％ • Suzhou • Wuxi • Zhengzhou Major projects under PLD & renovation • Xi’an • Wuhan GFA Acc. cost • Chongqing (mn sqm) (RMB mn) 26％ • Tongren Beijing 0.5 1,137.3 Greater Bay Area and Hainan Shenzhen 3.0 468.1 • Shenzhen • Foshan 3.5 1,605.4 • Jiangmen • En’ping • Haikou • Sanya 29％ • Wanning • Shantou 10 1.6 Land Bank Analysis The development area for ancillary facilities such as residence and parking space accounts for 76% of the total GFA； Total completed yet unsold GFA was approx. 1.13 mn sq.m., with residential area accounting for 41%. Completed yet Under Future As % of Use Total GFA unsold / unleased development development total reserves (sqm) (sqm) (sqm) (sqm) (%) Residential and ancillary 1 462,996 5,940,585 5,766,346 12,169,927 75.7 facilities such as parking space 2 Office/Commercial for sale 131,247 749,306 1,291,559 2,172,112 13.5 Commercial held or intended to 3 537,148 423,209 - 960,357 6.0 be held for investment 4 Hotel - 126,604 101.095 227,699 1.4 5 Hospital - 360,154 - 360,154 2.2 6 Special-purpose - - 150,000 150,000 0.9 7 Others - 43,843 - 43,843 0.3 Total 1,131,391 7,643,701 7,309,000 16,084,092 100 11 1.7 Summary of P&L (RMB mn) 1H2019 1H2018 Change Revenue 3,775 2,238 69% Property sales 3,412 1,956 74% Primary land development 66 65 2% Property leasing 285 207 38% Property management and related services 12 11 10% Gross profit 1,075 764 41% Gains and losses from changes in fair values 532 540 -1% Sales expenses -164 -87 89% Administrative expenses -269 -207 30% Financial charges -202 -109 86% Income tax expenses -427 -353 21% Profit for the period 570 558 2% Comprehensive income for the year 573 542 6% The owner of the Company’s comprehensive 431 396 9% income during the year 12 1.8 Summary of Cash flow Statement (RMB mn) Cash on hands as at 31 Dec 2018*: 1,972 Sales proceeds 6,558 Rental income and others 318 Land premium settled -117 Construction costs settled -2,533 SG&A expenses -410 Taxes -1,183 Subtotal: 2,632 Net borrowings added 1,597 Interest expenses -1,280 Dividends paid -501 Others -682 Subtotal: -865 Cash on hands as at 30 Jun 2019*: 3,739 *Including restricted cash deposit 13 1.9 Diversification of financing channels, Declining debt scale Total interest-bearing debts: RMB30.46 bn, up 6% from 31 Dec, 2018; the monetary funds / interest-bearing liabilities due within one year increased by 21% from 31 Dec, 2018. Total approved yet undrawn credit facilities at 30 Jun, 2019: RMB7.8 bn, The issuance of bonds has not been approved for use of RMB 3 billion and USD525 million (including the company received USD230 million bond issuance approval in July 2019); As at 1H2019, the Company has repaid USD520 mn due in 2019. By Channel By Maturity Offshore bonds As at 31 Dec, 15% 48% 19% 11% 22% 2018 Corporate bonds 4% As at 30 Jun, Domestic 35% 14% 25% 26% bank 2019 Trusts loans 27% 54% within 1 Yr 1-2 Yr 2-5 Yr Over 5 Yr 14 02PART Development Plan 2.1Strengthen cooperation and pursue steady development On the principle of light capital occupation, lock in high-quality land banking by means of cooperation or mergers and acquisitions. Enhance product strength, match profitable products with fast Strengthen cooperation turnover products.
Recommended publications
  • Effective Inhibition of Mrna Accumulation and Protein Expression of H5N1 Avian Influenza Virus NS1 Gene in Vitro by Small Interfering Rnas

    Effective Inhibition of Mrna Accumulation and Protein Expression of H5N1 Avian Influenza Virus NS1 Gene in Vitro by Small Interfering Rnas

    Folia Microbiol (2013) 58:335–342 DOI 10.1007/s12223-012-0212-8 Effective inhibition of mRNA accumulation and protein expression of H5N1 avian influenza virus NS1 gene in vitro by small interfering RNAs Hanwei Jiao & Li Du & Yongchang Hao & Ying Cheng & Jing Luo & Wenhua Kuang & Donglin Zhang & Ming Lei & Xiaoxiao Jia & Xiaoru Zhang & Chao Qi & Hongxuan He & Fengyang Wang Received: 18 June 2012 /Accepted: 7 November 2012 /Published online: 29 November 2012 # Institute of Microbiology, Academy of Sciences of the Czech Republic, v.v.i. 2012 Abstract Avian influenza has emerged as a devastating protein expressing HEK293 cell lines were established, four disease and may cross species barrier and adapt to a new small interfering RNAs (siRNAs) targeting NS1 gene were host, causing enormous economic loss and great public designed, synthesized, and used to transfect the stable cell health threats, and non-structural protein 1 (NS1) is a mul- lines. Flow cytometry, real-time quantitative polymerase tifunctional non-structural protein of avian influenza virus chain reaction, and Western blot were performed to assess (AIV) that counters cellular antiviral activities and is a the expression level of NS1. The results suggested that virulence factor. RNA interference (RNAi) provides a pow- sequence-dependent specific siRNAs effectively inhibited erful promising approach to inhibit viral infection specifi- mRNA accumulation and protein expression of AIV NS1 cally. To explore the possibility of using RNAi as a strategy in vitro. These findings provide useful information for the against AIV infection, after the fusion protein expression development of RNAi-based prophylaxis and therapy for plasmids pNS1-enhanced green fluorescent protein (EGFP), AIV infection.
  • Guorui Properties Limited 國瑞置業有限公司

    Guorui Properties Limited 國瑞置業有限公司

    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. GUORUI PROPERTIES LIMITED 國瑞置業有限公司 (Incorporated in the Cayman Islands with limited liability under the name of “Glory Land Company Limited (國瑞置業有限公司)” and carrying on business in Hong Kong as “Guorui Properties Limited”) (Stock Code: 2329) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED JUNE 30, 2019 FINANCIAL HIGHLIGHTS – Achieved contracted sales for the six months ended June 30, 2019 (the “Reporting Period”) was RMB12,828.3 million with corresponding gross floor area (“GFA”) of approximately 604,636 sq.m., representing a period-on-period increase of 87.5% and 7.3%, respectively; – Revenue for the Reporting Period was RMB3,774.9 million, of which the revenue from property development was RMB3,411.7 million; – Gross profit for the Reporting Period was RMB1,074.7 million, of which the gross profit from property development was RM804.6 million; – Net profit for the Reporting Period was RMB569.8 million, of which RMB428.6 million was attributable to the owners of the Company; – Basic earnings per share for the Reporting Period were RMB9.6 cents; – Land reserves reached a total GFA of 16,084,092 sq.m. and the average cost of land reserves was RMB2,877.8 per sq.m. for the Reporting Period; – Contracted average selling price (“ASP”) for the Reporting Period was RMB21,216.7 per sq.m.
  • Haikou Is a Tropical Coastal City, Situated on the Northern Coast of Hainan, by the Mouth of the Nandu River

    Haikou Is a Tropical Coastal City, Situated on the Northern Coast of Hainan, by the Mouth of the Nandu River

    Haikou is a tropical coastal city, situated on the northern coast of Hainan, by the mouth of the Nandu River. The northern part of the city is Haidian Island, which is separated from the main part of Haikou by the Haidian River, a branch of the Nandu. Haikou was originally a port city. Today, it’s the capital of Hainan province and the most populous city in the province. The city covers 2,280 square kilometers and is home to around 2 million inhabitants. Haikou is on the northern edge of the torrid zone, and is part of the inter-tropical Convergence Zone. April to October is the active period for tropical storms and typhoons, most of which occur between August and September. May to October is the rainy season with the heaviest rainfall occurring in September. Despite its location, the city has a humid subtropical climate, falling just short of a tropical climate, with strong monsoonal influences. Nevertheless, the area has hot summers and warm winters, usually with high humidity. Extremes temperatures have ranged from 2.8 to 39.6 °C (37 to 103 °F) From June to October torrential rains may occur, with 7.0 days annually receiving at least 50 mm (1.97 in) of rain; this period accounts for nearly 70 percent of the annual rainfall of 1,650 mm (65 in). With monthly percentage of possible sunshine ranging from 31% in February to 61% in July, the city receives 2,070 hours of bright sunshine annually. Haikou is a transport hub with flights to many cities and boats to nearby mainland cities such as Beihai and Zhanjiang.
  • Spatiotemporal Patterns of Carbon Emissions and Taxi Travel Using GPS Data in Beijing

    Spatiotemporal Patterns of Carbon Emissions and Taxi Travel Using GPS Data in Beijing

    energies Article Spatiotemporal Patterns of Carbon Emissions and Taxi Travel Using GPS Data in Beijing Jinlei Zhang 1, Feng Chen 1,2, Zijia Wang 1,* ID , Rui Wang 1 and Shunwei Shi 1 1 School of Civil and Architectural Engineering, Beijing Jiaotong University, No.3 Shangyuancun, Haidian District, Beijing 100044, China; [email protected] (J.Z.); [email protected] (F.C.); [email protected] (R.W.); [email protected] (S.S.) 2 Beijing Engineering and Technology Research Center of Rail Transit Line Safety and Disaster Prevention, No.3 Shangyuancun, Haidian District, Beijing 100044, China * Correspondence: [email protected]; Tel.: +86-010-5168-8070 Received: 21 December 2017; Accepted: 19 February 2018; Published: 27 February 2018 Abstract: Taxis are significant contributors to carbon dioxide emissions due to their frequent usage, yet current research into taxi carbon emissions is insufficient. Emerging data sources and big data–mining techniques enable analysis of carbon emissions, which contributes to their reduction and the promotion of low-carbon societies. This study uses taxi GPS data to reconstruct taxi trajectories in Beijing. We then use the carbon emission calculation model based on a taxi fuel consumption algorithm and the carbon dioxide emission factor to calculate emissions and apply a visualization method called kernel density analysis to obtain the dynamic spatiotemporal distribution of carbon emissions. Total carbon emissions show substantial temporal variations during the day, with maximum values from 10:00–11:00 (57.53 t), which is seven times the minimum value of 7.43 t (from 03:00–04:00). Carbon emissions per kilometer at the network level are steady throughout the day (0.2 kg/km).
  • Glorious Property Holdings Limited 囱 盛 地 產 控 股 有 限

    Glorious Property Holdings Limited 囱 盛 地 產 控 股 有 限

    非供於美國公佈 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因依賴該 等內容而引致的任何損失承擔任何責任。 本公告並不構成在美國提呈證券出售的要約。在並無登記或不獲豁免登記下，證券不一定可在美 國提呈發售或出售。在美國進行的任何公開發售證券，將以可向本公司索取的發售章程進行，發 售通函將載有本公司及管理層的詳細資料以及財務報表。本公司不擬在美國註冊任何部分的票據。 Glorious Property Holdings Limited 囱盛地產控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：845） 建議的優先票據發行 本公司擬進行建議的票據發行。有關這次建議的票據發行，本公司將向若干機 構投資者提供有關本集團的最新企業及財務信息，包括已更新風險因素、本公 司業務的及本集團承辦項目的概況、管理層就財務狀況及經營業績的討論與分 析、近期發展、關聯方交易及債務資料，該等資料之前尚未公開過。該等最新 信息摘要隨附於本公告並在向機構投資者發放的相若時間，可於本公司網址 www.gloriousphl.com.cn瀏覽。 – 1 – 建議的票據發行的完成須受市況及投資者反應規限。建議的票據的定價，包括 總本金金額、發售價及息率將由唯一賬簿管理人及唯一牽頭經辦人渣打銀行透 過使用入標定價的方式釐定。在落實最終票據條款後，渣打銀行及本公司等將 訂立購買協議。倘票據予以發行，本公司現擬使用票據收益對新增及現有項目 提供資金（包括建造費用及土地成本）及供作一般公司用途。本公司或會因應變 動中的市況及情況調整上述計劃，並因此可能重新分配建議的票據發行的收益。 本公司已申請票據於新加坡交易所上市。票據是否獲納入新加坡交易所並不視 為本公司或票據價值之指標。本公司將不會尋求票據於香港上市。 由於於本公告日期尚未就建議的票據發行訂立具約束力的協議，故建議的票據 發行不一定會落實。投資者及本公司股東於買賣本公司證券時，務須審慎行事。 倘購買協議獲予訂立，本公司將就建議的票據發行作進一步公告。 建議的票據發行 緒言 本公司擬進行建議的票據發行。有關這次建議的票據發行，本公司將向若干機構 投資者提供有關本集團的最新企業及財務信息，包括已更新風險因素、本公司業 務及本集團承辦項目的概況、管理層就財務狀況及經營業績的討論與分析、近期 發展、關聯方交易及債務資料，該等資料之前尚未公開過。該等最新信息摘要隨 附於本公告並在向機構投資者發放的相若時間，可於本公司網址 www.gloriousphl.com.cn瀏覽。 – 2 – 建議的票據發行的完成須受市況及投資者反應規限。建議的票據的定價，包括總 本金金額、發售價及息率將由唯一賬簿管理人及唯一牽頭經辦人渣打銀行透過使 用入標定價的方式釐定。除非根據票據的條款予以提前贖回，票據（倘獲發行）將 具有一次性還款。於本公告日期，尚未釐定建議的票據發行的款額、條款及條件。 在落實最終票據條款後，渣打銀行及本公司等將訂立購買協議，據此，渣打銀行 將為票據的初步買方。倘購買協議獲予簽署，本公司將就建議的票據發行作進一 步公告。 建議的票據發行將僅供渣打銀行以要約形式於美國境外遵照證券法項下的S規例 發售。概無票據將於香港公開發售，及概無票據將配售予本公司的任何關連人士。 進行建議的票據發行的原因 本集團是專注在中國主要經濟城市發展及銷售優質物業的最大的房地產發展商之 一。於二零一零年六月三十日，本集團在全中國11個主要城市，包括3個直轄市 （上海、天津及北京）、5個省會城市（合肥、瀋陽、哈爾濱、南京及長春）及3個位 於長三角主要區域的經濟城市（無錫、蘇州及南通）有多個項目處於已開發或正在
  • Info Bulletin.Pmd

    Info Bulletin.Pmd

    The East Asian Seas Congress 2006 The year 2003 created new opportunities for the sustainable development of the seas of East Asia, as it heralded the birth of the first-ever East Asian Seas Congress. The five-day event, held from 8-12 December in Putrajaya, Malaysia, brought together various stakeholders from diverse disciplines to work hand-in-hand to uphold the welfare of the East Asian Seas and ensure the sustainability of their resources. It will be remembered as the occasion where the Sustainable Development Strategy for the Seas of East Asia (SDS-SEA) was endorsed by environment- and ocean- related ministers and senior officials from PEMSEA’s 12 participating countries, with the signing of the Putrajaya Declaration. This Congress, a follow-up to the Putrajaya event, promises to drive the wheels of sustainable development in continuous motion, thereby bringing East Asia closer and closer to ultimately achieving a healthy and bountiful future for its seas and its people. Designed to address pressing coastal and marine environmental issues in practical formats and against a multidisciplinary setting, the various Congress components provide participants the opportunity to take active roles in sustainable development. Features The EAS Congress 2006 features the: • Ministerial Forum on the Implementation of the SDS-SEA* 14–15 December; • International Conference on Coastal and Ocean Governance: One Ocean, One People, One Vision 12–14 December; • Meeting of the EAS Partnership Council* 16 December; and • Youth Forum, Exhibits, Poster Sessions, Field Trip and other Side Events. *By invitation only. Host/Local Organizing Committee The 2006 Congress is being hosted by the government of PR China and co-organized by the State Oceanic Administration (SOA).
  • Underground Space As a Connector

    Underground Space As a Connector

    ARCHITECTURE DEPARTMENT CHINESE UNIVERSITY OF HONG KONG MASTER OF ARCHITECTURE PROGRAMME 2010-2011 DESIGN REPORT NEW MOBILITY HUB IN BEIJING UNDERGROUND SPACE AS A CONNECTOR SHEKWai Ling, Sophy May 2011 \ r 00 Thesis Statement 01 Background Study 02 Site Analysis 03 Underground Space 04 Design Strategy & Development i Thesis Statement The fast urbanization and urban sprawl in Beijing causes problematic conditions in many areas of city. The south-east area is a representative case for this development. To cope with the problem of increased traffic congestion and emission in Beijing, the government has planned to expand the subway system to cover most parts of the city and aiming at a 1km node-to-node walking distance within the 3rd ring road area by 2020, in order to encourage citizens to use public transport rather than automobiles and develop a more sustainable life- style. In addition to the subway system, the government has planned underground networks as an alternative way to ease ground traffic congestion and land use tensions in downtown areas. Along with the Beijing Government's emphasis on the subway system and underground space development, a new subway station will be built in Nanmofang in the east part of the capital bringing new opportunities to this area, south of the extending CBD. This thesis attempts to connect an increasingly fragmented urban fabric through the introduction of an underground space network. The underground space network provides a large flexibility to link different destinations directly by the all weather pedestrian connections and helps to reconnect Beijing's urban blocks divided by the large street grid for vehicular traffic.
  • 14 Guangzhou R&F Properties Co., Ltd

    14 Guangzhou R&F Properties Co., Ltd

    14 GUANGZHOU R&F PROPERTIES CO., LTD. Annual Report 2005 precise Market Positioning, satisfying customers’ needs GUANGZHOU R&F PROPERTIES CO., LTD. Annual Report 2005 15 R&F Property廣州 物業一覽 in China Heilongjiang Jilin Beijing Liaoning Xinjiang Neimenggu Hebai Tianjin Ningxia Shanxi Shandong Qinghai Gansu Xian Jiangsu Henan Shaanxi Tibet Anhui Hubei Sichuan Chongqing Zhejiang Shanghai Hunan Jiangxi Guizhou Fujian Guangzhou Yunnan Taiwan Guangxi Guangdong Hong Kong Macau Hainan No. of Project Land Bank Location under development Total GFA as at 14 March 2006 (sq. m.) (sq. m.) Guangzhou 11 1,143,000 4,128,000 Beijing 4 870,000 3,080,000 Tianjin 1 318,000 926,000 Xian 1 140,000 980,000 Chongqing 0 0 230,000 16 GUANGZHOU R&F PROPERTIES CO., LTD. Annual Report 2005 Business Review Overview of the PRC Property Market In 2005, China’s economy continued its rapid growth. The gross domestic product (“GDP”) in the People’s Republic of China (the “PRC”or “China”) reached RMB18,232.1 billion, which was a 9.9% surge over the previous year, while per capita disposable income of urban residents in cities and towns recorded a growth of 9.6%. The continuing growth in China’s economy and the rise in the disposable income of its citizens will inevitably lead to a higher demand for quality housing. During the year under review, the Chinese Govern- ment implemented a series of macro economic mea- sures to counter act the overheated property market. These macro economic measures have helped stabi- lized market conditions and in the long run are ex- pected to create a more balanced supply and demand situation and a healthier development of the prop- erty market.
  • The Systematic Evolution of Beijing: a Human Ecology Perspective

    The Systematic Evolution of Beijing: a Human Ecology Perspective

    Research Article Int J Environ Sci Nat Res Volume 23 Issue 4 - March 2020 Copyright © All rights are reserved by Lachang Lyu DOI: 10.19080/IJESNR.2020.23.556121 The Systematic Evolution of Beijing: A Human Ecology Perspective Lachang Lyu1* and Richard Greene2 1College of Resource, Environment and Tourism, Capital Normal University, China 2College of Geospatial Information Science and Technology, Capital Normal University, China Submission: Published: rd *Corresponding February author: 17, 2020; March 04, 2020 Lachang Lyu, College of Resource Environment and Tourism, Capital Normal University, No. 105 West 3 Ring Road North, Haidian District, Beijing, 10004, China Abstract Megacity sprawl is an international phenomenon and Chinese megacities have been especially exposed to rapid sprawl since reform and the opening-up policy in the year of 1978. As the political, cultural, and international communication center of China, Beijing has witnessed a morphological transition that demonstrates typical aspects of this megacity sprawl. Though the morphological changes have been investigated by a number of scholars, emerging changes and new high resolution multi temporal global urban land data allow for a more systematic investigation that results in an evolutionary model that uncovers the urban form dynamics of megacity sprawl. In this paper, we examine the Beijing morphological evolutionary process and the geographic direction of intra-urban sprawl with the use of a new global urban land database obvious periodic sequences ranging from compact to a more loosely-shaped form but also triangular in some cases and rectangular in other cases that utilized an extensive number of LANDSAT images for five-year periods from 1980-2015.
  • Journal of Cleaner Production 206 (2019) 688E700

    Journal of Cleaner Production 206 (2019) 688E700

    Journal of Cleaner Production 206 (2019) 688e700 Contents lists available at ScienceDirect Journal of Cleaner Production journal homepage: www.elsevier.com/locate/jclepro Emission pattern mining based on taxi trajectory data in Beijing * Tingting Li a, , Jianping Wu a, Anrong Dang b, Lyuchao Liao a, Ming Xu a a Department of Civil Engineering, Tsinghua University, Beijing, 100084, China b School of Architecture, Tsinghua University, 100084, China article info abstract Article history: Traffic-related air pollution has been one of the major environmental problems in China. It is urgent to Received 20 June 2017 explore the urban traffic emission patterns for the low-carbon urban planning and traffic management. Received in revised form With this purpose, a new urban traffic emission analysis model is proposed in this paper. The traffic 9 August 2018 analysis zones (TAZs) are treated as the analysis unit. Then the spatial and temporal dynamic emission Accepted 7 September 2018 patterns are studied based on taxi GPS data in Beijing. The whole urban area of Beijing is divided into 33 Available online 18 September 2018 TAZs depending on the feature of road networks. And the trip patterns of TAZs are extracted. The instantaneous emissions of CO , NOx, VOC and PM within and between TAZs are estimated. The re- Keywords: 2 Data mining lationships between emissions and road densities are studied. The results demonstrated that (1) the Traffic analysis zone highest taxi trips during the day occur at 10:00, 16:00 and 20:00. (2) The variations of the 4 pollutants Emission pattern within and between TAZs are similar.
  • Evergrande Real Estate Group Limited 恒 大 地 產 集 團 有 限 公 司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 3333)

    Evergrande Real Estate Group Limited 恒 大 地 產 集 團 有 限 公 司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 3333)

    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Evergrande Real Estate Group Limited 恒 大 地 產 集 團 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 3333) DISCLOSEABLE TRANSACTION The Board announces that on 2 December 2015, Shengyu (BVI) Limited, a wholly-owned subsidiary of the Company, as the purchaser, entered into three agreements respectively with the Vendor, pursuant to which the Purchaser agreed to acquire the interests in the relevant shares in and loans to the target companies held by the Vendor. These target companies hold the interests in the Haikou Project, the Huiyang Project and two projects located in Wuhan. Since the Vendor is the seller in these three agreements, such agreements will be aggregated in accordance with Rule 14.22 of the Listing Rules. As the applicable percentage ratios for the Acquisition exceed 5% but are less than 25%, the Acquisition constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules and is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules. 1. INTRODUCTION The Board announces that on 2 December 2015, Shengyu (BVI) Limited, a wholly-owned subsidiary of the Company, as the purchaser, entered into three agreements respectively with the Vendor, pursuant to which the Purchaser agreed to acquire the interests in the relevant shares in and loans to the target companies held by the Vendor.
  • Uillage Uillage Uillage

    Uillage Uillage Uillage

    UILLAGE UILLAGE UILLAGE RETHINKING URBAN VILLAGE IN BEIJING EXPLORING STRATEGIES FOR INFRASTRUCTURE AND PUBLIC SPACE, STRENGTHENING COMMUNITY LIFE WHAT IS URBAN VILLAGE IN CHINA? [URBAN VILLAGE] [INFRASTRUCTURE] [PUBLIC SPACE] [COMMUNITY LIFE] Master Thesis Jian Zhou Supervisors: Ana Betancour, Flavia Cozma, Jaime Montes, Master's programme in Sustainable Urban Planning and Design Kungliga Tekniska högskolan June 3rd, 2014 UILLAGE WHAT IS URBAN VILLAGE IN CHINA? ILLAGE U -Commonly seen on outskirts and the downtown of Chinese megacities -Surrounded by modern urban structure -A unique phenomenon during China’s urbanization -Inhabitants: the poor and transient, manual laborers -Space: super densified, infrastructure+space+social problems -Services for the city, -Cheap living cost for new comers UILLAGE FROM RURAL VILLAGE TO URBAN VILLAGE UILLAGE RURAL VILLAGES IN 40 YEARS AGO: URBAN VILLAGE: BROADENED INFRASTRUCTURE, FARMLAND, STREET SYSTEM, PUBLIC SPACE INVADED FRINGES, COMPRESSED PUBLIC SPACE Source for description of urban village’s formation process: Mapping of urban villages in China. Zhengdong Huang, Qingming Zhan. School of Urban Design, Wuhan University Source for description of urban village’s formation process: Mapping of urban villages in China. Zhengdong Huang, Qingming Zhan. School of Urban Design, Wuhan University ORIGINAL RESIDENTIAL HOUSING FARMLAND TRAFFIC ROADS ORIGINAL RESIDENTIAL HOUSING AFTERWARDS DENSIFIED HOUSING ROUTES: WALKING, SMALL VEHICLES MAIN PUBLIC SPACE NODES SKYSCRAPERS MODERN RESIDENTIAL BUILDING WITH 6-8