Landsea Green Group Enters "Top 100 HK Listed Companies - Top 10 Turnover Growth"
Landsea has been shortlisted for the "Top 10 Turnover Growth of Top 100 Hong Kong Listed Companies" on April 19. HK-listed companies with the largest turnover growth in 2017 will be the finalists of the "Top100 - Top 10 Turnover Growth".
The transformation and upgrading strategy of "differentiated products, light assets and international market" has achieved remarkable results in 2017. Steady growth can be seen in all operation and financial indexes: contracted sales under “Products of Landsea” contributed RMB 32.053 billion; annual operation income amounted to RMB 6.214 billion; core net profit reached RMB 930 million, of which the development service industry of light assets contributed about RMB 310 million; the net debt ratio dropped to 48.8% and ROE was up to 25.2%. At the meantime, based on the major properties business, Landsea engaged in more sectors, including long-term rental apartment, elderly care services, green finance, green architecture design, property services, green decoration, assets operation and sales services, thus establishing a system of green business gradually.
Mr. Tian Ming, the chairman of Landsea Green Group, said: "being shortlisted for the ranking list shows that our good performance has been seen and our strategic transformation has made great achievement. In the past year, when conducting our real estate business, we are expanding long-term rental apartment and elderly care services actively, so we have seen a rapid growth in our market share and brand value. We also expand diversified business by launching the "Banyan Tree Scheme" since 2017. In the future, with green properties as one of our core business, we will continue to improve the diversified green industry system, cover more cities through business expansion, and adhere to the differentiated strategy of environmental protection. We will provide consumers with healthy, comfortable, intelligent, energy-saving and environmental friendly products and quality services. We will endeavor to create more value for shareholders to be widely recognized by the market."
Top 100 Hong Kong Listed Companies
Jointly sponsored by Tencent and FINET, the event is one of the most authoritative ranking list for Hong Kong listed companies. Each year, the host will evaluate the performance of more than 2000 HK-listed companies through accurate data and a series of scientific criteria, and then select the outstanding ones. The final list will be issued later and outstanding companies will be awarded. Since its birth in 2012, the event has been widely recognized by the market after years of development. As a widely accepted award, it is aimed at establishing a new value benchmark for the Hong Kong stock market through creating the most authoritative and credible Hong Kong listed companies list.