After recording a nearly 16 percent rise in net profit to nearly 126.3 billion yuan (HK$149.5 billion), developer Shimao Group (0813) has set this year's sales target at 330 billion yuan.
Vice chairman Xu Shitan also revealed yesterday that Shimao-owned land valued at 50 billion yuan to 60 billion yuan in Hong Kong will help springboard the launch of property sales this year.
But the company's land bank is located mainly in the Great Bay Area, including Shenzhen and Guangzhou.
Shimao declared a final dividend of 90 HK cents and a special dividend of 20 HK cents per share. Basic earnings per share were 361.5 fens.
On another property front, shares of China Resources Land (1109) dropped nearly 5 percent after it reported a 3.56-percent increase in net profit. Its gross profit margin dropped by 7 percentage points.
Chief financial officer Guo Shiqing said contracted sales in 2020 increased 17.5 percent year-on-year to 285 billion yuan.
The developer has set its sales target at 315 billion yuan. Its saleable holdings are worth 505.7 billion yuan.
A final dividend of 1.10 yuan has been declared.
And China Aoyuan (3883) saw its share price surge 13.6 percent after it reported a 41-percent jump in net profit for 2020 to 5.91 billion yuan.
It declared a final dividend of 66 fens and a special dividend of 11 fens.
Xu Shitan revealed plans to launch property sales in Hong Kong.
SING TAO
