China Overseas Land & Investment ( (CAOVF) ) has released its Q4 earnings. Here is a breakdown of the information China Overseas Land & Investment presented to its investors.
China Overseas Land & Investment Limited is a Hong Kong-based company engaged in property development and investment, primarily focusing on residential and commercial properties in China. The company is notable for its strategic focus on first-tier cities and its robust financial management.
In its latest earnings report for the year ended December 31, 2024, China Overseas Land & Investment Limited reported a slight increase in contracted property sales, reaching RMB310.69 billion, despite a challenging market environment. The company’s revenue stood at RMB185.15 billion, with a profit attributable to owners of RMB15.64 billion. The company also proposed a final dividend of HK30 cents per share, totaling HK60 cents for the year.
Key financial highlights include a 12.1% increase in revenue from commercial properties to RMB7.13 billion and a net gearing ratio of 29.2%, reflecting the company’s strong financial position. The company acquired 22 land parcels across 12 Chinese cities, enhancing its land reserve significantly. Additionally, the company maintained a low average borrowing cost of 3.1%, among the lowest in the industry.
Looking forward, the company remains cautiously optimistic, anticipating stabilization in the property market driven by supportive government policies and improving market conditions. The company plans to continue its focus on high-quality development in first-tier cities, leveraging its strong financial position and strategic investments to sustain growth.
Overall, China Overseas Land & Investment Limited demonstrates resilience and strategic foresight in navigating a challenging market, positioning itself for continued success in the coming years.