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.
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 2868)
SALES PERFORMANCE FOR THE ONE MONTH ENDED 31 JANUARY 2017Beijing Capital Land Ltd. (the "Company", together with its subsidiaries, the "Group") wishes to provide to its shareholders the attached newsletter on property sales performance which contains certain operating data of the Group for the one month ended 31 January 2017 (the "Sales Performance"). The Sales Performance is also available on the website of the Company (www.bjcapitalland.com.cn). The Sales Performance has been prepared on the basis of internal management records. It has not been audited or reviewed by external auditor, and as such the data is for investors' reference only. The Sales Performance is not an offer or solicitation for the purchase or sale of any securities or financial instruments or to provide any investment service or investment advice.
By Order of the Board
Beijing Capital Land Ltd.
Lee Sze Wai
Company Secretary
Hong Kong, 7 February 2017
The Board as of the date of this announcement comprises Mr. Li Songping (Chairman) who is Non-Executive Director, Mr. Tang Jun (President) who is the Executive Director, Ms. Sun Baojie, Mr. Sun Shaolin, Mr. Su Jian and Mr. Yang Weibin who are the Non-Executive Directors, and Mr. Wang Hong, Mr. Li Wang and Mr. Wong Yik Chung, John who are the Independent Non-Executive Directors.
Newsletter (2868.HK) February 2017 Stock DataShare Price………….……..HK$3.08 52-week range HK$2.54 - HK$3.56 FY15 P/E (Trailing)…...… 3.44 times FY16 P/E (Forward) …… 5.58 times Market Capitalization...HK$9.326bn
*Source: Bloomberg, as of 7/2/2017
Sales Performance for January 2017In January 2017, BCL achieved a total contracted sales area of 181,000 sq.m., representing an increase of 158.3% over the same period last year, while the corresponding contracted sales amounted to approximately RMB6.29 billion, representing an increase of 576.7% over the same period last year. The average selling price in January was RMB35,000/sq.m., representing an increase of 162.0% over the same period last year. As at the end of January 2017, the cumulative subscription sales awaiting signing of official sales contracts amounted to RMB1.56 billion.
Annex: Sales Breakdown for January 2017
Contracted Sales Area (' 000 sq.m.) | Contracted Sales Amount ( RMB million) | |
Beijing, Tianjin and Shanghai | 127 | 5,850 |
Other Regions | 54 | 440 |
Total | 181 | 6,290 |
Contracted Sales Area
Contracted Sales Amount
Beijing Capital Land Ltd. ("BCL", stock code: 2868.HK) is one of the leading integrated property developers in China.
Aspiring to be "the Most Valuable Comprehensive Property Developer" in
China, the Company focuses on the following core business lines: Residential Property, Integrated Outlets, Urban Core Complex and Primary Land Development. The Company differentiates itself from its
peers through its fully integrated
(' 000 sq.m.) ( RMB million)
Non-core Projects | 61 | 1,040 |
Total | 181 | 6,290 |
Core Projects120 5,250
operations and the seamless coordination among all business lines, which helps to increase competitiveness. The Company focuses on five core cities: Beijing, Shanghai, Tianjin, Chongqing and Chengdu. The Company is committed to its strategy of "maximizing scale, accelerating turnover, destocking and optimizing business structure" and focuses on high turnover and home- buyer oriented products. Beijing Capital
Jan-16 Jan-17
70
181
930
6,290
Tianjin 7%
Beijing 84%
Shanghai 3%
Chengdu
3%
Chongqing 3%
Group, one of Beijing's largest
Contracted Sales Area Contracted Sales Amount
enterprises and under the direct supervision of the Beijing Municipal Government, is the parent company of
('000 sq. m.)
(RMB million)
Breakdown of Contracted Sales Amount
for Jan 2017
BCL.
Contact UsBryan Feng
Beijing Capital Land
General Manager (HK Headquarters) Head of Investor Relations
Tel: +852 2869 3288
+86 10 6652 3240
Email:ir@bjcapitalland.com.cn
Offshore Bond IssuanceIn January, a wholly-owned offshore subsidiary of BCL successfully established a USD1 billion guaranteed medium term note (MTN) and perpetual securities programme and completed the initial drawdown of USD400 million of 3.875% senior notes from the programme. The notes have the benefit of a keepwell deed and liquidity support from Beijing Capital Group, and have an investment grade credit rating of BBB from Fitch Ratings. The issuance successfully attracted leading international institutional investors including BlackRock and Goldman Sachs, and was oversubscribed more than 6 times. Its offer rate was substantially lowered by 32.5bps compared to the initial price guidance, which pushed the spread to a record wide level in the market compared to similar offerings.
Land InvestmentChristensen China Limited Tel: +852 2117 0861
Fax: +852 2117 0869
Email:bjcapitalland@christensenir.com
In January, BCL jointly acquired the Han Village Project in Jinhaihu Town, Pinggu District, Beijing. Located in the core function area of the World Leisure Congress, the project is equipped with great amenities and has good access to the Metro Pinggu Line and a number of truck roads. It also features scenic views as it is adjacent to the Jinhaihu tourism area. The project has a planned above-ground GFA of 153,000 sq.m.
Due to uncertainties incurred in the calculation of the sales figures, discrepancies may exist between the information disclosed above and the periodic reports. Therefore, investors are advised to treat the information disclosed in this letter as periodic references only.
Beijing Capital Land Limited published this content on 07 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 February 2017 11:19:07 UTC.
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