Company Profile For Central China Real Estate Limited

Central China Real Estate Limited (0832.HK) (Hong Kong Stock)

sector: Financials · industry: Real Estate Operations ·

As of 9:54am IST

2.15HKD

Price Change

-0.03

Percent Change

-1.38%

Analyst Recommendations

Overview

Central China Real Estate Limited is a residential property developer in Henan Province. The business segments of the Company include property development, which includes the development and sales of residential and commercial properties; property leasing, which includes the leasing of commercial properties, schools and kindergartens, and construction contract, which includes the construction of residential properties for external customers. As of December 31, 2008, the Company had land reserves of approximately 8.15 million square meters. On November 21, 2008, Shangqiu Jianye Huarun Zhiye Company Limited (CCRE Huarun), is a joint venture company established by Central China Real Estate Group (China) Company Limited (CCRE China), and Shangqiu Yinshang Holdings Company Limited (Yinshang Holdings).

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Central China Real Estate Ltd.'s revenues decreased 47% to RMB644.8M. Net income decreased 58% to RMB100.3M. Revenue reflects a decrease in income from Property Development, lower income from construction contract. Net income also reflects a decrease in other net income, decreased gross & operating margins, increased selling & marketing expenses and higher general & administration expenses.