Company Profile For Greentown China Holdings Limited

Greentown China Holdings Limited (3900.HK) (Hong Kong Stock)

sector: Financials · industry: Real Estate Operations ·

As of 9:59am IST

12.10HKD

Price Change

-0.12

Percent Change

-0.98%

Analyst Recommendations

Overview

Greentown China Holdings Limited (Greentown) is an investment holding company. The Company primarily engages in residential property development. Greentown’s subsidiaries include Richwise Holdings Limited, Green Sea International Limited, Best Smart Enterprises Limited, Hua Yick Investments Limited, Greentown Real Estate Group Co., Ltd., Shanghai Lvyu Real Estate Development Co., Ltd., Anhui Greentown Real Estate Development Co., Ltd., Anhui Greentown Lianhua Real Estate Development Co., Ltd., Beijing Greentown Investment Co., Ltd., Hangzhou Taohuayuan Real Estate Development Co., Ltd., Shangyu Greentown Real Estate Development Co., Ltd., Shanghai Greentown Woods Golf Villas Development Co., Ltd, Beijing Sunshine Greentown Real Estate Development Co., Ltd. and Shanghai Green View Real Estate Co., Ltd.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Greentown China Holdings Limited's revenues increased 10% to RMB1.94B. Net income decreased 5% to RMB323.2M. Revenues reflect an increase in Property development sales and higher turnover from Hotel operations. Net income was offset by an increase in cost of sales, a rise in selling expenses, higher administrative expenses and the presence of Fair value changes on Trust-related financial derivatives.