CIFI’s contracted sales grew significantly by 36% YoY to record high of RMB30.98 billion in December 2020

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Full year contracted sales reached RMB231 billion, up approx. 15% YoY ; Achieved about 100.4% of full year sales target (RMB230 billion)

 

HONG KONG SAR – Media OutReach – 8 January 2021 – 

  • In December 2020, the Group achieved contracted sales
    of approx. RMB30.98 billion, representing a YoY increase of approx. 36%
    (compared to December 2019). Contracted GFA amounted to approx. 2,204,300 sq.m.
    and contracted ASP was approx. RMB14,100/sq.m. in December 2020.
  • For the full year of 2020, the Group achieved
    contracted sales of approx. RMB231 billion, representing a YoY increase of
    approx. 15%. Contracted GFA amounted to approx. 15,385,100 sq.m. and contracted
    ASP was approx. RMB15,000/sq.m. in 2020.
  • In
    2020, the Group achieved approx. 100.4% of its 2020 full year contracted sales
    target of RMB230 billion
  • In
    2020, breakdowns of the Group’s contracted sales were as follows:

By
City

RMB
(billion)

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% of
total

Hangzhou

19.14

8.3%

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Wenzhou

13.80

6.0%

Beijing

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13.52

5.9%

Hefei

13.41

5.8%

Chongqing

11.04

4.8%

Suzhou

10.57

4.6%

Changsha

9.76

4.2%

Tianjin

9.11

3.9%

Wuhan

9.09

3.9%

Qingdao

8.15

3.5%

Shanghai

7.4

3.2%

Chengdu

7.39

3.2%

Jinan

7.03

3.0%

Wuxi

6.91

3.0%

Ningbo

5.56

2.4%

Foshan

5.02

2.2%

Changzhou

4.62

2.0%

Nanjing

4.47

1.9%

Fuzhou

3.73

1.6%

Shenyang

3.61

1.6%

Dongguan

3.56

1.5%

Jiaxing

3.26

1.4%

Taiyuan

3.22

1.4%

Linyi

2.90

1.3%

Huizhou

2.73

1.2%

Yantai

2.63

1.1%

Yinchuan

2.62

1.1%

Luoyang

2.59

1.1%

Shenzhen

2.55

1.1%

Jinhua

2.45

1.1%

Nanchang

2.14

0.9%

Taizhou

1.98

0.9%

Nanning

1.66

0.7%

Hong
Kong

1.59

0.7%

Jiangmen

1.46

0.6%

Zhengzhou

1.44

0.6%

Wuhu

1.24

0.5%

Zhoushan

1.11

0.5%

Jining

1.09

0.5%

Others

15.45

6.7%

By
Region

RMB
(billion)

% of total

Yangtze
River Delta

101.19

43.8%

Pan
Bohai Rim

52.93

22.9%

Central
& Western Region

51.38

22.2%

Southern
China Region

25.50

11.1%

Land Acquisition

  • In December 2020, the Group completed
    the following land acquisitions: 
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City

Project

Group’s  Equity Interest

Intended
Primary Use

Site
Area

(sq.m.)

Total
Planned GFA (Excluding Carpark) (sq.m.)

Group’s
Attributable Consideration (RMB)

Average 

Land Cost
(Excluding Carpark) 

(RMB/

sq.m.)

Changsha

Yue
Lu District, Bin Jiang New City, Yu Bong Project

100%

Residential,
Commercial

94,400

424,800

3,738,270,000

8,800

Huai’an

Economic
Development Zone, An Lan Road East Project

100%

Residential,
Commercial

176,400

435,100

874,800,000

2,011

Chengdu

Xin
Jin District, Xin Jin TOD Project

66%

Residential,
Commercial

237,100

552,600

878,440,000

2,408

Guiyang

U
Dang District, Bei Ya Road Project

51%

Residential

147,000

558,300

896,390,000

3,148

Urumqi

Shui
Mo Gou District, Convention Centre, 476 mu Project

51%

Residential,
Commercial

318,100

638,900

1,013,780,000

3,111

Wenzhou

Ban
Dao Qi Bu District, Dong Tou County West, 
Zone B-09 Project

50%

Residential

147,500

427,900

1,125,000,000

5,259

 

Company
News

  • In
    December, CIFI signed syndicated loan facility agreements with several banks
    and financial institutions in Hong Kong, with an aggregate amount of US$362
    million, comprising: (i) US$145 million 3.5-year certain term loan; and (ii)
    HK$1,688 million (equivalent to approximately US$217 million) 3.5-year certain
    term loan. The syndicated loans were first led by China CITIC Bank
    International and Bank of Communications Hong Kong Branch. Participating banks
    also include CMB Wing Lung Bank, Tai Fung Bank, The Bank of East Asia and Chong
    Hing Bank.
  • In
    December, the major shareholder, Lin’s family, increased the equity
    stake in CIFI by two million shares. The average share price was HK$6.24 per
    share and the total consideration was HK$12.47 million. Up to now, the Lin’s
    family together with the chairman of the board, Mr. Lin Zhong, increased the
    equity stake in CIFI by 64.9 million shares in total during the year for a
    total consideration of HK$413 million, demonstrating the major shareholder’s
    full confidence in CIFI’s long term development and potential appreciation of
    its share price.

CIFI’s contracted sales grew significantly by 36% YoY to record high of RMB30.98 billion in December 2020

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