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1H2018 Report of China Fortune Land Development: Operation Revenue of CNY34.974 Billion, YOY Growth of 57.13%

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1H2018 Report of China Fortune Land Development: Operation Revenue of CNY34.974 Billion, YOY Growth of 57.13%

PR Newswire

BEIJING, Aug. 28, 2018 /PRNewswire/ -- According to the 1H2018 Performance Report issued by China Fortune Land Development (CFLD, 600340.SH) on August 28th, 2018, the operation revenue of the company reached CNY34.974 billion, with a year-on-year growth of 57.13%.

During this reporting period, the company's sales reached CNY80.504 billion, with a YOY growth of 15.63%. The net profit being received by shareholders of the listed company is CNY6.927 billion, with a YOY growth of 29.05%. As of the end of June 2018, the deposit received by the company was CNY143.315 billion.

During the reporting period, Fortune 500 enterprises such as Faurecia (Shenyang) Automative Components System Co., Ltd., and industry-leading enterprises, including Mianyang Brilliance Ruian Automative Components Co., Ltd., Shenyang Changjiangyuan Technology Development Co., Ltd., BRAND FIELD LIMITED, Shanghai Shangfu Plastics Co., Ltd., Hangzhou Hengli Manufacturing Technology Co., Ltd., signed to station in CFLD's industry cities.

In 1H2018, CFLD's industry cities newly signed 445 enterprises, with an investment of CNY96.56 billion, up 101% and 32%, respectively. In 1H2018, the percentage of core business sales from the region other than the Greater Beijing Region accounts for 38.63%, with a YOY growth of 25% in the last reporting period. 288 enterprises from the region other than Beijing-Tianjin-Hebei region were newly signed, accounting for 64.72%, while newly signed investment amounting to CNY74.50   billion, accounting for 77.15%.

At the same time, CFLD signed the Comprehensive Strategic Cooperation Agreement with Hubei Bank and China Citic Bank. Data shows that the total group line of credit secured in 1H2018 was CNY356.5 billion, in which the used line of credit was approximately CNY63.268 billion.

About China Fortune Land Development Co., Ltd.

China Fortune Land Development Co., Ltd (CFLD) (Stock Code: 600340SH), founded in 1998, is a leading New Industry City operator in China. CFLD devotes to creating sustainable regional development and transforming and advancing industry. Through a focus on innovation and leveraging a market-based PPP operation model, CFLD develops New Industry Cities with highly-assimilated industries, well-equipped urban space, and eco-friendly environment, and industry towns with industrial characteristics, as well as green and livable environment. In partnership with regional governments, CFLD develops integrated solutions that bring together innovative industry clusters that drive economic growth, and cities with urban facilities that enhance quality of life. As of end-December 2017, CFLD's New Industry City business covers more than 80 regions in the Beijing-Tianjin-Hebei area, the Yangtze River Economic Belt, the Guangdong-Hong Kong-Macao Greater Bay Area, and so on.

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SOURCE China Fortune Land Development

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