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Core net profit attributable to equity owners increased by 64.2% to RMB853 million;
The Board proposes a final dividend of RMB13.2 cents per share |
HONG KONG, Apr 1, 2015 - (ACN Newswire) - A leading business park operator in China--Yida China Holdings Limited, announced its annual results for the year ended 31 December 2014.
The Group has achieved satisfactory growth in its results for the year 2014, The revenue of the Group was RMB7,711.3 million, representing an increase of approximately 20.5% compared with the corresponding period of last year, of which rental income from investment properties increased by 5.3% to RMB308.6 million. The net profit attributable to shareholders of the Company was approximately RMB896.9 million. The core net profit after deducting minority interests and valuation gains was RMB852.7 million, with core net profit margin of 11.1%. Basic earnings per share were approximately RMB39.0 cents.
The Board of Directors of the Group proposed payment of a final dividend of RMB 13.2 cents per share for the year ended 31 December 2014.
Commenting on the Group's performance during the year, Mr. Sun Yinhuan, Chairman of Yida China Holdings Limited, said, "In 2014, under the sophisticated global economic environment, we battled through the pressure and challenges from subdued economic growth and achieved satisfactory operating results, including successful listing on the main board of Hong Kong Stock Exchange and entering into the global capital market. Our business model of "Integration of the Industry with the City" was highly recognized and our position as a leading business park operator in China was further solidified. Yida Technology New City and Yida Software New City have set up headquarters in Beijing and Shanghai, signifying substantial progress towards a nation-wide business presence. We entered into comprehensive and in-depth cooperation with local government, financial institutions, owners of capital, funds and resources, smart enterprise, agencies and service institutions, which provide broader development opportunities for the Group.
During the Year under Review, Mr. Sun Yansheng, Executive Director and CEO of Yida China, said, "Under the sophisticated market environment, Yida China has achieved steady growth in business park development business, further maintaining and solidifying our leading position in China. As at 31 December 2014, the Group has played a leading role in the development and operation of six business park projects, including Dalian Software Park, Dalian BEST City Core Area Business Information Software Park, Dalian Ascendas IT Park, Wuhai First City, Yida Information Software Park and Dalian Tiandi."
Through a series of value-added services for customers, such as customised decoration, talents recommendation, new staff training and project reporting mechanism, the business parks held and operated by the Group achieved excellent results under the severe market competition, as shown by the steady increase in rent and occupancy rate. Dalian Software Park upgraded and optimized its client base through gradually shifting its focus on premium major clients and emerging industries. During the Year under Review, the occupancy rate of Dalian Software Park rose to 94% at the end of the period, with 13 landmark customers newly acquired, bringing the total amount to 102, including 3 Fortune Global 500 Enterprises and ten strategic and emerging industries enterprises, and this continued to lead the industrial upgrade of the park. As of the end of 2014, the accumulated number of enterprises settled in the park was 743, including 48 enterprises on the list of Global 500 Enterprises and 34 Top 100 Enterprises, such as HP, Accenture, Panasonic, Sony, Hitachi, NTT, ORACLE, AVAYA, NEC, FIDELITY and British Telecom. The sales revenue and software export of our resident enterprises achieved a year-on-year growth of over 30%, representing over 50% of the market share in Dalian on average. Dalian Software Park has pragmatically become the core development zone of Dalian's software and information services industry.
In terms of business expansion, the Group has registered new companies in Beijing and Shanghai and preliminarily formed the strategic layout among our three regional headquarters in Dalian, Beijing and Shanghai. During the process of expansion, the Group has conducted analysis on numerous business park operation projects in various cities, such as Shanghai, Shenzhen, Beijing, Suzhou and Hangzhou. The Group has finalized and commenced a number of entrusted operation and pre-construction consultation projects, including Shanghai Jiangqiao Project, Suzhou High-speed Rail Cultural and Creative Park Project, Suzhou Wuzhong Shangjinwan Project and Beijing Shichuang Environmental Park Project.
In addition to business development, the Group always bears in mind corporate social responsibilities and made several charitable donations during the Year under Review for the causes of education, culture and people's livelihood. The Group has co-established "Yida Education Development Fund" with Dalian University of Technology and donated RMB15 million to support the innovative construction and talents acquisition of the University. Meanwhile, the Group further strengthened the innovative atmosphere of Dalian Software Park. The New Year Concert of "Sound of Yida" was successfully held in Dalian, Wuhan and Shanghai as the development of business park projects extended to these cities.
In 2015, the Group sets its vision of development on "Being the best business park developer and the largest business park operator in China" and adheres to the development principle of "Combining light with heavy assets operation together". The Group will put more efforts in the development of its four main business segments - development of business parks, operation of business parks, property holding for investment and assets management and construction. In the next five to ten years, the Company will steam ahead in first-tier cities such as Beijing, Shanghai and Shenzhen. Besides, we will put emphasis on resource-rich and economically-active regions such as Bohai, Yangtze River Delta and Pearl River Delta in order to achieve the strategic goal of having a solid presence in 10 cities and operating 20 business parks.
Looking forward, Chairman Sun Yinhuan said, "The Group will embrace the new market opportunities and continue to improve the business model of "Integrating the Development, Operation and Management of the Industry with the City", further strengthen domestic and overseas cooperative partnership, persist in solidifying operating capabilities in terms of capital, funds and resources, deepen corporate governance, strengthen organization and team building and improve management capabilities. We will uphold the corporate culture of assiduous work and pragmatism and an aggressive spirit to pursue continuous improvement with an aim of developing the Group into a first-class domestic enterprise and international modernised enterprise. We strive to create value for shareholders, clients, business partners and employees. And aim at becoming the best business park operator in China.
Topic: Press release summary
Source: Yida China Holdings Limited
Sectors: Daily Finance
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From the Asia Corporate News Network
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