Smithers, British Columbia

China Fortune Land Development Generated RMB 37.372 Billion of Revenue in the First Half of 2020, with over 60% Contributed by Regions Outside the Greater Beijing Area

Retrieved on: 
Friday, August 28, 2020

The company achieved net profit of RMB 6.062 billion attributable to the parent of the company and a net profit margin of 16.2%.

Key Points: 
  • The company achieved net profit of RMB 6.062 billion attributable to the parent of the company and a net profit margin of 16.2%.
  • The debt-to-asset ratio of CFLD stood at 83.1%, representing a year-on-year decrease of 5.0%.
  • Regions outside the greater Beijing area contributed 62.4% of the total revenue of the company in the first half of 2020, a significant increase from 38.5% in the same period last year.
  • On top of that, 77.3% of the land parcels acquired by CFLD in the first half of 2020 were located outside the greater Beijing area.

CFLD Named in World's Top 10 Most Valuable Real Estate Brands by Brand Finance

Retrieved on: 
Friday, July 10, 2020

BEIJING, July 10, 2020 /PRNewswire/ -- China Fortune Land Development (CFLD) has been valued as one of the World's Top 10 Most Valuable Real Estate Brands in Brand Finance's 2020 report.

Key Points: 
  • BEIJING, July 10, 2020 /PRNewswire/ -- China Fortune Land Development (CFLD) has been valued as one of the World's Top 10 Most Valuable Real Estate Brands in Brand Finance's 2020 report.
  • Brand Finance has included CFLD in the list with an "A+" rating for three consecutive years, raising its ranking from 11th in 2019 to 10th in 2020.
  • He remains positive about the top 25 most valuable real estate brands increasing their financial advantages.
  • In addition to being recognized by Brand Finance, CFLD also ranked 473rd on Forbes's "GLOBAL 2000 The World's Largest Public Companies" list for 2020.