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.