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china new town development (1278) Details

China New Town Development Company Limited, together with its subsidiaries, plans and develops large-scale new town projects in the suburbs of large cities in the People’s Republic of China. The company operates through Land Development, Property Development, Property Leasing, Hotel Operations, Golf Operations, and Others segments. The Land Development segment develops land infrastructure, and constructs ancillary public facilities. The Property Development segment develops and sells residential and commercial properties. The Property Leasing segment provides investment property leasing services. The Hotel Operations segment offers room, restaurant, and conference hall services. The Golf Operations segment provides golf course management services. The Others segment offers investment and other services. The company sells land use rights; and builds, manages, and operates public amenities comprising schools and hospitals, as well as develops, manages, and operates commercial properties, such as hotels and convention centers. It offers travelling information and wedding etiquette; sports management; travel; business and procurement management; property management; hospital investment and health consultation; gynecology and obstetrics; and enterprise investment consultation services. The company is involved in the planting, maintenance, and management of scenic spots. The company was founded in 2002 and is based in Central, Hong Kong.

Founded in 2002

china new town development (1278) Top Compensated Officers

Head of Legal Affairs for China and Vice Pres...
Total Annual Compensation: CNY921.0K
Compensation as of Fiscal Year 2013.

china new town development (1278) Key Developments

China New Town Development Company Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

China New Town Development Company Limited reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported revenue of RMB 53,626,000 compared to RMB 608,267,000 a year ago. Operating loss was RMB 52,952,000 compared to operating profit of RMB 263,373,000 a year ago. Loss before tax from continuing operations was RMB 62,634,000 compared to profit before tax from continuing operations of RMB 208,853,000 a year ago. Loss attributable to the owners of the parent was RMB 104,197,000 or RMB 0.0143 per basic and diluted share compared to profit attributable to the owners of the parent of RMB 30,626,000 or RMB 0.0068 per basic and diluted share a year ago. Net cash inflow from operating activities was RMB 400,849,000 compared to net cash outflow from operating activities of RMB 14,640,000 a year ago. Purchase/construction of property, plant and equipment was RMB 8,461,000 compared to RMB 163,580,000 a year ago.

China New Town Development Company Limited Announces Address Changes

The board of directors of China New Town Development Company Limited announced that all shareholders of the company and members of the public that the address of the principal place of business of the Company in Hong Kong will be changed to Suites 4506 - 4509, Two International Finance Centre, No. 8 Finance Street, Central, Hong Kong from September 19, 2014. The company's telephone number in Hong Kong will be changed to 37598300, and the facsimile number will remain unchanged.

China New Town Development Company Limited Announces Unaudited Group Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

China New Town Development Co. Ltd. announced unaudited group earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported that revenue was RMB 53,626,000 compared to RMB 1,000 a year ago. Operating profit was RMB 387,000 compared to operating loss of RMB 11,427,000 a year ago. Loss before tax from continuing operations was RMB 32,904,000 compared to loss before tax from continuing operations of RMB 40,919,000 a year ago. Loss attributable to owners of the parent was RMB 51,287,000 compared to loss attributable to owners of the parent of RMB 59,051,000 a year ago. Net cash inflow from operating activities was RMB 448,211,000 compared to RMB 136,359,000 a year ago. Purchase/construction of property, plant was RMB 2,298,000 compared to RMB 67,347,000 a year ago. Loss was RMB 0.0040 per fully diluted share against earnings of RMB 0.0131 per fully diluted share a year ago. For the six months, the company reported that revenue was RMB 53,626,000 compared to RMB 608,267,000 a year ago. Operating loss was RMB 9,682,000 compared to operating profit of RMB 263,373,000 a year ago. Loss before tax from continuing operations was RMB 62,634,000 compared to profit before tax from continuing operations of RMB 208,853,000 a year ago. Loss attributable to owners of the parent was RMB 104,197,000 compared to profit attributable to owners of the parent of RMB 30,626,000 a year ago. Net cash in flow from operating activities was RMB 400,849,000 compared to net cash outflow from operating activities of RMB 14,640,000 a year ago. Purchase/construction of property, plant was RMB 8,461,000 compared to RMB 163,580,000 a year ago. Loss was RMB 0.0143 per fully diluted share against earnings of RMB 0.0068 per fully diluted share a year ago.

 

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