Last $1.11 HKD
Change Today +0.02 / 1.83%
Volume 2.7M
845 On Other Exchanges
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Hong Kong
Munich
OTC US
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As of 4:01 AM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

glorious property holdings (845) Snapshot

Open
$1.10
Previous Close
$1.09
Day High
$1.11
Day Low
$1.08
52 Week High
11/22/13 - $1.74
52 Week Low
04/1/14 - $1.03
Market Cap
8.6B
Average Volume 10 Days
3.5M
EPS TTM
$0.04
Shares Outstanding
7.8B
EX-Date
05/21/13
P/E TM
22.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for GLORIOUS PROPERTY HOLDINGS (845)

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glorious property holdings (845) Details

Glorious Property Holdings Limited, an investment holding company, engages in the development and sale of large-scale commercial and residential properties in China. It primarily develops residential, hotel, serviced apartment, office, and commercial properties in the cities of Shanghai region, Yangtze River Delta region, Pan Bohai Rim, and northeast China region. The company also has 30 projects in 12 cities, including Beijing, Tianjin, Shanghai, Wuxi, Suzhou, Nanjing, Nantong, Hefei, Harbin, Changchun, Shenyang, and Dalian. In addition, it is involved in the trade of concrete; and wholesale of mechanical equipment, and building and construction materials, as well as provision of interior and exterior decoration, and renovation services. Glorious Property Holdings Limited was founded in 1996 and is headquartered in Central, Hong Kong.

1,170 Employees
Last Reported Date: 03/28/14
Founded in 1996

glorious property holdings (845) Top Compensated Officers

Chairman of the Board, Chairman of Nomination...
Total Annual Compensation: CNY5.5M
Vice Chairman, Member of Finance Committee an...
Total Annual Compensation: CNY5.0M
Head of Project Budgeting, Vice President and...
Total Annual Compensation: CNY3.0M
Executive Director
Total Annual Compensation: CNY2.0M
Vice President, Executive Director and Member...
Total Annual Compensation: CNY3.0M
Compensation as of Fiscal Year 2012.

glorious property holdings (845) Key Developments

Glorious Property Holdings Limited Reports Unaudited Sales Results for the Month and Quarter Ended March 31, 2014

Glorious Property Holdings Limited reported unaudited sales results for the month and quarter ended March 31, 2014. For the month, the group achieved contracted sales of approximately CNY 233.0 million, representing a month-on-month increase of 8.9% and a year-on-year decrease of 68.4%. The total contracted sold area was approximately 17,402 square meters, representing a month-on-month increase of 26.9% and a year-on-year decrease of 74.4%. The average contracted selling price was CNY 13,389 per square meter. For the quarter, the total contracted sales and contracted sold area of the Group amounted to approximately CNY 1,137.0 million and 73,423 square meters, representing a decrease of 55.1% and 60.0% respectively as compared to the same period of last year. The average contracted selling price was CNY 15,486 per square meter.

Glorious Property Holdings Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2013

Glorious Property Holdings Limited announced consolidated earnings results for the year ended December 31, 2013. For the year ended December 31, 2013, the Group recorded a consolidated revenue of RMB 8,217.2 million, representing a decrease of 2.0% compared to RMB 8,384.7 million in 2012. The Group's profit attributable to owners of the company for the year ended December 31, 2013 was RMB 292.1 million, representing a decrease of 73.0% compared to RMB 1,081.6 million for 2012. The decrease in profit attributable to the owners of the company was mainly due to the decrease in gross profit margin of the properties sold and delivered in the current year and the lower fair value gains of the investment properties, as well as the inclusion of the provision for impairment of the Group's properties for the current year. Profit attributable to the owners of the company for the year ended December 31, 2013 (excluding the fair value gain of investment properties and the related tax effect) amounted to RMB 151.4 million, representing a decrease of 78.5% from RMB 703.4 million for 2012. Basic and diluted earnings per share for the year ended December 31, 2013 was RMB 0.04 versus RMB 0.14 of 2012. Profit before income tax was RMB 697.8 million against RMB 1,869 million of prior year.

Glorious Property Holdings Limited Provides Earnings Guidance for the Full Year Ended 31 December 2013

Glorious Property Holdings Limited provided earnings guidance for the full year ended 31 December 2013. The consolidated net profit of the Group for the year ended 31 December 2013 is expected to show a significant decrease as compared with 2012. The decrease was primarily attributable to the lower consolidated gross profit margin as a result of the change of the product mix and geographical distribution of the projects delivered during the year, the decrease of the fair value gains of the investment properties, and provision for impairment losses of the remaining units of certain property projects.

 

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Industry Analysis

845

Industry Average

Valuation 845 Industry Range
Price/Earnings 22.7x
Price/Sales 0.8x
Price/Book 0.4x
Price/Cash Flow 22.7x
TEV/Sales NM Not Meaningful
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