On 19 April 2018, the result of 2017 Top 100 Hong Kong Listed Companies was released. LVGEM (China) Real Estate Investment Company Limited (hereinafter referred to as “LVGEM (China)”, stock code: 0095.HK) was honored to rank among the Top 100 Hong Kong Listed Companies. LVGEM (China) once again enjoyed the favour of media and the capital market and received the award, after winning “Shenzhen-Hong Kong Stock Connect Best Investment Value Award” this year. Ms. Deng Chengying, Executive Director of LVGEM (China) attended the award ceremony held in Hong Kong on behalf of the Company.
Description: (photo of the award)
It is noted that the “Top 100 Hong Kong Listed Companies” selection has been successfully held for six years since its establishment in 2012. The selection aims to select the companies listed on the main board of HKEX with sound development and investment values and create the most authoritative and creditable ranking of Hong Kong Listed Companies. The previous ranking has been supported by the School of Accounting and Finance, The Hong Kong Polytechnic University academically and has been reviewed and approved by the specialists selection committee comprising the professionals from the financial section of mainland and Hong Kong.
The “Top 100 Hong Kong Listed Companies” established the “Top 100 Hong Kong Listed Companies Research Centre” in 2017. The centre was jointly initiated by Tencent News and Finet and serves an extension of “Top 100 Hong Kong Listed Companies” selection. It conducts assessment on the development of Hong Kong Listed Companies and publishes “Top 100 Hong Kong Listed Companies White Paper” on an annual basis. Through objective indicative analysis, it provides investors and professionals with important reference of Hong Kong Stocks.
Last year, LVGEM (China) delivered outstanding performance in operation. In 2017, profit attributable to shareholders of the Company amounted to RMB1.035 billion, representing an increase of approximately 29.1% over the same period in 2016 while gross profit margin was as high as 65.3%. The Company continued to strengthen efficiency of corporate operation and management and enhance brand influence, therefore gaining recognition from the industry, capital market and society.
In 2017, LVGEM (China) achieved brilliant performance in the capital market by successfully issuing US$400 million guaranteed senior debt which was oversubscribed; it established strategic cooperation with The Bank of East Asia (China) and obtained credit supports; it was awarded the honor of “Trustworthy (Quality) Enterprises in Shenzhen’s Real Estate Development Industry” and was ranked as the “Top 10 Shenzhen Real Estate Development Enterprises in terms of Comprehensive Strength”. In the end of last year, LVGEM (China) expanded the Hong Kong market by acquiring Hong Kong LVGEM NEO Project, the entire grade-A waterfront office building located in Kowloon East, Hong Kong, for HKD9 billion. The value of the project increased by HKD210 million in 2017.
Description: (photo showing Ms. Deng receiving the award that day)
In 19 April, Deng Chengying, Executive Director of LVGEM (China) attended the award ceremony and received the award on the stage. She indicated, ““Top 100 Hong Kong Listed Companies” represents the capital market’s high regard of the development prospect of LVGEM (China), as well as society’s recognition for the strength of LVGEM (China) brand. LVGEM (China) has commenced and operated a number of large-scale quality residential and commercial development projects in the Guangdong-Hong Kong-Macao Greater Bay Area, generating tremendous social benefits, economic benefits and environmental benefits”. Leveraging the development and operation of several core projects in the Bay Area, LVGEM (China) will continue to bring long-term and sustainable returns to the Company, investors and society in the future.
LVGEM (China) Real Estate Investment Company Limited
LVGEM (China) Real Estate Investment Company Limited (stock code: 00095.HK), established in 1995, is a well-known comprehensive real estate developer and commercial property operator in Shenzhen. It has three principal business segments including property development and sales, commercial property investment and operations as well as comprehensive services. In the segment of property development and sales, with the strategy of “Focusing on Major Cities and Their Core Areas”, and the main business line of “Shenzhen and Hong Kong”, the company focuses on the geographic expansion in the Guangdong-Hong Kong-Macao Greater Bay Area and their projects are all located in the core areas of Shenzhen, Hong Kong and Zhuhai, etc.. The Company is ranked top 10 in terms of All-rounder Real Estate Developer in Shenzhen and top 10 Southern China Brands for consecutive years. In the area of commercial property investment and Operations, the company successfully operated numerous commercial properties as represented by two commercial brands, namely “Zoll” and “NEO”. In the area of comprehensive services, the company has the first grade qualification of the national realty management enterprise and provide high quality and comprehensive property management services to all kinds of the properties. Looking forward, the company will strive for the vision and goal of “being the most respected city value-creator in China” with an aim to further strengthen its market position in and brand influence over the development of the Guangdong-Hong Kong-Macao Greater Bay Area.
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