January 22, 2017 5:36 PM ET

Internet Software and Services

Company Overview of Fang Holdings Limited

Company Overview

Fang Holdings Limited operates a real estate online platform through which it provides e-commerce, marketing, listing, financial, and value-added services. It supports active online communities and networks of users seeking information on, and other value-added services for, the real estate and home furnishing and improvement sectors. The company was formerly known as SouFun Holdings Limited and changed its name to Fang Holdings Limited in September 2016. Fang Holdings Limited was founded in 1999 and is based in Beijing, China.

F9M, Building 5

Zone 4, Hanwei International Plaza

No.186 South 4th Ring Road

Fengtai District

Beijing,  100160

China

Founded in 1999

40,351 Employees

Phone:

86 10 5631 8000

Key Executives for Fang Holdings Limited

Fang Holdings Limited does not have any Key Executives recorded.

Fang Holdings Limited Key Developments

Fang Holdings Limited Presents at UBS Greater China Conference 2017, Jan-09-2017

Fang Holdings Limited Presents at UBS Greater China Conference 2017, Jan-09-2017 . Venue: China Hall, 3/F, Grand Tower, Shangri-La Shanghai Pudong, Shanghai 738, China.

Chongqing Wanli New Energy Explores Avenues To Terminate The Sale Of Its Assets To Fang Holdings

Chongqing Wanli New Energy Co., Ltd. (SHSE:600847) is exploring avenues to terminate the sale of its assets to Fang Holdings Limited (NYSE:SFUN). Fang Holdings said on December 13, 2016, that Chongqing Wanli New Energy Co., which is the target of a takeover from Fang, has advised that Chongqing Wanli New Energy Co. plans to explore avenues to terminate the sale of its assets.” In an update on its proposed acquisition and the sale of Chongqing Wanli New Energy Co.'s assets, Fang Holdings said in a statement, "To date, the transacting parties have not agreed or entered into any agreement to terminate the restructuring."

Fang Holdings Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2016; Revises Revenue Guidance for the Full Year of Fiscal 2016

Fang Holdings Limited announced unaudited consolidated earnings results for the third quarter ended September 30, 2016. For the quarter, the company announced total revenues of $250,127,000 compared to $248,508,000 for the same period a year ago. Operating income was $220,000 compared to operating loss of $31,734,000 for the same period a year ago. Income before income taxes and non-controlling interests was $3,084,000 compared to loss before income taxes and non-controlling interests of $27,830,000 for the same period a year ago. Net loss was $4,948,000 compared to net income of $1,400,000 for the same period a year ago. Net loss attributable to the company shareholders was $4,949,000 or $0.05 per basic and diluted share and $0.01 per basic and diluted ADS share compared to net income of $1,405,000 or $0.02 per diluted share for the same period a year ago. Non-GAAP income from operations was $2,443,000 compared to loss of $30,609,000 for the same period a year ago. Non-GAAP net loss was $14,178,000 compared to $31,859,000 for the same period a year ago. Non-GAAP net loss attributable to the company shareholders was $14,179,000 or $0.15 per basic and diluted share and $0.03 per basic and diluted per ADS compared to $31,854,000 or $0.38 per diluted share and $0.08 per diluted ADS for the same period a year ago. Adjusted EBITDA was $1,587,000 compared to adjusted LBITDA of $24,305,000 for the same period a year ago. Net cash generated from operating activities was $77 million compared to cash flow used in operating activities of $83 million in the same period of 2015, primarily due to the repayment of loan principals in their financial services, which was about $87 million for the 3 months ended September 30, 2016. The company adjusted its total revenue guidance for 2016 from $1,148.6 million to approximately 927.7 million, representing a year-on-year increase of 5.0%. This forecast reflects Fang's current and preliminary view, which is subject to change.

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