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July 02, 2015 11:41 PM ET

Real Estate Management and Development

Company Overview of Chiwayland International Limited

Company Overview

Chiwayland International Limited engages in the development of real estate properties in the People’s Republic of China. The company’s portfolio comprises residential and commercial properties, office buildings, education hubs, and fixed price housing in the Yangtze River Delta Region, including Shanghai, Suzhou, Wuxi, Zhangjiagang, and Xuancheng. It also provides real estate investment, township planning, project management, and building maintenance services. Chiwayland International Limited was founded in 2006 and is based in Shanghai, China. Chiwayland International Limited is a subsidiary of Sinway Investment Co., Ltd.

No. 767-2, Jinzhong Road

Changning District

Shanghai,  200335


Founded in 2006


86 21 2219 2888


86 21 2219 2821

Key Executives for Chiwayland International Limited

Chiwayland International Limited does not have any Key Executives recorded.

Chiwayland International Limited Key Developments

Chiwayland International Limited Incorporates New Joint Venture Company

The Board of Directors of Chiway land International Limited announced that the Group has incorporated a new joint venture company, named Bluesky Parramatta Pty Ltd.

Chiwayland International Limited Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Chiwayland International Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of RMB 75,936,000 against RMB 268,385,000 a year ago. Negative results from operating activities were RMB 42,185,000 against RMB 19,375,000 a year ago. Loss before income tax was RMB 47,830,000 against RMB 17,504,000 a year ago. Loss for the period attributable to owners of the company was RMB 35,873,000 or 5.8 cents per basic and diluted share against RMB 18,837,000 or 3.4 cents per basic and diluted share a year ago. Net cash generated from operating activities was RMB 100,528,000 against net cash used in operating activities of RMB 11,525,000 a year ago. Acquisition of property, plant and equipment was RMB 20,000 against RMB 391,000 a year ago. The group revenue decreased by 72% over the same period in 2014, primarily due to the decrease in the number of property units handed over.

Chiwayland International Limited Provides Earnings Guidance for the First Quarter Ended March 31, 2015

The Board of Directors of Chiwayland International Limited informed that the group is expected to report a higher net loss for the first quarter ended 31 March 2015 as compared to the corresponding period. The higher net loss is mainly due to decrease in revenue recognised from its property development sales in first quarter 2015 as compared to first quarter of 2014. The decrease in revenue recognised from property development sales was due mainly to the decrease in total gross floor area (GFA) sold and recognised.

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