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Last $1.17 HKD
Change Today +0.02 / 1.74%
Volume 16.2M
845 On Other Exchanges
Symbol
Exchange
Munich
OTC US
OTC US
As of 1:21 AM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

glorious property holdings (845) Snapshot

Open
$1.16
Previous Close
$1.15
Day High
$1.18
Day Low
$1.15
52 Week High
11/17/14 - $1.42
52 Week Low
01/15/15 - $0.70
Market Cap
9.1B
Average Volume 10 Days
26.8M
EPS TTM
$-0.39
Shares Outstanding
7.8B
EX-Date
05/21/13
P/E TM
--
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, is engaged in the development and sale of large-scale commercial and residential properties in China. The company primarily develops residential, hotel, serviced apartment, office, and commercial properties. As of December 31, 2013, it had a total land bank of 15.2 million square meters in Shanghai Region, Yangtze River Delta, Pan Bohai Rim, and Northeast China. The company 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; business consulting; and culture, advertising planning, and advisory services. Glorious Property Holdings Limited was founded in 1996 and is headquartered in Central, Hong Kong.

1,033 Employees
Last Reported Date: 04/16/15
Founded in 1996

glorious property holdings (845) Top Compensated Officers

Chief Executive Officer, Vice Chairman of The...
Total Annual Compensation: CNY2.3M
Chairman of the Board, Chairman of Nomination...
Total Annual Compensation: CNY6.9M
Chief Financial Officer, Vice President, Exec...
Total Annual Compensation: CNY1.6M
Head of Project Budgeting, Vice President and...
Total Annual Compensation: CNY1.6M
Compensation as of Fiscal Year 2013.

glorious property holdings (845) Key Developments

Glorious Property Holdings Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2014

Glorious Property Holdings Limited announced consolidated earnings results for the year ended December 31, 2014. For the year, the group reported revenue of RMB 4,263,341,000 against RMB 8,217,194,000 a year ago. Loss before income tax was RMB 2,635,569,000 against profit before income tax of RMB 697,814,000 a year ago. Loss for the year was RMB 3,166,407,000 against profit of RMB 288,530,000 a year ago. Loss for the year attributable to the owners of the company was RMB 2,995,989,000 against profit of RMB 292,074,000 a year ago. Basic and diluted loss per share was RMB 0.38 against basic and diluted earnings per share of RMB 0.04 a year ago. Net operating cash outflow was RMB 3,534,225,000 against RMB 2,589,351,000 a year ago. Additions to property, plant and equipment was RMB 435,574,000 against RMB 316,562,000 a year ago. The loss attributable to the owners of the company for 2014 was mainly due to the significant decrease in revenue and gross profit margin of the properties sold and delivered in the current year and the provision for impairment of the group's properties increased significantly as compared to 2013, as well as the fair value loss of the investment properties recorded by the group for the first time in current year and the provision for impairment of certain of the group's other receivables. The group recorded a loss before income tax for 2014 mainly due to the significantly decreased revenue and gross profit margin, as well as the significantly higher provision for impairment made to the group's properties and other receivables, and the fair value loss for investment properties for the current year. Net debt as on December 31, 2014 was RMB 20,904,342,000 against RMB 16,132,598,000 a year ago.

Glorious Property Holdings Limited Postpones Earnings Results Announcement for the Year Ended 31 December 2014 from 27 March 2015 to 31 March 2015

The board of directors of Glorious Property Holdings Limited announced that the publication of the company's results announcement for the year ended 31 December 2014 will be postponed from 27 March 2015 to 31 March 2015, after which the profit forecast contained in the profit warning announcement will no longer need to be reported on under Rule 10 of the Hong Kong Code on Takeovers and Mergers. The reason for the postponement is that more time is required by the company to gather the necessary information to finalise the results for the year ended 31 December 2014.

Glorious Property Holdings Limited Provides Earnings Guidance for Year Ended December 31, 2014

Glorious Property Holdings Limited provided earnings guidance for year ended December 31, 2014. For the period, the Group is expected to record a substantial loss attributable to the owners of the company as compared to the profit attributable to the owners of the company for 2013.

 

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Industry Analysis

845

Industry Average

Valuation 845 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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