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Last $0.86 HKD
Change Today +0.01 / 1.18%
Volume 1.7M
845 On Other Exchanges
Symbol
Exchange
Hong Kong
Munich
OTC US
OTC US
As of 4:01 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

glorious property holdings (845) Snapshot

Open
$0.85
Previous Close
$0.85
Day High
$0.88
Day Low
$0.82
52 Week High
11/17/14 - $1.42
52 Week Low
07/8/15 - $0.60
Market Cap
6.7B
Average Volume 10 Days
2.6M
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, develops and sells large-scale real estate properties in the People’s Republic of China. The company primarily develops residential, hotel, serviced apartment, office, and retail commercial properties. As of December 31, 2014, it had a total land bank of 14.8 million square meters in Shanghai Region, Yangtze River Delta, Pan Bohai Rim, and Northeast China. The company has approximately 31 projects in 13 cities, including Beijing, Tianjin, Shanghai, Wuxi, Suzhou, Nanjing, Nantong, Hefei, Harbin, Changchun, Shenyang, and Dalian. It is also involved in the wholesale of construction materials, mechanical equipment, and building materials; and provision of culture, advertising planning, advisory, business consulting, and business and property management services, as well as interior and exterior decoration, and renovation services. Glorious Property Holdings Limited was founded in 1996 and is headquartered in Central, Hong Kong.

1,033 Employees
Last Reported Date: 04/27/15
Founded in 1996

glorious property holdings (845) Top Compensated Officers

Chief Executive Officer, Vice Chairman of The...
Total Annual Compensation: CNY1.8M
Chairman of the Board, Chairman of Nomination...
Total Annual Compensation: CNY7.0M
Chief Financial Officer, Vice President, Exec...
Total Annual Compensation: CNY997.0K
Head of Project Budgeting, Vice President and...
Total Annual Compensation: CNY997.0K
Compensation as of Fiscal Year 2014.

glorious property holdings (845) Key Developments

Glorious Property Holdings Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2015

The board of directors of Glorious Property Holdings Limited announced that, based on the information currently available to the Board, the group is expected to record a substantial increase in the loss attributable to the owners of the company for the six months ended June 30, 2015 as compared to the same period in 2014. The substantial increase in the loss was primarily attributable to the following: (i) the group did not have projects that were newly completed and delivered during the six months ended June 30, 2015 such that the revenue recognized during this period was only attributable to the sales of remaining units of those projects that were completed in prior years, thus resulting in a significant decrease of approximately 85.4% in the recognized revenue as compared to the same period in 2014; (ii) there was a drop in the group's gross profit margin as a result of the change of the product mix and increasing project costs for the properties delivered in the six months ended June 30, 2015; (iii) the amount of provision for impairment for the group's properties in the six months ended June 30, 2015 increased as compared to the same period in 2014; (iv) the group is expected to record a fair value loss of investment properties for the six months ended June 30, 2015, as compared to a fair value gain of RMB 12,340,000 for the same period in 2014; and (v) interest costs of approximately RMB 159,000,000 was not capitalized as part of the property development costs and was being recorded directly as current year expenses in the six months ended June 30, 2015, while for the same period in 2014 substantially all interest costs were capitalized.

Glorious Property Holdings Limited Announces Unaudited Group Contracted Sales for the Month and Year to Date Ended July 31, 2015

Glorious Property Holdings Limited announced unaudited group contracted sales for the month and year to date ended July 31, 2015. For the month, the company reported contracted sales of approximately RMB 418.0 million, representing a month-on-month increase of 45.2% and a year-on-year increase of 316.4%. The total contracted sold area was 19,459 square meters, representing a month-on-month increase of 15.1% and a year-on-year increase of 123.7%. The average contracted selling price was RMB 21,481 per square meter. For the seven months ended 31 July 2015, the total contracted sales and contracted sold area of the group amounted to approximately RMB 2,548.0 million and 142,547 square meters, representing an increase of 26.7% and 7.0% respectively as compared to the same period of last year. The average contracted selling price was RMB 17,875 per square meter.

Glorious Property Holdings Limited Announces Unaudited Group Contracted Sales Results for the Month and Year to Date Ended June 30, 2015

Glorious Property Holdings Limited announced unaudited group contracted sales results for the month and year to date ended June 30, 2015. For the month of June 2015, the Group achieved contracted sales of approximately RMB 288.0 million, representing a month-on-month decrease of 24.4% and a year-on-year increase of 52.3%. The total contracted sold area was 16,905 square meters, representing a month-on-month decrease of 20.5% and a year-on-year decrease of 10.8%. The average contracted selling price was RMB 17,033 per square meter. For the six months ended 30 June 2015, the total contracted sales and contracted sold area of the Group amounted to approximately RMB 2,130.0 million and 123,088 square meters, representing an increase of 11.5% and a decrease of 1.2% respectively as compared to the same period of last year. The average contracted selling price was RMB 17,305 per square meter.

 

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845

Industry Average

Valuation 845 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 0.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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