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Aoyuan Achieves 125% of 2018 Full-year Target with Contracted Sales of RMB91.3 Billion; Up 100% Y-o-Y Contracted Sales Reach Record-High of RMB17.4 Billion in December
 Date:2019-01-02

(2 January, 2019 – Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”; Stock Code: 3883) is pleased to announce that the Company recorded a 100% y-o-y increase in contracted sales to approximately RMB91.28 billion in 2018, and achieved 125% of its full-year target of RMB73.0 billion. The contracted gross floor area (GFA) sold amounted to approximately 8,863,000 sq.m., representing a 98% y-o-y increase. The average selling price was approximately RMB 10,300 per sq.m..

 

In December 2018, Aoyuan achieved contracted sales totaling approximately RMB17.39 billion, with contracted GFA sold amounting to approximately 1,725,000 sq.m., representing y-o-y increases of 55% for both. The average selling price was approximately RMB10,100 per sq.m..

 

Aoyuan management commented: “In 2018, Aoyuan continued to achieve breakthrough with record-high contracted sales. Its compound annual growth rate (CAGR) from 2012 to 2018 was over 60%. Aoyuan raised sufficient funds through successful issuance of corporate bonds, senior notes, syndicated loans, etc., in onshore and offshore markets, ensuring financial security of the Company. Aoyuan’s outstanding performance and robust growth have been continually recognized by the capital markets and all sectors, attaining inclusion in the ‘Forbes Asia’s Fab 50’, ‘Fortune China 500’ and ‘Fortune China Top 100 Board of Directors’, and later garnering the ‘2018 The Asset Corporate Gold Awards in Corporate Governance and Investor Relations’. In November 2018, Aoyuan officially changed its name to “China Aoyuan Group Limited”, better reflecting its long-term business strategy of “one core business with vertical development” as a multinational corporation, marking a new milestone for the development of Aoyuan. Looking forward, Aoyuan will continue to redouble its efforts as well as further enhancing the synergies between its businesses, bringing fruitful returns to shareholders and investors.”