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Aoyuan's 2019 Property Contracted Sales Jumps 29% YoY to RMB118.1 Billion Exceeds Full-Year Target and Enters the Hundred-Billion-Yuan Sales Circle
 Date:2020-01-02

 

 

 

   (2 January, 2020 – Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”; Stock Code: 3883) is pleased to announce that the Company recorded approximately RMB118.06 billion of property contracted sales in 2019 (attributable: 83%) with a y-o-y increase of 29%, and exceeded its full-year sales target of RMB114.0 billion. The contracted gross floor area (GFA) sold amounted to approximately 11,685,000 sq.m., representing a 32% y-o-y increase. The average selling price was approximately RMB 10,103 per sq.m..
 

  In December 2019, Aoyuan achieved property contracted sales totaling approximately RMB16.79 billion, with contracted GFA sold amounting to approximately 1,572,000 sq.m.. The average selling price was approximately RMB10,681 per sq.m..
 

  Aoyuan management commented: “In 2019, Aoyuan achieved over hundred-billion-yuan property contracted sales and ranked among top 30 PRC developers, demonstrating continued breakthroughs in our business development. During the year, the Company raised sufficient funds through the issuance of corporate bonds, senior notes, syndicated loans, etc., in onshore and offshore markets, ensuring fund safety of the Company. Aoyuan’s high-quality and robust growth is also well-recognized by the capital markets and across sectors, with our stock and bonds both top-performing, alongside earning accolades including ‘Fortune China 500 2019’ and ‘Fortune China Top 50 Board of Directors 2019’, and later garnering ‘Institutional Investor Best Global Fixed-Income Executive Team 2019 – Real Estate and Construction Sector’, ‘The Asset ESG Awards 2019 – Gold’ and ‘The Asset Best Investor Relations Team Award 2019’. Starting a new chapter following the hundred-billion-yuan sales achievement, Aoyuan seeks to go from strength to strength. Through adhering to the strategy of ‘one core business with vertical development’, we shall strengthen the linkage across all business segments with a focus on our core property business and maintain a quality, sustainable and steady growth, thereby continuing to bring fruitful returns to shareholders and investors.”