Aoyuan Maintains Sustainable Growth in 2014 Sales Performance , Achieves Full-Year Contracted Sales of RMB12.2 Billion, Up 22% Y-o-Y
Date：2015-01-08
(8 January 2015 - Hong Kong) China Aoyuan Property Group Limited ("Aoyuan" or the "Company", Stock Code: 3883), a renowned property developer in China, is pleased to announce that the Company achieved 2014 full-year unaudited contracted sales of approximately RMB12.2 billion, with contracted gross floor area (GFA) sold amounting to approximately 1.34 million sq.m., representing y-o-y increases of approximately 22% and 25%, respectively. Average selling price was RMB9,103 per sq.m, a similar level with the previous year. Total contracted sales were evenly split between residential and commercial properties (including commercial apartments and shops).
In December 2014, Aoyuan recorded contracted sales of approximately RMB1.5 billion, with contracted GFA sold of approximately 143,000 sq.m.
Aoyuan"s management said, "Aoyuan maintained the growth momentum throughout 2014 at a sustainable and steady mode. It attributed to successfully practicing the product strategy of ‘developing commercial and residential properties in parallel", as well as reinforcing the project standardization development model and multi-channel sales model. Moreover, the Group recently brought in Huaxia Insurance as a strategic investor by means of capital injection, which has further strengthened cash flows and is helpful to maintain gearing ratio at a reasonable level. Heading into 2015, Aoyuan will step up its efforts for better sales performance and deliver satisfactory returns to our shareholders."