- China Res Land’s core profit for the financial year was 27.77 billion yuan, a 2.9% increase year-on-year, but missed estimates of 28.55 billion yuan.
- The company’s revenue was 251.14 billion yuan, a 21% increase year-on-year, beating estimates of 228.07 billion yuan.
- Revenue from property development was 212.08 billion yuan, surpassing estimates of 188.14 billion yuan.
- Hotel operations contributed 2.32 billion yuan to the revenue, higher than the estimated 1.95 billion yuan.
- The gross margin stood at 25.2%, slightly above the estimated 25%.
- Net income for the year was 31.37 billion yuan, a 12% increase year-on-year, beating estimates of 29.09 billion yuan.
- The final dividend per share was 1.243 yuan, up from 1.219 yuan year-on-year.
- The company received 33 buys, 0 holds, and 0 sells.
- All comparisons are based on values reported from the company’s original disclosures.
A look at China Resources Land Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
China Resources Land Limited, a company focused on property development and investment, has recently received a strong overall outlook according to the Smartkarma Smart Scores. With a score of 4 for both Dividend and Growth, the company shows promising potential for long-term returns. Additionally, with a score of 3 for both Resilience and Momentum, China Resources Land is expected to weather market fluctuations and maintain a stable growth trajectory. While the company’s Value score is slightly lower at 3, its strong performance in other areas indicates a promising future for investors.
Based on the description of the company, China Resources Land‘s primary focus on property development and investment is a key factor in its positive outlook. The company also offers additional services such as corporate financing and electrical engineering, providing a diverse range of services. With a strong overall outlook and a solid foundation in its core business, China Resources Land is positioned to continue its growth and success in the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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