2020.03.19

Times China, with its strength and sound management, won six grand industrial awards in several recent industrial forums.

Ranking 32nd in 2020 China Top 100 Real Estate Developers

China Real Estate Top 10 Research Team

Ranking 35th in 2020 Best 50 of China Real Estate Developers

2020 Best 10 of Development of China Real Estate Developers

China's Top 10 Real Estate Development Enterprises in respect of Urban Renewal in the Year 2020

China Real Estate Association

Shanghai E-House Real Estate Research Institute

China Real Estate Appraisal Center

The Top 100 Excellent Real Estate Enterprises in 2020

Top 30 Listed Real-Estate Enterprises in China in 2020

Guandian Index Research Institute

The "China Real Estate Top 10 Research Team," comprising a trio of research institutions -- China Enterprises Evaluation Association, Real Estate Institute of Tsinghua University and China Index Academy -- released "Research Results on 2020 China Top 100 Real Estate Developers" on March 17, 2020 in Beijing. Based on the research team's evaluation of scale, profitability, growth, robustness, financing capability, operating efficiency and social responsibility, Times China ranked 32nd among "2020 China Top 100 Real Estate Developers", rising two places from its 2019 listing.

▲ Times China rose to the 32nd place in 2020 China Top 100 Real Estate Developers

The "Evaluation Results of 2020 Best 500 of China Real Estate Developers" co-organized by China Real Estate Association, Shanghai E-House Real Estate Research Institute and China Real Estate Appraisal Center was released on March 18. Times China, by virtue of its comprehensive strength, Times China ranked 35th among "2020 Best 50 of China Real Estate Developers", up seven places from 2019.

Meanwhile, Times China was included among the "2020 Best 10 of Development of China Real Estate Developers" and "China's Top 10 Real Estate Development Enterprises in respect of Urban Renewal in the Year 2020".

Times China was included in "the Top 100 Chinese Real Estate Companies in 2020" released by the Guandian Index Academy (guandian.cn) on March 16. It was also honored with inclusion among the "Top 30 Listed Real-Estate Enterprises in China" in 2020.

Additionally, in order to commend and pay tribute to enterprises that made contributions in fighting the pandemic, www.guandian.cn specially established the "List of Property Enterprises Donating for Pandemic Fighting in 2020". Times China was granted the honor for its contribution and active moves during the pandemic.

Rising core indicators for strong growth in 2019 and beyond

Based on product strength, ingenuity, profitability, unique development strategies and increasing brand strength, Times China recorded astonishing sales by surpassing the sales goal of RMB 7.5 billion in 2019. Thus, for 2019 the company's contracted sales figure increased by 29.3% from 2018, and operating revenue increased 23.4% over the total for the previous year. Turnover, annual gross profit, gross profit margin, annual core net profit and other indicators saw further increase. Property development, urban renewal, property lease, property management and other business sectors demonstrated positive growth.

Thanks to proactive land strategies, Times China had a land reserve of 23 million square meters by December 31, 2019, representing an increase of 25%. Moreover, the total number of urban renewal projects exceeded 120, with an estimated potential gross floor area of 43 million square meters. A solid foundation for the Company's constant and rapid development in the following five years was laid. The previous year, with focus on continued development in the Greater Bay Area for an expanded share of the regional market, Times China initiated business in Hangzhou, Wuhan and other cities. Thus, it established a presence in the Yangtze River Delta, the middle reaches of the Yangtze River, the Chengdu-Chongqing City Cluster and other high-growth areas.

As 2020 progresses, we face the challenges together and still have full confidence about the future. Times China will insist on growth with quality, maintain a balance between growth, benefit and risk, ensure the stable growth of the residential development business, further increase the competitive advantage of the urban renewal business, and develop industry, commerce, building, home decoration, education and other business activities.