2021.03.17

The "2021 China's Top 500 Real Estate Appraisal Achievements" co-sponsored by the China Real Estate Association and the China Real Estate Appraisal Center of the Shanghai E-house China R&D Institute was released in Shanghai on March 16, 2021. Times China won three grand awards for its comprehensive strength. Specifically, Times China ranked 33rd among the "China's Top 50 Real Estate Development Enterprises in respect of Comprehensive Strength in the Year 2021,” rising two places from the previous year.

Three awards

01

China's Top 50 Real Estate Development Enterprises in respect of Comprehensive Strength in the Year 2021

▲ Times China ranked 33rd, up two places from last year

02

China's Top 10 Real Estate Development Enterprises in respect of Comprehensive Development in the Year 2021

03

China's Top 10 Real Estate Development Enterprises in respect of Urban Renewal in the Year 2021

The appraisal of China's real estate development enterprises has been carried out for 13 years. The appraisal results have become an important basis for the overall evaluation of the comprehensive strength and industrial position of real estate development enterprises, and constituted the authoritative, objective, professional and most influential industrial research system and enterprise evaluation standards for China's real estate. Enterprises' comprehensive strengths were evaluated from eight major aspects, namely the company scale, risk management, profitability, growth potential, operation results, innovation ability, product quality and social responsibilities. Through objective, fair, professional and scientific evaluation and research, China's top 500 real estate list for the year 2021 was produced.

Times China Attains Surprising Business Results in 2020 and Embarks on a New Journey with Prudent Development

The year 2020 was full of challenges. Despite the global pandemic, Times China still attained growth in its business results against negative trends. According to the unaudited annual operating data released by Times China on January 4, 2021, the group recorded cumulative contract sales (including joint projects) of RMB100,381 million approximately and contracted floor area of approximately 6,731,000 square meters. Meanwhile, in 2020 the international credit-range institutions Fitch and Moody's preserved the credit rating of Times China at "BB-" and "Ba3,” respectively, each of which was characterized as "stable."

Digital transformation is inseparable from development. Therefore, with the leadership of Board Chairman Shum Chiu Hung, the group established the Corporate Digital Transformation Committee early in 2018. With digital transformation as a corporate strategy, Times China was determined to improve its comprehensive competitiveness through digital transformation. After three years' vigorous promotion, remarkable achievements were attained in the process of corporate digital transformation. Times China achieved automatic business circulation, machine-based business operation, smart analysis and decision-making. Technological refinements helped promote greater efficiency in corporate management.

Last year, Times China initiated firm measures for strategic planning. In addition to in-depth development in the Guangdong-Hong Kong-Macao Greater Bay Area, Times China extended its presence in the Yangtze River Delta, the middle reaches of the Yangtze River, the Chengdu-Chongqing urban cluster and other high-growth regions to facilitate sustainable development. Sufficient land reserves and expert planning will help the group ensure stable development on the journey toward even greater success.