2021.05.25

Hang Seng Indexes Company Limited recently released the quarter index discussion results of Hang Seng indexes as of March 31, 2021. In those results, it was announced that Times China (stock code: 01233.HK) was included in the Hang Seng High Dividend Yield Index (HSHDYI) and the Hang Seng China High Dividend Yield Index (HSCHDY), reflecting its continued market recognition.

Times China (01233.HK) was listed on the Hong Kong Stock Exchange in 2013, after which it was included in the Hang Seng Composite LargeCap & MidCap Index, the Hang Seng Stock Connect Hong Kong Index and the Hang Seng Stock Connect Greater Bay Area Composite Index. The Group has, in recent years, successfully maintained its practice of prudent development. In 2020, its contracted sales volume reached RMB100.38 billion, representing a year-on-year increase of 28.1%. It was the first time that Times China recorded more than RMB100 billion in contracted sales. Since the listing, Times China has consistently rewarded its investors, distributing more than RMB6.4 billion in dividends to maintain a dividend distribution ratio equivalent to 30% of the core net profit for five straight years.

The inclusion in the HSHDYI and the HSCHDY heralds the market's recognition of Times China and its returns, which are indicative of investor confidence and the Group’s rising investment value. Accordingly, Times China will bolster its competitive advantages in urban renewal while ensuring the steady growth of the residential development business, in addition to which it will develop business and industry parks. Moreover, it will strive to maintain sound growth; strike a balance between growth, benefit and risk; and constantly improve its core enterprise competitiveness and sustainable development so as to create larger returns to the shareholders.

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The Hang Seng High Dividend Yield Index is used to measure the overall performance of stocks listed on the HKEX with high dividend yields, and select 50 stocks or real estate investment trust funds with the highest net dividend yield.

The Hang Seng China High Dividend Yield Index mirrors the overall performance of HKEX-listed domestic companies having high dividend yields (excluding companies from the casino, gaming and tobacco industries). For the index, 50 domestic stocks showing the highest dividend yields are selected from relatively large SEHK-listed companies in qualifying industries. The stocks should have relatively small value fluctuations and must have recorded dividend distribution in each of the previous three financial years.