01996 RSUN PPTWatchlist
About RSUN PPT Company
Hongyang Real Estate is a leading integrated real estate developer in Jiangsu Province, China, focusing on residential property development and the development, operation and management of commercial and mixed-use properties. By taking root in Nanjing, deeply cultivating Jiangsu, and laying out the Yangtze River Delta, Hongyang Real Estate has established a solid regional leading position in Jiangsu Province. Since Nanjing Red Sun was incorporated and established in 1999, Hongyang Real Estate has been working in the field of real estate development and sales for nearly 20 years, successfully establishing the “Hongyang” brand, and its development strength and industry position have been widely recognized. Hongyang Real Estate mainly operates in the Yangtze River Delta region, which is one of the most economically prosperous and active regions in China. Hongyang Real Estate's business operations include three main business segments: real estate development and sales; commercial property investment and management; and hotel business. From January 1, 2015 to March 31, 2018, Hongyang Real Estate has developed a number of property portfolios, including 25 completed projects, 50 projects under development, and 18 projects for future development. Revenue from real estate development and sales for the year ending December 31, 2015, 2016, and December 31, 2017 was RMB 5,124.2 million, RMB 8,549.0 million, and RMB 5,938.4 million respectively, accounting for 95.3%, 97.4% and 96.7% of total revenue for the same period, respectively. Hongyang Real Estate owns and operates most of the commercial properties that have been developed. These commercial properties mainly include Hongyang Plaza in Nanjing and a number of other retail spaces supporting Hongyang Real Estate residential properties. Hongyang Real Estate holds such commercial properties for long-term investment and capital appreciation purposes, and leases such commercial properties to generate rental income. In addition, Hongyang Real Estate charges space usage fees and advertising space usage fees from specific tenants. Revenue from commercial property investments and operations for the years ending December 31, 2015, 2016, and 2017/31 was RMB 226.7 million, RMB 193.1 million, and RMB 166.4 million, respectively. Hongyang Real Estate also operates the Nanjing Hongyang Hotel in Jiangsu Province and the Rockefield Hotel in Wuxi City, Jiangsu Province. Revenue generated by Hongyang Hotel's business was RMB 25.9 million, RMB 33.4 million, and RMB 34.9 million for the years ending December 31, 2017, respectively in 2015, 2016, and December 31, 2017.
Redsun Properties Logs 1.2 Billion Yuan in October Contracted Sales
Redsun Properties Group (HKG:1996) saw contracted sales of around 1.2 billion yuan in October, with a sales area of 87,155 square meters. The property company's average selling price stood at 13,786 y
The cumulative contract sales amount of Hongyang Real Estate in the first 10 months was 20105 billion yuan, down 37.6% year on year
Hongyang Real Estate (01996) announced that the Group's contract sales amount for October 2023 was RMB 1,202 billion, a year-on-year decrease of 67.6%; the sales area was 87,200 square meters; and the average sales price was RMB 13,786 per square meter. From January to October 2023, the Group achieved a cumulative contract sales amount of RMB 20105 billion, a year-on-year decrease of 37.6%; the cumulative sales area was 1,442 million square meters; and the average sales price was RMB 13,942 per square meter.
Hongyang Real Estate's contract sales amount for the first nine months was 18.903 billion yuan, down 33.7% year-on-year
Hongyang Real Estate (01996) announced that the contract sales amount of the company, subsidiaries and associated companies (groups) for September 2023 was RMB 1,990 million, a year-on-year decrease of 41.5%; the sales area was 135,500 square meters; and the average sales price was RMB 14,685 per square meter. From January to September 2023, the Group achieved a cumulative contract sales amount of RMB 18.903 billion, a year-on-year decrease of 33.7%; a cumulative sales area of 1,354,900 square meters; and an average sales price of RMB 13,952 per square meter.