Chinese property developers see net profits decline in 2019
Xinhua | Updated: 2020-03-30 16:12
BEIJING - Chinese real estate companies listed on the A-share market and Hong Kong securities market saw their total net profits decline in 2019, according to data from financial information provider Wind Info.
As of Sunday, 167 Chinese real estate companies listed on the A-share market and Hong Kong securities market had released their 2019 annual reports with their total net profits declining 7.56 percent year-on-year.
Among them, A-share-listed real estate firms registered generally better performance than their Hong Kong-listed counterparts.
Total net profits attributable to shareholders of the 130 Hong Kong-listed property developers shrank 12.46 percent to 486.6 billion yuan ($68.6 billion), while that of the 37 A-share-listed companies gained 17.92 percent to 126.3 billion yuan.
The total operating revenue of these 167 companies rose 22.77 percent to 4.26 trillion yuan in 2019, according to Wind Info.
Related Stories
Editor's Pick
