About GEMDALE PPT Company

Established in 2013, Jindi Commercial Property Group Co., Ltd. is a Hong Kong listed company (00535.HK) and a member company of the Jindi Group. Jindi Commercial Investment integrates comprehensive real estate development and asset management platforms. Through the development, sales, investment management and service operation of diverse properties such as commercial center complexes, industrial parks, boutique residences, long-term rental apartments, and star hotels, Jindi Commercial Real Estate provides integrated space and services for enterprises and individuals, refines urban value, promotes urban value addition, and strives to become a city value integrator. The forward-looking strategic layout of Jindi Commercial Property focuses on the development of China's core urban agglomeration. By the end of 2019, the land reserve was about 15.26 million square meters, and about 20% were located in first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen. The most promising urban agglomeration in China lays out 25 core cities and invests in the development and operation of 106 projects; 14 projects in the US are distributed in 7 gateway cities on the east and west coasts. The high-quality urban layout and land resources have laid a good foundation for the company's subsequent development. Jindi Commercial Real Estate is committed to pursuing qualitative scale growth. Contract sales in 2019 reached a record high of 63.66 billion yuan, a sharp increase of 30% over 2018; the total cumulative contract sales area in 2019 was 3.137,500 square meters, with an average sales price of 20,300 yuan/㎡ per square meter; annual revenue reached 11.7 billion yuan, up 65% over the previous year; and total assets reached 63.17 billion yuan, an increase of 22% over the previous year. The net debt ratio was only 26%, far below the industry average; furthermore, profit attributable to shareholders reached 3.8 billion yuan, a sharp increase of 69% over the previous year. In 2019, Jindi's commercial property investment and management fee revenue reached 671 million yuan, a significant increase of 32% over 2018. Through trading various commercial projects such as Beijing Jindi Plaza, Xi'an Jindi Plaza, Hangzhou Jindi Plaza, Wuhan Jindi Plaza, and Jiuting Jindi Plaza in Shanghai, the company's ability in various fields such as commercial research, investment, and operation has been recognized by the market. Jindi Commercial Property has a number of commercial projects in China. The property pattern covers super-high-rise office buildings, large malls, star hotels, urban apartments, etc., and continues to develop and innovate through strategic mergers and acquisitions, asset securitization, etc., and is steadily moving towards the strategic vision of a “high-quality global asset management platform and a valuable comprehensive real estate development enterprise” with its core competitiveness for the future.