Trade Longfor Properties Co. Ltd. - 0960 CFD

Longfor Properties Company profile

About Longfor Group Holdings Ltd

Longfor Group Holdings Limited, formerly Longfor Properties Co. Ltd., is a Hong Kong-based investment holding company principally engaged in property businesses. The Company operates through three segments. Property Development segment is engaged in the development and sales of office buildings, commercial properties, residential properties and car parks in China. Property Investment segment is engaged in the leasing of investment properties developed by the Company to generate rental income and to gain from appreciation in the properties’ values. Its property portfolio mainly includes retail properties in China, such as Chongqing North Paradise Walk, Chengdu Three Thousand Mall and Beijing Changying Paradise Walk, among others. Property Management and Related Services segment is mainly engaged in the provision of property management services in China. The Company operates businesses in Beijing, Chengdu, Chongqing, Dalian, Hangzhou and Shanghai, among others.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Longfor Group Holdings Ltd revenues increased 21% to RMB223.38B. Net income increased 19% to RMB23.85B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by Administrative expenses increase of 48% to RMB10.82B (expense), Selling and marketing expenses increase of 9% to RMB5.46B (expense).