仁恒置地集团有限公司2009年度报告

1、仁恒置地集团有限公司2009年度报告ANNUAL REPORT 年度报告 / 2009YANLORD LAND GROUP L IMITED仁恒置地集团有限公司Shanghai Yanlord Riverside CItyCONTENTS31 Development Schedule Summary34 Our Project Showcase42 Board Of Directors46 Key Management30 Financial Highlights12 Operations Review26 Operational Highlights20 业务回顾01 About Yanlo

2、rd / Mission Statement04 Chairmans Statement08 主席致词Shanghai Yanlord Riverside CIty YANLORD LAND GROUP LIMITED AnnuAl RepoRT 2009Managing with benevolence and integrity, achieving perpetuity through perseveranceMISSION STATEMENTYanlord develops high quality properties that distinguish themselves amid

3、st the localities that they are in. Properties developed by our company are characterised by outstanding architectural design and quality construction. With a track record in developments located at prime locations, our brand name, just like the properties we build, is an icon in itself.ABOuT YANlOR

4、D01With an established track record for excellence, we continue to set our sights on developing internationally recognized developments that surpass customer expectations.Clear VisionNanjing Yanlord Yangtze Riverbay Townfinancial crisis. In 2009, the positive business sentiments further complimented

5、 our successful business strategies propelling our full year performance to a record high. Driven by the strong market demand and continued support from customers for the Groups quality developments in the pRC, the Group has achieved combined recognized revenue in FY2009 and pre-contracted sales as

6、at 31 December 2009 of S$2.8 billion. Bolstered by significant growth in gross floor area (“GFA”) delivered and higher average selling price (“ASp”) per square metre (“sqm”) achieved, revenue for the year surged 58.8% to S$1.6 billion in FY2009 from S$1.0 billion in FY2008. underlined by this signif

7、icant revenue growth, profit for the year and profit attributable to equity holders of the Company rose to S$435.6 million and S$325.4 million respectively.Reflecting the continued market support for Yanlords high-end fully fitted apartments, the Groups key development, Yanlord Riverside City in Sha

8、nghai, topped the Shanghai single project sales chart in the “Top Real estate Development Sales listings of 2009 in 10 Major Cities” survey jointly released by the China Real estate Information Corporation, Shanghai e-House Real estate Research Institute and China Real estate Appraisal on 11 January

9、 2010, for the third consecutive year. Similarly, the Groups latest development, Yanlord Yangtze Riverbay Town (formerly known as Yanlord Yangtze Riverside City) in nanjing clinched the top honours on the nanjing 2009 single project sales chart while the Groups Tianjin Yanlord Riverside plaza which

10、was launched in August 2009, was ranked within the Top 10 development sales for Tianjin.Dear Shareholders It is with great pleasure that I present to you Yanlord land Group limiteds (“Yanlord” and together with its subsidiaries, the “Group”) annual report for the financial year ended 31 December 200

11、9 (“FY2009”).2009 was a significant year of opportunities and change as global leaders actively rolled out stimulus packages to avert a potential economic meltdown arising from the financial crisis of 2008. While full recovery of the global economy remains on the horizon, the strong recovery of the

12、pRC economy following the key stimulus packages introduced by the pRC central government has served to pave the way for a full fledged recovery of the global economic health. Driven by strong incentives from the central government including relaxation of credit policies and tax incentives targeted a

13、t boosting home ownership and domestic consumption, the pRC real estate sector witnessed a significant and sustained rebound in trade volumes and contracted prices. Building on our management teams keen understanding of market trends and core competitive advantages, Yanlord has risen beyond the wave

14、 of positive market sentiments to report yet another year of exceptional growth.Achievements and Highlights for the Year Stellar Performance in Traditional SegmentsDevelopment of large-scale international residential projects remains the core of Yanlords traditional business segments. leveraging on

15、our competitive advantages, we were able to buck market trends in 2008 to post a year of stable growth despite the 2009 marks another stellarperformance for Yanlord.Our 58.8% increase in revenue attest to the Groups position as a leading developer in the PRC.04CHAIRMANS STATEMENTYANLORD LAND GROUP L

16、IMITED AnnuAl RepoRT 2009CHAIRMANS STATEMENTMR. ZHONG SHENG JIANCHAIRMAn AnD Ceo钟声坚 先生 集团董事局主席兼总裁pRoFIT ATTRIBuTABle To eQuITY HolDeRSoF THe CoMpAnYJuMpS0544.1% To s$325.4MIllIon YANLORD LAND GROUP LIMITED AnnuAl RepoRT 2009The Groups investment property portfolio is expected to generate stable rent

17、al income from 2010In addition to the development and sale of high-end residential projects, the Group has initiated the strategic creation of a sizable investment property portfolio for recurring rental income. Building on our earlier successes with hospitality services in Nanjing Frasers Suites, w

18、e have actively sought strategic partners such as Frasers Hospitality to manage and promote our serviced residences and hotels. To futher enhance the stable development of our retail investment properties, we have signed key tenancy agreements with many global retailers including Lotte Group, LVMH a

19、nd the Richemont Group.2010 will mark a significant year of development for our investment property portfolio segment and represents a culmination of our efforts as yet another project, Chengdu Yanlord Landmark opens its doors. With a total GFA of approximately 165,000 sqm, the fully integrated Yanl

20、ord Landmark will feature a high-end retail mall offering internationally renowned brands such as Christian Dior, Hugo Boss, Louis Vuitton and Prada. With the official opening slated in the later part of 2010, Yanlord Landmark is expected to contribute positively to the Groups future rental income s

21、treams.Shareholders would also be pleased to note that construction of the retail mall at the Tianjin Yanlord Riverside Plaza is nearing completion. With the progressive completion of our key investment properties across the PRC, I am confident that contributions from our investment property portfol

22、io will record a steady growth and become a stable revenue income stream that will complement our other key business segments.Strategic initiative to extend business modelIn 2009, the Group initiated a strategic breakthrough in its traditional business model. Building on our extensive track record f

23、or developing large-scale international residential developments, Yanlord extended its presence into the primary land development and management of urban townships. Under the auspices of the Singapore Ministry for Trade and Industry as well as the Jiangsu provincial government, the Group had in May

24、2009, led a consortium of key Singapore enterprises which included, Sembcorp Industrial Parks Ltd. and Surbana Land Pte. Ltd. to enter into a collaborative agreement with a Nanjing government owned enterprise to jointly engage in the primary development of the 15.0 square kilometers, Sino-Singapore

25、Nanjing Eco High-Tech Island in Nanjing, PRC. A key initiative under the Singapore-Jiangsu Cooperation Council, the Sino-Singapore Nanjing Eco High-Tech Island seeks to further deepen the ties between the two countries and is based on a shared vision to amalgamate the continued quest for technologic

26、al development and an efficient use of our natural resources. In addition to the above, Yanlord entered into a memorandum of understanding with the Tangshan Nanhu Eco-City Administrative Committee to explore joint investment and development of a high-end residential development within the Nanhu Eco-

27、City through its joint venture company with HB Investments (China) Pte. Ltd., Yanlord Ho Bee Investments Pte. Ltd. Building on these new initiatives, we hope to develop new growth drivers that will further enhance Yanlords long-term development. Sustained growth of landbank to lay foundation for fut

28、ure developmentThe accumulation of prime development land parcels at economically viable valuations remains a key function to the sustained development of the Group. In 2009, strong demand in the real estate sector drove prices of new land tenders to record highs as developers actively sought opport

29、unities to further enhance their holdings. Adopting a prudent and calculated approach to land acquisition, we conducted comprehensive feasibility studies on various opportunities. I am pleased to report that in 2009 and early 2010, Yanlord has successfully completed four new land acquisitions throug

30、h public tenders.In September 2009, we completed the strategic acquisition of four prime residential development sites with a total planned GFA of approximately 162,074 sqm in Waigaoqiao District, Pudong, Shanghai. Sited next to an earlier land parcel which we acquired in 2008, these two acquisition

31、s with a combined GFA of approximately 320,000 sqm will provide the Group with greater scalability in the development of a large-scale international residential project. In December 2009, the Group successfully extended its presence in Chengdu through the acquisition of a prime 390,658 sqm GFA land

32、parcel. CHAIRMANS STATEMENT10 YANLORD LAND GROUP LIMITED AnnuAl RepoRT 200906Subsequent to the end of 2009, the Group, in January 2010, successfully acquired a prime development site in Sanya, Hainan. Sited along the picturesque Hai Tang Bay, this new site offers an unobstructed seafront and will be

33、 developed into serviced residences and a five-star hotel which will contribute positively to the development of the Groups investment property portfolio. In February 2010, the Group further enhanced its presence in Shanghai with the successful acquisition of a prime residential site in Qingpu Distr

34、ict, Shanghai. Sited in close proximity to the Hongqiao business district, the area has been earmarked by the Shanghai municipal government to be part of the Greater Hongqiao commercial area initiative and presents a unique opportunity for investment in large-scale high quality residential developme

35、nts amidst the growing scarcity of sizable prime residential development sites within Shanghais city centre. Business OutlookDespite volatilities in the global economy and uncertainties in the PRC governments credit policies, the Group remains confident about the long term potential of the PRC real

36、estate sector. With the growing maturity and sophistication of PRC home owners, the real challenge for any real estate developer will be the ability to satisfy the changing demands of its clients. Adhering to our corporate philosophy of “developing land with devotion and building quality homes with

37、passion”, we will increase our focus on research and development as well as process enhancements to ensure that the quality of our developments will continue to exceed the demands of our discerning customers and further enhance our position as a leading developer within the PRC high quality real est

38、ate sector.Capitalising on our experienced and dedicated management team, robust landbank holdings and core competencies in the development of quality residential apartments in prime locations within high growth PRC cities, we will continue to seek out new opportunities to further enhance our market

39、 presence thereby ensuring the sustained development of our core business segments and our future financial performance.AppreciationThe Groups stellar performance would not be possible without the support of our loyal shareholders. In appreciation for your trust and support, the Board of Directors h

40、as proposed a first and final dividend of 1.68 Singapore cents per share. Building on the momentum we achieved in FY2009, we will continue to utilise our competitive edge to extend our foothold in the PRC property sector and further enhance shareholder value.07Tianjing Yanlord Riverside Plaza YANLOR

41、D LAND GROUP LIMITED AnnuAl RepoRT 2009尊敬的各位股东： 2009年是世界金融危机发生之后,各国政府普遍采取刺激政策,以挽救和复苏经济的关键一年。虽然世界经济的整体复苏还有待时日，但中国经济凭借庞大的国内市场与强劲的政府推动率先从世界金融危机中复苏，其中房地产业的复苏最为迅速。在信贷、税务、产业等政策的强劲刺激下，地产业在一年之内经历由低谷向高峰的演变。在宏观和市场形势趋好的大背景下，仁恒自然也获得了更加骄人的业绩。在此，本人将集团2009年的经营业绩向各位股东作一简要汇报。一、成绩与评估： 传统业绩创历史新高开发成片国际社区是仁恒的传统业务，也是占比最大

42、的业务部分。2008年即使在市场形势不太好的情况下，仁恒仍然取得了比较突出的销售业绩，在形势大好的2009年，传统业务当然更上一层楼。集团销售面积、平均售价与利润水平等诸项指标均创历史新高，集团2009年营业收入加上截止2009年底的预售合同金额达到新币28亿元。全年营业收入接近新币16亿元，同比2008年增长58.8%，达到上市以来最高水平。在此基础上，集团全年净利润为新币4.36亿元，公司股东权益的净利润达到新币3.25亿元，亦创下历史新高。2009年集团分布在中国各城市的在售楼盘销售价格全面提升。2010年1月11日，中国房产信息集团、上海易居房地产研究院、中国房地产测评中心发布统计数据

43、显示，上海仁恒河滨城连续第三年成为上海房产项目销售冠军；南京仁恒江湾城成为南京市房产项目2009年度销售冠军；同样喜人的是，集团在华北的首个项目天津仁恒海河广场於2009年8月起售，销售不足半年便跻身天津市房产项目销售十强。仁恒的物业产品在各地都得到了消费者的追捧。投资商业性物业逐渐崛起，2010年起将为集团贡献稳定租金收入除了开发国际社区和销售住宅性楼盘外，发展投资商业类物业，创造稳定租金收入是集团长期发展战略的重要组成。为此，集团已开始商业性物业的开发和经营，2010年是仁恒投资类物业发展的重要一年。到目前为止，集团已有的各类投资物业均有较高的出租率。为实现投资类物业长期稳定的发展，集团已

44、经与辉盛酒店管理集团建立了委托管理的合作关系, 同时也引进了国际知名企业LVMH集团、历峰集团、及乐天集团旗下的多个世界一流品牌。集团位于成都的仁恒置地广场在2010年内将全面投入使用，该项目建筑面积约16.5万平方米，包括零售商场，将成为中国西部首屈一指的综合性商业建筑，并开始为集团贡献稳定租金收益。与此同时，集团位于天津的购物中心建设已进入竣工阶段。未来数年，随着上述项目竣工并投入使用，集团的物业出租收入将更加稳健，仁恒的品牌价值也将有极大的提升。发展模式取得战略性跨越，仁恒站上了新的制高点2009年，仁恒在发展模式上取得了战略性的突破，我们迈出了从营造国际社区到推动大型城区开发的实质性步

45、伐。在新加坡贸工部和中国江苏省政府的全力支持下，2009年5月，集团牵头盛邦置业私人有限公司、胜科工业园有限公司与中国江苏省南京市有关国有企业组成合资公司，共同从事南京市江心洲15平方公里的一级土地开发。该项目规模大，定位高，是新加坡-江苏合作理事会框架下的重要合作项目。 2009年10月15日 集团联合新加坡和美集团与河北省唐山南湖生态城管理委员会签署“唐山-新加坡生态城战略合作框架协议”。凭借新的发展模式，仁恒将实现自我提升。土地储备稳步扩张，为可持续发展奠定了坚实的基础2009年中国土地市场炙手可热，成交均价屡创新高。集团遵循审慎原则，在缜密分析的基础上，于2009年及2010年初，共完

46、成4次土地竞购。其中2009年9月在上海浦东购入森兰外高桥地块，建筑面积超过16.2万平方米，与2008年购入的地块合并后总建筑面积达到32万平方米，具备建设大规模国际化社区的良好条件；2009年12月，集团在成都摘取优质地块，可开发面积为39.1万平方米；2010年1月，集团购得海南省三亚市海棠湾地块，于海南国际旅游度假岛开发启动之年完成布局；2010年2月，集团在上海竞得了紧邻虹桥商务区的徐泾镇地块，仁恒在上海的发展有了更大的空间。二、未来打算和展望随着中国经济的发展和高端客户的日益壮大，仁恒的潜在客户也不断增加。面对多变的政策及市场环境，我们将把持一贯的运作方针,着重于优质楼盘的开发来促

47、进我们核心业务的持续发展,并满足我们客户的需求。仁恒是一家跨区域、跨城市、跨业态开发经营的企业，历经多次市场起伏，我们建立了一支优秀的管理团队，并以”善待土地、用心造好房”作为自己持续追求的目标和不懈奋斗的动力。虽然中国房地产业近期由于宏观调控的影响,出现不稳定因素,但我们仍然看好中国房地产业的长远发展。我们将继续产品的研发,精益求精，继续超越消费者日益增加的要求。同时我们也会利用我们优秀的管理团队，优质的土地储备，开发优质产品的核心竞争能力，以及良好的物业服务管理，持续增加我们的市场占有率，把集团未来的发展带向另一高峰。三、致谢仁恒能有今天的成绩，是股东们关心和支持的结果。在此，我向广大股东

48、致以崇高的敬意和衷心的感谢。为了答谢诸位对集团的支持，集团董事局建议派发新币1.68仙为每股的首次及末期股息。感谢大家对我的信任，对管理层的信任。我和我的团队会更加努力，以股东的长期利益为准绳，严格管理和要求，做出更好的成绩回报所有股东。主席致辞08 YANLORD LAND GROUP LIMITED AnnuAl RepoRT 2009 YANLORD LAND GROUP LIMITED AnnuAl RepoRT 2009公司股东权益净利润上涨 44.1%达新币 3.25 亿元Nanjing Yanlord International Apartments Tower B09We co

49、ntinue to develop prime residential and commercial projects. Underscored by our key strategy to develop a robust investment portfolio, we successfully broke ground at Zhuhai Yanlord Marina Centre and launched Phase 1 of our Tianjin Yanlord Riverside Plaza in 2009Building LandmarksTianjing Yanlord Ri

50、verside PlazaBuilding on key strengths such as an in-depth understanding of the PRC real estate industry, strong brand equity and an integrated product chain, we have stayed at the forefront of the PRC recovery cycle and reaped the benefits of the strong domestic economic growth. Reflecting this str

51、ong performance, the Groups recognised revenue in FY2009 coupled with pre-contracted sales achieved as at 31 December 2009 totaled S$2.8 billion.Bolstered by significant growth of 33.5% in GFA delivered and 13.7% in ASP per sqm achieved to 381,597 sqm and RMB19,658 per sqm respectively, revenue for

52、the year surged 58.8% to approximately S$1.6 billion in FY2009 from S$1.0 billion in FY2008. As of 31 December 2009, the Groups total pre-contracted sales amounted to approximately S$1.2 billion. Total pre-contracted sales included S$1.0 billion of advances received and the balance in pre-sale proce

53、eds that will be collected in subsequent financial periods. In line with the increase in revenue, gross profit and profit attributable to equity holders of the Company grew 59.6% and 44.1% to S$893.0 million and S$325.4 million in FY2009 respectively. Gross and profit for the year margins in FY2009

54、for the period were 55.8% and 27.2%, respectively.Reflecting the continued support for Yanlords high quality fully fitted apartments, basic earnings per share (“EPS”) rose 39.5% to 17.23 Singapore cents in FY2009, while EPS on a fully diluted basis rose 38.8% to 16.18 Singapore cents. 10Our successful business strategies coupled with an experienced and dedicated management team contributed to our stellar performance in 2009OPERATIONS REvIEW12Nanjing Yanlord Yangtze Riverbay TownYANLORD LAND GROUP LIMITED AnnuAl RepoRT 2009Sale of PropertyThe stellar performance in FY2009 was d