The development course of the wharf

Wharf Group Co., Ltd. (stock code: 0004) was established on 1886. The strength of the Group is strong, with total consolidated assets of HK$ 334.3 billion, with the strategic focus on developing real estate and infrastructure business in China Mainland and Hong Kong. The Group is a subsidiary of Huidefeng Limited (stock code: 20).

Wharf/KLOC-For 0/25 years, we have persisted in the vision of creating tomorrow for enterprise development. In 20 10, the group set a financial performance record. In addition to the development based on Hong Kong in the past, Wharf continued to actively expand its assets in China with the concept of creating tomorrow, including the purchase of 65.438+0.24 million square meters of land reserve, a series of hotel properties to be completed soon, and a particularly valuable Wharf costing more than 65 billion yuan. At present, the Group's business assets in China account for 39% of the total business assets of the Group, and the medium-term target is 50%, including increasing the land reserve to 654.38+0500 square meters. Wharf takes real estate development as its strategic focus and devotes itself to land acquisition, financing, project development, design, construction and marketing. The group's excellent shopping mall management is the pride of its peers.

Harbour City and Times Square, two landmark properties, are the backbone real estate projects of Wharf in Hong Kong, accounting for 47% of the Group's total operating assets and 64% of its operating profits. Since 2003, the rental income of the two stores has recorded compound annual growth of 12% and 9% respectively, and the comprehensive valuation is close to120 billion Hong Kong dollars. Thanks to customer support and cluster effect, the retail business of the two stores performed well, accounting for 8.3% of the total retail sales in Hong Kong in the first half of 201/kloc-0.

Mainland real estate development is a new driving force for the Group's growth. The Group is optimistic about the tone of the mainland real estate market, and sustained and rapid urbanization will stimulate the market demand for property quantity and quality. At present, the land reserve in the mainland is about 6.5438+0.24 million square meters, of which investment properties exceed 2 million square meters and real estate development projects exceed 6.5438+0 million square meters, distributed in 6.5438+0.3 cities. The group's investment properties in the mainland are creating a new tomorrow, and its scale and importance will be comparable to that of Harbour City and Times Square in Hong Kong. The scale of the Group's investment properties in Shanghai is comparable to that in Hong Kong's Times Square, while the five international financial center projects in Changsha, Chengdu, Chongqing, Suzhou and Wuxi are all based on Harbour City.

In terms of real estate development, the sales and pre-sale income in 20 10 is close to 9 billion yuan. 20 1 1 The unconfirmed sales at the beginning of the year exceeded 8 billion yuan, and increased to 149 billion yuan at the end of June. 20 10 confirmed that the sales slightly exceeded 3 billion yuan (gross profit margin exceeded 34%). The Group owns or manages ten Kyle Polo hotels in the Asia-Pacific region, mainly located in the mainland of China. In addition, a number of new hotels will be opened from 20 12. 20 1 1 In March, Marco Polo Ro Hotel was selected as the best international hotel management group in China by China Hotel Star for its service commitment and quality.

At present, the Group's domestic assets also include several key terminals located along the coast of China, and the coast of China is the most dynamic coastline for global freight transportation in the coming decades. Wharf's concept of creating tomorrow also extends to corporate social responsibility and is committed to implementing and fulfilling the sustainable development of social enterprises. Through the encouragement banner of social organizations and enterprises, the Group will strengthen cooperation with all walks of life, strive to build a better tomorrow for Hong Kong, actively promote the voluntary work of employees, promote the sustainable development of society, and create different future contributions for society and the next generation.

In 20 10, Wharf's outstanding performance was awarded the Global Chinese Businessman1000-Best Enterprise Award by Asia Weekly. In addition, Wharf was awarded the caring logo by the Council of Social Service in recognition of its contribution as a good corporate citizen.