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2015 Annual Financial Statements of Oceanwide Holdings Released Indicating a Surge in Operating Income from Financial Business by 70%
Datetime:2016-03-31
On the evening of March 30, 2015 annual financial statement of Oceanwide Holdings was released. Dueto the good performance in the real estate and financial business, the total operating income of Oceanwide Holdings reached 12.67 billion Yuan in 2015 witha year-on-year growth of 66.4%, and the net profits attributable toshareholders of the listed company were 2.02 billion Yuan with a year-on-year growth of 29.73%.
In 2015, Oceanwide Holdings clearly raised the development objective to “build an industry-basedand finance-centered international enterprise group integrating industry andfinance via the platform of Internet” on the basis of the preliminary strategic transformation, enhancing industrial plates by consolidating foundation and expediting the value release, promoting the financial plate by expediting the layout and enhancing the utilization efficiency of core capital, and makingwide and deep strategic transformation.
In 2015, Oceanwide Holdings realized good performance in the real estate and financial business. Accordingto the annual statements, by the end of 2015, the total assets of Oceanwide Holdings reached 118.356 billion Yuan with a year-on-year growth of 65.95%; thenet assets reached 10.288 billion Yuan with a year-on-year growth of 9.38%.
Under the background of recovery of the real estate market, Oceanwide Holdings expedited the releaseof stock land value, achieved 15 billion Yuan (including whole sale project) inannual sales amount from contract signing, and realized an operating incomearound 9.418 billion Yuan with a year-on-year growth of 55.69%, accounting for74.33% of the total operating income.
Oceanwide Holdings realized a high income from the real estate business due to the projects in Beijing and Wuhan. Among them, Beijing Oceanwide International Residential District ranked the top in terms of annual transaction volume of residential projects in Beijing with a transaction volume of 4.923 billion Yuan, and Wuhan CBD Project ranked the first in the single building sales of residential buildings and office buildings in Wuhan with a sales volume of 6.6 billion Yuan.
The operating income from financial business of Oceanwide Holdings during the report period wasmainly from Minsheng Securities, and the securities trade realized an annual operating income of 3.029 billion Yuan and a net profit of 1.215 billion Yuan(caliber of consolidation) with a respective year-on-year growth of 93.40% and 199.45%.
Meanwhile, Oceanwide Holdings devoted to international development strategy also expanded theoverseas capital and industrial platform. In the same period, the investmentand financing platform of Oceanwide Holdings in Hong Kong-China Oceanwide Holdings successfully rationed 1.793 billion new shares, raising funds totaling HKD 1.723 billion; in terms of overseas real estate and energy business, Los Angeles Oceanwide Square, San Francisco Oceanwide Center Project, Indonesia Medan Power Plant, etc. were also conducted step by step.
Oceanwide Holdingsmade an announcement that, “full financial license” was the core concept of thecompany to develop financial business and expand financial layout. During thereport period, Oceanwide Holdings achieved rapid development in securitiesbusiness, realized breakthroughs in the insurance industry layout, solidly promoted the trust, fund and futures business, expedited the construction ofthe Internet financial platform, continuously enriched the financial license,gradually increased the proportion of the assets of the financial plate, anddeepened the transformation into a financial holding platform.
In 2015, Oceanwide Holdings formed the layout in the insurance plate. Its acquisition of Asia-Pacific Property & Casualty Insurance (formerly known as Min’an Property and Casualty Insurance) obtained the approval of CIRC, and it also participated inthe initiation of Asia-Pacific Reinsurance and Asia-Pacific Internet LifeInsurance. Meanwhile, Oceanwide Holdings further increased the capital fund of Minsheng Securities to 4.581 billion Yuan with its self-owned fund, and the shareholding proportion to Minsheng Securities was increased to 87.645%; Oceanwid Holdings also announced its large capital increase plan of Asia-Pacific Property & Casualty Insurance and the “purchase + capital increase” plan of Minsheng Trust at the beginning of 2016.
Considering the consolidation and development of Asia-Pacific insurance business of Oceanwide Holdings, and the business development of Minsheng Trust and consolidation factors, the operating income and profits from the financial business of Oceanwide Holdings will be on continuous rise in the future.
Oceanwide Holdings announced that, the company would continuously optimize the development strategy, consolidate the industrial base represented by real estate and power,expedite the release of relevant project value, continuously strengthen the financial plates and focus on the enhancement of operation efficiency, expeditethe overseas business layout and implementation of key projects, fasten theInternet platform construction and rapidly integrate internal and external resources on such basis, further strengthen the major business plates, i.e.finance, real estate, power and strategic investment, and domestic and international market, and realize further development of the company in 2016,under the guidance of existing strategic development goals, in combination withthe new normal of economic development.