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 Jindi Group. Jindi Commercial Investment integrates comprehensive real estate development and asset management platforms. Through the development and sale, investment management and service operation of diverse properties such as commercial center complexes, industrial parks, boutique residences, long-term rental apartments, and star hotels, it provides enterprises and individuals with integrated space and services, enhances urban value, promotes urban value addition, and strives to become an urban value integrator. Jindi Commercial Development's forward-looking strategic layout focuses on the development of China's core urban agglomeration. By the end of 2019, the land reserves were 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, with a layout of 25 core cities, investment and development of 106 projects under construction and operation; 14 projects in the US are distributed across 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 is committed to pursuing qualitative scale growth. Contract sales in 2019 reached a record high of 63.66 billion yuan, a significant increase of 30% over 2018; the total cumulative contract sales area in 2019 was 3.1375 million square meters, with an average sales price of 20,300 yuan/㎡; annual revenue reached 11.7 billion yuan, up 65% year on year; total assets reached 63.17 billion yuan, up 22% year on year. The net debt ratio is only 26%, far below the industry average; in addition, 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 0.671 billion yuan, a significant increase of 32% over 2018. Through handling various commercial projects such as Beijing Jindi Plaza, Xi'an Jindi Plaza, Hangzhou Jindi Plaza, Wuhan Jindi Plaza, and Shanghai Jiuting Jindi Plaza, the company's ability in various aspects of commercial research, investment and operation has been recognized by the market. Jindi Commercial Property has a number of commercial projects in China. The property forms cover 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 future-oriented core competitiveness.