On October 27, 2022, the "2022 Real Estate Brand Value Evaluation Results" sponsored by Shanghai E-House Real Estate Research Institute was released online. With its comprehensive outstanding performance, China Overseas Enterprise Group ranked among the top "Top 10 Real Estate Development Enterprise Brand Values in 2022" with a brand value of 80.7 billion.
China Real Estate Development Enterprise Evaluation has been carried out for 12 consecutive years. Through the brand value evaluation of real estate enterprises, the operation status of brand enterprises is conducted in-depth analysis and research on the operation status of brand enterprises, and the characteristics and operating rules of the brand building process are found, which is of guiding significance for improving the comprehensive quality and brand quality of real estate enterprises and promoting healthy competition and healthy development of the industry.
2022 Top 10 brand value of real estate development companies
43 years since its establishment, China Overseas business has been deployed in more than 80 cities at home and abroad, including Beijing, Shenzhen, Hong Kong, Macau, New York, London, Sydney , Singapore, etc. With the purpose of meeting people's expectations for a better life and managing happiness for the people, we will build three major industrial groups: real estate development, urban operation and innovative business.
Zhonghai adheres to long-termism and is committed to value creation. In the first half of 2022, the company achieved sales contract amount of RMB 138.5 billion, and its sales ranking rose to fourth place in the industry, and its profitability remained in the industry's leading position.
China Overseas adheres to a steady and prudent financial strategy, has not touched any of the "three red lines", and continues to be firmly in the "green level" and has excellent indicators. As of the first half of 2022, the company's debt-to-asset ratio was 59.0%, and the net borrowing ratio was 41.0%; it held RMB 125.32 billion in cash; the weighted average financing cost was 3.44%, and the financing cost continued to remain at the lowest range in the industry. The three major international rating agencies, , gave China Overseas industry-leading credit ratings, Fitch A-, Moody's Baa1, S&P BBB+. The company is the only company in the industry that has been awarded A-rated by international rating agencies.
Zhonghai is committed to providing good products and good services. In the first half of 2022, it was selected into the first batch of eight real estate companies with stable delivery, achieving 100% high-quality delivery, of which 1/3 of which achieved early delivery. The company's overall customer satisfaction remained in the top three of the top 20 real estate companies, demonstrating the trustworthy power of central enterprises.
China Overseas actively practices social responsibility and adheres to green development. As of the first half of the year, China Overseas has obtained a total of 513 items in China's green building star certification, US LEED certification, US BOMA certification, US WELL certification, UK BREEAM certification, etc., and the cumulative green building certification area has reached 93.03 million square meters; China Overseas has continued to promote rural revitalization in Kang County, Gansu Province, Kangle County, Zhuoni County, Zhuoni County, , and Zhuoni County, , and Zhuoni County, lecturing local characteristic agricultural products, and jointly create "barley and grain porridge" special agricultural products with the brand "cloud fertile field" to help the development of local characteristic planting industry.
In terms of ESG work, China Overseas has been highly recognized by the market and has been included in the Hang Seng climate change 1.5℃ target index, Hang Seng Sustainable Development Enterprise Index component (for 13 consecutive years), Hang Seng ESG50 index, Hang Seng Index low carbon index and other sustainable development indexes.
