BEIJING, Oct. 31 (Xinhuanet) -- The operating income of China Fortune Land Development (CFLD) enjoyed an increase of 46.14 percent year-on-year in the first three quarters of 2018, amounting to 45.14 billion yuan, according to the company's quarterly report released on Friday.
The report indicated that the net profit margin of the company reached 17.45 percent, and the deposit reached 52.5 billion yuan from January to September this year.
The company signed 17 new cooperation agreements of PPP projects in the first three quarters, 13 of which are located outside the Beijing-Tianjin-Hebei region in northern China, seeing a 90 percent year-on-year increase, the report said.
CFLD and Ping An Insurance signed a strategic co-operation frame agreement in July.
The two parties will foster strategic cooperation in areas such as financial services, industrial new cities, and emerging industries.
CFLD has received an AAA rating by top credit assessment companies such as CCXI, United Ratings and Golden Credit Rating International. In addition, CFLD was given a BB+ rating by Fitch Rating during the third quarter.
