China Fortune Land Development (CFLD) achieved steady growth over the past year with profitability and high shareholder returns, according to the 2019 Annual Report released by the company on Friday.
The company's operating revenue reached 105.21 billion yuan, a year-on-year increase of 25.6 percent.
The net profit attributable to shareholders of the listed company reached 14.612 billion yuan, a year-on-year increase of 24.4 percent.
CFLD's compound annual growth rate (CAGR) of net profit for the past five years reached 32.1 percent. In addition, the company's ROE increased to 35.7 percent, a year-on-year increase of 0.5 percent.
Its cash dividends to all stakeholders amounted to 4.52 billion yuan, with the total amount of cash dividends accounting for at least 30 percent of the net profit for five consecutive years.
In terms of the development of various industries, CFLD set a new record by signing 195.613 billion yuan in new investment contracts, an increase of 17.8 percent year-on-year.
A total of 545 new companies were opened in CFLD's New Industry Cities over the past year, and the average value of contracts signed with these companies rose by 51.8 percent year-on-year.
