Great China International Holdings, Inc. (Great China Holdings) through its various indirect subsidiaries, is engaged in commercial and residential real estate investment, development, sales and management in the city of Shenyang, Liaoning Province, in the People's Republic of China (PRC). During the year ended December 31, 2008, the proceeds from the sales of properties constituted 38% of the total revenue from operations, with the remaining revenue consisting primarily of rental income and management fees. Development activity consists of locating and acquiring ownership and property rights to real property, arranging for project financing, managing project planning/ construction, and implementing sales and leasing of the finished real estate.
Great China International Holdings Inc is a comprehensive real estate developer with over 15 years experience with real estate operation in China. It is now one of the largest non-state-owned real estate developers in Northeast China. The company's core business is premium residential and commercial development and management. It currently owns and manages the PresidentBuilding, a twin-tower commercial building completed in April 2002, with more than 25% leased by Fortune 500 companies. At present, the occupancy rate of PresidentBuilding has consectively ranked No.1 among all the rental properties. The company's prior developments included MarylandBuilding, QiyunNewVillage, PeacockGarden, University Campus of Shenyang Teacher's University, and ChenglongGarden, most located in Shenyang. These projects have become a real showcase of success of Great China International Holdings.
A twin-tower commercial building completed in 2002, located at the Heping district, Shenyang, PRC, the President Building has been the Landmark of Shenyang’s Financial District featuring an exclusive location, premium facilities and quality management service.On September 25 2008, President Building was awarded “The International Headquarter Model Building”by Shenyang Heping People’s Government. President Building and City Plaza were the only two office buildings that received this honor.
Located at 69 Heping North Street of Heping District, the President Building landmarks the Financial District of Shenyang comprising of government buildings and financial institutions. It is 2 km away from the Shenyang North Train Station, the largest railway hub of Northeast China and 25 km away from the Shenyang Taoxian International Airport. Under the proposed financial street project of Heping Street by the local government, the President Building is acting as a successful model to facilitate foreign investment in the district.
Positioned as the model of premium commercial buildings, the Buildings include major fire and building systems including eight Otis High-Speed elevators, fiber optic cable, security systems and the Shenyang Telecom IPLAN telephone backbone system. Tenants enjoy access to a collection of services including: banks, postal service, mobile phone service kiosk, travel and ticket service, fitness club, restaurants, coffee shops, business center, concierge services, car washing, etc.
A prestige international management company, Jones Lane LaSalle, is engaged as a consultant to support the daily management, security, hygiene and maintenance of the Buildings. Our management philosophy focuses on quality customer service as well as maintenance and improvement of facilities. We believe that a combination of hardware facilities and software services must accompany each other to provide a total tenancy experience.
The building owns a prestige brand name as a premium commercial building and an occupancy rate of 95% or above has always been maintained. With a gross leasing area of 60,480 sq.m.(651,001 sq.ft.), more than 150 office units are available for lease. Among the honored tenants, 25 tenants are Fortune Global 500 companies, including General Electric (China), Johnson & Johnson, Kodak, Philip Morris, B.A.T., Emerson, Samsung Electronics, LG Electronics, Sumitomo Mitsui Financial, Canon, Mitsubishi, etc.
|Gross Margin (TTM) ||-72.1% |
|Net Profit Margin (TTM) ||28.2% || || |
|Operating Margin (TTM) ||-5.8% |
|Pretax Margin (TTM) ||34.4% |
|Valuation || ||Financial Strength |
|P/E excluding extraordinary items (TTM) ||2.7x |
|P/E Normalized (MRFY) ||9.7x |
|P/Sales (TTM) ||0.8x |
|P/Tangible book (MRQ) ||0.2x |
|P/Cash Flow (TTM) ||1.1x || || |
|Current Ratio (MRQ) ||0.45 |
|Quick Ratio (MRQ) ||0.45 |
|LT Debt/Equity (MRQ) ||0.00 |
|Total Debt/Equity (MRQ) ||0.70 |
|Payout Ratio (TTM) ||0.00 |
|Management Effectiveness || ||Growth |
|Return on Assets (TTM) ||3.3% |
|Return on Equity (TTM) ||8.1% |
|Return on Investments (TTM) ||8.1% || || |
|Sales (5Yr) ||-- |
|Earnings Per Share (EPS)(TTM) ||153.3% |
|Dividend Growth (5Yr) ||-- |
|Income Statement || ||Per Share Data |
|Revenue (MRQ) ||2.1M |
|EBITDA (MRQ) ||766K |
|Earnings before taxes (MRQ) ||-293K |
|Net Income (MRQ) ||-111K |
|Normalized earnings before taxes (MRQ) ||-293K |
|Normalized Net Income (MRQ) ||-111K || || |
|EPS excluding extraordinary items (TTM) ||0.18 |
|EPS Normalized (MRFY) ||0.05 |
|Rev per share (TTM) ||0.65 |
|BV per share (MRQ) ||2.34 |
|Tangible BV per share (MRQ) ||2.34 |
|Cash per share (MRQ) ||0.93 |
|Cash flow per share (TTM) ||0.44 |
|Indicated Annual Dividend (US) ||-- |
|Short Interest || || |
|Shares Short (Current Month) ||-- |
|Short Ratio ||-- |
|Short Interest as % of Float ||-- |
|Shares Short (Prior Month) ||-- |
|*Data updated twice a month by the 18th and 29th respectively || || |