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Annual Highlights
• In 2011, the Group recorded a revenue of RMB9,585.4 million, representing a year-
on-year (“YOY”) growth of 34.7%; the sold and delivered gross floor area (“GFA”)
amounted to 1.01 million sq.m., representing a YOY growth of 100.4%.
• In 2011, the Group achieved property sales of RMB13,322.0 million, representing a
YOY growth of 5.1% and property sold area of 1.56 million sq.m., representing a YOY
growth of 36.4%.
• In 2011, Northeast China recorded a rapid growth in property sales. Property sales of
this region amounted to RMB4,267.7 million, representing a YOY growth of 103.4%
and property sold area was 0.70 million sq.m., representing a YOY growth of 133.2%.
• As at 31 December 2011, the Group had a land bank of 17.9 million sq.m.. The
average land cost was RMB1,338 per sq.m..
RMB (million)
6,167
7,114
9,585
571
1,013
505
(’000 sq.m.)
2009
2011
2010
34.7%
2009
2011
2010
+100.4%
REVENUE
GFA SOLD AND DELIVERED
Management Discussion and Analysis -
Annual Highlights
14
Glorious Property
Annual Report 2011