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The Forest City project in Johor, Malaysia has attracted attention with the ASEAN Tourism Forum scheduled for 2025. Key government officials emphasize the project's strategic importance, fostering investment and job creation.
Country Garden, a leading Chinese property developer, reported its interim results for 2022 on August 30, showing strong performance amid market challenges. The company achieved contracted sales of approximately 185.1 billion yuan (about US$25.9 billion) and a collection rate of 92%, maintaining over 90% for 7 years. Operating revenue reached 162.36 billion yuan, with gross profit at 17.21 billion yuan. The company also improved its debt structure, reducing total loans by 7.6% to 293.68 billion yuan. With available cash of 147.98 billion yuan, Country Garden remains committed to timely project delivery.
Country Garden Holdings has climbed to the 138th position on the 2022 Fortune Global 500 list, marking its sixth consecutive year on the prestigious ranking. The company reported revenues of US$81.91 billion and profits of US$4.154 billion, an impressive rise of 329 places since 2017. Despite challenging market conditions, including a 50.3% decline in overall sales among top developers, Country Garden achieved 185.1 billion yuan in equity sales in H1 2022, with a 95% payback rate.
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Country Garden Holdings announced its financial results for 2021, posting contracted sales of approximately 558 billion yuan (US$87.7 billion) and revenue of 523.06 billion yuan (US$82.2 billion), reflecting a 13% growth. The company's core net profit attributable to shareholders was 26.93 billion yuan (US$4.2 billion). With a cash collection ratio of 90% for six consecutive years and total available cash of 181.3 billion yuan (US$28.5 billion), Country Garden continues to exhibit strong operational resilience despite industry challenges.
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Country Garden Holdings, a leading Chinese real estate developer, has climbed to 139th place on the 2021 FORTUNE Global 500 list, reflecting strong growth in China's economy. The company reported US$67.08 billion in revenue and US$5.075 billion in profit for 2020, marking a significant rise in ranking from 467th in 2017. With a compound growth rate of 25% in contracted sales over five years, the company maintains one of the lowest leverage ratios in the industry. CEO Mo Bin emphasized a focus on high-quality, stable development amid tightening regulations in China's real estate sector.
Country Garden's founder, Yang Guoqiang, and his family ranked as China's fourth most generous charitable donors in 2021, contributing 2.38 billion yuan (approx. US$357 million). They have donated over 9 billion yuan (approx. US$1.3 billion) over 20+ years, impacting over 490,000 underprivileged individuals. Key initiatives include the Zhongming Grant Program and the establishment of vocational schools. Yang's commitment to poverty alleviation has earned him multiple national awards, reflecting a focus on education and rural revitalization.
Yang Guoqiang, founder of Country Garden, has been recognized as the fourth most generous contributor in the 2021 Forbes China Philanthropy List, donating approximately 2.38 billion yuan (US$357 million). Over 24 years, the Yang family has contributed more than 9 billion yuan (US$1.3 billion) for poverty alleviation and education, helping over 490,000 individuals. Notably, Yang has established programs supporting over 100,000 students and invested 1.1 billion yuan (US$165 million) in vocational schools. His commitment to poverty alleviation earned him the title of "National Advanced Individual in Poverty Alleviation" in 2021.
On July 23, 2021, Country Garden's Yang Guoqiang family ranked fourth for charitable donations in China, contributing 2.38 billion yuan (approx. US$357 million) in 2021, as per Forbes China. Over 24 years, they have donated more than 9 billion yuan (approx. US$1.3 billion) to poverty alleviation and education initiatives. Key projects include the Zhongming Grant Program and the Guohua Memorial Middle School, providing education for disadvantaged students. Moving forward, the family aims to enhance rural revitalization and corporate engagement in poverty reduction.