Net revenue and profit have both increased, and pomegranate investment can be expected in the future
Affected by macro-control policies and epidemic factors, the entire real estate industry has faced great pressure in the last two years, but the industry's downturn is usually a good time for long-term value investment. At this stage, enterprises with excellent quality can go further. As the first top 100 real estate company to submit a list in 2021, Pomegranate Investment's steady performance is impressive. Pomegranate Investment is a large-scale high-quality property developer headquartered in Beijing. The company operates in China's core economic zones such as the Beijing-Tianjin-Hebei, Yangtze River Delta, the Greater Bay Area, and the Chengdu-Chongqing metropolitan area. According to the prospectus, Pomegranate Investment achieved both revenue and profit growth in 2020, with an increase of more than 50%
Nearly half of the listed companies have submitted statements more than once, and the fundamentals of pomegranate investment are good
According to the official website of the Hong Kong Stock Exchange, on November 30, the listing application data of Pomegranate Investment Group Co., Ltd. (hereinafter referred to as Pomegranate Investment) was “invalid”. Observers say that prospectus failure is a common situation in Hong Kong stock IPOs. It does not mean that listing has failed, nor is it directly related to the company's operating conditions. According to the prospectus, Pomegranate Investment's revenue in 2020 was 12.265 billion yuan (RMB, same below), an increase of 53% over the previous year. Net operating cash flow was positive for two consecutive years, and the short-term cash debt ratio was 1.23. The fundamentals were good. Companies with invalid prospectuses account for nearly 70%. “The Hong Kong stock prospectus is valid for 6 months.
IPO News | Pomegranate Investment Submitted to Hong Kong Stock Exchange, Ranked “China's Top 100 Real Estate Development Enterprises” for 8 Consecutive Years
The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on May 31, Pomegranate Investment Group Co., Ltd. (“Pomegranate Investment”) submitted a listing application to the main board of the Hong Kong Stock Exchange. The sponsor was CCB International. According to the prospectus, the company is a large-scale property developer headquartered in Beijing that strategically focuses on developing high-quality residential properties in selected regions of China. The company has more than 12 years of experience and has expanded operations to regions with huge growth potential in China, including the Beijing-Tianjin-Hebei urban agglomeration, the Yangtze River Delta region, the Greater Bay Area and the Chengdu-Chongqing Economic Zone. The company ranked “China Real Estate Development” for eight consecutive years from 2014 to 2021