China Jinmao Holdings Group Limited
0817Company Overview
China Jinmao Holding Group Limited (“China Jinmao”, “Company”, “Company”) is a platform enterprise in the field of urban operations under China Sinochem Holdings Co., Ltd. (“Sinochem”). It was listed on the main board of the Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”) on August 17, 2007 (stock code: HK.00817) and is included in the Hong Kong Hang Seng Index, Hang Seng Composite Industry Index - Real Estate Construction Industry, Hang Seng China State-owned Enterprises Index, Hang Seng Hong Kong Stock Exchange Index, Hang Seng China High Stock Exchange Index, Hang Seng China High Stock Exchange Index A series of Constituent stocks. The company has been selected as one of the “Fortune” China Top 500 for many years, and is ranked among the “Forbes” Top 2000 Global Enterprises. Sinochem is an important state-owned enterprise supervised by the State Council's State-owned Assets Administration Commission, as a result of a joint restructuring between China Sinochem Group Co., Ltd. (“Sinochem Group”) and China Chemical Group Co., Ltd. (“China Chemical”). Sinochem's business scope covers eight major fields, including life science, materials science, petrochemicals, environmental science, rubber and tires, machinery and equipment, urban operations, and industrial finance, and is the world's leading comprehensive chemical enterprise. China's Jinmao takes “unleashing the future vitality of the city” as its mission, always adhering to the high-end positioning and boutique route. Based on the “double wheel, two wing” strategy with leading quality as the core, it focuses on the “two-drive, two-upgrade” urban operation model, and is committed to becoming a leading urban operator in China. Based on a vision of the city's potential, China's Jinmao integrates the world's leading high-quality resources, introduces rational and mutually beneficial urban planning concepts, and realizes the overall improvement of regional functions and urban vitality. At present, China's Jinmao has successfully entered China's rapid development regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta. The company owns more than 360 projects in 52 core cities including Beijing, Tianjin, Shanghai, and Guangzhou. China's Jinmao leverages the synergy and linkage advantages between sectors to create a series of high-end products with the “Jinmao” brand as the core. “Smart technology, green health” has become the unique quality gene and brand connotation of the “Jinmao” series products, and is continuously redefining high-end and quality in the industry.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Name | China Jinmao Holdings Group Limited |
Ticker | 0817 |
Main Business | Real Estate—Development |
Type | Common Stock |
Industry | Real Estate—Development |
Country | HK |
Market Cap | $1.30 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
City Operation and Property Development | $22,180.0 | $0.0 | - |
Other | $2,700.0 | $0.0 | - |
Hotel management | $1,070.0 | $1,070.0 | Hotel |
Commercial leasing and retail commercial operations | $892.4 | $0.0 | - |
Interest income | $2,131.0 | $2,131.0 | - |
Total | $28,973.4 | $3,201.0 | 9.95% (failed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
bank loans and overdrafts | $3,341,736,694.7 | 257.25% |
long term bank loan | $14,498,599,439.8 | 1,116.10% |
Total Interest-Bearing Debt | $17,840,336,134.5 | 1,373.35% |
Market Capitalization | $1,299,038,461.5 | 100.00% |
Compliance Status | Threshold: 33% | failed |