Country Garden Holdings Company Limited

2007
Failed

Company Overview

Country Garden Holdings Limited (stock code: 2007.HK) is one of the largest urban housing developers in China. The Group adopts a centralized and standardized operating model, and its business includes property development, construction security, decoration, property investment, hotel development and management, etc. Country Garden offers a diverse range of products to meet the needs of different markets. Various products include residential projects such as condominiums and bungalows, as well as parking spaces and shops. At the same time, the Group also develops and manages hotels within a number of projects to enhance the marketability of properties. In addition to this, the Group also operates businesses such as robotics and modern agriculture. Country Garden was listed on the main board of the Stock Exchange on April 20, 2007. The listing not only provided funding for the Group's long-term healthy development, but also a successful step for the Group to enter the international capital market. After listing, Country Garden was recognized by the market — it became one of the constituent stocks of the Morgan Stanley Capital International Global Standard Index on September 1, 2007, became the Hang Seng Composite Index and Hang Seng Mainland China 100 constituent stock on September 10, 2007, included in the Hang Seng Shenzhou 50 Index on March 5, 2018, and the Hang Seng Hong Kong Stock Connect Property Services and Management Index on June 5, 2023. The addition of constituent stocks marks the capital market's affirmation of Country Garden as an important part of the Hong Kong stock market, and strengthens Country Garden's position in the international capital market. Since its establishment, Country Garden has been benefiting from China's increasingly prosperous economic development, and has gradually expanded beyond Guangdong Province to other regions of the country with high economic growth. At the end of 2022, Country Garden had property development projects in various strategically selected areas in all provinces, municipalities directly under the Central Government and autonomous regions of mainland China. In August 2023, the Group ranked 206th in the “Fortune Global 500” list. Looking forward to the future, Country Garden will focus on the core of the real estate business, strengthen or integrate various community-related businesses in the real estate industry chain through financialization, improve the integrated platform covering community resources, build a full-life cycle industrial chain, fully release the Group's asset value, and continue to consolidate and strengthen the Group's leading position in the industry.

Country
HK
Market Cap
$9.58B
Last Fiscal Year
2022
Final Shariah Status
Failed
Compliance Analysis Overview

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
Business Compliance
0.41% passed
5% Threshold
0.4%
Liabilities Compliance
355.43% failed
33% Threshold
355.4%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Country Garden Holdings Company Limited
Ticker 2007
Main Business Real Estate—Development
Type Common Stock
Industry Real Estate—Development
Country HK
Market Cap $9.58 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Revenue $430,371.0 $0.0 -
Interest income $1,772.0 $1,772.0 -
Total $432,143.0 $1,772.0 0.41% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $8,572,829,131.7 89.48%
derivative financial instrument current liabilities $24,509,803.9 0.26%
notes payable $536,414,565.8 5.60%
long term bank loan $14,193,277,310.9 148.14%
derivative financial instruments non current liabilities $46,778,711.5 0.49%
convertible notes and bonds $10,680,672,268.9 111.48%
Total Interest-Bearing Debt $34,054,481,792.7 355.43%
Market Capitalization $9,581,192,307.7 100.00%
Compliance Status Threshold: 33% failed