Evergrande Rank No. 1 Among The Top10 Mainland Real Estate Enterprises Listed In Hong Kong Again

BEIJING, May 31, 2013 /PRNewswire/ -- On May 31, 2013, the TOP10 Research Group in China Real Estate released the 2013 Research Report on the TOP10 Listed Real Estate Enterprises in China in Beijing. Evergrande ranks No.1 among the TOP10 Mainland real estate enterprises listed in Hong Kong in terms of comprehensive strength again, and ranks No.1 on the TOP10 list in terms of investment value again. One week ago, on the list of 2013 TOP100 listed real estate enterprises in China in terms of comprehensive strength jointly released by China Real Estate Research Association, China Real Estate Industry Association and China Real Estate Assessment Centre, Evergrande ranks top 3 for three consecutive years, and ranks No.1 on the list in terms of development speed and business performance for two consecutive years. An original report by Sina Leju follows:

According to the research report, the operation condition of the listed real estate enterprises in 2012 was characterized by significantly recovered business performance compared to that in the past year, squeezed profit space, further differentiated wealth creative ability and significantly improved funding, and the market value of the listed enterprises rose sharply at the end of the year.

It is learnt the TOP10 Research Group in China Real Estate is comprised of the Enterprise Institute of Development Research Centre of the State Council, the Real Estate Institute of Tsinghua University and the China Index Academy. According to the review experts, Evergrande has been adhering to the development strategy of real estate for people's livelihood, with adequate sustainable development potential, winning sufficient recognition from the market, financial institutions and investors.

As shown in public data, since 2009 when listed, Evergrande has overfulfiled the annual target ahead of schedule for four consecutive years, ranks No. 1 in terms of sales area for three consecutive years, and ranks No.1 in terms of asset size among the Mainland real estate enterprises for two consecutive years. In 2012, Everkegrande kept the high growth situation, ranking No.1 among the Mainland real estate enterprises in China by virtue of the sales amount of 92.32 billion yuan and the sales area of 15.485 million square meters, and ranking No.2 among the listed real estate enterprises in China in terms of comprehensive strength, impacting the championship of Vanke.

In 2013, after the huge trading volume in March, most of the leading enterprises such as Vanke suffered from the month-on-month downtrend in the sales performance of April. However, Evergrande achieved the month-on-month increase of 16% and 11% in the sales amount and sales area respectively in the adverse market, with powerful development. According to the report from Guotai Junan Securities Co., Ltd, the leading enterprises such as Evergrande will benefit from the real estate market integration and the powerful rigid demand, which are identified as the first choice of the industry this year.

In the opinion of the analysts, Evergrande obviously benefits from the urbanization policy orientation, with expectable 2013 sales target of 100 billion yuan by virtue of the forward-looking nationwide urban layout, the positioned higher cost-performance products satisfying the rigid demand, the sales strategies that conform to the market and the policy as well as other advantages.

SOURCE Sina Leju