Evergrande Sales Revenue reaching 10 Billion for 2 consecutive months stimulates 5% stock growth

BEIJING, Oct. 8, 2013 /PRNewswire/ -- A few days ago, Evergrande Group released externally the sales data of September this year. According to the data, in September 2013, Evergrande achieved the contracted sales volume of about 10.53 billion yuan, and the contracted sales area of about 1.558 million square meters, with an increase of 29.6% and 7.0% compared to that in the corresponding period of 2012 respectively. In respect to the price, Evergrande achieved the average sales price of 6,756 yuan per square meter in September 2013, with an increase of 21.1% compared to that in the corresponding period of 2012, increase in both the sales volume and the sales price.

By September 2013, Evergrande had achieved the total contracted sales volume of about 74.65 billion yuan, completing 74.7% of the full-year sales target of 100 billion yuan, and the total contracted sales area of about 11.02 million square meters, with an increase of 27.4% and 13.2% compared to that in the corresponding period of 2012 respectively.

According to the latest data of CRIC, in the sales area ranking of real estate enterprises in the first three quarters, Evergrande remained in the top, exceeding Green Land Group and Vanke. It is worth noting that Evergrande achieved increase in both the sales volume and the sales price in the first three quarters. From January through September 2013, Evergrande achieved the average sales price of 6,774 yuan per square meter, with an increase of 12.5% compared to that in the corresponding period last year.

According to the analysts, since August 2013, Evergrande has achieved the sales volume of more than 10 billion yuan for two consecutive months, with the accumulated sales volume being 21.93 billion yuan for the two months, accounting for 21.9% of the full-year target, providing a powerful safeguard for achieving the full-year sales target.

Stimulated by the great sales figures of September, Evergrande opened higher on the 8th and reached a peak at 3.68 HKD with a growth of 6.98%. It rose by 4.942% and closed at 3.61 HKD with a turnover of 123 million shares, which ranked first among the real estate companies listed in HK.

SOURCE Evergrande