The Total Assets of Evergrande Reach RMB 274.6 Billion with 40% Increase, Many Performances Rank 1st Nationwide

Aug 27, 2013, 02:26 ET from Sina Leju

BEIJING, Aug. 27, 2013 /PRNewswire/ -- Evergrande issued the sales performance for the first half of 2013 on August 26, 2013. According to the data, the sales volume of Evergrande in the first half of 2013 is RMB 44.61 billion, with a year-on-year growth of 27.3% and the net sales area is 6.647million sq.m., with a year-on-year growth of 15.2%. Among all these indicators, the total assets of the company, volume of business, net profits, sales area, area under construction, completion area and the quantity of the cities involved rank first nationwide. An original report from Sina Leju follows.

Since its listing in Hong Kong in 2009, Evergrande has been in fast growth. According to the statistics of Center Daily News, Evergrande surpassed Central Overseas Property with the total assets of nearly RMB 274.59 billion and a year-on-year growth of 40% to become the champion of Hong Kong real estate enterprises successively on June 30, 2013. The total assets are 3.5 times higher than that in the middle period of 2010 with the average yearly growth rate of 53.2%.

Evergrande projects have been involved in 140 cities nationwide within the report period and it is the leading real estate enterprise in China with the most cities and largest scale. Besides, Evergrande will keep optimizing the location layout of land reserves, focus on supplementing excellent projects for the current cities and realize the balance of land reserves. Among the new projects, the number of projects located in first- and second-tier cities nationwide has increased by 10.6%. Evergrande obtained excellent parcels in Chongqing, Dalian, Guangzhou and Beijing respectively in May-July this year and the sales price and sales income of the new projects are expected to be on the rise significantly.

Evergrande has 262 projects at present, a majority of which are just commenced or under construction. The area under construction in the first half year of 2013 is 37.671 million sq.m. and the completion area is 9.708 million sq.m., both of which rank the first nationwide. By June 30, 2013, Evergrande had 197 projects to be sold, accounting for 75% of the total projects.

With deeper market regulation in the first half year, Evergrande makes the sales volume increase stably and it has become the unique enterprise among the leading real estate enterprises that achieves the double-digit growth on a month-over-month basis in the sales volume and the sales area for four consecutive months. The mean sales price of the enterprise in the first six months was RMB 6,712/sq.m., with a year-on-year growth of 10.5%, among which the sales price per sq.m. in May and June broke through RMB 7,000 for two consecutive months, with a higher quantity and quality.

Benefiting from the new urbanization policy, Evergrande is bound to realize the sales target of RMB 100 billion in 2013 with the prospective national urban layout and positioning, high-performance ratio products satisfying rigid demand and sales strategies conforming to the market and policy.

SOURCE Sina Leju