Vanke and Evergrande Continue Leading the Ranking of Top 500 Chinese Real Estate Enterprises
BEIJING, March 21, 2012 /PRNewswire-Asia/ — On March 21, the Assessment Report of Top 500 Chinese Real Estate Development Enterprises jointly sponsored by China Real Estate Research Association, China Real Estate Association and China Real Estate Assessment Center was released in Beijing. An original report from Sina Leju follows:
According to the Report, Vanke and Evergrande continued ranking in the first and second places in terms of China real estate comprehensive strength respectively, jointly leading the national market. In addition, in the annual enterprise prize presentation, Evergrande won the 10 Million Sales Area Prize, and Vanke won the 100 Billion Sales Volume Prize. In various rankings, Vanke and Evergrande almost ranked in the first two places.
According to the data, in only 6 years, Evergrande achieved 46-fold average increase in each key indicators, with 38-fold increase in sales volume and 29-fold increase in sales area. The sudden rising of Evergrande has become the phenomenon jointly recognized by the national authoritative assessment institutions in recent years. According to the Report, in the sub-ranking, Evergrande ranked top among the “Top 10 Enterprises in Terms of Operation Efficiency” by virtue of the annual sales target completion percentage of 114.8%, and continued winning the champion among the “Top 10 Enterprises in Terms of Urban Coverage” by virtue of the real estate project coverage amount in more than 100 cities throughout the country. In the rankings of “Top 10 Enterprises in Terms of Business Performance” and “Top 10 Enterprises in Terms of Sound Operation”, Evergrande ranked second by virtue of the annual sales volume of 80.39 billion yuan and the full-year cash balance of nearly 30 billion yuan.
According to the Report, many large-scale real estate enterprises achieved significant sales performance growth in 2011, with the market share of the top 10 enterprises throughout the country up to 10.43%, 0.32% higher than that in 2010, and with the concentration ratio of top 30 enterprises up to 16.7%. Since 2009, the situation has been more and more obvious that the strong Mainland large-scale real estate enterprises have become stronger, with continuously increased market concentration inside the industry. In the future, the development status of Vanke, Evergrande and other leading enterprises will greatly influence the overall competitive situation of the real estate industry.
According to the analysts in the industry, as the leading enterprises in the real estate industry, Vanke and Evergrande have an edge by virtue of the high turnover mode of standardized operation, rapid development and rapid sales. In particular, the sudden rising of Evergrande in recent years is associated with the outstanding advantages such as the advancing layout in the second- and third-tier cities, the high cost-effectiveness products meeting the rigid demand, and the marketing strategies conforming to the market and conforming to the policy. The tightly-knit collectivized management mode and super-strong executive force ensure the core profit growth and rapid business scale expansion of Evergrande.
SOURCE Sina Leju