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Evergrande Had Total Assets Breaking through 179 Billion, and Leaded Chain’s Real Estate Market in the Livelihood Real Estate

 Date:2012.03.30   Publisher:Evergrande Group

On 28th, March, Evergrande issued the annular performance report of the 2011 year in Hong Kong, and multi-term economic indicators ranked the first place, achieving historical spanning again on scale and performance.

The annual report indicated that the annular marketing areas of Evergrande were 12.199 million square meters, were increased by 54.7% year on year and ranked the first place in China; the areas of buildings in construction were 36.52 million square meters, were increased by 52% year on year and ranked the first place in Chain; the sales amount achieved 80.39 billion yuan (RMB, the same below) and was increased by 59.4% year on year, and the goal completion rate ranked the first place in Chain; the operating revenue was 61.92 billion yuan, was increased by 35.2% year on year and ranked the first place in Hong Kong inland real estate enterprises; the retained profit is 11.78 billion yuan, was increased by 46.9% year on year and defeated Vanke again; and the total asset was 179.02 billion yuan, and was increased by 71.4% year on year.

Sticking to the livelihood real estate, positioning clearly and achieving small profits but quick turnover

The annular report displayed that the product positioning of Evergrande aimed at rigid demands of initial house purchasers and self-resident common people, the product structure was reasonable, the real estate mode needed by the people was conformed, and marketing requirements in different districts and different levels were met. According to statistics, the owner-occupied proportion in third-stage city items of Evergrande was 86%, home purchasing proportion by the investors was 14%, the initial house purchasing proportion was 64% and the secondary purchasing and above was 36%, which conformed to policy guidance.

After the costs of raw materials and civil development are reduced through standardized operation and intensified management, Evergrande choose to give benefits to people while would have larger profit space, and go for quantity under the base of small profits but quick turnover, therefore, Evergrande had extremely high market acceptability. In 2011, the average marketing price in Evergrande is 6950 yuan per square meter, and average price nationwide is over 5000 yuan per square meter when the fishing of 1500 yuan per square meter is removed, most of the items were distributed in provincial capital cities and had high improving potential, and the price was attractive and is affordable and welcomed by common people properly.

Evergrande harvested abundant cash flow with continuous high-growth tend

Since 1977 that Evergrande started running, Evergrande went through five three-year plan, wherein the fourth and fifth ‘three-year plan’ (from 2006 to 2011) had highest growing speed, various economic indexes were increased by 46 times on arrearage, the business volume was increased from 1.27 billion yuan in 2005 to 61.92 billion yuan in 2011, which was increased by 48 times, and the total assets of the group increased from 6.1 billion yuan in 2005 to 179.02 billion yuan in 2011, which was increased by 28 times.

The annular report displayed that up to December 31st in 2011, Evergrande had available capital of 65.11 billion yaun, and 11.9 billion yuan was increased compared with that in 2010 in the corresponding period. Meanwhile, the current total land fund of Evergrande is 98.17 billion yuan, 68% of which has paid, namely 66.81 billion yuan is left. The land fund needing to be paid was only 31.36 billion yuan, the payment terms are reasonable, 11.02 billion yuan needs to be paid in 2012, 13.96 billion yuan needs to be paid in 2013, and 6.38 billion yuan needs to be paid in 2004 and the future years, so that the finical pressure on Evergrande does not exist.

The net debt ratio of Evergrande in the next half year was decreased by 7.9 percentage points than that in the first half year in 2011, so that the stable continuity of Evergrande is guaranteed with the available capital of 65.11 billion yuan.

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