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Evergrande ranks among the top 10 domestic real estate enterprises for 6 consecutive years

 Date:2009.03.28   Publisher:Evergrande Group

Evergrande ranks among the top 10 domestic real estate enterprises in four categories, namely comprehensive strengths, operating efficiency, growth potential, and sense of social responsibility, becoming the biggest winnerof the top 100 real estate companies.

On March 28th, the outcome of Study of Top 100 Domestic Real Estate Enterprises co-organized by the China Real Estate Association, Enterprise Research Institute under the Development Research Center of the State Council, Real Estate Research Institute of Tsinghua University, and China Real Estate Index Research Institute, by far the most high-end and prestigious evaluation in the real estate world, was released in Diaoyutai State Guesthouse in Beijing. Evergrande Real Estate Group ranks among the top 10 domestic real estate enterprises in terms of comprehensive strengths for six consecutive years. Meanwhile, Evergrande came second on the 2009 List of Top Ten Domestic Real Estate Enterprises in Operating Efficiency, second on the 2009 List of Top Ten Domestic Real Estate Enterprises in Growth Potential, and the 2009 List of Domestic Real Estate Enterprises with a High Sense of Social Responsibility. It won four awards and became the undisputed biggest winner among all top 100 domestic real estate companies that attended the event.

It is reported that this time the judge panel followed the principle of combining enterprise size with operating efficiency, profitability with development potential, financing ability with solvency, and operating strength with sense of social responsibility. It evaluated the scale, profitability, growth potential, prudent operation, operating efficiency, and sense of social responsibility, of 500 candidate enterprises (groups) from across the country. It used 26 indices, factor analysis method, and relevant math models to quantify the results, and finally selected top ten real estate enterprises in seven categories, namely comprehensive strengths, scale, profitability, growth potential, prudent operation, operating efficiency, and sense of social responsibility. Evergrande stood out in various categories. Apart from ranking among the top 10 domestic real estate Company for 6th consecutive years, it also won the second prize in the operating efficiency top ten category, the second prize in the growth potential top ten category, and the social responsibility top ten category. The judge panel said that in 2008, overall the domestic real estate market was in a recession, but Evergrande bucked the trend and displayed pleasing features such as big scale, impressive profitability, rapid growth, prudent operation, and high operating efficiency. In terms of comprehensive strength, Evergrande’s total assets, sales, and net profit are far higher than the average level of the top 100 domestic real estate companies. Its average sales have maintained rapid growth despite the difficult macro-environment, a proof of its great development potential. Its operating efficiency sets a brilliant example for the entire real estate industry. Its total assets turnover rate is far higher than the average level of the top 100 domestic real estate companies. Its sense of social responsibility is constantly enhancing. It has played an active role in fulfilling its social responsibility. Its donations to philanthropic undertakings total tens of millions of RMB.

It is reported this is the 6th consecutive time that Evergrande ranks among the top 10 domestic real estate company. Xia Haijun, Evergrande’s President and Vice Board Chairman said in the key-note speech that Evergrande has successfully survived the “two bitter winters” that ordinary enterprises have been spared thanks to the successful operation in the capital market and the powerful “unparalleled performance/price ratio” strategy. With these two powerful tools, combined with the unreserved support and cooperation from strategic shareholders that have absolute leading status in the international capital market, Evergrande is sure to embrace a more beautiful future.


 

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