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[ccstock.cn] Evergrande Had the Cash of RMB 158 Billion in Hand, with the Sales Volume Increased for Seven Consecutive Years

 Date:2016.01.06   Publisher:ccstock.cn

Under the circumstances of economic slowdown and sustained real estate market consolidation, the domestic real estate market pattern has changed from anxious confrontation to thriving alone. Medium- and large-sized real estate enterprises represented by Evergrande have gradually held the initiative in the quality, and have continuously widened the gap with other real estate enterprise on this basis.

After investment of more than RMB 60 billion in 15 ultra-large-scale projects of New World, Chinese Estates Holdings, Sino Group and other Hong Kong-invested giants, with the Ocean Flower Island - Big Mac Cultural Tourism Project ranking top in the world in the opening sales volume, the opening sales area and the identification visitors, Evergrande released the announcement on January 4 that it achieved the full-year sales volume of RMB 201.34 billion, with an increase of 53.1% on a year-over-year basis, highlighting its dominant position in the industry.

Full-year sales volume of RMB 201.3 billion, cash balance of RMB 158 billion

As shown in the Announcement, Evergrande achieved the sales volume of RMB 201.34 billion in 2015, with a sharp increase of 53.1% compared to that of RMB 131.5 billion in 2014, ranking No.1 throughout the country, becoming the only Mainland real estate enterprise in Hong Kong with the sales volume of more than RMB 200 billion, and completing 111.9% of the annual target of RMB 180 billion. If compared to the original annual target of RMB 150 billion, the completion rate was up to 134.2%.

Evergrande achieved the full-year sales performance of RMB 200 billion for the first time, inseparable from its persistent selling like hot cakes this year. According to the data, Evergrande achieved the single-month sales volume of more than RMB 10 billion in 11 months throughout the year, and even achieved the sales volume of RMB 28.95 billion in December, exceeding that of RMB 27.65 billion maintained by Vanke previously, creating the new high in the single-month sales volume in the history of Chinese real estate.

With respect to the sales area, Evergrande undoubtedly continued to be leading in the industry. It achieved the accumulative sales area of 2.5512 million square meters throughout the year, with an increase of 40% on a year-over-year basis, and achieved the contracted sales area of 3.302 million square meters in December, with an increase of 117.6% on a year-over-year basis and with an increase of 54.2% on a month-over-month basis.

As shown in the announcement, Evergrande achieved the cash balance of RMB 158 billion by December 31, 2015, with an increase of 94% compared to that of RMB 81.57 billion in the first half year of 2015, and with a sharp increase of 166% compared to that of RMB 59.5 billion in 2014.

Growth in the sales volume for seven consecutive years

Based on the research findings, under the huge indicator base, Evergrande has always maintained the sound and rapid growth momentum, not slowing down, but even speeding up. It only takes 2 years for Evergrande to achieve the leap from RMB 100 billon to RMB 200 billion.

Such growth momentum is particularly obvious after listing of Evergrande. According to the data, Evergrande achieved the increase by nearly seven times in the sales volume from RMB 30.3 billon in 2009 to RMB 201.34 billion in 2015, with the growth for seven consecutive years. Moreover, Evergrande overfulfilled the sales target for seven consecutive years, with the sales target completion rate being 101%, 126%, 115%, 115%, 100.4%, 120% and 111.9% respectively from 2009 through 2015.

Meanwhile, Evergrande also maintained the average growth of 30% in other core indicators. From 2009 through 2014, Evergrande achieved the increase by 20 times in the turnover of RMB 111.4 billion, the increase by 15 times in the net profit of RMB 18.02 billion, and the sharp increase by 40 times in the core business profit of RMB 12.04 billion, with an increase of 18.9%, 31.4% and 16.5% respectively on a year-over-year basis.

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