[First Financial Daily]Evergrande gained the net profit of 1.05 billion yuan last year, only accounting for one thirtieth of the contracted sales amount
Date：2010.04.14 Publisher：
First Financial Daily, April 13, 2010
The sub-new stock Evergrande Real Estate (03333.HK) listed in the motherboard of Hong Kong at the end of last year disclosed yesterday the first performance report since the listing. The data showed that Evergrande Real Estate Group ranked in the 5th place in the sales of national real estate developers with the contracted sales amount up to 30.3 billion yuan last year.
Evergrande Real Estate Group said, the contracted sales amount in 2009 was 30.3 billion yuan, among which, there was 27.64 billion yuan contracted sales amount of which the construction is be completed in 2010, with the housing handover area approximating 5 million square meters, 5 times of that of last year.
If this goal could be realized, the current revenue of the Group would greatly increase, so that its sales amount would be close to over 30 billion yuan.
In the first quarter this year, Evergrande Real Estate ranked first among the national developers again with the largest contracted sales area. Xu Jiayin, Chairman of the Board of Directors of the Group, said yesterday that by the end of 2009, the Group had owned 41 projects under construction in total, with the salable area under construction of 16.479 million square meters, including 32 on-sale projects and 13 projects not on sale yet. The contracted sales amount of 2010 was planned to increase by over 20% compared to that of 2009.
Xu Jiayin said, to ensure the realization of the above sales target, the Group would review the sales target monthly, and regulate timely the development and marketing plans according to the changeable market conditions. According to other sources, the sales target of Evergrande Real Estate Group this year was to reach 40 billion yuan.
In addition, the land reserve of Evergrande Real Estate Group still ranked first in the industry. By the end of 2009, the Group had owned 57 real estate projects in 25 major cities of the country, with the construction area of land reserve of 54.976 million square meters. It had held the cash (including cash, cash equivalent, and restricted cash) of 14.38 billion yuan, with the liability-asset rate of 22%.
