BEIJING, June 9, 2012 /PRNewswire-Asia/ -- On June 9, "China Real Estate TOP 10 Research Group" released the Research Report on the 2012 Chinese TOP 10 Listed Real Estate Enterprises in Beijing, which was jointly released by the Enterprise Institute of Development Research Center of the State Council, the Real Estate Institute of Tsinghua University and the China Index Academy, one of the most authoritative research reports on the real estate industry. According to the report, Evergrande continued to rank "No. 1 among the 2012 Chinese TOP 10 Mainland Real Estate Enterprises Listed in Hong Kong in Term of Comprehensive Strength," and gained the honors such as "No.1 of the TOP 10 in Term of Wealth Creation Ability" and "No.1 of the TOP 10 in Term of Investment Value."
According to the research report, in 2011, the listed real estate enterprises, especially the real estate enterprises listed in Shanghai and Shenzhen, were significantly affected by the macro-control policies of the real estate market, so the advantages of the real estate enterprises listed in Hong Kong was amplified, with many indicators such as the average operation scale fully surpassing those of the real estate enterprises listed in Shanghai and Shenzhen. According to statistics, at the end of 2011, the TOP 10 real estate enterprises listed in Shanghai and Shenzhen in term of comprehensive strength achieved the total average assets of 91.659 billion yuan, while the TOP 10 Mainland real estate enterprises listed in Hong Kong in term of comprehensive strength achieved the total average assets of 111.1 billion yuan, with the average EPS of 1.05 yuan, 81.0% higher than that of Mainland real estate enterprises listed in Hong Kong in the corresponding period, with the asset and profit sizes ranking top in the industry.
In this public appraisal, among the TOP 10 Mainland real estate enterprises listed in Hong Kong, Evergrande fully surpassed many other real estate enterprises, leading the Mainland real estate enterprises of Hong Kong stocks; the TOP 10 real estate enterprises listed in Shanghai and Shenzhen was still led by Vanke and Poly, with the competition among the leading enterprises in the industry being a sticky situation.
According to "China Real Estate TOP 10 Research Group," in recent years, Evergrande, with forward-looking strategic vision of layout in the second- and third-tier cities throughout the country, definite orientation and small profits but quick returns, obtained the breakthrough in the sales performance in the adverse market. In 2011, Evergrande, with an increase of 71.4% in the total assets, became the Mainland real estate enterprise listed in Hong Kong with the largest asset size, with many indicators such as net profit and sales area surpassing those of Vanke, forming a hard impact on the championship of Vanke in the industry.
Since March this year, according to the sales performance reports of Evergrande, the sales volume has been substantially increasing month by month, especially the sales volume in April, which was 8.19 billion yuan, with many sales performance indicators ranking No.1 throughout the country, with an increase of more than 100% on a month-on-month basis in the sales volume and the sales area, and with predicted growth of sales performance in May. Based on the optimistic expectation and confidence in the sales strategies of Evergrande, after Citibank and Deutsche Bank rated Evergrande stock as one of the preferred Mainland real estate stocks, Standard Chartered, Goldman Sachs and DBS Bank offered Evergrande the BUY rate respectively.
