Vanke excess 600 million yuan inventory depreciation back to contribution profit 460 million

NetEase Finance March 7 News due to the national real estate prices continued to rise last year, Vanke in 2010 back to four items in the inventory price of 617 million yuan, so, in 2008, "drawback" 13 items of the inventory of the depreciation of the preparation has been all reversed, and this has become Vanke's performance growth last year's important hand　　The annual report shows that Vanke at the end of last year, Fuzhou, the Banyan County, Nanjing Golden Field Blue Bay, Chengdu, Yue Hui City and Chengdu Golden Field project of the fall of the inventory of 617 million yuan to all back, the changes affect the current year attributable to the shareholders of the listed company net profit of 463 million yuan. The reversal of inventory depreciation has also become one of the important factors for Vanke's performance growth last year.　　Vanke this year's real estate business settlement gross margin of 29.75%, up from 09 to 7.76%, the net settlement rate of 15.52%, compared to 09 increase 3.27%.　　In its annual report, Vanke admits that the rise in settlement margins reflects the recovery in project profitability from the market's rebound since 2009, while also reflecting the company's effectiveness in strengthening cost management and cost-control capabilities, as well as the impact of the planned reversal of the project's inventory depreciation. As early as 2008 Vanke 13 projects to reduce the stock price of 1.23 billion yuan, resulting in the year net profit fell 16.7%. However, in the housing market rebound in 2009, Vanke to 9 of them to the price of the depreciation prepared to be fully washed back, involving the amount of up to 614 million yuan. In addition to the 4 projects that were reversed in 2010, Vanke's 13 projects in 2008 have all been reversed.