Vanke net profit last year 7.28 billion consecutive three years of sales title

Vanke A (000002) released today's annual report shows that 2010 the company's operating indicators across the 2009, for the first domestic sales amount to break 100 billion real estate enterprises, and for 3 consecutive years to win the global housing Enterprise sales champion.　　Period to achieve net profit of 7.28 billion yuan, an increase of 36.7% per cent, a comprehensive diluted net asset yield of 16.5%, up from 2009 to 2.2%, up from 2008 3.8%, reached an all-time high. Influenced by the change of policy environment and market situation, the overall growth rate of commercial housing sales in 2010 slowed markedly compared with 2009. Vanke 2010 Sales Area and sales volume year-on-year growth of 35.3% and 70.5% respectively, the growth momentum is not reduced.　　During the reporting period, Vanke in Shenzhen, Beijing, Tianjin and other 10 cities in the market share of commercial housing First, of which Beijing, Shenzhen, the first two sales breakthrough billion, 8 first-line company annual sales of more than 5 billion, and in 2009 only 3 regional companies to achieve this amount. Yu Liang, president of the company, said 2010 Vanke has achieved good sales performance, mainly because Vanke's business model has complied with the market demand and policy direction.　　Vanke has always adhered to the mainstream of small and medium-sized housing main products positioning, the following 144 square meters of ordinary residential units accounted for 88%, compared to the 2009 86% of the proportion of further improvement. As a result of the recent two years of Vanke products in the decoration room accounted for a significant increase, from pre-sale to delivery of settlement of the time period has been extended, Vanke's settlement growth rate is lower than sales growth. With it, Vanke has significantly increased the amount of open resources, as at the end of 2010, Vanke still has 7.61 million square meters of sales resources have not completed settlement, the total contract value of 91.9 billion yuan. Within the scope of the consolidated statement has been sold open area of 6.8 million square meters, the contract value of 82 billion yuan.　　Vanke said that most of the above settlement resources will be in 2011 to participate in the settlement, for 2011 years to achieve a good level of income to provide a strong support. At the same time of rapid sales, Vanke has a new year to obtain 87 projects, the corresponding Vanke rights and interests of the planning area of about 22.15 million square meters. Dong Tan Huajie introduced, due to the strict implementation of the principle of cautious land, last year, the project land price is more reasonable.　　As at the end of 2010, Vanke Planning project corresponding rights and interests area of about 36.4 million square meters, basic to meet the future microbicides development needs. Because of the smooth sales, while maintaining a cautious investment in the project, Vanke funds in good condition.　　As at the end of 2010, Vanke held 37.82 billion of its money, an increase of 64% from the beginning of the year, far exceeding the total of 16.78 billion yuan in a year. Compared with the size of the hundreds of billions sold in 2010, Vanke is more focused on the quality of growth than on speed.　　Yu Liang that scale is not the goal of Vanke, but the natural result of the improvement of operating efficiency. 2010, Vanke Real estate business settlement gross margin 29.75%, up from 2009 7.76%, the net settlement rate of 15.52%, up 3.27% from 2009. This is because the 2009 base is low, on the other hand, also embodies Vanke's efforts in cost management and cost control. Due to the strict implementation of the cost control standards, 2010 Vanke management costs relative to the proportion of sales from 2009 to 2.3% fell to 1.7%, marketing costs relative to the sales amount of the proportion of 2.4% from 2009 to 1.9%. These indicators have declined for 3 consecutive years.