Vanke net profit of 7.3 billion yuan last year first broke billions of Beijing sales

Today, Vanke A (000002, closing 8.38 yuan) announced the 2010 Annual report, when the company achieved net profit of 7.283 billion yuan, up from 2009 growth of 36.65%.　　The company intends to dispatch 1.0 yuan per 10 units of cash.　　The announcement shows that the entire 2010 Vanke profitability has improved, real estate business settlement gross profit margin of 29.75%, compared with 2009 increase of 7.76%. Meanwhile, Vanke's net asset yield hit a record high of 16.5% last year, up 2.2% per cent year-on-year, up 3.8% from 2008.　　At the end of last year, Vanke's net debt rate fell to 17.5%, the lowest level since 2007. In addition, the annual report shows that last year Vanke in Shenzhen, Dongguan, Foshan, Beijing, Tianjin, Shenyang, Qingdao, Wuhan, Wuxi, Zhenjiang and other urban commodity housing market share ranked first.　　And in Shanghai, Suzhou, Zhuhai, Fuzhou, Changchun and other cities share ranked second. Vanke 2010 in the country's first-tier city sales performance is also very impressive. In Beijing, Shenzhen, Shanghai, Shenyang, Tianjin, South Jiangsu, Guangzhou, Hangzhou and other eight first-line cities sales of more than 5 billion yuan, of which, Vanke in Beijing, Shenzhen, both the sales are the first to break through tens of billions of dollars. Vanke in 2009 only 3 regional companies sales of more than 5 billion yuan.