Vanke's first-quarter sales rose 135% in March, slowing

NetEase Finance April 20 benefited from the mainstream positioning and rapid sales strategy, Vanke still maintained a high growth rate in the first quarter. The first quarter to achieve sales value of 35.51 billion yuan, an increase of 135.3%.　　Although the growth rate slowed in March, the amount of the open contract has increased to 105.2 billion yuan, laying the groundwork for the full year's performance. March slowdown in the first quarter of the company to achieve sales area of 3.038 million square meters, sales amount of 35.51 billion yuan, year-on-year growth of 144.6% and 135.3% respectively.　　Due to the completion of the year is expected to focus on the four quarter, Vanke first quarter settlement resources, to achieve settlement income of 7.67 billion yuan, an increase of 4.2%, to achieve operating income of 7.97 billion yuan, net profit of 1.21 billion yuan, year-on-year growth of 6.2% and 7%, the basic earnings per share 0.11 yuan, an increase of 10%. The first quarter because of "country eight" and the introduction of regulation rules, the market has changed markedly.　　March, including Beijing, Shanghai, Guangzhou, Shenzhen and other 14 major cities, the transaction area and the transaction amount fell 32% and 37% respectively year-on-year, even if and historically belong to the off-season sales in February compared to, also fell 15% and 16% respectively. In the case of Vanke, the company achieved sales area of 835,000 square meters in March, sales amount of 9.33 billion yuan, respectively, compared with the same period last year, 64.5% and 47.8%;　　In addition, the March sales speed of the new push is about 65%, compared with last year's 70%-75% of the speed of the decline has significantly decreased, to a certain extent, reflecting the relatively slow trend of market transactions. Vanke Dong-Tan Huajie to NetEase Finance said that, over the years, by the Spring Festival factors, February is usually the month of the year, and the March turnover volume February often have a big increase.　　In recent years, the main cities in March, the growth rate of February is often about one-fold, this year's March quarter-on-quarter decline is a rare case in history. "Regulation has had a significant impact on the market, the general slowdown in turnover, with a large number of products started last year gradually into sales, the future overall housing supply will further increase, the industry's inventory pressure will be further increased," Tan Huajie said, "Vanke will still be the new push on the month sales rate as the main concern indicators, Strive to maintain good sales speed through a flexible sales strategy.　　"Sales of open resources to hundreds of billions of dollars compared with the size of the sale, the company's settlement income growth lags behind." In this respect, Tan Huajie said that this is caused by a variety of factors: on the one hand, the proportion of Vanke decoration room in recent years has been rising, the average completion period is lengthening; On the other hand, due to the large number of returning workers before the spring festival, the stability of the staff has a certain impact on the construction efficiency and quality　　The annual settlement is often concentrated in the four quarter. Although the first quarter settlement area has declined, but due to the settlement of the project in Shanghai, Shenzhen, Guangzhou three city settlement area accounted for the overall 60%, Vanke's settlement income still remainsThe growth, reached 7.67 billion yuan, the realization of operating income of 7.97 billion yuan, net profit of 1.21 billion yuan, year-on-year growth of 6.2% and 7% respectively.　　As of the end of the quarter, Vanke has further increased the volume of open resources, the consolidated statement within the scope of the 9 million square meters of unsold resources have not completed settlement, the total contract amount of about 105.2 billion yuan. The annual start amount does not cut the first quarter Vanke realizes the construction area 3.46 million square meters.　　Tan Huajie said that although the market environment has changed markedly, but not beyond the scope of the company's foresight, Vanke will continue to adhere to the rapid development strategy, there is no need to cut the annual planned start. By the end of the first quarter, Vanke held 37.19 billion yuan in cash, much higher than the short-term borrowings and the sum of the long-term borrowings over a period of 20.29 billion yuan, continued to maintain a good financial situation. The proportion of real liabilities to total assets deducted from the company's receivable account was 36.7%, which was further reduced than at the beginning of the year.　　And all kinds of inventory, completed development products (existing homes) 4.68 billion yuan, accounting for only 3.1%. The report also shows that the first 3 months of this year Vanke new into Wuhu, Qinhuangdao, Taiyuan and other cities. The company's new development projects 15, according to Vanke interests calculation planning area of about 3.09 million square meters, the average floor price of about 2500 yuan/square meters.　　In addition, the company also participated in the 3 urban renewal projects, according to the current planning conditions, according to Vanke interests calculation planning floor area of about 1.46 million square meters, the average floor is expected to comprehensive renovation cost and land price of about 1540 yuan/square meters. Tan Huajie said that, compared with the same period last year, the major cities in the first quarter of the land supply and turnover has a greater degree of contraction, the land transaction premium rate also showed a more obvious decline. In the second half of the year, the increase in land supply may further promote the land market cooling, the operation of sound, well-funded enterprises will seize the market opportunities to occupy the advantage. Responsible Editor: NF001