Vanke's performance in the next two years is basically locked

Vanke released the third quarterly bulletin today, and released the 2010 A-Share options incentive Plan.　　Quarterly reports show that the company's first three quarters of cumulative sales area of 6.011 million square meters, sales amount of 71.42 billion yuan, to achieve a net profit of 3.27 billion yuan. The report shows that the real estate completion time distribution is uneven, January-September Vanke completed area in the year accounted for a relatively low, the first three quarters of the company to achieve operating income of 22.38 billion yuan, only about one-third of sales.　　Affected by this factor, Vanke's settlement income and operating income fell from the same period last year, but as more projects completed in the four quarter and into the settlement, the fourth quarter is expected to exceed the first three quarters of the total settlement income. Due to the settlement lag in sales, at the end of the three-quarter Vanke has reached a record high volume of resources, a total of 7.84 million square meters of unsold resources have not completed settlement, the total contract amount of about 86.3 billion yuan. Within the scope of the consolidated statements, the open area of 6.6 million square meters has been sold, the contract value is 77.8 billion yuan, and 40% and 44% are increased respectively in the medium term.　　The project will be completed in the future with the completion of the project into operating income, Vanke's 2010-year performance growth has been no suspense, or even 2011 of years of performance has been locked in most of the.　　Vanke also released the draft 2010 A-Share options incentive plan, which is intended to give a total of 110 million stock options to 851 participants, accounting for about 1% of total equity, and 3.94% of the total number of employees.　　According to the announcement, Vanke's proposed stock options will be valid for 4 years, the right price in accordance with the draft incentive plan announced the first 1 trading days of Vanke A shares close and the first 30 trading day of Vanke A shares of the average closing price is determined, for 8.89 yuan. For Vanke after 4 years after the start of the equity incentive plan, analysts pointed out that, from the stock option incentive plan of the right of the term, the performance evaluation index is more stringent than the previous restrictive stock plan, given the future market volatility and risk, Vanke's management team to get a successful reward is not easy.