Asia300

China Vanke Co., Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 22.7
Mar 24, 2017
Market cap:
Market cap(USD):
265,521.74M
34,184.78M
Shares: 11,039.15M

Currency in HKD

Company profile

Market(Ticker): HKG(2202)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 42,295

Business summary

China Vanke Co., Ltd. engages in the provision of real estate. It specialises in property development with commodity housing projects. It operates through the following Property Development and Property Management business divisions. The Property Development division refers to sale and development of residential properties. The Property Management division offers management and other related services to purchasers and tenants of the company's developed residential properties and shopping arcades as well as those developed by external property developers. The company was founded by Shi Wang on May 30, 1984 and is headquartered in Shenzhen, China.

Company background

China Vanke is China's largest property developer and is based in Shenzhen, Guangdong Province. It continued to rank first in the country's realestate market in terms of sales for a fourth straight year through 2013. It was overtaken by the Greenland Group, a major state-owned Chinese property company, in 2014, though many Chinese have faith in Vanke believing it to be "one of China's largest property companies." The company listed its shares on the Hong Kong Exchanges and Clearing in June 2014.

Founded in 1984, Vanke sells new condominiums in Guangdong Province as well as big cities such as Shanghai, Beijing and Chengdu. China's real estate boom helped it grow dramatically. The company also tapped into overseas markets, engaging in high-rise condominium projects in San Francisco in 2013 and in Manhattan, New York in 2014. It is building a foundation that can earn a profit even amid the country's sluggish property market.

Founder and chairman Wang Shi handed over control of Vanke to President Yu Liang. Wang has complete trust in Yu, who is a graduate of Peking University.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 242,901.90M
Gross profit 72,495.77M
Operating income 36,420.35M
Income before tax 38,743.04M
Net income 22,349.93M
EBITDA --
Diluted EPS 2.02
Dividends per share 0.83
Total assets 729,584.87M
Total liabilities 566,898.54M
Total equity 119,569.62M
Operating cash flow 21,985.01M

Currency in HKD

Revenue 31,331.77M
Gross profit 9,351.18M
Operating income 4,697.84M
Income before tax 4,997.44M
Net income 2,882.90M
EBITDA --
Diluted EPS 0.26
Dividends per share 0.10
Total assets 94,138.15M
Total liabilities 73,146.77M
Total equity 15,428.03M
Operating cash flow 2,835.83M

Currency in USD

Valuation measures

Dec 2015

PER 11.29
ROA 3.27%
ROE 19.45%
Operating margin 14.99%
Profit margin 9.20%

Key executive

  • President, General Manager & Executive Director: Liang Yu
  • Chief Operating Officer & Executive Vice President: Xu Zhang
  • Chief Financial Officer, Executive Director & EVP: Wen Jin Wang
  • Executive Vice President: Chang Feng Ding
  • Executive Vice President: Wei Jun Zhou

Share holders

  • Nexus Capital Management Ltd.(11.5%)
  • First State Investments (Hong Kong) Ltd.(4.7%)
  • Value Partners Ltd.(4.2%)
  • The Vanguard Group, Inc.(3.4%)
  • JPMorgan Whitefriars (UK)(2.7%)
  • BlackRock Fund Advisors(2.1%)
  • Eastspring Investments (Singapore) Ltd.(2.0%)
  • Hang Seng Investment Management Ltd.(1.6%)
  • Merrill Lynch, Pierce, Fenner & Smith, Inc. (Invt Mgmt)(1.6%)
  • UBS AG (Investment Management)(1.0%)

Address

  • Website: http://www.vanke.com
  • Address: Vanke Center, No. 33, Huanmei Road, Dameisha, Shenzhen, 518083, China
  • Phone: +86.755.25606666

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