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Finance

China Vanke Co., Ltd.

  • 29.35 HKD
  • +0.10
  • +0.34%
  • China
    Jun 22, 2018
  • Ticker
    HKG(2202)
  • Prev. close
    29.25
  • Market cap (HKD)
    368,431.60M
  • Market cap (USD)
    46,960.28M
  • Shares
    11,039.15M

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.

Business Summary

China Vanke Co., Ltd. engages in the provision of real estate. It engages in property development with commodity housing projects. The company operates through the following Divisions: Property Development and Property Management business. 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.

Financial Highlights

Dec 2017 HKDUSD
Revenue257,340.02M33,022.72M
Gross Profit72,753.97M9,336.03M
Operating income49,010.27M6,289.16M
Income before tax54,132.57M6,946.47M
Net income32,346.18M4,150.76M
EBITDA58,056.98M7,450.06M
Diluted EPS2.920.37
Dividends Per Share1.120.14
Total Assets1,398.93B178,953.76M
Total liabilities1,174.84B150,287.61M
Total equity159,269.46M20,373.97M
Operating cash flow97,952.77M12,569.62M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 171,797.17M 185,404.73M 242,901.90M 282,719.52M 257,340.02M
Gross Profit 54,712.68M 56,333.64M 72,495.77M 84,389.36M 72,753.97M
Operating income 29,518.44M 26,115.05M 36,420.35M 40,481.48M 49,010.27M
Income before tax 29,387.45M 29,464.68M 38,743.04M 40,103.50M 54,132.57M
Net income 19,075.34M 19,816.11M 22,349.93M 24,563.20M 32,346.18M
EBITDA 31,631.48M 28,857.28M 39,596.47M 44,612.61M 58,056.98M
Diluted EPS 1.72 1.79 2.02 2.22 2.92
Dividends Per Share 0.51 0.63 0.83 0.91 1.12
Total Assets 613,759.44M 635,498.65M 729,584.87M 926,734.55M 1,398.93B
Total liabilities 478,714.10M 490,634.43M 566,898.54M 746,361.47M 1,174.84B
Total equity 98,487.29M 110,203.58M 119,569.62M 126,563.67M 159,269.46M
Operating cash flow 3,890.68M 53,582.58M 21,985.01M 50,850.11M 97,952.77M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 22,148.39M 23,908.74M 31,331.77M 36,421.39M 33,022.72M
Gross Profit 7,053.65M 7,264.46M 9,351.18M 10,871.47M 9,336.03M
Operating income 3,805.56M 3,367.64M 4,697.84M 5,215.03M 6,289.16M
Income before tax 3,788.68M 3,799.59M 4,997.44M 5,166.34M 6,946.47M
Net income 2,459.22M 2,555.37M 2,882.90M 3,164.35M 4,150.76M
EBITDA 4,077.98M 3,721.27M 5,107.52M 5,747.22M 7,450.06M
Diluted EPS 0.22 0.23 0.26 0.28 0.37
Dividends Per Share 0.06 0.08 0.10 0.11 0.14
Total Assets 79,156.47M 81,948.54M 94,138.15M 119,530.06M 178,953.76M
Total liabilities 61,739.69M 63,268.07M 73,146.77M 96,265.57M 150,287.61M
Total equity 12,701.89M 14,210.92M 15,428.03M 16,324.16M 20,373.97M
Operating cash flow 501.59M 6,909.70M 2,835.83M 6,550.77M 12,569.62M

Valuation Measures

Dec 2017
PER10.65
ROA2.78%
ROE22.63%
Operating margin19.04%
Profit margin12.56%

Key executives

  • President & Chief Executive Officer: Jiu Sheng Zhu
  • Chief Operating Officer, Executive Director & EVP: Xu Zhang
  • Chief Financial Officer & Executive Vice President: Jia Sun
  • Executive Vice President: Chang Feng Ding
  • Executive Director, Chief Risk Officer & EVP: Wen Jin Wang

Shareholders

  • Nexus Capital Management Ltd. (4.9%)
  • The Vanguard Group, Inc. (4.3%)
  • Norges Bank Investment Management (4.3%)
  • Hang Seng Investment Management Ltd. (2.6%)
  • First State Investments (Hong Kong) Ltd. (2.5%)
  • BlackRock Fund Advisors (2.5%)
  • Eastspring Investments (Singapore) Ltd. (1.5%)
  • Investec Asset Management Ltd. (1.3%)
  • T. Rowe Price Hong Kong Ltd. (1.1%)
  • Vontobel Asset Management AG (1.1%)

Contact Details

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

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  • Vanke Real Estate (Hong Kong) Co. Ltd.
  • Changsha Vanke Real Estate Development Co. Ltd.
  • Shanghai Vanke Investment & Management Co. Ltd.
  • Dalian Vanke Real Estate Co. Ltd.
  • Vanke (Chongqing) Real Estate Development Co. Ltd.
  • Jiangsu Sunan Vanke Real Estate Co. Ltd.
  • Beijing Vanke Enterprise Co., Ltd.
  • Wanxuan Property (Shenzhen) Co. Ltd.
  • Shenzhen Fuchun Dongfang (Group) Co. Ltd.
  • Zhenjiang Runzhong Real Estate Co. Ltd.
  • Zhenjiang Runqiao Real Estate Co. Ltd.
  • Guangzhou City Vanke Property Co. Ltd.
  • Beijing Chaowan Real Estate Development Center
  • Wuxi Vanke Real Estate Co. Ltd.
  • Suzhou Nandu Housing Development Co. Ltd.
  • Shenzhen Vanke Real Estate Co. Ltd.

Competitors

  • Xinyuan Real Estate Co. Ltd. Sponsored ADR
  • Kardan N.V.
Last Updated on 22 Jun, 2018

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