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Finance

China Vanke Co., Ltd.

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 development and sale of properties. It engages in property development with commodity housing projects. It operates through the Property Development and Property Management divisions. The Property Development division refers to the 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 2018 HKDUSD
Revenue301,433.67M38,460.21M
Gross Profit114,302.68M14,583.98M
Operating income82,533.42M10,530.52M
Income before tax80,785.05M10,307.44M
Net income33,772.65M4,309.08M
EBITDA93,636.70M11,947.19M
Diluted EPS3.050.39
Dividends Per Share1.190.15
Total Assets1,528.66B195,247.81M
Total liabilities1,293.04B165,153.26M
Total equity155,764.13M19,894.90M
Operating cash flow42,032.34M5,362.94M
Currency in HKDCurrency in USD

Historical Data

 Oct 2019Dec 2014Dec 2015Dec 2017Dec 2018
Revenue -- 139,072.95M 186,050.58M 240,597.73M 301,433.67M
Gross Profit -- 35,713.81M 47,424.98M 79,976.50M 114,302.68M
Operating income -- 25,557.58M 36,425.03M 58,902.12M 82,533.42M
Income before tax -- 27,943.68M 38,123.61M 60,112.57M 80,785.05M
Net income -- 15,745.45M 18,119.40M 28,051.81M 33,772.65M
EBITDA -- 27,653.29M 38,919.81M 64,891.89M 93,636.70M
Diluted EPS -- 1.42 1.64 2.54 3.05
Dividends Per Share -- 0.63 0.83 1.06 1.19
Total Assets -- 508,639.92M 611,491.98M 1,165.43B 1,528.66B
Total liabilities -- 392,746.30M 475,182.37M 978,765.43M 1,293.04B
Total equity -- 88,164.57M 100,183.51M 132,675.31M 155,764.13M
Operating cash flow -- 42,575.55M 10,184.17M 84,948.30M 42,032.34M
 Oct 2019Dec 2014Dec 2015Dec 2017Dec 2018
Revenue -- 17,934.06M 23,998.55M 30,874.29M 38,460.21M
Gross Profit -- 4,605.45M 6,117.32M 10,262.84M 14,583.98M
Operating income -- 3,295.76M 4,698.44M 7,558.51M 10,530.52M
Income before tax -- 3,603.46M 4,917.54M 7,713.84M 10,307.44M
Net income -- 2,030.44M 2,337.21M 3,599.70M 4,309.08M
EBITDA -- 3,566.01M 5,020.24M 8,327.14M 11,947.19M
Diluted EPS -- 0.18 0.21 0.32 0.39
Dividends Per Share -- 0.08 0.10 0.13 0.15
Total Assets -- 65,589.91M 78,900.65M 149,084.63M 195,247.81M
Total liabilities -- 50,645.25M 61,312.66M 125,205.04M 165,153.26M
Total equity -- 11,368.95M 12,926.65M 16,972.01M 19,894.90M
Operating cash flow -- 5,490.30M 1,313.65M 10,900.84M 5,362.94M

Valuation Measures

Dec 2018
PER--
ROA2.50%
ROE23.41%
Operating margin27.38%
Profit margin11.20%

Key executives

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

Shareholders

  • GIC Pte Ltd. (Investment Management) (10.0%)
  • The Vanguard Group, Inc. (4.2%)
  • Norges Bank Investment Management (2.3%)
  • BlackRock Fund Advisors (2.3%)
  • Vontobel Asset Management AG (1.9%)
  • Investec Asset Management Ltd. (1.8%)
  • JPMorgan Investment Management, Inc. (1.8%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (1.6%)
  • Aberdeen Standard Investments (Asia) Ltd. (1.6%)
  • First State Investments (Hong Kong) Ltd. (1.5%)

Contact Details

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

Related Companies

  • Beijing Rufeng Express Co., Ltd.
  • Kunming Zhuchuang Real Estate Development Co., Ltd.
  • Zhenjiang Wanlong Investment Management Co., Ltd.
  • Sichuan Chuanshang Real Estate Co., Ltd.
  • Jibaowan Real Estate Development (Shenyang) Co., Ltd.
  • Vanke Holdings USA LLC
  • Shijiazhuang Vanke Real Estate Co., Ltd.
  • Lanzhou Vanke Real Estate Co., Ltd.
  • Changzhou Vanke Real Estate Co., Ltd.
  • Nanning Vanke Real Estate Co., Ltd.
  • Jinan Vanke Real Estate Development Co., Ltd.
  • Xuzhou Vanke Real Estate Co., Ltd.
  • Zhengzhou Vanke Real Estate Co., Ltd.
  • Yangzhou Vanke Real Estate Co., Ltd.
  • Wuhu Vanke Real Estate Co., Ltd.
  • Zhejiang Zhenan Vanke Property Co., Ltd.
  • Xinjiang Vanke Real Estate Co., Ltd.
  • Kunming Vanke Property Development Co., Ltd.
  • Guiyang Vanke Real Estate Co., Ltd.
  • Xi'an Vanke Enterprises Co., Ltd.
  • Vanke (Chongqing) Real Estate Co., Ltd.
  • Wuhan Vanke Real Estate Co., Ltd.
  • Qingdao Vanke Real Estate Co., Ltd.
  • Taiyuan Vanke Real Estate Co., Ltd.
  • Yantai Vanke Property Development Co., Ltd.
  • Dalian Vanke Property Co., Ltd.
  • Tangshan Vanke Real Estate Co., Ltd.
  • Ningbo Vanke Real Estate Co., Ltd.
  • Nanjing Vanke Property Co., Ltd.
  • Hainan Vanke Property Development Co., Ltd.

Competitors

  • Xinyuan Real Estate Co. Ltd. Sponsored ADR
Last Updated on 11 Oct, 2019

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