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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 operates through the Property Development and Property Management segments. The Property Development segment refers to the sale and development of residential properties. The Property Management segment 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 2020 HKDUSD
Revenue472,076.14M60,865.96M
Gross Profit136,618.30M17,614.54M
Operating income106,673.04M13,753.62M
Income before tax105,645.01M13,621.07M
Net income46,650.74M6,014.79M
EBITDA114,521.94M14,765.60M
Diluted EPS4.070.52
Dividends Per Share1.490.19
Total Assets2,216.24B285,825.41M
Total liabilities1,801.45B232,330.73M
Total equity266,189.21M34,329.94M
Operating cash flow68,733.08M8,861.93M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 267,933.39M 274,513.06M 352,443.20M 417,971.37M 472,076.14M
Gross Profit 68,598.49M 89,302.82M 130,795.16M 150,710.41M 136,618.30M
Operating income 50,946.43M 65,002.23M 93,165.94M 110,971.91M 106,673.04M
Income before tax 52,039.05M 69,315.02M 95,686.17M 116,029.01M 105,645.01M
Net income 24,563.20M 32,346.18M 40,002.14M 44,077.70M 46,650.74M
EBITDA 54,987.95M 71,908.95M 106,317.26M 128,616.64M 114,521.94M
Diluted EPS 2.22 2.93 3.62 3.93 4.07
Dividends Per Share 0.91 1.06 1.19 1.11 1.49
Total Assets 926,930.02M 1,399.04B 1,743.22B 1,935.17B 2,216.24B
Total liabilities 746,556.94M 1,174.95B 1,474.53B 1,632.50B 1,801.45B
Total equity 126,563.67M 159,269.46M 177,626.73M 210,361.36M 266,189.21M
Operating cash flow 50,850.11M 97,952.77M 49,785.37M 59,447.74M 68,733.08M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 34,516.56M 35,226.42M 44,968.56M 53,345.34M 60,865.96M
Gross Profit 8,837.21M 11,459.63M 16,688.28M 19,235.04M 17,614.54M
Operating income 6,563.18M 8,341.30M 11,887.13M 14,163.25M 13,753.62M
Income before tax 6,703.94M 8,894.73M 12,208.69M 14,808.68M 13,621.07M
Net income 3,164.35M 4,150.76M 5,103.91M 5,625.60M 6,014.79M
EBITDA 7,083.83M 9,227.59M 13,565.12M 16,415.23M 14,765.60M
Diluted EPS 0.28 0.37 0.46 0.50 0.52
Dividends Per Share 0.11 0.13 0.15 0.14 0.19
Total Assets 119,555.27M 178,967.95M 222,652.23M 248,360.29M 285,825.41M
Total liabilities 96,290.78M 150,301.81M 188,333.70M 209,515.79M 232,330.73M
Total equity 16,324.16M 20,373.97M 22,687.29M 26,997.78M 34,329.94M
Operating cash flow 6,550.77M 12,569.62M 6,352.16M 7,587.26M 8,861.93M

Valuation Measures

Dec 2020
PER5.54
ROA2.24%
ROE19.57%
Operating margin22.59%
Profit margin9.88%

Key executives

  • President, CEO & Executive Director: Jiu Sheng Zhu
  • Chief Operating Officer, Executive Director & EVP: Hai Wu Wang
  • Executive Vice President & Head-Finance: Hui Hua Han
  • Executive Vice President: Chang Feng Ding
  • Executive Vice President: Wei Jun Zhou

Shareholders

  • GIC Pte Ltd. (Investment Management) (10.9%)
  • Norges Bank Investment Management (4.5%)
  • The Vanguard Group, Inc. (3.7%)
  • Aberdeen Standard Investments (Asia) Ltd. (2.1%)
  • BlackRock Fund Advisors (2.0%)
  • JPMorgan Investment Management, Inc. (1.6%)
  • UBS Asset Management (Hong Kong) Ltd. (1.6%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (1.6%)
  • Dimensional Fund Advisors LP (1.4%)
  • First Sentier Investors (Hong Kong) Ltd. (1.3%)

Contact Details

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

Related Companies

  • Zhengzhou Vanke Meijing Real Estate Development Co., Ltd.
  • Beijing Vanke Co., Ltd.
  • Shenzhen Vanke Financial Consultants Co. Ltd.
  • Kunming Vanke Real Estate Development Co., Ltd.
  • Hefei Vanke Enterprises Co., Ltd.
  • Ningbo Vanke Enterprises Co., Ltd.
  • Suzhou Vanke Enterprises Co., Ltd.
  • Nanjing Vanke Enterprises Co., Ltd.
  • Hainan Vanke Corporate Management Co., Ltd.
  • Fuzhou Vanke Development Co., Ltd.
  • Xiamen Vanke Enterprises Co., Ltd.
  • Zhuhai Vanke Development Co., Ltd.
  • Shenzhen Vanke Development Co., Ltd.
  • Zhuhai Port Apartment Management Co., Ltd.
  • Vanke Logistics Development Co., Ltd.
  • Lithium Real Estate (Jersey) Ltd.
  • Jilin Songhua Lake International Resorts Co., Ltd.
  • Dongguan Vanke Architectural Technology Research Co., Ltd.
  • Vanke Property Real Estate (HK) Co., Ltd.
  • Huizhou Vanke Enterprises Co., Ltd.
  • Baotou Vanke Real Estate Co., Ltd.
  • Lanzhou Vanke Enterprises Co., Ltd.
  • Harbin Vanke Enterprises Co., Ltd.
  • Yancheng Vanke Real Estate Co., Ltd.
  • Changsha Vanke Enterprises Co., Ltd.
  • Zhongshan Vanke Enterprises Co., Ltd.
  • Nantong Vanke Enterprises Co., Ltd.
  • Wuxi Vanke Enterprises Co., Ltd.
  • Jinan Vanke Enterprises Co., Ltd.
  • Zhengzhou Vanke Enterprises Co., Ltd.

Competitors

  • Xinyuan Real Estate Co. Ltd. Sponsored ADR
Last Updated on 24 Jun, 2021

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