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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 2019 HKDUSD
Revenue422,045.16M53,865.28M
Gross Profit154,784.20M19,754.98M
Operating income114,799.81M14,651.80M
Income before tax116,029.01M14,808.68M
Net income44,077.70M5,625.60M
EBITDA132,444.54M16,903.78M
Diluted EPS3.930.50
Dividends Per Share1.150.14
Total Assets1,935.17B248,360.29M
Total liabilities1,632.50B209,515.79M
Total equity210,361.36M26,997.78M
Operating cash flow59,447.74M7,587.26M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 229,489.79M 269,674.86M 277,430.09M 357,034.29M 422,045.16M
Gross Profit 58,497.80M 70,339.96M 92,219.86M 135,386.25M 154,784.20M
Operating income 44,929.57M 52,687.90M 67,919.26M 97,757.03M 114,799.81M
Income before tax 47,024.74M 52,039.05M 69,315.02M 95,686.17M 116,029.01M
Net income 22,349.93M 24,563.20M 32,346.18M 40,002.14M 44,077.70M
EBITDA 48,006.83M 56,729.43M 74,825.99M 110,908.35M 132,444.54M
Diluted EPS 2.02 2.22 2.93 3.62 3.93
Dividends Per Share 0.83 0.91 1.06 1.19 1.15
Total Assets 729,819.30M 926,930.02M 1,399.04B 1,743.22B 1,935.17B
Total liabilities 567,132.96M 746,556.94M 1,174.95B 1,474.53B 1,632.50B
Total equity 119,569.62M 126,563.67M 159,269.46M 177,626.73M 210,361.36M
Operating cash flow 21,985.02M 50,850.11M 97,952.77M 49,785.37M 59,447.74M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 29,601.75M 34,740.91M 35,600.74M 45,554.35M 53,865.28M
Gross Profit 7,545.59M 9,061.55M 11,833.95M 17,274.06M 19,754.98M
Operating income 5,795.44M 6,787.52M 8,715.62M 12,472.91M 14,651.80M
Income before tax 6,065.69M 6,703.94M 8,894.73M 12,208.69M 14,808.68M
Net income 2,882.90M 3,164.35M 4,150.76M 5,103.91M 5,625.60M
EBITDA 6,192.37M 7,308.17M 9,601.91M 14,150.90M 16,903.78M
Diluted EPS 0.26 0.28 0.37 0.46 0.50
Dividends Per Share 0.10 0.11 0.13 0.15 0.14
Total Assets 94,168.40M 119,555.27M 178,967.95M 222,652.23M 248,360.29M
Total liabilities 73,177.02M 96,290.78M 150,301.81M 188,333.70M 209,515.79M
Total equity 15,428.03M 16,324.16M 20,373.97M 22,687.29M 26,997.78M
Operating cash flow 2,835.83M 6,550.77M 12,569.62M 6,352.16M 7,587.26M

Valuation Measures

Dec 2019
PER7.56
ROA2.39%
ROE22.72%
Operating margin27.20%
Profit margin10.44%

Key executives

  • President & Chief Executive Officer: Jiu Sheng Zhu
  • Finance Principal & Executive Vice President: Hui Hua Han
  • Executive Vice President: Chang Feng Ding
  • Executive Vice President: Wei Jun Zhou
  • Executive Vice President: Ji Wen Zhang

Shareholders

  • GIC Pte Ltd. (Investment Management) (9.0%)
  • The Vanguard Group, Inc. (4.3%)
  • BlackRock Fund Advisors (2.4%)
  • Norges Bank Investment Management (2.2%)
  • JPMorgan Investment Management, Inc. (1.9%)
  • Ninety One UK Ltd. (1.8%)
  • Vontobel Asset Management AG (1.7%)
  • Aberdeen Standard Investments (Asia) Ltd. (1.7%)
  • First State Investments (Hong Kong) Ltd. (1.4%)
  • APG Asset Management NV (1.1%)

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 3 Apr, 2020

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