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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 2021 HKDUSD
Revenue551,775.06M70,987.60M
Gross Profit121,386.42M15,616.74M
Operating income86,819.61M11,169.61M
Income before tax78,897.95M10,150.47M
Net income27,146.21M3,492.44M
EBITDA96,537.61M12,419.86M
Diluted EPS2.330.30
Dividends Per Share1.140.14
Total Assets2,371.53B304,187.41M
Total liabilities1,891.07B242,560.04M
Total equity288,633.35M37,021.83M
Operating cash flow17,468.71M2,247.40M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 274,513.06M 352,443.20M 417,971.37M 472,076.14M 551,775.06M
Gross Profit 89,302.82M 130,795.16M 150,710.41M 136,618.30M 121,386.42M
Operating income 65,002.23M 93,165.94M 121,466.62M 106,673.04M 86,819.61M
Income before tax 69,315.02M 95,686.17M 116,029.01M 105,645.01M 78,897.95M
Net income 32,346.18M 40,002.14M 44,077.70M 46,650.74M 27,146.21M
EBITDA 71,908.95M 106,317.26M 128,616.64M 114,521.94M 96,537.61M
Diluted EPS 2.54 3.05 3.93 3.62 2.33
Dividends Per Share 1.06 1.19 1.11 1.49 1.14
Total Assets 1,399.04B 1,743.22B 1,935.17B 2,216.24B 2,371.53B
Total liabilities 1,174.95B 1,474.53B 1,632.50B 1,801.45B 1,891.07B
Total equity 159,269.46M 177,626.73M 210,361.36M 266,189.21M 288,633.35M
Operating cash flow 97,952.77M 49,785.37M 59,447.74M 68,733.08M 17,468.71M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 35,226.42M 44,968.56M 53,345.34M 60,865.96M 70,987.60M
Gross Profit 11,459.63M 16,688.28M 19,235.04M 17,614.54M 15,616.74M
Operating income 8,341.30M 11,887.13M 15,502.68M 13,753.62M 11,169.61M
Income before tax 8,894.73M 12,208.69M 14,808.68M 13,621.07M 10,150.47M
Net income 4,150.76M 5,103.91M 5,625.60M 6,014.79M 3,492.44M
EBITDA 9,227.59M 13,565.12M 16,415.23M 14,765.60M 12,419.86M
Diluted EPS 0.32 0.39 0.50 0.46 0.30
Dividends Per Share 0.13 0.15 0.14 0.19 0.14
Total Assets 178,967.95M 222,652.23M 248,360.29M 285,825.41M 304,187.41M
Total liabilities 150,301.81M 188,333.70M 209,515.79M 232,330.73M 242,560.04M
Total equity 20,373.97M 22,687.29M 26,997.78M 34,329.94M 37,021.83M
Operating cash flow 12,569.62M 6,352.16M 7,587.26M 8,861.93M 2,247.40M

Valuation Measures

Dec 2021
PER6.34
ROA1.18%
ROE9.78%
Operating margin15.73%
Profit margin4.91%

Key executives

  • President, CEO & Executive Director: Jiu Sheng Zhu
  • Chief Operating Officer & Executive Vice President: Xiao Liu
  • Chief Financial Officer & Executive Vice President: Hui Hua Han
  • Executive Vice President: Chang Feng Ding
  • Executive Vice President: Wei Jun Zhou

Shareholders

  • GIC Pte Ltd. (Investment Management) (9.0%)
  • The Vanguard Group, Inc. (3.7%)
  • Norges Bank Investment Management (2.6%)
  • BlackRock Fund Advisors (2.3%)
  • Abrdn Asia Ltd. (1.6%)
  • Lazard Asset Management LLC (1.6%)
  • JPMorgan Investment Management, Inc. (1.5%)
  • UBS Asset Management (Hong Kong) Ltd. (1.5%)
  • First Sentier Investors (Hong Kong) Ltd. (1.4%)
  • Dimensional Fund Advisors LP (1.4%)

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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  • Zhuhai Port Apartment Management Co., Ltd.
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  • Vanke Property Real Estate (HK) Co., Ltd.
  • Huizhou Vanke Enterprises Co., Ltd.
  • Baotou Vanke Real Estate Co., Ltd.
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  • Changsha Vanke Enterprises Co., Ltd.
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Competitors

  • Xinyuan Real Estate Co. Ltd. Sponsored ADR
Last Updated on 26 Sep, 2022

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