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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
Revenue417,971.37M53,345.34M
Gross Profit150,710.41M19,235.04M
Operating income110,971.91M14,163.25M
Income before tax116,029.01M14,808.68M
Net income44,077.70M5,625.60M
EBITDA128,616.64M16,415.23M
Diluted EPS3.930.50
Dividends Per Share1.120.14
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 227,793.96M 267,933.39M 274,513.06M 352,443.20M 417,971.37M
Gross Profit 56,801.96M 68,598.49M 89,302.82M 130,795.16M 150,710.41M
Operating income 43,233.74M 50,946.43M 65,002.23M 93,165.94M 110,971.91M
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 46,311.00M 54,987.95M 71,908.95M 106,317.26M 128,616.64M
Diluted EPS 2.02 2.22 2.93 3.62 3.93
Dividends Per Share 0.83 0.91 1.06 1.19 1.12
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 29,383.01M 34,516.56M 35,226.42M 44,968.56M 53,345.34M
Gross Profit 7,326.85M 8,837.21M 11,459.63M 16,688.28M 19,235.04M
Operating income 5,576.69M 6,563.18M 8,341.30M 11,887.13M 14,163.25M
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 5,973.62M 7,083.83M 9,227.59M 13,565.12M 16,415.23M
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 margin26.55%
Profit margin10.54%

Key executives

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

Shareholders

  • GIC Pte Ltd. (Investment Management) (11.9%)
  • The Vanguard Group, Inc. (4.4%)
  • Norges Bank Investment Management (2.2%)
  • BlackRock Fund Advisors (2.2%)
  • Ninety One UK Ltd. (1.9%)
  • JPMorgan Investment Management, Inc. (1.8%)
  • Vontobel Asset Management AG (1.8%)
  • Aberdeen Standard Investments (Asia) Ltd. (1.7%)
  • First State Investments (Hong Kong) Ltd. (1.4%)
  • Baillie Gifford & Co. (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

  • China Vanke Service Co., Ltd.
  • 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.

Competitors

  • Xinyuan Real Estate Co. Ltd. Sponsored ADR
Last Updated on 8 Jul, 2020

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