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Finance

China Vanke Co., Ltd.

  • 31.10 HKD
  • +0.05
  • +0.16%
  • China
    Jul 19, 2019
  • Ticker
    HKG(2202)
  • Prev. close
    31.05
  • Market cap (HKD)
    387,977M
  • Market cap (USD)
    49,704.40M
  • Shares
    11,302.10M

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
Revenue325,136.46M41,484.47M
Gross Profit104,704.59M13,359.36M
Operating income69,990.50M8,930.15M
Income before tax72,465.23M9,245.90M
Net income40,002.14M5,103.91M
EBITDA83,121.17M10,605.51M
Diluted EPS3.620.46
Dividends Per Share1.190.15
Total Assets1,743.12B222,639.99M
Total liabilities1,474.43B188,321.46M
Total equity177,626.73M22,687.29M
Operating cash flow49,785.37M6,352.16M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 185,404.73M 242,901.90M 282,719.52M 257,340.02M 325,136.46M
Gross Profit 56,333.64M 72,495.77M 84,389.36M 72,753.97M 104,704.59M
Operating income 26,115.05M 36,420.35M 40,481.48M 49,010.27M 69,990.50M
Income before tax 29,464.68M 38,743.04M 40,103.50M 54,132.57M 72,465.23M
Net income 19,816.11M 22,349.93M 24,563.20M 32,346.18M 40,002.14M
EBITDA 28,857.28M 39,596.47M 44,612.61M 58,056.98M 83,121.17M
Diluted EPS 1.79 2.02 2.22 2.92 3.62
Dividends Per Share 0.63 0.83 0.91 1.06 1.19
Total Assets 635,498.65M 729,584.87M 926,734.55M 1,398.93B 1,743.12B
Total liabilities 490,634.43M 566,898.54M 746,361.47M 1,174.84B 1,474.43B
Total equity 110,203.58M 119,569.62M 126,563.67M 159,269.46M 177,626.73M
Operating cash flow 53,582.58M 21,985.01M 50,850.11M 97,952.77M 49,785.37M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 23,908.74M 31,331.77M 36,421.39M 33,022.72M 41,484.47M
Gross Profit 7,264.46M 9,351.18M 10,871.47M 9,336.03M 13,359.36M
Operating income 3,367.64M 4,697.84M 5,215.03M 6,289.16M 8,930.15M
Income before tax 3,799.59M 4,997.44M 5,166.34M 6,946.47M 9,245.90M
Net income 2,555.37M 2,882.90M 3,164.35M 4,150.76M 5,103.91M
EBITDA 3,721.27M 5,107.52M 5,747.22M 7,450.06M 10,605.51M
Diluted EPS 0.23 0.26 0.28 0.37 0.46
Dividends Per Share 0.08 0.10 0.11 0.13 0.15
Total Assets 81,948.54M 94,138.15M 119,530.06M 178,953.76M 222,639.99M
Total liabilities 63,268.07M 73,146.77M 96,265.57M 150,287.61M 188,321.46M
Total equity 14,210.92M 15,428.03M 16,324.16M 20,373.97M 22,687.29M
Operating cash flow 6,909.70M 2,835.83M 6,550.77M 12,569.62M 6,352.16M

Valuation Measures

Dec 2018
PER7.34
ROA2.54%
ROE23.74%
Operating margin21.52%
Profit margin12.30%

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%)
  • BlackRock Fund Advisors (2.6%)
  • Norges Bank Investment Management (2.3%)
  • JPMorgan Investment Management, Inc. (1.8%)
  • Investec Asset Management Ltd. (1.7%)
  • JF Asset Management Ltd. (1.6%)
  • Aberdeen Standard Investments (Asia) Ltd. (1.5%)
  • First State Investments (Hong Kong) Ltd. (1.5%)
  • Vontobel Asset Management AG (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

  • 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.
  • Fuzhou Vanke Real Estate Co., Ltd.

Competitors

  • Xinyuan Real Estate Co. Ltd. Sponsored ADR
Last Updated on 19 Jul, 2019

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