Asia300

China Vanke Co., Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Oct 19, 2017
Prev close: 26.25
Oct 19, 2017
Market cap:
Market cap(USD):
333,252.14M
42,683.31M
Shares: 11,039.15M

Currency in HKD

Company profile

Market(Ticker): HKG(2202)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 58,280

Business summary

China Vanke Co., Ltd. engages in the provision of real estate. It specialises in property development with commodity housing projects. It operates through the following Property Development and Property Management business divisions. The Property Development division refers to 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.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 282,719.52M
Gross profit 84,389.36M
Operating income 40,481.48M
Income before tax 40,103.50M
Net income 24,563.20M
EBITDA 44,612.61M
Diluted EPS 2.22
Dividends per share 0.91
Total assets 926,734.55M
Total liabilities 746,361.47M
Total equity 126,563.67M
Operating cash flow 50,850.11M

Currency in HKD

Revenue 36,421.39M
Gross profit 10,871.47M
Operating income 5,215.03M
Income before tax 5,166.34M
Net income 3,164.35M
EBITDA 5,747.22M
Diluted EPS 0.28
Dividends per share 0.11
Total assets 119,530.06M
Total liabilities 96,265.57M
Total equity 16,324.16M
Operating cash flow 6,550.77M

Currency in USD

Valuation measures

Dec 2016

PER 7.97
ROA 2.96%
ROE 19.95%
Operating margin 14.31%
Profit margin 8.68%

Key executive

  • Chairman, President & General Manager: Liang Yu
  • Chief Operating Officer, Executive Director & EVP: Xu Zhang
  • Chief Financial Officer & Executive Vice President: Jia Sun
  • Executive Vice President: Chang Feng Ding
  • Chief Risk Officer, EVP & Executive Director: Wen Jin Wang

Share holders

  • Nexus Capital Management Ltd.(11.9%)
  • First State Investments (Hong Kong) Ltd.(4.7%)
  • Norges Bank Investment Management(4.3%)
  • The Vanguard Group, Inc.(4.1%)
  • Hang Seng Investment Management Ltd.(2.8%)
  • BlackRock Fund Advisors(2.2%)
  • Eastspring Investments (Singapore) Ltd.(1.2%)
  • JPMorgan Investment Management, Inc.(1.0%)
  • UBS AG (Investment Management)(1.0%)
  • APG Asset Management NV(0.8%)

Address

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

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