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1175044544390581510574220 20 WEDNESDAY MARCH 28, 2007 SPECIALSUPPLEMENT CHINA DAILY Top 10 Developers in terms of Comprehensive Strength Fresh list of top 100 Ranking Company Name 1 China Vanke Co Ltd 2 China Overseas Land and Investment Ltd 3 Hopson Development Holdings Limited developers released 4 Beijing Capital Development Holding (Group) Co Ltd 5 Poly Real Estate Group Co Ltd A list of the top 100 Chinese construction area of 54.64 mil- the China Real Estate TOP 10 real estate developers was lion square meters and total Research Team. 6 Hengda Real Estate Group recently released in Beijing by completed area of 14.86 million ■ Three main forces 7 Dahua (Group) Co Ltd the China Real Estate TOP 10 square meters. Many of the 2007 Star De- 8 GreenTown Real Estate Group Co Ltd Research Team. China Vanke Co Ltd topped velopers are non-governmental 9 New World China Land Limited Originally composed of the the CS top 10s both in total fi rms, such as Fujian Zhenro 10 Forte (Group) Co Ltd Enterprise Research Institute investment amount and com- Group Co Ltd and Shanghai of Development Research Cen- pleted area. Zenisun Investment Group ter of the State Council of China, The average annual sales Co Ltd. the Institute of Real Estate Stud- growth rate of the CS Top 10s The State-owned 2007 Star ies of Tsinghua University and went up 38.25 percent in the Developers, such as Beijing the China Index Academy, the last three years and the average Urban Construction Invest- research team was joined in annual core business revenue ment and Development Co Ltd Top 10 Developers in terms of Size November 2006 by China Real growth rate reached 45.33 and Beijing Gem Real Estate Ranking Company Name Estate Association, further en- percent, while the average Development Co Ltd, are well 1 China Vanke Co Ltd hancing its authority as a mar- annual net profi t growth rate known on the Chinese prop- ket indicator and stimulated the was 87.88 percent. Reserved erty market. 2 Shanghai Industrial Real Estate conversion of research results land area was 167.66 million The market share of foreign- 3 Beijing Capital Development Holding (Group) Co Ltd into guidelines for industry square meters, a 51-percent in- funded 2007 Star Developers 4 China Overseas Land and Investment Ltd productivity. crease compared to that of the was also considerable. Among 5 Hopson Development Holdings Limited The annual study has been 2006 CS Top 10s, which built a them are Fujian Rong Qiao 6 conducted since 2004 and its solid foundation for sustainable Group Co Ltd, Excellence Group New World China Land Limited findings have been widely growth of the developers. Co Ltd and SPG Land (Holdings) 7 Shanghai City Land Group Co Ltd accepted by governments and In terms of profi tability, the Limited. 8 China Enterprise Company Limited financial institutions as an average net profi t of the CS Top ■ Core competitiveness 9 Sunshine100 Real Estate Co Ltd important standard for judg- 10s stood at 1.28 billion yuan. Some of the 2007 Star De- 10 Shanghai Zhonghuan Investment Development ing developers’ comprehensive China Overseas Land and velopers showed exemplary strength in the real estate Investment Ltd, with a net competitiveness in the real (Group) Co Ltd industry. profi t of $295.62 million, took estate business involving de- One of the purposes behind fi rst place again. velopment integration, design, researching the top 100 Chi- Average annual returns on construction, marketing and nese real estate developers is assets (ROA) of the CS Top property management. Among to identify a group of excellent 10s was 5.57 percent in the them were Construction Hous- real estate developers, which last three years, while average ing Group Co Ltd, Zhejiang Top 10 Developers in terms of Profi tability leads the market with supe- annual returns on equity (ROE) Zhong’an Real Estate Develop- rior overall strength, effi cient was 18.28 percent. ment Co Ltd and Rise Sun Real Ranking Company Name management system, and The average annual debt asset Estate Development Co Ltd. 1 China Overseas Land and Investment Ltd makes greater contributions ratio of the CS Top 10s was 66.86 Some of the Star Developers to society. percent for the last three years. are diversifying into other 2 China Vanke Co Ltd Moreover, through compre- ■ Size fields while focusing their 3 GreenTown Real Estate Group Co Ltd hensive and intensive analysis The total assets of top 10 de- main business on real estate 4 Hopson Development Holdings Limited of developers’ profi les, taking velopers in terms of size (S Top development. Such developers 5 Poly Real Estate Group Co Ltd into account such features as 10s) were 239.89 billion yuan, ac- include Beijing North Star 6 Financial Street Holding Co Ltd size, profitability, debt pay- counting for 32.8 percent of the Company Limited, Heung ment ability, growth potential Top 100s, while their net assets Kong Southern Group Co Ltd, 7 Shanghai Sansheng-Hongye Investment Group and taxation, the research aims were worth 82.8 billion yuan. Paragon Group (Guangzhou) 8 Jiangsu Xincheng Real Estate Co Ltd Planned Floor Space and Reserved Land Space of at encouraging Chinese real es- With investments totaling Limited and Zhejiang Hongrun 9 Ningbo Yinyi Group Co Ltd TOP 100s in 2002-2006 tate developers to concentrate 60.36 billion yuan, the S Top Holding Co Ltd. 10 Neo-China Group (Holdings) Limited more on brand building and 10s have completed a total con- ■ Diverse projects 500 80% sustainable growth. struction area of 10.03 million Project developments by the square meters out of planned 2007 Star Developers are diver- 400 61.8% 397 Common features areas of 29.56 million square sifi ed in their goals. 381 60% ■ The steady increase of meters, to earn 62.96 billion Residential projects, such 50.6% net assets indicates continu- yuan in business revenues. as Changheyu Villa by Beijing 292 291 300 ous growth of the top 100 real Backed by assets worth over North Star Company Limited, Top 10 Developers in terms of Growth 36.0% 36.2% 40% estate developers. 40 billion yuan, Beijing Capital Senlin Villa by Shanghai CRED 31.0% Ranking Company Name 200 The assets of the top 100 Development Holding (Group) Real Estate Stock Co Ltd and 1 Shanghai Industrial Real Estate 240 30.8% real estate developers (the TOP Co Ltd, China Vanke Co Ltd, Yanhaisailuocheng by Coastal 136 222 100s) increased dramatically and Hopson Development Greenland Group focus on en- 2 Sino-Ocean Real Estate Development Co Ltd 205 20% 100 109 176 21.7% in 2006. Average total assets Holdings Limited are regarded vironmental protection. 3 Hengda Real Estate Group reached 7.31 billion yuan, and as capital magnates in the real Some projects are infused 4 Dahua (Group) Co Ltd 8.6% average net assets were 2.5 bil- estate industry. with culture insights, such as 0 0% lion yuan. ■ Profi tability Zhongkedaxuecun by Shanghai 5 Forte (Group) Co Ltd 2002 2003 2004 2005 2006 Average Planned Floor Space The average growth rate of The total net profi t of top 10 Zenisun Investment Group Co 6 Chongqing Jinke Industrial (Group) Co Ltd Average Reserved Land Space total and net assets of the TOP developers in terms of profi t- Ltd, Bishanlinhai by Xiamen 7 Nanjing Chixia Development CO Ltd Growth Rate of Planned Floor Space 100s was 38.8 and 59.4 percent ability (P Top 10s) was 9.5 bil- Yuzhou Group Co Ltd and 8 Shanghai Urban Development Group Co Ltd Growth Rate of Reserved Land Space respectively, representing 16.1 lion yuan. China Vanke Co Ltd Zhong’an-Shanshuiyuan by and 5 percent increase year-on- and China Overseas Land and Zhejiang Zhong’an Real Estate 9 Wuhan Fuxinghuiyu Real Estate Co Ltd year respectively. Investment Ltd have enjoyed Development Co Ltd. 10 Shanghai SITICO Real Estate Co Ltd ■ Average growth rate of real net profi t worth over 2 billion Residential developments estate investment of the TOP yuan each. combining both these features 100s has been on the rise and The ROA of China Overseas include Shihuashui’an by Bei- their reserved land space has Land and Investment Ltd, Hop- jing Urban Construction Invest- shown consistent increase. son Development Holdings Lim- ment and Development Co Ltd, Total investment value and ited, China Vanke Co Ltd, and Yulongshanzhuang by Wuhan Sales Volume and Total Revenue of TOP 100s growth rate of the TOP 100s other developers ranged from 6 Universe Industry Group and 2007 Star Developers in 2002-2006 in 2006 averaged 2.43 billion to 10 percent while the ROE of Rongqiaobandao by Fujian yuan and 43.4 percent respec- the P Top 10s went up by 1.59 Rong Qiao Group Co Ltd. Developers 30 (100 million yuan) 50% tively, representing 4.6 per cent percent in 2006, representing a ■ Cross-regional expansion Beijing North Star Company Limited 44.0% 42.1% increase year-on-year. steady upward trend. The 2007 Star Developers ■ Xiamen Yuzhou Group Co Ltd 40% As macroeconomic control is Growth are widely recognized on the 34.8% in favor of real estate develop- The top 10 developers in regional market, and include Beijing Urban Construction Investment and Development Co Ltd 31.0% 38.5% 20 27.4% ers’ cross-regional expansion, terms of growth (G Top 10s) Fujian Zhenro Group Co Ltd, Changsha Real Estate (Group) Co Ltd 30% the TOP 100s were able to have won substantial advan- Jilin Yatai Real Estate Ltd Co, Fujian Rong Qiao Group Co Ltd 28.5% continually enhance their real tages in terms of reserved land and Guangxi East Hangyang 25.1% Shenzhen Fuchun Orient Group Co Ltd 16.1 estate investments.
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