Welcome!

News Feed Item

Evergrande Ranks Top 2 for Four Consecutive Years Among the Released Top 500 Chinese Real Estate Enterprises in 2014

BEIJING, March 19, 2014 /PRNewswire/ -- On March 19, 2014, the assessment result of top 500 Chinese real estate development enterprises was released, and it was revealed that Vanke and Evergrande ranked No.1 and No.2 again respectively by virtue of the preeminent comprehensive strength upon integrated survey of enterprise scale, risk management, profitability, growth potential, operation performance, innovation capacity, social responsibility and other indexes. The appraisal of top 500 real estate enterprises was co-sponsored by China Real Estate Institute, China Real Estate Association and China Real Estate Assessment Center.

An original report by Sina Leju follows:

Notably, on various rankings, Evergrande ranked No.1 in terms of five indexes, including top 10 in comprehensive development, top 10 in city coverage, top 10 in innovation capacity, top 10 in tourism real estate, and top 10 in responsible real estate, creating the most records of No.1 in single index ranking. It was reported that in 2013, Evergrande achieved the sales volume of RMB 100.397 billion and the full-year sales area of 14.894 million square meters, with more than 290 large-scale projects covering over 140 cities throughout the country.

It was reported that Evergrande had implemented the "112 Plan" in 2013 -- "one optimization, one decrease and two increases". Evergrande not only developed in the first-tier cities to acquire land reserves for new project optimization, but also issued the senior notes of USD 1.5 billion twice, so that the Company's annual interest rate of five-year dollar bonds decreased to 8.75%, with significant reduction in the overall financing cost, unanimous recognized by the international investment banks. According to the insiders, this would significantly increase Evergrande's cash flow, promoting Evergrande to further become bigger and stronger, and consolidating its scale advantage and its leading position in the industry.

It was reported that, from the point of view of scale, in 2013, the total sales volume of top 10 real estate development enterprises was up to RMB 1078.98 billion, accounting for 33% of that of top 500 real estate development enterprises, with an increase of 1% compared to that in 2012. From the point of view of real estate enterprise sales concentration ratio, the market share of top 10 real estate enterprises increased from 12.37% in 2012 to 13.25% in 2013, another record high. From the point of view of enterprise ranking threshold, in 2013, the number of enterprises of RMB 100 billion increased from 3 to 7, and the number of enterprises of more than RMB 50 billion increased to 11, indicating that the competitive situation of the entire industry was increasingly fierce. Notably, Vanke and Evergrande had ranked top 2 among the real estate enterprises for four consecutive years.

According to the experts, "the future real estate will still play an important role in the national economic strategy of 'steady development and structural adjustment'." With the increase in the industry concentration ratio, the leading enterprises with high regional diversification degree, clear growth strategy and steady financial management will have a better development. The development status of Vanke and Evergrande will significantly influence the overall competitive situation of the industry.

SOURCE Sina Leju

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Did you know that you can develop for mainframes in Java? Or that the testing and deployment can be automated across mobile to mainframe? In his session at @DevOpsSummit at 20th Cloud Expo, Vaughn Marshall, Sr. Principal Product Owner at CA Technologies, will discuss and demo how increasingly teams are developing with agile methodologies using modern development environments and automating testing and deployments, mobile to mainframe.
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
As pervasive as cloud technology is -- and as persuasive as the arguments are for using it -- the cloud has its limits. Some companies will always have security concerns about storing data in the cloud and certain high-transaction applications will always be better suited for on-premises storage. Those statements were among the bottom-line takeaways delivered at Cloud Expo this week, a three day, bi-annual event focused on cloud technologies, adoption and associated challenges.
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Quickly find the root cause of complex database problems slowing down your applications. Up to 88% of all application performance issues are related to the database. DPA’s unique response time analysis shows you exactly what needs fixing - in four clicks or less. Optimize performance anywhere. Database Performance Analyzer monitors on-premises, on VMware®, and in the Cloud, including Amazon® AWS and Azure™ virtual machines.
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Judith Hurwitz is president and CEO of Hurwitz & Associates, a Needham, Mass., research and consulting firm focused on emerging technology, including big data, cognitive computing and governance. She is co-author of the book Cognitive Computing and Big Data Analytics, published in 2015. Her Cloud Expo session, "What Is the Business Imperative for Cognitive Computing?" is scheduled for Wednesday, June 8, at 8:40 a.m. In it, she puts cognitive computing into perspective with its value to the busin...