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
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...