129774133230468750_346Research and evaluation of listed enterprises annual report: 20 average profit of close to 50% from more than hundred per cent lower than the performance of listed companies to disclose, average profit of 81 companies for only $ 450 million, among which there are more than 20 listed property developer profit per cent lower than an average close to 50%. To growth, for example. 2011 national commercial residence sold 4.86 trillion yuan, up growth from 2010 slow to 14.8% of. As of March 15, have been published more than more than 100 listed enterprises performance in 2011 news or forecast. Among them, publish the full text of the annual report of 26. Is particularly pointed out that, in addition to ST enterprise, zhonghong [US News] property first to publish annual reports, regardless of their performance, such asWhat, this approach to a certain extent, reflect the enterprises on the importance of the annual reports, and other listed housing and enterprise learning. Also would like to stress is that of more than 50 billion "first tier" companies, not including branches, other companies also do not publish the full text of the annual report. In accordance with the practice in previous years, in late March, agencies release top housing and enterprise, may be listed on the Fortune 500 and and Enterprise tOP10 ranking, does not know the data basis and come from. Annual report of this "difficult" reasons, listed enterprises performance in 2011 and probably directly related to slower growth rates, declining profitability.����Accordingly, the difficulty of compiling, processing of annual reports is increasing, time will of course delay. From more than hundred performance of listed companies to disclose, fully confirmed the author the first threeConclusion of the passage. For example net profit targets. 81 enterprises: viewed only 450 million Yuan
tera power leveling, of which there are over 20 listed real estate developer profit per cent on average fell by almost 50%. To growth, for example. 2011 national commercial residence sold 4.86 trillion yuan, up growth from 2010 slow to 14.8% of. Listed enterprisesIn this context is a 70% enterprise sales slowdown problem occurs. In fact, has already been announced sales of China vanke, and poly [latest news], gold and gold branch sales growth from 2010, 71%, and 34% respectively, seen, 12%, and 9%. But the high amount of Advance Received from Customers will still be able to support 2011-rapid growth in annual revenues of about 20%.����Benefit from 2011 average sales increases, listing 2011 settlement housing and Enterprise gross margins or upstream (40% per cent), but net profit margin or under the influence of such factors as rising taxes and expenses for the period and most likely 1%-2%. By reading the letters and annual reports, in particular enterprise performance increased dropAnalysis of the causes of, also confirmed the author over the years used to say a word: structured market! The so-called reasonable structure, embodied in the "three balance": a different city is the structural balance of the market, the second is a balance of different grades of products structure, three are short and long periodic structure of the line balance. Comes down to a balance, is to achieve profitability project and is nowThe overall balance of payment items. Some companies, such as SOHO China, Greentown, decline in performance occurs quickly, appears to be under the influence of policy
tera power leveling, but why the same policy environment, some enterprises to achieve rapid growth in reverse? Whether the structure is a very good reason behind it. Strategic layout is mainly in first-line of the SOHO House for more urban development asThe primary. Although largely in the restriction of the nature of its products, its market structure layout of the project focused on Beijing-Shanghai (restriction of policies more severe), and their target customer base dominated by speculative investment clients ("departure"). As we all know, green city product position in the high-end, layouts and projects primarily in the Yangtze River Delta cities and one or two lines, a clear policy-regulationThe most obvious market. Agile is also similar. 2011 agile generated total sales of $ 31.52 billion, completed a sales target for the year of 85%. The same period, the agile only to $ 4.105 billion in net profit for the year, compared to $ per cent in 2010, decline of about 30%. The reason behind the decline is that agile projects are mostly concentrated inPearl River Delta, and Hainan, market structure is not balanced.����Instead, those before and after the 2010 has been adjusted the project structure or project structure more reasonable companies, bucked the gains in nearly all. Green, for example. In 2011, the Green Group operating income reached $ 230 billion, real estate revenue more than 77 billion yuan, up to increaseLong 50%. At the time of the performance evaluation of green space, its Chairman Zhang Yuliang summarizes: endogenous power structure is green space development. According to Zhang Yuliang, adjustment consists of two levels, one is adjusting the industrial structure, stronger and in energy, finance is the core of integrated industry; second, adjusting structure of real estate projects, and said, "adjustments will continue and deepen this year". RAND Advisory based on yearsStrategic analysis found on the Green, green space in 2011 and adjust the layout of the market structure, the "limited circumstances as a whole in the first-tier cities market, transferred to the main two or three cities". We know that the layout ahead two or three lines of urban enterprises were less affected by the policy, such as a constant, such as vanke, Poly, green space as well. Further statistics found that green nowReal estate development projects all over the country's 24 provinces in 60 cities, most concentrated in two or three tier cities in Liaoning, Heilongjiang, Jiangsu, was to achieve a deep, multi-point layout of provinces. In addition to adjusting the market structure, green also accelerated the adjustment of product structure, Wuhan, Zhengzhou, Dalian and other cities to launch a number of super high-rise complexes. 2011 at Chengdu, WuJiang won the super senior complex. Built green and Super tall landmark building under construction currently has up to 15, of which 3 was ranked top ten in the world. I have said in a media interview, this complex is the next generation of green synthesis of form, because it responds to and meet the needs of urban city in a two or three line grade, also has a very strong market demand. GreenResidential projects mainly in the General House, in addition, 2011 commercial product account for real estate sales amount of green space near 40% (commensurate with the proportion of China resources land), and further "strong support overall steady growth in performance".����As said by the head of green, "structural adjustment, were benefited by green in 2011". Then to ChinaRun reset
tera gold, for example. On March 9, China resources land 2011 Annual Conference was held in Hong Kong. Results showed that last year, China resources achieved a consolidated turnover of 35.795 billion Hong Kong dollars, an increase of 39.1% total gross margin increased from 10.152 billion Hong Kong dollars in the previous year to 14.182 billion Hong Kong dollars, rose 39.7%. Period, the companyResidential agency 35.958 billion yuan, representing a rise of 61.5%; 2.9776 million square meters of sales area, an increase of 36.5%. In response to a performance causes of rapid growth, the company's Chairman Wang Yin boils down to two points, one is "six houses, 40% investment property", before and after the second, 2009 "China resources land has adjusted the productPolicy ". RAND Advisory CR all through the project analysis found that the company for home customers, development of small-scale already accounted for the entire home sales 80%; high-end projects have been adjusted to the percentage is less than 20%, and two-thirds of the project distributed over two or three cities. , Which are consistent with the current regulation policy-meeting the need, goingSpeculative investment. You can say, cause of the rapid growth of China resources land performance is "urban layout of improvement and optimization of product structure". In addition, as of March 7, CRC had achieved the amount of residential Agency 4.371 billion yuan this year, plus the locked will be settled in 2012 turnover of 18.611 billion yuan, is more than last year, residential settlement of 72%�� At the same time, China resources land this year decided to "further strengthen internal management, cost control, cost control management, optimizing product structure".����Therefore, the company's rapid growth, this year will be fully. Structured market.����I wish there were more developers can remember the words. At the time of writing this article, China vanke longhu was released on March 12 and2011 full text of the annual report. I I on Twitter on China vanke wrote comments on three points: 1, $ 71.78 billion in revenue, $ 121.54 billion contract sales, a difference of $ 49.76 billion. End sold open area of 10.85 million square meters, the corresponding contract amount of $ 122.2 billion �C almost 2011, enough to ensure 2012 yearRecord. And 2 branches of the average selling price reached $ 11,303/�O, last year was $ 12,049/�O, that the policy has achieved initial success, but there is room to adjust. 3, clearing the net rate of 15.01%, down 0.51%--and judgments are almost exactly the same: NET fall in interest rates in the industry's best-around 0.5%, the industryEnterprise "Twelve-Five" period, the net interest rate fell to 15% in 10%--an average annual decline of 1%! (Song Yanqing, President of RAND consultancy/text)
Others:
No comments:
Post a Comment