{"id":105453,"date":"2019-03-27T06:15:13","date_gmt":"2019-03-26T23:15:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-and-china-vanke-report-profit-gains-and-high-debt-ratios-during-2018\/"},"modified":"2019-03-27T10:03:30","modified_gmt":"2019-03-27T03:03:30","slug":"china-evergrande-and-china-vanke-report-profit-gains-and-high-debt-ratios-during-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-and-china-vanke-report-profit-gains-and-high-debt-ratios-during-2018\/","title":{"rendered":"China Evergrande and China Vanke report profit gains and high debt ratios during 2018"},"content":{"rendered":"


\nMainland property developers China Vanke and China Evergrande Group reported upbeat profit results for 2018, along with higher debt levels.Evergrande, chaired by billionaire Hui Ka-yan, saw core profit jump 93.3 per cent to 78.32 billion yuan (US$11.88 billion) for the year, up 93.3 per cent on year, while revenue was 466.2 billion yuan, a rise of 49.9 per cent.Contracted sales came to 551.34 billion yuan, up 10.1 per cent on year. For 2019 the company expects sales of 600 billion yuan.The\u2026
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\nSource : South China Morning Post
\nRead more…China Evergrande and China Vanke report profit gains and high debt ratios during 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mainland property developers China Vanke and China Evergrande Group reported upbeat profit results for 2018,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105453","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rqR","jetpack-related-posts":[{"id":32487,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-lifts-stake-in-vanke-to-7-per-cent\/","url_meta":{"origin":105453,"position":0},"title":"China Evergrande lifts stake in Vanke to 7 per cent","date":"November 1, 2016","format":false,"excerpt":"\r Property giant China Evergrande Group has further raised its stake in rival China Vanke to 7 per cent from 6.82 per cent, according to a stock exchange statement. Vanke\u2019s Hong Kong shares hit a two-month high of HK$20.9 by 10:53 am. Its shares in Shenzhen also rose 0.8 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-stake-sale-smooths-way-for-evergrandes-much-prized-shenzhen-ipo-despite-us1b-hit\/","url_meta":{"origin":105453,"position":1},"title":"Vanke stake sale smooths way for Evergrande\u2019s much-prized Shenzhen IPO, despite US$1b hit","date":"June 13, 2017","format":false,"excerpt":"\r Despite taking a hefty loss of 7 billion yuan (US$1 billion), China Evergrande Group is still considered very \u201clucky\u201d to have extracted itself from the China Vanke takeover saga, according to analysts. Evergrande, China\u2019s largest property developer, revealed its holding in housebuilder Vanke was sold to Shenzhen Metro Group\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64796,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-first-half-profit-jumps-832pc-on-strong-sales-lower-debt\/","url_meta":{"origin":105453,"position":2},"title":"China Evergrande first-half profit jumps 832pc on strong sales, lower debt","date":"August 28, 2017","format":false,"excerpt":"\r China Evergrande Group, the country\u2019s largest property developer by sales in 2016, reported first-half profit jumped 832 per cent to 18.8 billion yuan, in line with analysts\u2019 expectations, thanks to higher selling prices for its properties and a greater volume of sales booked during the period. A poll by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49714,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-vanke-profit-climbs-16-per-cent-beating-forecasts\/","url_meta":{"origin":105453,"position":3},"title":"China Vanke profit climbs 16 per cent, beating forecasts","date":"March 26, 2017","format":false,"excerpt":"\r China Vanke, the property giant which has just emerged from a 16-month shareholders\u2019 battle, announced a better than expected 16 per cent net profit growth for 2016. Net profit for the year amounted to 21.02 billion yuan (US$3.05 billion), or 1.9 yuan per share, up 16 per cent from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shui-on-land-sells-chongqing-assets-to-china-vanke-for-4-1-billion-yuan\/","url_meta":{"origin":105453,"position":4},"title":"Shui On Land sells Chongqing assets to China Vanke for 4.1 billion yuan","date":"May 27, 2017","format":false,"excerpt":"\r Shui On Land, the property developer founded by tycoon Vincent Lo Hong-sui, has sold one of its largest mixed commercial projects in mainland China for 4.1 billion yuan (US$596.3 million). In a statement to the Hong Kong stock exchange on Friday night, Shui On said it would reap a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43137,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-country-garden-led-its-rivals-in-januarys-land-purchases\/","url_meta":{"origin":105453,"position":5},"title":"Developer Country Garden led its rivals in January\u2019s land purchases","date":"February 7, 2017","format":false,"excerpt":"\r Country Garden spent more than any other Chinese developer on land acquisitions last month as it pursues faster sales growth in a bid to catch rivals China Evergrande Group and China Vanke. The developer, which is based in Foshan city in Guangdong Province, is the mainland\u2019s third biggest property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105453"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105453"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105453\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}