Evergrande Made a Record of RMB13.71b in Net Profit, 50% More Than Last Year

 Evergrande Made a Record of RMB13.71b in Net Profit, 50% More Than Last Year

PR Newswire

BEIJING, March 31, 2014

BEIJING, March 31, 2014 /PRNewswire/ -- Evergrande Real Estate Group Limited
released on March 31 its 2013 Annual Report, which shows that the total assets
of the Company reached RMB348.15 billion, 45.7% more than the previous year.
The real estate sales increased both in price and quantity and the operating
effects further improved, enhancing the Company's leading position in the
industry. An original report by Sina Leju follows:

The annual report shows that the total assets of the Evergrande are RMB348.15
billion, 45.7% more than the previous year, ranking first amount mainland real
estate enterprises in Hong Kong; the total floor area under construction is
39,480,000sqm, ranking first in China; the completed floor area is
19,382,000sqm, 41.1% more than the previous year, ranking first in China; the
Company is operating in 147 domestic cities, ranking first in China in term of
city numbers; and the total number of projects is 291.

Evergrande achieved an excellent business performance in 2013. The operating
revenue was RMB93.67 billion, 43.5% more than the previous year, ranking first
among domestic real estate enterprises in Hong Kong and the net profit was
RMB13.71 billion. The data also show that Evergrande, ever since the
procurement of land, has paid RMB137.0 billion in land price, which signifies
the Company's robust and strong financial status. At the end of 2013,
Evergrande recorded RMB53.65 billion in cash balance, ranking first in China
and the available fund was RMB102.04 billion, laying a firm foundation for the
sustainable development in the future.

Evergrande Real Estate Group Limited recorded sales over RMB100.0 billion in
2013, doubling the sales in a matter of three years only. In 2014, the sales
target is set at RMB110.0 billion.

SOURCE Sina Leju

Contact: Zhou Guangyan, 18675873345, Email: 524708716@qq.com
 
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