This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

With RMB84.63 Billion Sales Revenues In The Past 11 Months, Evergrande Surpasses Its Annual Sales Target Ahead Of Time

BEIJING, Dec. 5, 2012 /PRNewswire/ -- As reported by Sina Leju, Despite the rigid control over real estate and the continuing market downturn, demand has remained strong and has become the market mainstream. Evergrande, which has consistently focused on tier-2 or tier-3 cities, has achieved over RMB10 billion of sales again in November, performing brilliantly in spite of the adverse market trend and surpassing its annual target of RMB80 billion of sales.

According to the sales bulletin released by Evergrande on December 4, the company chalked up RMB11.79 billion of contract sales in November, a 850.8 percent growth compared with the same period of last year; sold about 2 million square meters under contract, a 1100.6 percent growth compared with November 2011 and remained the national No. 1; and realized an average sale price of RMB5955 per square meters, registering a month-on-month rise of 6.5 percent.



This year, Evergrande has kept hold of the market trend accurately and started to hit out hard in Q2 to maintain the momentum of a steady growth in overall sales. By November, sales of more than RMB10 billion have occurred in three months, such as a RMB10.37 billion sale in May, a RMB14.26 billion sale in October and a RMB11.79 billion sale in November.

The bulletin shows that from January to November, Evergrande brought in a sale income of RMB84.63 billion, reaching its annual target of RMB80 billion ahead of time, surpassing the target by 5.8 percent and exceeding last year's sales by 5.3 percent. It also cumulatively sold about 14.3 million square meters, which exceeded the figure of last year by 16.9 percent and remains the national No. 1. In November, Evergrande launched 6 new projects, which increased the total of the projects on sale to 174.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs