BEIJING, March 27, 2013 /PRNewswire/ -- On March 26, Evergrande Real Estate released 2012 performance report in Hong Kong, with a number of key indicators ranked No. 1, and total assets soared by 33.5 percent to 238.99 billion yuan (RMB, the same below) on a year-on-year basis, ranking No. 1 in housing enterprises in Hong Kong stocks. An original report by Sina Leju follows. The performance report shows that annual sales of Evergrande is 92.32 billion yuan in 2012, continuing to hold the first post in housing enterprises in Hong Kong, with a year-on-year growth of 14.8%, turnover of 65.26 billion yuan, ranked No. 1 in housing enterprises in Hong Kong. Accumulative sales area is 15,485,000 square meters, ranking No. 1 in China. Net profit is 9.18 billion yuan, being one of the top three in the industry, which still consolidates the position of real estate enterprise with small profits but quick turnover in China. In addition, Evergrande offers eye-catching indicators of annual report in capital and debt ratio. The data show that as of December 31, 2012, Evergrande had available fund up to 61.56 billion yuan, including 25.19 billion yuan in cash and unused bank line of 36.37 billion yuan. After successful implementation of allotment of shares in January this year, the company's cash has been further enriched, and net debt ratio dramatically drops 26.3 percentages compared to that of the first half of 2012, falling back under the safety line of the industry. Based on the recognition of good sales performance and sound financial condition, Standard & Poor released a report on February 19, revising Evergrande's rating outlook as "stable", and confirming to upgrade its long-term corporate credit rating to "BB". S & P pointed out that Evergrande had good cost control and growing scale merit. It's expected that Evergrande will realize or exceed a sales target of 100 billion yuan in 2013. In addition, Goldman, Merrill, Haitong International and other international investment bank also released a report on the 27 th to maintain Evergrande's "buyout" rating. Goldman referred Evergrande's target price is HKD 4.7, up 34.7% compared with the closing price on the 26 th. Haitong International believed it's not difficult for Evergrande to achieve a sales target of 100 billion in 2013 and pointed out the completion target of Evergrande this year was 17.5 million square meters, an increase of 27% year-on-year growth. The growth of its planned new working will also support the profit growth in the future. Merrill Lynch reported that Evergrande's management formulated a five-year development plan, with an average contract sales growth of 20–30%, annual average profit growth of 20–30%, and average increase of land bank of less than 10% etc. If Evergrande's commitment is honored, the stock price can be expected to be raised.