A recent survey of the financial performance of China’s listed property developers shows that Vanke once again ranks as the most profitable in the industry.
The survey, by China Economic Weekly examined the 2012 annual reports of China’s leading A-share real estate firms in terms of net profit. During the period, Vanke achieved net profit of RMB 15.66 billion.
Following close behind Vanke were Poly Real Estate Group, Gemdale and China Merchants Property Development. The four firms respectively ranked 18th, 30th, 57th and 58th, on the overall list of the 100 most profitable A-share public companies in China for 2012.
Overall, the survey found that the profits of these listed developers rose an average of 15 percent year on year. Moreover the combined balance sheets of the firms included in the survey totaled RMB 1.56 trillion – the highest total of any industry surveyed by the publication.
The biggest mover on the list was Gemdale, which jumped to number three on strong performance during 2012. On the losing side of the scale, Beijing Capital Development, which ranked sixth in 2011, now ranks 10th, and Beijing Urban Construction Group, which ranked ninth in 2011, has dropped out of the top 10.
Here’s the list of China’s top 10 most profitable A-share real estate companies in 2012 with their net profits.
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