Vanke: Sep Sales Value CNY 12 Bn, Down 3.76 Percent YoY

Source: Company Disclosure, ChinaScope Financial (Data)

+       According to the sales results released by China Vanke (000002: SHE), the company’s sales volume was 1.05 million square meters in September, down 2.78 percent year-on-year, and sales value was CNY 12.04 billion, down 3.76 percent year-on-year.

+       Over the first nine months of this year, China Vanke made 9.08 million square meters in sales volume, up 7.93 percent year-on-year, and CNY 96.32 billion in sales value, down 0.78 percent year-on-year.

+       In September, the company launched nine real estate projects, which are located in the cities of Guangzhou, Dongguan, Qingdao, Qinhuangdao, Kunshan, Guiyang, and Kunming.

+       Related Data: Company Data

    

China Vanke (000002.SHE)’s land purchases have returned to last year’s level, reflecting restored faith in the sector and the company’s strong cash position.

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