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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • Evergrande Real Estate: Sales Revenue CNY 8.19 Billion In April, Up 33.1% YoY 1 comment
    May 8, 2012 10:48 PM | about stocks: EGRNF

    Source: Company Disclosure, ChinaScope Financial (Data)

    + Evergrande Real Estate Group Ltd. announced on May 7 that the company made CNY 8.19 billion in contracted sales revenue this April, up 33.1% year-on-year and 103.5% month-on-month. Meanwhile, contracted sales area reached 1.38 million square meters, up 57.8% year-on-year and 126.4% month-on-month.

    + According to Evergrande, stronger sales campaign efforts have led to the performance improvement. In April, the company launched seven new projects, raising the number of sale projects to 143.

    Evergrande (3333.HK) realized significant month-on-month sales value growth in April 2012. In year-on-year terms Jan-April cumulative sales value decreased for Evergrande and increased for other developers. All companies have seen declining average sales prices.

    (click to enlarge)(click to enlarge)

    Stocks: EGRNF
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  • cleveryj
    , contributor
    Comments (2) | Send Message
    China's Real Estate Businesses declines because the over-production of real estates, drawed by the large profits earlier. Evergrande is a powerful developper on this area as it's property and accurate market analysis. Also, such a group contribute large in China's soccer businesses by invested a successful club of it's corperation. But some boundries seems to make annoyed of us as a HengTong Group, produces electronic swithes, produces with out pay the true compensate for it's original developpers. As a result of poor human resource management in China, it is not something very special!!
    23 May 2012, 02:04 AM Reply Like
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