国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

China Vanke profits jump 42% in Jan-Sept

(Xinhua) Updated: 2012-10-24 14:16

BEIJING -- China Vanke, the country's biggest property developer, said on Wednesday that its profits surged 41.7 percent year-on-year to 5.08 billion yuan ($806.35 million) during the first three quarters of 2012.

Vanke's sales hit 96.32 billion yuan during the first nine months, slightly down from 97.08 billion yuan during the same period last year. But average selling prices fell 8.8 percent from the previous year, according to a statement filed to the Shanghai Stock Exchange.

A number of residential projects developed by Vanke will go on sale in the fourth quarter, which will ensure the company achieves sales growth this year, according to Tan Huajie, Vanke board secretary.

Besides Vanke, some smaller property developers also reported soaring profits for the July-Sept period, suggesting an overall recovery in the country's property sector.

Profits at Tianjin Jinbin Development Co skyrocketed 124 percent year-on-year to 11.32 million yuan during the period, while Guangdong Wedge Industrial Co saw its third-quarter profits increase more than five-fold, reaching 17.84 million yuan.

Data from the central bank also reflected that developers may have passed through the most difficult time, as lenders stepped up lending to the real estate sector in the third quarter.

Financial institutions had 11.74 trillion yuan in outstanding loans to the property sector as of the end of last month, up 12.2 percent year-on-year, the People's Bank of China said earlier this week.

The growth rate was 1.9 percentage points higher than that of the end of the previous quarter.

Housing development loans have been the fastest-growing segment, rising 12.1 percent during the three-month period, up 0.8 percentage point at the end of the second quarter.

Property developers have felt the pinch in recent years, as the government took a series of tightening measures to rein in the runaway market, including a ban on third-home purchases and increased down payment requirements.

Thirty-one major Chinese cities recorded higher new house prices than a month earlier in September, down from 36 in August, data from the National Bureau of Statistics shows.

Vanke's shares rose 0.48 percent to 8.44 yuan at 11 am on Wednesday.

Hot Topics

Editor's Picks
...
阳春市| 孟津县| 济宁市| 洛南县| 甘德县| 桑日县| 桃源县| 六安市| 临猗县| 泊头市| 龙陵县| 林州市| 友谊县| 察哈| 和政县| 江北区| 九江县| 黄浦区| 巴里| 凤庆县| 璧山县| 汨罗市| 涿鹿县| 田林县| 乌拉特前旗| 仪征市| 澄江县| 九江县| 高陵县| 东乌珠穆沁旗| 石景山区| 崇阳县| 峨山| 崇义县| 瑞丽市| 云和县| 通江县| 环江| 伊川县| 永仁县| 成安县|