Top 20 Chinese private companies 2012
- By Zhang Junmian
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E-mail China.org.cn, September 6, 2012
Evergrande Real Estate Group 恒大地产集团有限公司
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Evergrande Real Estate Group [hexun.com] |
Ranking 2012: 19; Revenue 2011: 61.9 billion yuan (US$9.8 billion)
Ranking 2011: 20; Revenue 2010: 45.8 billion yuan (US$7.3 billion)
Sector: Real estate
Headquarters: Guangdong
Website: http://www.evergrande.com/EN/index.aspx
Founded in 1997, Evergrande Real Estate Group (Evergrande Group) is a large-scale, modern property developer focusing on planning, design, development, construction and management businesses. Presently, the Guangzhou-based company has over 200 major ongoing projects in more than 120 Chinese cities. The company listed on the Hong Kong Stock Exchange in 2009. Evergrande's total assets jumped by 71.4 percent from 104.5 billion yuan (US$16.6 billion) in 2010 to 179 billion yuan (US$28.4 billion) in 2011. Net profits also climbed from 8 billion yuan (US$1.3 billion) in 2010 to 11.3 billion yuan (US$1.8 billion) in 2011. In 2012, it ranked 170th among the top 500 Chinese companies, and 769th on Forbes' Global 2000 list in 2012.
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