1 Behind it, Vanke's share price broke through the unsatisfactory third quarterly report. 2002110/On October 28th, Vanke released the 20021third quarterly report, which still increased revenue without increasing profits.
2. The sales in the third quarter dropped sharply. The third quarterly report shows that in the first three quarters, Vanke achieved a total sales area of 29.464 million square meters, a year-on-year increase of-9.8%; Sales amounted to RMB 4,796,543.8+0.3 billion, representing a year-on-year decrease of -2.8%. In the third quarter, Vanke achieved a sales area of 7.547 million square meters, which was -36.5% year-on-year. Sales reached 65.438+024.68 billion yuan, a year-on-year increase of -27.6%. The decline exceeded the national average level of commercial housing published by the National Bureau of Statistics (year-on-year-12.5%, year-on-year-14. 1%).
3. Increased marketing expenses. The third quarterly report shows that Vanke's operating costs in the first three quarters totaled 242.2 billion yuan, up+18.84% year-on-year. Among them, the sales expense was 7.283 billion yuan, a year-on-year increase of+25.48%; Management expenses were 7.23 billion, up by +2.67% year-on-year. Compared with most private enterprises, Vanke has a lower financing cost advantage. In the third quarter, the coupon rate of two corporate bonds issued by the company was as low as 3. 19% and 3.49% respectively. Reflected in the third quarterly report, the financial expenses in the first three quarters were 333 1 billion, down 30.56% year-on-year.
4. Gross profit margin decreased. In the first three quarters of 20021,Vanke's comprehensive gross profit margin was 22. 1%, down 7.8pct compared with the same period last year. Among them, the gross profit margin of real estate development and related asset management business (excluding taxes and surcharges) was 17.5%, down 5.4 pct compared with the same period in 2020.
5. On the whole, in the second half of the year, Vanke also faced many problems, such as a sharp drop in sales, a decrease in gross profit and net profit returned to the mother, a slowdown in land acquisition, and a tightening of important financial indicators.
High flyers Vanke, a financially sound head housing enterprise, is like this, and the pressure faced by other high-debt housing enterprises can be imagined.