Vanke Enterprise Co., Ltd. (securities abbreviation: G Vanke A, stock code: 000002, formerly abbreviated as: Vanke A, Shenzhen Vanke A) was established in May 1984. It is currently the largest professional residential complex in China. development enterprise. In 2007, the company completed a new construction area of ??7.767 million square meters and a completed area of ??4.453 million square meters. It achieved sales of 52.36 billion yuan, settlement income of 35.18 billion yuan, net profit of 4.84 billion yuan, and tax payment of 5.32 billion yuan.
Focusing on ideas and prioritizing ethics over commercial interests are Vanke’s greatest features. Vanke believes that adhering to the bottom line of value, rejecting the temptation of interests, and insisting on obtaining fair returns from the market with professional capabilities are the cornerstones of Vanke's success. The company is committed to becoming the most popular enterprise among customers, investors, employees and respected by society through a standardized and transparent corporate culture and a steady and focused development model. With its performance in corporate governance and ethics, the company has been selected as "China's Most Respected Enterprise" for five consecutive years and won the title of "China's Best Corporate Citizen" for the fourth consecutive year.
Vanke entered the housing industry in 1988 and identified mass housing development as the company's core business in 1993. By the end of 2007, Vanke's national market share was 2.1, and its business covered 29 cities focusing on the three major economic circles of the Pearl River Delta, Yangtze River Delta and Bohai Rim. That year, it sold 48,000 residential units, ranking first in the world in terms of the number of residential units sold, and ranking among the largest residential companies in the world.
After years of hard work, Vanke has gradually established its competitive advantage in the housing industry: "Vanke" has become the industry's first nationally well-known trademark, and its brands include "Four Seasons Flower City", "City Garden", "Golden Home", etc. The brand is accepted and loved by consumers from all over the world; the "Scene Garden House" developed by the company is the first patented product and the first invention patent in China's residential industry; the company's property services have passed the first batch of ISO9002 quality system certification in the country; The Guest Club is the residential industry's first customer relations organization. In 2007, Vanke made important progress in the research, development and application of factory-based technology. The residential industrialization base in Dongguan was officially put into operation and was awarded the "National Residential Industrialization Base" by the Ministry of Construction. Shanghai New Mileage Project No. 20 and 21 Two factory-style residential buildings have been launched on the market. In the same year, the proportion of renovated houses among Vanke's newly constructed houses reached 53.4, which is an important manifestation of the company's advocacy of energy conservation and environmental protection and fulfillment of social responsibilities.
Vanke is the first domestic housing company to hire a third-party agency to conduct a comprehensive customer satisfaction survey every year. In 2007, the company was the first in the industry to introduce the concept of "cooling off period" and implement "three days of unsubscription without reason". According to Gallup's survey results, Vanke's customer satisfaction increased by two percentage points in 2007, reaching 89%. By the end of 2007, each old customer had recommended Vanke Properties to 7.11 people on average.
Vanke became the second listed company on the Shenzhen Stock Exchange in 1991. Its continued growth in performance and standardized and transparent corporate governance structure have enabled the company to win widespread recognition from investors. In the past ten years, the compound growth rate of Vanke's sales revenue has been 49.9, and the compound growth rate of net profit has been 42.3. In the past three years, the compound growth rate of Vanke's sales revenue has reached 93.7, the compound growth rate of net profit has reached 88.4, and the compound growth rate of basic earnings per share has reached 67.6. During its development, the company was twice selected as one of Forbes' "Best Small Businesses in the World" and won multiple awards for best corporate governance and best investor relations from international authoritative media such as "Investor Relations" and "Asia Money".
Vanke currently has more than 16,000 employees. Since its founding, Vanke has always advocated "a healthy and fulfilling life" and valued work-life balance; it has provided employees with space and opportunities for sustainable development, and encouraged employees and the company to grow together; it has advocated simple interpersonal relationships and is committed to creating capable A working atmosphere that gives full play to employees’ talents. Since 2001, Vanke has entrusted a third-party consulting company to conduct employee satisfaction surveys on all employees every year.
In November 2007, Vanke was the only real estate company to win the "China Academy of Management Award" jointly established by the Peking University Management Case Study Center, "Peking University Business Review" and the Institute of Entrepreneurship and Business Management for its "Employer Brand" project. In January 2008, Vanke won the title of "Best Employer of the Year with Most Leadership" in the third "CCTV Annual Employer Survey".
In 2007, the industry in transition will continue its restructuring process, and macro-control will remain the norm for the industry. Vanke will also continue to be on the track of rapid development in accordance with the established three-year development strategy.
The theme of Vanke in 2007 is "The road is of course? The finer things go further". The company will continue to deepen its own transformation process and shoulder the unshirkable responsibility of being a pioneer in the restructuring of the industry. The company will also take a new step on the road to everlasting business through down-to-earth and intensive cultivation.
Vanke will adhere to its established policies, continue to focus on the urban economic circle with the Pearl River Delta, Yangtze River Delta, and Bohai Rim regions as its core, adhere to the development direction of focusing on ordinary residential buildings, and further improve its customer-oriented operation and management system. Promote the industrialization process and implement refined management.
In 2007, Vanke will comprehensively promote the implementation of decorated houses and increase the proportion of decorated houses. The residential industrialization base in Dongguan will be officially put into operation within the year, and the company will further increase the application proportion of industrialization technology. By improving product innovation capabilities, the company will provide the market with products that are closer to customer needs, with better quality and higher cost performance.
In 2007, the company plans to start construction of approximately 7 million square meters and complete approximately 6 million square meters, further increasing project resources by approximately 10 million square meters. To this end, the company will increase its efforts in resource integration, give full play to the advantages of its partners, and enhance its status as a resource integration hub in the industry.
It is expected that the development of direct real estate financing channels will be further included in the national agenda in 2007, but the tightening trend of real estate financing channels will not change suddenly during the year. On the one hand, Vanke will actively explore innovations in financing methods, and on the other hand, it plans to raise funds in the capital market through the public issuance of additional A shares. The number of additional shares to be issued shall not exceed 20% of the company's total share capital.
In order to adapt to the requirements of rapid development, the company will continue to promote the adjustment of organizational management structure in 2007. At the same time, the company will further improve the construction of internal audit and risk management systems to improve risk prevention capabilities in the process of rapid development.