In 2007, China Vanke had 3,068 employees working on more than 100 major building programmes in 26 cities, classified into some 230 projects. The company completed construction of over 4.4 million square meters of housing developments, up 36 percent from 2006.
Every project consists of many hundreds of tasks relating to multiple functional activities such as land purchasing, design, construction & engineering, marketing & sales, customer service, and government relations.
When it comes to project management, traditionally, China Vanke’s management relied heavily on verbal project updates and desktop spreadsheets. This was a labour intensive task for time-stressed project managers and therefore, poor project information impaired good governance. It was also difficult to implement common methods, plan resources effectively or predict cash requirements accurately. With rapid growth, effective project management demanded more sophisticated reporting and controls.
China Vanke Co., Ltd. is principally engaged in the real estate industry. Headquartered in Shenzhen, Guangdong Province, the Company develops residential buildings in 19 cities throughout China and provides property management services. During the year ended December 31, 2007, the Company sold out approximately 6.1 million square meters of properties.The Company's operation covers the Pearl River Delta Region, comprised of Shenzhen, Guangzhou, Foshan, Zhongshan and Dongguan; the Yangtze River Delta Region, consisting of Shanghai, Suzhou, Hangzhou, Nanjing, Wuxi and Nanchang; Huan Bohai Region, including Beijing, Tianjin, Shenyang, Anshan, Changchun and Dalian, and other cities, including Wuhan and Chengdu. As of December 31, 2007, the Company had 11 wholly owned subsidiaries.
Company Profile of China Vanke Co., Ltd.
Established in May 1984, China Vanke Co., Ltd. (“China Vanke” or the “Company”) is currently the largest residential property developer in the People’s Republic of China (“PRC”). In 2006, China Vanke realised sales revenue of RMB21.23 billion, booked revenue of RMB17.67 billion, net profit of RMB2.15 billion and tax payment of RMB2.42 billion. As the end of 2006, the total assets and net assets of the Company were RMB48.51 billion and RMB14.88 billion respectively.
First engaged in the residential property industry in 1988, China Vanke set the development of mass market residential property development as its core business in 1993. In 2006, its operations spanned across more than 20 cities in three major economic circles, namely the Pearl River Delta, Yangtze River Delta and Bohai-Rim region. Up to the present, China Vanke has built homes for over 90,000 families in the PRC and become the first nationally renowned trademark in the PRC property industry,
The second company listed on the Shenzhen Stock Exchange in 1991, China Vanke had the largest market capitalisation of RMB67.23 billion at the end of 2006 on the Shenzhen Stock Exchange. Since the Company’s listing, the compound annual growth rate of its revenue from core operations was 28.3% and that of its net profit was 34.1%. China Vanke also enjoyed the longest period of sustained profit growth after listing in the PRC. Named twice as one of the “International Best Small Companies” by Forbes, the Company received the awards of “Best Corporate Governance” and “Best Investor Relations” from internationally renowned media such as Investor Relations Magazine, and Asiamoney. Thanks to its excellent corporate governance and high ethics codes, the Company was selected as one of “China’s Most Respected Enterprises” for five consecutive years and received the award of “China’s Best Corporate Citizen” for three consecutive years.
萬科簡介
萬科企業股份有限公司成立於1984年5月，是目前中國最大的專業住宅開發企業。2006年，公司銷售收入212.3億元，結算收入176.7億元，凈利潤21.5億元，納稅24.2億元。至2006年末，公司總資產485.1億元，凈資產148.8億元。
萬科1988年進入住宅行業，1993年將大眾住宅開發確定為公司核心業務，2006年業務覆蓋到以珠三角、長三角、環渤海三大城市經濟圈為重點的二十多個城市。迄今為止，萬科***為九萬多戶中國家庭提供了住宅，“萬科”也成為行業第壹個全國馳名商標。
萬科1991年成為深圳證券交易所第二家上市公司，2006年末總市值為672.3億元，排名深交所上市公司第壹位。上市16年來，萬科主營業務收入復合增長率為28.3％，凈利潤復合增長率為34.1％，是上市後持續盈利增長年限最長的中國企業。公司在發展過程中兩次入選福布斯“全球最佳小企業”；多次獲得《投資者關系》、《亞洲貨幣》等國際權威媒體評出的最佳公司治理、最佳投資者關系等獎項。憑借公司治理和道德準則上的表現，公司連續五年入選“中國最受尊敬企業”，連續三年獲得“中國最佳企業公民”稱號。