比利时食品贸易行业市场前景及投资研究报告-培训课件外文版2024.5巧克力

COMPANIES

&

PRODUCTSChinaVankeCHAPTER

01OverviewLeadingChineserealestatecompaniesontheFortuneChina500rankingasof2023,byrevenue(inbillionyuan)TopChinesepropertydevelopersontheFortuneChina500ranking2023Revenueinbillionyuan0100200300400500600ChinaVankeGreenlandHoldings503.84435.91430.37CountryGardenPolyRealEstate281.11LongforProperties250.57ChinaResourcesLandLimitedChinaMerchantsShekouIndustrialZoneHoldingsGreentownChina207.06183127.15120.21GemdaleCorporationSeazenGroup116.543Description:Onthe2023FortuneChina500rankingforrealestatecompanies,China`sleadingrealestatedeveloperVankerankedfirstwithatotalrevenueof503.84billionyuan,followedbyGreenlandHoldingsandCountryGarden.

ReadmoreNote(s):China;2023Source(s):FortuneRevenueofChinaVankeCo.,Ltd.from2010to2022(inbillionyuan)ChinaVanke'srevenue2010-2022600500503.84452.8419.114003002001000367.89297.68240.48242.9195.552015146.392014127.45201396.86201267.71201147.73201020162017201820192020202120224Description:In2022,theChineserealestatecompanyChinaVankegeneratedarevenueofalmost504billionyuan,representingagrowthofmorethan50billionyuanfromthepreviousyear.VankeisoneofthegiantsintherealestatesectorinChina.

ReadmoreNote(s):China;2010to2022Source(s):ChinaVankeBreakdownofoperatingrevenueofChinaVankeCo.,Ltd.in2022,bybusinesssegment(inmillionyuan)DistributionofChinaVanke'srevenue2022Revenueinmillionyuan10

150520253035404550Realestateandrelatedassetmanagementbusiness47.04PropertyservicesOthers2.580.765/statistics/1417405/china-vanke-revenue-breakdownIn2022,theChineserealestatecompanyChinaVankegainedrevenueofaround47millionyuanfromtherealestateandrelatedassetmanagementbusiness.Incomparison,therevenuefromotherbusinesseswasalllessthanthreemillionyuan.

ReadmoreNote(s):China;2022Source(s):ChinaVankeShareofrealestateoperatingincomeofChinaVankeCo.,Ltd.in2022,byregionDistributionofChinaVanke'srealestateoperatingincome2022CentralChinaregion7.1%Northwestregion7.25%Other0.15%Northeastregion7.83%Southwestregion11.8%Shanghai29.00%Southernregion21.56%Beijing14.77%6Description:In2022,therealestateoperatingincomeofChineserealestatecompanyChinaVankeintheShanghairegionaccountedforabout29.5percentoftotalincome,thehighestamongallotherregions.Meanwhile,ChinaVankegainedanoperatingincomeofabout137.5billionyuaninShanghaiin2022.ReadmoreNote(s):China;2022Source(s):ChinaVankeNetprofitofChinaVankeCo.,Ltd.from2010to2022(inbillionyuan)VankeChina'snetprofit2010-20227059.3605040302010055.1349.2738.0737.2128.3525.95201522.26202219.29201418.315.66201211.68.842010201120132016201720182019202020217Description:ThisstatisticshowsthenetprofitofChinaVankefrom2010to2022.In2022,theChineserealestatecompanyChinaVankehadgeneratedanetprofitofaround22.26billionyuan.ReadmoreNote(s):China;2010to2022Source(s):ChinaVankeNumberofemployeesatChinaVankeCo.,Ltd.from2010to2022NumberofemployeesatChinaVanke2010-2022160,000140,565139,494140,000120,000100,00080,00060,00040,00020,0000131,505131,817104,30077,70858,28042,295201540,647201435,330201331,019201227,951201122,850201020162017201820192020202120228Description:ThisstatisticshowsthenumberofemployeesatChinaVankefrom2010to2022.Bytheendof2022,theChineserealestatecompanyChinaVankeemployed131,817workers.

ReadmoreNote(s):China;2010to2022Source(s):ChinaVankeCHAPTER

02AssetsandliabilitiesTotalassetsofChinaVankefrom2011to2022(inbillionyuan)TotalassetsofChinaVanke20222,5001,938.642,0001,5001,0005001,869.181,757.121,729.931,528.581,165.35830.672016611.32015508.412014479.212013378.82012296.532011020172018201920202021202210Description:ThisstatisticshowsthetotalassetsofChinaVankefrom2011to2022.In2022,totalassetsoftheChineserealestatecompanyChinaVankeamountedtoaround1757billionyuan.ReadmoreNote(s):China;2011to2022Source(s):ChinaVankeLiability-to-assetratioofChinaVankeCo.,Ltd.from2016to2022ChinaVanke'sliability-to-assetratio2016-202290%84.59%84.36%83.98%81.28%80.54%79.74%76.92%80%70%60%50%40%30%20%10%0%201620172018201920202021202211Description:In2022,theChineserealestatecompanyChinaVankehadaliability-to-assetratioofalmost77percent,decreasingfromabout79.7percentinthepreviousyear.Overall,ChinaVanke'sliability-to-assetratiosshowedadownwardtrend.

ReadmoreNote(s):China;2016to2022Source(s):ChinaVankeTotalliabilitiesofChinaVankeCo.,Ltd.from2016to2022(intrillionyuan)ChinaVanke'stotalliabilities2016-20221.81.551.61.41.21.00.80.60.40.20.01.521.461.351.290.980.67201620172018201920202021202212Description:In2022,thetotalliabilitiesofChineserealestatecompanyChinaVankereachedapproximately1.4trillionyuan,decreasingfromabout1.6trillionyuaninthepreviousyear.Duringthatyear,ChinaVankeaccumulatedaround1.76trillionyuanoftotalassets.ReadmoreNote(s):China;2016to2022Source(s):ChinaVankeNetliabilityratioofChinaVankeCo.,Ltd.from2017to2022ChinaVanke'snetliabilityratio2017-202250%45%43.68%40%33.87%35%30%25%20%15%10%5%30.89%29.69%18.09%8.84%20170%2018201920202021202213Description:In2022,theChineserealestatecompanyChinaVankehadanetliabilityratioofapproximately43.7percent,increasingsignificantlyfromthepreviousyear.Overall,ChinaVanke'sliability-to-assetratiosshowedconstantfluctuations.ReadmoreNote(s):China;2017to2022Source(s):ChinaVankeFinancingbalanceofChinaVankeCo.,Ltd.in2022,byfinancingavenues(inbillionyuan)ChinaVanke'sfinancingbalance2022Financingbalanceinbillionyuan80

1000204060120140160180200BankloansDebenturesOtherloans190.3785.6138.1314Description:In2022,theChineserealestatecompanyChinaVankeobtainedmorethan190billionyuaninfinancingthroughbankloans.Incomparison,thefinancingbalancesfromotherfinancingavenueswerealllessthan100billionyuan.ReadmoreNote(s):China;2022Source(s):ChinaVankeCHAPTER

03ConstructionNumberofrealestatenewprojectsofChinaVankeCo.,Ltd.from2016to2022NumberofChinaVanke'snewrealestateprojects2016-202225022721620017316814714815010050360201620172018201920202021202216Description:In2022,theChineserealestatecompanyChinaVankeacquiredacumulativetotalof36realestatenewprojects,decreasingsignificantlyfromthepreviousyear.Overall,thenumberofrealestatenewprojectswasthelowestin2022.

ReadmoreNote(s):China;2016to2022Source(s):ChinaVankeGrossfloorarea(GFA)ofcompleteddevelopmentoperationsofChinaVankeCo.,Ltd.from2017to2022(inmillionsquaremeters)GFAofChinaVanke'scompleteddevelopmentoperations2017-20224036.2935.7133.82353025201510530.0827.5623.01020172018201920202021202217Description:In2022,thegrossfloorareaofcompleteddevelopmentoperationsofChineserealestatecompanyChinaVankewasmorethan36millionsquaremeters,increasingslightlyfromthepreviousyear.Overall,theGFAofcompleteddevelopmentoperationsshowedaconstantupwardtrend.ReadmoreNote(s):China;2017to2022Source(s):ChinaVankeGrossfloorarea(GFA)ofnewrealestateconstructionofChinaVankeCo.,Ltd.from2016to2022(inmillionsquaremeters)GFAofChinaVanke'snewrealestateconstruction2016-20226049.935040302010042.4139.636.5232.6518.92201615.6820222017201820192020202118Description:In2022,thenewrealestateconstructionareaofChineserealestatecompanyChinaVankewasapproximately15.7millionsquaremeters,decreasingsignificantlyfromthepreviousyear.Overall,theconstructionareaofnewrealestateshowedadownwardtrend.ReadmoreNote(s):China;2016to2022Source(s):ChinaVankeGrossfloorarea(GFA)oftotalplannedrealestateofChinaVankeCo.,Ltd.from2016to2022(inmillionsquaremeters)GFAofChinaVanke'stotalplannedrealestate2016-20225046.8146.154540353025201510537.1733.6731.5726.676.90201620172018201920202021202219Description:In2022,thetotalplannedrealestategrossfloorareaofChineserealestatecompanyChinaVankewasalmost7millionsquaremeters,decreasingsignificantlyfromthepreviousyear.Overall,thegrossfloorareaoftotalplannedrealestateshowedadownwardtrend.ReadmoreNote(s):China;2016to2022Source(s):ChinaVankeAveragelandpriceofnewrealestateprojectsofChinaVankeCo.,Ltd.from2017to2022(in1,000yuan)AveragelandpriceofChinaVanke'snewrealestateprojects2017-2022141212.3107.91864206.946.716.255.4320172018201920202021202220/statistics/1418065/china-vanke-new-real-estate-projects-average-land-priceIn2022,theaveragelandpriceofChineserealestatecompanyChinaVanke'snewrealestateprojectswasapproximately12,300yuan,increasingsignificantlyfromthepreviousyear.Overall,theaveragelandpriceshowedconstantfluctuations.

ReadmoreNote(s):China;2017to2022Source(s):ChinaVankeCHAPTER

04SalesSalesareaofChinaVankeCo.,Ltd.from2010to2022(inmillionsquaremeters)ChinaVanke'ssalearea2010-20225045403530252046.6741.1240.3838.0835.9527.6526.320.6718.06201414.91512.96201210.758.9810502010201120132015201620172018201920202021202222Description:ThisstatisticshowsthesalesareaofChinaVankefrom2010to2022.In2022,theChineserealestatecompanyChinaVankehadasalesfloorspaceofaround26.3millionsquaremeters.

ReadmoreNote(s):China;2010to2022Source(s):ChinaVankeShareofrealestatesalesareaofChinaVankeCo.,Ltd.in2022,byregionDistributionofChinaVanke'srealestatesalesarea2022Other0.2%Northeastregion8.9%Southwestregion8.9%Shanghai26%Northwestregion10%Beijing18%CentralChinaregion10.8%Southernregion17.2%23Description:In2022,theChineserealestatecompanyChinaVankeinShanghaisoldapproximately26percentoftherealestatesalesarea,higherthanallotherregions.Meanwhile,ChinaVankehadasalesfloorspaceofalmost7millionsquaremetersinShanghaiin2022.ReadmoreNote(s):China;2022Source(s):ChinaVankeBreakdownofrealestatesalesvalueofChinaVankeCo.,Ltd.in2022,byregion(inbillionyuan)ChinaVanke'srealestatesalesvaluebyregion2022Salesvalueinbillionyuan020406080100120140160ShanghaiSouthernregionBeijing136.35103.957.03CentralChinaregionNorthwestregionSouthwestregionNortheastregionOther39.6327.3627.1920.025.4924Description:In2022,theChineserealestatecompanyChinaVankegainedrevenueofapproximately136billionyuanfromrealestatesalesinShanghai.Incomparison,therealestatesalesvalueinotherregionswerealllessthan110billionyuan.

ReadmoreNote(s):China;2022Source(s):ChinaVankeShareofrealestatesalesvalueofChinaVankeCo.,Ltd.in2022,byregionDistributionofChinaVanke'srealestatesalesvalue2022Northeastregion4.8%Southwestregion6.0%Other1.3%Northwestregion6.6%Shanghai32.7%CentralChinaregion9.0%Beijing13.7%Southernregion24.9%25Description:In2022,therealestatesalesvalueofChineserealestatecompanyChinaVankeintheShanghairegionaccountedforalmost33percentoftotalsales,thehighestamongallregions.Incomparison,thesalesvalueofChinaVankeinBeijinglaggedbyabout14percent.ReadmoreNote(s):China;2022Source(s):ChinaVankeCHAPTER

05CompetitorsLeadingrealestatecompaniesinChinain2022,bysalesarea(inmillionsquaremeters)LeadingrealestatecompaniesinChina2022,bysalesareaSalesareainmillionsquaremeters10

200CountryGardenHoldings3040506052.36ChinaVankeCo.25.5224.73PolyRealEstateGreentownChinaHoldingsLtd.ChinaResourcesLandLtd.13.6112.97ChinaOverseasLand&InvestmentLtd.GreenlandHoldingGroup12.8912.31SunacChinaHoldingsLtd.12.16LongforProperties11.3510.98ChinaMerchantsShekouIndustrialZoneHoldings27Description:In2022,theleadingrealestatecompanyinChinabasedonfloorspacesoldwasCountryGardenHolding.Thecompanyalsohadthehighestsalesrevenueamongallmajorrealestatecompaniesinthecountry.FortheChineseeconomy,therealestateandconstructionindustrywasanessentialpartcontributingasignificantsharetothecountry'sGDP.ReadmoreNote(s):China;2022Source(s):ChinaRealEstateInformation;SNetprofitofEvergrandeGroupfrom2010to2022(inbillionyuan)EvergrandeGroup'snetprofit2010-202220066.55100037.0533.5431.418.0217.3417.627.5911.389.1813.71-100-200-300-400-500-600-700-800-125.81-686.22202120102011201220132014201520162017201820192020202228Description:In2022,theChineserealestategiantChinaEvergrandeGroupreportedanetlossofmorethan125billionyuan.Afterthecompanyhadanetprofitof31.4billionyuanin2020,itslongtermdebtissuesandthestallofChina'srealestatemarketsignificantlyimpacteditsoperations.Since21March2022,tradinginthecompany'sshareswassuspendeduntilfurthernotice.ReadmoreNote(s):China;2010to2022Source(s):EvergrandeTotalliabilitiesofEvergrandeGroupfrom2015to2022(inbillionyuan)TotalliabilitiesofEvergrandeGroup2015-20223,0002,580.152,437.412,5002,0001,5001,0005001,950.731,848.041,571.41,519.541,158.34614.8920150201620172018201920202021202229Description:In2022,thetotalliabilitiesofEvergrandeGroupamountedtomorethan2.5trillionyuan.Since2015,thevalueofliabilitieshasincreasedmorethanthree-fold,butinrecentyears,thecompanyhasreduceditsgearingratiosignificantly.ItfitsintotheplansfromtheChinesegovernmenttodeleveragetherealestateindustryanddirectinvestmentsintomoreproductivesectors.ReadmoreNote(s):China;2015to2022Source(s):EvergrandeGrossfloorareaofCountryGarden'sattributablelandbankinChinain2022,bydevelopmentstage(inmillionsquaremeters)LandbankGFAofCountryGardeninChina2022,bydevelopmentstageGrossfloorareainmillionsquaremeters0%10%20%30%40%50%60%70%80%90%83.8%Underconstructionwithsalespermit-soldProjectacquiredwithoutconstructionpermitUnderconstructionwithoutsalespermitUnderconstructionwithsalespermit-unsoldCompletedandpre-soldpendingdeliveryCompletedbutunsold66.1%23.8%20.1%4%3.7%30Description:Asof31December2022,theacquiredattributa