Developers Q1: Sales Up 50 pc, But Profit Margins Drop

iFeng: 增收不增利 房地产企业平均净利下滑至6%

Housing prices gradually a quarterly publication. Reporters found that with real estate sales pick up, housing prices in the first quarter total revenue increase, an increase of more than 50%, however, the situation is no increase in interest income is obvious, though significant increase in revenue, profit growth of only 10%, the average net profit is from about 9% last year fell to 6.2%.

In wave after wave of easing, the property market, especially second-tier cities property market has become an indisputable fact, and the first to be beneficiaries of housing prices. Housing prices recently released a quarterly show, the majority of housing prices the amount of sales and the average selling price both rose. CRIC statistics TOP20 housing prices sales data show that the amount of its sales rose 88%.

Data than Vanke, Poly, Shimao real estate and other large housing prices released also showed the same trend. Vanke first quarter operational data show that during the total sales area of ​​5.457 million square meters, an increase of 37.9%; sales amount of 75.24 billion yuan, an increase of 62%. The first quarter average selling price of about 13,788 yuan / square meter, an increase of 18%. While Hengda Real Estate data also show that the first quarter of 2016, its contracted sales area of ​​7.504 million square meters, up 85.9 percent over the same period in 2015; sales amount of 65.67 billion yuan, an increase of 115%. Over the same period sales price of 8751 yuan / square meter, an increase of 15.7%.

Housing prices to maintain profit rate cut

According to Centaline Property Research Department statistics show that as of a few days ago, the Shanghai and Shenzhen listed real estate company announced first quarter of 2016 reported a total of 50 homes. This 50 room rate in the first quarter of 2016 total revenue reached 140.114 billion yuan, an increase of up to 51.3%, 50 companies, only 16 companies revenue decline on the basis of the market heating up, the 2/3 business turnover rises.

However, the situation is not satisfactory increase in net profit terms, the 50 companies net profit in the first quarter of 2016 amounted to 8.719 billion yuan. Overall, year 2015 rose 10.9% over the same period. 31 Housing prices appear profits rose.

Net profit rate "does not increase the anti-drop", 50 housing prices average net profit margin was 6.2%, compared to about 9 percent over the same period in 2015 is still showing a very significant reduction. Centaline Dawei, chief analyst believes that after more companies expected to announce quarterly, net profit rate of housing prices will remain lower performance.

Reporters learned that data from previous years, in 2015, housing prices is the net profit margin for the first time fell below the 10% of the year, in 2014 the average net profit housing prices was 10.5% in 2013 net profit up 11.97 percent.