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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Evergrande Real Estate Group Limited    3333   KYG2119W1069

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Evergrande Real Estate Group Limited : Contracted Sales Results Update for April 2013

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05/08/2013 | 12:02am CEST

?For Immediate Release?

Evergrande Real Estate Group Limited

? ? ? ? ? ? ? ? ? ?

(incorporated in the Cayman Islands with limited liability)

Evergrande Real Estate Group Limited Contracted Sales Results Update for April 2013

(7 May 2013, Hong Kong) Evergrande Real Estate Group Limited ("Evergrande" or the "Group", SEHK stock code: 3333), one of the leading large-scale integrated residential property developers in China, announces today its contracted property sales results for the month of April 2013.
In April 2013, the Group achieved contracted sales of RMB7.26 billion. Contracted average selling price ("ASP") was RMB6,620 per sq.m.. Contracted sold GFA was 1,097,000 sq. m.. Compared with March 2013, the Group's contracted sales increased by 15.8%, contracted sold GFA increased by 10.9%, and contracted ASP increased by 4.4%.
The Group's total number of projects in sales mode was 188 in April 2013, same as in March 2013.
From January to April, the Group's total contracted sales achieved RMB24.98 billion, increased by 51.9% year-on-year. Total contracted sold GFA was 3,936,000 sq. m., increased by 46.9% year-on-year. Contracted ASP from January to April was RMB6,348 per sq. m., increased by 3.4% year-on-year.

Evergrande Real Estate Group Limited

Contracted Sales Results Updates for April 2013

7 May 2013/Page 2

?Cont'd?

Figure: Comparison of Contracted Sales, Contracted Sold GFA and Contracted ASP for the monthly of April 2013 vs. March 2013

6 ,2 7 1

7 ,2 6 2

989

1,0 9 7

6 ,3 4 0 6 ,6 2 0

Mar 2013 Apr 2013 Mar 2013 Apr 2013 Mar 2013 Apr 2013 Contracted Sales (RMB million? Contracted Sold GFA (?000 sq. m.) Contracted ASP (RMB/sq. m.) Figure: Comparison of Contracted Sales, Contracted Sold GFA and Contracted ASP for the period from January to April 2013 vs. 2012

16 ,4 5 2

2 4 ,9 8 2

2 ,6 7 9

3 ,9 3 6

6 ,14 0

6 ,3 4 8

2012 2013 Contracted Sales (RMB million? 2012 2013 Contracted Sold GFA (?000 sq. m.) 2012 2013 Contracted ASP (RMB/ sq. m.? Figure: Contracted Sales and Contracted ASP for the period from January to April 2013


Contracted Sales (RMB billion) Contracted ASP?RMB/sq.m.)

10 6,620

6,206 6,163

8 6,340

6

7,000

6,000

5,000

4 7.25 6.27

2 4.20

7.26

4,000

0

Jan Feb Mar Apr

3,000

Evergrande Real Estate Group Limited

Contracted Sales Results Updates for April 2013

7 May 2013/Page 3

?Cont'd?

(In view of variables in the course of sales, there may be discrepancies between the above-mentioned and information disclosed in periodic reports. Therefore, the relevant statistics are periodic information solely for investors' reference.)
- End -

For further information, please contact: Porda Havas International Finance Communications Group

Paul Sham/ Jung Chang/ Carven Tsui
Tel : (852) 3150 6730/ 3150 6705/ 3150 6703
Fax : (852) 3150 6728
Email: paul.sham@pordahavas.com/ jung.chang@pordahavas.com/
carven.tsui@pordahavas.com

Evergrande Real Estate Group Limited

Investor Relations
Tel : (852) 2287 9218 / 2287 9207
Email: chenfen@evergrande.com / caiqin@evergrande.com

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EBIT 2016 25 709 M
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EV / Sales 2016 1,09x
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Capitalization 57 393 M
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Mean consensus HOLD
Number of Analysts 20
Average target price 4,17  CNY
Spread / Average Target -0,41%
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Hai Jun Xia Vice Chairman & Chief Executive Officer
Ka Yan Hui Chairman
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