Chinese real estate developer Country Garden ranks among Forbes Global 2000 list for ten consecutive years

The company moves up to the 129th position on the list in 2019

FOSHAN, China, May 20, 2019 /PRNewswire/ -- Country Garden Holdings (02007.HK), a leading Chinese property development company, moved up to the 129th position in the 2019 edition of the Forbes Global 2000 list released by leading business magazine Forbes on the evening of May 16, 2019. This marked the tenth consecutive year that the Chinese property developer has made the list with the ranking on the list having improved in each of the past ten years.

Together with the Forbes Fortune 500, the two lists are the proven authorities in terms of global company rankings. The world's largest and most powerful listed companies are recognized based on four key indicators: sales, profit, total assets and market value.

Notably, 309 Chinese companies were included in the Global 2000 list, five of which made the top ten, demonstrating the outstanding achievements of China-based firms. Notably, with US$237.4 billion in total assets and US$35.2 billion in market value, Country Garden rose by 14 spots to take the 129th place in 2019, continuing the real estate firm's continuous enhancement in its ranking since the first appearance on the list in 2010, a testament to the firm's strong growth momentum.

Country Garden has once again appeared among the Fortune 500, becoming one of the companies on the list that have seen the biggest improvement in their ranking over the past few years. In addition, the real estate firm was also included in the 2019 Brand Finance Global 150 list and the BrandZ™ Top 50 Most Valuable Chinese Brands list, among other leading rankings.

According to Country Garden's financial statement for 2018, the company experienced steady growth despite the downturn in the overall Chinese real estate market and policies put in place by the Chinese government meant to put a brake on the market. Country Garden achieved 501.88. billion yuan (approx. US$72.2 billion) in contract sales last year, representing a year on year growth of 31.25 per cent. The company posted revenue of 379.08 billion yuan (approx. US$54.5 billion), up 67.1 per cent year on year. Gross profit stood at 102.48 billion yuan (approx. US$14.7 billion), up 74.3 per cent year on year, while net profit clocked in at 48.54 billion yuan (approx. US$6.9 billion), up 68.8 per cent year on year.

Besides strong sales growth and a steady rise in profitability, the company's conversion rate of contract sales to cash reached 91 per ce

nt in 2018 with the net loan ratio dropping 7.3 percentage points year on year to 49.6 per cent. In addition, with a cash balance of some 242.54 billion yuan (approx. US$34.9 billion), the firm posted a positive net operating cash flow for the third consecutive year, reflecting its strong ability to manage risk.


A number of leading financial institutions including J.P. Morgan, Goldman Sachs, BOC International and BNP Paribas gave Country Garden a "buy" rating in view of the company's steady growth.

China International Capital Corporation reaffirmed a "buy" rating for Country Garden based on the company's ample land reserve, strong execution competence and outstanding portfolio. The real estate firm expects to see a continued rise in both sales and profitability this year.

Since the second half of last year, Country Garden has been focusing on the enhancement of the quality of operations while steadying the pace of expansion as part of its long-term strategy to maintain operational consistency. In 2019, with real estate, modern agriculture and robotics as three core businesses, the company plans to deepen the level of the collaboration with its partners and promote business integration and transformation in a move to enhance its comprehensive competitiveness, with the aim of making greater contributions to society by creating both social and economic value.  

Related Links :

Look out for further updates on our Facebook fan page!

Related Articles

  • 【置富之道】37歲白手興家成百萬富翁 學懂4種體會

    經過多年來的儲蓄和投資,克里斯雷寧(Chris Reining)37歲時便成為百萬富翁,從一間美國公司退休。現在他40歲,堅信當初的投資決定絕對正確。雷寧表示,99%的財富建議可以歸納為一句話:賺取比你花費更多的錢並在差價當中投資。我們一起看看雷寧退休後的4個體會:

  • 【職場熱話】Fresh grad、Intern慘被嫌棄 網民力數幾宗罪


  • 【天降橫財】中頭獎你會點做?英漢辭職追編劇夢


  • 【熱話】中六合彩有樣睇?命理師分析手氣旺4大特徵


  • 【職涯發展】「發呆王」創冥想App 賺錢靠幾方面


  • 【職場熱話】公司停電老細勒令買10枝電筒 網民認真提建議


  • 【職涯發展】為何狀元總是揀讀醫科棄工程?網民嚴選5大理由


  • 【網民熱話】11蚊解決三餐兼賣頭髮 慳錢達人9年終「上車」


  • 【職場熱話】失業爸爸43℃街邊派CV 感動老細獲逾百工作機會終獲聘

    為了找到一份工作可以去到幾盡?美國亞利桑那州一名父親Patrick Hoagland早前被公司解僱,用了一個月時間到處找工作仍不獲聘請,他忽發奇想,在街頭向途人派發工作履歷。最後,他收到過百份工作邀請,並獲公司取錄。

  • 【科技職人】科技業易受網絡攻擊 同Facebook推出加密幣有關?