Since on April 12, permanent big (03333.HK) President Xu Jiayin has attended going on the market for the first time whole year the achievement release conference, facing 2009 whole year the net profit 1,050,000,000 Yuan, with compared to grows 98.1% good result, Xu Jiayin stressed unceasingly, sells this year can do well, the goal sale amount is 40,000,000,000 Yuan.

Although since beginning of this year, the central authorities have appeared the regulative measure repeatedly, but Xu Jiayin speaks frankly, from 2005 adjustment start, each time macroscopic policy appearing, can affect for 23 months, afterwards the real estate market can restore the steady development.

But the permanent large estate chief finance officer gives thanks for a gift China to indicate, if the deduction appraisal rises in value as well as invests factors and so on property fair value income, in fact last year the permanent big core profit was only 210,000,000 Yuan, but comparatively, 2008 year net profits were 530,000,000 Yuan, the core profit are 440,000,000 Yuan.

40,000,000,000 sales goals

Permanent great last year contract sales volume 30,300,000,000 Yuan, sale floor space 5,637,000 square meters.Vice-president concurrently president Xia Haijun disclosed that, whole year sold the even price last year for each square meter 5375 Yuan, in which fourth quarter sells the even price for each square meter 6352 Yuan, compared in 2009 the first quarter the even price 4511 Yuan to rise 40.8%.

In 2010, the permanent big sale is threatening.Xia Haijun indicated, this year first quarter sum total sales volume 8,390,000,000 Yuan, contract sale area 1,315,000 square meters.The contract sells the even price for each square meter 6382 Yuan, the same ratio grew 41.5%.Regarding 51 gold weeks which soon arrives, Xu Jiayin indicated optimistically that, estimated 51 sales performance can be good, up to April 11, permanent great in April already obtained 1,600,000,000 Yuan contract sale amount.

Up to the end of last year, permanent big had real estate project 57 in the national 25 main cities, the land stockpiles 54,976,000 square meters, the average cost for each square meter 452 Yuan, might satisfy the future 5 year large-scale development the need.Xia Haijun indicated that, in 2009 permanent newly has greatly bought 13 lands in 9 cities, altogether increases the land to stockpile 13,080,000 square meters, average cost for each square meter 602 Yuan.

The goal ratio of debt to net worth does not surpass 40%

Gives thanks for a gift China to disclose that, up to 2009 year's end, the permanent large estate payment land funds has not been 7,900,000,000 Yuan, but this year the land funds which needs to pay to 2012 respectively is 4,100,000,000 Yuan, 1,400,000,000 Yuan as well as 2,300,000,000 Yuan, but because the cash is on hand sufficient, even if the related policy change needs to pay in full the land funds in the short-term, also may pay.

Xu Jiayin the emphasis, whole year hoped the maintenance surpasses 4,000,000,000 Yuan must to limit the cash, the goal debt ratio does not surpass 40%, the ratio of margin maintains 30%-40%, the net profit rate is not lower than the 15%, EBITDA interest to reimburse the ratio the goal for not to be lower than 5 times.This January 22, greatly completes permanently distributes 750,000,000 US dollar 5 year time first bills, set the record of inland shop facing the street business to send the debt scale new record on the port, and the sum total has repaid structure secured loan 290,000,000 US dollars which expired in October, 2010.

Permanent big leader Xu Jiayin to own team fill confidence, lets us wait for their achievement.